Securitization position means a covered position that is:
(1) An on-balance sheet or off-balance sheet credit exposure (including credit-enhancing representations and warranties) that arises from a securitization (including a resecuritization); or
(2) An exposure that directly or indirectly references a securitization exposure described in paragraph (1) of this definition.
12 CFR § 324.202
Terms set forth in 324.2 and used in this subpart have the definitions assigned thereto in 324.2.