Examples of Direct credit substitute in a sentence
Direct credit substitute means an ar- rangement in which a bank assumes, in form or in substance, credit risk associated with an on- or off-balance sheet credit exposure that was not previously owned by the bank (third-party asset) and the risk assumed by the bank exceeds the pro rata share of the bank’s interest in the third-party asset.
Direct credit substitute means an ar- rangement in which a bank holding company assumes, in form or in substance, credit risk associated with an on- or off-balance sheet credit exposure that was not previously owned by the bank holding company (third- party asset) and the risk assumed by the bank holding company exceeds the pro rata share of the bank holding company’s interest in the third-party asset.
Direct credit substitute means an arrangement in which a bank assumes, in form or in substance, credit risk associated with an on- or off-balance sheet credit exposure that was not previously owned by the bank (third-party asset) and the risk assumed by the bank exceeds the pro rata share of the bank’s interest in the third-party asset.
Warranties that permit the return of assets in instances of misrepresentation, fraud or incomplete documentation.(4) Direct credit substitute means an arrange- ment in which a bank assumes, in form or in substance, credit risk associated with an on- or off-balance sheet credit exposure that was not previously owned by the bank (third- party asset) and the risk assumed by the bank exceeds the pro rata share of the bank’s interest in the third-party asset.
Direct credit substitute means an ar- rangement in which an institution as- sumes, in form or in substance, credit risk directly or indirectly associated with an on-or off-balance sheet asset or exposure that was not previously owned by the institution (third-party asset) and the risk assumed by the in- stitution exceeds the pro rata share of the institution’s interest in the third- party asset.