{
  "url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n2/division-III/division-4/division-4.2/division-4.2.2/division-4.2.2.1",
  "json_url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n2/division-III/division-4/division-4.2/division-4.2.2/division-4.2.2.1.json",
  "legislation": "eudn/2014/341",
  "legislation_title": "Commission Decision of 3 September 2013 State aid SA.32554 (09/C) Restructuring aid for Hypo Group Alpe Adria implemented by Austria (notified under document C(2013) 5648) (Only the German text is authentic) (Text with EEA relevance) (2014/341/EU)",
  "legislation_url": "https://openlegislation.uk/eu-decision-2014-341",
  "path": "annex/division/n2/division/III/division/4/division/4.2/division/4.2.2/division/4.2.2.1",
  "kind": "division",
  "number": "4.2.2.1",
  "heading": "General definitions",
  "text": "In principle ‘new business’ within the meaning of the restrictions on new business under points 4.1.1 to 4.1.6 is defined according to HGAA’s existing risk reporting standards and therefore encompasses either:\nrisk-relevant credit/leasing transactions with a completely new client (or with a group of connected clients — GoB) - i.e. ‘new client business’ (NCB); or\nincreases in credit/leasing exposure with existing clients (on a product basis) - i.e. ‘exposure-increasing business’ (ExIB); and\ncredit/leasing exposure renewals (prolongations) with existing clients (on a product basis) going beyond a tenor of […] – i.e. ‘exposure-prolonging business’ - (ExPB).",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "The term ‘risk-relevant business’ is defined as per the Group Credit Principles and therefore includes any credit/leasing business involving counterparty and/or del credere risks."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "Even though prolongations with a maximum tenor of […] are not subject to the restrictions on new business under points 4.1.1-4.1.6, such transactions must nevertheless adhere strictly to HGAA risk policies and other relevant regulations."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudn/2014/341/annex/division/n2/division/III/division/4/division/4.2/division/4.2.2/division/4.2.2.1",
    "retrieved_at": "2026-11-01T15:14:45.373906+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}