FINREP: F8.1 Breakdown of financial liabilities by product and by counterparty sector

The intention of column 050 in FINREP template F 08.01 "Amount contractually required to pay at maturity" is to cover all portfolios and not to be restricted to the deposits and debt securities issued under the "Designated at fair value through profit or loss" portfolio as the reference made to IFRS 7.10(b), which covers only the Fair value option portfolio, may lead. This interpretation is consistent with the categorisation of column 050 in the DPM that does not restrict the information to any accounting portfolio and with the treatment given to non-IFRS Institutions as the legal reference included for them, ECB/2008/32 art 7(2), does not mention any portfolio restriction either. The disclosure of the outstanding principal in column 050 of F 08.01 allows the identification of the gap between the nominal and the market value for liabilities that are measured at fair value. For the amortised cost financial liabilities, the gap between the carrying amount and the amount contractually required to pay at maturity will be mainly due to the accrued coupon. The reference made to IFRS 7.10(b), which covers only the FVO portfolio, may be misleading and will be removed in future versions of the ITS.