synthetic securitisation
as defined in CRR, Article 242, point (11) (Definitions)
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
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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 - 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 (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;