automatic acceleration
Definitions over time (1)
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07/01/2020 – 09/01/2024 Article 3, Directive (EU) 2019/2162 Scope: Whole act
For the purposes of this Directive, the following definitions apply:
‘automatic acceleration’ means a situation in which a covered bond automatically becomes immediately due and payable upon the insolvency or resolution of the issuer and in respect of which the covered bond investors have an enforceable claim for repayment at a time earlier than the original maturity date;
Other definitions of this term in this act (1)
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Used in (0 places in 0 provisions on 12/11/2026)
No text uses this concept on 12/11/2026.