ESMA_QA_1329
31/01/2019
Subject Matter
Definition of ‘arrears’
Original question
How are arrears defined? Is there a standard definition that should be used?
ESMA Answer
31-01-2019
Original language
[ESMA 33-128-563 Securitisation Q&A, Q&A 5.2.11]
The Securitisation Regulation does not provide a definition of ‘arrears’. Reporting entities should use the most appropriate regulatory or supervisory definition applicable to them and/or to the underlying exposure.
Status: Answer Published
Additional Information
Level 1 Regulation
Securitisation Regulation (EU) 2017/2402
Topic
Securitisation Disclosure Templates