Transferred Receivable

Definition

A Transferred Receivable in a securitisation context is a financial asset, (typically Loan Or Credit) that is transferred from the Seller to the Issuer of the securitisation. As part of the asset portfolio it forms the principal economic basis on which the liabilities of the securitisation (the Notes) are based.

Details

• Receivables are transferred against an Initial Purchase Price.
• Both initial purchases and any further purchases during a possible Revolving Period must meet Eligibility Criteria
• Collections of Payable Principal Amount and Payable Interest Amount are performed by the Servicer
• The receivables are credit risky assets subject to Credit Risk and potentially other risk factors

ESMA Templates for Receivables

Receivables for securitisations that fall under the supervision of ESMA must be documented minimally following the guidelines of the ESMA Securitisation Template

• ESMA Residential Real Estate Exposures Table
• ESMA Commercial Real Estate Exposures Table
• |ESMA Corporate Exposures Table
• ESMA Automobile Exposures Table
• ESMA Consumer Exposures Table
• ESMA Credit Cards Exposures Table
• ESMA Leasing Exposures Table
• ESMA Esoteric Assets Exposures Table
• ESMA Non-Performing Exposures Table
• ESMA ABCP Exposures Table

Variations

Whether the assets are "truly" sold to the Issuer according to applicable law may differ by jurisdiction

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