Entire Section

  • PIB 4.14.57 PIB 4.14.57

    In regard to securitisation positions subject to an Early Amortisation clause, the Credit RWA amounts for an Authorised Firm acting as the Originator are calculated as the product of the following:

    (a) the investors' interest
    (b) the appropriate CCF (in accordance with the table in PIB Rule 4.14.61); and
    (c) the appropriate risk weight for the underlying Exposure type.
    Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]

    • PIB 4.14.57 Guidance

      In relation to PIB Rule 4.14.57(c), the Authorised Firm should also consider whether a line, or facility, is committed or uncommitted. A line is considered to be uncommitted if it is unconditionally cancellable without prior notice by the Authorised Firm. They also differ according to whether the Securitised Exposures are committed retail credit lines or credit lines (such as revolving credit facilities).

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