Home   Browse contents   View updates   Search  
     Quick search
Go
   

Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Rulebook Modules
Prudential — Investment, Insurance Intermediation and Banking Module (PIB) [VER33/02-19]
PIB 4 Credit Risk
PIB 4 Part 3 — CRDOM
PIB 4.14 Securitisation
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Notices
Financial Markets Tribunal
Archive

Whole SectionText only Print Print Manager Link


  Versions
(1 version)
 
Dec 9 2012 onwards

PIB 4.14.6

View whole sectionWhole Section PDF

The definitive version of DFSA handbook text is the PDF version as that is the text of the instrument as made and published by the DFSA.

To view past versions of this module in PDF format, please visit the Archive.

In order to qualify for using the RulesG specified in this section, and particularly the risk weighting approach outlined below, an Authorised FirmG must demonstrate the following:

(a) a comprehensive understanding of the risk characteristics of its individual securitisation ExposuresG , whether on balance sheet or off balance sheet, as well as the risk characteristics of the pools underlying securitisation ExposuresG ;
(b) ability to access the performance information on the underlying pools on an on-going basis in a timely manner; and
(c) a thorough understanding of all structural features of a securitisation transaction that would materially impact the performance of the Authorised Firm'sG ExposureG to the transaction, such as waterfall triggers, Credit EnhancementsG , liquidity enhancements, market value triggers and deal specific definitions of default.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]