This Appendix 1 provides criteria, as well as certain guidance and clarifications, for Simple, Transparent, and Comparable (STC) securitisation exposures, together with certain additional requirements that must be satisfied in order for a securitisation to receive alternative regulatory capital treatment. These criteria do not cover short-term securitisations such as ABCP conduits or similar programs; criteria for such short-term securitisations are covered in Appendix 2 below.