the originator can demonstrate that the exposure value of the first loss tranche exceeds a reasoned estimate of the expected loss on the underlying exposures by a substantial margin;
tá an tionscnóir in ann a léiriú go sáraíonn luach risíochta an tráinse céadchaillteanais meastachán réasúnaithe ar an gcaillteanas ionchasach ar na risíochtaí foluiteacha faoi chorrlach suntasach;