Question ID:
2017_3140
Legal Act:
Directive 2013/36/EU (CRD)
Topic:
Supervisory reporting - Supervisory Benchmarking
Article:
78
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations:
Draft ITS on Supervisory Reporting of Institutions (for benchmarking the internal approaches)
Article/Paragraph:
Annex I
Disclose name of institution / entity:
No
Type of submitter:
Credit institution
Subject Matter:
Use ‘AND’ or ‘OR’ rule to identify the exposure of the individual counterparties?
Question:

Template C 101.00 ‘Definition of Low Default Portfolio Counterparties’ (Annex I): Shall the columns Legal entity identifier, Credit register code, Commercial register code, ISIN Code and Bloomberg ticker be used with ‘AND’ or ‘OR’ rule to identify the exposure of the individual counterparties?

Background on the question:

It is unclear if we have to use ‘AND’ or ‘OR’ rule.

Date of submission:
01/02/2017
Published as Final Q&A:
24/03/2017
Final Answer:

The columns 020, 030, 040, 050, 060, 070 and 080 of C 101.00 of Annex I to the Draft ITS on Supervisory Reporting for Institutions for benchmarking the internal approaches (ITS on Supervisory Benchmarking) provide different information on the same counterparty (LEI, example of ISIN,…) with the objective to allow the institution to identify properly the relevant counterparty.

All exposures to that counterparty then have to be reported in the corresponding row of Annex III to the ITS on Supervisory Benchmarking.

Disclaimer

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. The text of the Implementing Regulation may differ from the text of the draft ITS to which this Q&A refers.

Status:
Final Q&A
Answer prepared by:
Answer prepared by the EBA.
Image CAPTCHA