ESMA Commercial Real Estate.Collateral.Property Form Of Title
From Open Risk Manual
Definition of ESMA Commercial Real Estate.Collateral.Property Form Of Title
ESMA Commercial Real Estate.Collateral.Property Form Of Title
- Member of Table: ESMA Commercial Real Estate Collateral Table
- ESMA Field Index: CREC13
Description
The relevant form of property title. A lease on land only, in which the obligor usually owns a building or is required to build as specified in the lease. Such leases are usually long-term net leases; the obligor's rights and obligations continue until the lease expires or is terminated through default
Field Characteristics
Format
The field type / format is: LIST
Eligible Values
The following choices are available:
- Leasehold (LESH)
- Freehold (FREE)
- Mixed (MIXD)
- Other (OTHR)
No Data Options
- The field cannot 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 =NO|Availability of ND5 Option =YES|Field Type=LIST}}
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