Protection buyer definition
Protection buyer. – means the entity which buys protection from credit risk, (i.e. sells credit risk);
Protection buyer means the entity which has transferred credit risk relating to the Underlying Assets pursuant to a Risk Transfer and to which any protection payments under the transaction fall to be made (whether directly or through an SPE).
Protection buyer means the counterparty that transfers credit risk of reference obligation.
More Definitions of Protection buyer
Protection buyer means Abbey National Treasury Services PLC;