
Article 1 

1. The frequency of the calculation specified in Article 50a(3) of Regulation (EU) No 648/2012 shall be monthly except where the discretion provided for in Article 3(1) of this Regulation is exercised, in which case the frequency shall be either weekly or daily.
2. Where the frequency of the calculation referred to in paragraph 1 is monthly, the CCP shall apply both of the following:
(a) the reference days for that calculation shall be as follows:January 31, February 28 (or February 29 in a leap year), March 31, April 30, May 31, June 30, July 31, August 31, September 30, October 31, November 30, December 31;
(b) the day on which the CCP shall undertake that calculation (day of calculation) shall be respectively:February 1, March 1, April 1, May 1, June 1, July 1, August 1, September 1, October 1, November 1, December 1, January 1.
3. Where the frequency referred to in paragraph 1 is weekly or daily, the day of the first calculation shall fall on the day following the day of the request of the competent authority. The first reference day shall be the day of the request of the competent authority. For the subsequent calculations the reference day shall be the day before the day of calculation. In case of weekly calculation, the time span between the days of calculation shall be 5 working days.
4. Where the day of calculation is a public holiday, Saturday or Sunday, the calculation shall be carried out on the following working day.
Article 2 

1. The frequency of the reporting required by Article 50c(2) of Regulation (EU) No 648/2012 and, where applicable, by the third subparagraph of Article 89(5a) of Regulation (EU) No 648/2012 shall be monthly, except where the discretion provided for in Article 3(1) of this Regulation is exercised, in which case the frequency shall be either weekly or daily.
2. Where the frequency of the reporting in accordance with paragraph 1 is monthly, the reporting date shall fall within five working days from the day of calculation set in Article 1, or earlier where possible.
3. Where the frequency of the reporting referred to in paragraph 1 is daily or weekly, the reporting date shall be the day following the day of calculation.
4. Where the reporting date is a public holiday, Saturday or Sunday, the reporting date shall be the following working day.
5. CCPs shall report the information referred to in paragraph 1 using the template set out in Annex I (Information related to hypothetical capital) completed in accordance with the instructions set out in Annex II (Instructions for reporting of information related to hypothetical capital).
Article 3 

1. Competent authorities of an institution acting as a clearing member may require any CCP in which that institution acts as a clearing member to undertake the calculation referred to in Article 1(1) and the reporting referred to in Article 2(1) with either a daily or a weekly frequency in either of the following situations:
(a) where, following the default of one clearing member, a CCP is obliged to use any portion of the pre-funded financial resources that it contributed to the default waterfall in accordance with Article 43 of Regulation (EU) No 648/2012;
(b) where, following the default of one clearing member a CCP is obliged to make use of the default fund contributions of non-defaulting clearing members in accordance with Article 42 of Regulation (EU) No 648/2012.
2. Competent authorities shall base the choice between daily and weekly frequency as provided for in paragraph 1 on the degree of actual or foreseen depletion of the pre-funded financial resources.
3. Where competent authorities require a higher frequency of calculation and reporting from a CCP in accordance with point (a) of paragraph 1, the higher frequency shall apply until the pre-funded financial resources that were contributed by the CCP to the default waterfall are restored at the levels set in Article 35 of Commission Delegated Regulation (EU) No 153/2013.
4. Where competent authorities require a higher frequency of calculation and reporting from a CCP in accordance with point (b) of paragraph 1, the higher frequency shall apply until the default fund contributions of the non-defaulting members of the CCP are restored to the levels set out in Article 42 of Regulation (EU) No 648/2012.
Article 4 
By way of derogation from Article 2(2), during the period from the date of application of this Regulation until 31 December 2014, CCPs shall report the information referred to in that paragraph at the latest by fifteen working days after the reference day, or earlier where possible.
Article 5 
This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.
It shall apply from 2 June 2014, except for Article 1(3), Article 2(3) and Article 3, which shall apply from 1 January 2015.
This Regulation shall be binding in its entirety and directly applicable in all Member States.Done at Brussels, 12 May 2014.
For the Commission
The President
José Manuel BARROSO
ANNEX I
ID Item Legal references Amount
10 Central Counterparty — 
20 Default fund identifier Art. 50c(1), Regulation (EU) 648/2012 
30 Calculation date Art. 1(2), Commission Implementing Regulation (EU) No 484/2014 
40 Hypothetical capital (KCCP) Art. 50c(1)(a), Regulation (EU) 648/2012 
50 Sum of pre-funded contributions (DFCM) Art. 50c(1)(b), Regulation (EU) 648/2012 
60 Amount of pre-funded financial resources that it is required to use before using the default fund contributions of the remaining clearing members (DFCCP) Art. 50c(1)(c), Regulation (EU) 648/2012 
70 Total number of clearing members (N) Art. 50c(1)(d), Regulation (EU) 648/2012 
80 Concentration factor (β) Art. 50c(1)(e), Regulation (EU) 648/2012 
90 Total amount of initial margin Art. 89(5a) third subparagraph, Regulation (EU) 648/2012 
ANNEX II
1. This Annex contains additional instructions for the table provided in Annex I.
 2.  2.1. Reporting of the template shall be submitted with the frequency set out in Article 1 of this Regulation.
 3.  3.1. The remittance dates are set out in Article 2.
 4.  4.1. All amounts shall be reported as positive figures.
 4.2. The following formats and legal references shall be taken into account for completing the templates:

Template ID Instructions
10 Central counterparty (CCP) name
Format Text, any number of characters
20 Default fund identifier
Legal references Article 50c(1) of Regulation (EU) No 648/2012
Instruction In accordance with Article 50c(1) where the CCP has more than one default fund, it shall report the information in the first subparagraph of that Article for each default fund separately.
Format Text, any number of characters
Calculation None
30 Calculation date
Legal references Article 1(2) of this Regulation
Note Calculation date in accordance with Article 1(2) of this Regulation depending on the required frequency.
Format YYYY-MM-DDFour-digit year, hyphen, two-digit month, hyphen, two-digit day
Calculation None
40 Hypothetical capital (KCCP)
Legal references Article 50c(1)(a) of Regulation (EU) No 648/2012
Instructions The reporting currency shall be identified using ISO 4217 currency code followed by a space and the amount. Figures can be rounded with a rounding error smaller than 1 %.
Format ISO-Code amount
Calculation The hypothetical capital shall be calculated as required in Article 50a(2) of Regulation (EU) No 648/2012.
50 Sum of pre-funded contributions (DFCM)
Legal references Article 50c(1)(b) of Regulation (EU) No 648/2012.
Calculation The pre-funded contributions shall be calculated as the sum of the pre-funded contribution of clearing member as required in Article 308(2) of Regulation (EU) No 575/2013.
Instructions The reporting currency shall be identified using ISO 4217 currency code followed by a space and the amount. Figures can be rounded with a rounding error smaller than 1 %.
Format ISO-Code amount
60 Amount of pre-funded financial resources that it is required to use before using the default fund contributions of the remaining clearing members (DFCCP)
Legal references Article 50c(1)(c) of Regulation (EU) No 648/2012
Calculation The sum of pre-funded contributions of all clearing members of the CCP shall be calculated as required in Article 308(3)(c) of Regulation (EU) No 575/2013.
Instructions The reporting currency shall be identified using ISO 4217 currency code followed by a space and the amount. Figures can be rounded with a rounding error smaller than 1 %.
Format ISO-Code amount
70 Total number of clearing members (N)
Legal references Article 50c(1)(d) of Regulation (EU) No 648/2012
Calculation The number of the clearing members of the CCP.
Format Integer number
80 Concentration factor (β)
Legal references Article 50c(1)(e) of Regulation (EU) No 648/2012
Calculation The concentration factor shall be calculated as required in Article 50d(c) of Regulation (EU) No 648/2012.
Instructions The reporting currency shall be identified using ISO 4217 currency code followed by a space and the amount. Figures can be rounded with a rounding error smaller than 1 %.
Format ISO-Code amount
90 Total amount of initial margin
Legal references Third subparagraph of Article 89(5a) of Regulation (EU) No 648/2012.
Calculation The total initial margin received by the CCP from its clearing members shall be calculated as required in Articles 24 to 27 of the Delegated Regulation (EU) No 153/2013.
Instructions This information shall be reported only where applicable. The reporting currency shall be identified using ISO 4217 currency code followed by a space and the amount. Figures can be rounded with a rounding error smaller than 1 %.
Format ISO-Code amount
