ESMA_QA_1435
27/05/2019
Subject Matter
Annexes 12 and 13: Investor Reports - Reporting of risk retention information for ABCP securitisations
Original question
How should risk retention fields be completed for ABCP securitisations (Risk Retention Method (IVAS10), Risk Retention Holder (IVAS11), Risk Retention Method (IVAN5), Risk Retention Holder (IVAN6))?
ESMA Answer
27-05-2019
Original language
[ESMA 33-128-563 Securitisation Q&A, Q&A 5.14.13]
Where risk retention requirements are being met at the level of the ABCP programme and not at the level of the ABCP transaction, then fields IVAS10 and IVAS11 should be entered as appropriate and fields IVAN5 and IVAN6 entered as ‘ND5’ (‘Not Applicable’). Where risk retention requirements are being met at the level of the ABCP transaction and not at the level of the ABCP programme, then fields IVAS10 and IVAS11 should be entered as ‘ND5’ (‘Not Applicable’) and fields IVAN5 and IVAN6 should be entered as appropriate.
Status: Answer Published
Additional Information
Level 1 Regulation
Securitisation Regulation (EU) 2017/2402
Topic
Securitisation Disclosure Templates