ESMA Commercial Real Estate.Exposures.Liquidation Expense
From Open Risk Manual
Contents
Definition of ESMA Commercial Real Estate.Exposures.Liquidation Expense
ESMA Commercial Real Estate.Exposures.Liquidation Expense
- Member of Table: ESMA Commercial Real Estate Exposures Table
- ESMA Field Index: CREL139
Description
Expenses associated with the liquidation to be netted from the other assets of issuer to determine loss per the Securitisation Documents. Amount of any liquidation expenses that will be paid out of the net sales proceeds to determine whether there will be any loss.
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 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