Acts Online
GT Shield
traditional securitisation scheme

means a scheme whereby a special-purpose institution-

a) issues commercial paper to investors; and
b) uses the proceeds of such issue primarily to obtain or invest in assets; and
c) makes payments primarily-
i) in respect of the commercial paper so issued; or
ii) to an institution acting in a secondary role,

which payments are made from-

A) the cash flows arising or proceeds derived from the assets transferred to such a special-purpose institution by an originator or a repackager;
B) the cash flows arising or proceeds derived from assets in which the special-purpose institution invested; or
C) facilities granted to the special-purpose institution by an institution in accordance with the provisions of this Schedule;