Question ID: 2075
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: 25 Nov 2019
Question
According to validation BV823 (S0802) and BV1014 (S0801) Premium paid to date must be >0. If no option is for the Interest Rate Swap, no premium has been paid. We show "0" in the report, which show error, due to BV823 and BV1014. Should we left this field blank, if no premium has been paid of received?
Is this applicable to Interest Rate Swap (XTD1)?
EIOPA answer
If no premium has been paid, the field 'premium paid to date' should be left blank. This is applicable to all derivatives. See also Q&A2063.