PRU 4.14.12

Past version: effective from 21/10/2015 - 20/10/2015
To view other versions open the versions tab on the right

(1) An Authorised Person may deduct SE Exposures which it has chosen not to treat in accordance with Rules 4.14.8 to 4.14.11 from Capital Resources -100% from CET1.
(2) Credit-Enhancing Interest-Only Strips (net of the deductions from CET1 Capital required at Rule 4.14.13) are deducted 100% from CET1 Capital.
(3) Deductions from capital may be calculated net of specific provisions taken against relevant securitisation Exposures.