ESMA · ESMA_QA_1400 Answer Published

Annexes 5 and 8: Underlying Exposures – Automobile and Leasing - Original Loan-To-Value

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

Question

How should this field be completed for leases?

Answer

[ESMA 33-128-563 Securitisation Q&A, Q&A 5.7.1] This field should also be completed for leases, using the ratio of the discounted lease balance (inclusive of all fees and other amounts owed by the obligor) relative to the automobile value at origination (as set out in field AUTL60).

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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