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European Insurance and Occupational Pensions Authority
 

3499

Q&A

Question ID: 3499

Regulation Reference: (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision

Topic: Reporting Templates

Template: S.06.02

Status: Final

Date of submission: 21 Jan 2026

Question

We would like to clarify how to report the CIC code for corporate bonds. Is it correct to take the view that bonds that are not convertible, covered, short-term, hybrid, subordinated, with additional features that distinguish them from "plain vanilla" bonds, consisting in the possibility of early repayment, margin modification or other additional characteristics, should be marked with CIC code 29 (other corporate bonds)? The technical description of the CIC code indicates that the code ##21 should be used for bonds with simple characteristics, usually including "plain vanilla" bonds, which do not belong to other categories specified in the description. There is currently no consistency when reporting the same bonds.

EIOPA answer

If a corporate bond is not meeting any of the characteristics of the CIC 21 to CIC 28 categories (e.g. not with any additional features that distinguish it from "plain vanilla" bond and is not convertible, covered, short-term, hybrid, subordinated) it shall be classified as CIC 29.