21. For the purposes of Article 20(8) of Regulation (EU) 2017/2402, exposures with defined periodic …

For the purposes of Article 20(8) of Regulation (EU) 2017/2402, exposures with defined periodic payment streams should include:

• (a) exposures payable in a single instalment in the case of revolving securitisation, as referred to in Article 20(12) of Regulation (EU) 2017/2402;
• (b) exposures related to credit card facilities;
• (c) exposures with instalments consisting of interest and where the principal is repaid at the maturity, including interest-only mortgages;
• (d) exposures with instalments consisting of interest and repayment of a portion of the principal, where either of the following conditions is met:
• (i) the remaining principal is repaid at the maturity;
• (ii) the repayment of the principal is dependent on the sale of assets securing the exposure, in accordance with Article 20(13) of Regulation (EU) 2017/2402 and paragraphs 47 to 49;
• (e) exposures with temporary payment holidays as contractually agreed between the debtor and the lender.

4.4 Underwriting standards, originator’s expertise (Article 20(10))

Similar exposures

1. Overview

1.1 References

• Article 20 8.
• Article 20 12.
• Article 20 13.

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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