PRU 4.14.53

Past version: effective from 21/10/2015 - 20/10/2015
To view other versions open the versions tab on the right

An Authorised Person which is the Originator of a Revolving Securitisation that includes economic triggers for Early Amortisation may regard the Exposures as transferred for the period up to the point of repayment, provided that:

(a) during the amortisation period there is full sharing of interest, principal, expenses, losses and recoveries; and
(b) the Authorised Person's risk management system provides warning indicators when economic or non-economic triggers may be activated.