Note issuance facilities (NIFs) and revolving underwritings facilities (RUFs). credit facilities” which comprise agreements to or “Undrawn “lend” provide facilities” when the terms and conditions are not “acceptance credit facilities” which comprise agreements to “Undrawn “purchase securities” or guarantees”. “provide credit facilities for tender and performance guarantees”. “Undrawn off-balance sheet items” in Annex I of the CRR. “Other Under IFRS or compatible National GAAP, the following item are recognised in the balance sheet and, consequently, should not be reported as off-balance sheet exposures: derivatives” that do not meet the definition of financial guarantees “Credit are under IAS 39. “derivatives” are obligations by an institution to pay on maturity the “Acceptances” face value of a bill of exchange, normally covering the sale of goods. Consequently, they are classified as receivables” on the balance “trade sheet on bills” that do not meet the criteria for derecogniton “Endorsements under IAS 39. with recourse” that do not meet the criteria for derecogniton “Transactions under IAS 39. purchased under outright forward purchase agreements” are “Assets under IAS 39. “derivatives” sale and repurchase agreements as defined in Article 12 (3) and (5) “Asset of Directive 86/635/EEC”. In these contracts, the transferee has the option, but not the obligation, to return the assets at a price agreed in advance on a date specified (or to be specified). Therefore, these contracts meet the definition of derivatives under IAS 39.9. which: defaulted” shall include the nominal amount of those loan “of commitments, financial guarantees and other commitments given whose counterparty has incurred in default according to Article 178 of the CRR. For off-balance sheet exposures, the amount” is the amount that “Nominal best represents the institution’s maximum exposure to credit risk without taking account of any collateral held or other credit enhancements. In particular, for financial guarantees given, the nominal amount is the maximum amount the entity could have to pay if the guarantee is called on. For loan commitments, the nominal amount is the undrawn amount that the
Note issuance facilities (NIFs) and revolving underwritings facilities (RUFs). “Undrawn credit facilities” which comprise agreements to “lend” or provide “acceptance facilities” when the terms and conditions are not “Undrawn credit facilities” which comprise agreements to “purchase securities” or “provide guarantees”. “Undrawn credit facilities for tender and performance guarantees”. “Other off-balance sheet items” in Annex I of the CRR. Under IFRS or compatible National GAAP, the following item are recognised in the balance sheet and, consequently, should not be reported as off-balance sheet exposures: “Credit derivatives” that do not meet the definition of financial guarantees are “derivatives” under IAS 39. “Acceptances” are obligations by an institution to pay on maturity the face value of a bill of exchange, normally covering the sale of goods. Consequently, they are classified as “trade receivables” on the balance sheet “Endorsements on bills” that do not meet the criteria for derecogniton under IAS 39. “Transactions with recourse” that do not meet the criteria for derecogniton under IAS 39. “Assets purchased under outright forward purchase agreements” are “derivatives” under IAS 39. “Asset sale and repurchase agreements as defined in Article 12 (3) and (5) of Directive 86/635/EEC”. In these contracts, the transferee has the option, but not the obligation, to return the assets at a price agreed in advance on a date specified (or to be specified). Therefore, these contracts meet the definition of derivatives under IAS 39.9. “of which: defaulted” shall include the nominal amount of those loan commitments, financial guarantees and other commitments given whose counterparty has incurred in default according to Article 178 of the CRR. For off-balance sheet exposures, the “Nominal amount” is the amount that best represents the institution’s maximum exposure to credit risk without taking account of any collateral held or other credit enhancements. In particular, for financial guarantees given, the nominal amount is the maximum amount the entity could have to pay if the guarantee is called on. For loan commitments, the nominal amount is the undrawn amount that the
Annex%20V%20-%20Instructions_FINREP.docx