Related provisions for BIPRU 9.12.4

For an unrated position the supervisory formula method must be used except where a firm uses the ABCP internal assessment approach.[Note:BCD Annex IX Part 4 point 39]

Subject to any IRB permission of the type described in BIPRU 9.12.28 G, in the case of an originator or sponsor unable to calculate KIRB and which has not obtained approval to use the ABCP internal assessment approach, and in the case of other firms where they have not obtained approval to use the supervisory formula method or, for positions in ABCP programmes, the ABCP internal assessment approach, a risk weight of 1250% must be assigned to securitisation positions which are