ESMA_QA_1390
15/11/2019
Subject Matter
Annex 3: Underlying Exposures - Commercial Real Estate - Liquidation Expense
Original question
Does this field refer to amounts that are known as at the data cut-off date, or also to estimated future liquidation expenses?
ESMA Answer
15-11-2019
Original language
[ESMA 33-128-563 Securitisation Q&A, Q&A 5.5.13]
This field refers to liquidation expenses that have been billed / have accrued, and are therefore known as at the data cut-off date. This field does not include any estimates of liquidation expenses that may arise in the future but are not yet known as at the data cut-off date.
Status: Answer Published
Additional Information
Level 1 Regulation
Securitisation Regulation (EU) 2017/2402
Topic
Securitisation Disclosure Templates