Question ID: 2791
Regulation Reference: (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision
Topic: Reporting Templates
Article: N/A
Template: S.08.01
Status: Final
Date of submission: 18 Sep 2023
Question
This is a question regarding the Notional Amount of the derivative reported in the S.08.01 QRT. As specified in the 2.8 Taxonomy log, this field is "The amount covered or exposed to the derivative, reported in the original currency.". Since the log now expressly states that the Notional amount has to be reported in the original currency and it's equal to Contract size * Number of contracts * Trigger value, should these factors be counter-valued or kept in their original currency?
EIOPA answer
The template is to be reported in reporting currency. Only if specified in the logs, the original currency should be reported – for example in the case of the notional amount.