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  • Dealing

    • PIB 4.14.65

      An Originator dealing in Securities which would attract a Credit Quality Grade of 4 or better and issued by an SPE must deduct any holdings in such Securities from its CET1 Capital unless the holding is subject to:

      (a) an ongoing limit of 3% of the Securities issued; and
      (b) a limit of 10% of the Securities issued for a period of five business days:
      (i) immediately following close of the transaction; or
      (ii) in the case of Revolving Securitisations only, at the beginning of the scheduled amortisation period.
      Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]

    • PIB 4.14.66

      An Authorised Firm acting as the Originator and holding in excess of the dealing limits in PIB Rule 4.14.65 must either:

      (a) where the holding is less than 10%, deduct from its CET1 Capital the excess over the dealing limit; or
      (b) where the holding is greater than 10%, regard the transferred risks associated with the items as being back on its balance sheet.
      Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]

    • PIB 4.14.67

      An Authorised Firm acting as the Originator must not deal in the Securities during the amortisation period.

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

    • PIB 4.14.68

      An Authorised Firm acting as the Sponsor dealing in the Securities issued by the SPE must include these Securities in the calculation of its Credit RWAs.

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

    • PIB 4.14.69

      An Authorised Firm involved in Synthetic Securitisations must seek individual guidance on a case-by-case basis from the DFSA regarding the regulatory treatment of such transactions.

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