Commission Implementing Regulation (EU) 2024/1618 amending Implementing Regulation (EU) 2021/763 on supervisory reporting and public disclosure of MREL and TLAC

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Commission Implementing Regulation (EU) 2024/1618 of 6 June 2024 amending Implementing Regulation (EU) 2021/763 laying down implementing technical standards for the application of Regulation (EU) No 575/2013 of the European Parliament and of the Council and Directive 2014/59/EU of the European Parliament and of the Council with regard to the supervisory reporting and public disclosure of the minimum requirement for own funds and eligible liabilities

C/2024/3624

OJ L, 2024/1618, 7.6.2024, ELI: http://data.europa.eu/eli/reg_impl/2024/1618/oj (BG, ES, CS, DA, DE, ET, EL, EN, FR, GA, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)

In force

ELI: http://data.europa.eu/eli/reg_impl/2024/1618/oj

Language 1

Language 2

Language 3

Official Journal of the European Union

L series

2024/1618

7.6.2024

COMMISSION IMPLEMENTING REGULATION (EU) 2024/1618

of 6 June 2024

amending Implementing Regulation (EU) 2021/763 laying down implementing technical standards for the application of Regulation (EU) No 575/2013 of the European Parliament and of the Council and Directive 2014/59/EU of the European Parliament and of the Council with regard to the supervisory reporting and public disclosure of the minimum requirement for own funds and eligible liabilities

(Text with EEA relevance)

THE EUROPEAN COMMISSION,

Having regard to the Treaty on the Functioning of the European Union,

Having regard to Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and amending Regulation (EU) No 648/2012 ( 1 ) , and in particular Article 430(7), fifth subparagraph, and Article 434a, fifth subparagraph, thereof,

Having regard to Directive 2014/59/EU of the European Parliament and of the Council of 15 May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms and amending Council Directive 82/891/EEC, and Directives 2001/24/EC, 2002/47/EC, 2004/25/EC, 2005/56/EC, 2007/36/EC, 2011/35/EU, 2012/30/EU and 2013/36/EU, and Regulations (EU) No 1093/2010 and (EU) No 648/2012, of the European Parliament and of the Council ( 2 ) , and in particular Article 45i(5), fifth subparagraph, and Article 45i(6), fifth subparagraph, thereof,

Whereas:

(1)

Regulation (EU) 2022/2036 of the European Parliament and of the Council ( 3 ) introduced into Regulation (EU) No 575/2013 the requirement that intermediate entities in a resolution group are to deduct from eligible liabilities items their holdings of own funds instruments and eligible liabilities instruments used for the compliance with the requirement set out in Article 92b of Regulation (EU) No 575/2013 (‘internal Total Loss-absorbing Capacity requirement’ or ‘internal TLAC’) or the requirement set out in Article 45f of Directive 2014/59/EU of the European Parliament and of the Council ( 4 ) (‘internal minimum requirement for own funds and eligible liabilities’ or ‘internal MREL’) where those own funds instruments and eligible liabilities instruments were issued by entities that are not themselves resolution entities and that belong to the same resolution group. Therefore, it is necessary to reflect this deduction requirement in the templates for the public disclosure of harmonised information on internal MREL and internal TLAC set out in Commission Implementing Regulation (EU) 2021/763 ( 5 ) . This deduction requirement should equally be reflected in the harmonised information provided to competent and resolution authorities.

(2)

Directive (EU) 2024/1174 of the European Parliament and of the Council ( 6 ) amending Directive 2014/59/EU and Regulation (EU) No 806/2014 as regards certain aspects of the minimum requirement for own funds and eligible liabilities further amended the deduction requirement laid down in Regulation (EU) No 575/2013 by specifying in Directive 2014/59/EU and Regulation (EU) No 806/2014 that intermediate entities in a resolution group are only to deduct their holdings of own funds instruments issued by liquidation entities that belong to the same resolution group and are not themselves resolution entities, subject to certain conditions related to the materiality of those holdings. Those amendments should also be reflected in the harmonised information provided in templates for the public disclosure and reporting to competent authorities and resolution authorities.

(3)

Entities subject to the requirements set out in Article 92a or Article 92b of Regulation (EU) No 575/2013 (‘TLAC requirement’) or the requirement set out in Article 45 of Directive 2014/59/EU (‘MREL’) may, with the prior permission of their resolution authority, call, redeem, repay or repurchase eligible liabilities instruments in accordance with Article 78a of Regulation (EU) No 575/2013. Amounts covered by such a permission reduce the entities’ capacity to meet the MREL or the TLAC requirement. Therefore, it is necessary to specify how the impact of such a permission should be reflected in public disclosures and reporting to competent authorities and resolution authorities.

(4)

Implementing Regulation (EU) 2021/763 should therefore be amended accordingly.

(5)

This Regulation is based on the draft implementing technical standards submitted to the Commission by the European Banking Authority.

(6)

The European Banking Authority has conducted open public consultations on the draft implementing technical standards on which this Regulation is based, analysed the potential related costs and benefits and requested the advice of the Banking Stakeholder Group established in accordance with Article 37 of Regulation (EU) No 1093/2010 of the European Parliament and of the Council ( 7 ) .

(7)

To provide entities subject to the obligation to report or disclose information in accordance with Regulation (EU) No 575/2013 or Directive 2014/59/EU with sufficient time to adapt to the changes in templates and harmonised information, the changes should start to apply six months after its date of entry into force,

HAS ADOPTED THIS REGULATION:

Article 1

Amendments to Implementing Regulation (EU) 2021/763

Implementing Regulation (EU) 2021/763 is amended as follows:

(1)

templates M 02.00 and M 03.00 set out in Annex I are replaced by templates M 02.00 and M 03.00 set out in Annex I to this Regulation;

(2)

Annex II is replaced by the text in Annex II to this Regulation;

(3)

templates EU TLAC1 and EU ILAC set out in Annex V are replaced by templates EU TLAC1 and EU ILAC set out in Annex III to this Regulation;

(4)

Annex VI is replaced by the text in Annex IV to this Regulation.

Article 2

Entry into force and application

This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union .

It shall apply from 27 December 2024.

This Regulation shall be binding in its entirety and directly applicable in the Member States.

Done at Brussels, 6 June 2024.

For the Commission

The President

Ursula VON DER LEYEN

( 1 )

OJ L 176, 27.6.2013, p. 1 , ELI: http://data.europa.eu/eli/reg/2013/575/oj .

( 2 )

OJ L 173, 12.6.2014, p. 190 , ELI: http://data.europa.eu/eli/dir/2014/59/oj .

( 3 ) Regulation (EU) 2022/2036 of the European Parliament and of the Council of 19 October 2022 amending Regulation (EU) No 575/2013 and Directive 2014/59/EU as regards the prudential treatment of global systemically important institutions with a multiple-point-of-entry resolution strategy and methods for the indirect subscription of instruments eligible for meeting the minimum requirement for own funds and eligible liabilities ( OJ L 275, 25.10.2022, p. 1 , ELI: http://data.europa.eu/eli/reg/2022/2036/oj )

( 4 ) Directive 2014/59/EU of the European Parliament and of the Council of 15 May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms and amending Council Directive 82/891/EEC, and Directives 2001/24/EC, 2002/47/EC, 2004/25/EC, 2005/56/EC, 2007/36/EC, 2011/35/EU, 2012/30/EU and 2013/36/EU, and Regulations (EU) No 1093/2010 and (EU) No 648/2012, of the European Parliament and of the Council ( OJ L 173, 12.6.2014, p. 190 , ELI: http://data.europa.eu/eli/dir/2014/59/oj ).

( 5 ) Commission Implementing Regulation (EU) 2021/763 of 23 April 2021 laying down implementing technical standards for the application of Regulation (EU) No 575/2013 of the European Parliament and of the Council and Directive 2014/59/EU of the European Parliament and of the Council with regard to the supervisory reporting and public disclosure of the minimum requirement for own funds and eligible liabilities ( OJ L 168, 12.5.2021, p. 1 , ELI: http://data.europa.eu/eli/reg_impl/2021/763/oj ).

( 6 ) Directive (EU) 2024/1174 of the European Parliament and of the Council of 11 April 2024 amending Directive 2014/59/EU and Regulation (EU) No 806/2014 as regards certain aspects of the minimum requirement for own funds and eligible liabilities ( OJ L, 2024/1174, 22.4.2024, ELI: http://data.europa.eu/eli/dir/2024/1174/oj ).

( 7 ) Regulation (EU) No 1093/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Banking Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/78/EC ( OJ L 331, 15.12.2010, p. 12 , ELI: http://data.europa.eu/eli/reg/2010/1093/oj ).

ANNEX I

REPORTING ON THE MINIMUM REQUIREMENT FOR OWN FUNDS AND ELIGIBLE LIABILITIES

MREL AND TLAC TEMPLATES

TEMPLATE NUMBER

TEMPLATE CODE

NAME OF THE TEMPLATE /GROUP OF TEMPLATES

SHORT NAME

AMOUNTS: KEY METRICS OF MREL AND TLAC

M 01.00

Key metrics for MREL and TLAC (resolution groups / entities)

KM2

COMPOSITION AND MATURITY

M 02.00

MREL and TLAC capacity and composition (resolution groups / entities)

TLAC1

M 03.00

Internal MREL and internal TLAC

ILAC

M 04.00

Funding structure of eligible liabilities

LIAB-MREL

CREDITOR RANKING

M 05.00

Creditor ranking (entity that is not a resolution entity)

TLAC2

M 06.00

Creditor ranking (resolution entities)

TLAC3

CONTRACT SPECIFIC INFORMATION

M 07.00

Instruments governed by third-country law

MTCI

M 01.00 – Key metrics for MREL and TLAC (resolution groups / entities) (KM2)

Minimum requirement for own funds and eligible liabilities (MREL)

Requirement for own funds and eligible liabilities for G-SIIs (TLAC)

0010

0020

Total risk exposure amount and total exposure measure

0100

TOTAL RISK EXPOSURE AMOUNT (TREA)

0110

TOTAL EXPOSURE MEASURE (TEM)

Own funds and eligibile liabilities

0200

OWN FUNDS AND ELIGIBLE LIABILITIES

0210

Of which: own funds and subordinated liabilities

0220

Of which: governed by third country law

0230

Of which: containing a write down and conversion clause as referred to in Article 55 of Directive 2014/59/EU

Other bail-inable liabilities

0250

OTHER BAIL-INABLE LIABILITIES

0260

Of which: governed by third country law

0270

Of which: containing a write down and conversion clause as referred to in Article 55 of Directive 2014/59/EU

0280

Residual maturity of < 1 year

0285

Residual maturity of >= 1 year and < 2 years

0290

Residual maturity of >= 2 years

Ratios and subordination exemptions

0300

OWN FUNDS AND ELIGIBLE LIABILITIES AS A PERCENTAGE OF THE TREA

0310

Of which: own funds and subordinated liabilities

0320

OWN FUNDS AND ELIGIBLE LIABILITIES AS A PERCENTAGE OF THE TEM

0330

Of which: own funds and subordinated liabilities

0340

Does the subordination exemption laid down in Article 72b(4) of Regulation (EU) No 575/2013 apply? (5 % exemption)

0350

Aggregate amount of permitted non-subordinated eligible liabilities instruments if the subordination discretion laid down in Article 72b(3) of Regulation (EU) No 575/2013 is applied (max 3,5 % exemption)

0360

Share of the total non-subordinated liabilities that is included in own funds and eligible liabilities

M 02.00 – MREL and TLAC capacity and composition (resolution groups / entities) (TLAC1)

Minimum requirement for own funds and eligible liabilities (MREL)

G-SII Requirement for own funds and eligible liabilities (TLAC)

Memo item: Amounts eligible for the purposes of MREL, but not of TLAC

0010

0020

0030

0010

OWN FUNDS AND ELIGIBLE LIABILITIES

0020

(Eligible) Own funds

0030

Common Equity Tier 1 capital

0040

(Eligible) Additional Tier 1 capital

0050

(Eligible) Tier 2 capital

0060

Eligible liabilities

0070

Eligible liabilities items before adjustments

0080

of which: eligible liabilities considered as structurally subordinated

0090

Eligible liabilities subordinated to excluded liabilities

0100

Eligible liabilities instruments issued directly by the resolution entity (not grandfathered)

0110

Eligible liabilities instruments issued by other entities within the resolution group (not grandfathered)

0120

Eligible liabilities instruments issued prior to 27 June 2019

0130

Tier 2 instruments with a residual maturity of at least one year to the extent they do not qualify as Tier 2 items

0132

(-) Own eligible liabilities instruments subordinated to excluded liabilities

0135

(-) of which: unused prior permission amounts

0140

Eligible liabilities not subordinated to excluded liabilities

0150

Eligible liabilities that are not subordinated to excluded liabilities (not grandfathered, pre-cap)

