ESMA_QA_1437

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1437

---

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 12 and 13: Investor Reports - Trigger Measurements/Ratios

---

Question

Submission Date: 28 May 2020

(a) How should this field be reported with respect to ABCP (field code IVAS7)?

(b) How should this field be completed where none of the securitised underlying exposures include any triggers?

---

ESMA Answer

Answer Date: 28-05-2020

[ESMA 33-128-563 Securitisation Q&A, Q&A 5.14.15] (a) This field is located in the ‘programme information section’ of Annex 13. It refers to (and must be completed for) any programme-level test/trigger that involves underlying exposures in the ABCP programme, across any/all transactions within that ABCP programme. See also Q&A 1422. (b) In such situations, this field should be reported as “N”—‘NO’.

---

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