- Question ID
-
2014_1051
- Legal act
- Regulation (EU) No 575/2013 (CRR)
- Topic
- Liquidity risk
- Article
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425
- Paragraph
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2
- COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
- Draft ITS on Supervisory Reporting of Institutions
- Article/Paragraph
-
Annex XII, C53.00, r 980
- Type of submitter
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Credit institution
- Subject matter
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Other Inflows
- Question
-
Can the proceeds from the debt instruments issue completed by the SPV of the bank qualify for reporting as Other inflows (Annex XII, C 53.00, r 980, EBA ITS) 30 days in advance of the issue date, if the Deposit Agreement of transferring the deposit to the ownership of the bank on the issue date is signed earlier?
- Background on the question
-
The SPV (Depositor) of the Bank (Guarantor) issued a Tranche of Eurobonds under the EMTN programme and under the previously signed agreement to transfer the deposit of the issue to the ownership of the Bank on the issue date. On the reporting day, the contractual inflow from the deposit is recognised as off-balance sheet position of the bank. Can the Bank, after the completion of the transaction, recognize the net proceeds of the deposit as an contractual inflow in the LCR calculation at stand-alone basis already 30 days in advance of the issue date according to the Article 425(2) CRR, if the Deposit Agreement guarantees the contractual inflow within 30 days and for which institution has no reason to expect non-performance?
- Submission date
- Rejected publishing date
-
- Rationale for rejection
-
Please note that as part of adjustments to the Single Rulebook Q&A process, agreed by the EBA and the European Commission, it has been decided to reject outstanding questions submitted before 1 January 2020, when the Q&A process was updated as part of the last ESAs Review. In particular, the question that you have submitted has now regrettably been rejected and will not be addressed.
If you believe your question would still benefit from clarification, you are invited to resubmit your question, adapting it to reflect any legislative, regulatory or other relevant developments that may have occurred since the initial date of submission. The EBA will aim to address resubmitted questions as a matter of priority. When considering to resubmit, you are kindly requested to observe the updated admissibility criteria agreed in the context of the adjustment of the Q&A process, available in the Additional background and guidance for asking questions. We hope for your understanding.
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- Status
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Rejected question