ESMA_QA_1443

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1443

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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: Annexes 12 and 13: Investor Reports - Principal and interest recovery and collection in period

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Question

Submission Date: 28 May 2020

How should these fields be completed if recovery and collection comprise several currencies?

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ESMA Answer

Answer Date: 28-05-2020

[ESMA 33-128-563 Securitisation Q&A, Q&A 5.14.21] Where one of these currencies is EUR, then all amounts should be converted into EUR. If none of the currencies are EUR, then all amounts should be converted into the currency which represents the highest overall value. In any case, conversion should be done using the ECB Euro foreign exchange reference rate from the data cut-off date: https://www.ecb.europa.eu/stats/policy_and_exchange_rates/euro_reference_exchange_rates/html/index.en.html

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