Should the credit quality step for an undertaking using the stadard formula be reported when there is no readjustment to the external rating made internally, or should this field be left blank (for the relevant CIC categories).

That is, when a particular asset has an external rating and this external rating is used for the purposes of calculating the SCR without internal readjustment, it is our understanding that an undertaking using the external formula will only fill in cells C0320 and C0330, and will leave cell C0330 blank. Cell C0330 will only be reported if the undertaking on standrad formula has used an internal rating for purposes of calculating the SCR.