Question
Google does not exist anymore. Alphabet Inc. was created as a subsidiary directly owned by Google Inc. The restructuring process was completed on October 2, 2015. Alphabet retains Google Inc.'s stock price history and continues to trade under Google Inc.'s former ticker symbols "GOOG" and "GOOGL". In the description of the portfolio 1.2, it is written: “Long 100 contract OTC Google (GOOG) OTM 3-months call options.” Could you please clarify if we should book on: - Alphabet Inc Class C (GOOG) - Alphabet Inc Class A (GOOGL)
Background on the question
Google does not exist anymore. Alphabet Inc. was created as a subsidiary directly owned by Google Inc. The restructuring process was completed on October 2, 2015. Alphabet retains Google Inc.'s stock price history and continues to trade under Google Inc.'s former ticker symbols "GOOG" and "GOOGL". In the description of the portfolio 1.2, it is written: “Long 100 contract OTC Google (GOOG) OTM 3-months call options.” Could you please clarify if we should book on: - Alphabet Inc Class C (GOOG) - Alphabet Inc Class A (GOOGL)
Answer
For portfolio 1.2 of Annex V of the Draft ITS on Supervisory Reporting for Institutions for benchmarking the internal approaches (ITS on benchmarking) GOOG US Alphabet Inc. Class C Capital Stock (GOOG) should be used. DISCLAIMER: The present Q&A on Supervisory reporting is provisional. It will be reviewed after the Implementing Regulation is in force and published in the Official Journal, which may differ from the text of the draft ITS to which this Q&A relates.