Question ID: 1368
Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Article: 35
Template: S.06.02
Status: Final
Date of submission: 14 Jun 2018
Question
Is the CIC of a repurchase agreement on the S.06.02 the CIC of the repurchase agreement ##24 or the CIC of the underlying (Ex. CIC of #11 if the underlying is a Treasury)?
EIOPA answer
EIOPA clarifies the treatment in S.06.02 regarding repurchase agreements:
Reporting of this operation by the seller of the repo (receiver of the cash funds):
Three rows related to this operation will be reported:
1) Row for the asset lended:
C0290 (CIC): CIC corresponding to asset lended
C0100 (Asset pledged as collateral): identify that the asset is pledged as collateral in a repo (option 4)
2) Row for the cash and cash equivalent:
C0290 (CIC): CIC 72/73 (deposits)
(note that the amount identified as collateral for repos will have amounts "duplicate" as the asset lended remains in the balance-sheet and the loan/deposit received is also recognised in the balance-sheet)
Reporting of this operation by the buyer of the repo (cedant of the cash funds):
1.Row for the loan provided
C0290 (CIC): CIC 85 (Other collateralized loans made) corresponding to the loan
C0100 (Asset pledged as collateral): Option 9 – no collateral