LegalizeCommission Implementing Regulation (EU) 2023/894 of 4 April 2023 laying down implementing technical standards for the application of Directive 2009/138/EC of the European Parliament and the Council with regard to the templates for the submission by insurance and reinsurance undertakings to their supervisory authorities of information necessary for their supervision and repealing Implementing Regulation (EU) 2015/2450 (Text with EEA relevance)
This is the act as published. Later amendments are not folded into the text below: each one is a separate act in this repository and an entry in this law's history.
| ITEM | INSTRUCTIONS | |
| Facultative covers non–life | Facultative covers non–life | Facultative covers non–life |
| C0020 | Reinsurance program code | Undertaking specific reinsurance code that links the dominant treaty of reinsurance programme which also protects the risk covered by the facultative reinsurance. The Reinsurance program code shall be in line with the Reinsurance program code of S.30.03 – Outgoing Reinsurance Program in the next reporting year. |
| C0030 | Risk identification Code | For each line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, of non–life insurance a selection shall be made of the 20 largest facultative reinsurance exposures (part of sum insured transferred to all reinsurers) overall plus the largest two in each line of business if not covered by the 20 largest in terms of exposure that are subject to facultative reinsurance in force in the reporting period (also if they originated in preceding years). The code is a unique identifying number assigned by the insurer that identifies the risk and shall remain unchanged for subsequent annual reports. This code once assigned shall not be reused for another risk even when the risk to which the code was originally assigned does not exist anymore. When one risk affects more than one line of business the same code can be used for all the lines of business affected. |
| C0040 | Facultative reinsurance Placement identification code | Each facultative reinsurance placement must be assigned a sequence number which is unique for the risk. The facultative reinsurance placement identification code is entity specific. |
| C0050 | Code of the reinsurer | Identification code of the reinsurer by this order of priority: — Legal Entity Identifier (LEI); — Specific code attributed by the undertaking In case a specific code is attributed by the undertaking, the code shall be unique for the specific reinsurer or broker and shall not overlap with any other code, attributed by the undertaking or LEI code. In the cases where a code already exists (e.g. national identifier), the same code is used as this identifier and shall be kept consistently over time until a LEI code exists. |
| C0051 | Type of code reinsurer | Identification of the code used in item ‘Code reinsurer’ The following closed list shall be used: 1 – LEI 2 – Specific code |
| C0061 | Line of business for non-life | Identification of the line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, reported. The following closed list shall be used: 1 – Medical expense insurance 2 – Income protection insurance 3 – Workers’ compensation insurance 4 – Motor vehicle liability insurance 5 – Other motor insurance 6 – Marine, aviation and transport insurance 7 – Fire and other damage to property insurance 8 – General liability insurance 9 – Credit and suretyship insurance 10 – Legal expenses insurance 11 – Assistance 12 – Miscellaneous financial loss 13 – Proportional medical expense reinsurance 14 – Proportional income protection reinsurance 15 – Proportional workers’ compensation reinsurance 16 – Proportional motor vehicle liability reinsurance 17 – Proportional other motor reinsurance 18 – Proportional marine, aviation and transport reinsurance 19 – Proportional fire and other damage to property reinsurance 20 – Proportional general liability reinsurance 21 – Proportional credit and suretyship reinsurance 22 – Proportional legal expenses reinsurance 23 – Proportional assistance reinsurance 24 – Proportional miscellaneous financial loss reinsurance 25 – Non–proportional health reinsurance 26 – Non–proportional casualty reinsurance 27 – Non–proportional marine, aviation and transport reinsurance 28 – Non–proportional property reinsurance |
| C0065 | Indication of belonging to the 20 largest exposures | Please indicate whether the exposure belongs to the 20 largest exposures of the undertaking. The following closed list shall be used: 1 – Belongs to 20 largest 2 – LoB not in the 20 largest |
| C0100 | Share reinsurer (%) | Percentage of the facultative placement accepted by the reinsurer, expressed as an absolute percentage of the Amount reinsured on a facultative basis, with all reinsurers, as reported in column C0160 of S.30.01 – Facultative covers (in terms of reinsured exposure) – Basic. The percentage shall be reported as a decimal. |
| C0110 | Currency | Identify the ISO 4217 alphabetic code of the currency used while placing the facultative cover. All the amounts must be expressed in this currency for the specific facultative cover, unless otherwise required by the national supervisory authority. In case the facultative cover is placed in two different currencies, then the main currency must be filled. |
| C0120 | Sum reinsured to facultative reinsurer | The sum reinsured on a facultative basis with the reinsurer. |
| C0130 | Facultative ceded reinsurance premium | Expected gross annual or written reinsurance premium, ceded to reinsurer for their share. |
| C0140 | Annotations | Description of cases where either the reinsurer’s participation is at conditions different from those of the standard facultative or treaty placement, or to provide any other information that the undertaking has to bring to the attention of the Supervisor. |
| Facultative covers life | Facultative covers life | Facultative covers life |
| C0150 | Reinsurance program code | Undertaking specific reinsurance code that links the dominant treaty of reinsurance programme which also protects the risk covered by the facultative reinsurance. The Reinsurance program code shall be in line with the Reinsurance program code of S.30.03 – Outgoing Reinsurance Program in the next reporting year. |
| C0160 | Risk identification code | For each line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, of life insurance a selection shall be made of the 20 largest facultative reinsurance exposures (part of sum insured transferred to all reinsurers) overall plus the largest two in each line of business if not covered by the 20 largest in terms of exposure that are subject to facultative reinsurance in force in the reporting period (also if they originated in preceding years). The code is a unique identifying number assigned by the insurer that identifies the risk within the branch, and this code cannot be reused for other risks in the same branch and shall remain unchanged for subsequent annual reports. This code once assigned shall not be reused for another risk even when the risk to which the code was originally assigned does not exist anymore. When one risk affects more than one line of business the same code can be used for all the lines of business affected. |
| C0170 | Facultative reinsurance placement identification code | A sequential number which is unique for the risk, assigned to each facultative reinsurance placement by the undertaking. |
