QA2018-101 - Margin calls T01.00; T07.00

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Feb 01, 2024
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QA2018-101

Question


According to SRB guidelines, margin calls have to be reported with the derivatives and need to be reconciled with the FINREP. Last year, margin calls were not included and the total derivatives matched with the FINREP. The carrying amount will not be reconciled with the FINREP. How the reconciliation with the FINREP can be done ?


Response


The guidance does not provide that margin calls which are not yet received, but should refer to the margin account and the collateral that is available through such account. The guidance will be clarified in this regard.