0160

Eligible liabilities that are not subordinated to excluded liabilities issued prior to 27 June 2019 (pre-cap)

0162

(-) Own eligible liabilities instruments not subordinated to excluded liabilities

0165

(-) of which: unused prior permission amounts

0170

Amounts eligible after application of the cap of Article 72b(3) of Regulation (EU) No 575/2013 (not grandfathered)

0180

Amounts eligible after application of the cap of Article 72b (3) of Regulation (EU) No 575/2013, consisting of items issued prior to 27 June 2019

0190

(-) Deductions

0200

(-) Exposures between multiple point of entry (MPE) resolution groups

0211

(-) Investments in other eligible liabilities instruments

0220

Excess of deductions from eligible liabilities over eligible liabilities (deducted from Tier 2)

MEMORANDUM ITEMS

0400

CET1 (%) available after meeting the entity’s requirements

0410

Combined buffer requirement (%)

0420

of which: capital conservation buffer requirement

0430

of which: countercyclical buffer requirement

0440

of which: systemic risk buffer requirement

0450

of which: Global Systemically Important Institution (G-SII) or Other Systemically Important Institution (O-SII) buffer

0460

Investments in subordinated eligible liabilities of other institutions

0470

Investments in subordinated eligible liabilities of G-SIIs

0480

Investments in subordinated eligible liabilities of O-SIIs

0490

Investments in subordinated eligible liabilities of other institutions

0500

Excluded liabilities

0600

Ad hoc permissions for eligible liabilities items: Predetermined amount

0610

General prior permissions for eligible liabilities items: Predetermined amount

M 03.00 – Internal MREL and internal TLAC (ILAC)

Internal MREL

Internal TLAC

0010

0020

0010

Level of application

Total risk exposure amount and total exposure measure

0100

Total risk exposure amount (TREA)

0110

Total exposure measure (TEM)

Eligible own funds and eligible liabilities

0200

Eligible own funds and eligible liabilties

0210

Eligible Own funds

0220

Common Equity Tier 1 capital (CET1)

0230

Eligible Additional Tier 1 capital

0240

Eligible Tier 2 capital

0250

Eligible liabilities and guarantees

0260

Eligible liabilities (excluding guarantees)

0265

(-) Own eligible liabilities instruments: Unused prior permission amounts

0270

Guarantees provided by the resolution entity and permitted by the resolution authority

0280

Memorandum item: Collateralised part of the guarantee

0290

(-) Own funds instruments and eligible liabilities instruments issued by non-resolution entities of the same resolution group

0293

(-) of which: Own funds instruments issued by liquidation entities

0295

Excess of deductions from eligible liabilities over eligible liabilities

Ratios of eligible own funds and eligible liabilities

0400

Own funds and eligible liabilities as a percentage of the TREA

0410

of which: permitted guarantees

0420

Own funds and eligible liabilities as a percentage of the TEM

0430

of which: permitted guarantees

0440

CET1 (%) available after meeting the entity’s requirements

Memorandum items

0500

Combined buffer requirement (%)

0510

of which: capital conservation buffer requirement

0520

of which: countercyclical buffer requirement

0530

of which: systemic risk buffer requirement

0540

of which: Global Systemically Important Institution (G-SII) or Other Systemically Important Institution (O-SII) buffer

0550

Other bail-inable liabilities

0560

of which: governed by third country law

0570

of which: containing a write down and conversion clause as referred to in Article 55 of Directive 2014/59/EU

0580

Residual maturity of < 1 year

0590

Residual maturity of >= 1 year and < 2 years

0600

Residual maturity of >= 2 years

0610

Excluded liabilities

0620

Own funds instruments issued by liquidation entities of the same resolution group

0630

Ratio of holdings of own funds instruments issued by liquidation entities over eligible own funds and eligible liabilities

M 04.00 – Funding structure of eligible liabilities (LIAB MREL)

Amount eligible for MREL / internal MREL

0010

0100

ELIGIBLE LIABILITIES

0200

Deposits, not covered and not preferential >= 1 year

0210

of which: residual maturity >= 1 year and < 2 years

0220

of which: residual maturity >= 2 years

0230

of which: issued by subsidiaries

0300

Uncollateralized secured liabilities >= 1 year

0310

of which: residual maturity >= 1 year and < 2 years

0320

of which: residual maturity >= 2 years

0330

of which: issued by subsidiaries

0400

Structured notes >= 1 year

0410

of which: residual maturity >= 1 year and < 2 years

0420

of which: residual maturity >= 2 years

0430

of which: issued by subsidiaries

0500

Senior unsecured liabilities >= 1 year

0510

of which: residual maturity >= 1 year and < 2 years

0520

of which: residual maturity >= 2 years

0530

of which: issued by subsidiaries

0600

Senior non-preferred liabilities >= 1 year

0610

of which: residual maturity >= 1 year and < 2 years

0620

of which: residual maturity >= 2 years

0630

of which: issued by subsidiaries

0700

Subordinated liabilities (not recognised as own funds) >= 1 year

0710

of which: residual maturity >= 1 year and < 2 years

0720

of which: residual maturity >= 2 years

0730

of which: issued by subsidiaries

0800

Other MREL eligible liabilities >= 1 year

0810

of which: residual maturity >= 1 year and < 2 years

0820

of which: residual maturity >= 2 years

0830

of which: issued by subsidiaries

M 05.00 – Creditor ranking (entity that is not a resolution entity) (TLAC2)

Insol-vency rank

Type of creditor

Description of insolvency rank

Liabilities and own funds

Liabilities and own funds less excluded liabilities

of which: excluded liabilities

of which: own funds and eligible liabilities for the purpose of internal MREL

of which: with a residual maturity of

of which: perpetual securities

≥ 1 year

< 2 years

≥ 2 year

< 5 years

≥ 5 years

< 10 years

≥ 10 years

0010

0020

0030

0040

0050

0060

0070

0080

0090

0100

0110

0120

M 06.00 – Creditor ranking (resolution entities) (TLAC3)

Insolvency rank

Description of insolvency rank

Liabilities and own funds

Liabilities and own funds less excluded liabilities

of which: excluded liabilities

of which: own funds and eligible liabilities potentially eligible for meeting MREL

of which: with a residual maturity of

of which: perpetual securities

≥ 1 year

< 2 years

≥ 2 year

< 5 years

≥ 5 years

< 10 years

≥ 10 years

0010

0020

0030

0040

0050

0060

0070

0080

0090

0100

0110

M 07.00 – Instruments governed by third-country law (MTCI)

Issuing entity

Contract identifier

Governing law (third country)

Contractual recognition of write down and conversion powers

Regulatory treatment

Amount

Rank in normal insolvency proceedings

Maturity

(First) Call date

Regu-latory call (Y/N)

Name

Code

Type of code

Type of own funds or eligible liabilities

Instrument type

Governing law

Insolvency rank

0010

0020

0030

0040

0050

0060

0070

0080

0090

0100

0110

0120

0130

0140

ANNEX II

REPORTING ON THE MINIMUM REQUIREMENT FOR OWN FUNDS AND ELIGIBLE LIABILITIES – INSTRUCTIONS

PART I

GENERAL INSTRUCTIONS

Structure and conventions

1.1. Structure

This framework for reporting on MREL and TLAC consists of four groups of templates:

(a)

amounts: key metrics of MREL and TLAC;

(b)

composition and maturity;

(c)

creditor ranking;

(d)

contract-specific information.

For each template legal references are provided. Further detailed information regarding more general aspects of the reporting of each set of templates and instructions concerning specific positions are included in this Part.

1.2. Numbering convention

The document follows the labelling convention set out in points (a) to (d), when referring to the columns, rows and cells of the templates. Those numerical codes are extensively used in the validation rules defined in accordance with Annex III.

(a)

the following general notation is followed: {Template;Row;Column};

(b)

references inside a template do not include an indication of the template: {Row;Column};

(c)

in case of templates with only one column, only rows are referred to: {Template;Row};

(d)

an asterisk sign is used to express that the reference covers the rows or columns specified before.

1.3. Sign convention

Any amount that increases the own funds and eligible liabilities, the risk weighted exposure amounts, the leverage ratio exposure measure or the requirements shall be reported as a positive figure. On the contrary, any amount that reduces the own funds and eligible liabilities, the risk weighted exposure amounts, the leverage ratio exposure measure or the requirements shall be reported as a negative figure. Where there is a negative sign (-) preceding the label of an item no positive figure is expected to be reported for that item.

1.4. Abbreviations and definitions

The following abbreviations and definitions apply for the purposes of the Annexes to this Regulation:

(a)

‘MREL’ refers to the minimum requirement for own funds and eligible liabilities pursuant to Article 45 of Directive 2014/59/EU;

(b)

‘TLAC’ refers to the requirements for own funds and eligible liabilities for global systemically important institutions (G-SIIs) pursuant to Article 92a of Regulation (EU) No 575/2013;

(c)

‘Internal TLAC’ refers to the requirement for own funds and eligible liabilities for non-EU G-SIIs pursuant to Article 92b of Regulation (EU) No 575/2013;

(d)

‘Internal MREL’ refers to the MREL applied to entities that are not themselves resolution entities pursuant to Article 45f of Directive 2014/59/EU;

(e)

‘unused prior permission amount’ means the amount covered by a prior permission to call, redeem, repay or repurchase own funds instruments in accordance with Article 78 of Regulation (EU) No 575/2013, or eligible liabilities instruments in accordance with Article 78a of that Regulation, as applicable, to the extent that the reporting entity has not yet used up that amount to call, redeem, repay or repurchase instruments. Where the permission is an ad hoc permission and refers to callable instruments where no sufficient certainty is given that the call option will be executed, the unused prior permission amount shall exclude any such instruments;

(f)

‘unused ad hoc permission amount’ means the amount covered by an ad hoc prior permission to call, redeem, repay or repurchase specific own funds instruments in accordance with Article 78(1), first subparagraph, of Regulation (EU) No 575/2013 in conjunction with Article 28(5) of Commission Delegated Regulation (EU) No 241/2014 ( 1 ) or specific eligible liabilities instruments in accordance with Articles 78a of Regulation (EU) No 575/2013 in conjunction with Article 32b(2) of Delegated Regulation (EU) No 241/2014, as applicable, to the extent that the reporting entity has not yet used up that amount to call, redeem, repay or repurchase those instruments. Where the permission refers to callable instruments where no sufficient certainty is given that the call option will be executed, the unused prior permission amount shall exclude any such instruments;

(g)

‘unused general permission amount’ or ‘unused GPP amount’ means the amount covered by a prior permission to call, redeem, repay or repurchase own funds instruments in accordance with Article 78(1), second subparagraph, of Regulation (EU) No 575/2013 in conjunction with Article 28(3) of Delegated Regulation (EU) No 241/2014, or eligible liabilities instruments in accordance with Articles 78a of Regulation (EU) No 575/2013 in conjunction with Article 32b(3) and (5) of Delegated Regulation (EU) No 241/2014, as applicable, to the extent that the reporting entity has not yet used up that amount to call, redeem, repay or repurchase those instruments.

PART II

TEMPLATE-RELATED INSTRUCTIONS

Amounts: M 01.00 – Key metrics for MREL and TLAC (KM2)

1.1. General remarks

The column referring to the minimum requirement for own funds and eligible liabilities (MREL) shall be filled in by entities that are subject to the minimum requirement for own funds and eligible liabilities in accordance with Article 45e of Directive 2014/59/EU. Only those entities obliged to comply with the requirement set out in Articles 92a of Regulation (EU) No 575/2013 shall report items referring to the G-SII requirement for own funds and eligible liabilities (TLAC).

1.2. Instructions concerning specific positions

Columns

Legal references and instructions

0010

Minimum requirement for own funds and eligible liabilities (MREL)

Articles 45 and 45e of Directive 2014/59/EU

0020

Requirement for own funds and eligible liabilities for G-SIIs (TLAC)

Article 92a of Regulation (EU) No 575/2013

Row

Legal references and instructions

0100 – 0120

Total risk exposure amount and total exposure measure

0100

Total risk exposure amount (TREA)

Article 45(2), point (a), of Directive 2014/59/EU, Article 92(3) of Regulation (EU) No 575/2013.

The total risk exposure amount reported in this row shall be the total risk exposure amount which is the basis for compliance with the requirements set out in Article 45 of Directive 2014/59/EU or Article 92a of Regulation (EU) No 575/2013, as applicable.

0110

Total exposure measure (TEM)

Article 45(2), point (b), of Directive 2014/59/EU, Article 429(4) and Article 429a of Regulation (EU) No 575/2013.

The total exposure measure reported in this row shall be the total exposure measure which is the basis for compliance with the requirements set out in Article 45 of Directive 2014/59/EU or Article 92a of Regulation (EU) No 575/2013, as applicable.

