currency is the same as IFRS with closing rate being used for reporting year end monetary items and spot rate for non-monetary items. should be used (currency rates announced by national central bank) 434. CEA BS-C1D- cell We query whether the item in the LOG should read, from LOG was corrected to “deposits A10 reinsurers and insurance intermediaries and reinsurance payables”. say: , from “deposits reinsurers and insurance, intermediaries and reinsurance payables”. 435. German Insurance BS-C1D- cell We query whether the item in the LOG should read, from Please see comment n. “deposits Association (GDV) A10 reinsurers and insurance intermediaries and reinsurance payables”. 434 436. The Phoenix Group BS-C1D- cell Is this value based on the hedging currency or the issue currency? Please see comment n. A11 393 437. CEA BS-C1D- cell Please refer to BS-C1- cell L23 for comments on reporting of A13 contingent liabilities. 438. German Insurance BS-C1D- cell Contingent liabilities’ have to be regarded as other liabilities’. Contingent liabilities are ‘Any Association (GDV) A13 reported in cell A13 439. CEA BS-C1D- cell There should be a convergent approach towards categorisation of Noted A14 other liabilities”. BS-C1-cell L25 is also titled other “any “any liabilities” yet EIOPA include additional cells in the formula to calculate this cell. They are liabilities We whether L15D and L26 are liabilities” or “other “financial liabilities”, in which case they would be reported in cell A12 of this template.
currency is the same as IFRS with closing rate being used for monetary items and spot rate for non-monetary items. reporting year end should be used (currency rates announced by national central bank) 434. CEA BS-C1D- cell A10 We query whether the item in the LOG should read, “deposits from reinsurers and insurance intermediaries and reinsurance payables”. LOG was corrected to say: , “deposits from reinsurers and insurance, intermediaries and reinsurance payables”. 435. German Insurance Association (GDV) BS-C1D- cell A10 We query whether the item in the LOG should read, “deposits from reinsurers and insurance intermediaries and reinsurance payables”. Please see comment n. 434 436. The Phoenix Group BS-C1D- cell A11 Is this value based on the hedging currency or the issue currency? Please see comment n. 393 437. CEA BS-C1D- cell A13 Please refer to BS-C1- cell L23 for comments on reporting of contingent liabilities. 438. German Insurance Association (GDV) BS-C1D- cell A13 Contingent liabilities’ have to be regarded as ‘Any other liabilities’. Contingent liabilities are reported in cell A13 439. CEA BS-C1D- cell A14 There should be a convergent approach towards categorisation of “any other liabilities”. BS-C1-cell L25 is also titled “any other liabilities” yet EIOPA include additional cells in the formula to calculate this cell. We whether L15D and L26 are “other liabilities” or “financial liabilities”, in which case they would be reported in cell A12 of this template. Noted They are liabilities
Comments_template_QRT_BS_final.docx