ESMA · ESMA_QA_1349 Answer Published

Primary Income Verification

Regulation
Securitisation Regulation (EU) 2017/2402
Topic
Securitisation Disclosure Templates
Submitted
2019-05-27
Answered
2019-05-27
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Question

How should the Primary Income Verification field be completed where the obligor is a legal person?

Answer

[ESMA 33-128-563 Securitisation Q&A, Q&A 5.3.14] The most appropriate verification option should be entered. For example, if income (in this case, revenue) has been verified, then the ‘VRFD’ (representing ‘Verified’) should be entered. If a credit bureau has been used instead, then ‘SCRG’ (representing ‘Credit Bureau Information or Scoring’) should be entered.
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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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