Definitions

For the purposes of this Section:

(a)

‘securitisation’ means a securitisation within the meaning of Article 4(36) of Directive 2006/48/EC;

(b)

‘securitisation position’ means a securitisation position within the meaning of Article 4(40) of Directive 2006/48/EC;

(c)

‘sponsor’ means a sponsor within the meaning of Article 4(42) of Directive 2006/48/EC;

(d)

‘tranche’ means a tranche within the meaning of Article 4(39) of Directive 2006/48/EC.