By the end of this year, RMBS issuers keen on obtaining funding from the European Central Bank, as well as those already using these securities as collateral in sale and repurchase agreements, will need to input data on the underlying mortgages into the newly created European DataWarehouse, known pithily as ED.

Deadlines for securitizations backed by other kinds of assets are further down the road, and there is a grace period for all asset classes, but the point is clear: As it now stands, if you want to use ABS you've either issued or hold as collateral in ECB funding, be prepared to lodge loan-level information with ED.

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