Question ID
2018_4193
Legal act
Regulation (EU) No 575/2013 (CRR)
Topic
Supervisory reporting - COREP (incl. IP Losses)
Article
415
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
Regulation (EU) No 680/2014 - ITS on supervisory reporting of institutions (repealed)
Article/Paragraph
Annexes XIX and XX, template C 66.00, validation rules
Type of submitter
Competent authority
Subject matter
C 66.00, validation rule v5903_s
Question

In an environment of negative (money market indexing) interest rates this rule may not be applicable.

Background on the question

This rule states that, for several rows, in all columns (maturity buckets), the outflows have to be positive. In an environment of negative (money market indexing) interest rates this rule may not be applicable.

Submission date
Final publishing date
Final answer

In accordance with Annex XXII (template) and Annex XXIII (instructions) of Regulation (EU) No 680/2014 (ITS on Supervisory Reporting) institutions shall report their contractual flows and contingent outflows, with such flows to be allocated across the twenty-two time buckets according to their residual maturity, with days referring to calendar days.

As further described under paragraph 8 of Annex XXIII of Regulation (EU) No 680/2014, cash outflows and inflows in the respective sections “outflows” and “inflows” shall be reported on a gross basis with a positive sign and amounts due to be paid and received shall be reported respectively in the outflow and inflow sections.

Against this background, interest outflows resulting from negative interest rates are to be reported in row 370 (“Other outflows”) with a positive sign. In the same vein, interest inflows resulting from negative interest rates are to be reported in row 690 (“Other inflows”) with a positive sign.

Status
Final Q&A
Answer prepared by
Answer prepared by the EBA.

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