capital commitmentmeans the contractual commitment of an investor to provide the alternative investment fund (AIF) with an agreed amount of investment on request by the AIFM;
cash collateralmeans that incremental market risk will be carried by the AIF and consequently must be taken into account in the global exposure calculation.
governing bodymeans the body with ultimate decision making authority in an AIFM, comprising the supervisory and the managerial functions, or only the managerial function if the two functions are separated;
securitisationmeans a securitisation within the meaning of Article 4(36) of Directive 2006/48/EC;
securitisation positionmeans a securitisation position within the meaning of Article 4(40) of Directive 2006/48/EC;
senior managementmeans the person or persons who effectively conduct the business of an AIFM in accordance with Article 8(1)(c) of Directive 2011/61/EU and, as the case may be, the executive member or members of the governing body;
special arrangementmeans an arrangement that arises as a direct consequence of the illiquid nature of the assets of an AIF which impacts the specific redemption rights of investors in a type of units or shares of the AIF and which is a bespoke or separate arrangement from the general redemption rights of investors;
sponsormeans a sponsor within the meaning of Article 4(42) of Directive 2006/48/EC;
sustainability factorsmeans sustainability factors as defined in Article 2, point (24), of Regulation (EU) 2019/2088.
sustainability riskmeans sustainability risk as defined in Article 2, point (22), of Regulation (EU) 2019/2088 of the European Parliament and of the Council;
tranchemeans a tranche within the meaning of Article 4(39) of Directive 2006/48/EC.