0200 – 0230

Own funds and eligible liabilities

0200

Own funds and eligible liabilities

MREL

The amount of own funds and eligible liabilities counting towards MREL shall be reported as the sum of:

(i)

own funds as defined in Article 4(1), point (118), and Article 72 of Regulation (EU) No 575/2013;

(ii)

eligible liabilities as defined in Article 2(1), point (71a), of Directive 2014/59/EU.

In case of instruments governed by the law of a third country, the instrument shall only be included in this row if it meets the requirements set out in Article 55 of Directive 2014/59/EU.

TLAC

The amount of own funds and eligible liabilities counting towards the G-SII requirement for own funds and eligible liabilities (TLAC) shall be the amount referred to in Article 72l of Regulation (EU) No 575/2013, consisting of:

(i)

own funds as defined in Article 4(1), point (118), and Article 72 of Regulation (EU) No 575/2013;

(ii)

eligible liabilities in accordance with Article 72k of Regulation (EU) No 575/2013.

0210

Of which: own funds and subordinated liabilities

The amount of own funds and subordinated eligible liabilities counting towards MREL shall be reported as the sum of:

(i)

own funds as defined in Article 4(1), point (118), and Article72 of Regulation (EU) No 575/2013;

(ii)

eligible liabilities included in the amount of own funds and eligible liabilities in accordance with Article 45b of Directive 2014/59/EU which are subordinated eligible instruments as defined in Article 2(1), point (71b), of that Directive;

(iii)

liabilities included in the amount of own funds and eligible liabilities in accordance with Article 45b(3) of Directive 2014/59/EU.

In case of instruments governed by the law of a third country, the instrument shall only be included in this row if it meets the requirements of Article 55 set out in Directive 2014/59/EU.

With regard to subordinated eligible liabilities, the amounts reported shall be the amounts net of

(i)

where applicable, holdings of own subordinated eligible liabilities instruments, as referred to in Article 72e(1), point (a) of Regulation (EU) No 575/2013; and

(ii)

unused prior permission amounts, to the extent that the prior permission covers subordinated liabilities instruments in general or a specific subordinated liabilities instrument.

0220

Of which: governed by third-country law

The amount of own funds and eligible liabilities that are governed by the law of a third country as referred to in Article 55 of Directive 2014/59/EU.

The amounts reported shall be the amounts net of:

(i)

holdings of own eligible liabilities instruments, as referred to in Article 72e(1), point (a), of Regulation (EU) No 575/2013, where applicable, and holdings of own funds instruments, as referred to in Article 36(1), point (f), Article 56, point (a), and Article 66, point (a), of Regulation (EU) No 575/2013, governed by the law of a third country; and

(ii)

unused ad hoc permission amounts, to the extent that the prior permission covers an own funds instrument or specific eligible liabilities instrument that is governed by the law of a third country.

0230

Of which: containing a write down and conversion clause as referred to in Article 55 of Directive 2014/59/EU

The amount of own funds and eligible liabilities that are governed by the law of a third country and that contain a write down and conversion clause as referred to in Article 55 of Directive 2014/59/EU.

The amounts reported shall be the amounts net of

(i)

holdings of own eligible liabilities instruments, as referred to in Article 72e(1), point (a) of Regulation (EU) No 575/2013, where applicable, and holdings of own funds instruments, as referred to in Article 36(1), point (f), Article 56, point (a), and Article 66, point (a), of Regulation (EU) No 575/2013, governed by the law of a third country and containing a write down and conversion clause as referred to in Article 55 of Directive 2014/59/EU; and

(ii)

unused ad hoc permission amounts, to the extent that the permission covers an own funds instrument or a specific eligible liabilities instrument that is governed by the law of a third country and contains a write down and conversion clause as referred to in Article 55 of Directive 2014/59/EU.

0250 – 0290

Other bail-inable liabilities

Entities that, at the date of the reporting of that information, hold amounts of own funds and eligible liabilities of at least 150 % of the requirement laid down in Article 45(1) of Directive 2014/59/EU shall be exempted from reporting the information in rows 0250 to 0290. Such entities may opt to report that information in this template on a voluntary basis.

Unused prior permission amounts, to the extent that the permission covers an eligible liabilities instrument, shall be considered other bail-inable liabilities for the purposes of these rows.

0250

Other bail-inable liabilities

The amount of bail-inable liabilities, as defined in Article 2(1), point (71), of Directive 2014/59/EU, that are not included in own funds and eligible liabilities in accordance with Article 45b of that Directive.

0260

Of which: governed by third-country law

The amount of other bail-inable liabilities that are governed by the law of a third country as referred to in Article 55 of Directive 2014/59/EU.

0270

Of which: containing a write down and conversion clause as referred to in Article 55 of Directive 2014/59/EU

The amount of other bail-inable liabilities that are governed by the law of a third country and that contain a write down and conversion clause as referred to in Article 55 of Directive 2014/59/EU.

0280 – 0290

Breakdown of other bail-inable liabilities by residual maturity

0280

Residual maturity of < 1 year

0285

Residual maturity of >= 1 year and < 2 years

0290

Residual maturity of >= 2 years

0300 – 0360

Ratios and subordination exemptions

0300

Own funds and eligible liabilities as a percentage of the TREA

For the purposes of this row, the amount of own funds and eligible liabilities that is reported in row 0200 shall be expressed as a percentage of the total risk exposure amount calculated in accordance with Article 92(3) of Regulation (EU) No 575/2013.

0310

Of which: own funds and subordinated liabilities

For the purposes of this row, the amount of own funds and subordinated eligible liabilities that is reported in row 0210 shall be expressed as a percentage of the total risk exposure amount calculated in accordance with Article 92(3) of Regulation (EU) No 575/2013.

0320

Own funds and eligible liabilities as a percentage of the TEM

For the purposes of this row, the amount of own funds and eligible liabilities that is reported in row 0200 shall be expressed as a percentage of the total exposure measure calculated in accordance with Article 429(4) and Article 429a of Regulation (EU) No 575/2013.

0330

Of which: own funds and subordinated liabilities

For the purposes of this row, the amount of own funds and subordinated eligible liabilities that is reported in row 0210 shall be expressed as a percentage of the total exposure measure calculated in accordance with Article 429(4) and Article 429a of Regulation (EU) No 575/2013.

0340

Does the subordination exemption laid down in Article 72b(4) of Regulation (EU) No 575/2013 apply? (5 % exemption)

This row shall only be reported by entities subject to the G-SII requirement for own funds and eligible liabilities (TLAC requirement).

Where the resolution authority permits liabilities to qualify as eligible liabilities instruments in accordance with Article 72b(4) of Regulation (EU) No 575/2013, the reporting entity shall indicate ‘yes’ in column 0020.

Where the resolution authority does not permit liabilities to qualify as eligible liabilities instruments in accordance with Article 72b(4) of Regulation (EU) No 575/2013, the reporting entity shall indicate ‘no’ in column 0020.

As exemptions laid down in Article 72b(3) and (4) of Regulation (EU) No 575/2013 are mutually exclusive, this row shall not be populated if the reporting entity has populated {r0350}.

0350

Aggregate amount of non-subordinated liabilities that the resolution authority has permitted to qualify as eligible liabilities instruments for the purpose of the G-SII requirement for own funds and eligible liabilities (TLAC) in accordance with Article 72b(3) of Regulation (EU) No 575/2013 or which qualify pursuant to Article 494(3) of that Regulation.

As the exemptions laid down in Article 72b(3) and (4) of Regulation (EU) No 575/2013 are mutually exclusive, this row shall not be populated if the reporting entity indicates ‘yes’ in {r0340,c0020}.

0360

Share of the total non-subordinated liabilities that is included in own funds and eligible liabilities

This row shall only be reported by entities subject to the G-SII requirement for own funds and eligible liabilities (TLAC requirement).

If a capped subordination exemption laid down in Article 72b(3) of Regulation (EU) No 575/2013 applies, entities shall report:

(i)

the amount of liabilities issued that ranks pari passu with excluded liabilities as referred to in Article 72a(2) of Regulation (EU) No 575/2013 and is included in the amount reported in row 0200 (after application of the cap);

(ii)

divided by the amount of liabilities issued that ranks pari passu with excluded liabilities as referred to Article 72a(2) of Regulation (EU) No 575/2013 and that would be recognised under row 0200 if no cap was applied.

Composition and maturity

2.1. M 02.00 – MREL and TLAC capacity and composition (resolution groups and entities) (TLAC1)

2.1.1. General remarks

Template M 02.00 – MREL and TLAC capacity and composition (resolution groups and entities) (TLAC1) provides further details on the composition of the own funds and eligible liabilities.

The column referring to the minimum requirement for own funds and eligible liabilities (MREL) shall be filled in by entities that are subject to the minimum requirement for own funds and eligible liabilities in accordance with Article 45e of Directive 2014/59/EU. Only those entities obliged to comply with the requirement laid down in Article 92a of Regulation (EU) No 575/2013 shall report items referring to the G-SII requirement for own funds and eligible liabilities (TLAC).

2.1.2. Instructions concerning specific positions

Column

Legal references and instructions

0010

Minimum requirement for own funds and eligible liabilities (MREL)

Articles 45 and 45e of Directive 2014/59/EU.

0020

Requirements for own funds and eligible liabilities for G-SIIs (TLAC)

Article 92a of Regulation (EU) No 575/2013.

0030

Memo item: Amounts eligible for the purposes of MREL, but not of TLAC

This column shall only be filled in by entities subject to the requirement for own funds and eligible liabilities for G-SIIs (TLAC).

This column shall reflect the difference between amounts of own funds and liabilities eligible to fulfil the requirement laid down in Article 45 of Directive 2014/59/EU in accordance with Article 45e of that Directive and the amount of own funds and liabilities eligible to fulfil the requirement laid down in Article 92a of Regulation (EU) No 575/2013.

Row

Legal references and instructions

0010

OWN FUNDS AND ELIGIBLE LIABILITIES

Own funds and eligible liabilities for the purposes of Article 45e of Directive 2014/59/EU and Article 92a of Regulation (EU) No 575/2013

MREL

The amount of own funds and eligible liabilities counting towards MREL shall be reported as the sum of:

(i)

own funds as defined in Article 4(1), point (118), and Article 72 of Regulation (EU) No 575/2013;

(ii)

eligible liabilities as defined in Article 2(1), point (71a), of Directive 2014/59/EU.

In case of instruments governed by the law of a third country, the instrument shall only be included in this row if it meets the requirements laid down in Article 55 of Directive 2014/59/EU.

TLAC

The amount of own funds and eligible liabilities counting towards the requirement for own funds and eligible liabilities for G-SIIs (TLAC) shall be the amount referred to in Article 72l of Regulation (EU) No 575/2013, consisting of:

(i)

own funds as defined in Article 4(1), point (118), and Article72 of Regulation (EU) No 575/2013;

(ii)

eligible liabilities in accordance with Article 72k of Regulation (EU) No 575/2013.

0020

(Eligible) own funds

Article 4(1), point (118), and Article 72 of Regulation (EU) No 575/2013

In case of MREL, instruments governed by the law of a third country shall only be included in this row and in the rows 0040 and 0050 if they meet the requirements laid down in Article 55 of Directive 2014/59/EU.

0030

Common Equity Tier 1 capital

Article 50 of Regulation (EU) No 575/2013.

0040

(Eligible) Additional Tier 1 capital

Article 61 of Regulation (EU) No 575/2013.

0050

(Eligible) Tier 2 capital

Article 71 of Regulation (EU) No 575/2013.

0060

Eligible liabilities

MREL

TLAC

Eligible liabilities in accordance with Article 72k of Regulation (EU) No 575/2013.

0070

Eligible liabilities items before adjustments

MREL

Eligible liabilities as defined in Article 2(1), point (71a), of Directive 2014/59/EU; in case of instruments governed by the law of a third country, the instrument shall only be included in this row if it meets the requirements laid down in Article 55 of that Directive. The amounts reported shall be amounts net of unused prior permission amounts, to the extent that the permission covers eligible liabilities instruments.

TLAC

Eligible liabilities which comply with all the requirements laid down in Articles 72a to 72d of Regulation (EU) No 575/2013 shall be reported. The amounts reported shall be amounts net of holding of own eligible liabilities instruments, and net of unused prior permission amounts to the extent that the permission covers eligible liabilities instruments.

0080

Of which: eligible liabilities considered as structurally subordinated

MREL

Liabilities that comply with the conditions laid down in Article 45b of Directive 2014/59/EU because they are issued by a resolution entity that is a holding company and because there are no excluded liabilities as referred to in Article 72a(2) of Regulation (EU) No 575/2013 that rank pari passu or junior to eligible liabilities instruments.

In case of instruments governed by the law of a third country, the instrument shall only be included in this row if it meets the requirements laid down in Article 55 of Directive 2014/59/EU.

This row shall also include eligible liabilities that qualify as a result of the grandfathering in accordance with Article 494b(3) of Regulation (EU) No 575/2013.

The amounts reported shall be the amounts net of unused prior permission amounts, to the extent that the prior permission covers eligible liabilities instruments that meet the criteria specified in the first, second and third subparagraphs of this paragraph.

TLAC

Liabilities that:

(a)

comply with the requirements laid down in Articles 72a to 72d of Regulation (EU) No 575/2013, and in particular the requirement laid down in Article 72b(2), point (d)(iii), of that Regulation, but not the requirements laid down in points (d)(i) or (d)(ii) of that paragraph; or

(b)

comply with the requirements laid down in Articles 72a to 72d of Regulation (EU) No 575/2013, except for Article 72b(2), point (d), of that Regulation, and that are permitted to qualify as eligible liabilities instruments by resolution authorities in accordance with Article 72b(4) of that Regulation.

This row shall also include eligible liabilities that qualify as a result of the grandfathering in accordance with Article 494b(3) of Regulation (EU) No 575/2013.

0090

Eligible liabilities subordinated to excluded liabilities

MREL

Eligible liabilities included in the amount of own funds and eligible liabilities in accordance with Article 45b of Directive 2014/59/EU that are subordinated eligible instruments as defined in Article 2(1), point (71b), of that Directive and liabilities included in the amount of own funds and eligible liabilities in accordance with Article 45b(3) of that Directive. In case of instruments governed by the law of a third country, the instrument shall only be included in this row if it meets the requirements laid down in Article 55 of that Directive. The amounts reported shall be amounts net of unused prior permission amounts, to the extent that the permission covers eligible liabilities instruments subordinated to excluded liabilities.

TLAC

Eligible liabilities which comply with all the requirements laid down in Articles 72a to 72d of Regulation (EU) No 575/2013, at the exclusion of liabilities permitted to qualify as eligible liability instruments in accordance with Article 72b(3) or (4) of that Regulation. The amounts reported shall be amounts net of holdings of own eligible liabilities instruments and net of unused prior permission amounts, to the extent that the prior permission covers eligible liabilities instruments subordinated to excluded liabilities.

0100

Eligible liabilities instruments issued directly by the resolution entity (not grandfathered)

MREL

Eligible liabilities included in the amount of own funds and eligible liabilities in accordance with Article 45b of Directive 2014/59/EU that are subordinated eligible instruments as defined in Article 2(1), point (71b), of that Directive and that are issued directly by the resolution entity. In case of instruments governed by the law of a third country, the instrument shall only be included in this row if it meets the requirements laid down in Article 55 of that Directive. The amounts reported shall be the amounts before deducting unused prior permission amounts, to the extent that the permission covers eligible liabilities instruments issued directly by the resolution entity that are not grandfathered.

TLAC

Eligible liabilities which comply with all the requirements laid down in Articles 72a to 72d of Regulation (EU) No 575/2013, at the exclusion of liabilities permitted to qualify as eligible liability instruments in accordance with Article 72b(3) or (4) of that Regulation, and which are issued directly by the resolution entity. The amounts reported shall be the amounts before deducting unused prior permission amounts, to the extent that the permission covers eligible liabilities instruments issued directly by the resolution entity that are not grandfathered.

This row shall neither include the amortised portion of Tier 2 instruments where the remaining maturity is greater than 1 year (Article 72a(1), point (b), of Regulation (EU) No 575/2013) nor eligible liabilities grandfathered under Article 494b of that Regulation.

0110

Eligible liabilities instruments issued by other entities within the resolution group (not grandfathered)

MREL

Eligible liabilities included in the amount of own funds and eligible liabilities in accordance with Article 45b of Directive 2014/59/EU that are issued by subsidiaries and included in MREL in compliance with Article 45b(3) of that Directive. In case of instruments governed by the law of a third country, the instrument shall only be included in this row if it meets the requirements laid down in Article 55 of that Directive. The amounts reported shall be the amounts before deducting unused prior permission amounts, to the extent that the permission covers eligible liabilities instruments issued by other entities within the resolution group that are not grandfathered.

TLAC

Eligible liabilities which comply with all the requirements laid down in Articles 72a to 72d of Regulation (EU) No 575/2013, at the exclusion of liabilities permitted to qualify as eligible liability instruments pursuant to Article 72b(3) or (4) of that Regulation, that are issued by subsidiaries and qualify for inclusion in the consolidated eligible liabilities instruments of an entity in accordance with Article 88a of that Regulation. The amounts reported shall be the amounts before deducting unused prior permission amounts, to the extent that the permission covers eligible liabilities instruments issued by other entities within the resolution group that are not grandfathered.

0120

Eligible liabilities items issued prior to 27 June 2019

MREL

Eligible liabilities that meet the following conditions:

(a)

they were issued prior to 27 June 2019;

(b)

they are subordinated eligible instruments as defined in Article 2(1), point (71b), of Directive 2014/59/EU;

(c)

they are included in own funds and eligible liabilities in accordance with Article 494b(3) of Regulation (EU) No 575/2013;

(d)

in case of instruments governed by the law of a third country, they meet the requirements laid down in Article 55 of Directive 2014/59/EU.

The amounts reported shall be the amounts before deducting unused prior permission amounts, to the extent that the permission covers eligible liabilities instruments issued prior to 27 June 2019.

TLAC

Eligible liabilities that meet the following conditions:

(a)

they were issued prior to 27 June 2019;

(b)

they comply with Article 72b(2), point (d), of Regulation (EU) No 575/2013;

(c)

they qualify as eligible liabilities as a result of the grandfathering in accordance with Article 494b(3) of Regulation (EU) No 575/2013.

The amounts reported shall be the amounts before deducting unused prior permission amounts, to the extent that the permission covers eligible liabilities instruments issued prior to 27 June 2019.

0130

Tier 2 instruments with a residual maturity of at least 1 year to the extent they do not qualify as Tier 2 items

Article 72a(1), point (b), of Regulation (EU) No 575/2013

This row shall include the amortised portion of Tier 2 instruments, where the remaining maturity is greater than 1 year. Only the amount not recognised in own funds but meeting all eligibility criteria laid down in Article 72b of Regulation (EU) No 575/2013 shall be reported in this row.

In case of MREL, instruments governed by the law of a third country shall only be included in this row if they meet the requirements laid down in Article 55 of Directive 2014/59/EU.

0132

(-) Own eligible liabilities instruments subordinated to excluded liabilities

MREL

Article 78a of Regulation (EU) No 575/2013, Article 32b(2), (3) and (5) of Delegated Regulation (EU) No 241/2014

This row shall include unused prior permission amounts, to the extent that the permission covers eligible liabilities instruments subordinated to excluded liabilities. The amount in this row shall be equal to the amount in row 0135 for MREL.

TLAC

Article 72e(1), point (a), and Article 78a of Regulation (EU) No 575/2013, Article 32b(2), (3) and (5) of Delegated Regulation (EU) No 241/2014

This row shall include:

(i)

holdings of own subordinated eligible liabilities instruments that are to be deducted in accordance with Article 72e(1), point (a), of Regulation (EU) No 575/2013; and

(ii)

unused prior permission amounts, to the extent that the permission covers eligible liabilities instruments subordinated to excluded liabilities.

0135

(-) of which: unused prior permission amounts

MREL and TLAC

The following amounts shall be reported in this row:

(i)

unused ad hoc permission amounts, to the extent that the permission covers eligible liabilities instruments subordinated to excluded liabilities;

(ii)

unused GPP amounts, to the extent that the permission covers eligible liabilities instruments subordinated to excluded liabilities.

Where a general prior permission as referred to in point (ii) does not specify the ranking of the instruments that may be called, redeemed, repaid or repurchased, the full unused GPP amount shall be reported in this row.

0140

Eligible liabilities not subordinated to excluded liabilities

MREL

Liabilities that comply with the conditions laid down in Article 45b of Directive 2014/59/EU and that are not wholly subordinated to claims arising from excluded liabilities referred to in Article 72a(2) of Regulation (EU) No 575/2013. In case of instruments governed by the law of a third country, the instrument shall only be included in this row if it meets the requirements laid down in Article 55 of Directive 2014/59/EU. The amounts reported shall be amounts net of unused prior permission amounts, to the extent that the permission covers eligible liabilities that are not subordinated to excluded liabilities.

TLAC

Eligible liabilities which comply with the requirements laid down in Articles 72a to 72d of Regulation (EU) No 575/2013, except for Article 72b(2), point (d), of that Regulation, and are recognised as eligible liabilities in accordance with Article 72b(3) or (4) of that Regulation. Where Article 72b(3) of Regulation (EU) No 575/2013 applies, the amount reported shall be the amount after the application of the cap laid down in that Article. The amounts reported shall be amounts net of holdings of own eligible liabilities instruments and net of unused prior permission amounts, to the extent that the permission covers eligible liabilities instruments not subordinated to excluded liabilities.

0150

Eligible liabilities that are not subordinated to excluded liabilities (not grandfathered pre-cap)

MREL

Liabilities that comply with the conditions laid down in Article 45b (1), (2) and (3) of Directive 2014/59/EU and that are not wholly subordinated to claims arising from excluded liabilities referred to in Article 72a(2) of Regulation (EU) No 575/2013. In case of instruments governed by the law of a third country, the instrument shall only be included in this row if it meets the requirements set out in Article 55 of Directive 2014/59/EU. The amounts reported shall be the amounts before deducting unused prior permission amounts, to the extent that the permission covers eligible liabilities instruments that are not subordinated to excluded liabilities and are not grandfathered.

TLAC

Eligible liabilities which comply with the requirements laid down in Articles 72a to 72d of Regulation (EU) No 575/2013, except for Article 72b(2), point (d), of that Regulation, and which could be permitted to qualify as eligible liabilities instruments in accordance with Article 72b(3) of that Regulation or are permitted to qualify as eligible liabilities instruments in accordance with Article 72b(4) of that Regulation. The amounts reported shall be the amounts before deducting unused prior permission amounts, to the extent that the permission covers eligible liabilities instruments that are not subordinated to excluded liabilities and are not grandfathered.

Where Article 72b(3) or Article 494(2) of Regulation (EU) No 575/2013 applies, the full amount without the application of the 3,5 % and 2,5 % cap respectively shall be reported in this row.

This row shall not include any amount recognisable on a transitional basis in accordance with Article 494b(3) of Regulation (EU) No 575/2013.

0160

Eligible liabilities that are not subordinated to excluded liabilities issued prior to 27 June 2019 (pre-cap)

MREL

Eligible liabilities that meet the following conditions:

(a)

they were issued prior to 27 June 2019;

(b)

they comply with the conditions laid down in Article 45b (1), (2) and (3) of Directive 2014/59/EU and are not wholly subordinated to claims arising from excluded liabilities referred to in Article 72a(2) of Regulation (EU) No 575/2013;

(c)

they qualify as eligible liabilities as a result of the grandfathering in accordance with Article 494b(3) of Regulation (EU) No 575/2013.

In case of instruments governed by the law of a third country, the instrument shall only be included in this row if it meets the requirements set out in Article 55 of Directive 2014/59/EU.

TLAC

Eligible liabilities which meet the following conditions:

(a)

they were issued prior to 27 June 2019;

(b)

they comply with the requirements laid down in Articles 72a to 72d of Regulation (EU) No 575/2013, except for Article 72b(2), point (d), of that Regulation, and could be permitted to qualify as eligible liabilities instruments in accordance with Article 72b(3) of that Regulation or are permitted to qualify as eligible liabilities instruments in accordance with Article 72b(4) of that Regulation;

(c)

they qualify as eligible liabilities as a result of the grandfathering in accordance with Article 494b(3) of Regulation (EU) No 575/2013.

The amounts reported shall be the amounts before deducting unused prior permission amounts, to the extent that the permission covers eligible liabilities instruments that are not subordinated to excluded liabilities and were issued prior to 27 June 2019.Where Article 72b(3) or Article 494(2) of Regulation (EU) No 575/2013 applies, the full amount without application of the 3,5 % and 2,5 % cap respectively shall be reported in this row.

0162

(-) Own eligible liabilities instruments not subordinated to excluded liabilities

MREL

Article 78a of Regulation (EU) No 575/2013, Article 32b(2), (3) and (5) of Delegated Regulation (EU) No 241/2014

This row shall include unused prior permission amounts, to the extent that the permission covers eligible liabilities instruments that are not subordinated to excluded liabilities. The amount in this row shall be equal to the amount in row 0165 for MREL.

TLAC

Article 72e(1), point (a), and Article 78a of Regulation (EU) No 575/2013, Article 32b(2), (3) and (5) of Delegated Regulation (EU) No 241/2014

This row shall include:

(i)

holdings of own non-subordinated eligible liabilities instruments that are to be deducted in accordance with Article 72e(1), point (a), of Regulation (EU) No 575/2013; and

(ii)

unused prior permission amounts, to the extent that the permission covers eligible liabilities instruments that are not subordinated to excluded liabilities.

0165

(-) of which: unused prior permission amounts

MREL and TLAC

The following amounts shall be reported in this row:

(i)

unused ad hoc permission amounts, to the extent that the permission covers an eligible liabilities instrument that is not subordinated to excluded liabilities;

(ii)

unused GPP amounts, to the extent that the permission covers eligible liabilities instruments that are not subordinated to excluded liabilities.

0170

Amounts eligible after application of the cap of Article 72b(3) of Regulation (EU) No 575/2013 (not grandfathered)

TLAC

Eligible liabilities that comply with the requirements laid down in Articles 72a to 72d of Regulation (EU) No 575/2013, except for point (d) of Article 72b(2), point (d), of that Regulation, after applying Article 72b(3) to (5) of that Regulation, at the exclusion of liabilities recognised pursuant to the grandfathering set out in Article 494b(3) of that Regulation.

Where Article 72b(3) of Regulation (EU) No 575/2013 applies and until 31 December 2021, the amount reported in this row shall be the amount after application of Article 494(2) of that Regulation (2,5 % cap).

0180

Amounts eligible after application of the cap of Article 72b(3) of Regulation (EU) No 575/2013 consisting of items issued prior to 27 June 2019

TLAC

Eligible liabilities that meet the following conditions:

(a)

they were issued prior to 27 June 2019;

(b)

they comply with the requirements laid down in Articles 72a to 72d of Regulation (EU) No 575/2013, except for Article 72b(2), point (d), of that Regulation, after applying Article 72b(3) to (5) of that Regulation;

(c)

they qualify as eligible liabilities as a result of the grandfathering in accordance with Article 494b(3) of Regulation (EU) No 575/2013.

0190

(-) Deductions

0200

(-) Exposures between multiple point of entry (MPE) resolution groups

TLAC

This row shall reflect the deductions of exposures between MPE G-SII resolution groups, that correspond to direct, indirect or synthetic holdings of own funds instruments or eligible liabilities instruments of one or more subsidiaries which do not belong to the same resolution group as the resolution entity, in accordance with Article 72e(4) of Regulation (EU) No 575/2013.

0211

(-) Investments in other eligible liabilities instruments

TLAC

Entities shall report the deduction of investments in other eligible liabilities instruments, as referred to in Article 72e(1), points (b), (c) and (d), Article 72e(2) and (3) and Articles 72g to 72j of Regulation (EU) No 575/2013, whereby the amount to be deducted from eligible liabilities items is determined in accordance with Part Two, Title I, Chapter 5a, Section 2, of that Regulation.

0220

Excess of deductions from eligible liabilities over eligible liabilities

Eligible liabilities cannot be negative, but it is possible that the amount of deductions from eligible liabilities items is greater than the amount of eligible liabilities items. When this happens, the eligible liabilities have to be equal to zero, and the excess of the deductions is to be deducted from Tier 2 in accordance with Article 66, point (e), of Regulation (EU) No 575/2013.

With this item, it is achieved that the eligible liabilities as reported in row 0060 are never lower than zero.

0400 – 0500

Memorandum items

0400

CET1 (%) available after meeting the entity’s requirements

The amount of CET1, equal to zero or positive, available after meeting each of the requirements referred to in Article 141a(1), points (a), (b) and (c), of Directive 2013/36/EU ( 2 ) and the higher of:

(a)

where applicable, the G-SII requirement for own funds and eligible liabilities laid down in Article 92a of Regulation (EU) No 575/2013 (TLAC requirement), when calculated in accordance with paragraph (1), point (a), of that Article;

(b)

the minimum requirement for own funds and eligible liabilities pursuant to Article 45 of Directive 2014/59/EU, when calculated in accordance with Article 45(2), point (a), of that Directive.

The CET1 available shall be expressed in percent of the total risk exposure amount as reported in row 0100 of template M 01.00.

The reported figure shall be identical in both MREL and TLAC columns.

It shall take into account the effect of transitional provisions on the own funds and eligible liabilities, the total risk exposure amount and the requirements themselves. Neither the guidance on additional own funds as referred to in Article 104b of Directive 2013/36/EU nor the combined buffer requirement set out in Article 128, first subparagraph, point (6), of that Directive shall be considered.

0410

Combined buffer requirement (%)

Article 128, first subparagraph, point (6), of Directive 2013/36/EU

The combined buffer requirement shall be expressed as a percentage of the total risk exposure amount.

0420

of which: capital conservation buffer requirement

The amount of the institution specific combined buffer (expressed as a percentage of the total risk exposure amount) that relates to the capital conservation buffer requirement.

0430

of which: countercyclical buffer requirement

The amount of the institution specific combined buffer (expressed as a percentage of the total risk exposure amount) that relates to the countercyclical buffer requirement.

0440

of which: systemic risk buffer requirement

The amount of the institution specific combined buffer (expressed as a percentage of the total risk exposure amount) that relates to the systemic risk buffer requirement.

0450

of which: Global Systemically Important Institution (G-SII) or Other Systemically Important Institution (O-SII) buffer

The amount of the institution specific combined buffer (expressed as a percentage of the total risk exposure amount) that relates to the G-SII or O-SII buffer requirement.

0460

Investments in subordinated eligible liabilities of other institutions

The positions reported in this row and rows 0470 to 0490 shall be determined considering the principles laid out in Article 72h of Regulation (EU) No 575/2013 (net long positions, look through approach).

0470

Investments in subordinated eligible liabilities of G-SIIs

Amount of holdings of eligible liabilities instruments, as referred to in Article 72b(2) of Regulation (EU) No 575/2013, at the exclusion of instruments pursuant to Article 72b(3) to (5) of that Regulation, that are issued by G-SIIs.

0480

Investments in subordinated eligible liabilities of O-SIIs

Amount of holdings of eligible liabilities instruments as referred to in Article 72b(2) of Regulation (EU) No 575/2013 that are issued by O-SIIs.

Investments in subordinated eligible liabilities of O-SIIs that are at the same time G-SIIs shall not be reported in this row, but exclusively in row 0470.

0490

Investments in subordinated eligible liabilities of other institutions

Amount of holdings of eligible liabilities instruments as referred to in Article 72b(2) of Regulation (EU) No 575/2013 that are issued by institutions that are neither G-SIIs nor O-SIIs.

0500

Excluded liabilities

Article 72a(2) of Regulation (EU) No 575/2013

0600

Ad hoc permissions for eligible liabilities items: Predetermined amount

Amounts covered by a prior, ad hoc permission to call, redeem, repay or repurchase specific eligible liabilities instruments in accordance with Article 78a(1), first subparagraph, of Regulation (EU) No 575/2013 in conjunction with Article 32b(2) of Delegated Regulation (EU) No 241/2014 shall be reported in this row. It shall include both the used and the unused amounts.

0610

General prior permissions for eligible liabilities items: Predetermined amount

Amounts covered by a general prior permission to call, redeem, repay or repurchase eligible liabilities instruments in accordance with Article 78a(1), second subparagraph, of Regulation (EU) No 575/2013 in conjunction with Article 32b(3) and (5) of Delegated Regulation (EU) No 241/2014 shall be reported in this row. It shall include both the used and the unused amounts.

2.2. M 03.00 – Internal MREL and Internal TLAC (ILAC)

2.2.1. General remarks

Template M 03.00 presents the own funds and eligible liabilities for the purposes of:

(a)

the requirement for own funds and eligible liabilities of entities that are not themselves resolution entities pursuant to Article 45f of Directive 2014/59/EU (internal MREL); and

(b)

the requirement for own funds and eligible liabilities for non-EU G-SIIs applicable to material subsidiaries of third country G-SIIs pursuant to Article 92b of Regulation (EU) No 575/2013 (internal TLAC).

The column referring to internal MREL shall be filled in by entities that are subject to the minimum requirement for own funds and eligible liabilities in accordance with Articles 45 and 45f of Directive 2014/59/EU. Only those entities obliged to comply with the requirement set out in Article 92b of Regulation (EU) No 575/2013 shall report items referring to the G-SII requirement for own funds and eligible liabilities (TLAC).

2.2.2. Instructions concerning specific positions

Columns

Legal references and instructions

0010

Internal MREL

Articles 45 and 45f of Directive 2014/59/EU.

0020

Internal TLAC

Article 92b of Regulation (EU) No 575/2013.

Row

Legal references and instructions

0010

Level of application

If the entity is subject to internal MREL, and where applicable internal TLAC, on an individual basis, it shall indicate ‘individual’.

If the entity is subject to internal MREL, and where applicable internal TLAC, on a consolidated basis, it shall indicate ‘consolidated’.

0100 – 0110

Total risk exposure amount and total exposure measure

0100

Total risk exposure amount (TREA)

Article 45(2), point (a), of Directive 2014/59/EU, Article 92(3) of Regulation (EU) No 575/2013.

The total risk exposure amount reported in this row shall be the total risk exposure amount which is the basis for compliance with the requirements set out in Article 45 of Directive 2014/59/EU respectively Article 92b of Regulation (EU) No 575/2013, as applicable.

0110

Total exposure measure (TEM)

Article 45(2), point (b), of Directive 2014/59/EU, Article 429(4) and Article 429a of Regulation (EU) No 575/2013.

The total exposure measure reported in this row shall be the total exposure measure which is the basis for compliance with the requirements set out in Article 45 of Directive 2014/59/EU respectively Article 92b of Regulation (EU) No 575/2013, as applicable.

0200 – 0295

Eligible own funds and eligible liabilities

0200

Eligible own funds and eligible liabilities

Internal MREL

Sum of eligible own funds, eligible liabilities and guarantees permitted to count towards internal MREL in accordance with Article 45f(2) of Directive 2014/59/EU, considering also, where applicable Article 89(2), fourth subparagraph, of that Directive.

In case of instruments governed by the law of a third country, the instrument shall only be included in this row if it meets the requirements set out in Article 55 of Directive 2014/59/EU.

The amount reported in this row shall be the amount after making the deductions in accordance with Article 72e(5) of Regulation (EU) No 575/2013.

Internal TLAC

Eligible own funds and eligible liabilities permitted to count towards internal TLAC in accordance with Article 92b(2) and (3) of Regulation (EU) No 575/2013. The amount reported in this row shall be the amount after making the deductions in accordance with Article 72e(5) of Regulation (EU) No 575/2013.

0210

Eligible own funds

Sum of CET1 capital, eligible Additional Tier 1 capital and eligible Tier 2 capital

In case of internal MREL, instruments referred to in Article 89(2), fourth subparagraph, of Directive 2014/59/EU shall be included in this row and rows 0230 and 0240, as applicable.

Instruments governed by the law of a third country shall only be included in this row and rows 0230 and 0240 if they meet the requirements set out in Article 55 of that Directive.

0220

Common Equity Tier 1 capital (CET1)

Article 50 of Regulation (EU) No 575/2013.

0230

Eligible Additional Tier 1 capital

Article 61 of Regulation (EU) No 575/2013

Internal MREL

Instruments shall only be considered where they fulfil the criteria referred to in Article 45f(2), point (b)(ii), of Directive 2014/59/EU.

Internal TLAC

Instruments shall only be considered where they fulfil the criteria laid down in Article 92b(2) of Regulation (EU) No 575/2013.

0240

Eligible Tier 2 capital

Article 71 of Regulation (EU) No 575/2013

Internal MREL

Instruments shall only be considered where they fulfil the criteria set out in Article 45f(2), point (b) (ii), of Directive 2014/59/EU.

Internal TLAC

Instruments shall only be considered where they fulfil the criteria laid down in Article 92b(2) of Regulation (EU) No 575/2013.

0250

Eligible liabilities and guarantees

0260

Eligible liabilities (excluding guarantees)

Internal MREL

Eligible liabilities which fulfil the conditions set out in Article 45f(2), point (a), of Directive 2014/59/EU, considering also, where applicable, Article 89(2), fourth subparagraph, of that Directive.

In case of instruments governed by the law of a third country, the instrument shall only be included in this row if it meets the requirements set out in Article 55 of Directive 2014/59/EU.

The amounts reported shall be the amounts before deducting unused prior permission amounts, to the extent that the permission covers eligible liabilities instruments.

Internal TLAC

The amount of eligible liabilities shall be calculated in accordance with Article 72k of Regulation (EU) No 575/2013, where those liabilities fulfil the conditions set out in Article 92b(3) of that Regulation.

