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NRSRO |
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If a security is not rated by an NRSRO, the SVO will value and classify the security as debt, preferred equity or common equity. NRSRO status was obtained by requesting a staff no-action letter from the SEC. A position (but not a residual interest) maintained in connection with a securitization and that is not rated by a NRSRO may be risk-weighted based on the bank's determination of the credit rating of the position, as specified in the table below, multiplied by the face amount of the position. |
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