Estimated Reuse of Collateral

Field 4.09 | Matching Date: n/a | Tolerance: n/a>

Status: Best Practice Finalised, Last Updated: 18/08/2021

Field 4.09 | Matching Date: n/a | Tolerance: n/a

Description:
In the case when the actual value of reused collateral is unknown or cannot be calculated, an estimate value of reuse at individual financial instrument level calculated in accordance with the reuse measure established by FSB.

Best Practice:
If Field 4.6 (Type of Collateral Component) is populated with "SECU", one of the Field 4.8 (Value of Reused Collateral) or Field 4.9 (Estimated Reuse of Collateral) should be populated.

When populated, a value (x18 numerical characters including up to x5 decimals) shall be provided, else the field should be left blank.

For the re-use calculation formula refer to page 4 of the FSB's report on Transforming Shadow Banking into Resilient Market-based Finance of 23 February 2016.

This formula is applied for each ISIN at the level of the reporting entity.

Transactions that are outside of the SFTR scope, such as SFTs executed with an ESCB member should be excluded from the re-use formula. Granted.

Guidelines on reporting under Articles 4 and 12 SFTR 06 January 2020 - ESMA70-151-2703 :

407: Any security received or posted as part of transactions that are outside of the SFTR scope, including SFTs that are executed with ESCB counterparties, should be excluded from the reuse formula. (SFTR-128)