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EBA NPL Templates Summary

Core Content

The European Banking Authority (EBA) has developed Draft EBA NPL templates to address the information asymmetry between potential buyers and sellers of Non-Performing Loans (NPLs) in the EU. These templates aim to support the development of a functioning secondary NPL market by improving the granularity, quality, and comparability of NPL data, thus increasing transparency and market certainty.

The templates are designed to be used in two key phases of NPL transactions: initial screening and financial due diligence (FDD) and valuation. They are structured to meet the specific data requirements of these phases and are based on existing regulatory frameworks and market practices.

Main Views

The EBA NPL templates consist of two sets:

• EBA NPL transaction templates: These provide loan-level data and are used for detailed FDD and valuation. They include:

  • Instructions for usage
  • A data dictionary with definitions and references to standardised reporting
  • A data tape for institutions to fill in NPL portfolio data
  • Validation rules to ensure data consistency

• EBA NPL portfolio screening templates: These provide aggregated data for initial market sounding. They include:

  • Stratified data for a high-level view of NPL portfolios
  • References to the corresponding data fields in the transaction templates

Both sets of templates are asset class specific, and the breakdown is based on the CRR (Capital Requirements Regulation) and other relevant EU regulations, including AnaCredit and NACE.

Key Information

• The templates are not legally binding and should be used as a guideline.
• They are provided "as is" with no guarantees of completeness, accuracy, or timeliness.
• Data protection and confidentiality considerations are included in the templates, but users are still responsible for complying with national and Union data laws.
• Non-Disclosure Agreements (NDAs) and Confidentiality Agreements (CAs) are not covered by the templates, as they are contractual arrangements.

Data Classification

Each data field in the EBA NPL transaction templates is classified based on its relevance to FDD and valuation:

• Critical: Essential for analysis
• Important: Useful but not essential
• Moderate: Supplementary information

Additionally, the templates include indicators for:

• Whether a data field is subject to data protection rules or confidentiality restrictions
• Whether a data field is static or dynamic for recurring reporting

Accompanying Documents

The following documents accompany the EBA NPL templates:

• EBA - NPL Transaction Templates instructions - DRAFT.pdf
• EBA - NPL Transaction Templates data dictionary - DRAFT.xlsx
• EBA - NPL Transaction Templates - CRE example - DRAFT.xlsx
• EBA - NPL Transaction Templates validation rules - DRAFT.xlsx
• EBA - NPL Portfolio Screening Template - DRAFT.xlsx

Contact

For further information or assistance, contact: npl-templates@eba.europa.eu

Conclusion

The EBA NPL templates are a significant step towards standardising NPL data in the EU. They aim to facilitate efficient and transparent NPL transactions, support price discovery, and lower entry barriers for investors. Their use is encouraged once finalised, and they are expected to contribute to the development of secondary NPL markets across the EU.