ESMA Leasing.Exposures.Reason for Default or Foreclosure

From Open Risk Manual

Definition of ESMA Leasing.Exposures.Reason for Default or Foreclosure

ESMA Leasing.Exposures.Reason for Default or Foreclosure

  • Member of Table: ESMA Leasing Exposures Table
  • ESMA Field Index: LESL58


Description

If the underlying exposure is in default as per Article 178 of Regulation (EU) No 575/2013, select the appropriate reason


Field Characteristics

Format

The field type / format is: LIST

Eligible Values

The following choices are available:

  • In default because the debtor is unlikely to pay, in accordance with Article 178 of Regulation (EU) No 575/2013. (UPXX)
  • In default because any debt is more than 90/180 days past due, in accordance with Article 178 of Regulation (EU) No 575/2013. (PDXX)


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