- Question ID
-
2025_7615
- Legal act
- Directive 2014/59/EU (BRRD)
- Topic
- Resolution plans
- Article
-
Article 17
- COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
- Draft ITS on the provision of information for the purpose of resolution plans
- Article/Paragraph
-
ITS on supervisory reporting
- Type of submitter
-
Consultancy firm
- Subject matter
-
Liability category of margins received
- Question
-
Could you please clarify if margins received, part of a repo or derivative netting agreement can always, regardless of whether the netting results in a net liability or asset position, be considered r0120 - Secured liabilities, or should be allocated to other liability categories as defined in Resolution Plans report Z02?
- Background on the question
-
According to the definition of r0120 - Secured liabilities, a liability position can only be considered secured if linked to an asset. However, due to different valuations, margins received may be linked to a net liability position through the netting agreement from the perspective of the reporting entity.
- Submission date
- Rejected publishing date
-
- Rationale for rejection
-
This question has been rejected because it is considered that EBA guidance or clarification is not needed with regard to the issue that it raises. This can be the case where it is considered that the existing regulatory framework is sufficiently clear and unambiguous, or where the Q&A may pre-empt policy work currently in progress on Level 2 and 3 measures.
The Single Rule Book Q&A tool has been established to provide explanations and non-binding interpretations on questions relating to the practical application or implementation of the provisions of legislative acts referred to in Article 1(2) of the EBA’s founding Regulation, as well as associated delegated and implementing acts, and guidelines and recommendations, adopted under these legislative acts.
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
