Примери за използване на Securitisation positions на Английски и техните преводи на Български
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Investments in securitisation positions.
Credit institutions shall regularly perform their own stress tests appropriate to their securitisation positions.
The risk characteristics of the securitisation positions and of the underlying exposures.
Credit institutions shall regularly perform their own stress tests appropriate to their securitisation positions.
The amount of securitisation positions that are deducted from own funds or risk-weighted at 1 250%;
The credit spread risk factors to be applied by institutions to securitisation positions that belong to the CTP are the following.
The securitisation positions are held in the trading book of the entity referred to in point(a) for the purposes of market making activities;
The credit spread risk factors to be applied by institutions to securitisation positions that are included in the ACTP are the following.
Securitisation positions include exposures to a securitisation arising from interest rate or currency derivative contracts.
Institutions shall apply the credit spread risk factors referred to in paragraph 5 to securitisation positions that are not included in the ACTP, as referred to in Article 325(6)▌,(7) and(8).
The entity which holds the securitisation positions is established in a third country and is included in the consolidated group in accordance with Article 18 of Regulation(EU) No 575/2013;
They have internal methodologies that enable them to assess the credit risk ofexposures to individual obligors, securities or securitisation positions and credit risk at the portfolio level.
The securitisation positions are not material with respect to the overall risk profile of the trading book of the group referred to in point(a) and do not form a disproportionate share of the trading activities of the group.
The institution's approach to calculating own funds in relation to its trading portfolio results in a comprehensive andthorough understanding of the risk profile of its investment in the securitisation positions;
The credit spread risk factors to be applied by institutions to securitisation positions that do not belong to the CTP shall refer to the spread of the tranche rather than the spread of the underlying instruments and shall be the following.
Paragraph 1 shall not apply to transactions based on a clear, transparent and accessible index, where the underlying reference entities are identical to those that make up an index of entities that is widely traded, orare other tradable securities other than securitisation positions.
Securitisation positions are either held in the correlation trading portfolio and are reference instruments as referred to in Article 338(1)(b) of that Regulation or are eligible for inclusion in the correlation trading portfolio;
Institutions shall not use the approach set out in point(b)of paragraph 1 for instruments in the trading book that are securitisation positions or positions included in the CTP as defined in paragraphs 7 to 9 of Article 104.
The retainer may use any retained exposures or securitisation positions as collateral for secured funding purposes, as long as such use does not transfer the credit risk of these retained exposures or securitisation positions to a third party.
This goal is achieved, through the addition of a paragraph to Article 268(as modified by Regulation(EU) 2017/2401),by extending to all tranches of SBBSs issues the look-through approach granted to the exposure to securitisation positions in the calculation of capital requirements.
Institutions shall ensure that any material change increasing the risk profile of the securitisation positions in their trading book and non-trading book is reflected by an appropriate change in their due diligence procedures as regards those securitisation positions. .
Where an institution acts as a credit derivative counterparty or as a counterparty providing the hedge or as a liquidity facility provider with regard to a securitisation transaction, it shall be deemed to become exposed to the credit risk of a securitisation position when the derivative, the hedge orthe liquidity facility assumes the credit risk of the securitised exposures or the securitisation positions.
Institutions shall not use the approach set out in point(b)of paragraph 3 for instruments in their trading book that are securitisation positions or positions included in the alternative correlation trading portfolio(ACTP) as set out in paragraphs 6, 7 and 8.
Where the underlying exposures are themselves securitisation positions, credit institutions shall have the information set out in this subparagraph not only on the underlying securitisation tranches, such as the issuer name and credit quality, but also on the characteristics and performance of the pools underlying those securitisation tranches.
Institutions should have a choice whether to apply a capital requirement to or deduct from own funds those securitisation positions that receive a 1 250% risk weight under this Directive, irrespective of whether the positions are in the trading or the non-trading book.
Institutions may include in the ACTP positions that are neither securitisation positions nor nth-to-default credit derivatives but that hedge other positions in that portfolio, provided that a liquid two-way market as described in the second subparagraph of paragraph 6 exists for the instrument or its underlying instruments.
The stress tests referred to in the second subparagraph of Article 406(1) of Regulation(EU)No 575/2013, shall include all relevant securitisation positions and shall be incorporated into the stress testing strategies and processes that the institutions carry out in accordance with the internal capital adequacy assessment process specified in Article 73 of the Directive 2013/36/EU of the European Parliament and of the Council(4).
Institutions may include in the CTP positions that are neither securitisation positions nor n-th-to-default credit derivatives but that hedge other positions of that portfolio, provided that a liquid two-way market as described in the last subparagraph of paragraph 7 exists for the instrument or its underlying instruments.
The transactions referred to in Article 405(4) of Regulation(EU)No 575/2013 shall include securitisation positions in the correlation trading portfolio which are reference instruments satisfying the criterion in Article 338(1)(b) of Regulation(EU) No 575/2013 or are eligible for inclusion in the correlation trading portfolio.
Institutions may include in the ACTP positions that are neither securitisation positions nor nth-to-default credit derivatives but that hedge other positions in that portfolio, provided that a liquid two-way market as described in the second subparagraph of paragraph 6 exists for the instrument or its underlying instruments.