conversion rate
Defined in Article 2, Bank Recovery and Resolution Directive (BRRD)
Definitions over time (1)
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20/07/2017 – today applies on 13/11/2026 Article 2, Bank Recovery and Resolution Directive (BRRD) Scope: Whole act
For the purposes of this Directive the following definitions apply:
‘conversion rate’ means the factor that determines the number of shares or other instruments of ownership into which a liability of a specific class will be converted, by reference either to a single instrument of the class in question or to a specified unit of value of a debt claim;
Earlier definition records in this act (1)
Open an entry to see its definitions, dates and uses. Separate scopes and histories are kept intact.
- Article 2(1)(75) Historical · definitions end 20/07/2017