Resecuritization position means a covered position that is:
(1) An on- or off-balance sheet exposure to a resecuritization; or
(2) An exposure that directly or indirectly references a resecuritization exposure 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.