fully supported ABCP transaction
Defined in Article 2, Securitisation Regulation
Definitions over time (1)
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For the purposes of this Regulation, the following definitions apply:
‘fully supported ABCP transaction’ means an ABCP transaction supported by a liquidity facility, at transaction level or at ABCP programme level, that covers at least all of the following: all liquidity and credit risks of the ABCP transaction; any material dilution risks of the exposures being securitised in the ABCP transaction; any other ABCP transaction-level and ABCP programme-level costs if necessary to guarantee to the investor the full payment of any amount under the ABCP;
Earlier definition records in this act (1)
Open an entry to see its definitions, dates and uses. Separate scopes and histories are kept intact.
- Article 2(22) Historical · definitions end 09/04/2021