implicit support definition
implicit support means the protection arising when a lender provides support to a securitisation in excess of its predetermined contractual obligation;
implicit support means any support that a bank provides, whether directly or indirectly, to investors in a securitisation in excess of its contractual obligation with a view to make good in part or in full any losses the investors may suffer, and includes the provision of a facility, commitment or undertaking to the investors or the SPE in a securitisation except where —
implicit support means any incidental benefit, in relation to borrowing by a company, that it is reasonable to assume would arise to the company as a result of it having a participatory relationship with one or more other companies.”, and
More Definitions of implicit support
implicit support means support provided by a bank or another institution within a banking group of which such a bank is a member to any party involved in a securitisation scheme in excess of a predetermined contractual obligation;
implicit support means an arrangement through which a financial organization provides support to a securitization in excess of its predetermined contractual obligation;