Versions

 

PIB A4.2.2 Guidance

Eligible Servicer cash advance facilities refers to undrawn Servicer cash advances or facilities that are contractually provided for and unconditionally cancellable without prior notice, so long as the Servicer is entitled to full reimbursement and this right is senior to other claims on cash flows from the underlying Exposures.

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