Question ID: 2975
Regulation Reference: (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision
Topic: Reporting Templates
Article: ANNEX VI Definitions of the CIC Table
Template: S.06.02
Status: Revised
Date of submission: 09 Feb 2024
Question
With regards to the updates within CIC taxonomy introduced in Commission Implementing Regulation (EU) 2023/894, I'd appreciate EIOPAs guidelines on several CIC categories for government bonds: Category 15 and 16: Could you please clarify if, similarly to the category 11, the criteria of currency are applicable for categories 15 and 16, meaning that instruments denominated in a currency which is different from the domestic currency of the issuer/guarantor should be excluded from these categories. Category 17: Could you please confirm if bonds that are fully, unconditionally and irrevocably guaranteed by central banks outside of EU/EEA should also belong to this category. Category 18 and 19 Could you please confirm if instruments that are fully, unconditionally, and irrevocably guaranteed by Member States’ central governments and central banks which are denominated in a currency which is different from the domestic currency of the guarantor should belong to category 18, or rather to category 19 (as no other seem to be applicable). Could you please confirm which CIC category is appropriate for instruments that are fully, unconditionally, and irrevocably guaranteed by non-EU/EEA central governments. Shall they be considered as corporate instruments?
Background of the question
We'd require more clarity on the updated CIC definitions of government bonds.
EIOPA answer
The answer to this question was revised on 11 August 2025:
- In case the instruments are government bonds which are denominated in the domestic currency, they should be reported as category 18. Covered bonds and treasury bonds which are issued by central governments and central banks and bonds that are fully, unconditionally and irrevocably guaranteed by the European Central Bank, Member States’ central government and central banks in case of different currency than the central government are to be reported with category 15 and 16.
- Bonds that are fully, unconditionally, and irrevocably guaranteed by central banks outside of EU/EEA should also be reported with CIC code 17.
- Instruments that are fully, unconditionally, and irrevocably guaranteed by Member States' central governments and central banks which are denominated in a currency which is different from the domestic currency of the central bank or central government should be reported with CIC code 18.
- Instruments that are fully, unconditionally, and irrevocably guaranteed by non-EU/EEA central governments should be categorised with CIC code 2.
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Old answer published until 11 August 2025:
- In case the instruments are government bonds which are denominated in the domestic currency, they should be reported as category 18. Covered bonds and treasury bonds which are issued by central governments and central banks and bonds that are fully, unconditionally and irrevocably guaranteed by the European Central Bank, Member States' central government and central banks in case of different currency than the central government are to be reported with category 15 and 16.
- Bonds that are fully, unconditionally, and irrevocably guaranteed by central banks outside of EU/EEA should also be reported with CIC code 17.
- Instruments that are fully, unconditionally, and irrevocably guaranteed by Member States' central governments and central banks which are denominated in a currency which is different from the domestic currency of the central bank or central government should be reported with CIC code 18.
- Instruments that are fully, unconditionally, and irrevocably guaranteed by non-EU/EEA central governments are classified similarly as their EU/EEA counterparts should be categorised with CIC code 2.