Single Rulebook Q&A

Question ID: 2016_2742
Legal act : Regulation (EU) No 575/2013 (CRR)
Topic : Supervisory reporting
Article: 415
Paragraph: 3
Subparagraph: (b)
Article/Paragraph : ANNEX XXI
COM Delegated or Implementing Acts/EBA RTS/EBA ITS/EBA GLs: Regulation (EU) No 680/2014 - ITS on supervisory reporting of institutions (as amended)
Subject matter : The treatment of Physical Stock balances

The ITS states firms should report the name of the top ten issuers/counterparties of unencumbered assets or undrawn committed liquidity lines granted to the institution shall be recorded in column 010 in a descending fashion.

-       If a firm holds gold or other commodity stocks, does column 010 (counterparty name) need to be populated?

-       Should all physical stock balances be reported on one line?


Background on the question:

The data point model we use requires a counterparty name to be entered.

Date of submission: 23/05/2016
Published as Final Q&A: 12/01/2018
EBA answer:

According to Annex XX (template) and Annex XXI (instructions) of Regulation (EU) No 680/2014 (ITS on Supervisory Reporting) institutions shall report their concentration of counterbalancing capacity by issuer/counterparty as one of the additional monitoring metrics. In template C 71.00, the institutions shall report both the ten most important issuers/counterparties and all other items used as counterbalancing capacity.

Q&A 2014_1084 already specifies that if an issuer/ counterparty is assigned to more than one product type, the total amount should be reported and the product type reported shall be the product in which the largest proportion of assets/ liquidity was obtained. To the extent that physical stock balances of gold or other commodities fall under the ten largest holdings of assets, institutions do not have to provide information on the issuer/counterparty name (column 010), LEI code (column 020), issuer / counterparty sector (column 030), residence of the issuer/counterparty (column 040) and the credit quality step (column 070). As for the product type (column 050), institutions shall report ‘Gold’ in case the largest proportion of the assets is in form of physical stock balances of Gold or ‘OPT’ (Other product type) in case the largest proportion of the assets is in form of physical stock balances of other commodities.

Status: Final Q&A
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