Pool Addition Date and Date Of Repurchase in a revolving deal

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In a revolving deal, the originator will regularly add and repurchase underlying exposures to/from the pool. How should the fields Pool Addition Date and Date Of Repurchase be completed where there is a time difference between the date at which the originator makes a commitment to add/repurchase a specific exposure and the date at which the payment/addition of that exposure actually takes place?

European Securities and Markets Authority · Accepted Answer

[ESMA 33-128-563 Securitisation Q&A, Q&A 5.3.35] The Pool Addition Date of an underlying exposure is the date as of which the securitisation investors have recourse to the asset(s) backing that underlying exposure. The Date Of Repurchase of an underlying exposure is the date as of which, the securitisation investors cease to have recourse to the asset(s) backing that underlying exposure.

Pool Addition Date and Date Of Repurchase in a revolving deal

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