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Status: Published
Version date: 31 August 2007 - onwards
  Version 2 of 2    

prudent market value

means -

(a) in relation to a mortgage credit asset or substitution asset held or proposed to be held by a designated mortgage credit institution - the prudent market value as determined in accordance with section 41,

(ab) in relation to a commercial mortgage credit asset or substitution asset held or proposed to be held by a designated commercial mortgage credit institution - the prudent market value as determined in accordance with section 41 as applied and modified by section 41B, and

(b) in relation to a public credit asset or substitution asset held or proposed to be held by a designated public credit institution - the prudent market value as determined in accordance with section 56