ESMA_QA_1300

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1300

---

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: Original Lender RREL79; RREL80; RREL81; CREL179; CREL180; CREL181; CRPL96; CRPL97; CRPL98; AUTL79; AUTL80; AUTL81; CMRL62; CMRL63; CMRL64; CCDL42; CCDL43; CCDL44; LESL79; LESL80; LESL81; ESTL64; ESTL65; ESTL66.

---

Question

Submission Date: 15 November 2019

How should the term “Original Lender” be understood for the purposes of the fields referring to the original lender?

---

ESMA Answer

Answer Date: 15-11-2019

[ESMA 33-128-563 Securitisation Q&A, Q&A 5.1.20] The definition of original lender applicable to these fields is laid down in Article 2(20) of the Securitisation Regulation: (20) ‘original lender’ means an entity which, itself or through related entities, directly or indirectly, concluded the original agreement which created the obligations or potential obligations of the debtor or potential debtor giving rise to the exposures being securitised. A firm which purchases a third party’s exposures on its own account and then securitises them is not the original lender of those exposures for the purposes of these fields.

---

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