Specific treatment of securitisations
In line with annex IX part 4 point 30 to 31 of Directive 2006/48/EG a process to develop an approach under which early amortisation is triggered by something other than 3 months average excess spread has been made available under § 247 Abs. 5 SolvV but not been used yet.
For an overview regarding the special treatment of securtisations in the EWR member states see the corresponding table on the CEBS homepage.
Updated: 20.06.2008