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Regulatory events

Category: Capital Relief Trades ABS

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Standard Chartered amends Gongga SRT terms

Standard Chartered has amended the regulatory event definitions for the class A notes of a corporate SRT dubbed Gongga that was finalised last year (SCI 2 August 2019). The amendments exclude any reference to any requirement to disclose information about the underlying borrowers as per ESMA’s securitisation disclosure requirements, where doing so would be impossible or result in a breach of confidentiality provisions.

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