Version status: Applicable | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2014 - onwards
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Article 192 Definitions

For the purposes of this Chapter, the following definitions shall apply:

(1) "lending institution" means the institution which has the exposure in question;

(2) "secured lending transaction" means any transaction giving rise to an exposure secured by collateral which does not include a provision conferring upon the institution the right to receive margin at least daily;

(3) "capital market-driven transaction" means any transaction giving rise to an exposure secured by collateral which includes a provision conferring upon the institution the right to receive margin at least daily;

(4) "underlying CIU" means a CIU in the shares or units of which another CIU has invested.