# 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 347

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

In case of a sale of collateral for cash, the ‘ Outflow for which cash was collected ’ shall be equal to the sum of ‘ Cash collected net of costs ’ and ‘ Profits/(-) losses from sale of collateral obtained by taking possession ’ . ‘ Cash collected net of costs ’ shall mean the amount of cash received net of transaction costs, such as fees and commissions paid to agents, transfer taxes and duties. ‘ Profits/(-) losses from sale of collateral obtained by taking possession ’ shall mean the difference between the carrying amount of the collateral measured at the date of derecognition and the amount of cash received net of transaction costs. In case of replacement of collateral with financial instruments as described in paragraph 346 of this Part, the carrying amount of the financing granted shall be reported.

---
Source: https://www.legislation.gov.uk/eur/2014/680/annex/V/part/2/division/33/division/33.1/division/347 (the official version)
Page: https://openlegislation.uk/eu-regulation-2014-680/annex-V/part-2/division-33/division-33.1/division-347
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.