Question ID: 929
Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Article: 35
Status: Final
Date of submission: 27 Jan 2016
Question
What is the correct CIC category for registered bonds (Namensschuldverschreibung) and bonded loans/promissory notes (Schuldscheindarlehen)?
We believe that these instruments are very similar to loans and should be classified as 8 (loans). Nevertheless, we've been told by some authorities that they expect these assets to be classified as 1 (government bonds) or 2 (corporate bonds).
EIOPA answer
The securities identified (Schuldscheindarlehen (SSD) as well as Namensschuldverschreibungen (NSV)) should in fact be classified as CIC 1 or CIC 2.