clean-up call option

Definitions over time (1)

01/01/2019 – today applies on 12/11/2026 Article 242, Capital Requirements Regulation (CRR) Scope: Part III Title II Chapter 5

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

‘clean-up call option’ means a contractual option that entitles the originator to call the securitisation positions before all of the securitised exposures have been repaid, either by repurchasing the underlying exposures remaining in the pool in the case of traditional securitisations or by terminating the credit protection in the case of synthetic securitisations, in both cases when the amount of outstanding underlying exposures falls to or below certain pre-specified level;

Open an entry to see its definitions, dates and uses. Separate scopes and histories are kept intact.