ESMA Esoteric Assets.Collateral.Charge Type
From Open Risk Manual
Contents
Definition of ESMA Esoteric Assets.Collateral.Charge Type
ESMA Esoteric Assets.Collateral.Charge Type
- Member of Table: ESMA Esoteric Assets Collateral Table
- ESMA Field Index: ESTC7
Description
Type of security over the collateral. Where there is a guarantee, this field refers to any security for any collateral that is supporting that guarantee. “No charge but an irrevocable power of attorney or similar” refers to when the originator or original lender, as applicable, is irrevocably and unconditionally authorised to unilaterally create a charge over the collateral at any time in the future, without the need for any further approval from the obligor or guarantor
Field Characteristics
Format
The field type / format is: LIST
Eligible Values
The following choices are available:
- Fixed charge (FXCH)
- Floating charge (FLCH)
- No charge (NOCG)
- No charge but an irrevocable power of attorney or similar (ATRN)
- Other (OTHR)
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
