EBU Single Rulebook Q&A 19 September 2019 2019_4923 C 32.02 - Prudent Valuation: Core approach (PRUVAL 2); column 0260 (DAY1 P&L) and C 32.03 - Prudent Valuation: Model Risk AVA (PRUVAL 3); column 150 (DAY1 P&L)

What sign convention is expected for “Day 1 P&L” amounts in templates C32.02 (column 0260) and C32.03 (column 150)? In the bank, almost all Day 1 P&L deferrals are losses in nature (equivalently asset value reducing). The instructions request institutions to provide “[…], the deferral of day one gains and losses” in column 0260 of template C32.02, however the sign convention is not specified.