Division 80 F1
United Kingdom
The term ‘ residence of the obligor ’ refers to the country of incorporation of the obligor. This concept can be applied on an immediate-obligor basis and on an ultimate-risk basis. Hence, CRM techniques with substitution effects can change the allocation of an exposure to a country. Exposures to supranational organisations shall not be assigned to the country of residence of the institution but to the geographical area ‘ Other countries ’ , irrespective of the exposure class where the exposure to supranational organisations is assigned.