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Data Definitions

Agreement on common data attributes also necessitates an agreement on their definitions. During the process of identifying attributes for retail mortgages, definitions were sourced from either the respective jurisdictional frameworks or third-party sources where existing definitions did not meet the needs of the respective reporting requirements.

These definitions are solely to inform the data attributes of the POC and are not reflective of the actual prescribed definitions found in either reporting regime. However, it is intended to illustrate the exercise of agreeing to a definition “in principle” for the modelled attributes, as well as to highlight the importance in a cross-border context of definitions that are applicable in other jurisdictions for similar products. Converging on a common understanding of products and their definitions is an important step towards normalising their use in a standardised manner.

Data Definitions

Unique identifier (ID) for each loan: the loan ID should not change through the life of the transaction, if the original loan ID cannot be maintained in future in this field enter the original ID followed by the new ID

The original balance when the mortgage was completed. Amount of loan approved (and currency of loan) - (in UK also including fees + charges). In the case of loans where the amount advanced is less than the total amount of the loan which the firm has agreed to lend, this should be the amount of the committed advance (including any committed drawing facilities).

Unique identifier (ID) per borrower (not showing the real name) to identify the point of contact amongst the borrowers or the largest borrower (in terms of liabilities) in a group of borrowers. Should not change over the life of the transaction. If more than one borrower list the Borrower ID's with comma delimitation with primary borrower first.

Type of interest rate at end of initial incentivised rate period. Could be fixed rate, discount, capped rate, standard variable rate, base rate tracker, reference rate tracker, other tracker, other or not applicable.

One option from list below per mortgaged property. A dwelling is a self-contained room or suite of rooms, including cooking and bathing facilities, intended for long-term residential use. A dwelling is private (not generally accessible by the public) and is contained within a building that is an immobile structure. A dwelling may comprise part of a building or the whole of a building. Regardless of whether they are self-contained or not, rooms within buildings offering institutional care (e.g. hospitals) or temporary accommodation (e.g. hotels, motels or hostels) are not defined as dwellings.

An apartment/ flat /condominium is a separate and self-contained premise constructed or adapted for use for residential purposes and forming part of a building from some other part of which it is divided horizontally. Flats have to be contained within a dwelling with at least two storeys. These dwellings do not have their own private grounds and usually share a common entrance foyer or stairwell. Does not include duplexes, townhouses or a detached residence that includes a flat (such as a granny flat) on the same property. Also includes Maisonettes - in the case of the UK, which refer to a set of rooms for living in typically on two storeys as part of a larger building with a separate entrance from rest of the building. Can be one level or split level. include both purpose built and converted buildings.

The market value of the property which is subject to the mortgage. The value reported should be based on the surveyor’s valuation, a valuation index, or other method that the product provider used to determine the market value. [In the case of staged construction or self build schemes, value means ‘expected final value of property at the time the lending decision is made’.]

Format of this will be country specific. [In UK, for new build/self build properties only, firms may report only the first half of the postcode, e.g. XY45, if the full postcode has not yet been assigned. For all other properties, the full postcode of the property must be reported, e.g. XY45 6XX. ]

Unique identifier (ID) per borrower (not showing the real name) - to enable borrowers with multiple loans in the pool to be identified (e.g. further advances / second liens are shown as separate entries). Should not change over the life of the transaction. If more than one borrower list the Borrower ID's comma delimited with primary borrower first.

An individual or natural person (may be more than 1) - in UK can also have a trustee but this is out of scope for the POC. An entity/firm/corporate is also out of scope for the POC.

An individual who works under an employment contract. They are usually required to work regularly, required to do a minimum number of hours and expect to be paid for time worked. A manager or supervisor is responsible for their workload, defining when a piece of work should be finished and how it should be done. Work is done at the business's premises or at an address specified by the business. The business provides the materials, tools and equipment for their work.

An individual is self-employed if they run their business for themselves and take responsibility for its success or failure. They can decide what work they do and when, where and how to do it and can work for more than one client.

Gross annual income from employment before tax or other deductions. This should be evidenced, either document based (e.g. payslips, bank statements or tax returns) or derived through the use of automated systems.

Gross annual income from self-employment before tax or other deductions. this should be evidenced, either document based (e.g. bank statements or tax returns) or derived through the use of automated systems.

(a) in the case where the Borrower has a fixed monthly income only, his monthly income (in the case of SG, excluding any contributions made to the Central Provident Fund account of the Borrower by the Borrower’s employer, where applicable) at the time of applying for a credit facility or a e-financing

(i) the aggregate of his fixed monthly income as determined in accordance with sub-paragraph (a) above and his variable monthly income as determined in accordance with sub-paragraph (b)(ii) above; or

(ii) the aggregate of his fixed employment income and his variable employment income reflected in the latest available assessment at the time of applying for a credit facility or a re-financing

GBP = United Kingdom Pound; EUR = Euro; USD = US dollars; JPY = Japanese Yen; OTH = other. If more than one applies, report the currency that applies to the largest proportion of the mortgage.