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1
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Could you please confirm - and amend if necessary - the locations where the local teams feeding the GEMs [...]
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Yes, that's correct.
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26/01/2016
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2
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Can we assume that the data in the GEMs risk database follow a common accounting standard (e.g. IAS / [...]
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The database structure doesn't follow any accounting standard as no financial items are included in the [...]
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26/01/2016
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3
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Does the EIB receive standardised and formatted data in its duty of data pooling of contributing members [...]
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The EIB receives standardized and formatted data from the different members according to the GEMs User [...]
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26/01/2016
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4
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How is the exchange of data with members carried out and managed prior and during the calibration cycle [...]
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The exchange of data is done via a web-based application developed in 2013 by IT for the data submission [...]
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26/01/2016
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5
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Could you please list the base accounting standards normally used by each consortium member prior conversion [...]
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The database structure doesn't follow any accounting standard as no financial items are included in the [...]
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26/01/2016
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6
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Which is the approximate split of the volume of the fed data into the GEMs risk database by each consortium [...]
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" As of end of 2014, the total number of counterparties in the GEMs database is of 7,368 , the total [...]
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26/01/2016
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7
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Could you please disclose the results of the second independent validation of the Consortium operations [...]
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The report on the results of the second independent validation will not be available due to the confidentiality [...]
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26/01/2016
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8
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Could you please disclose a copy of the GEMs methodology user guide? Or extracts of key principles that [...]
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It is not possible to disclose the GEMs User Guide at this stage of the process. However, upon signature [...]
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26/01/2016
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9
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Would use of our own secured IT platform be permissible in support for documentation, test execution [...]
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" Yes, subject to the signature of EIB's Terms and Conditions, in particular the Confidentiality clause [...]
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26/01/2016
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10
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Can we assume that access to the responsible teams (responsible for the overall GEMs process, i.e. data [...]
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On-site visits to all contributing members will be facilitated for consultants to check the data extraction [...]
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26/01/2016
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