Question ID
2018_4271
Legal act
Directive 2013/36/EU (CRD)
Topic
Supervisory reporting - Supervisory Benchmarking
Article
78
Paragraph
2
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
Regulation (EU) 2016/2070 - ITS on Supervisory Reporting (for benchmarking the internal approaches) (as amended)
Article/Paragraph
Annex I
Type of submitter
Credit institution
Subject matter
Reporting of collateral type in the template C 102
Question

How to report collateral type in the template C 102?

Background on the question

Reporting of collateral type in the template C 102.

According to the Draft ITS on 2019 portfolios in the supervisory benchmarking exercise (EBA-2018-ITS-04) published the last 2nd July 2018 in the Draft benchmarking package for 2019 exercise (end 2018 data), at Annex I template C 102 there are two types of collateral that was not in the annex I of last year (end 2017): Credit derivatives and Guarantees

All the collateral of Credit derivatives and guarantees were report in the previous exercise as “unfunded credit protection”.

In this exercise, these different collaterals were at the same level so we need to choose which ones to report to avoid creating duplication of information.

To be aligned with the COREP N08, the guarantees and credit derivatives belongs to a lower level than the unfunded credit protection.

Submission date
Final answer

In template C 102 of Annex I of the ITS on Supervisory Reporting for Institutions - for benchmarking the internal approaches (ITS on benchmarking) the collateralization type shall be reported as “Credit derivatives” or “Guarantees”, in accordance with  columns 150 and 160 of template 8.1 of Annex I to Regulation (EU) No 680/2014. The option “unfunded credit protection” should be understood as “other unfunded credit protection”, and should be used for exposures subject to the double default treatment, i.e. for guarantees and credit derivatives covering exposures subject to the double default treatment reflecting Articles 202 and 217(1) of Regulation (EU) No 575/2013, which is in line with column 220 of template 8.1 of Annex I to Implementing Regulation (EU) No 680/2014. In addition, the Legal Reference in column 120 of C 102 of Annex II of the ITS on benchmarking should be changed to “Columns 150 to 220 of template 8.1 of Annex I to Implementing Regulation (EU) No 680/2014 ”.

Please see also Q&A 2018_4093.

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
Archive
Answer prepared by
Answer prepared by the EBA.
Note to Q&A

Update 26.03.2021: This Q&A has been archived in the light of the most recent amendments to the ITS 2016/2070 on Supervisory Benchmarking.