13. Where the transaction is carried out by an originator institution which has transferred …

Where the transaction is carried out by an originator institution which has transferred significant credit risk associated with the underlying exposures of the securitisation in accordance with Article 243 or Article 244 of Regulation (EU) No 575/2013, the transaction should be considered as not being structured to provide support if it meets the following conditions:

• (a) the transaction is executed:
• i. at arm’s length conditions, in accordance with paragraph 15; or
• ii. on conditions which are more favourable to the originator institution than arm’s length conditions; and
• (b) either (i) the securitisation continues to meet the conditions for significant risk transfer as set out in Article 243 of Regulation (EU) No 575/2013 or, as the case may be, Article 244 of the Regulation, in accordance with these guidelines and with guidelines EBA/GL/2014/05 on significant risk transfer, or (ii) if such conditions are no longer met, the transaction was not entered into with a view to reducing potential or actual losses to investors.

1. Forbhreathnú

1.1 Tagairtí

• Airteagal 244 Urrúsú traidisiúnta
• Airteagal 243 Critéir le haghaidh Urrúsuithe STC a cháilíonn do láimhseáil dhifreáilte caipitil

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

3. Caighdeáin ghaolmhara

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