Question ID: 2847
Regulation Reference: (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision
Topic: Validations
Article: N/A
Template: S.08.01
Status: Final
Date of submission: 30 Oct 2023
Question
I would like to have some insight regarding the validation rules TV1002_1 & TV1002_2 .These validations check that the amount specified in the notional amount of the derivative in original currency (C0131) matches with the currency input of the field Currency (C0370).However, I cannot see how we can compare figures with currencies? Do you have an example to provide for this validation?
EIOPA answer
The TV1002 rules compare currency reported in column C0370 with the unit of a fact provided for C0131 column.
Please note that in the XBRL instance each value have a unit attached. For example:
[…]
<xbrli:unit id="u-1">
<xbrli:measure>iso4217:EUR</xbrli:measure>
</xbrli:unit>
[…]
<s2md_met:mi2822 contextRef="c-2" decimals="2" unitRef="u-1">100</s2md_met:mi2822>
Would mean that 100 EUR is reported. The check needs to compare this unit (here a currency) with the value reported for column C0370 (for matching derivative ID):
<s2md_met:ei1024 contextRef="c-5">s2c_CU:EUR</s2md_met:ei1024>
Summarising, validation will throw error where the notional value of derivative is provided in unit not matching the currency reported in C0370.