BANK 4.6.5 Parties to securitisation
For purposes of calculating a banking business firm's capital requirements, the parties to a securitisation are the originator, the issuer and the investors.
Note 1 Depending on the securitisation structure, a banking business firm may be (or act in the capacity of) originator, issuer, investor or any 1 or more of the following:
Note 2 A banking business firm may act as sponsor of a securitisation or similar programme involving assets of a customer. As sponsor, the firm earns fees to manage or advise on the programme, place the securities with investors, provide credit enhancement or provide a liquidity facility.
|Inserted by QFCRA RM/2017-2 (as from 1st April 2017).|