An undertaking that provides cash to its reinsurance clients for reinsurance business accepted would record a reduction in its cash and a receivable from the clients recorded as Deposits to Cedants (CIC 75). This transaction is undertaken as part of a collateral arrangement so the client can protect itself against counterparty risk. In the QRT S.06.02 in field C0100 "Asset pledged as collateral" which option should the undertaking disclose for these receivables from clients? Our understanding is that Deposits to Cedants have already been "provided" to the counterparty and as such are "not pledged". Therefore, we propose to disclose Deposits to cedants in S.06.02 as "9 - Not Collateral", because they are not pledged. Could you please confirm this is correct?