The rule in plain words
Future guaranteed and discretionary benefits should be reported as positive value
What to do if your return fails it
- 01Open the table below and find the cells the rule reads.
- 02Look for a value below zero in these cells, such as an amount entered as a negative number.
- 03It runs only when your filing indicators mark S.13.01 as reported.
- 04This is a warning. It does not stop the return on its own, but your supervisor may ask you to explain it.
The cells it reads
Projection of future gross cash flows (Best estimate - life) (S.13.01.01.01)
Rows
- R00101
- R00202
- R00303
- R00404
- R00505
- R00606
- R00707
- R00808
- R00909
- R010010
- R011011
- R012012
- R013013
- R014014
- R015015
- R016016
- R017017
- R018018
- R019019
- R020020
- R021021
- R022022
- R023023
- R024024
- R025025
- R026026
- R027027
- R028028
- R029029
- R030030
- R031031-40
- R032041-50
- R033051 & after
Columns
- C0011Future guaranteed benefits
- C0015Future discretionary benefits
- C0051Future guaranteed benefits
- C0055Future discretionary benefits
- C0091Future guaranteed benefits
- C0095Future discretionary benefits
- C0131Future guaranteed benefits
- C0135Future discretionary benefits
- C0171Future guaranteed benefits
- C0175Future discretionary benefits
- C0211Future guaranteed benefits
- C0215Future discretionary benefits
- C0251Future guaranteed benefits
- C0255Future discretionary benefits
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 ECB solo (AES), annual ECB branch (AEB), annual solo (ARS) and annual branch (ARB) returns, as a warning.
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}.
{t: S.13.01.01.01, r: R0010; R0020; R0030; R0040; R0050; R0060; R0070; R0080; R0090; R0100; R0110; R0120; R0130; R0140; R0150; R0160; R0170; R0180; R0190; R0200; R0210; R0220; R0230; R0240; R0250; R0260; R0270; R0280; R0290; R0300; R0310; R0320; R0330, c: C0011; C0015; C0051; C0055; C0091; C0095; C0131; C0135; C0171; C0175; C0211; C0215; C0251; C0255} >= 0Other rules on Projection of future gross cash flows (S.13.01)
Every Solvency II rule on S.13.01
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.