ESMA_QA_1292
15/11/2019
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Subject Matter
Legacy pools and Purchased exposures
For granular “legacy pools” of underlying exposures that have been sold and which changed servicer, there is often a lack of data available from the previous servicers. For instance, regarding information on “restructured” underlying exposures in field RREL69, should this information reflect whether the previous servicer restructured the underlying exposure?
ESMA Answer
15-11-2019

[ESMA 33-128-563 Securitisation Q&A, Q&A 5.1.19]

As set out in paragraphs 93-104 of ESMA’s Final Report on the disclosure technical standards, there is no additional tolerance provided for ‘legacy pools’ other than the ability to use the ‘No Data’ options.

Status: Answer Published

Additional Information

Level 1 Regulation
Securitisation Regulation (EU) 2017/2402
Topic
Securitisation Disclosure Templates