Meaning of ‘intragroup’ for the purpose of reporting in COREP template C 67.00

What is the scope of ‘intragroup counterparties’ for the purposes of classification of funding in COREP template C 67.00, column 050 (Product Type)? Is particular, can funding from a parent entity in a third country be considered ‘intragroup’?

“Product type” in column 050 of template C 67.00 should be reported using one of the following categories: UWF (unsecured wholesale funding obtained from financial customers including interbank money) UWNF (unsecured wholesale funding obtained from non-financial customers) SFT (funding obtained from repurchase agreements as defined in point (82) of Article 4(1) of Regulation (EU) No 575/2013) CB (funding obtained from covered bond issuance as defined in Article 129(4) or (5) of Regulation (EU) No 575/2013or Article 52(4) of Directive 2009/65/EC) ABS (funding obtained from asset backed security issuance including asset backed commercial paper) IGCP (funding obtained from intragroup counterparties) OSWF (other secured wholesale funding) OFP (other funding products, e.g. retail funding) The classification as IGCP depends on the exact definition of “intragroup” that applies in this context. The reporting instructions do not specify exactly the intended scope, so it is not straightforward to establish whether it includes group members in third countries. In general, various definitions of “intragroup” can apply for different regulatory purposes in different contexts: A definition exist for EMIR purposes (Article 3(2) of Regulation (EU) No 648/2012 ), which is also used to unlock favourable prudential treatment in some cases (e.g. Article 382(4)(b) CRR). This definition is open to a certain amount of ambiguity about the treatment of third-country counterparties (see here , paragraphs 72-81). Another broad definition is used in the context of conglomerates (Article 2(18) of the Directive 2002/87/EC ). Criteria related to the definition of “intragroup” are defined for the purpose of favourable treatment of liquidity outflows in Article 422(8)(a) CRR – Article 29(1)(b) of the LCR Delegated Act.