Annexes 14 and 15: Inside Information or Significant Event Information - How to complete the Synthetic Coverage Information Section in Annex XIV

[ESMA 33-128-563 Securitisation Q&A, Q&A 5.15.16] (a)  As set out in Article 8 of the RTS on Disclosure: “ The reporting entity shall make available the information specified in Annex XIV on the following: […] (d) where the securitisation is a synthetic non-ABCP securitisation: (i)  synthetic coverage, for as many protection arrangements as exist in the securitisation; […] ” Each instrument, in this case each credit-linked note, is considered to be its own independent “protection arrangement”. Consequently, the template should be completed for each protection instrument, in this particular example: four times. (b) This is an error in the XML schema which ESMA intends to address during the next revision of the XML schema. Once this is done, it will be possible to enter multiple protection providers for one single protection instrument. Until then, whenever there is more than one protection provider for the same protection instrument, the primary protection provider should be entered into these two fields.