Solvency II Asset Reporting: Aggregating Lines by CIC Code

Summary

The document concerns how cash and deposit assets should be grouped in the Solvency II Assets D1 report. The question cites reporting instructions that call for one line per currency for cash, and one line per bank and currency for transferable deposits and other short-term deposits. It asks whether those groupings apply across country-prefixed CIC codes or separately to each code, and raises how the reporting should handle life and nonlife business, ring-fenced funds, and look-through cash balances.

The response points to a clarification in a consultation paper: unless a rule specifies otherwise, each asset should be reported on as many separate lines as needed to complete all requested variables properly. This supplies a general reporting principle, but it does not resolve each of the question’s specific cases or interpret every field and aggregation rule. The applicable reporting version and any more specific instructions therefore remain important when preparing a submission.

Key ideas

• Cash and deposit reporting rules may require aggregation by currency or by bank and currency.
• Country prefixes on CIC codes raise questions about whether aggregation spans codes.
• Assets should be split across as many reporting lines as needed to populate requested variables.
• Specific reporting instructions may affect splits for business type, ring-fenced funds, and look-through holdings.

Tags

# Solvency II Assets-D1 - aggregation of line items by CIC code


# Solvency II Assets-D1 - aggregation of line items by CIC code












The revised version of Assets D1 (now S.06.02 – List of assets under CP13) requires the following aggregations (page 24):

- CIC 71 (Cash), only one line per currency is to be reported;

- CIC 72 (Transferable deposits (cash equivalents)), only one line per pair(bank, currency) is to be reported;

- CIC 73 (Other deposits short term (less than one year)), only one line per pair(bank, currency) is to be reported;

CIC codes however are prefixed with a country code. So my question is - should this report have just ONE line per currency, or one line per currency per XX71 code? (and similarly for the other points..). If the former, then how should the CIC code be represented? (presumably 'CIC71').

EDIT: I don't see how this can be 'one line per currency' - as we also need to split between Life / Nonlife and RFFs.. Also, would 'look through' cash balances be aggregated too?

## Answer by Allan Bowe (score 0, accepted)

https://quant.stackexchange.com/a/17200

The answer can be found on page 10 of CP-14-052 (released 27 November 2014):

> Unless otherwise stated, each asset shall be reported separately in as many lines as needed in order to properly fill in all variables requested.

Shown in full with attribution under the source's licence. Licence: CC BY-SA 4.0 (Stack Exchange)

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.