Enumeration | Definition |
---|---|
Mortgages | It is lending to individuals secured by mortgage on land and buildings where the lender has either a first or second (or subsequent) charge, where at least 40% of the land and buildings is used for residential purposes, and where the premises are for occupation by either the borrower (or dependant), or any other third party (e.g. it includes ‘buy to let’ lending to individuals). |
Retail funding | Includes debit card, savings, current accounts and term loans. |
Retail non mortgage non SME | Assets which are managed within the business as retail but are not classified as ‘mortgages’ nor as ‘retail SME’ as defined within Article 147 (5) of the CRR. |
Retail SME | This is the same classification as in 'Risk Measures by Portfolio'. It is defined by credit teams and should be aligned to any definition they provide. |