Content Options:

Add to favourites

View Options:

More Resources:

External link Handbook Publications

securitisation position

  1. 120
    1. (1) (in GENPRU, MIPRU132 and BIPRU) (in accordance with Article 4(40) (Definitions) and Article 96 (Securitisation) of the Banking Consolidation Directive) an exposure to a securitisation within the meaning of paragraph (2) of the definition of securitisation; and so that:
      1. (a) where there is an exposure to different tranches in a securitisation, the exposure to each tranche must be considered as a separate securitisation position;
      2. (b) the providers of credit protection to securitisation positions must be considered to hold positions in the securitisation; and
      3. (c) securitisation positions include exposures to a securitisation arising from interest rate or currency derivative contracts.
    2. (2) (in IFPRU) has the meaning in article 4(1)(62) of the EU CRR.