EIOPA · 1333
1333
- Regulation
- (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
- Article
- 35
- Submitted
- 2017-09-01
- Answered
- 2019-10-08
Question
In Solvency II S.08.02 we report the closing FX forward. What should we report in the column "Solvency II Value". We expect to fill in "0", because the value of the derivative on reporting date is 0, because the position is closed. Do you agree with it?
Answer
In C0230 of the template S.08.02 the value of the derivative should be calculated as defined by article 75 of the Directive 2009/138/EC at the trade (closing or sale) or maturity trade date, and not on reporting date. It can be positive, negative or zero. If the value is 0 then you should report 0.
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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