+Article 24 20.

Article 24 20.

The transaction documentation shall clearly specify:

(a) 

the contractual obligations, duties and responsibilities of the sponsor, the servicer and the trustee, if any, and other ancillary service providers;

(b) 

the processes and responsibilities necessary to ensure that a default or insolvency of the servicer does not result in a termination of servicing;

(c) 

provisions that ensure the replacement of derivative counterparties and the account bank upon their default, insolvency and other specified events, where applicable; and

(d) 

how the sponsor meets the requirements of Article 25(3).

1. Ħarsa ġenerali

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1.1 Referenzi

1.2 Rekwiżiti identifikati

1.3 Standards relatati

2. Rekwiżiti identifikati

Rekwiżiti

3. Standards relatati

Standards