credit protection agreement

Definitions over time (1)

09/04/2021 – today applies on 12/11/2026 Article 2, Securitisation Regulation Scope: Whole act

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

‘credit protection agreement’ means an agreement concluded between the originator and the investor to transfer the credit risk of securitised exposures from the originator to the investor by means of credit derivatives or guarantees, whereby the originator commits to pay an amount, known as a credit protection premium, to the investor and the investor commits to pay an amount, known as a credit protection payment, to the originator in the event that one of the contractually defined credit events occurs;