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2018 Pillar 3 Disclosures
Market risk in the trading book
Details of capital requirements for position risk, according to the instrument, are as follows:
Position risk requirements
Requirements for position risk in equity instruments
8,764
General Risk
1,446
Specific Risk
7,318
Requirements for position risk in fixed-income instruments
51,062
General Risk
45,958
Specific Risk
5,104
Own funds requirements for securitisation instruments
941
Total capital requirements
59,826
Thousands of euros.
As mentioned previously, within the positions of the trading book fixed-income portfolio, there
are securitisation positions with capital consumption requirements of €941,000.
The standard for recognition and measurement of financial instruments IFRS 9 entered into force
on 1 January 2018. On the basis of this standard, the necessary accounting adjustments have
been carried out to show a correct classification and valuation of the assets based on the bank’s
business model. The result has been: the transfer of certain equity and debt instruments classified
in the “Financial assets measured at fair value through changes in other comprehensive income”
portfolio to the new portfolio of “Assets not held for trading measured at fair value through profit
or loss”, and in the transfer of other debt instruments of the “Financial assets at amortised cost”
portfolio (which were fully provisioned) to the portfolio of “Assets not held for trading measured
at fair value through profit or loss.” The details of these transfers can be found in Note 1.4 of the
report of the Group to which Cecabank belongs.
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