ESMA · ESMA_QA_1401 Answer Published

Annexes 5 and 8: Underlying Exposures – Automobile and Leasing - Residual Value

Regulation
Securitisation Regulation (EU) 2017/2402
Topic
Securitisation Disclosure Templates
Submitted
2020-05-28
Answered
2020-05-28
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Question

(a) How should the residual value of a leased asset be determined for these fields? (b) How should the field ‘Securitised Residual Value’ (AUTL63 and LESL30) be completed if the residual value has not been securitised?

Answer

[ESMA 33-128-563 Securitisation Q&A, Q&A 5.7.2] (a) For the purposes of these fields, the ‘residual value’ of a leased asset is to be determined in accordance with the applicable accounting framework. (b) If the residual value has not been securitised, then ND5 should entered into this field.
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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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