AMCO is of the opinion that this ITS fits the purpose of the directive.
Generally for all data fields it seems that for exposure below 25000 or greater must be considered the single exposure and not the sum of the exposures of the same counterparty. The latter would be the favourite. Furthermore field 1.02 i.e NACE code should be mandatory
AMCO believes that the content of the instructions are clear and complete
AMCO agrees with the approach
In the view of AMCO a process finalized to assess the data quality should be included
AMCO agrees with the approach
AMCO agrees with the threshold of 25000 carrying amount which should consider the total amount to the same customer and not the single esposure
