115. Institutions should recognise the recoveries as stemming from collaterals in all of the …

Institutions should recognise the recoveries as stemming from collaterals in all of the following situations:

(a) the collateral is sold by the obligor and the obtained price has been used to cover parts or all of the outstanding amount of the defaulted credit obligation;
(b) the collateral is repossessed or sold by the institution, the parent undertaking or any of its subsidiaries on behalf of the institution;
(c) the collateral is sold in a public auction of the property by court order or in a similar procedure in accordance with the applicable legal framework;
(d) the credit obligation is sold together with the collateral and the sale price for the credit obligation included the existing collateral;
(e) in the case of leasing, the leasing object is sold by the institution;
(f) the collateral is realised by any other method that is eligible under the legal framework of the relevant jurisdiction.

1. Overview

Summary	Regulation

Requirements
Source	Requirement

Standards
Source	Requirement