Notification of Validation Rules update
Updates to the validation rules will be applied to the Securitisation System effective Wednesday, 1 August 2018.
The RBA has nominated a ‘Rule Severity Set to Fail’ date of 1 November 2018 for the rules relating to the use of the ‘ND5’ code at the loan level. A tolerance of 50 will apply to each of these rules, meaning that a submission will pass a given rule if the ‘ND5’ code is used in circumstances not allowed for by the rule for up to 50 loans.
Information regarding the activation of validation rules can be viewed from the Securitisation System Active Rules [XLSX] document located in the Validation Rules section of the Securitisation Industry Forum.
Any queries or feedback on the above should be directed to the Securitisation Support Centre at firstname.lastname@example.org or 1800 919 211.