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Weighted Average Life calculation for Credit Card Receivables without fixed repayment scheme

Can you provide guidance on how to determine the weighted average life and the residual maturity, of credit card exposures where instalments can vary every month from a minimal amount, mainly covering interest, to the full outstanding balance, fully depending on the preferences of the obligor?

Legal act: Regulation (EU) No 2017/2402 (SecReg)

COM Delegated or Implementing Acts/RTS/ITS/GLs: EBA/GL/2018/08 - Guidelines on the STS criteria for ABCP securitisation

ID: 2020_5532 | Topic: Simple Transparent and Standardised securitisation | Date of submission: 05/10/2020 | Date of publication: 15/07/2022

Synthetic securitisatios

Can ‘vendor financing’ constitute a synthetic securitisation?

Legal act: Regulation (EU) No 2017/2402 (SecReg)

COM Delegated or Implementing Acts/RTS/ITS/GLs: Not applicable

ID: 2020_5454 | Topic: Provisions applicable to all securitisations | Date of submission: 18/08/2020 | Date of publication: 17/12/2021

Compliance of the securitisation of residual values through expectancy rights (“Anwartschaftsrechte”) with the STS criteria for non-ABCP securitisation and for ABCP securitisation

Does a securitisation of residual values through expectancy rights qualify for STS in general in relation to non-ABCP securitisation and ABCP Securitisation (subject to compliance with all other STS criteria)?

Legal act: Regulation (EU) No 2017/2402 (SecReg)

COM Delegated or Implementing Acts/RTS/ITS/GLs: Not applicable

ID: 2019_5016 | Topic: Simple Transparent and Standardised securitisation | Date of submission: 25/11/2019 | Date of publication: 07/05/2021

Originator obligations

What are the obligations of an originator who purchases third party's exposures and subsequently securitises them, in order to meet the requirements set out in Article 9 of the Securitisation Regulation?

Legal act: Regulation (EU) No 2017/2402 (SecReg)

COM Delegated or Implementing Acts/RTS/ITS/GLs: Not applicable

ID: 2018_4368 | Topic: Provisions applicable to all securitisations | Date of submission: 09/11/2018 | Date of publication: 13/09/2019