#586829
Díorthaigh chreidmheasa don chéad mhainneachtain
First-to-default credit derivatives
Scag na torthaí
Bailiúcháin
Foirmeacha na bhfocal
6 thoradh i ndoiciméad amháin
#588398
Lamháltas le haghaidh fálú ag díorthaigh chreidmheasa don chéad mhainneachtain agus don n-ú mainneachtain
Allowance for hedges by first and nth-to default credit derivatives
#587805
Nuair a sholáthraítear leis an díorthach creidmheasa cosaint "don n-ú mainneachtain" i measc roinnt oibleagáidí foluiteacha, cinnfidh institiúid cén ceann de na figiúirí céatadáin a leagtar amach sa chéad fhomhír atá infheidhme trí thagairt a dhéanamh don oibleagáid leis an n-ú cáilíocht chreidmheasa is ísle, agus, má thabhaíonn an institiúid í, bheadh sí ina hítim cháilitheach chun críocha Chuid a Trí, Teideal IV, Caibidil 2;
Where the credit derivative provides protection in relation to "nth to default" amongst a number of underlying obligations, an institution shall determine which of the percentage figures set out in the first subparagraph applies by reference to the obligation with the nth lowest credit quality which, if incurred by the institution, would be a qualifying item for the purposes of Part Three, Title IV, Chapter 2;
#588399
I gcás na ndíorthach creidmheasa don chéad mhainneachtain agus na ndíorthach creidmheasa don n-ú mainneachtain, beidh feidhm ag an láimhseáil seo a leanas maidir leis an lamháltas a bheidh le tabhairt i gcomhréir le hAirteagal 346:
In the case of first-to-default credit derivatives and nth-to-default credit derivatives, the following treatment applies for the allowance to be given in accordance with Article 346:
#588400
i gcás ina bhfaigheann institiúid cosaint chreidmheasa i gcomhair roinnt eintiteas tagartha fholuiteach díorthach creidmheasa faoi théarmaí lena sanntar go ndéanfar íocaíocht a luaithe is a tharlaíonn an chéad mhainneachtain agus go gcuirfidh an teagmhas creidmheasa sin deireadh leis an gconradh, féadfaidh an institiúid fritháireamh a dhéanamh ar priacal sonrach an eintitis tagartha sin lena bhfuil feidhm ag an muirear céatadáin is ísle um priacal sonrach i measc na n-eintiteas tagartha foluiteach i gcomhréir le Tábla 1 in Airteagal 336;
where an institution obtains credit protection for a number of reference entities underlying a credit derivative under the terms that the first default among the assets shall trigger payment and that this credit event shall terminate the contract, the institution may offset specific risk for the reference entity to which the lowest specific risk percentage charge among the underlying reference entities applies according to Table 1 in Article 336;
#588402
I gcásanna den sórt sin, leanfar den mhodheolaíocht a leagtar amach i bpointe (a) maidir le díorthaigh chreidmheasa don chéad mhainneachtain arna leasú mar is iomchuí i gcomhair táirgí don n-ú mainneachtain.
In such cases, the methodology set out in point (a) for first-to-default credit derivatives shall be followed appropriately amended for nth-to-default products.