6.

The transaction documentation shall include appropriate early amortisation provisions or triggers for termination of the revolving period where the securitisation is a revolving securitisation, including at least the following: a deterioration in the credit quality of the underlying exposures to or below a predetermined threshold; the occurrence of an insolvency-related event with regard to the originator or the servicer; the value of the underlying exposures held by the SSPE falls below a predetermined threshold (early amortisation event); and a failure to generate sufficient new underlying exposures that meet the predetermined credit quality (trigger for termination of the revolving period).

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Source: EUR-Lex (Cellar) · retrieved 2026-10-12 · Text as adopted (Official Journal); later amendments are not incorporated in this text.