Article 8
Sources of information
The valuation shall be based on any information which is available at the valuation date and deemed relevant by the valuer, or the resolution authority where conducting a provisional valuation pursuant to Article 26(1) of Regulation (EU) 2021/23. In addition to the CCP’s financial statements, valuation reports, related audit reports and regulatory reporting over a period ending as close as possible to the valuation date, that relevant information may include the following:
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(a) |
the updated financial statements and regulatory reporting prepared by the CCP as close as possible to the valuation date; |
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(b) |
an explanation of the rules, key methodologies, assumptions and judgements used by the CCP to prepare the financial statements and regulatory reporting; |
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(c) |
data contained in the records of the CCP; |
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(d) |
relevant market data; |
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(e) |
conclusions drawn by the valuer from discussions with management and auditors; |
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(f) |
where available, supervisory assessments of the CCP’s financial condition, including information acquired pursuant to Article 18(1), point (h), of Regulation (EU) 2021/23; |
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(g) |
industry-wide assessments of asset quality, where relevant to the CCP’s assets, as well as stress test results; |
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(h) |
valuations of peers, adjusted where and as appropriate to capture the CCP’s specific circumstances; |
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(i) |
historical information, adjusted where and as appropriate to eliminate factors that are no longer relevant, and to incorporate other factors that did not affect the historical information; or |
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(j) |
trend analyses, adjusted where and as appropriate to reflect the CCP’s specific circumstances. |