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  • Guarantees

    • CA-8.3.27

      Credit protection provided by the entities listed in Paragraph CA-4.7.21 may be recognised. SPVs cannot be recognised as eligible guarantors. An Islamic bank licensee must not recognise any support provided by itself.

      January 2015

    • CA-8.3.28

      Where guarantees fulfil the minimum operational conditions as specified in Paragraph CA-4.7.12, Islamic bank licensees can take account of such credit protection in calculating capital requirements for securitisation exposures.

      January 2015

    • CA-8.3.29

      Capital requirements for the guaranteed/protected portion is calculated according to CRM as specified in Paragraphs CA-4.7.24 to CA-4.7.31.

      January 2015