BANK 4.6.6 Guidance

1 In relation to a programme that acquires exposures from third parties, a banking business firm would generally be considered a sponsor (and, therefore, an originator) if the firm, in fact or in substance, manages or advises the programme, places securities into the market, provides a liquidity facility or provides a credit enhancement.
2 Acts of management would include handling related taxes, managing escrow accounts, remitting payments and obtaining insurance.
Inserted by QFCRA RM/2017-2 (as from 1st April 2017).