BANK 4.6.3 Guidance

The Regulatory Authority would treat as securitisations other structures designed to finance assets that are legally transferred to a scheme by packaging them into tradeable securities secured on the assets and serviced from their related cash flows.

Funded credit derivatives would include credit-linked notes, and unfunded credit derivatives would include credit default swaps.

Inserted by QFCRA RM/2017-2 (as from 1st April 2017).