Article 3
Common provisions
1. For the purposes of this Regulation, the term:
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(a) |
‘seller of purchased receivables’ and ‘seller’ shall, in provisions of Regulation (EU) No 575/2013 that relate to purchased receivables and provided there is a SSPE, be read as ‘originator’; |
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(b) |
‘purchasing institution’ in Article 154(7), Article 162(2), point (e), and Article 179(1), point (e), of Regulation (EU) No 575/2013 shall be read as ‘institution calculating KIRB in accordance with Article 255(4) of this Regulation’; |
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(c) |
‘institution’s exposures and standards’ in Article 179(1), point (d), of Regulation (EU) No 575/2013 shall be read as ‘securitised exposures and standards applied to those exposures’; |
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(d) |
‘type of exposures’ in Article 142(1), point (2), of Regulation (EU) No 575/2013 shall be read as groups of securitised exposures that would have been homogeneously managed by the institution calculating KIRB if they had not been securitised. |
2. For pools of non-homogeneous securitised exposures, institutions calculating KIRB in accordance with this Regulation may need to split such pools into sub-pools of homogeneous securitised exposures to determine the risk-weighted exposure amount separately for each sub-pool for the calculation of KIRB in accordance with Article 255(4) of Regulation (EU) No 575/2013. References to ‘pools’ in this Regulation shall be construed to include sub-pools, where appropriate.