76. The verification should include a check of the originator’s database or IT systems against the …

The verification should include a check of the originator’s database or IT systems against the credit protection agreement and related documentation in order to confirm that the occurrence of a credit event would trigger a credit protection payment by the investor where losses on the underlying exposure subject to a credit event would be assigned to the protected tranche(s) with respect to the exposures which are subject to the verification. Where this verification is not possible using the originator’s dat abase or IT systems, the party executing the verification should check other types of documents or records to perform the verification.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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