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  • PIB 4.14.53 PIB 4.14.53

    An Authorised Firm which is the Originator of a Revolving Securitisation that includes economic triggers for Early Amortisation may regard the Exposures as transferred for the period up to the point of repayment, provided that:

    (a) during the amortisation period there is full sharing of interest, principal, expenses, losses and recoveries; and
    (b) the Authorised Firm's risk management system provides warning indicators when economic or non-economic triggers may be activated.
    Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]

    • PIB 4.14.53 Guidance

      Examples of such triggers include tax events, legal changes resulting in an Authorised Firm's non-performance in its role as a servicing agent, and triggers relating to the insolvency of the Originator.

      Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]