QA2023-61 - FMIR T33.00 c0040

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Feb 01, 2024
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Resolution Reporting Subject Matter Guidance
Guidance Documents FMIs
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QA2023-61

Question


This question concerns FMI Report T33.00 c0040: Guidance states the value to be reported as the “Daily average value at end of settlement day over the previous year.”, while the answer to QA2023-20 states “The "value of positions at CCPs" should be the daily average of the "net" Variation Margin, i.e. posted to - received from the CCPs.”. The two values are different, the first varies in positive values while the second may take negative values. Clarification on this matter would be appreciated.


Response


As reported in the FMIR Guidance on p. 20, the value to be reported under this field relate to positions at CCP in the respective account types.