ESMA · ESMA_QA_1390 Answer Published

Annex 3: Underlying Exposures - Commercial Real Estate - Liquidation Expense

Regulation
Securitisation Regulation (EU) 2017/2402
Topic
Securitisation Disclosure Templates
Submitted
2019-11-15
Answered
2019-11-15
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Question

Does this field refer to amounts that are known as at the data cut-off date, or also to estimated future liquidation expenses?

Answer

[ESMA 33-128-563 Securitisation Q&A, Q&A 5.5.13] This field refers to liquidation expenses that have been billed / have accrued, and are therefore known as at the data cut-off date. This field does not include any estimates of liquidation expenses that may arise in the future but are not yet known as at the data cut-off date.
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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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