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  • (vii) Definition of Eligible Purchased Receivables

    • CA-5.2.26

      Eligible purchased receivables are divided into retail and corporate receivables as defined below.

      Apr 08

    • Retail Receivables

      • CA-5.2.27

        Purchased retail receivables, provided the purchasing bank complies with the IRB rules for retail exposures, are eligible for the top-down approach as permitted within the existing standards for retail exposures. The bank must also apply the minimum operational requirements as set forth in sections CA-5.6 and CA-5.8.

        Apr 08

    • Corporate Receivables

      • CA-5.2.28

        For purchased corporate receivables, banks are required to assess the default risk of individual obligors as specified in section CA-5.3 (starting with paragraph CA-5.3.2) consistent with the treatment of other corporate exposures.

        Apr 08