traditional securitisation
as defined in CRR, Article 242, point (13) (Definitions)
a traditional securitisation as defined in point (9) of Article 2 of Regulation (EU) 2017/2402
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Also defined in
- Directive 2006/48/EC of the European Parliament and of the Council of 14 June 2006 relating to the taking up and… 32006L0048, Article 4, point (37)
a securitisation involving the economic transfer of the exposures being securitised to a securitisation special purpose entity which issues securities. This shall be accomplished by the transfer of ownership of the securitised exposures from the originator credit institution or through…