The template C 33.00 requires information on the residual maturity of exposures to counterparty ‘General governments’ as defined in paragraph 42 (b) of Annex V to be computed in days between the contractual date of maturity and the reporting reference date for all positions. As the template C 33.00 does not distinguish between sound (performing), defaulted or past due exposures, this classification has no impact for the allocation to the time-buckets. It is always the contractual date of maturity that matters to assign exposures to maturity buckets.

When the reporting reference date is before the contractual date of maturity (including cases where the original schedule of payment has been modified, but still provide a clear calendar of expected payments), the exposure shall be allocated to the respective bucket accordingly.

When the reporting reference date is after the contractual date of maturity (i.e. the difference between reporting reference date and maturity date is a negative value), the exposure shall be allocated to the bucket [0 – 3M].

Exposures without residual maturity (e.g. perpetuals) shall be allocated to the residual maturity bucket following its period of notice or other contractual indication about maturity.  In case there is no predefined period of notice, exposures shall be allocated to the residual maturity bucket [10Y – more].

Instructions (Annex II, Section 7 of Commission Implementing Regulation (EU) No 680/2014 in its latest version) will be amended at the earliest possible date to reflect this approach.