ESMA_QA_1326
31/01/2019
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Subject Matter
Use LDOR code in the field for ‘Current Interest Rate Index’ or ‘Revised Interest Rate Index’
If a Lender’s Own Rate ‘LDOR’ is directly linked to an interest rate index (e.g. the European Central Bank Base Rate ‘ECBR’), should the code ‘LDOR’ or the code of the relevant interest index (‘ECBR’) be inserted in this field? (RREL44; RREL56; CREL111; CRPL54; CRPL66; AUTL41; CMRL38; CCDL30; LESL37; ESTL40; SEST20; SESI14; SEAT11)
ESMA Answer
31-01-2019

[ESMA 33-128-563 Securitisation Q&A, Q&A 5.2.7]

Only if the Lender’s Own Rate is identical to an interest rate index (e.g. ‘ECBR’) at all times, should the code of the relevant index (‘ECBR’) be inserted in this field. In any other case, the ‘LDOR’ code should be used.

Status: Answer Published

Additional Information

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