Report the value of eligible approved subordinated debt, as determined in accordance with the approval letter received from the relevant regulatory authority.Subordinated debt is that debt which is ranked lower in priority than other senior debt, including policyholders. In the event of bankruptcy, subordinated debtholders receive payment only after senior debt claims are paid in full.The eligible amount is the quantum of the approved subordinated debt (as determined in accordance with the approval letter received from the relevant regulatory authority) that can be used in meeting the solvency/capital adequacy requirements of the reporting party.