Textual Amendments
F1 Substituted by Commission Implementing Regulation (EU) 2020/429 of 14 February 2020 amending Implementing Regulation (EU) No 680/2014 laying down implementing technical standards with regard to supervisory reporting of institutions according to Regulation (EU) No 575/2013 of the European Parliament and of the Council (Text with EEA relevance).
material exposures which are more than 90 days past due;
the debtor is assessed as unlikely to pay his or her credit obligations in full without realisation of collateral, regardless of the existence of any past due amount or of the number of days past due.
loan commitments given;
financial guarantees given;
other commitments given.
for non-performing exposures classified as defaulted in accordance with Article 178 CRR, the categorisation approach of that Article shall be applied;
for exposures that are classified as non-performing due to impairment under the applicable accounting framework, the recognition criteria for impairment under the applicable accounting framework shall be applied;
for other non-performing exposures that are neither classified as defaulted nor as impaired, the provisions of Article 178 CRR for defaulted exposures shall be applied.
the exposure meets the exit criteria applied by the reporting institution for the discontinuation of the impairment and default classification according to the applicable accounting framework and Article 178 of the CRR respectively;
the situation of the debtor has improved to the extent that full repayment is likely to be made, either according to the original or to the modified conditions;
the debtor does not have any amount past-due by more than 90 days.
exposures are not considered to be impaired or defaulted by the reporting institution according to the applicable accounting framework and Article 178 of the CRR, respectively;
at least one year has passed since the date on which the forbearance measures were granted and the date on which the exposures were classified as non-performing, whichever is later;;
there is not, following the forbearance measures, any past-due amount or concern regarding the full repayment of the exposure according to the post-forbearance conditions. The absence of concerns shall be determined after an analysis of the debtor’s financial situation by the institution. Concerns may be considered as no longer existing where the debtor has paid, via its regular payments in accordance with the post-forbearance conditions, a total equal to the amount that was previously past-due (where there were past-due amounts) or that has been written-off (where there were no past-due amounts) under the forbearance measures or the debtor has otherwise demonstrated its ability to comply with the post-forbearance conditions.
The specific exit conditions referred to in points (a), (b) and (c) shall apply in addition to the criteria applied by reporting institutions for impaired and defaulted exposures according to the applicable accounting framework and Article 178 CRR, respectively.
‘ Debt instruments at cost or at amortised cost ’ shall encompass debt instruments included in any of the following:
‘ Financial assets at amortised cost ’ (IFRS);
‘ Non-trading non-derivative financial assets at a cost based method ’ , including debt instruments under moderate LOCOM (national GAAP based on BAD);
‘ Other non-trading non-derivative financial assets ’ , except debt instruments measured at strict LOCOM (national GAAP based on BAD);
‘ Debt instruments at fair value through other comprehensive income or through equity subject to impairment ’ shall encompass debt instruments included in any of the following:
‘ Financial assets at fair value through other comprehensive income ’ (IFRS);
‘ Non-trading non-derivative financial assets measured at fair value to equity ’ , where instruments in that measurement category can be subject to impairment in accordance with the applicable accounting framework under national GAAP based on BAD;
‘ Debt instruments at strict LOCOM, or at fair value through profit or loss or through equity not subject to impairment ’ shall encompass debt instruments included in any of the following:
‘ Non-trading financial assets mandatorily at fair value through profit or loss ’ (IFRS);
‘ Financial assets designated at fair value through profit or loss ’ (IFRS);
‘ Non-trading non-derivative financial assets measured at fair value through profit or loss ’ (national GAAP based on BAD);
‘ Other non-trading non-derivative financial assets ’ where debt instruments are measured under strict LOCOM (national GAAP based on BAD);
‘ Non-trading non-derivative financial assets measured at fair value through equity ’ , where debt instruments in that measurement category are not subject to impairment in accordance with the applicable accounting framework under GAAP based on BAD.
Loans collateralised by immovable property as defined in paragraphs 86(a) and 87of this Part;
Credit for consumption as defined in paragraph 88(a) of this Part.
exposures which are considered to be impaired in accordance with the applicable accounting framework; under IFRS, the amount of credit-impaired assets (Stage 3), including purchased or originated credit-impaired assets, shall be reported; under national GAAP, the amount of impaired assets shall be reported;
exposures in respect of which a default is considered to have occurred in accordance with Article 178 CRR.
under IFRS, assets with significant increase in credit risk since initial recognition, but not credit-impaired (Stage 2), including purchased or originated credit-impaired assets that no longer meet the definition of ‘ credit-impaired ’ assets after the initial recognition;
under IFRS, for performing exposures, assets without significant increase in credit risk since initial recognition (Stage 1).
a non-performing exposure meets the criteria for ceasing to be classified as non-performing as laid out in paragraphs 228 – 232 of this Part and is reclassified as performing not forborne or performing forborne;
a non-performing exposure is partially or totally repaid; in case of partial repayment, only the repaid amount shall be classified as outflow;
collateral is liquidated, including outflows due to other liquidation or legal procedures, such as the liquidation of assets other than collateral obtained via legal procedures, and the voluntary sale of the collateral;
the institution takes possession of the collateral as referred in paragraph 175 of this Part including cases of debt asset swaps, voluntary surrenders and debt equity swaps;
a non-performing exposure is sold;
the risk pertaining to a non-performing exposure is transferred and the exposure meets the criteria to be derecognised;
a non-performing exposure is written-off partially or totally; in case of partial write-offs, only the written-off amount shall be classified as outflow;
a non-performing exposure, or parts of a non-performing exposure, ceases to be non-performing for other reasons.
commercial real estate (CRE) loans as defined in paragraph 239ix, broken down into CRE loans to SMEs and CRE loans to non-financial corporations other than SMEs;
loans collateralised by immovable property as defined in paragraphs 86(a) and 87of this Part;
credit for consumption as defined in paragraph 88(a) of this Part.
[F1Recommendation of the European Systemic Risk Board of 31 October 2016 on closing real estate data gaps (ESRB/2016/14), OJ C 31, 31.1.2017, p. 1 .]
Textual Amendments
F1 Substituted by Commission Implementing Regulation (EU) 2020/429 of 14 February 2020 amending Implementing Regulation (EU) No 680/2014 laying down implementing technical standards with regard to supervisory reporting of institutions according to Regulation (EU) No 575/2013 of the European Parliament and of the Council (Text with EEA relevance).