Preamble
Recitals 14
Chapter I - DEFINITIONS AND EXPOSURE TO THE RISK OF A SECURITISATION (Article 1) 1
Chapter II - EXPOSURE TO THE CREDIT RISK OF A SECURITISATION POSITION (Article 2) 1
Chapter III - RETENTION OF NET ECONOMIC INTEREST (Article 3-14) 12
Chapter IV - DUE DILIGENCE REQUIREMENTS FOR INSTITUTIONS BECOMING EXPOSED TO A SECURITISATION POSITION (Article 15-20) 6
Chapter V - REQUIREMENTS FOR ORIGINATORS, SPONSORS AND ORIGINAL LENDERS (Article 21-23) 3
Chapter VI - FINAL PROVISIONS (Article 24) 1
Amending acts 1
- Commission Delegated Regulation (EU) 2015/1798from 28/10/2015not in force

Vertical tranche

Definitions over time (1)

28/10/2015 – today applies on 11/11/2026 Article 1, Commission Delegated Regulation (EU) No 625/2014 Scope: Whole act

For the purposes of this Regulation the following definitions apply:

‘Vertical tranche’ means a tranche which exposes the holder of the tranche to the credit risk of each issued tranche of the securitisation transaction on a pro-rata basis.

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