ESMA_QA_1346

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1346

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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: Date Last in Arrears

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Question

Submission Date: 17 July 2019

(a) How should the field ‘Date Last in Arrears’ be completed if the underlying exposure has never been in arrears? (b) How should the field ‘Date Last in Arrears’ be completed if the underlying exposure is in default?

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ESMA Answer

Answer Date: 17-07-2019

[ESMA 33-128-563 Securitisation Q&A, Q&A 5.3.9] (a) Where the underlying exposure has never been in arrears, this field should be completed as ‘ND5’. (b) Where the underlying exposure is in default and the underlying exposure has never previously been in arrears, this field should be completed as ‘ND5’. If the underlying exposure has been in arrears in the past, in a manner not related to the current default status, then this field should reflect the previous date at which the underlying exposure was in arrears.

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