Is the counterparty defined on a group/parent level or on a legal unit level?
Is the counterparty defined on a group/parent level or on a legal unit level? E.g. if a subsidiary have deposit funds, should we report that subsidiary or the parent company as the counterparty?
In templates C 67.00 and C 71.00 of Annex XX of final draft implementing technical standard (ITS) on additional liquidity monitoring metrics under Article 415(3)(b) of Regulation (EU) No 575/2013 (EBA/ITS/2013/11/rev1 (of 24 July 2014)) and in accordance with the instructions in Annex XXI, institutions shall report the top ten largest counterparties or group of connected clients according to Article 4 (39) of Regulation (EU) No 575/2013, from which the funding is obtained. When reporting a group of connected clients, the LEI code should follow paragraph 2 of the instructions for column 010 of Template C 28.00 in Annex IX of Regulation (EU) No 680/2014 – ITS on Supervisory Reporting of institutions (ITS on reporting).
The present Q&A on Supervisory reporting is provisional. It will be reviewed after the Implementing Regulation is in force and published in the Official Journal, which may differ from the text of the draft ITS to which this Q&A relates.