Question ID:
2014_1661
Legal Act:
Regulation (EU) No 575/2013 (CRR) as amended
Topic:
Supervisory reporting - FINREP (incl. FB&NPE)
Article:
99
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations:
Regulation (EU) No 680/2014 - ITS on supervisory reporting of institutions (as amended)
Article/Paragraph:
Annex V
Disclose name of institution / entity:
No
Type of submitter:
Credit institution
Subject Matter:
FINREP template 9.2
Question:

In FINREP template F 9.2 (Other Commitments Received) what is the nature of the Commitments to include in this section? Does non-mandatory commitments as per example promissory notes received or confort letters should be considered as part of this section?

Background on the question:

Understanding: In our understanding only mandatory commitments (this is commitments that actually have a payment insurance greater than a non mitigated exposure) should be included here. This would exclude promissory note sand comfort letters.

Date of submission:
03/12/2014
Published as Final Q&A:
13/12/2019
EBA Answer:

Paragraph 102 of Annex V, Part 2 of the ITS refers to Annex I of Regulation (EU) n°575/2013 which provides a list of off-balance sheet exposure types by level of risk.

Consequently, the “other” items included in this list should encompass any commitment in which the institution might be bound to both revocably or irrevocably.

This entitlement shall be assessed on the basis of the legally binding terms and conditions of the agreement supporting the commitment.

 

Status:
Final Q&A