Liabilities which, in the event of insolvency or liquidation of the issuer, are subordinated to the claims of depositors and other creditors of the issuer. Under Basel capital adequacy regulations subordinated debt is counted as Tier 2 capital.
Liabilities which, in the event of insolvency or liquidation of the issuer, are subordinated to the claims of depositors and other creditors of the issuer. Under Basel capital adequacy regulations subordinated debt is counted as Tier 2 capital.