Question ID: 2215
Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Topic: Reporting Templates
Article: N/A
Status: Revised
Date of submission: 28 Oct 2020
Question
In relation to EIOPA Q&A 1904 please provide clarity on the following matters: The question is regarding the sale of equity. Are we correct to assume that in this context the term equity refers to the sale of common equity shares held and then sold by the company, and not the sale of the company’s own shares? Furthermore, the answer concludes that a CIC Code XT79 is correct classification to assign to the short term cash receivable for the sale of equity. Would this conclusion hold true for the sale of bond holdings too? If not, please explain what CIC Code should be used for the short term cash receivable for the sale of bonds held by a company?
Background of the question
EIOPA Q&A 1904
EIOPA answer
The conclusion from Q&A 1904 also applies to bonds and the selling of own shares. Given that the instrument has been sold, but the payment is still pending on the reference date, the value should be reported as XT79, “Any other assets, not elsewhere shown” (R0420).