EBA · 2017_3221 Archive

Undrawn uncommitted credit lines

Regulation
Directive 2013/36/EU (CRD)
Article
78, para. 2
Topic
Supervisory reporting - Supervisory Benchmarking
Submitted by
Credit institution
Submitted
2017-03-10
Answer provided by
ESAs (EBA, ESMA, EIOPA)
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Question

What do we understand with "Undrawn uncommitted credit lines"? Are uncommited credit lines in the scope of the benchmarking? What kind of products are we talking about that fall into this category of facilities - are we talking about internal lines that have not been communicated to the customer? Are these relevant for COREP and the supervisory benchmarking?

Background

What do we understand with "Undrawn uncommitted credit lines"? Are uncommited credit lines in the scope of the benchmarking. What kind of products are we talking about that fall into this category of facilities - are we talking about internal lines that have not been communicated to the customer? Are these relevant for COREP and the supervisory benchmarking?

Answer

The term ‘undrawn uncommitted credit lines’ used for type of facility in the instructions of column 100 of C 102.00 of Annex II to the Draft ITS on Supervisory Reporting for Institutions for benchmarking the internal approaches (ITS on Supervisory Benchmarking) is not referring to uncommitted internal lines. The facilities to be covered in this portfolio are facilities that qualify for low risk based on Annex I, paragraph 4 (a) to Regulation (EU) No 575/2013 (CRR) and therefore referring to unconditional cancellable lines rather than uncommitted lines.   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.

Original source: European Banking Authority, Q&A ID 2017_3221

This Q&A is published by European Banking Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

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