credit risk mitigation

1. (1) (in GENPRU (except in GENPRU 3) and BIPRU (except in BIPRU 12)) a technique used by an undertaking to reduce the credit risk associated with an exposure or exposures which the undertaking continues to hold.

[Note: article 4(30) of the Banking Consolidation Directive (Definitions)]

1. (2) (except in (1)) has the meaning in article 4(1)(58) of the UK CRR.