ESMA Commercial Real Estate.Exposures.Cure Payments Possible?
From Open Risk Manual
Contents
Definition of ESMA Commercial Real Estate.Exposures.Cure Payments Possible?
ESMA Commercial Real Estate.Exposures.Cure Payments Possible?
- Member of Table: ESMA Commercial Real Estate Exposures Table
- ESMA Field Index: CREL37
Description
Can the subordinated loan holder (e.g. B loan holder) make cure payments in lieu of the mortgage obligor? Select from the list below
Field Characteristics
Format
The field type / format is: LIST
Eligible Values
The following choices are available:
- No possibility to make cure payment (NCPP)
- Cure payment can be made up to a fixed number limit over the lifetime of the underlying exposure (FNLP)
- Cure payment can be made without limit over the lifetime of the underlying exposure (NLCP)
No Data Options
- The field can be empty under data options ND1-ND4
- The field cannot 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
