• CCFs for off-balance sheet SE Exposures

    • PRU A4.2.2 PRU A4.2.2

      (1) The applicable CCFs for off-balance sheet SE Exposures are provided in the table below.

        Description of off-balance sheet item CCF
      (a) Unrated eligible liquidity facilities 50%
      (b) Eligible Servicer cash advance facilities 0%
      (c) Others 100%
      (2) An Authorised Person must notify the Regulator if it intends to provide eligible Servicer cash advance facilities and when there is a drawdown.

      • Guidance

        Eligible Servicer cash advance facilities refers to undrawn Servicer cash advances or facilities that are contractually provided for and unconditionally cancellable without prior notice, so long as the Servicer is entitled to full reimbursement and this right is senior to other claims on cash flows from the underlying Exposures.