Definition
−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. ECB Validation identifier: CN0620 DNB will check this against foreign counterparties that are creditor. In terms of the DNB logical data model, it also means that all instruments for these creditors should be occurrences of the entity type 'securitised instrument'.
+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. ECB Validation identifier: CN0620 DNB will check this against foreign counterparties that are creditor. In terms of the DNB logical data model, it also means that all instruments for these creditors should be occurrences of the entity type 'securitised instrument' with 'type of securitisation' set to "traditional securitisation".
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. ECB Validation identifier: CN0620 DNB will check this against foreign counterparties that are creditor. In terms of the DNB logical data model, it also means that all instruments for these creditors should be occurrences of the entity type 'securitised instrument'.
+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. ECB Validation identifier: CN0620 DNB will check this against foreign counterparties that are creditor. In terms of the DNB logical data model, it also means that all instruments for these creditors should be occurrences of the entity type 'securitised instrument' with 'type of securitisation' set to "traditional securitisation".