Article 244 › 3

For the purposes of paragraph 2, mezzanine securitisation positions means securitisation positions to which a risk weight lower than 1 250 % applies and that are more junior than the most senior position in this securitisation and more junior than any securitisation positions in this securitisation to which either of the following is assigned in accordance with Section 4: (a) in the case of a securitisation position subject to Section 3, Sub-section 3 a credit quality step 1; (b) in the case of a securitisation position subject to Section 3, Sub-section 4 a credit quality step 1 or 2.

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Source: EUR-Lex CELLAR · retrieved 2026-09-04