| C0180 | Code reinsurer | Identification code of the reinsurer by this order of priority: — Legal Entity Identifier (LEI); — Specific code attributed by the undertaking In case a specific code is attributed by the undertaking, the code shall be unique for the specific reinsurer and shall not overlap with any other code, attributed by the undertaking or LEI code. In the cases where a code already exists (e.g. national identifier), the same code is used as this identifier and shall be kept consistently over time until a LEI code exists. |
| C0181 | Type of code reinsurer | Identification of the code used in item ‘Code reinsurer’ The following closed list shall be used: 1 – LEI 2 – Specific code |
| C0191 | Line of business for life | Identification of the line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, reported. The following closed list shall be used: 29 – Health insurance 30 – Insurance with profit participation 31 – Index–linked and unit–linked insurance 32 – Other life insurance 33 – Annuities stemming from non–life insurance contracts and relating to health insurance obligations 34 – Annuities stemming from non–life insurance contracts and relating to insurance obligations other than health insurance obligations 35 – Health reinsurance 36 – Life reinsurance |
| C0195 | Indication of belonging to the 20 largest exposures | Please indicate whether the exposure belongs to the 20 largest exposures of the undertaking. The following closed list shall be used: 1 – Belongs to 20 largest 2 – LoB not in the 20 largest |
| C0230 | Share reinsurer (%) | Percentage of the facultative placement accepted by the reinsurer, expressed as an absolute percentage of the Amount reinsured on a facultative basis, with all reinsurers, as reported in column C0310 of S.30.01 – Facultative covers (in terms of reinsured exposure) – Basic. The percentage shall be reported as a decimal. |
| C0240 | Currency | Identify ISO 4217 alphabetic code of the currency used while placing the facultative cover. All the amounts must be expressed in this currency for the specific facultative cover, unless otherwise required by the national supervisory authority. In case the facultative cover is placed in two different currencies, then the main currency must be filled. |
| C0250 | Sum reinsured to facultative reinsurer | The sum reinsured on a facultative basis with the reinsurer. |
| C0260 | Facultative ceded reinsurance premium | Expected gross annual or written reinsurance premium, ceded to reinsurer for their share. |
| C0270 | Annotations | Description of cases where either the reinsurer’s participation is at conditions different from those of the standard facultative or treaty placement, or to provide any other information that the undertaking has to bring to the attention of the Supervisor. |
| Information on reinsurers and brokers | Information on reinsurers and brokers | Information on reinsurers and brokers |
| C0280 | Code reinsurer | Identification code of the reinsurer by this order of priority: — Legal Entity Identifier (LEI); — Specific code attributed by the undertaking In case a specific code is attributed by the undertaking, the code shall be unique for the specific reinsurer and shall not overlap with any other code, attributed by the undertaking or LEI code. In the cases where a code already exists (e.g. national identifier), the same code is used as this identifier and shall be kept consistently over time until a LEI code exists. |
| C0290 | Type of code reinsurer | Identification of the code used in item ‘Code reinsurer’ The following closed list shall be used: 1 – LEI 2 – Specific code |
| C0300 | Legal name reinsurer | Legal name of the reinsurer to whom the underwriting risk has been transferred. The official name of the risk–carrier reinsurer is stated in the reinsurance contract. It is not permitted to fill in the name of a reinsurance broker. Nor is it permitted to state a general or incomplete name as international reinsurers have several operating companies that may be based in different countries. In case of pooling arrangements, the name of the Pool (or pool manager) can be filled only if the Pool is a legal entity. |
| C0310 | Type of reinsurer | Type of reinsurer to whom the underwriting risk has been transferred. The following closed list shall be used: 1 – Direct Life insurer 2 – Direct Non–life insurer 3 – Direct Composite insurer 4 – Captive insurance undertaking 5 – Internal reinsurer (reinsurance undertaking which primary focus is to take risk from other insurance undertakings within the group) 6 – External reinsurer (reinsurance undertaking that takes risks from undertakings other than from insurance undertakings within the group) 7 – Captive reinsurance undertaking 8 – Special purpose vehicle 9 – Pool entity (where more than one insurance or reinsurance undertakings are involved) 10 – State pool |
| C0320 | Country of residency | Identify the ISO 3166–1 alpha–2 code for the country where the reinsurer is legally authorised/licensed. |
| C0330 | External rating assessment by nominated ECAI | Rating of the reinsurer at the reporting reference date as provided by the nominated credit assessment institution (ECAI). If the rating is not available the item shall be left blank. |
| C0340 | Nominated ECAI | Identify the credit assessment institution (ECAI) giving the external rating in C0330, by using the name of the ECAI as published on ESMA’s website. In case of ratings issued by subsidiaries of the ECAI please report the parent ECAI (the reference is to ESMA list of credit rating agencies registered or certified in accordance with Regulation (EC) No 1060/2009 of the European Parliament and of the Council of 16 September 2009 on credit rating agencies). This item shall be reported when External rating (C0330) is reported. |
| C0350 | Credit quality step | Identify the credit quality step attributed to the reinsurer. The credit quality step shall reflect any readjustments to the credit quality made internally by the undertakings that use the standard formula. One of the options in the following closed list shall be used: 0 – Credit quality step 0 1 – Credit quality step 1 2 – Credit quality step 2 3 – Credit quality step 3 4 – Credit quality step 4 5 – Credit quality step 5 6 – Credit quality step 6 9 – No rating available |
| C0360 | Internal rating | Internal rating of the reinsurer for undertakings using internal model to the extent that the internal ratings are used in their internal modelling. If an internal model undertaking is using solely external ratings this item shall not be reported. |
S.30.03 – Outgoing Reinsurance Program basic data
General comments:
This section relates to annual submission of information for individual entities.
This template is relevant to insurance and reinsurance undertakings with an outgoing reinsurance and/or retrocession program including any coverage provided by State backed reinsurance pool arrangements, excluding facultative covers.
This template shall be filled by the insurance and reinsurance undertaking which is transferring underwriting risk to the reinsurers through a reinsurance treaty whose period of validity includes or overlaps the next reporting year and are known when filling the template. If reinsurance strategy changes materially after that date or if the renovation of the reinsurance contracts are performed later than the reporting date and before next 1 January, the information on this template shall be re–submitted when adequate.
This template should only be reported if the reinsurance recoverables are higher than 10 % of the Best Estimate calculated separately for life and non-life business.
