Data Trustee
From Open Risk Manual
Revision as of 18:21, 16 December 2020 by Wiki admin (talk | contribs)
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
