ESMA_QA_1344

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1344

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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: Cumulative Recoveries

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Question

Submission Date: 17 July 2019

How should this field be completed for underlying exposures that are not undergoing any recovery process?

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ESMA Answer

Answer Date: 17-07-2019

[ESMA 33-128-563 Securitisation Q&A, Q&A 5.3.6] This field should be completed with ‘ND5’ (‘Not applicable’). Enter ‘0’ if the underlying exposure is undergoing (or has undergone) a recovery process and there have been zero recoveries as described in the Content To Report section of this field.

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