| ITEM | INSTRUCTIONS | |
| C0010 | Reinsurance program code | Unique code (undertaking specific) covering all the individual reinsurance placements and/or treaties which belong to the same reinsurance program. |
| C0020 | Treaty identification code | Treaty identification code that identifies the treaty exclusively and must be maintained in subsequent reports, usually the original treaty number registered in the company’s books. |
| C0030 | Progressive section number in treaty | The progressive section number assigned by the undertaking to the various sections of the treaty, in those cases where the treaty, for example, covers more than one line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, or covers different lines of activity with different limits. Treaties with different conditions are considered different treaties for the submission of information and shall be reported in different sections. For different lines of business covered under the same treaty, the conditions referring to each line of business will be detailed separately under each section number. Treaties covering different type of reinsurance (e.g. one section on a Quota Share basis and another one on XL) in the same treaty shall be reported in different sections. Treaties covering different layers of the same program shall be reported in different sections. |
| C0040 | Progressive number of surplus/layer in program | The progressive surplus/layer number, when the treaty is part of a wider program. |
| C0050 | Quantity of surplus/layers in program | The total number of surpluses or layers in the same program which includes the treaty which is being reported. |
| C0060 | Finite reinsurance or similar arrangements | Identification of the reinsurance contract. The following closed list shall be used: 1 – Non–traditional or Finite RE (if any reinsurance contract or financial instrument which is not directly based on the principle of indemnity or is based on a contract wording which has limited or no demonstrable risk transfer mechanism) 2 – Other than non–traditional or Finite RE In case of Finite reinsurance or a similar arrangement only the items which are feasible must be filled. |
| C0070 | Line of business | Identification of the line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, reported. The following closed list shall be used: 1 – Medical expense insurance 2 – Income protection insurance 3 – Workers’ compensation insurance 4 – Motor vehicle liability insurance 5 – Other motor insurance 6 – Marine, aviation and transport insurance 7 – Fire and other damage to property insurance 8 – General liability insurance 9 – Credit and suretyship insurance 10 – Legal expenses insurance 11 – Assistance 12 – Miscellaneous financial loss 13 – Proportional medical expense reinsurance 14 – Proportional income protection reinsurance 15 – Proportional workers’ compensation reinsurance 16 – Proportional motor vehicle liability reinsurance 17 – Proportional other motor reinsurance 18 – Proportional marine, aviation and transport reinsurance 19 – Proportional fire and other damage to property reinsurance 20 – Proportional general liability reinsurance 21 – Proportional credit and suretyship reinsurance 22 – Proportional legal expenses reinsurance 23 – Proportional assistance reinsurance 24 – Proportional miscellaneous financial loss reinsurance 25 – Non–proportional health reinsurance 26 – Non–proportional casualty reinsurance 27 – Non–proportional marine, aviation and transport reinsurance 28 – Non–proportional property reinsurance 29 – Health insurance 30 – Insurance with profit participation 31 – Index–linked and unit–linked insurance 32 – Other life insurance 33 – Annuities stemming from non–life insurance contracts and relating to health insurance obligations 34 – Annuities stemming from non–life insurance contracts and relating to insurance obligations other than health insurance obligations 35 – Health reinsurance 36 – Life reinsurance 37 – Multiline (as defined hereunder) Additional remarks: 1) Where the reinsurance treaty provides cover for more than one line of business and the terms of cover differ between lines of business then the treaty needs to be specified over multiple rows. The first row entry for the treaty needs to be entered as ‘Multiline’ that provides details of the overall terms of the treaty (such as deductibles and reinstatements), with the subsequent rows providing details of the individual terms of the reinsurance treaty to each relevant line of business. 2) Where the term of the cover do not differ by line of business only the dominant (based on the Gross Estimated Treaty Premium Income) Solvency II line of business is required. 3) Multiyear treaties with fixed conditions can be expressed by the columns used for the validity period. |
| C0080 | Description risk category covered | Description of the main scope of the treaty cover. This is referred to the main portfolio which is the scope of the treaty and normally is part of the treaty description (e.g. ‘Industrial property’ or ‘Director and officers liability’. Undertakings can also include a description referring which business unit the risk was accepted in case this has led to different treaty conditions (e.g. ‘Distribution label A’). The description of the risk category covered is entity specific and is not mandatory. Also the term ‘risk category’ isn’t based on Level 1 and 2 terminologies but can be considered as an extra possibility to give additional information about the underwriting risk(s). |
| C0090 | Type of reinsurance treaty | Code of the type of reinsurance treaty. One of the options in the following list shall be used: 1 – quota share 2 – variable quota share 3 – surplus 4 – excess of loss (per event and per risk) 5 – excess of loss (per risk) 6 – excess of loss (per event) 7 – excess of loss ‘back–up’ (protection against follow–on events which certain catastrophes can cause such as flooding or fire) 8 – excess of loss with basis risk 9 – reinstatement cover 10 – aggregate excess of loss 11 – unlimited excess of loss 12 – stop loss 13 – other proportional treaties 14 – other non–proportional treaties Other proportional treaties (code 13) and Other non–proportional treaties (code 14) can be used for hybrid types of reinsurance treaties. |
| C0100 | Inclusion of catastrophic reinsurance cover | Identification of the including of catastrophic guarantees. Depending on whether the listed catastrophe risks are protected under reinsurance covers, one or a combination (separated by ‘,’) of the following codes has to be used: 1 – cover excludes all catastrophic guarantees 2 – earthquake, volcanic eruption, tidal wave etc. are covered 3 – flood is covered 4 – hurricane, windstorm, etc. are covered 5 – other risks such as freeze, hail, strong wind are covered 6 – terrorism is covered 7 – SRCC (strikes, riots, civil commotion), sabotage, popular uprising are covered 8 – all the above mentioned risks are covered 9 – risks not otherwise included in the listed items are covered |
| C0110 | Validity period (start date) | Identify the ISO 8601 (yyyy–mm–dd) code of the date of commencement of the specific reinsurance treaty. |
| C0120 | Validity period (expiry date) | Identify the ISO 8601 (yyyy–mm–dd) code of the final expiry date of the specific reinsurance treaty. In case the treaty conditions remain unchanged when filling in the template and the undertaking is not making use of the termination clause, the expiry date will be the next possible expiry date. |
| C0130 | Currency | Identify the ISO 4217 alphabetic code of the currency used while placing the reinsurance treaty. All the amounts must be expressed in this currency for the specific cover, unless otherwise required by the national supervisory authority. In case the treaty is placed in two different currencies, then the main currency must be filled. |
