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(in LR) (in relation to securitised derivatives) means either:(a) if the securitised derivative is an option or debt security with the characteristics of an option, any of the underlying investments listed in article 83 of the Regulated Activities Order; or(b) if the securitised derivative is a contract for differences or debt security with the characteristics of a contract for differences, any factor by reference to which a profit or loss under article 85 of the Regulated Activities Order can be calculated.
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an item of capital that meets the conditions in PRU 2.2.101 R and is eligible to form part of a firm's upper tier two capital resources.