means a single hypothetical client to which the institution assigns all exposures for which it has not identified the obligor, provided that Article 6(2)(a) and (b) and Article 6(3)(a) of this Regulation are not applicable.
3.If an institution is not able to distinguish the underlying exposures of a transaction, the institution shall assign the total exposure value of its exposures to the transaction as follows:
(a)where this total exposure value does not exceed 0,25 % of the institution’s eligible capital, it shall assign this total exposure value to the transaction as a separate client;
(b)in cases other than those referred to in point (a), it shall assign this total exposure value to the unknown client.