Question ID: 2004
Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Topic: Reporting Templates
Article: 35
Template: S.08.01
Status: Final
Date of submission: 12 Aug 2019
Question
In the S.08.01 we report the opening price of the future as the Trigger Value. Do you expect the closing price of the future to be reported as trigger value in the S.08.02?
EIOPA answer
For future derivative contracts trigger value, both in S.08.01 (C0390) and S08.02 (C0330), is the price of the future meaning the price at which the contract traded at origination and it does not change through time. Therefore the trigger value for the same derivative contract should be the same independently on whether the position is still open, in which case it has to be reported in S.08.01 at reporting date, or whether the position has been closed during the last quarter, in which case it has to be reported in S.08.02.