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You are viewing the version of the document as on 2024-12-18.

securitisation position

  1. 120[Note: article 4(1)(62) and 245(3) of the UK CRR]180
    1. (1) (in MIPRU209) 132180an 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) [deleted]209180
    3. 223(3) (in SECN) has the meaning in regulation 3(1) of the Securitisation Regulations 2024.
    [Note: article 4(1)(62) and 245(3) of the UK CRR]180