sponsor
in relation to-
| a) | a traditional securitisation scheme means an institution that facilitates, whether at the commencement or during the life of the traditional securitisation scheme, in the capacity of arranger and/or structuror, the indirect transfer of assets, that is, not from the institution's own balance sheet, to a special-purpose institution; |
| b) | a synthetic securitisation scheme means an institution that facilitates, whether at the commencement or during the life of the synthetic securitisation scheme, in the capacity of arranger and/or structuror, the indirect transfer of risk, that is, not from the institution's own balance sheet, to a special-purpose institution; |
| c) | an asset-backed commercial paper programme means an institution that, in fact or in substance- |
| i) | manages or advises the programme; and |
| ii) | places securities into the market; and/or |
| iii) | provides a liquidity facility to the asset-backed commercial paper programme; or |
| iv) | provides a credit-enhancement facility to the asset-backed commercial paper programme, |
which institution shall for purposes of this Schedule be regarded as an originator;