LegalizeCommission Implementing Regulation (EU) 2020/1227 of 12 November 2019 laying down implementing technical standards with regard to templates for the provision of information in accordance with the STS notification requirements (Text with EEA relevance)
Article 1
Templates for STS notification
Article 2
Entry into force
This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.
This Regulation shall be binding in its entirety and directly applicable in all Member States.
ANNEX I
Field formats to be applied to the STS notification form
| SYMBOL | DATA TYPE | DEFINITION |
|---|---|---|
| {ALPHANUM-n} | Up to n alphanumeric characters | Free text field. Should be entered in ASCII format (no accented characters). |
| {COUNTRYCODE_2} | 2 alphanumeric characters | 2 letter country code, as defined by ISO 3166-1 alpha-2 country code. Should be entered in ASCII format (no accented characters). |
| {CURRENCYCODE_3} | 3 alphanumeric characters | 3 letter currency code, as defined by ISO 4217 currency codes. Should be entered in ASCII format (no accented characters). |
| {DATEFORMAT} | ISO 8601 date format | Dates shall be formatted by the following format: YYYY-MM-DD |
| {Y/N} | 1 alphanumeric character | ‘true’- Y ’false’ – N |
| {ISIN} | 12 alphanumeric characters | ISIN code, as defined in ISO 6166 |
| {LEI} | 20 alphanumeric characters | Legal entity identifier, as defined in ISO 17442 |
STS notification form for non-ABCP securitisations
| FIELD CODE | FIELD NAME | BOX TO COMPLETE | FIELD FORMAT |
|---|---|---|---|
| STSS0 | First contact point | {ALPHANUM-1000} | |
| STSS1 | Instrument identification code | {ISIN} | |
| STSS2 | LEI of the originator or sponsor or original lender | {LEI} | |
| STSS3 | Notification identifier | {ALPHANUM-100} | |
| STSS4 | Unique identifier | {ALPHANUM-1000} | |
| STSS5 | Prospectus Identifier | {ALPHANUM-100} | |
| STSS6 | Securitisation repository | {ALPHANUM-1000} | |
| STSS7 | Securitisation Name | {ALPHANUM-100} | |
| STSS8 | Country of establishment | {COUNTRYCODE_2} | |
| STSS9 | Securitisation classification | {LIST} | |
| STSS10 | Underlying Exposures Type | {LIST} | |
| STSS11 | Issue date | {DATEFORMAT} | |
| STSS12 | Notification Date | {DATEFORMAT} | |
| STSS13 | Authorised third party | {ALPHANUM-100} | |
| STSS14 | Authorised third party (name and country of establishment) | {ALPHANUM-1000} {COUNTRYCODE_2} | |
| STSS15 | Competent authority which has authorised the third party | {ALPHANUM-100} | |
| STSS16 | STS status | {ALPHANUM-1000} | |
| STSS17 | Originator (or original lender) is a credit institution | {Y/N} | |
| STSS18 | Confirmation of credit-granting criteria | {ALPHANUM-1000} | |
| STSS19 | Declaration that credit-granting criteria are subject to supervision | {ALPHANUM-1000} | |
| STSS20 | Underlying exposures acquired by true sale | {ALPHANUM-10000} | |
| STSS21 | Subject to severe clawback | {ALPHANUM-10000} | |
| STSS22 | Exemption for clawback provisions in national insolvency laws | {ALPHANUM-10000} | |
| STSS23 | Transfer where the seller is not the original lender | {ALPHANUM-1000} | |
| STSS24 | Transfer performed by means of an assignment and perfected at a later stage | {ALPHANUM-10000} | |
| STSS25 | Representations and warranties | {ALPHANUM-10000} | |
| STSS26 | Criteria for active Portfolio Management | {ALPHANUM-10000} | |
| STSS27 | Homogeneity of assets | {ALPHANUM} | |
| STSS28 | Underlying Exposure Obligations/no re-securitisation | {ALPHANUM-1000} | |
| STSS29 | Soundness of the underwriting standard | {ALPHANUM} | |
| STSS30 | Originator/Lender Expertise | {ALPHANUM} | |
| STSS31 | Defaulted Assets | {ALPHANUM} | |
| STSS32 | At least one payment at the time of transfer | {ALPHANUM-1000} | |
| STSS33 | Repayment of the holders/sale of assets. | {ALPHANUM} | |
| STSS34 | Compliance with the risk retention requirements | {LIST} | |
| STSS35 | Mitigation of Interest rates (IR) and currency risks (FX) Risks | {ALPHANUM-10000} | |
| STSS36 | Derivatives Purchased/Sold by SSPE | {ALPHANUM-10000} | |
| STSS37 | Derivatives using common standards | {ALPHANUM-10000} | |
| STSS38 | Referenced interest payments based on generally used interest rates | {ALPHANUM-10000} | |
| STSS39 | No trapping of cash following enforcement or acceleration notice | {ALPHANUM-10000} | |
