Question ID: 2396
Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Topic: Reporting Templates
Article: 35 of SII Directive
Template: S.03.01
Status: Final
Date of submission: 24 Feb 2022
Question
S.11.01 If we had a pledge (some funds and Bonds deposited with a depositary) would such securities be reported in S.11.01? Just because they’re deposited with a depository doesn’t mean we have possession, right?
EIOPA answer
In the case the insurers is the seller in a repo (receiver of the cash funds), the asset ceded (pledged) remains on the insurers' balance sheet. The cash received is reported in S.10.01 a no information needs to be reported in S.11.01.
In the case the insurers is the buyer in a repo (cedant of the cash funds), the asset received is not recognised in the insurers' balance sheet. In S.11.01 most columns to be filled in for the asset held as collateral. Also S.03.01 and S.10.01 need to be filled in in this case.