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🔗 Back to Summary. 🇫🇷 French Version: 2023R2175_FR.5. Back to Summary of LVL1. Open the PDF. Direct link to EUR-LEX.
Article 4 – Retention equivalent to not less than 5 % of the nominal value of each of the tranches sold or transferred to investors ⬅️ | ➡️ Article 6 – Retention of randomly selected exposures equivalent to no less than 5 % of the nominal value of the securitised exposures
Article 5 - Retention of the originator’s interest in a revolving securitisation or securitisation of revolving exposures
The retention of the originator’s interest of not less than 5 % of the nominal value of each of the securitised exposures as referred to in Article 6(3), point (b), of Regulation (EU) 2017/2402 shall only be considered fulfilled where the retained credit risk of such exposures ranks
pari passu
with, or is subordinated to, the credit risk securitised in relation to the same exposures.