79. For the purposes of Article 26d(2) of Regulation (EU) 2017/2402, where no notes are issued …

For the purposes of Article 26d(2) of Regulation (EU) 2017/2402, where no notes are issued under a synthetic securitisation the term prior to the closing of the transaction should be interpreted as referring to the time prior to the guarantee or credit derivative under the credit protection agreement becoming effective.

Liability cash flow model (Article 26d(3) of Regulation (EU) 2017/2402)

Precise representation of the contractual relationship

1. Overview

1.1 References

• Article 26d 2.
• Article 26d 3.

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

• EBA -

  EN: Guidelines and other publications of the European Banking Authority (EBA), https://www.eba.europa.eu/. © European Banking Authority. Reproduction is authorised provided the source is acknowledged (EBA legal notice). Divided into sections and converted into the GRCA format, the wording unchanged. Only the versions published by the EBA are authoritative.

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