Question ID:
Legal Act:
Regulation (EU) No 575/2013 (CRR)
Supervisory reporting - COREP (incl. IP Losses)
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations:
Regulation (EU) 2021/451 – ITS on supervisory reporting of institutions
Disclose name of institution / entity:
Type of submitter:
Credit institution
Subject Matter:
v10703_h/ v10711_h

Should the validation rules v10703_h/ v10711_h be deactivated?

Background on the question:

The validation rules v10703_h and v10711_h compare the exposure values between C 08.01 and C 34.07.

  • v10703_h: [C 08.01.a] {C 34.07, r0180, c0010, s0004} = + {C 08.01.a, r0050, c0110, s0004} + {C 08.01.a, r0060, c0110, s0004} + {C 08.01.a, r0040, c0110, s0004}
  • v10711_h: [C 08.01.a] {C 34.07, r0180, c0010, s0012} = +{C 08.01.a, r0050, c0110, s0012} + {C 08.01.a, r0060, c0110, s0012} + {C 08.01.a, r0040, c0110, s0012}

According to Annex II to the ITS, section, instructions on rows '0010-0170', the CCR Exposure in C 34.07 shall be allocated to the appropriate bucket of the fixed PD scale based on the PD estimated for each obligor assigned to this exposure class, without considering any substitution due to the existence of a guarantee or a credit derivative. In C 08.01 the exposure amounts were allocated with considering substitution effect (Credit risk mitigation as defined in Article 4(1), point (5), CRR). 

Date of submission:
Published as Rejected Q&A
Rationale for rejection:

This question has been rejected because the issue it deals with is already explained or addressed in the instructions on column 0010 of template C 34.07 of Annex I to Regulation (EU) 2021/451, as provided in Annex II thereto, in conjunction with the instructions on column 0170 of template C 34.02 of Annex I to that Regulation.

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Rejected question