Secondary role definition
Secondary role. – means an additional function that is performed by an identified role player in support of a primary role player.
Secondary role means the participation by an institution within the banking group or any entity in a traditional or synthetic securitization scheme, as a provider of a credit- enhancement facility, a provider of liquidity facility, as an underwriter, as a purchaser of senior commercial paper, as a servicing agent or as a counterparty to a transaction included in the trading book of the banking institution.
Secondary role means the participation by an institution in a traditional or synthetic securitisation scheme, as a provider of a credit-enhancement facility, a provider of a liquidity facility, an underwriter, a purchaser of senior commercial paper, a servicing agent or a counterparty to a transaction included in the trading book of a bank;
Examples of Secondary role in a sentence
Clerks will select a Primary and Secondary role by seniority (Processing, Case Bond, or Bottling/Maintenance).