Versions

 

PIB 4.14.59

For uncommitted retail credit lines in securitisations containing Controlled Early Amortisation which is triggered by the Excess Spread level falling to a specified level, an Authorised Firm must compare the three month average Excess Spread level with the Excess Spread levels at which the Excess Spread is required to be trapped.

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