Our question regards the presentation both of assets and of liabilities when a shock does not bite
Our question regards the presentation both of assets and of liabilities when a shock does not bite and, therefore, does not give rise to a capital requirement.

The log states that cell A1 should be completed with “the total value of the assets sensitive to interest rate down shock risk, before shock” and that B1 should be populated with “the absolute value of assets subject to interest rate down risks after the shock”.

Similarly, the completion instructions for A1A and B1A are “the total value of the liabilities sensitive to interest rate down shock risk, before shock” and “the absolute value of liabilities (including the loss absorbing capacity of technical provisions) subject to interest rate down risks after the shock” respectively.

One approach is to enter zero in all the above cells since the shock is not biting and, therefore, it could be argued that “the total value of the [assets or liabilities] sensitive to interest rate down shock” is zero. This would show a zero capital requirement in cell C1.

An alternative approach is to enter identical numbers in A1 and B1 for the value of the assets and identical numbers in A1A and B1A for the value of the liabilities resulting also in a zero capital requirement in cell C1.

Can you confirm which approach is appropriate for these cells (and also for cells A2, B2, A2A and B2A)?