the exposure is fully secured by

the exposure is fully secured by liens on the immovable property of those third parties that have been purchased by the institution and the institution is able to exercise those liens

the exposure is fully secured by

the exposure or part of the exposure is fully secured by

(b) the exposure or part of the exposure is fully secured by:

the exposure is fully secured by liens on the immovable property of those third parties that have been purchased by the institution and the institution is able to exercise those liens

The value to be reported is only that part of the exposure value which is treated as fully secured by immovable property, i.e. the part that is treated as unsecured is not relevant for the loss reporting.

The exposure is senior and unsecured

FULLY ADJUSTED EXPOSURE VALUE (E*

Fully adjusted exposure value (E*

This new value should however not be relevant for identifying the part of the exposure which was originally fully (and completely) secured by the mortgages on immovable property.

treat the exposure as having been incurred to the third party rather than to the client, if the exposure defined in Article 113(o) is guaranteed by collateral under the conditions there laid down.

(III) is fully secured by a guarantee of a financial institution other than the provincial company or an affiliate of the company,

(D) is fully secured by a guarantee of a financial institution other than the association,

(D) is fully secured by a guarantee of a financial institution other than the company,