Criterion A4: Consistency of Underwriting (Conduit Level)
No: 44047144
Date(g): 27/12/2022 | Date(h): 4/6/1444
Status: In-Force
Effective from Jan 01 2023 - Dec 31 2022 To view other versions open the versions tab on the right
18.112
The sponsor should make representations and warranties to investors that:
(1)
It has taken steps to verify that for the transactions in the conduit, any underlying credit claims and receivables have been subject to consistent underwriting standards, and explain how.
(2)
When there are material changes to underwriting standards, it will receive from sellers disclosure about the timing and purpose of such changes.
18.113
The sponsor should also inform investors of the material selection criteria applied when selecting sellers (including where they are not financial institutions).
