credit enhancement

Definitions over time (1)

20/07/2006 – 17/04/2007 Article 4, Directive 2006/48/EC (CRD) Scope: Whole act

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

‘credit enhancement’ means a contractual arrangement whereby the credit quality of a position in a securitisation is improved in relation to what it would have been if the enhancement had not been provided, including the enhancement provided by more junior tranches in the securitisation and other types of credit protection;

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No text uses this concept on 12/11/2026.