ESMA Commercial Real Estate.Collateral.Most Recent Operating Expenses

From Open Risk Manual

Definition of ESMA Commercial Real Estate.Collateral.Most Recent Operating Expenses

ESMA Commercial Real Estate.Collateral.Most Recent Operating Expenses

  • Member of Table: ESMA Commercial Real Estate Collateral Table
  • ESMA Field Index: CREC41


Description

Total operating expenses for the period covered by the most recent financial operating statement (e.g. Monthly, Quarterly, Year to Date or Trailing 12 months) for the property. These may include real estate taxes, insurance, management, utilities, maintenance and repairs and direct property costs to the landlord; capital expenditures and leasing commissions are excluded.

Include the currency in which the amount is denominated, using {CURRENCYCODE_3} format.

Field Characteristics

Format

The field type / format is: MONETARY


No Data Options

  • The field can be empty under data options ND1-ND4
  • The field can be empty under data option ND5


No Data Options Legend

Option Explanation
ND1 Data not collected as not required by the lending or underwriting criteria
ND2 Data collected on underlying exposure application but not loaded into the originator’s reporting system
ND3 Data collected on underlying exposure application but loaded onto a separate system from the originator’s reporting system
ND4 Data collected but will only be available from YYYY-MM-DD (YYYY-MM-DD shall be completed)
ND5 Not applicable


Disclaimer

  • This text is generated automatically. Do not edit manually!
  • This information is provided as is. Refer to the ESMA Securitisation Template for pointers to definitive instructions