| C0140 | Type of underwriting model | Type of underwriting model which is used to estimate the exposure of the underwriting risk and the need for reinsurance protection. One of the options in the following closed list shall be used: 1 – Sum Insured the highest amount that the insurer can be obliged to pay out according to the original policy. SI must also be filled when type of underwriting model is not applicable 2 – Maximum Possible Loss loss which may occur when the most unfavourable circumstances being more or less exceptionally combined, the fire is only stopped by impassable obstacles or lack of substance. 3 – Probable Maximum Loss defined as the estimate of the largest loss from a single fire or peril to be expected, assuming the worst single impairment of primary private fire protection systems but with secondary protection systems or organizations (such as emergency organizations and private and/or public fire department response) functioning as intended. Catastrophic conditions like explosions resulting from massive release of flammable gases, which might involve large areas of the plant, detonation of massive explosives, seismic disturbances, tidal waves or flood, falling aircraft, and arson committed in more than one area are excluded in this estimate. This definition is a hybrid form between Maximum Possible Loss and Estimated Maximum Loss that is generally accepted and frequently used by insurers, reinsurers and reinsurance brokers 4 – Estimated Maximum Loss loss that could reasonably be sustained from the contingencies under consideration, as a result of a single incident considered to be within the realms of probability taking into account all factors likely to increase or lessen the extent of the loss, but excluding such coincidences and catastrophes which may be possible but remain unlikely. 5 – Other other possible underwriting models used. The type of ‘other’ underwriting model applied must be explained in the Regular Supervisory Report. Although abovementioned definitions are used for the line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, ‘Fire and other damage to property insurance and reinsurance’, similar definitions might be in place for other lines of business. |
| C0150 | Estimated Subject Premium Income (XL – ESPI) | The amount of the estimated subject premiums income (‘ESPI’) relating to the contract period. It is normally the amount of premium referring to the portfolio protected under Excess of Loss treaties; in any case it is the amount on which the reinsurance premium is calculated by applying the rate. This item is only reported for XL treaties. |
| C0160 | Gross Estimated Treaty Premium Income (proportional and non proportional) | The amount of premium for 100 % of the treaty relating to the contract period. This amount is the equivalent of the 100 % reinsurance premium to be paid to all reinsurers for the treaty period, including the premium corresponding to unplaced shares. |
| C0170 | Aggregate deductibles (amount) | The amount of franchise, meaning an additional retention when losses are covered by the reinsurer only when a certain amount of cumulative losses have taken place. This item is reported, when applicable, only if item C0180 is not reported. |
| C0180 | Aggregate deductibles (%) | The percentage of franchise, meaning an additional retention percentage when losses are covered by the reinsurer only when a certain amount of cumulative losses have taken place. This item is reported, when applicable, only if item C0170 is not reported. The percentage shall be reported as a decimal. |
| C0190 | Retention or priority (amount) | The amount, for Surplus, Working XL and Catastrophe XL treaties, that is stated as retention or priority in the reinsurance treaty. Separate indication shall be given for the various lines of business, as defined in Annex I to Delegated Regulation (EU) 2015/35. |
| C0200 | Retention or priority (%) | The percentage, for Quota Share and Stop Loss treaties, that is stated as retention or priority in the reinsurance treaty. Separate indication shall be given for the various lines of business, as defined in Annex I to Delegated Regulation (EU) 2015/35. The percentage shall be reported as a decimal. |
| C0210 | Limit (amount) | The amount that is stated as Limit in the reinsurance treaty. Separate indication shall be given for the various lines of business, as defined in Annex I to Delegated Regulation (EU) 2015/35. In the case of unlimited cover ‘– 1’ is to be reported. |
| C0220 | Limit (%) | The percentage, for Stop Loss treaties, that is stated as Limit in the reinsurance treaty. Separate indication shall be given for the various lines of business, as defined in Annex I to Delegated Regulation (EU) 2015/35. In the case of unlimited cover ‘– 1’ is to be reported. The percentage shall be reported as a decimal. |
| C0230 | Maximum cover per risk or event | The amount of maximum cover per risk or event. If for a Quota Share or a Surplus a maximum amount has been agreed for an event (for example – windstorm), the 100 % amount is to be reported. In all other cases, the amount is equal to the Limit minus Priority. In the case of unlimited cover ‘– 1’ is to be reported. |
| C0240 | Maximum cover per treaty | The amount of maximum cover per treaty. If for a Quota Share or a Surplus a maximum amount has been set for the entire contract, the 100 % amount is to be reported. In the case of unlimited cover ‘– 1’ is to be reported. For XL or SL treaties the initial capacity has to be indicated (e.g. annual aggregate limits); total cover might also be the result of the information provided under C0250. |
| C0245 | Coverage of a layer covered by reinsurance | The amount of maximum cover for a layer of a treaty. In the case of unlimited cover ‘– 1’ is to be reported. For XL or SL treaties the initial capacity has to be indicated (e.g. annual aggregate limits). In case the treaty only includes one layer, this cell will be equal to C0250. |
| C0250 | Number of reinstatements | Number of possibilities to recover the reinsurance coverage. |
| C0260 | Description of reinstatements | Description of the reinstatements to recover the reinsurance coverage. Examples of possible content of this item are ‘2 at 100 % plus 1 at 150 %’ or ‘all free’ |
| C0360 | XL rate 1 | Report the fixed rate or starting rate of a sliding rate system. The percentage shall be reported as a decimal. This item is only reported for XL treaties. |
| C0370 | XL rate 2 | Report the top end rate of a sliding rate system. The percentage shall be reported as a decimal. This item is only reported for XL treaties. |
| C0380 | XL premium flat | Indication on whether XL premium is based or not on a flat premium. One of the options in the following list shall be used: 1 – XL premium based on a flat premium 2 – XL premium not based on a flat premium This item is only reported for XL treaties. |
| C0390 | Sliding scale commission | Indicate whether a sliding scale commission is used: One of the options in the following closed list shall be used: 1 – Yes; 2 – No. |
| C0400 | Minimum claim ratio on which the amount of sliding scale commission is dependant | Include the minimum claim ratio as a percentage on which is the amount of sliding scale commission dependant. |
| C0410 | Maximum claim ratio on which the amount of sliding scale commission is dependant | Include the maximum claim ratio as a percentage on which is the amount of sliding scale commission dependant. |
| C0420 | Minimum commission | Include the minimum commission as a percentage. |
| C0430 | Maximum commission | Include the maximum commission as a percentage. |
| C0440 | Expected commission | Include the expected commission as a percentage. |
S.30.04 – Outgoing Reinsurance Program shares data
General comments:
This section relates to annual submission of information for individual entities.
This template is relevant to insurance and reinsurance undertakings with an outgoing; reinsurance and/or retrocession program including any coverage provided by State backed reinsurance pool arrangements, excluding facultative covers.
This template shall be filled by the insurance and reinsurance undertaking which is transferring underwriting risk to the reinsurers through a reinsurance treaty whose period of validity includes or overlaps the next reporting year and are known when filling the template. If reinsurance strategy changes materially after that date or if the renovation of the reinsurance contracts are performed later than the reporting date and before next 1 January, the information on this template shall be re–submitted when adequate.
This template should only be reported if the reinsurance recoverables are higher than 10 % of the Best Estimate calculated separately for life and non-life business.
| ITEM | INSTRUCTIONS | |
| C0010 | Reinsurance program code | Unique code (undertaking specific) covering all the individual reinsurance placements and/or treaties which belong to the same reinsurance program. |
| C0020 | Treaty identification code | Treaty identification code that identifies it exclusively and must be maintained in subsequent reports, usually the original treaty number registered in the company’s books. |
| C0030 | Progressive section number in treaty | The progressive section number assigned by the undertaking to the various sections of the treaty, in those cases where the treaty, for example, covers more than one line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, or covers different lines of activity with different limits. Treaties with different conditions are considered different treaties for the submission of information and shall be reported in different sections. For different lines of business covered under the same treaty, the conditions referring to each line of business will be detailed separately under each section number. Treaties covering different type of reinsurance (e.g. one section on a Quota Share basis and another one on XL) in the same treaty shall be reported in different sections. Treaties covering different layers of the same program shall be reported in different sections. |
| C0040 | Progressive number of surplus/layer in program | The progressive surplus/layer number, when the treaty is part of a wider program. |
| C0050 | Code reinsurer | Identification code of the reinsurer by this order of priority: — Legal Entity Identifier (LEI); — Specific code attributed by the undertaking In case a specific code is attributed by the undertaking, the code shall be unique for the specific reinsurer and shall not overlap with any other code, attributed by the undertaking or LEI code. |
| C0060 | Type of code reinsurer | Identification of the code used in item ‘Code reinsurer’. One of the options in the following closed list shall be used: 1 – LEI 2 – Specific code |
| C0100 | Share reinsurer (%) | Percentage of the reinsurance treaty accepted by reinsurer identified in item C0050, expressed as absolute percentage of the treaty placement. Percentages shall be reported as a decimal. |
| C0110 | Exposure ceded for reinsurer’s share | Amount of the exposure reinsured with the reinsurer. This amount is based on the maximum cover per risk/event and is calculated with the formula: Item Maximum cover per risk or event (reported in item C0230 of S.30.03) × Item Share reinsurer (%) (reported in item C0100 of S.30.04). If C0230 from S.30.03 is Unlimited fill this cell with ‘– 1’. |
| C0120 | Type of collateral (if applicable) | Type of collateral held. The following closed list shall be used: 1 – Cash or equivalent in Trust 2 – Cash or Funds Withheld 3 – Letter of Credit 4 – Other 5 – None |
| C0130 | Description of the reinsurers limit collateralised | Description of the reinsurer limit collateralised referring to the specific item specified in the treaty (e.g. 90 % of the technical provisions or 90 % of the premiums), if applicable. |
| C0140 | Code collateral provider (if applicable) | Identification code using the Legal Entity Identifier (LEI) if available. If none is available this item shall not be reported. |
| C0150 | Type of code of collateral provider | Identification of the code used in item ‘Code collateral provider (if applicable)’: 1 – LEI 9 – None |
| C0160 | Estimated outgoing reinsurance premium for reinsurer’s share | The estimated gross reinsurance premium of the treaty, to be paid by the undertaking, according to the next reporting year (N + 1) for the share of each reinsurer. This amount is calculated according to the following examples: Case 1: For Quota Share and Surplus; the share reported in item Share reinsurer (C0100) multiplied by item Gross Estimated Treaty Premium Income (C0160) reported in S.30.03; Case 2: For XL–treaties if the treaty is subject to a fixed rate; the rate reported in item XL rate 1 (C0360) as reported in S.30.03 multiplied by the item Estimated Subject premium income (C0150) reported in S.30.03 multiplied by the share reported in item Share reinsurer (C0100). Case 3: For XL–treaties if the treaty is subject to a sliding rate; the rate reported in item XL rate 2 (C0370) as reported in S.30.03 multiplied by the item Estimated Subject premium income (C0150) reported in S.30.03 multiplied by the share reported in item Share reinsurer (C0100). |
| C0170 | Annotations | Description of cases where either the reinsurer’s participation is at conditions different from those of the standard facultative or treaty placement, or to provide any other information that the undertaking has to bring to the attention of the Supervisory Authority. |
| Information on reinsurers and brokers | ||
| C0180 | Code reinsurer | Identification code of the reinsurer by this order of priority: — Legal Entity Identifier (LEI); — Specific code attributed by the undertaking In case a specific code is attributed by the undertaking, the code shall be unique for the specific reinsurer and shall not overlap with any other code, attributed by the undertaking or LEI code. |
| C0190 | Type of code reinsurer | Identification of the code used in item ‘Code reinsurer’. One of the options in the following closed list shall be used: 1 – LEI 2 – Specific code |
| C0200 | Legal name reinsurer | Legal name of the reinsurer to whom the underwriting risk has been transferred. The official name of the risk–carrier reinsurer is stated in the reinsurance contract. It is not permitted to fill in the name of a reinsurance broker. Nor is it permitted to state a general or incomplete name as international reinsurers have several operating companies that may be based in different countries. In case of pooling arrangements, the name of the Pool (or Pool manager) can be filled only if the Pool is a legal entity. |
| C0210 | Type of reinsurer | Type of reinsurer to whom the underwriting risk has been transferred. The following closed list shall be used: 1 – Direct Life insurer 2 – Direct Non–life insurer 3 – Direct Composite insurer 4 – Captive insurance undertaking 5 – Internal reinsurer (reinsurance undertaking which primary focus is to take risk from other insurance undertakings within the group) 6 – External reinsurer (reinsurance undertaking that takes risks from undertakings other than from insurance undertakings within the group) 7 – Captive reinsurance undertaking 8 – Special purpose vehicle 9 – Pool entity (where more than one insurance or reinsurance undertakings are involved) 10 – State pool |
| C0220 | Country of residency | Identify the ISO 3166–1 alpha–2 code for the country where the reinsurer is legally authorised/licensed. |
| C0230 | External rating assessment by nominated ECAI | Rating of the reinsurer at the reporting reference date as provided by the nominated credit assessment institution (ECAI). If the rating is not available the item shall be left blank. This item is not applicable to reinsurers for which undertakings using internal model use internal ratings. If undertakings using internal model do not use internal rating, this item shall be reported. |
| C0240 | Nominated ECAI | Identify the credit assessment institution (ECAI) giving the external rating in C0230, by using the name of the ECAI as published on ESMA’s website. In case of ratings issued by subsidiaries of the ECAI please report the parent ECAI (the reference is to ESMA list of credit rating agencies registered or certified in accordance with Regulation (EC) No 1060/2009 of the European Parliament and of the Council of 16 September 2009 on credit rating agencies). |
| C0250 | Credit quality step | Identify the credit quality step attributed to the reinsurer. The credit quality step shall reflect any readjustments to the credit quality made internally by the undertakings that use the standard formula This item is not applicable to reinsurers for which undertakings using internal model use internal ratings. If undertakings using internal model do not use internal rating, this item shall be reported. One of the options in the following closed list shall be used: 0 – Credit quality step 0 1 – Credit quality step 1 2 – Credit quality step 2 3 – Credit quality step 3 4 – Credit quality step 4 5 – Credit quality step 5 6 – Credit quality step 6 9 – No rating available |
| C0260 | Internal rating | Internal rating of reinsurers for undertakings using internal model to the extent that the internal ratings are used in their internal modelling. If an internal model undertaking is using solely external ratings this item shall not be reported. |
| C0320 | Collateral provider name | Name of the collateral provider will depend on the type of collateral specified in C0120. — Where collateral is held in trust the collateral provider will be the Trust provider. — Where the collateral is on a Cash or Funds withheld basis this cell can remain blank. — Where the collateral is a Letters of Credit it will be the underlying Financial Institution providing this facility. — Where other report only if applicable. |
S.31.01 – Share of reinsurers (including Finite Reinsurance and SPV’s)
General comments:
This section relates to annual submission of information for individual entities.
This template shall be filled by the insurance and reinsurance undertakings where a recoverable is recognised in relation to the reinsurer (even if all contracts with that reinsurer have terminated).
