Question ID
2022_6397
Legal act
Regulation (EU) No 575/2013 (CRR)
Topic
Supervisory reporting - COREP (incl. IP Losses)
Article
99
Paragraph
1
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
Regulation (EU) 2021/451 – ITS on supervisory reporting of institutions (repealed)
Article/Paragraph
Annex II, Part II, paragraph 3.8.3
Type of submitter
Credit institution
Subject matter
Validation rule v7371 - Securitization Template C 14.00
Question

Should validation rule v7371 be a blocking error in case of a securitisation transaction under a replenishment period?

Background on the question

The validation rule is implemented to check whether the total value of the securitised exposures in c140 of C14.00 equals the sum of columns c230, c240 and c250. In certain securitisation transactions, where a replenishment period is prescribed, tranche amortization is not always allowed. Therefore, during the period between the last replenishment date and the reference date, the amortization of the underlying pool of exposures (securitised exposures) might generate a gap between the amount reported in c140 and the sum of columns c230, c240 and c250.

Submission date
Rejected publishing date
Rationale for rejection

This question has been rejected because the issue it deals with is already explained or addressed in the applicable list of validation rules published in accordance with Article XV to Regulation (EU) 2021/451 (ITS on Supervisory Reporting).

Status
Rejected question