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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Recognised Jurisdictions and Funds
Declaration Notices
Financial Markets Tribunal
Rulebook Modules
Prudential — Investment, Insurance Intermediation and Banking Module (PIB) [VER34/12-19]
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

Whole SectionText only Print Print Manager Link

(1 version)
Dec 9 2012 onwards

PIB 4.14.41

Whole 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.

An Authorised FirmG may apply a risk weight of 100% or the highest risk weight assigned to any of the underlying ExposuresG in the ABCP ProgrammeG , whichever is higher, to an unrated securitisation ExposureG arising from the ABCP ProgrammeG , provided the securitisation position complies with the following conditions:

(a) the subject securitisation ExposureG must be in a tranche which is economically in a second loss position or better and the First Loss PositionG must provide meaningful credit protection to the second loss tranche;
(b) the associated Credit RiskG of the securitisation ExposureG is the equivalent of a Credit Quality GradeG of III or better in the short-term rating category; and
(c) the Authorised FirmG must not hold a position in the First Loss PositionG .
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]