Question ID
2014_913
Legal act
Regulation (EU) No 575/2013 (CRR)
Topic
Supervisory reporting - COREP (incl. IP Losses)
Article
N/A
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
Regulation (EU) No 680/2014 - ITS on supervisory reporting of institutions (repealed)
Article/Paragraph
ANNEX II REPORTING ON OWN FUNDS AND OWN FUNDS REQUIREMENTS
Name of institution / submitter
Parker James
Country of incorporation / residence
UK
Type of submitter
Individual
Subject matter
C 14.00 – DETAILED INFORMATION ON SECURITISATIONS (SEC DETAILS) - FIELD 290
Question

Field 290 - First Foreseeable Termination Date. Firstly, if there is no call date and the clean-up date is not known (e.g. for an Investor position), what do we report here? Secondly, if there is a call date but this is now in the past (i.e. hasn't yet been called) what do we report here?

Background on the question

The guidelines state that the date reported here should be the earliest of a clean-up call or any other call option. If the position being reported here is an Investor position rather than Originator position the clean-up call date will not be known and some securitisations do not have a call date. In this case what is required to be reported in this field? Secondly, if the securitisation does have a call date but this is in the past, how should this be reported? In theory the securitisation could be called on any future Interest Payment Date.

Submission date
Final publishing date
Final answer

Reporting of the First Foreseeable Termination Date in C 14.00 of Annex I of Regulation (EU) No 680/2014 13 ITS on Supervisory Reporting of institutions (ITS).

Question 1: Where the securitisation has neither a clean-up call or another call, then the First Foreseeable Termination Date shall be the Legal Final Maturity Date.  

Question 2: In case a securitisation has a call but the call date is only in the past, then the First Foreseeable Termination Date shall be the Legal Final Maturity Date.

Status
Final Q&A
Answer prepared by
Answer prepared by the EBA.

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