Question ID: 435
Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Article: 35
Template: S.12.01
Status: Final
Date of submission: 17 Dec 2015
Question
Some of the QRTs (such as S.12.01.01, S.13.01.01) are populated with the cash in-flows and out-flows reflected in the best estimate while S.14.01.01 is populated with a listing of premium and claim cash-flows. Which sign convention should be used?
a. Both in-flows and out-flows are shown with positive signs.
b. In-flows are shown with positive signs and out-flows are shown with negative signs.
c. In-flows are shown with negative signs and out-flows are shown with positive signs (for consistency with the sign of the Best Estimate on S.12.01.01).
EIOPA answer
All values in the quantitative reporting templates are to be reported as positive values unless specifically said otherwise (examples: “This value shall be reported as a negative value” in S.12.01/R0110; “and negative if they decrease the amount of the item” in S.22.01.).