Question ID
2023_6906
Legal act
Regulation (EU) No 575/2013 (CRR)
Topic
Supervisory reporting - COREP (incl. IP Losses)
Article
430
Paragraph
1
Subparagraph
A
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
Regulation (EU) 2021/451 – ITS on supervisory reporting of institutions
Article/Paragraph
Annex II, C32.01
Type of submitter
Credit institution
Subject matter
reporting a negative value in C32.01, row 0120, column 0010
Question

In Annex II to Regulation (EU) 2021/451, chapter 6.1.2 referring to template C 32.01, about the row 0120,

it ‘s clearly stated that the “this row shall correspond to row 0250 of template F 01.01 of Annexes III and IV to this Implementing Regulation.”. In the FINREP template, the fair-value can be fed with a negative value. It is also stated for row 0010-0210 : "The definitions of these categories shall match those of the corresponding rows of FINREP templates 1.1 and 1.2" Conversely, in the definition of the column 0010, "Absolute value of fair-valued assets and liabilities, as stated in the financial statements

under the applicable accounting framework, as referred to in Article 4(1) of Delegated Regulation (EU) 2016/101,

before any exclusion in accordance with Article 4(2) of Delegated Regulation (EU) 2016/101."  In the case we have a negative fair-value in the row 0250 of template F01.01, is that negative value may be report in the C32.01, row 0120, column 0010 ? If not, what value should be reported ?

Background on the question
In the case of a negative fair-value in the row 0250 of template F01.01, we should comply with two opposite definitions.   1)      Comply with the definition of the row 0120 2)      Comply with the definition of the column 0010    In order to comply with between COREP and FINREP report, the negative value should be allowed for the line 0120, column 0010 of C32.01
Submission date
Rejected publishing date
Rationale for rejection

This question has been rejected because the issue it deals with is already explained or addressed in section 6.1.2 (instructions for column 0010 and rows 0010-0210) of Part II to Annex 2 to Regulation (EU) No 2021/451 (ITS on Reporting). For further information on the purpose of this tool and on how to submit questions, please see 'Additional background and guidance for asking questions'.

Status
Rejected question