Definition
−This validation check ensures that the value reported for the 'date of the default status of the counterparty' attribute is consistent with the 'default status of the counterparty' attribute. This means that where a default status is assessed at counterparty level, and where a “Nonapplicable” value is reported as the date of default, debtors can only be reported as not being in a default. ECB Validation identifier: CN0816
+This validation check ensures that the value reported for the 'date of the default status of the counterparty' attribute is consistent with the 'default status of the counterparty' attribute. This means that where a default status is assessed at counterparty level, and where a “Non-applicable” value is reported as the date of default, debtors can only be reported as not being in a default. ECB Validation identifier: CN0816 Please note that the value "Non-applicable" cannot be reported for "default status of the counterparty", as per AnaCredit regulation.
Kurzbeschreibung
−This validation check ensures that the value reported for the 'date of the default status of the counterparty' attribute is consistent with the 'default status of the counterparty' attribute. This means that where a default status is assessed at counterparty level, and where a “Nonapplicable” value is reported as the date of default, debtors can only be reported as not being in a default. ECB Validation identifier: CN0816
+This validation check ensures that the value reported for the 'date of the default status of the counterparty' attribute is consistent with the 'default status of the counterparty' attribute. This means that where a default status is assessed at counterparty level, and where a “Non-applicable” value is reported as the date of default, debtors can only be reported as not being in a default. ECB Validation identifier: CN0816 Please note that the value "Non-applicable" cannot be reported for "default status of the counterparty", as per AnaCredit regulation.