loss

for the purposes of the IRB approach, the standardised approach to credit risk and BIPRU 5 (Credit risk mitigation)) economic loss, including material discount effects, and material direct and indirect costs associated with collecting on the instrument.

[Note: article 4(26) of the Banking Consolidation Directive (Definitions)]

1. 1. (1) (in BIPRU and for the purposes of the IRB approach, the standardised approach to credit risk and BIPRU 5 (Credit risk mitigation)) economic loss, including material discount effects, and material direct and indirect costs associated with collecting on the instrument.
   [Note: article 4(26) of the Banking Consolidation Directive (Definitions)]
   1. (2) (except in (2)) has the meaning in article 5(1) of the UK CRR.