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+Article 20 5. |
Article 20 5.Where the transfer of the underlying exposures is performed by means of an assignment and perfected at a later stage than at the closing of the transaction, the triggers to effect such perfection shall include at least the following events:
(a)
severe deterioration in the seller credit quality standing;
(b)
insolvency of the seller; and
(c)
unremedied breaches of contractual obligations by the seller, including the seller’s default. 1. Pregled
1.1 Reference
1.2 Utvrđeni zahtjevi1.3 Povezani standardi2. Utvrđeni zahtjevi
3. Povezani standardi
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