ESMA_QA_1344
17/07/2019
Subject Matter
Cumulative Recoveries
Original question
How should this field be completed for underlying exposures that are not undergoing any recovery process?
ESMA Answer
17-07-2019
Original language
[ESMA 33-128-563 Securitisation Q&A, Q&A 5.3.6]
This field should be completed with ‘ND5’ (‘Not applicable’). Enter ‘0’ if the underlying exposure is undergoing (or has undergone) a recovery process and there have been zero recoveries as described in the Content To Report section of this field.
Status: Answer Published
Additional Information
Level 1 Regulation
Securitisation Regulation (EU) 2017/2402
Topic
Securitisation Disclosure Templates