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+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. Vue d’ensemble
1.1 Références1.2 Exigences identifiées1.3 Normes associées2. Exigences identifiées
3. Normes associées
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