STS Report definition
STS Report means a report compiled by PCS regarding a securitisation and setting out whether, in PCS’ opinion, the securitisation complies with the STS requirements as set out in the STS Regulation but is not an STS Verification;
STS Report means a report provided by PCS to the Applicant in respect of a specified Transaction and setting out whether, in the opinion of PCS (and subject to all the caveats appearing in the Disclaimer Section) the Transaction would – had it been completed after January 1st, 2019 – be eligible for the STS Status together with any commentary by PCS regarding (a) the STS criteria as they relate to the Transaction,
Examples of STS Report in a sentence
You agree to cooperate with BSN in any such audit, including running and providing the results of the STS Report described above if requested.