+Article 26c 6.

Article 26c 6.

The transaction documentation shall include appropriate early amortisation provisions or triggers for termination of the revolving period, where a securitisation is a revolving securitisation, including at least the following:

(a) 

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

(b) 

a rise in losses above a predetermined threshold;

(c) 

a failure to generate sufficient new underlying exposures that meet the predetermined credit quality during a specified period.

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