ESMA · ESMA_QA_1386 Answer Published

Annex 3: Underlying Exposures - Commercial Real Estate - Obligor Must Pay Breakage On Swap

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 this field be reported where there is no swap contracted for the underlying exposure?

Answer

[ESMA 33-128-563 Securitisation Q&A, Q&A 5.5.9] In cases where there is no swap, “NOPE” (No Indemnification from obligor) should be reported for this field.
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