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Status: You are viewing the version of the handbook as on 2016-10-03.

early amortisation provision


      1. (1) (in BIPRU) (in accordance with Article 100 of the Banking Consolidation Directive (Securitisation of revolving exposures) and in relation to a securitisation within the meaning of paragraph (2) of the definition of securitisation) a contractual clause which requires, on the occurrence of defined events, investors' positions to be redeemed prior to the originally stated maturity of the securities issued.
      1. (2) (except in (1)) has the meaning in article 242(14) of the EU CRR.