Difference between revisions of "Data Trustee"

From Open Risk Manual
 
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== Definition ==
 
== Definition ==
The Data Trustee is an entity holding Decoding Keys allowing for the decoding of the encrypted information provided to the [[Issuer]] to the extent necessary to identify [[Transferred Receivables]] in accordance with the [[Data Trust Agreement]] circumstances
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The Data Trustee is an entity holding Decoding Keys allowing for the decoding of the encrypted information provided to the [[Issuer]] to the extent necessary to identify [[Transferred Receivable | Transferred Receivables]] in accordance with the [[Data Trust Agreement]] circumstances
  
 
== Details ==
 
== Details ==

Latest revision as of 22:20, 8 November 2019

Definition

The Data Trustee is an entity holding Decoding Keys allowing for the decoding of the encrypted information provided to the Issuer to the extent necessary to identify Transferred Receivables in accordance with the Data Trust Agreement circumstances

Details

When assets transferred to the securitisation involve personal data subject to privacy laws, the Management Company and/or the Custodian my appoint a Data Trustee so Borrower-related personal data are generally encrypted in compliance with banking secrecy rules and data protection requirements.

Variations

None

Issues and Challenges

None

See Also

None

Disclaimer

  • This information is provided as is without any representation of correctness, completeness or suitability for any purpose whatsoever. Refer to actual securitisation prospectuses for the definitive terms applicable in each case
  • Definitions, detailed descriptions and other content may change at any time as further examples or relevant aspects are introduced

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