1035

A forward exchange rate agreement is a forward contract in which one party pays an amount in one currency, and receives an equivalent amount in a different currency resulting from the conversion using the contractual exchange rate, at the predefined forward date (CIC E.2). In the QRT S.08.02 in field C0090 “Instrument underlying the derivatives”, the log indicates that this item is to be provided only for derivatives that have a single or multiple underlying instruments in the undertakings’ portfolio. In the case of CIC E.2 – forward exchange rate agreement, the instrument underlying the derivatives are currencies. Therefore, we propose to disclose “Multiple assets/liabilities” as Instrument underlying the derivatives for a forward exchange rate agreement (CIC E.2). Could you please confirm this is correct?