securitisation definition

securitisation means a transaction or scheme, whereby the credit risk associated with an exposure or pool of exposures is tranched, having both of the following characteristics:

securitisation means any securitisation (Shari’ah compliant or otherwise) of existing or future assets and/or revenues, provided that (a) any Security Interest given by the Issuer in connection therewith is limited solely to the assets and/or revenues which are the subject of the securitisation; (b) each Person participating in such securitisation expressly agrees to limit its recourse to the assets and/or revenues so securitised as the principal source of repayment for the money advanced or payment of any other liability; and (c) there is no other recourse to the Issuer in respect of any default by any Person under the securitisation.

securitisation means a transaction or scheme, whereby the credit risk associated with an exposure or a pool of exposures is tranched, having all of the following characteristics: (a) payments in the transaction or scheme are dependent upon the performance of the exposure or of the pool of exposures; (b) the subordination of tranches determines the distribution of losses during the ongoing life of the transaction or scheme; (c) the transaction or scheme does not create exposures which possess all of the characteristics listed in Article 147(8) of Regulation (EU) No 575/2013;

Examples of securitisation in a sentence

• The Issuer appoints the Servicer to perform certain of the Issuer’s obligations as the responsible entity pursuant to Article 7(2) of the UK Securitisation Regulation, the corresponding implementing measures from time to time, any official guidance in relation thereto and any replacement legislation in force and applicable to the Issuer from time to time in respect of any relevant Notes issued by the Issuer.

• No Party shall use Data directly or indirectly obtained under or in connection with any Transaction Document including in respect of the Investor or the CBC, as the case may be, for its investment objectives and/or criteria, other than is apparent from the Monthly Investor Report, other than for the purposes of the Achmea Mortgage Investment Platform and other than for the purposes of the Securitisation Transaction.

More Definitions of securitisation

securitisation means any securitisation of existing or future assets and/or revenues, provided that (i) any Security Interest given by the Issuer, the relevant Guarantor or the relevant Principal Subsidiary, as the case may be, in connection therewith is limited solely to the assets and/or revenues which are the subject of the securitisation; (ii) each person participating in such securitisation expressly agrees to limit its recourse to the assets and/or revenues so securitised as the principal source of repayment for the money advanced or payment of any other liability; and(iii) there is no other recourse to the Issuer, the relevant Guarantor or the relevant Principal Subsidiary, as the case may be, in respect of any default by any person under the securitisation;

securitisation means securitisation as defined in point (61) of Article 4(1) of Regulation (EU) No 575/2013;

securitisation means any securitisation of existing or future assets and/or revenues, provided that:

securitisation means a securitisation within the meaning of Article 4(36) of Directive 2006/48/EC;

securitisation means a securitisation as defined in point (1) of Article 2 of Regulation (EU) 2017/2402;

securitisation means securitisation as defined in Article 2(1) of [Securitisation Regulation];

securitisation means a transaction or scheme whereby: