Reporting of credit quality step where no rating is present

According to the specific instructions for column c070 in C 71.00 contained in Annex XXI, where there is no rating, the credit quality step ‘non-rated’ shall be assigned. However, DPM 2.7 does not foresee such a possibility, as possible values for column c070 go from CQS1 to CQS11 plus the residual value ‘CQS other’. In this respect no change was introduced with DPM 2.8. Therefore, annex XXI will be amended specifying that "Counterparties recorded in column c010 shall be assigned the appropriate credit quality step in accordance with Regulation (EU) No 575/2013, which shall be the same as that of the items reported in the maturity ladder. Where they have no rating, they shall be assigned 'CQS other'”.