ESMA Residential Real Estate.Exposures.Reason for Default or Foreclosure
From Open Risk Manual
Definition of ESMA Residential Real Estate.Exposures.Reason for Default or Foreclosure
ESMA Residential Real Estate.Exposures.Reason for Default or Foreclosure
- Member of Table: ESMA Residential Real Estate Exposures Table
- ESMA Field Index: RREL70
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
{{#set:Availability of ND1-ND4 Option =YES|Availability of ND5 Option =YES|Field Type=LIST}}
__SHOWFACTBOX__
