Programme AUPs Sample Clauses

Programme AUPs. We have carried out the Programme AUPs on the processes and procedures performed by the Issuer in respect of the Programme. These procedures were performed over certain policies and procedures performed by the Issuer in order to comply with Regulations 16 and 17 of the Regulations, and to meet the requirements of section 2.3.18G of the RCB Sourcebook. The following terminology is used in the Programme AUPs below: • The “RCBC ACM” is the stress testing model provided by the Regulated Covered Bond Council. • “WAFF” is Weighted Average Foreclosure Frequency. • “WALS” is Weighted Average Loss Severity. • “WARR” is Weighted Average Recovery Rate. 2.1 Proceeds of lssue