C — Identification of the counterparty (LE 1) COUNTERPARTY IDENTIFICATION Code Type of code Name National code Residence of the counter party Sector of the counterparty NACE code Type of counterparty 011 015 021 035 040 050 060 070EN L 97/ . 5. C – Identification of the counterparty (LE1). Instructions concerning specific columns Column Legal references and instructions 010-070 Counterparty Identification: Institutions shall report the identification of any counterparty for which information is being submitted in any of the templates C to C. The identification of the group of connected clients shall not be reported, unless the national reporting system provides a unique code for the group of connected clients. According to the third subparagraph of Article 394(1) CRR, institutions shall report the identification of the counterparty to which they have exposures of a value greater than or equal to EUR 300 million but less than 10 % of their Tier 1 capital. According to Article 394(1), point (a), CRR, institutions shall report the identification of the counterparty to which they have a large exposure as defined in Article 392 CRR. According to Article 394(2), point (a) CRR, institutions shall report the identification of the counterparty to which they have the largest exposures (in the cases where the counterparty is an institution or a shadow banking entity). 011 Code The code as part of a row identifier must be unique for each reported entity. For institutions and insurance undertakings, the code shall be the LEI code. For other entities the code shall be the LEI code, or if not available, a national code. The code shall be unique and used consistently across the templates and across time. The code shall always have a value. 015 Type of code The institutions shall identify the type of code reported in column 010 as a ‘LEI code’ or ‘Non-LEI code’. The type of code shall always be reported. 021 Name The name shall correspond to the name of the group whenever a group of connected clients is reported. In any other case, the name shall correspond to the individual counterparty. For a group of connected clients, the name that shall be reported shall be the name of the parent company or, when the group of connected clients does not have a parent, it shall be the group’s commercial name. 035 National code Institutions may additionally report the national code when they report LEI code as identifier in the ‘Code’ column. 040 Residence of the counterparty The ISO code -1-alpha-2 of the country of incorporation of the counterparty shall be used (including pseudo-ISO codes for international organisations, available in the last edition of the Eurostat’s ‘Balance of Payments Vademecum’) For groups of connected clients, no residence shall be reported. 050 Sector of the counterparty One sector shall be allocated to every counterparty on the basis of FINREP, Annex V, Part 1, paragraph 42, economic sector classes and splitting other financial corporations into investment firms and other financial corporations as follows: (i) Central Banks; (ii) General Governments;EN.  L 97/ Column Legal references and instructions (iii) Credit institutions; (iv) Investment firms as defined in Article 4(1)(2) CRR; (v) Other financial corporations (excluding investment firms); (vi) Non-financial corporations; (vii) Households. For groups of connected clients, no sector shall be reported. 060 NACE code For the economic sector, the NACE codes (Nomenclature statistique des activités économiques dans l’Union européenne = Statistical Classification of Economic Activities in the European Union) shall be used. This column shall apply only for the counterparties ‘Other financial corporations (excluding investment firms)’ and ‘Non-financial corporations’. NACE codes shall be used for ‘Non-financial corporations’ with one level detail (e.g. ‘F – Construction’) and for ‘Other financial corporations (excluding investment firms)’ with a two level detail, which provides separate information on insurance activities (e.g. ‘K65 – Insurance, reinsurance and pension funding, except compulsory social security’). The ‘Other financial corporations (excluding investment firms)’ and ‘Non-financial corporations’ economic sectors shall be derived from FINREP counterparty breakdown. For groups of connected clients, no NACE code shall be reported. 070 Type of counterparty Article 394(2) CRR The type of the counterparty of the ten largest exposures to institutions and the ten largest exposures to shadow banking entities shall be specified by using ‘I’ for institutions or ‘S’ for shadow banking entities, which carry out banking activities outside the regulated framework.