The document outlines eligible providers of unfunded credit protection for institutions, specifying a range of counterparts, including central governments, central banks, and multilateral development banks. It further identifies public sector entities and regulated financial sector entities as suitable providers, contingent on specific risk-weight criteria and credit assessments.

Additionally, corporate entities that are internally rated by the institution under the IRB approach are recognised as eligible credit protection providers. This structured eligibility framework is aimed at enhancing the risk management capabilities of institutions while ensuring compliance with regulatory mandates.