Reporting of unused commitments participated- FFIEC031/041: RC-L, FRY9C: HC-L
(Doc ID 2760879.1)
Last updated on MARCH 22, 2021
Applies to:Oracle Financial Services - Regulatory Reporting for US Federal Reserve - Lombard Risk Integration Pack - Version 8.0.9 and later
Information in this document applies to any platform.
REG REP USFED 80920
#1 RC-L/HC-L Line Item 1: Unused commitments are to be reported gross, i.e., include in the appropriate subitem the unused
amount of commitments acquired from and conveyed or participated to others.
Issue - We did not find the logic in RC-L/HC-L MDRMs for reporting unused commitments participated to others.
#2 RC-L/HC-L Line Item 2 and 3:
Originating holding companies (or their subsidiaries) must report in items 2 and 3 the full amount outstanding
and unused of financial and performance standby letters of credit, respectively. Include those standby letters of credit that are collateralized by cash on deposit, that have been acquired by
others, and in which participations have been conveyed to others where (a) the originating and issuing holding company is obligated to pay the full amount of any draft drawn under the terms of the
standby letter of credit and (b) the participating institutions have an obligation to partially or wholly reimburse the originating holding company, either directly in cash or through a participation in a loan to the account party.
Issue - We did not find the logic in RC-L/HC-L MDRMs for reporting amounts including participations
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