Question ID: 2281
Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Topic: Reporting Templates
Article: ANNEX VI Definitions of the CIC Table(Supra-national bonds)
Template: S.06.02
Status: Final
Date of submission: 16 Apr 2021
Question
The Definition for CIC "12" refers to Bonds issued by public institutions established by a commitment between national states, e.g. issued by the multilateral development bank referred to in paragraph 2 of Article 117 of Regulation (EU) No 575/2013 or issued by the international organisation referred to in Article 118 of Regulation (EU) No 575/2013. What about other public institutions like Inter-American Investment Corporation, the Black Sea Trade and Development Bank, the Central American Bank for Economic Integration ,the CAF-Development Bank of Latin America, The West African Development Bank (BOAD) or The Black Sea Trade and Development Bank (BSTDB) which are not mentioned in paragraph 2 of Article 117 of Regulation (EU) No 575/2013? Do these institutions also qualify to get the CIC 12? My confusion kommes from "e.g." in the definition of CIC12, why I think thas it is not a closed list?
EIOPA answer
The CIC code 12 "supra-national bonds" refers to bonds issued by public institutions established by a commitment between national states, that fulfil the condition of a government bond. The part following "e.g." is not a closed list.
Government bonds are bonds issued by public authorities, whether by central governments of supra-national government institutions, regional governments or local authorities and bonds that are fully, unconditionally and irrevocably guaranteed by the European Central Bank, Member States' central government and central banks denominated and funded in the domestic currency of that central government and the central bank, multilateral development banks referred to in paragraph 2 of Article 117 of Regulation (EU) No 575/2013 or international organisations referred to in Article 118 of Regulation (EU) No 575/2013, where the guarantee meets the requirements set out in Article 215 of Delegated Regulation 2015/35