STS securitisation definition
Examples of STS securitisation in a sentence
The securitisation transaction described in this Prospectus is intended to qualify as an STS securitisation within the meaning of article 18 of the Securitisation Regulation.
No assurance can be provided that the securitisation transaction described in this Prospectus does or continues to qualify as an STS securitisation under the Securitisation Regulation at any point in time in the future.
The ‘securitisation » Ability to benefit from STS securitisation regime: It appears that the availability of the STS securitisation regime will be limited to deals where each of the issuer, originator and sponsor is established in the EU.
No assurance can be provided that the Securitisation does or will continue to qualify as an STS securitisation under the EU Securitisation Regulation as at the date of this Prospectus or at any point in time in the future.
Investors should also note that, where the Securitisation is designated as a "STS securitisation", such designation of the Securitisation as a "STS securitisation" is not an assessment by any party as to the creditworthiness of such Securitisation but is instead a reflection that specific requirements of the EU Securitisation Regulation have been met as regards to compliance with Articles 19 to 22 of the EU Securitisation Regulation (the "STS Requirements").
It should also be noted that technical standards have been developed under the EU Securitisation Regulation in connection with the EMIR regime, specifying, among other things, (a) an exemption from clearing obligations, and (b) a partial exemption from the collateral exchange obligations for non-cleared OTC derivatives, in each case for STS securitisation swaps (subject to satisfaction of the relevant conditions).
The Securitisation is intended to qualify as a simple, transparent and standardised securitisation ("STS securitisation") within the meaning of Article 18 of the EU Securitisation Regulation.
The text of the Regulation that will amend the CRR to provide for a more risk-sensitive approach to the regulatory treatment +▇▇▇ ▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇▇.▇▇▇▇▇@▇▇▇▇▇▇▇▇▇.▇▇▇ of STS securitisation compliance, of STS securitisations will be finalised the liability for ensuring such compliance will remain with originators, sponsors, original lenders and securitisation special purpose entities.
None of the Issuer, the Issuer Administrator, the Seller, the Joint Lead Managers, the Arrangers, the Security Trustee, the Servicer or any of the other transaction parties makes any representation or accepts any liability for the securitisation transaction described in this Prospectus to qualify as an STS securitisation under the Securitisation Regulation at any point in time in the future.
None of the Issuer, the Arranger, the Seller, the Servicer, the Joint Lead Managers nor any other Transaction Party nor any other person makes any representation or warranty or accepts any liability in relation to whether the Securitisation qualifies as an STS securitisation under the EU Securitisation Regulation as at the date of this Prospectus or at any point in time.