The European Securitization Forum last week issued their recently updated standardized reporting fields and definitions guidelines for European residential mortgage-backed transactions. The guidelines have been created to improve the efficiency, transparency and valuation of RMBS reporting across the secondary markets in Europe by standardizing key industry terms.

Last week's publication of the new reporting standards follows the exposure draft of the ESF's reporting standards published in January 2006. The new RMBS reporting standards document contains 86 defined fields across four sections: security level data, collateral level data, loan level data and transaction report contact information.

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