# Commission Implementing Regulation (EU) No 680/2014 of 16 April 2014 laying down implementing technical standards with regard to supervisory reporting of institutions according to Regulation (EU) No 575/2013 of the European Parliament and of the Council (Text with EEA relevance), Division 343

Extent: E+W+S+N.I.

‘ Debt balance reduction ’ shall mean the gross carrying amount of the exposure that was derecognised from the balance sheet in exchange for the collateral obtained by taking possession, at the exact moment of the exchange, and the related impairments and negative changes in fair value due to credit risk accumulated at that point in time. Where, at the moment of exchange, a write-off was made, that amount shall be considered part of the debt balance reduction as well. Derecognitions from the balance sheet due to other reasons, such as cash collections, shall not be reported.

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Source: https://www.legislation.gov.uk/eur/2014/680/annex/V/part/2/division/33/division/33.1/division/343 (the official version)
Page: https://openlegislation.uk/eu-regulation-2014-680/annex-V/part-2/division-33/division-33.1/division-343
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.