non-mandatory overcollateralisation

Definitions over time (1)

29/06/2021 – today applies on 11/11/2026 Article 411, Capital Requirements Regulation (CRR) Scope: Part VI

For the purposes of this Part, the following definitions apply:

‘non-mandatory overcollateralisation’ means any amount of assets which the institution is not obliged to attach to a covered bond issuance by virtue of legal or regulatory requirements, contractual commitments or for reasons of market discipline, including in particular where the assets are provided in excess of the minimum legal, statutory or regulatory overcollateralisation requirement applicable to the covered bonds under the national law of a Member State or a third country;