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originator

  1. 61
    1. (1) 1057196in relation to a securitisation within the meaning of paragraph (2) of the definition of securitisation) either of the following:
      1. (a) an entity which, either itself or through related entities, directly or indirectly, was involved in the original agreement which created the obligations or potential obligations of the debtor or potential debtor giving rise to the exposures being securitised; or
      2. (b) an entity which purchases a third party's exposures onto its balance sheet and then securitises them.
      3. [Note: article 4(41) of the Banking Consolidation Directive (Definitions)]96
    2. (2) (except in (1)) means an entity which:10596
      1. (a) itself or through related entities, directly or indirectly, was involved in the original agreement which created the obligations or potential obligations of the debtor or potential debtor giving rise to the exposure being securitised; or105
      2. (b) purchases a third party’s exposures for its own account and then securitises them.105
      3. [Note: article 4(1)(13) of the UK CRR]105