Question ID: 1786
Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Article: 35
Status: Final
Date of submission: 17 Jan 2019
Question
We are unsure about how "in the same way as in positive amounts" in the answer to Q&A 1191 is to be interpretated. Should one when sorting the liabilities distributed on currencies from highest to lowest either:
1) List negative values below positive (keep signs).
2) Use absolute values.
3) Revert the signs of all values if the reporting currency value is negative.
or use a fourth approach?
EIOPA answer
We confirm that option 1) "List negative values below positive (keep signs)" is to be used.
Example:
Assets: 1000 EUR + 10 USD
Liabilities: 900 EUR – 10 USD
Total Assets: 1010
Total liabilities: 890
In this example you need to report as many currencies as needed to report 90% of assets and liabilities in EUR
No need to report USD as 1000 Assets and 900 Liabilities in EUR to comply with the 90% threshold.