Question ID: 138
Regulation Reference: Guidelines on submission of information to NCAs (Preparatory phase)
Article: 35
Template: S.06.02
Status: Final
Date of submission: 27 Jan 2015
Question
For S.06.02 (D1) field A6 (Asset pledged as collateral) is requested to report the Asset given within the following closing list:
- Assets in the balance sheet that are collateral pledged: CP
- Collateral for reinsurance accepted: CR
- Collateral for securities borrowed: CB
- Repos: R
Since the scope of the field A6 is to display the asset present in the Balance Sheet, how do we display the "Collateral for securities borrowed: CB" that are received? Should not be part of D6 (Asset held as collateral)?
EIOPA answer
S.11.01 (old Assets-D6) should include only off-balance-sheet items.
If the company receives collateral, registered in the balance-sheet, for securities that were borrowed by the undertaking, then the security needs to be reported in the S.06.02. and the preferred option chosen in field A6.