Search QAs

Debit and credit accounts: What method of applying the threshold in the context of an SEO comprising positive and negative amounts (example debit and credit current accounts). SEO includes declaration of debit and credit accounts Can banks declare the balances if they exceed the threshold?

Derivatives (processing of operations with buying and selling positions), When transactions include both purchase and sale positions with the same counterparty on the same type of financial instrument, the SEO includes operations combining buying positions selling positions. Can banks declare the (contractual) net position if it exceeds the threshold?

Derivatives (processing of stock and expired operations within an SEO) : Can banks apply the threshold to expired and in stock transactions on the closing date in order to ensure the completeness of intra group exposures to be declared within this scope? With the fair value on the closing date?

How to treat in FC06 exposures deducted from Tier 1 and value adjustments, for which there is no reference in the instructions? We would like to propose in this regard an additional column for value adjustments, while the amounts deducted from Tier 1 directly diminish exposures.

The identification of operation in the period of reference must be done only for significant operations expired. Consequences: an operation under the threshold at reporting date must not be reported even if this operation has been above the threshold during the period of reference.

Can you confirm that facilities must be reported in the FC03 and not in the FC01 (column 180, value of collateral). As explained in the commission implementing regulation a facility is not a collateral.

The commission implementing regulation specifies that specific intragroup operations (single economic operation, indirect transactions) must be reported as follows: "Where the reported intra-group transaction is part of an indirect transaction, report the ‘ID of intra-group transaction’ (FC0010) of the related transaction in this cell. Where the reported intra-group transaction is not part of an indirect transaction, indicate ‘No’.

The commission implementing regulation specifies how to report repurchase agreements as follows (FC02 - IGT - Derivatives / FC0110): "a repurchase agreement shall be considered as cash transaction plus forward contract". 2 operations have to be reported: one in FC01 (cash operation) and one in FC02 (forward). Is it correct? On an accounting basis, these operations are treated as loans (asset received) and borrowings (asset lend) guaranteed by the asset ceded.

Mapping of values FC0100 in template FC.05 to the categories in FC.00: In the final ITS, the values of FC0100 in template FC.05 were expanded to a total of 9 categories, in particular to include insurance business-related values. For categories 5-9 (5 - "Costs or income", 6 - "Insurance premiums", 7 - "Receivables (for insurance)", 8 - "Reinsurance technical result", 9 - "Other"), a clear allocation to the categories in FC.00 ("Commissions paid to service providers", "Fees and other income", "Interest", "Dividends") should be specified.