Data Dictionary
Item Number C073
CREDIT ENHANCEMENT RESIDUAL INTERESTSCall confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| SVGLC073 | 2001-03-31 | 2001-12-31 | Yes | OTS 1313 |
Data Description:
Report residual interests as in the form of credit-enhancing interest-only strips.
Report both retained and purchased credit-enhancing interest-only strips. However, do not include interest-only strips issued by government-sponsored entities or other interest-only strips that do not function in a credit enhancing or otherwise subordinate capacity.
NOTE:
Reported on Schedule SI for the SVGL report.
Credit-enhancing interest-only strips are defined in 12 CFR Part 567.1 as any on-balance-sheet asset that, in form or in substance, represents the contractual right to receive some or all of the interest due on transferred assets, and that through subordination provisions or other credit enhancement techniques exposes the institution to credit risks that exceed its pro rata claim on the transferred assets.