Glossary
Looking for the right term then try the glossary:
| Term | Definition | Legal instruments |
|---|---|---|
|
fully secured liability 31/12/2020 |
THIS DEFINITION ONLY APPLIES TO THE CONTRACTUAL RECOGNITION OF BAIL-IN PART
The changes to this defined term are effective from 23:00 on 31/12/2020. means a liability which, at the time it is created, is fully secured and governed by contractual terms that oblige the debtor to maintain the liability fully collateralised on a continuous basis in compliance with regulatory requirements of UK law or of the law of a third country achieving effects that can be deemed equivalent to UK law. |
Instruments |