ESMA_QA_1401

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1401

---

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: Annexes 5 and 8: Underlying Exposures – Automobile and Leasing - Residual Value

---

Question

Submission Date: 28 May 2020

(a) How should the residual value of a leased asset be determined for these fields?

(b) How should the field ‘Securitised Residual Value’ (AUTL63 and LESL30) be completed if the residual value has not been securitised?

---

ESMA Answer

Answer Date: 28-05-2020

[ESMA 33-128-563 Securitisation Q&A, Q&A 5.7.2] (a) For the purposes of these fields, the ‘residual value’ of a leased asset is to be determined in accordance with the applicable accounting framework. (b) If the residual value has not been securitised, then ND5 should entered into this field.

---

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