Data Element Item: SEC Asset Identifier, US
Generated on 2014/06/19 at 04:57:56 AM
Data Element Item: SEC Asset Identifier, US
| Acronym or Abbreviation | ||||
| Alias or Synonym | Identifier for loans backing securities; | |||
| Key Words | ||||
| Description (HTML) | In 2010, the SEC proposed to require issuers of asset-backed securities to provide asset-level disclosures about the underlying loans backing securities. In providing the asset-level data, a unique number must be assigned to each asset in the underlying pool. As with HMDA, the proposed rules do not specify a numbering convention. The SEC noted that acceptable identifiers could have been generated at origination or at different times during the securitization process. However, the proposed rules would require that the asset number used for offering disclosures should also be the same numbers used to identify the asset for all reports required of an issuer under the Exchange Act. (See Asset-Backed Securities, SEC Release No. 33-9117 (April 7, 2010)) | |||
| Source Description | US Treasury OFR | |||
| Source URL | http://www.treasury.gov/initiatives/ofr/research/Documents/OFRwp0012_McCormickCalahan_CommonGroundNeedforUniversalMortgageIdentifier.pdf | |||
| Document | No document attached... | |||
| Item Quality Status (Item Quality Status) | Incomplete | |||
| Lifecycle - Planning Start Date | 2010-04-07 | |||
| Lifecycle - Exist Start Date | 2011-01-01 | |||
| Lifecycle - Exist End Date | UNKNOWN | |||
| Updated by | webea.09 | |||
| Updated on | 2014-05-13 20:29:30 | |||
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