clean-up call
in relation to-
| a) |
a traditional securitisation scheme means an option that makes provision for- |
| i) |
the commercial paper issued in terms of the said securitisation scheme to be called or repaid before all the underlying or securitisation exposures have been repaid; |
| ii) |
the repurchase of the remaining securitisation exposures and assets, |
that is, the repurchase of the remaining securitisation exposures and assets once the pool balance or outstanding securities have fallen below a specified level;
| b) |
a synthetic securitisation scheme means a contractual provision or clause that provides for the termination of credit protection when the amount of the underlying exposures is less than a specified amount; |
National Road Traffic Act, 1996
