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Term Definition Legal instruments

relevant credit exposures

01/05/2014

THIS DEFINITION ONLY APPLIES TO THE CAPITAL BUFFERS PART

means (in accordance with Article 140(4) of the CRD) exposures other than those referred to in points (a) to (f) of Article 112 of the CRR that are subject to:

(a) the own funds requirements for credit risk under Part Three, Title II of the CRR; or

(b) where the exposure is held in the trading book, own funds requirements for specific risk under Part Three, Title IV, Chapter 2 of the CRR or incremental default and migration risk under Part Three, Title IV, Chapter 5 of the CRR; or

(c) where the exposure is a securitisation, the own funds requirements under Part Three, Title II, Chapter 5 of the CRR.