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European Insurance and Occupational Pensions Authority

939

Q&A

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”.