Reporting

New version 5.0 of the TPT for Solvency II

On 19 January 2020, FinDatEx announced on its website (findatex.eu) the adoption of a new version 5.0 of the Solvency II Tripartite Template (TPT). Representatives of IDS GmbH - Analysis and Reporting Services (IDS) participated in this new standard as members of the relevant committee. We would like to inform you today about the most important changes and the plan for implementation planned by IDS.

Formal adaptations

In part, the TPT format specification contains some new definitions for data fields with unchanged content. Secondly, the value range for existing fields has been extended:

 

1. addition of currencies for the field portfolio currency


2. indication of the issuer and ultimate parent company for underlyings if the underlying is an index


3. addition of the expression "inflation linked" when specifying the coupon type


4. addition of the expression "defaulted" when indicating the redemption type


5. addition of the term "weekly" to the coupon payment frequency


6. revision of the information on the version of the TPT format used at the end of the file

 

7. improvement of the validation rules for the number of units and nominal values for individual finan-cial instruments

 

On the other hand, FinDatEx points out the importance of format compliance, restricts the delivery formats (no Excel-files) and defines the naming convention for the files.

Content extensions

8. Regulation (EU) 2018/1225 of 1 June 2018 revised the procedures for calculating the spread SCR for securitizations. As part of this process, the classification of securitizations in the Solvency II Regulation was adjusted to the requirements of Regulation (EU) 2017/2402 "Securitization Regulation". For field 56_Securitisation of the TPT, the value range was adjusted to the corresponding instrument type.

 

9. With the Delegate Regulation (EU) 2019/981 the Commission introduced in Art. 168a the category of "qualified unlisted equity portfolios". These are medium-sized companies domiciled in the EU that are to be promoted and for which therefore different procedures for SCR calculation were established. The two new data fields:

 

134_type1_private_equity_portfolio_eligibility


135_type1_private_equity_issuer_beta


take this into account by classifying investments accordingly and reporting a beta factor.

 

10. Finally, with field:


137_counterparty_sector


introduced a field for providing sector information for counterparties.

Timeline

According to FinDatEx, version TPT 5.0 is to be introduced on 31.03.2020 and used in parallel with TPT version 4.0 for a period of 3 months. Subsequently, the previous version is to be completely replaced. The version 3.0, which is still partly used today, will be completely discontinued by the end of March 2020.

Implementation at IDS in Q2 2020

The implementation at IDS is running according to plan. With each of our clients we have already agreed on the necessary changes for further implementation.

The reports as at 31 March 2020 will be initially produced in TPT v4.0 and subsequently in TPT v5.0. Meanwhile IDS is building the prerequisites for importing TPT v5.0. to be completed in April 2020.

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