Question ID
2023_6955
Legal act
Regulation (EU) No 575/2013 (CRR)
Topic
Supervisory reporting - FINREP (incl. FB&NPE)
Article
Annex V
Paragraph
85
Subparagraph
a, f
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
Regulation (EU) No 680/2014 - ITS on supervisory reporting of institutions (repealed)
Article/Paragraph
Annex V
Type of submitter
Credit institution
Subject matter
on demand and short notice vs. other term loans
Question

Should matured loans with contractually fixed maturities, loans that matures at reporting date or at the next business day after the reporting date and canceled loans be reported as "on demand and short notice" product or as "other term loans" product as they were reported prior the maturity/cancelation? Should contractual (original) maturity or residual maturity be taken into account when determining "on demand and short notice" product? Can the type of product change during the lifetime of the loan? 

Background on the question

1. The bank has a loan with a 5-year contractual maturity and was reported as "other term loans" product. The loan is due on 30.09.2023. Does the bank have to report the loan as "on demand and short notice" product in the report for 30.09.2023?

2. The bank has a loan with a 5-year contractual maturity. The loan is due on 01.10.2023. Does the bank have to report the loan as "on demand and short notice" product in the report for 30.09.2023?

3. The bank has a loan with a 5-year contractual maturity. The loan is due on 15.08.2023. Does the bank have to report the loan as "on demand and short notice" product in the report for 30.09.2023?

4. The bank has a loan with a 5-year contractual maturity. The loan was canceled on 15.08.2023 due to breach of contractual provisions by customer. Does the bank have to report the loan as "on demand and short notice" product in the report for 30.09.2023?

Submission date
Rejected publishing date
Rationale for rejection

This question has been rejected because the matter it refers to is in the process of being answered in Q&A 6908.

Status
Rejected question