ESMA · ESMA_QA_1372 Answer Published

How to provide the amount guaranteed for underlying exposures (collateral section)

Name: How to provide the amount guaranteed for underlying exposures (collateral section): ESMA Q&A — EU Financial Regulatory Q&A
Creator: European Securities and Markets Authority
License: https://creativecommons.org/licenses/by/4.0/

Regulation: Securitisation Regulation (EU) 2017/2402
Topic: Securitisation Disclosure Templates
Submitted: 2019-01-31
Answered: 2019-01-31

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Question

What is the amount of underlying exposure guaranteed? Does this include the future income pledged by guarantors (in the event of family relations acting as guarantors)?

Answer

[ESMA 33-128-563 Securitisation Q&A, Q&A 5.4.3] The amount guaranteed refers to the amount of the underlying exposure that has been guaranteed. This will typically refer to the principal balance of the underlying exposure, although this may also vary with respect to specific underlying exposure terms and conditions.

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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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