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PIB 4.14.24

Where Credit Risk mitigation is applied to a specific Exposure within a securitisation the Authorised Firm must treat the Exposure as unrated, and then use the mitigation as set out in PIB section 4.13 should the Rules contained in that section apply.

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