ESMA_QA_1368
19/11/2021
Subject Matter
Original Valuation Method
Original question
How should this field be completed where the property in question is under construction?
ESMA Answer
19-11-2021
Original language
[ESMA 33-128-563 Securitisation Q&A, Q&A 5.3.34]
Where a property is under construction, the reporting entity should choose the option which most accurately reflects the way in which the property was valuated. In this case, the options “Full, internal and external inspection (FIEI)” and “Full, only external inspection (FOEI)” will never be appropriate.
Status: Answer Published
Additional Information
Level 1 Regulation
Securitisation Regulation (EU) 2017/2402
Topic
Securitisation Disclosure Templates