ESMA_QA_1386
15/11/2019
Subject Matter
Annex 3: Underlying Exposures - Commercial Real Estate - Obligor Must Pay Breakage On Swap
Original question
How should this field be reported where there is no swap contracted for the underlying exposure?
ESMA Answer
15-11-2019
Original language
[ESMA 33-128-563 Securitisation Q&A, Q&A 5.5.9]
In cases where there is no swap, “NOPE” (No Indemnification from obligor) should be reported for this field.
Status: Answer Published
Additional Information
Level 1 Regulation
Securitisation Regulation (EU) 2017/2402
Topic
Securitisation Disclosure Templates