Article 201
Eligibility of protection providers under all approaches
Institutions may use the following parties as eligible providers of unfunded credit protection:
central governments and central banks;
regional governments or local authorities;
multilateral development banks;
international organisations to which a 0 % risk weight is assigned in accordance with in Article 118;
public sector entities, claims on which are treated in accordance with Article 116;
institutions, and financial institutions for which exposures to the financial institution are treated as exposures to institutions in accordance with Article 119(5);
where the credit protection is not provided to a securitisation exposure, other undertakings, that have a credit assessment by a nominated ECAI, including parent undertakings, subsidiaries or affiliated entities of the obligor where a direct exposure to those parent undertakings, subsidiaries or affiliated entities has a lower risk weight than the exposure to the obligor;
For the purposes of the first subparagraph, point (fa), of this Article, ‘regulated financial sector entity’ means a financial sector entity meeting the condition set out in Article 142(1), point (4)(b).