The template collects information on reinsurers and not on separate treaties. All ceded technical provisions, including those ceded under Finite reinsurance (as defined in S.30.03 Column C0060), must be completed. This also means that if an SPV or a syndicate of Lloyd’s acts as a reinsurer the SPV or the syndicate must be listed.
| ITEM | INSTRUCTIONS | |
| C0040 | Code reinsurer | Identification code of the reinsurer by this order of priority: — Legal Entity Identifier (LEI); — Specific code attributed by the undertaking |
| C0050 | Type of code Reinsurer | Identification of the code used in item ‘Code reinsurer’. The following closed list shall be used: 1 – LEI 2 – Specific code |
| C0060 | Reinsurance recoverables – Premium provision Non–life including Non–SLT Health | The amount of share of the reinsurer in the recoverables from reinsurance (including Finite Re and SPV) before the adjustment for expected losses due to the counterparty default, in the best estimate of the premium provisions calculated as the expected present value of future incoming and outgoing cash flows. |
| C0070 | Reinsurance recoverables – Claims provisions Non–life including Non–SLT Health | The amount of share of the reinsurer in the recoverables from reinsurance (including Finite Re and SPV) before the adjustment for expected losses due to the counterparty default, in the best estimate of the claims provisions. |
| C0080 | Reinsurance recoverables – Technical provisions Life including SLT Health | The amount of share of the reinsurer in the recoverables from reinsurance (including Finite Re and SPV) before the adjustment for expected losses due to the counterparty default, in the best estimate of the technical provisions. |
| C0090 | Adjustment for expected losses due to counterparty default | Per reinsurer the adjustment for expected losses due to counterparty default. The adjustment shall be calculated separately and must be in line with Delegated Regulation (EU) 2015/35. This value shall be reported as negative value. |
| C0100 | Reinsurance recoverables: Total reinsurance recoverables | The result of ceded technical provisions (resulting from claims provihsion + premiums provision + Non–Life TP calculated as a whole and Life including health SLT), including the adjustment for expected losses due to counterparty default. |
| C0110 | Net receivables | The amounts past due resulting from: claims paid by the insurer but not yet reimbursed by the reinsurer plus commissions to be paid by the reinsurer and other receivables minus debts to the reinsurer. Cash deposits are excluded and are to be considered as guarantees received. |
| C0120 | Assets pledged by reinsurer | Amount of assets pledged by the reinsurer to mitigate the counterparty default risk of the reinsurer. |
| C0130 | Financial guarantees | Amount of guarantees received by the undertaking from the reinsurer to guarantee the payment of the liabilities due by the undertaking (includes letter of credit, undrawn committed borrowing facilities). |
| C0140 | Cash deposits | Amount of cash deposits received by the undertaking from the reinsurers. |
| C0150 | Total guarantees received | Total amount of types of guarantees. Corresponds to the sum of the amounts reported in C0120, C0130 and C0140. |
| C0155 | Currency | Where applicable, identify the ISO 4217 alphabetic code of the currency of the reinsurance recoverables. The breakdown by currency is only be required to cover 90 % of reinsurance recoverables. For the remaining 10 % it is possible to group it under "other currencies". |
| Information on reinsurers | ||
| C0160 | Code reinsurer | Identification code of the reinsurer by this order of priority: — Legal Entity Identifier (LEI); — Specific code attributed by the undertaking |
| C0170 | Type of code Reinsurer | Identification of the code used in item ‘Code reinsurer’. The following closed list shall be used: 1 – LEI 2 – Specific code |
| C0180 | Legal name reinsurer | Legal name of the reinsurer to whom the underwriting risk has been transferred. The official name of the risk–carrier reinsurer is stated in the reinsurance contract. It is not permitted to fill in the name of a reinsurance broker. Nor is it permitted to state a general or incomplete name as international reinsurers have several operating companies that may be based in different countries. In case of pooling arrangements, the name of the Pool (or Pool manager) can be filled only if the Pool is a legal entity. |
| C0190 | Type of reinsurer | Type of reinsurer to whom the underwriting risk has been transferred. The following closed list shall be used: 1 – Direct Life insurer 2 – Direct Non–life insurer 3 – Direct Composite insurer 4 – Captive insurance undertaking 5 – Internal reinsurer (reinsurance undertaking which primary focus is to take risk from other insurance undertakings within the group) 6 – External reinsurer (reinsurance undertaking that takes risks from undertakings other than from insurance undertakings within the group) 7 – Captive reinsurance undertaking 8 – Special purpose vehicle 9 – Pool entity (where more than one insurance or reinsurance undertakings are involved) 10 – State pool |
| C0200 | Country of residency | Identify the ISO 3166–1 alpha–2 code for the country where the reinsurer is legally authorised/licensed. |
| C0210 | External rating assessment by nominated ECAI | The actual/current rating that is considered by the undertaking. If the rating is not available the item shall be left blank and the reinsurer shall be identified as ‘9 – no rating available’ in column C0230 (Credit quality step). This item is not applicable to reinsurers for which undertakings using internal model use internal ratings. If undertakings using internal model do not use internal rating, this item shall be reported. |
| C0220 | Nominated ECAI | Identify the credit assessment institution (ECAI) giving the external rating in C0210, by using the name of the ECAI as published on ESMA’s website. In case of ratings issued by subsidiaries of the ECAI please report the parent ECAI (the reference is to ESMA list of credit rating agencies registered or certified in accordance with Regulation (EC) No 1060/2009 of the European Parliament and of the Council of 16 September 2009 on credit rating agencies). — |
| C0230 | Credit quality step | Identify the credit quality step attributed to the reinsurer. The credit quality step shall reflect any readjustments to the credit quality made internally by the undertakings that use the standard formula. One of the options in the following closed list shall be used: 0 – Credit quality step 0 1 – Credit quality step 1 2 – Credit quality step 2 3 – Credit quality step 3 4 – Credit quality step 4 5 – Credit quality step 5 6 – Credit quality step 6 9 – No rating available |
| C0240 | Internal rating | Internal rating of the reinsurer for undertakings using internal model to the extent that the internal ratings are used in their internal modelling. If an internal model undertaking is using solely external ratings this item shall not be reported. |
S.31.02 – Special Purpose Vehicles
General comments:
This section relates to annual submission of information for individual entities.
This template is relevant for each insurance or reinsurance undertaking transferring risk(s) to a Special Purpose Vehicle (SPV), to ensure sufficient disclosure has been made where SPVs are used as alternative risk transfer methods to traditional reinsurance treaties.
The template applies to the use of:
- a) SPVs defined under Article 13(26) and authorised under Article 211(1) of Directive 2009/138/EC;
- b) SPVs meeting conditions of Article 211(3) of Directive 2009/138/EC;
- c) SPVs regulated by third country supervisors where these meet equivalent measures to the conditions set out in Article 211(2) of Directive 2009/138/EC;
- d) Other SPVs, not meeting the definitions above, where risks are transferred under arrangements with the economic substance of a reinsurance contract.
