unfunded credit protection

Defined in Article 4, Capital Requirements Regulation (CRR)

Uses as of 28/06/2023

Definitions over time (3)

1. 01/01/2025 – today Article 4, Capital Requirements Regulation (CRR) Scope: Whole act Also: UFCP

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

   ‘unfunded credit protection’ or ‘UFCP’ means a technique of credit risk mitigation where the reduction of the credit risk on the exposure of an institution is derived from the obligation of a third party to pay an amount in the event of the default of the obligor or the credit facility, or the occurrence of other specified credit events;

2. 25/12/2019 – 01/01/2025 applies on 28/06/2023 Article 4, Capital Requirements Regulation (CRR) Scope: Whole act

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

   ‘unfunded 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 obligation of a third party to pay an amount in the event of the default of the borrower or the occurrence of other specified credit events;

3. 28/06/2013 – 19/07/2016 Article 4, Capital Requirements Regulation (CRR) Scope: Whole act

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

   ‘unfunded 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 obligation of a third party to pay an amount in the event of the default of the borrower or the occurrence of other specified credit events;

Used in (56 places in 29 provisions on 28/06/2023)

Capital Requirements Regulation (CRR) (56 in 29)

Article 4 · Article 47a · Article 47c⁴ · Article 106² · Article 134 · Article 155³ · Article 160⁴ · Article 161² · Article 163 · Article 164 · Article 166 · Article 194² · Article 201⁴ · Article 202² · Article 203 · Article 204 · Article 204a · Article 213³ · Article 215² · Article 216 · Article 218² · Article 233³ · Article 239 · Article 245 · Article 249⁵ · Article 394² · Article 399² · Article 403 · Article 429a