The amounts reported shall be the amounts before deducting unused prior permission amounts, to the extent that the permission covers eligible liabilities instruments.

0265

(-) Own eligible liabilities instruments: Unused prior permission amounts

The following amounts shall be reported in this row:

(i)

unused ad hoc permission amounts, to the extent that the permission covers eligible liabilities instruments;

(ii)

unused GPP amounts, to the extent that the permission covers eligible liabilities instruments.

0270

Guarantees provided by the resolution entity and permitted by the resolution authority

Where the resolution authority of the subsidiary permits the reporting entity to meet the internal MREL requirement with guarantees, the amount of guarantees that are provided by the resolution entity and fulfil all the conditions set out in Article 45f(5) of Directive 2014/59/EU shall be reported.

0280

Memorandum item: Collateralised part of the guarantee

The part of the guarantee reported in row 0270 that is collateralised through a financial collateral arrangement as referred to in Article 45f(5), point (c), of Directive 2014/59/EU.

0290

(-) Own funds instruments and eligible liabilities instruments issued by non-resolution entities of the same resolution group

Holdings of own funds instruments and eligible liabilities instruments that are to be deducted in accordance with Article 72e(5) of Regulation (EU) No 575/2013 and Article 45c(2a), fifth subparagraph, of Directive 2014/59/EU shall be reported in this row.

For the calculation of the deductions pursuant to Article 45c(2a) of Directive 2014/59/EU, the ratio reported in row 0630 shall be used.

0293

(-) of which: Own funds instruments issued by liquidation entities

Investments into the own funds instruments issued by liquidation entities of the same resolution group, for which the resolution authority did not determine a minimum requirement for own funds and eligible liabilities in accordance with Article 45 of Directive 2014/59/EU, that are to be deducted in accordance with Article 45c(2a), fifth subparagraph, of Directive 2014/59/EU, shall be reported.

For the calculation of the deductions pursuant to Article 45c(2a) of Directive 2014/59/EU, the ratio reported in row 0630 shall be used.

0295

Excess of deductions from eligible liabilities over eligible liabilities

With this item, it is achieved that the eligible liabilities as reported in row 0251 are never lower than zero.

0400 – 0440

Ratios of eligible own funds and eligible liabilities

0400

Own funds and eligible liabilities as a percentage of the TREA

Amounts of eligible own funds, eligible liabilities and permitted guarantees of the reporting entity counting towards, respectively, internal MREL and internal TLAC, expressed as a percentage of the total risk exposure amount calculated in accordance with Article 92(3) of Regulation (EU) No 575/2013.

0410

of which: permitted guarantees

Amount of eligible own funds, eligible liabilities and permitted guarantees of the reporting entity that are guarantees provided by the resolution entity and that are recognised by the resolution authority in accordance with Article 45f(5) of Directive 2014/59/EU, which counts towards internal MREL, expressed as a percentage of the total risk exposure amount calculated in accordance with Article 92(3) of Regulation (EU) No 575/2013.

0420

Own funds and eligible liabilities as a percentage of the TEM

Amounts of eligible own funds and eligible liabilities of the reporting entity counting towards, respectively, internal MREL and internal TLAC, expressed as a percentage of the total exposure measure calculated in accordance with Article 429(4) and Article 429a of that Regulation.

0430

of which: permitted guarantees

Amount of eligible own funds and eligible liabilities of the reporting entity that are guarantees provided by the resolution entity and that are recognised by the resolution authority in accordance with Article 45f(5) of Directive 2014/59/EU, which counts towards internal MREL, expressed as a percentage of the total exposure measure calculated in accordance with Article 429(4) and Article 429a of Regulation (EU) No 575/2013.

0440

CET1 (%) available after meeting the entity’s requirements

The amount of CET1, equal to zero or positive, available after meeting each of the requirements referred to in Article 141a(1), points (a), (b) and (c) of Directive 2013/36/EU and the higher of:

(a)

where applicable the internal TLAC requirement pursuant to Article 92b of Regulation (EU) No 575/2013, when calculated in accordance with Article 92b(1) of that Regulation as 90 % of the requirement set out in Article 92a(1), point (a), of that Regulation;

(b)

the internal MREL requirement pursuant to Article 45f of Directive 2014/59/EU, when calculated in accordance with Article 45(2), point (a), of that Directive.

The CET1 available shall be expressed in percent of the total risk exposure amount as reported in row 0100. v The reported figure shall be identical in both internal MREL and internal TLAC columns.

It shall take into account the effect of transitional provisions on the own funds and eligible liabilities, the total risk exposure amount and the requirements themselves. Neither the guidance on additional own funds as referred to by Article 104b of Directive 2013/36/EU nor the combined buffer requirement set out in Article 128, first subparagraph, point (6),of that Directive shall be considered.

0500 – 0550

Memorandum items

0500

Combined buffer requirement (%)

Article 128, first subparagraph, point (6), of Directive 2013/36/EU

The combined buffer requirement shall be expressed as a percentage of the total risk exposure amount.

0510

of which: capital conservation buffer requirement

The amount of the institution specific combined buffer (expressed as a percentage of the total risk exposure amount) that relates to the capital conservation buffer requirement.

0520

of which: countercyclical buffer requirement

The amount of the institution specific combined buffer (expressed as a percentage of the total risk exposure amount) that relates to the countercyclical buffer requirement.

0530

of which: systemic risk buffer requirement

The amount of the institution specific combined buffer (expressed as a percentage of the total risk exposure amount) that relates to the systemic risk buffer requirement.

0540

of which: Global Systemically Important Institution (G-SII) or Other Systemically Important Institution (O-SII) buffer

The amount of the institution specific combined buffer (expressed as a percentage of the total risk exposure amount) that relates to the G-SII or O-SII buffer requirement.

0550 – 0600

Other bail-inable liabilities

Entities that, at the date of the reporting of that information, hold amounts of own funds and eligible liabilities of at least 150 % of the requirement laid down in Article 45(1) of Directive 2014/59/EU shall be exempted from reporting the information in rows 0550 to 0600. Such entities may opt to report that information in this template on a voluntary basis.

Unused prior permission amounts, to the extent that the permission covers an eligible liabilities instrument, shall be considered other bail-inable liabilities for the purposes of these rows.

0550

Other bail-inable liabilities

The amount of bail-inable liabilities, as defined in Article 2(1), point (71), of Directive 2014/59/EU, that are not eligible to meet the requirements set out in Article 45 and 45f of that Directive.

0560

Of which: governed by third-country law

The amount of other bail-inable liabilities that are governed by the law of a third country as referred to in Article 55 of Directive 2014/59/EU.

0570

Of which: containing a write down and conversion clause as referred to in Article 55 of Directive 2014/59/EU

The amount of other bail-inable liabilities that are governed by the law of a third country and that contain a write down and conversion clause as referred to in Article 55 of Directive 2014/59/EU.

0580 – 0600

Breakdown of other bail-inable liabilities by residual maturity

0580

Residual maturity of < 1 year

0590

Residual maturity of >= 1 year and < 2 years

0600

Residual maturity of >= 2 years

0610

Excluded liabilities

Article 72a(2) of Regulation (EU) No 575/2013.

0620

Own funds instruments issued by liquidation entities of the same resolution group

Holdings of own funds instruments issued by non-resolution entities that are liquidation entities, part of the same resolution group, and for which the resolution authority did not determine a minimum requirement for own funds and eligible liabilities in accordance with Article 45 of Directive 2014/59/EU.

This amount shall be reported in this row irrespective of whether the conditions laid down in Article 45c(2a), fifth subparagraph, of Directive 2014/59/EU are met.

0630

Ratio of holdings of own funds instruments issued by liquidation entities over eligible own funds and eligible liabilities

Article 45c(2a) of Directive 2014/59/EU.

The ratio shall only be calculated for the remittance date of 31 December. For the other reference dates, the ratio calculated as of 31 December of the preceding year shall be reported.

The ratio shall be reported as follows:

—

Numerator: Average of the 12 monthly values of the relevant calendar year of the holdings of own funds instruments issued by non-resolution entities that are liquidation entities, part of the same resolution group, and for which the resolution authority did not determine a minimum requirement for own funds and eligible liabilities in accordance with Article 45 of Directive 2014/59/EU.

—

Denominator: Average of the 12 monthly values of the relevant calendar year of the own funds and eligible liabilities of the reporting entity, calculated without taking into account the deductions of the holdings of own funds instruments pursuant to Article 45c(2a), fifth subparagraph, of Directive 2014/59/EU.

2.3. M 04.00 – Funding structure of eligible liabilities (LIAB-MREL)

2.3.1. General remarks

This template requires information on the funding structure of the eligible liabilities of entities subject to MREL. The eligible liabilities are broken down by type of liability and maturity.

Entities shall report only liabilities eligible for meeting the Minimum requirement for own funds and eligible liabilities laid down in Directive 2014/59/EU (MREL / internal MREL) in this template.

Where the reporting entity is a resolution entity, eligible liabilities as defined in Article 2(1), point (71a), of Directive 2014/59/EU shall be reported, before the deduction of unused prior permission amounts. In case of eligible liabilities governed by the law of a third country, only those liabilities which meet the requirements set out in Article 55 of that Directive shall be included.

Where the reporting entity is an entity other than a resolution entity, it shall report eligible liabilities as referred to in Article 45f(2), point (a), of Directive 2014/59/EU in this template, considering also, where applicable, Article 89(2), fourth subparagraph, of that Directive, before the deduction of unused prior permission amounts. In case of instruments governed by the law of a third country, the instrument shall only be included in this row if it meets the requirements set out in Article 55 of that Directive.

10.

The breakdown by type of liability is based on the same set of liability types used in the reporting for the purposes of resolution planning in accordance with Implementing Regulation (EU) 2018/1624. References to that Implementing Regulation are provided to define the different types of liabilities.

11.

Where a maturity breakdown is required, the residual maturity shall be the time until the contractual maturity or, in accordance with the conditions of Articles 72c(2) or (3) of Regulation (EU) No 575/2013, the earliest possible date on which the option can be exercised. In case of interim payments of principal, the principal shall be split and allocated into the corresponding maturity buckets. Where applicable, the maturity shall be considered separately for both the principal amount and accrued interest.

2.3.2. Instructions concerning specific positions

Row

Legal references and instructions

0100

ELIGIBLE LIABILITIES

0200

Deposits, not covered and not preferential >= 1 year

Deposits, not covered and not preferential, as defined for the purposes of row 0320 of template Z 02.00 of Annex I to Implementing Regulation (EU) 2018/1624, that are eligible for the purposes of Article 45 of Directive 2014/59/EU.

0210

of which: residual maturity >= 1 year and < 2 years

0220

of which: residual maturity >= 2 years

0230

of which: issued by subsidiaries

0300

Uncollateralised secured liabilities >= 1 year

Uncollateralised secured liabilities, as defined for the purposes of row 0340 of template Z 02.00 of Annex I to Implementing Regulation (EU) 2018/1624, that are eligible for the purposes of Article 45 of Directive 2014/59/EU.

0310

of which: residual maturity >= 1 year and < 2 years

0320

of which: residual maturity >= 2 years

0330

of which: issued by subsidiaries

0400

Structured notes >= 1 year

Structured notes, as defined for the purposes of row 0350 of template Z 02.00 of Annex I to Implementing Regulation (EU) 2018/1624, that are eligible for the purposes of Article 45 of Directive 2014/59/EU.

0410

of which: residual maturity >= 1 year and < 2 years

0420

of which: residual maturity >= 2 years

0430

of which: issued by subsidiaries

0500

Senior unsecured liabilities >= 1 year

Senior unsecured liabilities, as defined for the purposes of row 0360 of template Z 02.00 of Annex I to Implementing Regulation (EU) 2018/1624, that are eligible for the purposes of Article 45 of Directive 2014/59/EU.

0510

of which: residual maturity >= 1 year and < 2 years

0520

of which: residual maturity >= 2 years

0530

of which: issued by subsidiaries

0600

Senior non-preferred liabilities >= 1 year

Senior non-preferred liabilities, as defined for the purposes of row 0365 of template Z 02.00 of Annex I to Implementing Regulation (EU) 2018/1624, that are eligible for the purposes of Article 45 of Directive 2014/59/EU.

0610

of which: residual maturity >= 1 year and < 2 years

0620

of which: residual maturity >= 2 years

0630

of which: issued by subsidiaries

0700

Subordinated liabilities (not recognised as own funds) >= 1 year

Subordinated liabilities, as defined for the purposes of row 0370 of template Z 02.00 of Annex I to Implementing Regulation (EU) 2018/1624, that are eligible for the purposes of Article 45 of Directive 2014/59/EU.

0710

of which: residual maturity >= 1 year and < 2 years

0720

of which: residual maturity >= 2 years

0730

of which: issued by subsidiaries

0800

Other MREL eligible liabilities >= 1 year

Any other instrument that is eligible for the purposes of Article 45 of Directive 2014/59/EU.

