unfunded credit protection
Definitions over time (1)
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17/04/2007 – 01/01/2014 Article 4, Directive 2006/48/EC (CRD) Scope: Whole act
For the purposes of this Directive, 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 a credit institution derives from the undertaking of a third party to pay an amount in the event of the default of the borrower or on the occurrence of other specified credit events;
Earlier definition records in this act (1)
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- Article 4(32) Historical · definitions end 17/04/2007
Used in (0 places in 0 provisions on 13/11/2026)
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