ABCP programme — an asset backed commercial paper programme or ABCP programme as defined in point (7) of Article 2 of Regulation (EU) 2017/2402; (12) “asset-backed commercial paper transaction” or (9)

ABCP transaction — an asset-backed commercial paper transaction or ABCP transaction as defined in point (8) of Article 2 of Regulation (EU) 2017/2402 (9)

asset-backed commercial paper programme — borrowed from another act; this instrument states no meaning of its own (9)

asset-backed commercial paper transaction — borrowed from another act; this instrument states no meaning of its own (9)

clean-up call option — a contractual option that entitles the originator to call the securitisation positions before all of the securitised exposures have been repaid, either by repurchasing the underlying exposures remaining in the pool in the case of traditional securitisations or by terminating the credit protection in the case of synthetic securitisations, in both cases when the amount of outstanding underlying exposures falls to or below certain pre-specified level (9)

credit-enhancing interest-only strip — an on-balance sheet asset that represents a valuation of cash flows related to future margin income and is a subordinated tranche in the securitisation (9)

early amortisation provision — borrowed from another act; this instrument states no meaning of its own (9)

first loss tranche — borrowed from another act; this instrument states no meaning of its own (9)

IRB pool — a pool of underlying exposures of a type in relation to which the institution has permission to use the IRB Approach and is able to calculate risk- weighted exposure amounts in accordance with Chapter 3 for all of these exposures (9)

liquidity facility — borrowed from another act; this instrument states no meaning of its own (9)

mezzanine securitisation position — a position in the securitisation which is subordinated to the senior securitisation position and more senior than the first loss tranche, and which is subject to a risk weight lower than 1250 % and higher than 25 % in accordance with Subsections 2 and 3 of Section 3 (9)

mixed pool — a pool of underlying exposures of a type in relation to which the institution has permission to use the IRB Approach and is able to calculate risk- weighted exposure amounts in accordance with Chapter 3 for some, but not all, of the exposures (9)

original lender — borrowed from another act; this instrument states no meaning of its own (b)

originator — an originator as defined in point (3) of Article 2 of Regulation (EU) 2017/2402 Regulation (EU) 2017/2402 of the European Parliament and of the Council of 12 December 2017 laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation, and amending Directives 2009/65/EC, 2009/138/EC, 2011/61/EU and Regulations (EC) No 1060/2009 and (EU) No 648/2012 (OJ L 347, 28.12.2017, p. 35).’ (a)

overcollateralisation — any form of credit enhancement by virtue of which underlying exposures are posted in value which is higher than the value of the securitisation positions; (10) “simple, transparent and standardised securitisation” or (9)

promotional entity — any undertaking or entity established by a Member State’s central, regional or local government, which grants promotional loans or grants promotional guarantees, whose primary goal is not to make profit or maximise market share but to promote that government’s public policy objectives, provided that, subject to State aid rules, that government has an obligation to protect the economic basis of the undertaking or entity and maintain its viability throughout its lifetime, or that at least 90 % of its original capital or funding or the promotional loan it grants is directly or indirectly guaranteed by the Member State’s central, regional or local government. Article 243 Criteria for STS securitisations qualifying for differentiated capital treatment 1. Positions in an ABCP programme or ABCP transaction that qualify as positions in an STS securitisation shall be eligible for the treatment set out in Articles 260, 262 and 264 where the following requirements are met: (a) the underlying exposures meet, at the time of their inclusion in the ABCP programme, to the best knowledge of the originator or the original lender, the conditions for being assigned, under the Standardised Approach… (9)

rated position — a securitisation position which has an eligible credit assessment in accordance with Section 4 (9)

resecuritisation — borrowed from another act; this instrument states no meaning of its own (c)

revolving exposure — borrowed from another act; this instrument states no meaning of its own (9)

securitisation — borrowed from another act; this instrument states no meaning of its own (c)

securitisation position — borrowed from another act; this instrument states no meaning of its own (c)

securitisation special purpose entity — borrowed from another act; this instrument states no meaning of its own (d)

senior securitisation position — a position backed or secured by a first claim on the whole of the underlying exposures, disregarding for these purposes amounts due under interest rate or currency derivative contracts, fees or other similar payments, and irrespective of any difference in maturity with one or more other senior tranches with which that position shares losses on a pro-rata basis (9)

servicer — borrowed from another act; this instrument states no meaning of its own (e)

simple, transparent and standardised securitisation — borrowed from another act; this instrument states no meaning of its own (9)

sponsor — borrowed from another act; this instrument states no meaning of its own (a)

SSPE — a securitisation special purpose entity or SSPE as defined in point (2) of Article 2 of Regulation (EU) 2017/2402 (d)

STS securitisation — a securitisation that meets the requirements set out in Article 18 of Regulation (EU) 2017/2402; (11) “asset-backed commercial paper programme” or (9)

synthetic securitisation — borrowed from another act; this instrument states no meaning of its own (9)

traditional securitisation — borrowed from another act; this instrument states no meaning of its own (9)

tranche — borrowed from another act; this instrument states no meaning of its own (d)

unrated position — a securitisation position which does not have an eligible credit assessment in accordance with Section 4 (9)