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You are viewing the version of the document as on 2022-01-02.

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    2022-01-02

unfunded credit protection

  1. (1) [deleted]938153

  1. (2) [deleted]938153
  2. (3) (in MIPRU) a way of mitigating credit risk where the reduction of credit risk on the exposure of an undertaking (the borrower) derives from the enforceable obligation of a third party to pay an amount in the event of the default of the borrower or on the occurrence of other specified events.59