Question
Why there is still some validation rules which control if Financial Garantee and Collateral are less than the Gross Carrying Amount in FINREP 18?
Background on the question
There is several validation rules which obliged us to declare Financial Guarantee and Collateral less than the Gross Carrying Amount in FIN 18. There is multiple business cases where we can have Financial guarantee and collateral more than gross carrying amount. And no regulatory text which support this validation rules. Concerned vr : v11909_m, v11910_m; v11911_m; v11912_m; ; v11913_m; ; v11914_m; v11915_m; v11916_m; v11917_m; v11918_m; v11919_m; v11909_m; v11920_m; v11921_m; v11922_m; v11923_m; v11924_m; v11925_m; v1192226_m; v11927_m; v11927_m;v v11928_m; v11929_m; v11930_m; v11931_m; v11932_m; v11933_m;v v11934_m; v11935_m; v11936_m; v11937_m;v v11938_m; v11940_m; v11941_m; v11942_m;v v11943_m; v11944_m; v11945_m; v11946_m; v11947_m; v11948m; v11949_m; v11950_m; v11951_m; v11952_m; v11953_m; v11954_m; v11955_m;VV v11956_m; v11957_m; v11958_m; v11959_m; v11960_m; v11961_m; v7820_m; v7821_m
Answer
This question has been rejected because the issue it deals with is already explained or addressed in Annex V, Part 2, paragraph 239 of Commission Implementing Regulation (EU) 2021/ 451.For further information on the purpose of this tool and on how to submit questions, please see 'Additional background and guidance for asking questions'.