ESMA · ESMA_QA_1292 Answer Published

Legacy pools and Purchased exposures

Regulation
Securitisation Regulation (EU) 2017/2402
Topic
Securitisation Disclosure Templates
Submitted
2019-11-15
Answered
2019-11-15
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Question

For granular “legacy pools” of underlying exposures that have been sold and which changed servicer, there is often a lack of data available from the previous servicers. For instance, regarding information on “restructured” underlying exposures in field RREL69, should this information reflect whether the previous servicer restructured the underlying exposure?

Answer

[ESMA 33-128-563 Securitisation Q&A, Q&A 5.1.19] As set out in paragraphs 93-104 of ESMA’s Final Report on the disclosure technical standards, there is no additional tolerance provided for ‘legacy pools’ other than the ability to use the ‘No Data’ options.
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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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