Question ID
2018_3804
Legal act
Regulation (EU) No 575/2013 (CRR)
Topic
Supervisory reporting - Liquidity (LCR, NSFR, AMM)
Article
416
Paragraph
1
Subparagraph
e
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
Regulation (EU) No 680/2014 - ITS on supervisory reporting of institutions (repealed)
Article/Paragraph
Annex 23 Maturity Ladder instructions
Type of submitter
Credit institution
Subject matter
Treatment of undrawn committed facilities backed by own issuances.
Question

Should the undrawn committed facility in the form of LTRO2 backed by own issuances be reported in the line 3.8 (Undrawn committed facilities received) of the C66 model?

Background on the question

CRR states that standby credit facilities granted by central banks within the scope of monetary policy to the extent that these facilities are not collateralised by liquid assets and excluding emergency liquidity assistance should be considered and reported as liquid assets. Instructions for completing the maturity ladder template of annex XXIV states that the Counterbalancing Section shall represent the stock of unencumbered assets or other funding sources which are legally and practically available to the institution at the reporting date to cover potential contractual gaps. ITS also considered that In order to avoid double counting, where the institution reports prepositioned assets in item 3.1 to 3.7, it shall not report the related capacity of those facilities in item 3.8. Own issuances are not reported in the aforementioned lines as mentioned in the line 3.6 of this ITS. They shall be reported in the Memorandum line 14 and are not taken into account for calculating counterbalancing capacity.

Submission date
Rejected publishing date
Rationale for rejection

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Status
Rejected question