QA2019-29 - Leasing / Factoring / Trade Finance

Owned by SRB Services
Feb 01, 2024
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Resolution Reporting Subject Matter Guidance
Guidance Documents Critical-Functions
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QA2019-29

Question


Should we report these functions as a separate sub-function or can we merge it with other forms of lending?


Response


Data for leasing and factoring should be reported under the pre-defined functions (Lending to non-financial corporates, SMEs and non-SMEs). The amount outstanding should already cover the factoring and leasing exposures. According to FINREP, trade finance activities should be reported under the value committed (other commitments given). If you would like to consider these services separately, you can report an additional function in the optional cells (drop-down lists have been included). In that case, please do not report these activities twice (aggregated with other lending and detailed).