ESMA · ESMA_QA_1344 Answer Published

Cumulative Recoveries

Regulation
Securitisation Regulation (EU) 2017/2402
Topic
Securitisation Disclosure Templates
Submitted
2019-07-17
Answered
2019-07-17
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Question

How should this field be completed for underlying exposures that are not undergoing any recovery process?

Answer

[ESMA 33-128-563 Securitisation Q&A, Q&A 5.3.6] This field should be completed with ‘ND5’ (‘Not applicable’). Enter ‘0’ if the underlying exposure is undergoing (or has undergone) a recovery process and there have been zero recoveries as described in the Content To Report section of this field.
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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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