4. For synthetic securitisations, any option granted to securitisation investors or credit …

For synthetic securitisations, any option granted to securitisation investors or credit protection providers that is only exercisable in the event of contractual breaches by other parties involved in the transaction should not be considered by competent authorities as preventing an originator institution from achieving effective risk transfer of credit risk, provided the requirements of Article 244(5)(c) of the CRR are fulfilled. All other options granted to securitisation investors or credit protection providers should be assessed by competent authorities, as they may result in additional own funds requirements due to maturity mismatches.

1. Forbhreathnú

1.1 Tagairtí

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

3. Caighdeáin ghaolmhara

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