+Article 24 19.

Article 24 19.

Where an ABCP transaction is a revolving securitisation, the transaction documentation shall include triggers for termination of the revolving period, including at least the following:

(a) 

a deterioration in the credit quality of the underlying exposures to or below a predetermined threshold; and

(b) 

the occurrence of an insolvency-related event with regard to the seller or the servicer.

1. Overview

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1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards