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    S.03.01 — Off-balance sheet items — General Solo

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    S.03.01 — Off-balance sheet items — General

    General comments:

    This section relates to annual submission of information for individual entities.

    This section includes the information referring to off-balance sheet items and the maximum and solvency II value of contingent liabilities in Solvency II balance sheet.

    A pool of assets that secure an investment (e.g. the pool of assetsthat are a collateral for covered bonds) should not be reported in this template.

    As regards the Solvency II value, the instructions define the items from a recognition perspective. Valuation principles are laid down in Directive 2009/138/EC, Delegated Regulation (EU) 2015/35, Technical Standards issued under Directive 2009/138/EC and EIOPA Guidelines.

    Guarantees require the issuer to make specified payments to reimburse the holder for a loss it incurs if a specified debtor fails to make payment when due under the original or modified terms of a debt instrument. These guarantees can have various legal forms, such as financial guarantees, letters of credit, credit default contracts. These items shall not include guarantees stemming from insurance contracts, which are recognised in technical provisions.

    A contingent liability is defined as:

    • a) a possible obligation that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the entity; or
    • b) a present obligation that arises from past events even if:
      • i. it is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation; or
      • ii. the amount of the obligation cannot be measured with sufficient reliability.

    Collateral is an asset with a monetary value or a commitment that secure the lender against the defaults of the borrower. The value of the collateral should be reported as the economic value of the collateral at per reference date (Solvency II value of the assets), not as the risk-adjusted value of a collateral according to Article 197 of the Delegated Regulation.

    Only limited guarantees are to be reported in this template excluding information about any provided or received unlimited guarantee.

    This template shall be submitted when any of the following conditions apply:

