1697

Please, note that consistence does not mean the same values considering the different valuation approaches. We have the validation required by BV510 just for S.23.03 and S.29.04 where we expect to be almost the same values. The values from Technical Flow in S.29.03. are in line with S.05.01 because there is a connection with amounts reported in template S.05.01. However, template S.05.01 is to be reported from an accounting perspective, i.e: Local GAAP or IFRS if accepted as local GAAP while templates S.29 should use Solvency II calculation. The amounts to be reported in this table should be consistent with the ones reported in S.05.01. The assumption is that any technical cash-in and out flow will be reflected as well in the responsibility assumed in the best estimate.