C 14.00, columns 0302 and 0303

C 14.00: When is a tranche considered to be sold and must be reported in columns 0302 and 0303?

According to Annex II to Regulation (EU) 2021/451, the following should be reported in columns 0302 and 0303 in C 14.00: Column 0302 - Attachment point of risk sold (%): Originators, only, shall report the attachment point of the most subordinated tranche  sold to , in case of traditional securitisations, or  protected by , in case of synthetic securitisations,  third parties . Column 303 - Detachment point of risk sold (%): Originators, only, shall report the detachment point of the most senior tranche  sold to , in case of traditional securitisations, or  protected by , in case of synthetic securitisations,  third parties .  Validation rule v7370_m specifies that columns 0302 and 0303 cannot be empty in own securitisations with risk transfer. However, the fact of having risk transfer does not imply that there is a tranche completely sold to the market. Risk transfer is assumed when is retained 20% or less of the first loss tranches or, in case of not having equity tranches, 50% or less of the mezzanine tranches. Therefore, it is possible to have risk transfer and only have sold 60% of mezzanine tranches, for example.