| STSS40 | No amount of cash shall be trapped | {ALPHANUM-1000} | |
| STSS41 | Principal receipts shall be passed to investors | {ALPHANUM-1000} | |
| STSS42 | Repayment shall not be reversed with regard to their seniority | {ALPHANUM-1000} | |
| STSS43 | No provisions shall require automatic liquidation of the underlying exposures at market value | {ALPHANUM-1000} | |
| STSS44 | Securitisations featuring non-sequential priority of payments | {ALPHANUM-1000} | |
| STSS45 | Revolving securitisation with early amortisation events for termination of revolving period based on prescribed triggers | {ALPHANUM-10000} | |
| STSS46 | Deterioration in the credit quality of the underlying exposures | {ALPHANUM-10000} | |
| STSS47 | Occurrence of an insolvency-related event of the originator or servicer | {ALPHANUM-10000} | |
| STSS48 | Value of the underlying exposures held by the SSPE falls below a pre-determined threshold | {ALPHANUM-10000} | |
| STSS49 | Failure to generate sufficient new underlying exposures meeting pre-determined credit quality (trigger for termination of the revolving period) | {ALPHANUM-10000} | |
| STSS50 | Information regarding contractual obligations of the servicer, trustee and other ancillary service providers | {ALPHANUM-1000} | |
| STSS51 | Servicing Continuity Provisions | {ALPHANUM-1000} | |
| STSS52 | Derivative Counterparties Continuity Provisions | {ALPHANUM-1000} | |
| STSS53 | Liquidity providers and account bank continuity provisions | {ALPHANUM-1000} | |
| STSS54 | Required expertise from the servicer & policies & adequate procedures & risk management controls in place | {ALPHANUM} | |
| STSS55 | Clear & consistent definitions (problem loans) | {ALPHANUM-1000} | |
| STSS56 | Priorities of payment and triggers events | {ALPHANUM-1000} | |
| STSS57 | Timely resolution of conflicts between classes of investors and responsibilities of trustees | {ALPHANUM-1000} | |
| STSS58 | Historical Default and Loss Performance Data | {ALPHANUM-1000} | |
| STSS59 | Sample of the underlying exposures subject to external verifications | {ALPHANUM-1000} | |
| STSS60 | Availability of a liability cash flow model to potential investors | {ALPHANUM-1000} | |
| STSS61 | Environmental performance/residential loans or car loans or leases | {ALPHANUM-10000} | |
| STSS62 | Originator and sponsor responsible for compliance with Article 7 of Regulation (EU) 2017/2402 | {ALPHANUM-1000} |
ANNEX II
Field formats to be applied to the STS notification form
| SYMBOL | DATA TYPE | DEFINITION |
|---|---|---|
| {ALPHANUM-n} | Up to n alphanumeric characters | Free text field. Should be entered in ASCII format (no accented characters). |
| {COUNTRYCODE_2} | 2 alphanumeric characters | 2 letter country code, as defined by ISO 3166-1 alpha-2 country code. Should be entered in ASCII format (no accented characters). |
| {CURRENCYCODE_3} | 3 alphanumeric characters | 3 letter currency code, as defined by ISO 4217 currency codes. Should be entered in ASCII format (no accented characters). |
| {DATEFORMAT} | ISO 8601 date format | Dates shall be formatted by the following format: YYYY-MM-DD |
| {Y/N} | 1 alphanumeric character | ‘true’- Y ’false’ – N |
| {ISIN} | 12 alphanumeric characters | ISIN code, as defined in ISO 6166 |
| {LEI} | 20 alphanumeric characters | Legal entity identifier, as defined in ISO 17442 |
STS notification form for ABCP securitisations
| FIELD CODE | FIELD NAME | BOX TO COMPLETE | FIELD FORMAT |
|---|---|---|---|
| STSAT0 | First contact point | {ALPHANUM-1000} | |
| STSAT1 | Instrument identification code | {ISIN} | |
| STSAT2 | LEI of the originator or sponsor or original lender | {LEI} | |
| STSAT3 | Notification identifier | {ALPHANUM-100} | |
| STSAT4 | Unique identifier | {ALPHANUM-1000} | |
| STSAT5 | Prospectus Identifier | {ALPHANUM-100} | |
| STSAT6 | Securitisation repository | {ALPHANUM-1000} | |
| STSAT7 | Securitisation Name | {ALPHANUM-100} | |
| STSAT8 | Place of establishment | {ALPHANUM-1000} | |
| STSAT9 | Securitisation Type | {LIST} | |
| STSAT10 | Underlying Exposures Type | {LIST} | |
| STSAT11 | Issue date | {DATEFORMAT} | |
| STSAT12 | Notification Date | {DATEFORMAT} | |
| STSAT13 | Authorised third party | {ALPHANUM-100} | |
