+Definitions
---+8. Unless otherwise specified, terms used and defined in Directive 2014/59/EU and in the EBA …

Definitions

Definitions

1. Overview

,
Summary Regulation
8. Unless otherwise specified, terms used and defined in Directive 2014/59/EU and in the EBA …

Unless otherwise specified, terms used and defined in Directive 2014/59/EU and in the EBA Guidelines on improving resolvability for institutions and resolution authorities under articles 15 and 16 of Directive (Resolvability Guidelines)6 have the same meaning in these guidelines.

Exchange mechanicOperational steps necessary to execute the write down and conversion of relevant capital instrument or the use of the bail-in tool. A financial instrument issued for the purpose of allowing a conversion from capital instruments and bail-inable liabilities into that instrument, as a first
Interim instrumentstep in the bail-in process and meant to be converted/exchanged after definitive valuation into a definitive instrument, most likely an equity security.

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements
Source Requirement

3. Related Standards

Standards
Source Requirement
  • EBA - Published by the European Banking Authority at https://www.eba.europa.eu/