A transaction or scheme, whereby the credit risk associated with an exposure or pool of exposures is tranched, having both of the following characteristics:
|Regulation 575/2013; Article 39 CPR|
Small and medium-sized enterprises – as defined in EU law: EC recommendation 2003/361.
|Article 2(28) CPR; and Commission Recommendation of 6 May 2003 concerning the definition of micro, small and medium-sized enterprises (2003/361/EC)|
|Support from the ESI Funds||
Support from the ESI Funds means support from one or more of the following funds: European Regional Development Fund, European Social Fund, Cohesion Fund, European Agriculture Fund for Rural Development, European Maritime and Fisheries Fund.
Support from the ESI Funds does not include the national co-financing.
|Articles 43, 44, 45 CPR|