4 Amendments of Burkhard BALZ related to 2015/0225(COD)
Amendment 82 #
Proposal for a regulation
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Regulation (EU) No 575/2013
Article 243 – paragraph 1
Article 243 – paragraph 1
(1) Positions in an ABCP programme shalltransaction qualifying as positions in an STS securitisation for the purpoare eligible for the treatment sest ofut in Articles 260, 262 and 264 where the following requirements are in point (a) is met:
Amendment 85 #
Proposal for a regulation
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Regulation (EU) No 575/2013
Article 243 – paragraph 1 – point a
Article 243 – paragraph 1 – point a
(a) for all transactions within the ABCP programme the underlying exposures at origination meet the conditions for being assigned, under the Standardised Approach and taking into account any eligible credit risk mitigation, a risk weight equal to or smaller than 75% on an individual exposure basis where the exposure is a retail exposure or 100% for any other exposures;
Amendment 87 #
Proposal for a regulation
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Regulation (EU) No 575/2013
Article 243 – paragraph 1 – point b
Article 243 – paragraph 1 – point b
Amendment 93 #
Proposal for a regulation
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Regulation (EU) No 575/2013
Article 243 – paragraph 1 a (new)
Article 243 – paragraph 1 a (new)
(1a) Programme-level positions in an ABCP programme qualifying as positions in an STS securitisation are eligible for the treatment set out in Articles 260, 262 and 264 where the following requirements are met: (a) the aggregated funding amount of all transactions within the ABCP programme which do not comply with the requirements in accordance with paragraph 1 does not exceed 5% of the total funding amount of the ABCP programme; (b) the aggregate exposure value of all exposures to a single obligor at ABCP programme level does not exceed 4% of the aggregate exposure value of all exposures within the ABCP programme at the time the exposures were added to the ABCP programme. For the purposes of this calculation, loans or leases to a group of connected clients as referred to in point 39 of Article 4(1) shall be considered as exposures to a single obligor. In the case of trade receivables, point (b) shall not apply where the credit risk of those trade receivables is fully covered by eligible credit protection in accordance with Chapter 4, provided that in that case the protection provider is an institution, an insurance undertaking or reinsurance undertaking. For the purposes of this subparagraph, only the portion of the trade receivables remaining after taking into account the effect of any purchase price discount shall be used to determine whether they are fully covered.