ESMA Commercial Real Estate.Exposures.Debt Service Coverage Ratio Indicator At Securitisation Date
From Open Risk Manual
Contents
Definition of ESMA Commercial Real Estate.Exposures.Debt Service Coverage Ratio Indicator At Securitisation Date
ESMA Commercial Real Estate.Exposures.Debt Service Coverage Ratio Indicator At Securitisation Date
- Member of Table: ESMA Commercial Real Estate Exposures Table
- ESMA Field Index: CREL71
Description
How the Debt Service Coverage Ratio is calculated or applied when an underlying exposure relates to multiple properties
Field Characteristics
Format
The field type / format is: LIST
Eligible Values
The following choices are available:
- Partial - Not all properties received financials, servicer to leave empty (PRTL)
- Average - Not all properties received financials, servicer allocates debt service only to properties where financials are received (AVER)
- Full - All statements collected for all properties (FULL)
- Worst Case - Not all properties received financials, servicer allocates 100% of debt service to all properties where financials are received (WCAS)
- None Collected - No financials were received (NCOT)
- Consolidated - All properties reported on one "rolled up" financial from the obligor (COND)
- Whole loan based on loan agreements (WLAG)
- Whole loan based on other method (WLOT)
- Trust Note based on loan agreement (TNAG)
- Trust Note based on other method (TNOT)
No Data Options
- The field cannot 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
