ESMA Commercial Real Estate.Exposures.Grace Days Allowed
From Open Risk Manual
Contents
Definition of ESMA Commercial Real Estate.Exposures.Grace Days Allowed
ESMA Commercial Real Estate.Exposures.Grace Days Allowed
- Member of Table: ESMA Commercial Real Estate Exposures Table
- ESMA Field Index: CREL89
Description
The number of days after a payment is due in which the lender will not consider the missed payment to be an Event of Default. This refers to missed payments due to non-technical reasons (i.e. missed payments not due to systems failures for example).
Field Characteristics
Format
The field type / format is: INTEGER-9999
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
