Question ID: 1775
Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Article: 35
Status: Final
Date of submission: 07 Feb 2019
Question
We read EIOPA's answer to question #1368, where you stated that 1) a repurchase agreement should be reported in two lines with CIC corresponding to the lended asset and **7* for the cash received and 2) a reverse repo should be reported with CIC XT85 (collateralized loan). This is somehow confusing, as the definition of the CIC category 24 (money market insturments) includes explicitly "repurchase agreements (repos)".
Could you please clarify what is the correct treatment of repos/reverse repos and when the CIC category 24 should be used?
EIOPA answer
EIOPA confirms the answer to Q&A 1368. Please be aware that the definition of the CIC category 24 (money market instruments) have been amended with the Amendment to the Implementing Technical Standard on Reporting (2018) and it doesn't include explicitly "repurchase agreements (repos)".