EBU Single Rulebook Q&A 26 May 2015 2015_2019 Definition of encumbrance relating to retained interest of the issuer of securitisations

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European Union · · · 04-08-2017

Does the ‘underlying retained securities’ of a securitization position include retained interest of the issuer as defined in article 405 of CRR? Does the retained interest of the issuer shall be considered as encumbered? According to ITS Asset encumbrance, General instructions Point 1.

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