- Question ID
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2017_3101
- Legal act
- Regulation (EU) No 575/2013 (CRR)
- Topic
- Supervisory reporting - FINREP (incl. FB&NPE)
- Article
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99
- COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
- Regulation (EU) No 680/2014 - ITS on supervisory reporting of institutions (repealed)
- Article/Paragraph
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Annex III
- Type of submitter
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Credit institution
- Subject matter
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Repurchase Agreements in template F 08.01 versus assets encumbered in template F 15.00 – EBA validation v0912_m
- Question
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Should we align the template F 08.01 and F 15.00 on repurchase agreement reporting?
- Background on the question
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We are writing to you with the regard to the templates Finrep F 08.01, ‘Breakdown of financial liabilities by product and by counterparty sector’ and the expected matching with the template F 15.00, ‘Derecognition and financial liabilities associated with transferred financial assets’ and the EBA validation v0912_m.
We report the ‘Financial Liabilities’ in template F 08.01 on a net basis, after applying the netting: (Row r100, r150, r200, r250, r300, r350, Col 010-035). And we report the amount on a gross basis in template F 15.00 ‘Derecognition and Financial Liabilities’ (F 15.00.b, r190, c060).
But this leads to the following EBA validation to fail:
v0912_m: [F 15.00.b] {F 15.00.b, r190,c060} <= xsum({F 08.01.a, (r100, r150, r200, r250, r300, r350, c010-035)})
To align those templates will create new validation and we have not found any specific instruction on this point. But in the current situation we have recurrent validation v0912_m.
- Submission date
- Final publishing date
-
- Final answer
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In both templates F 08.01 and F 15.00 of Annexes III and IV to Regulation (EU) No 680/2014 (ITS on Supervisory Reporting), the carrying amount of financial liabilities shall be reported. So, the validation rule v0912_m is correct.
- Status
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Final Q&A
- Answer prepared by
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Answer prepared by the EBA.
Disclaimer
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