0810

of which: residual maturity >= 1 year and < 2 years

0820

of which: residual maturity >= 2 years

0830

of which: issued by subsidiaries

Creditor ranking

12.

The templates M 05.00 and M 06.00 capture the ranking of eligible liabilities in the creditor hierarchy. Both templates are always reported at individual level.

13.

In case of entities that are themselves not resolution entities, the amount attributable to each rank is further broken down into amounts owed to the resolution entity and other amounts not owed to the resolution entity, where applicable.

14.

The ranking is presented from the most junior to the more senior. Rows for ranks shall be added until the most senior ranking eligible instrument and all liabilities ranking pari passu with it, have been reported.

3.1. M 05.00 – Creditor ranking (entity that is not a resolution entity)

3.1.1. General remarks

15.

Entities that are subject to the obligation to comply with the requirement set out in Article 92b of Regulation (EU) No 575/2013 shall report in this template:

(a)

CET1 items as referred to in Article 26 of Regulation (EU) No 575/2013;

(b)

AT1 items as referred to in Article 51 of Regulation (EU) No 575/2013;

(c)

T2 instruments and the associated share premium, as referred to in Article 62, point (a) and (b), of Regulation (EU) No 575/2013, including the amortised part of the instrument not recognised for the purposes of complying with the requirements set out in Articles 92 or 92b of that Regulation (EU) or Article 45 of Directive 2014/59/EU; and

(d)

liabilities instruments eligible to meet the internal MREL;

(e)

other bail-in-able liabilities;

(f)

liabilities excluded from bail-in; those liabilities shall be included to the extent that they rank pari passu with or junior to any instrument included in the amount of eligible liabilities for the purposes of internal MREL.

16.

Amounts of instruments qualifying for the compliance with the requirements set out in Articles 92 or 92b of Regulation (EU) No 575/2013 or Article 45 of Directive 2014/59/EU in accordance with applicable transitional provisions shall also be considered in scope of the instruments and items listed in paragraph 20.

17.

The amounts of instruments referred to in paragraph 20, points (a), (b) and (c), shall be the amount after deducting holdings of own instruments as referred to in Article 36(1), point (f), Article 56, point (a), and Article 66, point (a), of Regulation (EU) No 575/2013.

18.

The amounts of instruments referred to in paragraph 20, points (a) to (d), shall be the amount before deducting unused prior permission amounts.

19.

Entities that are not subject to the obligation to comply with the requirement set out in Article 92b of Regulation (EU) No 575/2013, but are subject to the obligation to comply with the requirement set out in Article 45 of Directive 2014/59/EU in accordance with Article 45f of that Directive, shall report in this template the instruments and item specified in paragraph 20 of this Section, with the exception of the liabilities excluded from bail-in referred to in point (f) of that paragraph.

20.

By way of derogation from paragraph 24, those entities may choose to report the same scope of own funds and liabilities as specified in paragraph 20.

21.

Entities that, at the date of the reporting of that in-formation, hold amounts of own funds and eligible liabilities of at least 150 % of the requirement referred to in Article 45(1) of Directive 2014/59/EU, shall be exempted from reporting information on other bail-in-able liabilities. Such entities may opt to report information on other bail-in-able liabilities in this template on a voluntary basis.

22.

The combination of columns 0010 and 0020 is a row identifier which shall be unique for all rows in the template.

3.1.2. Instructions concerning specific positions

Columns

Legal references and instructions

0010

Insolvency rank

The number of the insolvency rank in the creditor hierarchy of the reporting entity shall be reported, starting with the most junior rank.

The insolvency rank shall be one of the ranks included in the insolvency rankings published by the resolution authority of that jurisdiction.

0020

Type of creditor

The type of creditor shall be one of the following:

—

‘Resolution entity’

This entry shall be selected to report the amounts owned directly or indirectly by the resolution entity through entities along the chain of ownership, where applicable.

—

‘Entities other than the resolution entity’

This entry shall be selected to report the amounts owned by other creditors, where applicable.

0030

Description of insolvency rank

The description included in the insolvency rankings published by the resolution authority of that jurisdiction, where a standardised list including such a description is available. Otherwise, own description of the insolvency rank by the institution, mentioning at least the main type of instrument in the respective insolvency rank.

0040

Liabilities and own funds

The amount of own funds, of eligible liabilities and, where applicable, of other bail-in-able liabilities that is allocated to the insolvency rank indicated in column 0010 shall be reported.

Where applicable, this column shall include also liabilities excluded from bail-in to the extent they are ranking lower than or pari passu with own funds and eligible liabilities.

In case of entities referred to in paragraph 24, this column shall be left empty, unless those entities choose to apply the derogation of paragraph 25.

0050

Of which: excluded liabilities

Amount of liabilities excluded in accordance with Article 72a(2) of Regulation (EU) No 575/2013 or Article 44(2) of Directive 2014/59/EU. Where the resolution authority decided to exclude liabilities in accordance with Article 44(3) of that Directive, those excluded liabilities shall be reported in this column as well.

In case of entities referred to in paragraph 24, this column shall be left empty, unless those entities choose to apply the derogation of paragraph 25.

0060

Liabilities and own funds less excluded liabilities

Where entities fill in column 0040, the amount of liabilities and own funds, as reported in column 0040, shall be reported, reduced by the amount of excluded liabilities reported in column 0050.

Where entities do not fill in column 0040, they shall report own funds and liabilities eligible for the purposes of internal MREL in this column. Other bail-in-able liabilities shall be reported in this column subject to the conditions specified in paragraph 26.

0070

of which: own funds and eligible liabilities for the purpose of internal MREL

The amount of own funds and eligible liabilities counting towards internal MREL in accordance with Article 45f(2) of Directive 2014/59/EU shall be reported.

0080 – 0110

of which: with a residual maturity of

The amount of own funds and eligible liabilities counting towards internal MREL, as reported in column 0070, shall be broken down by the residual maturity of the different instruments and items. Instruments and items of perpetual nature shall not be considered in this breakdown, but be reported separately in column 0120.

0080

≥ 1 year < 2 years

0090

≥ 2 year < 5 years

0100

≥ 5 years < 10 years

0110

≥ 10 years

0120

Of which: perpetual securities

Perpetual securities and all CET1 items, as well as the share premium on AT1 and T2 instruments included in the scope of this template, shall be allocated to this column.

3.2. M 06.00 – Creditor ranking (resolution entity) (RANK)

3.2.1. General remarks

23.

Entities that are subject to the obligation to comply with the requirement set out in Article 92a of Regulation (EU) No 575/2013 shall report in this template

(a)

CET1 items as referred to in Article 26 of Regulation (EU) No 575/2013;

(b)

AT1 items as referred to in Article 51 of Regulation (EU) No 575/2013;

(c)

T2 instruments and the associated share premium, as referred to in Article 62, point (a) and (b), of Regulation (EU) No 575/2013, including the amortised part of the instrument not recognised for the purposes of complying with the requirements set out in Articles 92 or 92a of Regulation (EU) No 575/2013 or Article 45 of Directive 2014/59/EU;

(d)

liabilities instruments eligible to meet the MREL;

(e)

other bail-in-able liabilities,

(f)

24.

Amounts of instruments qualifying for the compliance with the requirements set out in Articles 92 or 92a of Regulation (EU) No 575/2013 or Article 45 of Directive 2014/59/EU in accordance with applicable transitional provisions shall also be considered in scope of the instruments and items listed in paragraph 28.

25.

Entities that are not subject to the obligation to comply with the requirement set out in Article 92a of Regulation (EU) No 575/2013, but are subject to the obligation to comply with the requirement set out in Article 45 of Directive 2014/59/EU in accordance with Article 45e of that Directive, shall report in this template the instruments and items specified in paragraph 28 of this Section, with the exception of the liabilities excluded from bail-in referred to in point (f) of that paragraph.

26.

By way of derogation from paragraph 30, those entities may choose to report the same scope of own funds and liabilities as specified in paragraph 28.

27.

The amounts of instruments referred to in paragraph 28, points (a), (b) and (c), shall be the amount after deducting holdings of own instruments as referred to in Article 36(1), point (f), Article 56, point (a), and Article 66, point (a), of Regulation (EU) No 575/2013.

28.

The amounts of instruments referred to in paragraph 28, points (a) to (d) shall be the amount before deducting unused prior permission amounts.

29.

3.2.2. Instructions concerning specific positions

Columns

Legal references and instructions

0010

Insolvency rank

See instructions on column 0010 of template M 05.00

This column is a row identifier which shall be unique for all rows in the template.

0020

Description of insolvency rank

See instructions on column 0030 of template M 05.00

0030

Liabilities and own funds

The amount of own funds, of eligible liabilities and, where applicable, of other bail-in-able liabilities, that is allocated to the insolvency rank indicated in column 0010 shall be reported.

Where applicable, this column shall include also liabilities excluded from bail-in to the extent they are ranking lower than or pari passu with eligible liabilities.

In case of entities referred to in paragraph 30, this column shall be left empty, unless those entities choose to apply the derogation of paragraph 31.

0040

Of which: excluded liabilities

Amount of liabilities excluded pursuant to Article 72a(2) of Regulation (EU) No 575/2013 or Article 44(2) of Directive 2014/59/EU.

In case of entities referred to in paragraph 30, this column shall be left empty, unless those entities choose to apply the derogation of paragraph 31.

0050

Liabilities and own funds less excluded liabilities

Where entities fill in column 0030, the amount of liabilities and own funds, as reported in column 0030, shall be reported, reduced by the amount of excluded liabilities reported in column 0040.

Where entities do not fill in column 0030, they shall report own funds and liabilities eligible for the purposes of MREL in this column. Other bail-inable liabilities shall be reported in this column subject to the conditions specified in paragraph 34.

0060

of which: own funds and liabilities potentially eligible for meeting MREL

The amount of own funds and liabilities eligible for the purpose of meeting the requirements set out in Article 45 of Directive 2014/59/EU in accordance with Article 45e of that Directive.

0070 – 0100

of which: with a residual maturity of

The amount of own funds and liabilities eligible for the purpose of meeting the requirement set out in Articles 45 of Directive 2014/59/EU in accordance with Article 45e of that Directive, as reported in column 0060, shall be broken down by the residual maturity of the different instruments and items. Instruments and items of perpetual nature shall not be considered in this breakdown, but be reported separately in column 0110.

0070

≥ 1 year < 2 years

0080

≥ 2 year < 5 years

0090

≥ 5 years < 10 years

0100

≥ 10 years

0110

Of which: perpetual securities

Perpetual securities and all CET1 items, as well as the share premium on AT1 and T2 instruments included in the scope of this template, shall be allocated to this column.

M 07.00 – Instruments governed by third-country law (MTCI)

4.1. General remarks

30.

Template M 07.00 provides a contract-by-contract breakdown of instruments that qualify as own funds and eligible liabilities for the purposes of MREL. Only instruments that are governed by the law of a third country shall be reported in the template.

31.

In relation to eligible liabilities that are not subordinated to excluded liabilities, entities shall only report securities which are fungible, negotiable financial instruments, at the exclusion of loans and deposits.

32.

In case of instruments partially qualifying for two different classes of own funds or eligible liabilities, the instrument shall be reported two times to reflect the amounts allocated to the different capital classes separately.

33.

The combination of columns 0020 (Code of the issuing entity), 0040 (Contract identifier) and 0070 (Type of own funds or eligible liabilities) constitutes a row identifier, which must be unique for each row reported in the template.

4.2. Instructions concerning specific positions

Columns

Legal references and instructions

0010 – 0030

Issuing entity

Where the information is reported with reference to a resolution group, the entity of the group that issued the respective instrument shall be indicated. Where the information is reported, with reference to a single resolution entity, the issuing entity shall be the reporting entity itself.

0010

Name

Name of the entity that issued the own funds instrument or the eligible liability instrument

0020

Code

Code of the entity that issued the own funds instrument or the eligible liability instrument.

The code as part of a row identifier must be unique for each reported entity. For institutions, the code shall be the LEI code. For other entities the code shall be the LEI code, or if not available, a national code. The code shall be unique and used consistently across the templates and across time. The code shall always have a value.

0030

Type of code

The institutions shall identify the type of code reported in column 0020 as a ‘LEI code’ or ‘Non-LEI code’. The type of code shall always be reported.

0040

Contract identifier

The contract identifier of the instrument, such as CUSIP, ISIN or Bloomberg identifier for private placement, shall be reported.

This item is part of the row identifier.

0050

Governing law (third country)

The third country (countries other than the countries of the EEA) the law of which governs the contract, or parts of the contract, shall be indicated.

