Securitisation definition

Securitisation means a transaction or scheme, whereby the credit risk associated with an exposure or pool of exposures is tranched, having both of the following characteristics:

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Securitisation means any securitisation (Shari’ah compliant or otherwise) of existing or future assets and/or revenues, provided that (a) any Security Interest given by the Issuer in connection therewith is limited solely to the assets and/or revenues which are the subject of the securitisation; (b) each Person participating in such securitisation expressly agrees to limit its recourse to the assets and/or revenues so securitised as the principal source of repayment for the money advanced or payment of any other liability; and (c) there is no other recourse to the Issuer in respect of any default by any Person under the securitisation.

Securitisation means a transaction or scheme, whereby the credit risk associated with an exposure or a pool of exposures is tranched, having all of the following characteristics: (a) payments in the transaction or scheme are dependent upon the performance of the exposure or of the pool of exposures; (b) the subordination of tranches determines the distribution of losses during the ongoing life of the transaction or scheme; (c) the transaction or scheme does not create exposures which possess all of the characteristics listed in Article 147(8) of Regulation (EU) No 575/2013;

Examples of Securitisation in a sentence

Notwithstanding anything stated in this Agreement, the Lender is authorized to take all actions under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security ▇▇▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇ (“SARFAESI Act”), and/or under debt recovery tribunals and/or under National Company Law Tribunal or at any other forum permitted by the Indian judiciary system from time to time.
The Issuer is the trustee, and the SF Manager is the manager, of the Securitisation Fund.
The Issuer was established as a public company (société anonyme) incorporated with limited liability under the Luxembourg Securitisation Law on 8 August 2014 for the purposes of asset-backed securitisation.
The Issuer was established as a regulated securitisation undertaking under the Securitisation ▇▇▇ ▇▇▇▇ in order to offer securities in accordance with the provisions of such act and is authorised and supervised by the CSSF.
In general, the Issuer may take any controlling and supervisory measures and carry out any operation or transaction which it considers necessary or useful in the accomplishment and development of its corporate objects to the largest extent permitted under the Securitisation ▇▇▇ ▇▇▇▇.

More Definitions of Securitisation

Securitisation means securitisation as defined in point (61) of Article 4(1) of Regulation (EU) No 575/2013;

Securitisation means any securitisation of existing or future assets and/or revenues, provided that:

Securitisation means any securitisation (Shari'a-compliant or otherwise) of existing or future assets and/or revenues, provided that: (a) any Security Interest given by the Issuer in connection therewith is limited solely to the assets and/or revenues which are the subject of the securitisation;

Securitisation means a securitisation within the meaning of Article 4(36) of Directive 2006/48/EC;

Securitisation means a securitisation as defined in point (1) of Article 2 of Regulation (EU) 2017/2402;

Securitisation means securitisation as defined in Article 4(1)(61) of Regulation 575/2013 10 ;

Securitisation means securitisation as defined in Article 2(1) of [Securitisation Regulation];