COMMISSION IMPLEMENTING REGULATION (EU) No 484/2014
of 12 May 2014
laying down implementing technical standards with regard to the hypothetical capital of a central counterparty according to Regulation (EU) No 648/2012 of the European Parliament and of the Council
(Text with EEA relevance)
Article 1
Frequency and dates of the calculation required by Article 50a(3) of Regulation (EU) No 648/2012
Article 2
Frequency, dates and uniform format of the reporting required by Articles 50c(2) and 89(5a) of Regulation (EU) No 648/2012
Article 3
Conditions for higher frequencies of calculation and reporting in accordance with Article 50a(3) and Article 50c(2) of Regulation (EU) No 648/2012
Article 4
Transitional provision
Article 5
Entry into force and date of application
ANNEX I
ID |
Item |
Legal references |
Amount |
10 |
Central Counterparty |
— |
|
20 |
Default fund identifier |
Art. 50c(1), Regulation (EU) 648/2012 |
|
30 |
Calculation date |
Art. 1(2), Commission Implementing Regulation (EU) No 484/2014 |
|
40 |
Hypothetical capital (KCCP) |
Art. 50c(1)(a), Regulation (EU) 648/2012 |
|
50 |
Sum of pre-funded contributions (DFCM) |
Art. 50c(1)(b), Regulation (EU) 648/2012 |
|
60 |
Amount of pre-funded financial resources that it is required to use before using the default fund contributions of the remaining clearing members (DFCCP) |
Art. 50c(1)(c), Regulation (EU) 648/2012 |
|
70 |
Total number of clearing members (N) |
Art. 50c(1)(d), Regulation (EU) 648/2012 |
|
80 |
Concentration factor (β) |
Art. 50c(1)(e), Regulation (EU) 648/2012 |
|
90 |
Total amount of initial margin |
Art. 89(5a) third subparagraph, Regulation (EU) 648/2012 |
|
ANNEX II
Instructions for reporting information related to hypothetical capital
GENERAL INSTRUCTIONS
2. Frequency
3. Remittance dates
TEMPLATE RELATED INSTRUCTIONS
4. Sign convention
Template ID |
Instructions |
|
10 |
Central counterparty (CCP) name |
|
Format |
Text, any number of characters |
|
20 |
Default fund identifier |
|
Legal references |
Article 50c(1) of Regulation (EU) No 648/2012 |
|
Instruction |
In accordance with Article 50c(1) where the CCP has more than one default fund, it shall report the information in the first subparagraph of that Article for each default fund separately. |
|
Format |
Text, any number of characters |
|
Calculation |
None |
|
30 |
Calculation date |
|
Legal references |
Article 1(2) of this Regulation |
|
Note |
Calculation date in accordance with Article 1(2) of this Regulation depending on the required frequency. |
|
Format |
YYYY-MM-DD Four-digit year, hyphen, two-digit month, hyphen, two-digit day |
|
Calculation |
None |
|
40 |
Hypothetical capital (KCCP) |
|
Legal references |
Article 50c(1)(a) of Regulation (EU) No 648/2012 |
|
Instructions |
The reporting currency shall be identified using ISO 4217 currency code followed by a space and the amount. Figures can be rounded with a rounding error smaller than 1 %. |
|
Format |
ISO-Code amount |
|
Calculation |
The hypothetical capital shall be calculated as required in Article 50a(2) of Regulation (EU) No 648/2012. |
|
50 |
Sum of pre-funded contributions (DFCM) |
|
Legal references |
Article 50c(1)(b) of Regulation (EU) No 648/2012. |
|
Calculation |
The pre-funded contributions shall be calculated as the sum of the pre-funded contribution of clearing member as required in Article 308(2) of Regulation (EU) No 575/2013. |
|
Instructions |
The reporting currency shall be identified using ISO 4217 currency code followed by a space and the amount. Figures can be rounded with a rounding error smaller than 1 %. |
|
Format |
ISO-Code amount |
|
60 |
Amount of pre-funded financial resources that it is required to use before using the default fund contributions of the remaining clearing members (DFCCP) |
|
Legal references |
Article 50c(1)(c) of Regulation (EU) No 648/2012 |
|
Calculation |
The sum of pre-funded contributions of all clearing members of the CCP shall be calculated as required in Article 308(3)(c) of Regulation (EU) No 575/2013. |
|
Instructions |
The reporting currency shall be identified using ISO 4217 currency code followed by a space and the amount. Figures can be rounded with a rounding error smaller than 1 %. |
|
Format |
ISO-Code amount |
|
70 |
Total number of clearing members (N) |
|
Legal references |
Article 50c(1)(d) of Regulation (EU) No 648/2012 |
|
Calculation |
The number of the clearing members of the CCP. |
|
Format |
Integer number |
|
80 |
Concentration factor (β) |
|
Legal references |
Article 50c(1)(e) of Regulation (EU) No 648/2012 |
|
Calculation |
The concentration factor shall be calculated as required in Article 50d(c) of Regulation (EU) No 648/2012. |
|
Instructions |
The reporting currency shall be identified using ISO 4217 currency code followed by a space and the amount. Figures can be rounded with a rounding error smaller than 1 %. |
|
Format |
ISO-Code amount |
|
90 |
Total amount of initial margin |
|
Legal references |
Third subparagraph of Article 89(5a) of Regulation (EU) No 648/2012. |
|
Calculation |
The total initial margin received by the CCP from its clearing members shall be calculated as required in Articles 24 to 27 of the Delegated Regulation (EU) No 153/2013. |
|
Instructions |
This information shall be reported only where applicable. The reporting currency shall be identified using ISO 4217 currency code followed by a space and the amount. Figures can be rounded with a rounding error smaller than 1 %. |
|
Format |
ISO-Code amount |