Question ID: 939
Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Article: 35
Status: Final
Date of submission: 08 Dec 2016
Question
A residential mortgage backed security (RMBS) is backed by a pool of mortgages, each of which uniquely appears in that pool - i.e. does not appear in any other pool backing RMBS. Could you confirm that the correct classification for this structured product would be “2 – Collateral calculated on the basis of a single contract.”
EIOPA answer
EIOPA confirms that correct classification for this structured product would be “2 – Collateral calculated on the basis of a single contract”.