Values pre or post conversion factors

Should institutions report in C 07.00 columns 160-190 a) the amounts of column 150 allocated to each conversion factor after or before the application of conversion factors?

Neither Annex I nor Annex II provides clear guidance, whether columns 160-190 of template C07.00 shall be reported after (Option a) or before (Option b) the application of the conversion factors. However there is some indication that option b) is relevant for reporting. For example, in column 150, the fully adjusted exposure value E* (or the values of column 110, if the Financial Collateral Simple Method is used, see also v0307_m) is reported. Columns 160-190 are connected with column 150 via the heading 'breakdown of the fully adjusted exposure of off-balance sheet items by conversion factors' and therefore have - to a certain extent - the character of "of which"-positions. These columns seem to provide further information on the composition of column 150 in case of off-balance-sheet items and should therefore contain amounts without the application of conversion factors. The result of weighting the amounts of column 150 with the conversion factors would then be reported in column 200 'Exposure value'. Option b) would also be in line with validation rule v0308_m which checks the correctness of column 200 with the formula {c200} = {c150} - {c160} - (0.8 * {c170}) - (0.5 * {c180}).