ESMA · ESMA_QA_1443 Answer Published

Annexes 12 and 13: Investor Reports - Principal and interest recovery and collection in period

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

How should these fields be completed if recovery and collection comprise several currencies?

Answer

[ESMA 33-128-563 Securitisation Q&A, Q&A 5.14.21] Where one of these currencies is EUR, then all amounts should be converted into EUR. If none of the currencies are EUR, then all amounts should be converted into the currency which represents the highest overall value. In any case, conversion should be done using the ECB Euro foreign exchange reference rate from the data cut-off date: https://www.ecb.europa.eu/stats/policy_and_exchange_rates/euro_reference_exchange_rates/html/index.en.html
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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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