ESMA_QA_1427
15/11/2019
Subject Matter
Annexes 12 and 13: Investor Reports - Gross Charge-Offs in the Period
Original question
(a) Are ‘charge offs’ the same as ‘write-offs’?
(b) Does this field refer only to credit cards exposures or is it referring to default information regardless of the underlying exposure?
(c) Could charge-offs correspond to provisions for badly damaged vehicles, provisions for stolen vehicles, or depreciation accruals?
(d) How should this field be completed if there are no Charge-Offs?
(b) Does this field refer only to credit cards exposures or is it referring to default information regardless of the underlying exposure?
(c) Could charge-offs correspond to provisions for badly damaged vehicles, provisions for stolen vehicles, or depreciation accruals?
(d) How should this field be completed if there are no Charge-Offs?
ESMA Answer
15-11-2019
Original language
[ESMA 33-128-563 Securitisation Q&A, Q&A 5.14.5]
(a) This is confirmed.
(b) This field refers to default information regardless of underlying exposure type.
(c) Charge-offs generally correspond to situations where there are no further past-due amounts on the underlying exposure.
(d) In such a situation, the value ‘0’ should be entered.
Status: Answer Published
Additional Information
Level 1 Regulation
Securitisation Regulation (EU) 2017/2402
Topic
Securitisation Disclosure Templates