Question ID: 564
Regulation Reference: (EU) No 2015/35 - supplementing Dir 2009/138/EC - taking up & pursuit of the business of Insurance and Reinsurance (SII)
Topic: Solvency Capital Requirement (SCR)
Article: 189
Status: Final
Date of submission: 15 Jan 2016
Question
Do total receivables (amount from IFRS balance sheet) or receivables from SII balance sheet (diminished amount), which is result of excluding from assets the part of receivables which is taken as a cash inflow during creating cash flows for calculation of premium reserves as a part of Best Estimate, entry in counterparty default risk on type 2 exposures?
EIOPA answer
When calculating the capital requirement for counterparty default risk on type 2 exposures the value of receivables from the Solvency II balance sheet and not from the IFRS balance sheet should be taken into account.