EIOPA · 1058
1058
- Regulation
- (EU) No 2015/2452 - procedures, formats and templates of the solvency and financial condition report
- Article
- 35
- Submitted
- 2017-03-07
- Answered
- 2019-10-16
Question
Business Validation 137 does not seem to work entirely correct. While it functions in case of no aggregation and full aggregation of derivatives, it does not work in case of partially aggregation as decribed in the logfiles of S.08.01.
BV137 should be amended into:Template 1: S.02.01; Template 2: S.08.01; Filter: {S.08.01,c0080}=[s2c_LB:x91]; Expression: {S.02.01, r0190,c0010}-{S.02.01, r0790,c0010}=sum({S.08.01, c0240,(sNNN)})
Answer
BV 137 is correct. As the list of derivatives is compared to the total of Asset Derivatives and Liabilities Derivatives, the validation should be true with the use of “abs” regardless of any netting/type of aggregation performed by the undertakings.
This Q&A is published by European Insurance and Occupational Pensions Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.
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