unconditionally cancellable commitment

Defined in Article 5, Capital Requirements Regulation (CRR)

Definitions over time (1)

1. 09/07/2024 – today applies on 10/11/2026 Article 5, Capital Requirements Regulation (CRR) Scope: Part III Title II

   For the purposes of Part Three, Title II, the following definitions shall apply:

   ‘unconditionally cancellable commitment’ means any commitment the terms of which permit the institution to cancel that commitment to the full extent allowable under consumer protection and related legal acts, where applicable, at any time without prior notice to the obligor or that effectively provide for automatic cancellation due to a deterioration in a borrower’s creditworthiness.

Used in (1 place in 1 provisions on 10/11/2026)

Capital Requirements Regulation (CRR) (1 in 1)

Article 111