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  • Uncommitted Retail Exposures

    • CA-6.4.45

      For uncommitted retail credit lines (e.g. credit card receivables) in securitisations containing non-controlled early amortisation features, conventional bank licensees must make the comparison described in Paragraphs CA-6.4.38 and CA-6.4.40.

      January 2015

    • CA-6.4.46

      The conventional bank licensee must divide the excess spread level by the transaction's excess spread trapping point to determine the appropriate segments and apply the corresponding conversion factors, as outlined in the following table.

      Non-Controlled Early Amortisation Features

        Uncommitted Committed
      Retail credit lines 3-month average excess spread
      Credit Conversion Factor (CCF)

      133.33% or more of trapping point
      0% CCF

      less than 133.33% to 100% of trapping point
      5% CCF

      less than 100% to 75% of trapping point
      15% CCF

      less than 75% to 50% of trapping point
      50% CCF

      less than 50% of trapping point
      100% CCF             		100% CCF
      Non-retail credit lines 100% CCF 100% CCF
      January 2015