Latest News, Updates and Changes
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non-refundable purchase price discount
This piece of Handbook content was changed by an instrument this month.
Effective Date: 1st November 2024
non-refundable purchase price discount
102 means the difference between the outstanding balance of the exposures in the underlying pool and the price at which those exposures are sold by the originator to the SSPE , where neither the origi…
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SECN 11 Annex 8 Underlying exposures information – Leasing
This piece of Handbook content was changed by an instrument this month.
Effective Date: 1st November 2024
SECN 11 Annex 8 Underlying exposures information – Leasing
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revolving exposure
This piece of Handbook content was changed by an instrument this month.
Effective Date: 1st November 2024
revolving exposure
226 an exposure whereby borrowers’ outstanding balances are permitted to fluctuate based on their decisions to borrow and repay, up to an agreed limit.
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SECN Sch 5 Rights of action for damages
This piece of Handbook content was changed by an instrument this month.
Effective Date: 1st November 2024
SECN Sch 5 Rights of action for damages
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SECN 11 Annex 1 Classifications reporting and item codes
This piece of Handbook content was changed by an instrument this month.
Effective Date: 1st November 2024
SECN 11 Annex 1 Classifications reporting and item codes
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non-performing exposure
This piece of Handbook content was changed by an instrument this month.
Effective Date: 1st November 2024
non-performing exposure
102 an exposure that meets any of the conditions set out in Article 47a(3) of the UK CRR .
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SECN 12 Annex 3 Underlying exposures template – Commercial real estate
This piece of Handbook content was changed by an instrument this month.
Effective Date: 1st November 2024
SECN 12 Annex 3 Underlying exposures template – Commercial real estate
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SECN 6.1 Application
This piece of Handbook content was changed by an instrument this month.
Effective Date: 1st November 2024
SECN 6.1 Application
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SECN 11 Annex 9 Underlying exposures information – Esoteric
This piece of Handbook content was changed by an instrument this month.
Effective Date: 1st November 2024
SECN 11 Annex 9 Underlying exposures information – Esoteric
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resecuritisation
This piece of Handbook content was changed by an instrument this month.
Effective Date: 1st November 2024
resecuritisation
226 a securitisation where at least one of the underlying exposures is a securitisation position .
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SECN 12 Annex 4 Underlying exposures template – Corporate
This piece of Handbook content was changed by an instrument this month.
Effective Date: 1st November 2024
SECN 12 Annex 4 Underlying exposures template – Corporate
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reporting entity
This piece of Handbook content was changed by an instrument this month.
Effective Date: 1st November 2024
reporting entity
226 the entity designated in accordance with the SECN 6.3.1R(1) .
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first loss tranche
This piece of Handbook content was changed by an instrument this month.
Effective Date: 1st November 2024
first loss tranche
150 the most subordinated tranche in a securitisation that is the first tranche to bear losses incurred on the securitised exposures and thereby provides protection to the second loss and, where relev…
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SECN 12 Annex 5 Underlying exposures template – Automobile
This piece of Handbook content was changed by an instrument this month.
Effective Date: 1st November 2024
SECN 12 Annex 5 Underlying exposures template – Automobile
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SECN 3.1 Application
This piece of Handbook content was changed by an instrument this month.
Effective Date: 1st November 2024
SECN 3.1 Application
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ABCP transaction
This piece of Handbook content was changed by an instrument this month.
Effective Date: 1st November 2024
ABCP transaction
180 has the meaning in regulation 3(1) of the Securitisation Regulations 2024 .
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FCA investment firm
This piece of Handbook content was changed by an instrument this month.
Effective Date: 1st November 2024
FCA investment firm
150 (in SECN ) has the meaning given in Article 4(1)(2AB) of the UK CRR .
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STS securitisation
This piece of Handbook content was changed by an instrument this month.
Effective Date: 1st November 2024
STS securitisation
223 has the meaning in regulation 3(1) of the Securitisation Regulations 2024 .
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liquidity facility
This piece of Handbook content was changed by an instrument this month.
Effective Date: 1st November 2024
liquidity facility
104 the securitisation position arising from a contractual agreement to provide funding to ensure timeliness of cash flows to investors .
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SECN 11 Annex 4 Underlying exposures information – Corporate
This piece of Handbook content was changed by an instrument this month.
Effective Date: 1st November 2024
SECN 11 Annex 4 Underlying exposures information – Corporate
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