ESMA · ESMA_QA_1249 Answer Published

Securitisation Disclosure Requirements and Templates

Regulation
Securitisation Regulation (EU) 2017/2402
Topic
Securitisation Disclosure Templates
Submitted
2021-11-19
Answered
2021-11-19
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Question

According to the third subparagraph of Article 7(1) of SECR “The information described in points (a) and (e) of the first subparagraph shall be made available simultaneously each quarter at the latest one month after the due date for the payment of interest or, in the case of ABCP transactions, at the latest one month after the end of the period the report covers”. What is the relevant reference date for a synthetic non-ABCP securitisation on which a credit protection premium is paid rather than interests?

Answer

[ESMA 33-128-563 Securitisation Q&A, Q&A 5.1.1.e] Where a synthetic securitisation has no interest payments, the date of payment of the credit protection premium as defined in Article 2(27) of the SECR may be used as reference date instead.
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This Q&A is published by European Securities and Markets Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

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