tranche

Definitions over time (1)

20/07/2006 – 17/04/2007 Article 4, Directive 2006/48/EC (CRD) Scope: Whole act

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

‘tranche’ means a contractually established segment of the credit risk associated with an exposure or number of exposures, where a position in the segment entails a risk of credit loss greater than or less than a position of the same amount in each other such segment, without taking account of credit protection provided by third parties directly to the holders of positions in the segment or in other segments;

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No text uses this concept on 12/11/2026.