Question ID: 837
Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Article: 35
Status: Final
Date of submission: 19 Oct 2016
Question
The first field C0370, clearly states that this need to be in the “reporting currency” and I can understand the reason for this, but the second field C0380 is not stipulated as such in the ITS.
This is an issue for us when our investments is not in the reporting currency and needs to be reported under C0380 - Unit Percentage of Par Amount SII Price.
So for example when we have a AUD investment with a reporting currency of GBP, should the Par Value:
a) reflect the original par value in the AUD, say 100
b) be converted to GBP where the value will be approximately, 57.
If the later, it could be read as we have lost value in the asset and are trading at half the price, which in reality is not.
I would really appreciate if someone can provide their feedback please.
EIOPA answer
C0380 is reported when C0140 is reported. The "Par amount" (C0140) should be reported in the reporting currency. Once this is done, C0380 (Unit percentage of par amount Solvency II price) should reflect the "real" % of par amount, in the example 100% as it is par value.