The rule in plain words
Items "Collateral type", "Type of structured product", "Capital protection", "Underlying security/index/portfolio", "Synthetic structured product" and "Prepayment structured product" must always be provided
The headline gives only the template and the kind of check, because the rule is too long to say in a headline. The plain words above say all of it.
What to do if your return fails it
- 01Open the table below and find the cells the rule reads.
- 02The check applies only when its first part holds in your return. When it does, the second part must hold too: fix the second part, or correct the first.
- 03It runs only when your filing indicators mark S.07.01 as reported.
- 04This is a blocking check. A return that fails it is normally rejected, so fix it before you submit.
The cells it reads
Structured products (S.07.01.01.01)
Columns
- C0060Collateral type
- C0070Type of structured product
- C0080Capital protection
- C0090Underlying security/index/portfolio
- C0100Callable or Putable
- C0110Synthetic structured product
- C0120Prepayment structured product
- C0130Collateral value
- C0140Collateral portfolio
- C0150Fixed Annual Return
- C0160Variable Annual Return
- C0170Loss given default
- C0180Attachment point
- C0190Detachment point
Which returns it applies to
Line4 Check runs it on annual solo (ARS) and annual branch (ARB) returns on EIOPA taxonomy 2.10.0. EIOPA applies it to annual branch (ARB), annual solo (ARS), annual ECB solo (AES) and annual ECB branch (AEB) returns, as a blocking check.
EIOPA’s own words and formula
The plain words above are EIOPA’s own, word for word, from its list of validations.
Show the formulaShowHide
EIOPA's formula. Cells are written as {t: table, r: row, c: column}.
if not(isNull({t: S.07.01.01.01, c: C0100, z: Z0001})) or not(isNull({t: S.07.01.01.01, c: C0130, z: Z0001})) or not(isNull({t: S.07.01.01.01, c: C0140, z: Z0001})) or not(isNull({t: S.07.01.01.01, c: C0150, z: Z0001})) or not(isNull({t: S.07.01.01.01, c: C0160, z: Z0001})) or not(isNull({t: S.07.01.01.01, c: C0170, z: Z0001})) or not(isNull({t: S.07.01.01.01, c: C0180, z: Z0001})) or not(isNull({t: S.07.01.01.01, c: C0190, z: Z0001})) then not(isNull({t: S.07.01.01.01, c: C0060, z: Z0001})) and not(isNull({t: S.07.01.01.01, c: C0070, z: Z0001})) and not(isNull({t: S.07.01.01.01, c: C0080, z: Z0001})) and not(isNull({t: S.07.01.01.01, c: C0090, z: Z0001})) and not(isNull({t: S.07.01.01.01, c: C0110, z: Z0001})) and not(isNull({t: S.07.01.01.01, c: C0120, z: Z0001})) else false()Other rules on Structured products (S.07.01)
- Structured products: a conditional check (BV1585)Blocking
- Structured products: double, trailing or leading whitespaces are not allowed (TV10)Blocking
Every Solvency II rule on S.07.01
Checks like this one, run at the point of submission, are the first step to real-time supervision. Line4 builds SupTech software for financial regulators that runs checks like these as each return arrives.