Article 10
Eligibility for the retail treatment of retail qualifying securitised exposures
For the purposes of this Regulation, for retail qualifying securitised exposures to be eligible for the risk quantification standards for retail exposures as set out in Part Three, Title II, Chapter 3, Section 6, of Regulation (EU) No 575/2013, all of the following requirements shall be met instead of the requirements laid down in Article 154(5) of that Regulation:
|
(a) |
the qualifying securitised exposures have been generated on an arm’s-length basis between the originator and the obligor and, accordingly, those exposures do not contain inter-company accounts receivables and receivables subject to contra-accounts between firms that buy and sell to each other; |
|
(b) |
the SSPE, or the institution calculating KIRB, have a claim on all proceeds from the qualifying securitised exposures or a pro-rata interest in those proceeds; |
|
(c) |
the pool of qualifying securitised exposures is sufficiently diversified. |