Question ID: 1593
Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Article: 35
Template: S.08.02
Status: Final
Date of submission: 27 Jul 2018
Question
The reporting entities understand the term “closed derivatives” differently.
We would like to confirm what the correct definition is. Could you please clarify whether the date of maturity is relevant for reporting S.08.02?
EIOPA answer
The 'close' is not related to the date of maturity but to the fact that the undertaking no longer holds the position, also including situation when maturity date is reached. If the undertaking had one position with maturity date of 2022 and had made a transaction to eliminate the position the position should be reported in S.08.02.