Definition
−LET [Counterparty reference.Counterparty identifier] = X IF [Counterparty reference.Institutional sector] ='Financial vehicle corporations (FVCs) engaged in securitisation transactions' WHERE [Counterparty reference.Counterparty identifier] = X THENEXISTS [Counterparty-instrument.Counterparty role] = 'Originator' for all instruments WHERE [Counterparty-instrument.Counterparty role](X) = 'Creditor'
+Let [Counterparty reference.Counterparty identifier] = X IF [Counterparty reference.Institutional sector] = “Financial vehicle corporations (FVCs) engaged in securitisation transactions” WHERE [Counterparty reference.Counterparty identifier] = X AND [Financial.Type of securitisation] = “Traditional securitisation” THENEXISTS [Counterparty-instrument.Counterparty role] = “Originator” for all instruments WHERE [Counterparty-instrument.Counterparty role](X) = “Creditor”
Kurzbeschreibung
−This validation check ensures that an originating counterparty is reported accordingly for all instruments where the creditor is reported as a financial vehicle corporation (FVC). The check is performed by comparing the [Counterparty identifier], [Institutional sector] and [Counterparty role] attributes.
+This validation check ensures that an originating counterparty is reported accordingly for all traditionally securitised instruments where the creditor is reported as a financial vehicle corporation (FVC). The check is performed by comparing the [Counterparty identifier], [Institutional sector] and [Counterparty role] attributes.