Enumeration | Definition |
---|---|
Cash long | A purchased bond/funded position in line with Chapter 5, Article 242 (10) of the CRR. |
Cash short | A short sale bond position in line with Chapter 5, Article 242 (10) of the CRR. |
Liquidity facility | Liquidity facility means the securitisation position arising from a contractual agreement to provide funding to ensure timeliness of cash flows to investors as per Chapter 5, Article 242 (3) of the CRR. |
Synthetic long | A sale of synthetic protection via Credit Default Swap, Total Return Swap or similar in line with Chapter 5, Article 242 (11) of the CRR. |
Synthetic short | A purchase of synthetic protection via Credit Default Swap, Total Return Swap or similar in line with Chapter 5, Article 242 (11) of the CRR. |