| STSAT14 | Authorised third party (name and country of establishment) | {ALPHANUM-1000} {COUNTRYCODE_2} | |
| STSAT15 | Competent authority which has authorised the third party | {ALPHANUM-100} | |
| STSAT16 | STS status | {ALPHANUM-1000} | |
| STSAT17 | Originator (or original lender) is a credit institution | {Y/N} | |
| STSAT18 | Confirmation of credit-granting criteria | {ALPHANUM-1000} | |
| STSAT19 | Declaration that credit-granting criteria are subject to supervision | {ALPHANUM-1000} | |
| STSAT20 | Underlying exposures acquired by true sale | {ALPHANUM-10000} | |
| STSAT21 | Subject to severe clawback | {ALPHANUM-10000} | |
| STSAT22 | Exemption for clawback provisions in national insolvency laws | {ALPHANUM-10000} | |
| STSAT23 | Transfer where the seller is not the original lender | {ALPHANUM-1000} | |
| STSAT24 | Transfer performed by means of an assignment and perfected at a later stage | {ALPHANUM-10000} | |
| STSAT25 | Representations and warranties | {ALPHANUM-10000} | |
| STSAT26 | Criteria for active Portfolio Management | {ALPHANUM-10000} | |
| STSAT27 | No re-securitisation | {ALPHANUM-1000} | |
| STSAT28 | Transferred underlying exposures without defaulted exposures | {ALPHANUM} | |
| STSAT29 | At least one payment made at the time of transfer | {ALPHANUM-1000} | |
| STSAT30 | Repayment of the holders/sale of assets. | {ALPHANUM} | |
| STSAT31 | Mitigation of Interest rates (IR) and currency risks (FX) Risks | {ALPHANUM-10000} | |
| STSAT32 | Derivatives Purchased/Sold by SSPE | {ALPHANUM-10000} | |
| STSAT33 | Derivatives in Underlying Exposures | {ALPHANUM-10000} | |
| STSAT34 | Derivatives using common standards | {ALPHANUM-10000} | |
| STSAT35 | Clear and consistent definitions relating to the treatment of problem loans | {ALPHANUM-1000} | |
| STSAT36 | Priority of Payments and triggers events | {ALPHANUM-1000} | |
| STSAT37 | Historical Default and Loss Performance Data | {ALPHANUM-1000} | |
| STSAT38 | Homogeneity of assets | {ALPHANUM} | |
| STSAT39 | Underlying Exposure Obligations | {ALPHANUM-1000} | |
| STSAT40 | Underlying Exposure Obligations | {ALPHANUM-1000} | |
| STSAT41 | Referenced interest payments based on generally used interest rates | {ALPHANUM-10000} | |
| STSAT42 | No trapping of cash flow following enforcement or acceleration notice | {ALPHANUM-10000} | |
| STSAT43 | No trapping of cash/enforcement or acceleration | {ALPHANUM-1000} | |
| STSAT44 | Principal receipts shall be passed to investors | {ALPHANUM-1000} | |
| STSAT45 | No provisions shall require automatic liquidation of the underlying exposures at market value | {ALPHANUM-1000} | |
| STSAT46 | Soundness of the underwriting standards | {ALPHANUM} | |
| STSAT47 | Seller Expertise | {ALPHANUM} | |
| STSAT48 | Revolving ABCP transaction/credit quality trigger. | {ALPHANUM} | |
| STSAT49 | Securitisation Participant Duties | {ALPHANUM-1000} | |
| STSAT50 | Servicing Continuity Provisions | {ALPHANUM-1000} | |
| STSAT51 | Derivative counterparty and account bank continuity provisions | {ALPHANUM-1000} | |
| STSAT52 | Sponsor Robustness | {ALPHANUM-1000} |
ANNEX III
Field formats to be applied to the STS notification form
| SYMBOL | DATA TYPE | DEFINITION |
|---|---|---|
| {ALPHANUM-n} | Up to n alphanumeric characters | Free text field. Should be entered in ASCII format (no accented characters). |
| {COUNTRYCODE_2} | 2 alphanumeric characters | 2 letter country code, as defined by ISO 3166-1 alpha-2 country code. Should be entered in ASCII format (no accented characters). |
| {CURRENCYCODE_3} | 3 alphanumeric characters | 3 letter currency code, as defined by ISO 4217 currency codes. Should be entered in ASCII format (no accented characters). |
| {DATEFORMAT} | ISO 8601 date format | Dates shall be formatted by the following format: YYYY-MM-DD |
| {Y/N} | 1 alphanumeric character | ‘true’- Y ’false’ – N |
| {ISIN} | 12 alphanumeric characters | ISIN code, as defined in ISO 6166 |
| {LEI} | 20 alphanumeric characters | Legal entity identifier, as defined in ISO 17442 |
STS notification form for ABCP Programme
Reading this document does not replace reading the official text published in the Official Journal of the European Union. We assume no responsibility for any inaccuracies arising from the conversion of the original to this format.