funded credit protection

Defined in Article 4, Capital Requirements Regulation (CRR)

Uses as of 26/04/2019

Definitions over time (1)

1. 19/07/2016 – 27/06/2019 applies on 26/04/2019 Article 4, Capital Requirements Regulation (CRR) Scope: Whole act

   For the purposes of this Regulation, the following definitions shall apply:

   ‘funded credit protection’ means a technique of credit risk mitigation where the reduction of the credit risk on the exposure of an institution derives from the right of that institution, in the event of the default of the counterparty or on the occurrence of other specified credit events relating to the counterparty, to liquidate, or to obtain transfer or appropriation of, or to retain certain assets or amounts, or to reduce the amount of the exposure to, or to replace it with, the amount of the difference between the amount of the exposure and the amount of a claim on the institution;

Used in (14 places in 11 provisions on 26/04/2019)

Capital Requirements Regulation (CRR) (14 in 11)

Article 4 · Article 47c · Article 111 · Article 194² · Article 200 · Article 218 · Article 219 · Article 239³ · Article 249 · Article 253 · Article 399