0060

Contractual recognition of write down and conversion powers

It shall be indicated whether the contract contains the contractual terms referred to in Article 55(1) of Directive 2014/59/EU, Article 52(1), points (p) and (q), and Article 63, points (n) and (o), of Regulation (EU) No 575/2013.

0070 – 0080

Regulatory treatment

0070

Type of own funds or eligible liabilities

Type of own funds or eligible liabilities, as which the instrument qualifies at the reference date. Transitional provisions on the eligibility of instruments shall be taken into consideration. Instruments that qualify for multiple capital classes shall be reported once per applicable capital class.

The type of own funds or eligible liabilities shall be one of the following:

—

CET1

—

Additional Tier 1

—

Tier 2

—

Eligible liabilities

0080

Instrument type

The type of instrument to be specified depends on the governing law under which it is issued.

In case of CET1 instruments, the type of instrument shall be selected from the list of CET1 instruments published by the EBA pursuant to Article 26(3) of Regulation (EU) No 575/2013.

In case of own funds other than CET1, and eligible liabilities, the type of instrument shall be selected from a list of corresponding instruments published by EBA, competent authorities or resolution authorities, where such list is available. Where no list is available, the reporting entity shall specify the type of instruments itself.

0090

Amount

The amount recognised in own funds or eligible liabilities shall be reported considering the level the report refers to, in case of instruments included at multiple levels. The amount shall be the amount relevant at the reference date, considering the effect of transitional provisions.

0100 – 0110

Rank in normal insolvency proceedings

The ranking of the instrument in normal insolvency proceedings shall be specified.

It shall consist of the two letter ISO code of the country the law of which governs the ranking of the contract (column 0100), which shall be the law of a Member State, and the number of the relevant insolvency rank (column 0110).

The relevant insolvency rank shall be determined based on the insolvency rankings published by resolution or other authorities, where such a standardised list is available.

0120

Maturity

The maturity of the instrument shall be reported in the following format: dd/mm/yyyy. In case of perpetual instruments, the cell shall be left empty.

0130

(First) Call date

Where the issuer possesses a call option, the first date at which the call can be exercised shall be reported.

If the first call date has occurred prior to the reference date, that date shall be reported if the call is still exercisable. If it is not exercisable anymore, the next date at which the call be exercised shall be reported.

In case of issuer call options with unspecified exercise date or call options triggered by specific events, the conservatively estimated likely call date shall be reported.

Regulatory or tax calls options shall not be considered for the purposes of this column.

0140

Regulatory call (Y/N)

It shall be indicated whether the issuer possesses a call option exercisable upon the occurrence of a regulatory event affecting the eligibility of the contract to MREL.

( 1 ) Commission Delegated Regulation (EU) No 241/2014 of 7 January 2014 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards for Own Funds requirements for institutions ( OJ L 74, 14.3.2014, p. 8 , ELI: http://data.europa.eu/eli/reg_del/2014/241/oj ).

( 2 ) Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC ( OJ L 176, 27.6.2013, p. 338 , ELI: http://data.europa.eu/eli/dir/2013/36/oj ).

ANNEX III

DISCLOSURE ON THE MINIMUM REQUIREMENT FOR OWN FUNDS AND ELIGIBLE LIABILITIES

Template code

Name of the template

EU KM2

Key metrics – MREL and, where applicable, G-SII requirement for own funds and eligible liabilities

EU TLAC1

Composition – MREL and, where applicable, G-SII requirement for own funds and eligible liabilities

EU iLAC

Internal loss absorbing capacity: internal MREL and, where applicable, requirement for own funds and eligible liabilities for non-EU G-SIIs

EU TLAC2

Creditor ranking – Entity that is not a resolution entity

EU TLAC3

Creditor ranking – Resolution entity

EU KM2: Key metrics – MREL and, where applicable, G-SII requirement for own funds and eligible liabilities

Minimum requirement for own funds and eligible liabilities (MREL)

G-SII Requirement for own funds and eligible liabilities (TLAC)

T-1

T-2

T-3

T-4

Own funds and eligible liabilities, ratios and components

Own funds and eligible liabilities

EU-1a

Of which own funds and subordinated liabilities

Total risk exposure amount of the resolution group (TREA)

Own funds and eligible liabilities as a percentage of the TREA

EU-3a

Of which own funds and subordinated liabilities

Total exposure measure (TEM) of the resolution group

Own funds and eligible liabilities as percentage of the TEM

EU-5a

Of which own funds or subordinated liabilities

Does the subordination exemption in Article 72b(4) of Regulation (EU) No 575/2013 apply? (5 % exemption)

Aggregate amount of permitted non-subordinated eligible liabilities instruments if the subordination discretion in accordance with Article 72b(3) of Regulation (EU) No 575/2013 is applied (max 3,5 % exemption)

If a capped subordination exemption applies in accordance with Article 72b (3) of Regulation (EU) No 575/2013, the amount of funding issued that ranks pari passu with excluded liabilities and that is recognised under row 1, divided by funding issued that ranks pari passu with excluded liabilities and that would be recognised under row 1 if no cap was applied (%)

Minimum requirement for own funds and eligible liabilities (MREL)

EU-7

MREL expressed as a percentage of the TREA

EU-8

Of which to be met with own funds or subordinated liabilities

EU-9

MREL expressed as a percentage of the TEM

EU-10

Of which to be met with own funds or subordinated liabilities

EU TLAC1 – Composition – MREL and, where applicable, G-SII requirement for own funds and eligible liabilities

Minimum requirement for own funds and eligible liabilities (MREL)

G-SII requirement for own funds and eligible liabilities (TLAC)

Memo item: Amounts eligible for the purposes of MREL, but not of TLAC

Own funds and eligible liabilities and adjustments

Common Equity Tier 1 capital (CET1)

Additional Tier 1 capital (AT1)

Empty set in the EU

Tier 2 capital (T2)

Empty set in the EU

Own funds for the purpose of Articles 92a of Regulation (EU) No 575/2013 and 45 of Directive 2014/59/EU

Own funds and eligible liabilities: Non-regulatory capital elements

Eligible liabilities instruments issued directly by the resolution entity that are subordinated to excluded liabilities (not grandfathered)

EU-12a

Eligible liabilities instruments issued by other entities within the resolution group that are subordinated to excluded liabilities (not grandfathered)

EU-12b

Eligible liabilities instruments that are subordinated to excluded liabilities issued prior to 27 June 2019 (subordinated grandfathered)

EU-12c

Tier 2 instruments with a residual maturity of at least one year to the extent they do not qualify as Tier 2 items

Eligible liabilities that are not subordinated to excluded liabilities (not grandfathered pre-cap)

EU-13a

Eligible liabilities that are not subordinated to excluded liabilities issued prior to 27 June 2019 (pre-cap)

Amount of non subordinated eligible liabilities instruments, where applicable after application of Article 72b (3) CRR

Empty set in the EU

Eligible liabilities items before adjustments

EU-17a

Of which subordinated liabilities items

Own funds and eligible liabilities: Adjustments to non-regulatory capital elements

Own funds and eligible liabilities items before adjustments

(Deduction of exposures between multiple point of entry (MPE) resolution groups)

(Deduction of investments in other eligible liabilities instruments)

Empty set in the EU

Own funds and eligible liabilities after adjustments

EU-22a

Of which: own funds and subordinated liabilities

Risk-weighted exposure amount and leverage exposure measure of the resolution group

Total risk exposure amount (TREA)

Total exposure measure (TEM)

Ratio of own funds and eligible liabilities

Own funds and eligible liabilities as a percentage of TREA

EU-25a

Of which own funds and subordinated liabilities

Own funds and eligible liabilities as a percentage of TEM

EU-26a

Of which own funds and subordinated liabilities

CET1 (as a percentage of the TREA) available after meeting the resolution group’s requirements

Institution-specific combined buffer requirement

of which capital conservation buffer requirement

of which countercyclical buffer requirement

of which systemic risk buffer requirement

EU-31a

of which Global Systemically Important Institution (G-SII) or Other Systemically Important Institution (O-SII) buffer

Memorandum items

EU-32

Total amount of excluded liabilities referred to in Article 72a(2) of Regulation (EU) No 575/2013

EU ILAC – Internal loss absorbing capacity: internal MREL and, where applicable, requirement for own funds and eligible liabilities for non-EU G-SIIs

Minimum requirement for own funds and eligible liabilities (internal MREL)

Non-EU G-SII requirement for own funds and eligible liabilities (internal TLAC)

Qualitative information

Applicable requirement and level of application

EU-1

Is the entity subject to a non-EU G-SII requirement for own funds and eligible liabilities? (Y/N)

EU-2

If EU-1 is answered by 'Yes', is the requirement applicable on a consolidated or individual basis? (C/I)

EU-2a

Is the entity subject to an internal MREL? (Y/N)

EU-2b

If EU-2a is answered by 'Yes', is the requirement applicable on a consolidated or individual basis? (C/I)

Own funds and eligible liabilities

EU-3

Common Equity Tier 1 capital (CET1)

EU-4

Eligible Additional Tier 1 capital

EU-5

Eligible Tier 2 capital

EU-6

Eligible own funds

EU-7

Eligible liabilities

EU-8

of which permitted guarantees

EU-9a

(Adjustments)

EU-9b

Own funds and eligible liabilities items after adjustments

Total risk exposure amount and total exposure measure

EU-10

Total risk exposure amount (TREA)

EU-11

Total exposure measure (TEM)

Ratio of own funds and eligible liabilities

EU-12

Own funds and eligible liabilities as a percentage of the TREA

EU-13

of which permitted guarantees

EU-14

Own funds and eligible liabilities as a percentage of the TEM

EU-15

of which permitted guarantees

EU-16

CET1 (as a percentage of the TREA) available after meeting the entity’s requirements

EU-17

Institution-specific combined buffer requirement

Requirements

EU-18

Requirement expressed as a percentage of the TREA

EU-19

of which part of the requirement that may be met with a guarantee

EU-20

Requirement expressed as percentage of the TEM

EU-21

of which part of the requirement that may be met with a guarantee

Memorandum items

EU-22

Total amount of excluded liabilities referred to in Article 72a(2) of Regulation (EU) No 575/2013

EU TLAC2a: Creditor ranking – Entity that is not a resolution entity

Insolvency ranking

Sum of 1 to n

…

(most junior)

(most senior)

Resolution entity

Other

Resolution entity

Other

…

Resolution entity

Other

Empty set in the EU

Description of insolvency rank (free text)

Liabilities and own funds

of which excluded liabilities

Liabilities and own funds less excluded liabilities

Subset of liabilities and own funds less excluded liabilities that are own funds and eligible liabilities for the purpose of [choose as a appropriate: internal MREL/internal TLAC]

of which residual maturity ≥ 1 year < 2 years

of which residual maturity ≥ 2 year < 5 years

of which residual maturity ≥ 5 years < 10 years

of which residual maturity ≥ 10 years, but excluding perpetual securities

of which perpetual securities

EU TLAC2b: Creditor ranking – Entity that is not a resolution entity

Insolvency ranking

Sum of 1 to n

…

(most junior)

(most senior)

Resolution entity

Other

Resolution entity

Other

…

Resolution entity

Other

Empty set in the EU

Description of insolvency rank (free text)

Empty set in the EU

Own funds and eligible liabilities for the purpose of internal MREL

of which residual maturity ≥ 1 year < 2 years

of which residual maturity ≥ 2 year < 5 years

of which residual maturity ≥ 5 years < 10 years

of which residual maturity ≥ 10 years, but excluding perpetual securities

of which perpetual securities

EU TLAC3a: Creditor ranking – Resolution entity

Insolvency ranking

Sum of 1 to n

…

(most junior)

(most senior)

Description of insolvency rank (free text)

Liabilities and own funds

of which excluded liabilities

Liabilities and own funds less excluded liabilities

Subset of liabilities and own funds less excluded liabilities that are own funds and liabilities potentially eligible for meeting [choose as a appropriate: MREL/TLAC]

of which residual maturity ≥ 1 year < 2 years

of which residual maturity ≥ 2 year < 5 years

of which residual maturity ≥ 5 years < 10 years

of which residual maturity ≥ 10 years, but excluding perpetual securities

of which perpetual securities

EU TLAC3b: Creditor ranking – Resolution entity

Insolvency ranking

Sum of 1 to n

…

(most junior)

(most senior)

Description of insolvency rank (free text)

Empty set in the EU

Own funds and liabilities potentially eligible for meeting MREL

of which residual maturity ≥ 1 year < 2 years

of which residual maturity ≥ 2 year < 5 years

of which residual maturity ≥ 5 years < 10 years

of which residual maturity ≥ 10 years, but excluding perpetual securities

of which perpetual securities

ELI: http://data.europa.eu/eli/reg_impl/2024/1618/oj

ISSN 1977-0677 (electronic edition)

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