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+Article 26b 12. |
Article 26b 12.Debtors shall, at the time of the inclusion of the underlying exposures, have made at least one payment, except where:
(a)
the securitisation is a revolving securitisation, backed by exposures payable in a single instalment or having a maturity of less than one year, including without limitation monthly payments on revolving credits; or
(b)
the exposure represents the refinancing of an exposure that is already included in the transaction. 1. Overview
1.1 References
1.2 Identified Requirements1.3 Related Standards2. Identified Requirements
3. Related Standards
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