The template covers risk mitigation techniques (recognised or not) carried out by the (re)insurance undertaking whereby a SPV assumes risks from the reporting undertaking through a reinsurance contract; or assume insurance risks from the reporting undertaking transferred through a similar arrangement that is ‘reinsurance like’.
| ITEM | INSTRUCTIONS | |
| C0030 | Internal code of SPV | Internal code attributed to the SPV by the undertaking by this order of priority: — Legal Entity Identifier (LEI); — Specific code This code shall be unique to each SPV and remain constant over subsequent reports. |
| C0040 | ID Code of SPV notes or other financing mechanism issued | For the notes or other financing mechanism issued by the SPV and hold by the insurance and reinsurance undertaking identify the ID code by this order of priority if existent: — ISO 6166 ISIN when available; — Other ‘recognised’ codes (e.g.: CUSIP, Bloomberg Ticker, Reuters RIC); — Code attributed by the undertaking, when the options above are not available, and must be consistent over time. |
| C0050 | ID Code Type of SPV notes or other financing mechanism issued | Type of ID Code used for the ‘Asset ID Code’ item. One of the options in the following closed list shall be used: 1 – ISO 6166 for ISIN code 2 – CUSIP (The Committee on Uniform Securities Identification Procedures number assigned by the CUSIP Service Bureau for U.S. and Canadian companies) 3 – SEDOL (Stock Exchange Daily Official List for the London Stock Exchange) 4 – WKN (Wertpapier Kenn–Nummer, the alphanumeric German identification number) 5 – Bloomberg Ticker (Bloomberg letters code that identify a company’s securities) 6 – BBGID (The Bloomberg Global ID) 7 – Reuters RIC (Reuters instrument code) 8 – FIGI (Financial Instrument Global Identifier) 9 – Other code by members of the Association of National Numbering Agencies 99 – Code attributed by the undertaking |
| C0060 | Lines of Business SPV securitisation relates | Identification of the line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, reported. The following closed list shall be used: 1 – Medical expense insurance 2 – Income protection insurance 3 – Workers’ compensation insurance 4 – Motor vehicle liability insurance 5 – Other motor insurance 6 – Marine, aviation and transport insurance 7 – Fire and other damage to property insurance 8 – General liability insurance 9 – Credit and suretyship insurance 10 – Legal expenses insurance 11 – Assistance 12 – Miscellaneous financial loss 13 – Proportional medical expense reinsurance 14 – Proportional income protection reinsurance 15 – Proportional workers’ compensation reinsurance 16 – Proportional motor vehicle liability reinsurance 17 – Proportional other motor reinsurance 18 – Proportional marine, aviation and transport reinsurance 19 – Proportional fire and other damage to property reinsurance 20 – Proportional general liability reinsurance 21 – Proportional credit and suretyship reinsurance 22 – Proportional legal expenses reinsurance 23 – Proportional assistance reinsurance 24 – Proportional miscellaneous financial loss reinsurance 25 – Non–proportional health reinsurance 26 – Non–proportional casualty reinsurance 27 – Non–proportional marine, aviation and transport reinsurance 28 – Non–proportional property reinsurance 29 – Health insurance 30 – Insurance with profit participation 31 – Index–linked and unit–linked insurance 32 – Other life insurance 33 – Annuities stemming from non–life insurance contracts and relating to health insurance obligations 34 – Annuities stemming from non–life insurance contracts and relating to insurance obligations other than health insurance obligations 35 – Health reinsurance 36 – Life reinsurance 37 – Multiline Where the reinsurance treaty or a similar arrangement provides cover for more than one line of business and the terms of cover differ between lines of business then the treaty needs to be specified over multiple rows. The first row entry for the treaty needs to be entered as ‘Multiline’ that provides details of the overall terms of the treaty, with the subsequent rows providing details of the individual terms of the reinsurance treaty to each relevant line of business. Where the term of the cover do not differ by line of business only the dominant Solvency II line of business is required. |
| C0070 | Type of Trigger(s) in the SPV | Identify the trigger mechanisms used by the SPV as trigger events that would oblige the SPV to make payment to the ceding (re)insurance undertaking. The following closed list shall be used: 1 – Indemnity 2 – Model Loss 3 – Index or Parametric 4 – Hybrids (including components from the above–mentioned techniques) 5 – Other |
| C0080 | Contractual Trigger Event | Description of the specific trigger that would oblige the SPV to make payment to the ceding (re)insurance undertaking. This information should be complementary to the information on ‘Type of Trigger(s) in the SPV’ and should be descriptive enough to allow supervisors to identify the concrete trigger, e.g. specific weather/storm indices for cat risks or general mortality tables for longevity risks. |
| C0090 | Same trigger as in underlying cedant’s portfolio | Identify if the trigger defined in the underlying (re)insurance policy with the pay–out trigger defined in the treaty is the same as the one defined in the SPV. The following closed list shall be used: 1 – Same trigger 2 – Different trigger |
| C0100 | Basis risk arising from risk–transfer structure | Identify the causes of basis risk (i.e. that the exposure covered by the risk–mitigation technique does not correspond to the risk exposure of the insurance or reinsurance undertaking). The following closed list shall be used: 1 – No basis risk 2 – Insufficient subordination for note holders, 3 – Investors’ additional recourse against cedant, 4 – Additional risks were securitised subsequent to authorisation, 5 – Cedants hold exposure to notes issued, 9 – Other |
| C0110 | Basis risk arising from contractual terms | Identify the basis risk arising from contractual terms. 1 – No basis risk 2 – Substantial part of risks insured not transferred 3 – Insufficient trigger to match risk exposure of cedant |
| C0120 | SPV assets ring–fenced to settle cedant–specific obligations | The amount of SPV assets ring–fenced for the reporting cedant, which are available to settle the contractual liabilities reinsured by the SPV for that specific cedant only (collateral assets specifically recognised on balance sheet of the SPV in relation to the obligation assumed). |
| C0130 | Other non cedant–specific SPV Assets for which recourse may exist | The amount of SPV assets (recognised on balance sheet of the SPV), not directly related to the reporting cedant but for which recourse exists. This would include any ‘free assets’ of the SPV, which may be available to settle the reporting cedant’s liabilities. |
| C0140 | Other recourse arising from securitisation | The amount of contingent assets of the SPV (held off balance sheet), not directly related to the reporting cedant but for which recourse exists. This includes recourse against other counterparties of the SPV, including guarantees, reinsurance contracts and derivative commitments to SPV made by the SPV sponsor, note holders, or other third parties. |
| C0150 | Total maximum possible obligations from SPV under reinsurance policy | Amount of total maximum possible obligations from reinsurance contract (cedant–specific). |
| C0160 | SPV fully funded in relation to cedant obligations throughout the reporting period | Identify if the protection offered by the risk–mitigation technique may only be partially recognised where counterparty to a reinsurance contract ceases to be able to provide effective and continuing risk–transfer. The following closed list shall be used: 1 – SPV fully funded in relation to cedant obligations 2 – SPV not fully funded in relation to cedant obligations |
| C0170 | Current recoverables from SPV | Amount of SPV Recoverables recognised on the Solvency II balance sheet of the reporting undertaking (prior to adjustments made for expected losses due to counterparty default). This shall be calculated in accordance with the requirements of Article 41of Delegated Regulation (EU) 2015/35. |
