+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. Prezentare generală

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1.1 Referințe

1.2 Cerințe identificate

1.3 Standarde asociate

2. Cerințe identificate

Cerințe

3. Standarde asociate

Standarde