ESMA · ESMA_QA_1300 Answer Published

Original Lender RREL79; RREL80; RREL81; CREL179; CREL180; CREL181; CRPL96; CRPL97; CRPL98; AUTL79; AUTL80; AUTL81; CMRL62; CMRL63; CMRL64; CCDL42; CCDL43; CCDL44; LESL79; LESL80; LESL81; ESTL64; ESTL65; ESTL66.

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

How should the term “Original Lender” be understood for the purposes of the fields referring to the original lender?

Answer

[ESMA 33-128-563 Securitisation Q&A, Q&A 5.1.20] The definition of original lender applicable to these fields is laid down in Article 2(20) of the Securitisation Regulation: (20) ‘original lender’ means an entity which, itself or through related entities, directly or indirectly, concluded the original agreement which created the obligations or potential obligations of the debtor or potential debtor giving rise to the exposures being securitised . A firm which purchases a third party’s exposures on its own account and then securitises them is not the original lender of those exposures for the purposes of these fields.
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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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