ESMA_QA_1355
Status: ✅ Answer Published
Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1355
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: Arrears 1-29 Days
Question
Submission Date: 28 May 2021
Are fully performing loans i.e. those with zero arrears to be excluded from this disclosure?
ESMA Answer
Answer Date: 28-05-2021
[ESMA 33-128-563 Securitisation Q&A, Q&A 5.3.21] As set out in the “Content to Report” for these two fields: “The percentage of exposures of this type in arrears on principal and/or interest payments due for a period between 1 and 29 days (inclusive) as at the data cut-off date. The percentage is calculated as the total outstanding principal amount as at the data cut-off date of the exposures of this type and in this category of arrears, relative to the total outstanding principal amount of all exposures of this type as at the data cut-off date.” In other words, fully performing loans are not included in the numerator (the total outstanding principal amount as at the data cut-off date of the exposures of this type and in this category of arrears). Fully performing loans are, however, included in the denominator (“the total outstanding principal amount of all exposures of this type”).
This document was automatically extracted from the ESMA EMIR Q&A database.