Question ID: 64
Regulation Reference: Guidelines on submission of information to NCAs (Preparatory phase)
Article: 35
Status: Final
Date of submission: 12 May 2014
Question
The field "Valuation method" has different list of possible values for non-derivative and for derivative assets:
Assets-D1/A24: QMP, QMPS, AVM, AEM, IEM
Assets-D2O/A29: Mark to market, Mark to model
Is there a reason behind using completely distinct categories and not, for example, reusing QMP, QMPS and AVM as options in both reports?
EIOPA answer
In fact, although named differently the methods should be the same. Therefore the valuation methods for the derivatives will be amended for the ITS and will reflect the following structure:
- quoted market price in active markets for the same assets or liabilities
- quoted market price in active markets for similar assets or liabilities
- alternative valuation methods.