    • a) the amount of any of the following sums is higher than 2% of Total Assets:
      • i. (C0020/R0010) Value of guarantee/collateral/contingent liabilities Guarantees provided by the undertaking, including letters of credit + (C0020/R0300) Value of guarantee/collateral/contingent liabilities — Total collateral pledged + (C0010/R0400) Maximum value — Total Contingent liabilities;
      • ii. (C0020/R0030) Value of guarantee/collateral/contingent liabilities Guarantees received by the undertaking, including letters of credit + (C0020/R0200) Value of guarantee/collateral/contingent liabilities — Total collateral held; or
    • b) the undertaking has provided or received unlimited guarantee.
    ITEMINSTRUCTIONS
    C0010/R0010Maximum value — Guarantees provided by the
    undertaking, including
    letters of credit    		Sum of all possible cash out-flows related to
    guarantees if events triggering guarantees
    were all to happen in relation to guarantees
    provided by the undertaking to another party.
    It includes cash-flows related to letter of
    credit.
    In case any guarantee is also identified as
    contingent liability under R0310, the
    maximum amount shall also be included in
    this row.
    C0010/R0020Maximum value — Guarantees provided by the
    undertaking, including
    letters of credit, of which,
    guarantees, including letters
    of credit provided to other
    undertakings of the same
    group    		Part of C0010/R0010 related to guarantees,
    including letters of credit, provided to other
    undertakings of the same group.
    C0020/R0010Value of
    guarantee/collateral/conting
    ent liabilities — Guarantees
    provided by the
    undertaking, including
    letters of credit    		Solvency II value of the guarantees provided
    by the undertaking, including letters of credit
    C0020/R0020Value of
    guarantee/collateral/conting
    ent liabilities — Guarantees
    provided by the
    undertaking, including
    letters of credit, of which,
    guarantees, including letters
    of credit provided to other
    undertakings of the same
    group    		Part of C0020/R0010 related guarantees,
    including letters of credit provided to other
    undertakings of the same group.
    C0010/R0030Maximum value — Guarantees received by the
    undertaking, including
    letters of credit    		Sum of all possible cash in-flows related to
    guarantees if events triggering guarantees
    were all to happen in relation to guarantees
    received by the undertaking from another
    party to guarantee the payment of the
    liabilities due by the undertaking (includes
    letter of credit, undrawn committed
    borrowing facilities).
    C0010/R0040Maximum value — Guarantees received by the
    undertaking, including
    letters of credit, of which,
    guarantees, including letters
    of credit received from
    other undertakings of the
    same group    		Part of C0010/R0030 related to guarantees,
    including letters of
    credit received from other
    undertakings of the same group.
    C0020/R0030Value of
    guarantee/collateral/conting
    ent liabilities — Guarantees
    received by the undertaking,
    including letters of credit    		Solvency II value of the guarantees received
    by the undertaking, including letters of credit.
    C0020/R0040Value of
    guarantee/collateral/conting
    ent liabilities — Guarantees
    received by the undertaking,
    including letters of credit, of
    which, guarantees,
    including letters of credit
    received from other
    undertakings of
    the same
    group    		Part of C0020/R0030 related to guarantees,
    including letters of credit received from other
    undertakings of the same group.
    C0020/R0100Value of
    guarantee/collateral/conting
    ent liabilities –Collateral
    held for loans made or
    bonds purchased    		Solvency II value of the collaterals held for
    loans made or bonds purchased.
    C0020/R0110Value of
    guarantee/collateral/conting
    ent liabilities –Collateral
    held for derivatives    		Solvency II value of the collaterals held for
    derivatives.
    C0020/R0120Value of
    guarantee/collateral/conting
    ent liabilities — Assets
    pledged by reinsurers for
    ceded technical provisions    		Solvency II value of the assets pledged by
    reinsurers for ceded technical provisions.
    C0020/R0130Value of
    guarantee/collateral/conting
    ent liabilities — Other
    collateral held    		Solvency II value of other collaterals held.
    ent liabilities –Total
    collateral held
    C0030/R0100Value of assets for which
    collateral is held — Collateral held for loans
    made or bonds purchased    		Solvency II value of the assets for which the
    collateral for loans made or bonds purchased
    is held.
    C0030/R0110Value of assets for which
    collateral is held — Collateral held for
    derivatives    		Solvency II value of the assets for which the
    collateral for derivatives is held.
    C0030/R0120Value of assets for which
    collateral is held — Assets
    pledged by reinsurers for
    ceded technical provisions    		Solvency II value of the assets for which the
    collateral on assets pledged by reinsurers for
    ceded technical provisions is held.
    C0030/R0130Value of assets for which
    collateral is held — Other
    collateral held    		Solvency II value of the assets for which the
    other collateral is held.
    C0030/R0200Value of assets for which
    collateral is held — Total
    collateral held    		Total Solvency II value of the assets for
    which the total collateral is held.
    C0020/R0210Value of
    guarantee/collateral/conting
    ent liabilities — Collateral
    pledged for
