As per Q&A 975, C0150 Valuation method in SE.06.02 should be reported as "quoted market price [QMP] in active markets for the same assets" for "current accounts". By "current accounts" we are inferring that these would be considered CIC72 assets. Q&A 729 indicates CIC71 (generally interchangeable with CIC72 deposits) should be QMP unless specific situations apply in relation to the exchange rate used. We would argue that QMP indicates the highest level of valuation certainty, as pricing information is known on a continuous basis. This is equivalent to the default valuation methodology, “quoted market price in active markets for the same assets”, which is the most reliable valuation methodology and reflects the expectations of market participants. However, the undertaking holds the view that CIC72, Cash, is essentially fixed value and readily known, meaning that we do not need to rely on an active market to determine it’s worth. Also, from an accounting point of view, cash is carried at face value and not fair value (essentially the same thing because cash does not fluctuate like other assets). “QMP” valuation method corresponds to a price quoted on an active market and is not relevant for CIC 72 as cash is not an asset quoted on an active market. The use of AVM is more relevant to cash.

The question has been rejected, because the issue it deals with has already been answered in Q&A 729, 975 and 1803. Please note that according to the Q&A 1803 “The valuation method used is up to the undertaking to decide, communicate and justify when asked. 

For CIC ##7# "1 - quoted market price in active markets for the same assets" and "3 — alternative valuation methods" are usually the valuation methods used.” while Q&A 975 clarifies that in case of current accounts the valuation method to be used should be "1 - quoted market price in active markets for the same assets".