Question ID: 1262
Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Article: 35
Template: S.10.01
Status: Final
Date of submission: 21 Jul 2017
Question
I am contacting regarding a clarification needed upon ITS logs for QRTs S.10.01*. The general comments specify that "Each repo and securities lending contract shall be reported in as many lines as needed to provide the information requested. If for one item one option fits one part of the instrument being reported and a different option fits the other part then the contract needs to be unbundled unless is stated otherwise in the instructions.".
We can observe that this is made technically possible with the use of a 'Line identification' upon template, which allows for several lines to share the same identification information. However, we wanted to confirm with you that one or several securities lending or repo contracts could share the same fund number, portfolio, asset category, and counterparty identification, but still have different Near leg/Far leg amounts, as well as Start/Maturity dates?
EIOPA answer
Each repo and securities lending contract shall be reported in as many lines as needed to provide the information requested. If for one item one option fits one part of the instrument being reported and a different option fits the other part then the contract needs to be unbundled unless is stated otherwise in the instructions. E.g. in the example provided by you, different Start/Maturity dates will lead to unbundling the contract.
In such case as observed by you it is technically possible with the use of a 'Line identification' several lines to share the same identification information.