(xx)

the following points are inserted: ; “commercial immovable property” means any immovable property that is not residential property; “income producing real estate exposure” or “IPRE exposure” means an exposure secured by one or more residential properties or commercial immovable properties where the fulfilment of the credit obligations related to the exposure materially depends on the cash flows generated by those immovable properties securing that exposure, rather than on the capacity of the obligor to fulfil the credit obligations from other sources; the primary source of such cash flows being lease or rental payments, or proceeds from the sale of the residential property or commercial immovable property; “non-income-producing real estate exposure” or “non-IPRE exposure” means any exposure secured by one or more residential properties or commercial immovable properties that is not an IPRE exposure; “exposure secured by residential property” or “exposure secured by a mortgage on residential property” means an exposure secured by residential property or an exposure regarded as such in accordance with Article 108(4); “exposure secured by commercial immovable property” or “exposure secured by a mortgage on commercial immovable property” means an exposure secured by a commercial immovable property; “exposure secured by immovable property” or “exposure secured by a mortgage on immovable property”, or “exposure secured by immovable property collateral” means an exposure secured by a residential property or commercial immovable property or an exposure regarded as such in accordance with Article 108(4);’

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Source: EUR-Lex CELLAR · retrieved 2026-09-04 · Text as adopted (Official Journal); later amendments are not incorporated in this text.