ESMA_QA_1372
31/01/2019
Subject Matter
How to provide the amount guaranteed for underlying exposures (collateral section)
Original question
What is the amount of underlying exposure guaranteed? Does this include the future income pledged by guarantors (in the event of family relations acting as guarantors)?
ESMA Answer
31-01-2019
Original language
[ESMA 33-128-563 Securitisation Q&A, Q&A 5.4.3]
The amount guaranteed refers to the amount of the underlying exposure that has been guaranteed. This will typically refer to the principal balance of the underlying exposure, although this may also vary with respect to specific underlying exposure terms and conditions.
Status: Answer Published
Additional Information
Level 1 Regulation
Securitisation Regulation (EU) 2017/2402
Topic
Securitisation Disclosure Templates