    loans received
    or bonds issued    		Solvency II value of the collaterals pledged
    for loans received or bonds issued.
    C0020/R0220Value of
    guarantee/collateral/conting
    ent liabilities — Collateral
    pledged for derivatives    		Solvency II value of the collaterals pledged
    for derivatives.
    C0020/R0230Value of
    guarantee/collateral/conting
    ent liabilities — Assets
    pledged to cedants for
    technical provisions
    (reinsurance accepted)    		Solvency II value of the assets pledged to
    cedants for technical provisions (reinsurance
    accepted).
    C0020/R0240Value of
    guarantee/collateral/conting
    ent liabilities — Other
    collateral pledged    		Solvency II value of the collateral pledged for
    other collateral.
    C0020/R0300Value of
    guarantee/collateral/conting    		Total Solvency II value of the collateral
    pledged.
    ent liabilities — Total
    collateral pledged
    C0040/R0210Value of liabilities for
    which collateral is pledged
    — Collateral pledged for
    loans received or bonds
    issued    		Solvency II value of the liabilities for which
    the collateral for loans received or bonds
    issued is pledged.
    C0040/R0220Value of liabilities for
    which collateral is pledged
    — Collateral pledged for
    derivatives    		Solvency II value of the liabilities for which
    the collateral for derivatives is pledged.
    C0040/R0230Value of liabilities for
    which collateral is pledged
    — Assets pledged to
    cedants for technical
    provisions (reinsurance
    accepted)    		Solvency II value of the liabilities for which
    the assets are pledged to cedants for technical
    provisions (reinsurance accepted).
    C0040/R0240Value of liabilities for
    which collateral is pledged
    — Other collateral pledged    		Solvency II value of the liabilities for which
    other collateral is pledged.
    C0040/R0300Value of liabilities for
    which collateral is pledged
    — Total collateral pledged    		Total Solvency II value of the liabilities for
    which the collateral is pledged.
    C0010/R0310Maximum value — Contingent liabilities not in
    Solvency II Balance Sheet    		Maximum possible value, regardless of their
    probability (i.e. future cash out-flows
    required to settle the contingent liability over
    the lifetime of that contingent liability,
    discounted at the relevant risk-free interest
    rate term structure) of contingent liabilities
    that are not included in those valued in
    Solvency II Balance Sheet (item
    C0010/R0740 of S.02.01).
    This shall relate to contingent liabilities that
    are not material.
    This amount shall include guarantees
    reported in R0010 if considered as contingent
    liabilities.
    C0010/R0320Maximum value — Contingent liabilities not in
    Solvency II Balance Sheet,
    of which contingent
    liabilities toward entities of
    the same group    		Part of C0010/R0310 related to contingent
    liabilities toward entities of the same group.
    C0010/R0330Maximum value — Contingent liabilities in
    Solvency II Balance Sheet    		Maximum possible value, regardless of their
    probability (i.e. future cash out – flows
    required to settle the contingent liability over
    the lifetime of that contingent liability,
    discounted at the relevant risk-free interest
    rate term structure) of contingent liabilities
    that are valued in Solvency II Balance Sheet
    as defined in Article 11 of
    Delegated
    Regulation (EU) 2015/35.
    C0010/R0400Maximum value — Total
    Contingent liabilities    		Total maximum possible value regardless of
    their probability (i.e. future cash flows
    required to settle the contingent liability over
    the lifetime of that contingent liability,
    discounted at the relevant risk-free interest
    rate term structure) of contingent liabilities.
    C0020/R0310Value of
    guarantee/collateral/conting
    ent liabilities — Contingent
    liabilities not in Solvency II
    Balance Sheet    		Solvency II value of the contingent liabilities
    not in Solvency II Balance Sheet.
    C0020/R0330Value of
    guarantee/collateral/conting
    ent liabilities — Contingent
    liabilities in Solvency II
    Balance Sheet    		Solvency II value of the contingent liabilities
    in Solvency II Balance Sheet. This value shall
    only be reported in relation to contingent
    liabilities for which a value in item
    C0010/R0330 in S.03.01 was reported.
    If this
    value is lower than C0010/R0740 in
    S.02.01 an explanation shall be provided in
    the narrative reporting.
    C0050/R0510Unlimited guarantees -
    received    		Indication if the undertaking has received any
    unlimited guarantees. One of the options in the
    following closed list shall be used:
    0 -
    no unlimited guarantees received;
    1 -
    Unlimited guarantees received only from
    entities of
    the same group;
    2 -
    Unlimited guarantees received only from
    entities not belonging to the same group;
    3 – Unlimited guarantees received from
    entities of the same group and from entities
    not belonging to the same group.
    C0050/R0520Unlimited guarantees – providedIndication if the undertaking has provided any
    unlimited guarantees. One of the options in the
    following closed list shall be used:
    0 – no unlimited guarantees provided;
    1 – Unlimited guarantees provided only to
    entities of the same
    group;
    2 -
    Unlimited guarantees provided only to
    entities
    not belonging to same
    group;
    3 -
    Unlimited guarantees provided to entities
    of the same group and to entities not
    belonging to same group.