ESMA_QA_1390

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1390

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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: Annex 3: Underlying Exposures - Commercial Real Estate - Liquidation Expense

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Question

Submission Date: 15 November 2019

Does this field refer to amounts that are known as at the data cut-off date, or also to estimated future liquidation expenses?

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ESMA Answer

Answer Date: 15-11-2019

[ESMA 33-128-563 Securitisation Q&A, Q&A 5.5.13] This field refers to liquidation expenses that have been billed / have accrued, and are therefore known as at the data cut-off date. This field does not include any estimates of liquidation expenses that may arise in the future but are not yet known as at the data cut-off date.

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