[ESMA 33-128-563 Securitisation Q&A, Q&A 5.3.18]

This field should still be completed according to the available options. For example, in the event of an underlying exposure having been originated by a fund and being reported under Annex 4 (Corporate underlying exposure), then the reporting entity should select the most appropriate option for field CRPL35. In this regard, if a fund has created the underlying exposure via its office, then the entry ‘BRAN’ (representing ‘Office or Branch Network’) should be entered into that field for that underlying exposure.