EIOPA · 138
138
- Regulation
- Guidelines on submission of information to NCAs (Preparatory phase)
- Article
- 35
- Submitted
- 2015-01-27
- Answered
- 2019-10-31
Question
For S.06.02 (D1) field A6 (Asset pledged as collateral) is requested to report the Asset given within the following closing list:- Assets in the balance sheet that are collateral pledged: CP- Collateral for reinsurance accepted: CR- Collateral for securities borrowed: CB- Repos: R
Since the scope of the field A6 is to display the asset present in the Balance Sheet, how do we display the "Collateral for securities borrowed: CB" that are received? Should not be part of D6 (Asset held as collateral)?
Answer
S.11.01 (old Assets-D6) should include only off-balance-sheet items.If the company receives collateral, registered in the balance-sheet, for securities that were borrowed by the undertaking, then the security needs to be reported in the S.06.02. and the preferred option chosen in field A6.
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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