| C0180 | Identification of material investments held by cedant in SPV | Identify whether material investments held by the cedant in the SPV exist, according to Article 210 of Delegated Regulation (EU) 2015/35. 1 – Not applicable 2 – Investments of SPV controlled by cedant and/or sponsor (where it differs from cedant); 3 – Investments of SPV held by cedant (equity, notes or other subordinated debt of the SPV); 4 – Cedant sells reinsurance or other risk mitigation protection to the SPV; 5 – Cedant has provided guarantee or other credit enhancement to SPV or note holders; 6 – Sufficient basis risk retained by cedant; 9 – Other. If this is reported then cells C0030 and C0040 needs to identify the instrument. |
| C0190 | Securitisation assets related to cedant held in trust with other third party than cedant/sponsor? | Identify if there are securitisation assets related to cedant held in trust with other third party than cedant/sponsor, considering the provisions of Articles 214(2) and 326 of Delegated Regulation (EU) 2015/35. One of the options in the following closed list shall be used: 1 – Held in trust with other third party than cedant/sponsor 2 – Not held in trust with other third party than cedant/sponsor |
| Information on SPV | ||
| C0200 | Internal code of SPV | Internal code attributed to the SPV by the undertaking by this order of priority: — Legal Entity Identifier (LEI); — Specific code This code shall be unique to each SPV and remain constant over subsequent reports. |
| C0210 | Type of code SPV | Identification of the code used in item ‘internal code of SPV’. One of the options in the following closed list shall be used: 1 – LEI 2 – Specific code |
| C0220 | Legal nature of SPV | Identify the legal nature of the SPV securitisation, according to Article 13(26) of Directive 2009/138/EC. Closed list 1 – Trusts 2 – Partnerships 3 – Limited liability companies 4 – Other legal entity form not referred above 5 – Not incorporated |
| C0230 | Name of SPV | Identify the name of the SPV |
| C0240 | Incorporation no. of SPV | Registration number received at incorporation of the SPV. For un–incorporated SPVs, the undertaking should report the regulatory number or equivalent number obtained from the supervisory authority at the time of authorisation. |
| C0250 | SPV country of authorisation | Identify the ISO 3166–1 alpha–2 code for the country where the SPV is established and has received authorisation, where applicable. |
| C0260 | SPV authorisation conditions | Identify authorisation conditions of the SPV according to Article 211 of the Directive 2009/138/EC or equivalent legal instrument. One of the options in the following closed list shall be used: 1 – SPV authorised under Article 211(1) of Directive 2009/138/EC 2 – SPV authorised under Article 211(3) of Directive 2009/138/EC (grandfathered) 3 – SPV regulated by a third country supervisory authority where requirements equivalent to those set out in Article 211(2) of Directive 2009/138/EC are met by the special purpose vehicle 4 – SPV not covered above |
| C0270 | External rating assessment by nominated ECAI | Rating of the SPV (if any) that is considered by the undertaking and provided by an external rating agency. If the rating is not available the item shall be left blank and the SPV shall be identified as ‘9 – no rating available’ in column C0290 (Credit quality step). This item is not applicable to SPVs for which undertakings using internal model use internal ratings. If undertakings using internal model do not use internal rating, this item shall be reported. |
| C0280 | Nominated ECAI | Identify the credit assessment institution (ECAI) giving the external rating in C0270, by using the name of the ECAI as published on ESMA’s website. In case of ratings issued by subsidiaries of the ECAI please report the parent ECAI (the reference is to ESMA list of credit rating agencies registered or certified in accordance with Regulation (EC) No 1060/2009 of the European Parliament and of the Council of 16 September 2009 on credit rating agencies). |
| C0290 | Credit quality step | Identify the credit quality step attributed to the SPV. The credit quality step shall reflect any readjustments to the credit quality made internally by the undertaking. One of the options in the following closed list shall be used: 0 – Credit quality step 0 1 – Credit quality step 1 2 – Credit quality step 2 3 – Credit quality step 3 4 – Credit quality step 4 5 – Credit quality step 5 6 – Credit quality step 6 9 – No rating available |
| C0300 | Internal rating | Internal rating of the SPV for undertakings using internal model to the extent that the internal ratings are used in their internal modelling. If an internal model undertaking is using solely external ratings this item shall not be reported. |
S.36.01 – IGT – Equity–type transactions, debt and asset transfer
General comments:
This template relates to annual submission of information for individual entities.
This template shall report all (significant, very significant and transactions required to be reported in all circumstances) intra-group transactions between entities of a group related to equity, debt, reciprocal financing 3 and asset transfers.
These include, but are not limited to:
- — equity and other capital items including participations in related entities and transfer shares of related entities of the group;
- — debt including bonds, loans, collateralised debt, and other transactions of similar nature e.g. with periodic pre-determined interest or coupon or premium payments for a pre-determined period of time;
- — other asset transfer such as transfer of properties and transfer of shares of other companies unrelated (i.e. outside) to the group.
This template shall include intragroup transactions that were:
- — in-force at the start of the reporting period.
- — incepted during the reporting period and outstanding at the reporting date.
- — incepted and expired/matured during the reporting period.
Where two or more transactions between entities of the group which, from an economic perspective, contribute to the same risk, or, serve the same purpose/objective or are temporally connected in a plan, they shall be considered as a single economic operation.
As such each transaction which is part of a single economic operation shall be reported whenever collectively they are at or above the corresponding threshold for significant intra-group transactions, even though individually the transactions fall below the threshold.
Any element added to significant intragroup transactions shall be reported as a separate intragroup transaction, even if the element in its own right falls below the significant threshold limit. For example, if an undertaking increases the initial loan amount to another related undertaking the addition to the loan shall be recorded as a separate item with its issue date as the date of the addition.
Where the transaction value is different for two transacting parties (e.g. a EUR10m transaction between A and B where A records EUR10m but B only receive EUR9,5 m because of transactions costs, of say EUR0,5 m has been expensed) the template shall record the maximum amount as the transaction amount, in this case EUR10m.
Indirect transactions shall be defined as any transaction shifting risk exposures between entities within the group including but not limited to transactions with special purpose vehicle, collective investment undertakings, ancillary entities or unregulated entities; or entities outside of the group but ultimately risk exposure is brought back or stays within the group. Where there is a chain of related intragroup transactions (e.g. A invests in B and B invests in C), this transaction shall be reported as an indirect transaction. Therefore A to C transaction shall be reported and the comments shall mention the intermediary step. In the case of a waterfall of transactions, e. g. if ‘A’-> ‘B’ -> ‘C’-> ‘D’ where both ‘B’ and ‘C’ are both in the group but unregulated entities, this transaction shall also be reported.
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