96. For the purposes of Article 26e(7), point (a), of Regulation (EU) 2017/2402, the term ‘ fixed …

For the purposes of Article 26e(7), point (a), of Regulation (EU) 2017/2402, the term ‘ fixed synthetic excess spread ’ refers to the amount of the synthetic excess spread that the originator commits to using as credit enhancement every period. This amount is expressed as the product of a fixed percentage of the outstanding performing portfolio balance every period.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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