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 Servicer will make such information available via the EU Securitisation Repository.
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 a securitisation within the meaning of Article 4(36) of Directive 2006/48/EC;
securitisation means any securitisation of existing or future assets and/or revenues, provided that:
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 securitisation as defined in Article 4(1)(61) of Regulation 575/2013 10 ;