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Article 192 - Definitions

Article 192

Definitions

For the purposes of this Chapter, the following definitions shall apply:

(1) 

lending institution’ means the institution which has the exposure in question;

(2) 

secured lending transaction’ means any transaction giving rise to an exposure secured by collateral which does not include a provision conferring upon the institution the right to receive margin at least daily;

(3) 

capital market-driven transaction’ means any transaction giving rise to an exposure secured by collateral which includes a provision conferring upon the institution the right to receive margin at least daily;

(4) 

underlying CIU’ means a CIU in the shares or units of which another CIU has invested.

In force

Version from: 08/07/2022

Amendment History