+Article 250 2.

Article 250 2.

A transaction shall not be considered as support for the purposes of paragraph 1 where the transaction has been duly taken into account in the assessment of significant credit risk transfer and both parties have executed the transaction acting in their own interest as free and independent parties (arm’s length). For these purposes, the institution shall undertake a full credit review of the transaction and, at a minimum, take into account all of the following items:

(a) 

the repurchase price;

(b) 

the institution’s capital and liquidity position before and after repurchase;

(c) 

the performance of the underlying exposures;

(d) 

the performance of the securitisation positions;

(e) 

the impact of support on the losses expected to be incurred by the originator relative to investors.

1. Overview

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1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards