ESMA_QA_1249

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1249

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Regulatory Context

Regulation : SECR

Level 1 Regulation: Securitisation Regulation (EU) 2017/2402

Level 2 Regulation: No information available

Level 3 Regulation: No information available

Topic: Securitisation Disclosure Templates

Subject Matter: Securitisation Disclosure Requirements and Templates

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Question

Submission Date: 19 November 2021

According to the third subparagraph of Article 7(1) of SECR “The information described in points (a) and (e) of the first subparagraph shall be made available simultaneously each quarter at the latest one month after the due date for the payment of interest or, in the case of ABCP transactions, at the latest one month after the end of the period the report covers”. What is the relevant reference date for a synthetic non-ABCP securitisation on which a credit protection premium is paid rather than interests?

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ESMA Answer

Answer Date: 19-11-2021

[ESMA 33-128-563 Securitisation Q&A, Q&A 5.1.1.e] Where a synthetic securitisation has no interest payments, the date of payment of the credit protection premium as defined in Article 2(27) of the SECR may be used as reference date instead.

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This document was automatically extracted from the ESMA EMIR Q&A database.