traditional securitisation
as defined in Directive 2006/48/EC of the European Parliament and of the Council of 14 June…, 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 sub-participation. The securities issued do not represent payment obligations of the originator credit institution;
Install the extension for EUR-Lex
Also defined in
- CRR 32013R0575, Article 242, point (10)
a securitisation involving the economic transfer of the exposures being securitised. This shall be accomplished by the transfer of ownership of the securitised exposures from the originator institution to an SSPE or through sub-participation by an SSPE. The securities issued do not represent…