Single Rulebook Q&A

Question ID: 2018_4247
Legal act : Directive 2013/36/EU (CRD) as amended
Topic : Supervisory reporting
Article: 78
Paragraph:
Subparagraph:
COM Delegated or Implementing Acts/RTS/ITS/GLs: Draft ITS on Supervisory Reporting for Institutions (for benchmarking the internal approaches)
Article/Paragraph : annex 5, section 2
Type of submitter: Competent authority
Subject matter : Benchmarking - Market risk - instrument specification
Question:

In Annex 5, 2019 ITS, section 2 Instruments, equity instrument #18, the autocallable product is specified with a 6% coupon, without any memory characteristics. Could you confirm that the product has no memory feature regarding past coupons?

Background on the question:

instrument specification: details to be specified

Date of submission: 07/09/2018
Published as Final Q&A: 01/02/2019
EBA answer:

The submitter should report the Instrument number 18 considering as if it has no memory feature regarding past coupons.

Disclaimer

The present Q&A on Supervisory reporting is provisional. It will be reviewed after the Implementing Regulation is in force and published in the Official Journal. The text of the Implementing Regulation may differ from the text of the draft ITS to which this Q&A refers.

Status: Final Q&A
Permanent link: link