ESMA_QA_1400
31/01/2019
Subject Matter
Annexes 5 and 8: Underlying Exposures – Automobile and Leasing - Original Loan-To-Value
Original question
How should this field be completed for leases?
ESMA Answer
31-01-2019
Original language
[ESMA 33-128-563 Securitisation Q&A, Q&A 5.7.1]
This field should also be completed for leases, using the ratio of the discounted lease balance (inclusive of all fees and other amounts owed by the obligor) relative to the automobile value at origination (as set out in field AUTL60).
Status: Answer Published
Additional Information
Level 1 Regulation
Securitisation Regulation (EU) 2017/2402
Topic
Securitisation Disclosure Templates