Double Credit Rating For Securitisation Positions | Prudential Regulation Authority Handbook & Rulebook
Prudential Regulation Authority Rulebook

Prudential Regulation Authority Rulebook

Part

Solvency Capital Requirement - Standard Formula

Chapter

Double Credit Rating For Securitisation Positions

Printed on: 08/06/2025

Rulebook at: 31/12/2024


1C

Double Credit Rating For Securitisation Positions

1C.1

Notwithstanding 1A.4(4), where only one credit assessment is available from a nominated external credit assessment institution for a securitisation position, a firm must not use that credit assessment and the firm must derive the capital requirements for that item as if no credit assessment by a nominated external credit assessment institution is available.

  • 31/12/2024