ESMA Residential Real Estate.Exposures.Revision Margin 3

From Open Risk Manual

Definition of ESMA Residential Real Estate.Exposures.Revision Margin 3

ESMA Residential Real Estate.Exposures.Revision Margin 3

  • Member of Table: ESMA Residential Real Estate Exposures Table
  • ESMA Field Index: RREL54


Description

The margin for the underlying exposure at the 3rd revision date. This refers only to contractual changes in the margin (e.g. from +50bps to +100bps) or the underlying index (e.g. from 3M EUIBOR to 1M EURIBOR) used for the interest calculation. This field does not refer to the date that the index is reset periodically (e.g. resetting 1M EURIBOR each month). 

The full revised margin must be entered in this field, not the change in the margin.

Field Characteristics

Format

The field type / format is: PERCENTAGE


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