Question ID: 1803
Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Article: 35
Status: Final
Date of submission: 04 Apr 2019
Question
We would like to clarify the correct valuation method for CIC 73 and 74 (deposits other than cash equivalents). We believe that, if valued at outstanding amount + accrued interest (e.g. in case of term deposits shorter than 1 year), the correct valuation method is AVM. In case of a valuation based on quoted interest rate curves, we would expect QMPS to be the correct classification.
EIOPA answer
The valuation method used is up to the undertaking to decide, communicate and justify when asked. For CIC ##7# "1 - quoted market price in active markets for the same assets" and "3 — alternative valuation methods" are usually the valuation methods used.