+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. Forbhreathnú

,

1.1 Tagairtí

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

Ceanglais

3. Caighdeáin ghaolmhara

Caighdeáin