Question
C 25.01 Data point intersecting Row 0130 (“Total non-centrally cleared SFTs that are fair-valued for accounting purposes, excluding exempted transactions” and Column 0050 (“Simplified treatment for derivative positions of CIU”) – we do not believe that the template dimensions are correct whereby SFTs are subset of derivatives.
Background on the question
The cells referenced in this regard do not make sense. From the firm's perspective, we do not follow an approach where SFTs are a subset of derivatives.
Answer
In template C 25.01 of Implementing Regulation (EU) 2024/3117, the cell (r0130, c0050) is not greyed out. However, the simplified treatment mentioned in column 0050 is applicable to derivatives rather than SFTs. Cell (r0130, c0050) will be greyed out in a future release of the ITS. In the meantime, the cell can be left blank.