synthetic securitisation
as defined in Directive 2006/48/EC of the European Parliament and of the Council of 14 June…, Article 4, point (38)
a securitisation where the tranching is achieved by the use of credit derivatives or guarantees, and the pool of exposures is not removed from the balance sheet of the originator credit institution;
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Also defined in
- Regulation (EU) 2023/2631 of the European Parliament and of the Council of 22 November 2023 on European Green Bonds and… 32023R2631, Article 2, point (23)
a synthetic securitisation as defined in Article 2, point (10), of Regulation (EU) 2017/2402 - CRR 32013R0575, Article 242, point (11)
a securitisation where the transfer of risk is achieved by the use of credit derivatives or guarantees, and the exposures being securitised remain exposures of the originator institution