ESMA Residential Real Estate.Exposures.Purpose
From Open Risk Manual
Definition of ESMA Residential Real Estate.Exposures.Purpose
ESMA Residential Real Estate.Exposures.Purpose
- Member of Table: ESMA Residential Real Estate Exposures Table
- ESMA Field Index: RREL27
Description
The reason for the obligor taking out the loan
Field Characteristics
Format
The field type / format is: LIST
Eligible Values
The following choices are available:
- Purchase (PURC)
- Remortgage (RMRT)
- Renovation (RENV)
- Equity Release (EQRE)
- Construction (CSTR)
- Debt Consolidation (DCON)
- Remortgage with Equity Release (RMEQ)
- Business Funding (BSFN)
- Combination Mortgage (CMRT)
- Investment Mortgage (IMRT)
- Right to Buy (RGBY)
- Government Sponsored Loan (GSPL)
- Other (OTHR)
No Data Options
- The field can be empty under data options ND1-ND4
- The field cannot 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
{{#set:Availability of ND1-ND4 Option =YES|Availability of ND5 Option =NO|Field Type=LIST}}
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