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Document 02007O0009-20130503
Guideline of the European Central Bank of 1 August 2007 on monetary, financial institutions and markets statistics (recast) (ECB/2007/9) (2007/830/EC)
Consolidated text: Guideline of the European Central Bank of 1 August 2007 on monetary, financial institutions and markets statistics (recast) (ECB/2007/9) (2007/830/EC)
Guideline of the European Central Bank of 1 August 2007 on monetary, financial institutions and markets statistics (recast) (ECB/2007/9) (2007/830/EC)
ELI: http://data.europa.eu/eli/guideline/2007/830/2013-05-03
2007O0009 — EN — 03.05.2013 — 005.001
This document is meant purely as a documentation tool and the institutions do not assume any liability for its contents
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GUIDELINE OF THE EUROPEAN CENTRAL BANK of 1 August 2007 on monetary, financial institutions and markets statistics (recast) (ECB/2007/9) (OJ L 341, 27.12.2007, p.1) |
Amended by:
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Official Journal |
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date |
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GUIDELINE OF THE EUROPEAN CENTRAL BANK ECB/2008/31 of 19 December 2008 |
L 53 |
76 |
26.2.2009 |
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GUIDELINE OF THE EUROPEAN CENTRAL BANK ECB/2009/23 of 4 December 2009 |
L 16 |
6 |
21.1.2010 |
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GUIDELINE OF THE EUROPEAN CENTRAL BANK ECB/2011/13 of 25 August 2011 |
L 228 |
37 |
3.9.2011 |
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GUIDELINE OF THE EUROPEAN CENTRAL BANK ECB/2012/18 of 2 August 2012 |
L 218 |
20 |
15.8.2012 |
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L 95 |
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5.4.2013 |
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Corrected by:
GUIDELINE OF THE EUROPEAN CENTRAL BANK
of 1 August 2007
on monetary, financial institutions and markets statistics (recast)
(ECB/2007/9)
(2007/830/EC)
THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,
Having regard to the Statute of the European System of Central Banks and of the European Central Bank, and in particular Articles 5.1, 12.1 and 14.3 thereof,
Having regard to Regulation ECB/2001/13 of 22 November 2001 concerning the consolidated balance sheet of the monetary financial institutions sector ( 1 ),
Having regard to Regulation ECB/2003/9 of 12 September 2003 on the application of minimum reserves ( 2 ),
Having regard to Regulation ECB/2001/18 of 20 December 2001 concerning statistics on interest rates applied by monetary financial institutions to deposits and loans vis-à-vis households and non-financial corporations ( 3 ),
Having regard to Regulation ECB/2007/8 concerning statistics on the assets and liabilities of investment funds ( 4 ),
Having regard to Council Regulation (EC) No 2533/98 of 23 November 1998 concerning the collection of statistical information by the European Central Bank ( 5 ),
Having regard to Council Directive 86/635/EEC of 8 December 1986 on the annual accounts and consolidated accounts of banks and other financial institutions ( 6 ),
Having regard to Guideline ECB/2002/10 of 5 December 2002 on the legal framework for accounting and financial reporting in the European System of Central Banks ( 7 ),
Having regard to Annex A to Council Regulation (EC) No 2223/96 of 25 June 1996 on the European system of national and regional accounts in the Community (ESA 95) ( 8 ),
Whereas:|
(1) |
Guideline ECB/2003/2 of 6 February 2003 concerning certain statistical reporting requirements of the European Central Bank and the procedures for reporting by the national central banks of statistical information in the field of money and banking statistics has been significantly amended on several occasions. Now that new amendments are being made to the said Guideline it should be recast in the interests of clarity and transparency. |
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(2) |
For compiling country-by-country and euro area aggregated balance sheets of the monetary financial institution (MFI) sector, the euro area consolidated balance sheet of the MFI sector and the relevant euro area monetary aggregates, the European Central Bank (ECB) requires an ECB balance sheet, balance sheets from national central banks (NCBs) and from MFIs other than NCBs (hereinafter ‘other MFIs’) of Member States that have adopted the euro (hereinafter ‘participating Member States’). |
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(3) |
Regulation ECB/2007/8 concerning statistics on the assets and liabilities of investment funds (8) (IFs) establishes that the stocks of IFs’ securities with publicly available identification codes must be reported on a security-by-security (s-b-s) basis under the combined approach. The NCBs need to classify and aggregate these data. |
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(4) |
A functioning centralised securities database (CSDB) or compatible national securities database is considered essential for the classification of statistics on IFs’ assets and liabilities. |
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(5) |
Country-specific and comparative data on payment statistics and instruments used in Member States that have adopted the euro are essential for identifying and monitoring developments, including the extent of integration of their payment systems, |
HAS ADOPTED THIS GUIDELINE:
Article 1
Scope
1. General
This Guideline establishes the NCBs’ obligations to report monetary, financial institutions and markets statistics to the ECB.
2. Reporting schemes, standards and transmission dates
NCBs shall report the items referred to in Articles 3 to 18 in accordance with the schemes set out in Annex III and in accordance with the electronic reporting standards laid down in Annex IV to this Guideline. By September of each year, the ECB shall communicate the exact transmission dates to NCBs in the form of a reporting calendar for the following year.
3. Back data reporting requirements
Only the reporting set out in Articles 3, 6, 7, 10, 11, 14 to 17 and 18a is subject to back data reporting requirements.
(a) Without prejudice to point (b), the following rules shall apply in cases of accession to the European Union and/or adoption of the euro:
(i) NCBs of Member States that joined the EU in May 2004 shall report back data to the ECB covering at least the period from 2004;
(ii) NCBs of Member States that joined the EU before May 2004, but have not adopted the euro at the date of entry into force of this Guideline, shall report back data to the ECB covering at least the period from 1999 and the period from 2003 for MFI interest rate statistics (hereinafter ‘MIR statistics’);
(iii) NCBs of Member States that joined the EU after May 2004 shall report back data to the ECB covering at least the previous three years;
(iv) In respect of positions vis-à-vis Member States that adopt the euro following the entry into force of this Guideline, NCBs of participating Member States shall report back data to the ECB covering at least the period: (1) from 1999, if the Member State joined the EU before May 2004; or (2) from 2004, if the Member State joined the EU in May 2004; or (3) covering the previous three years, if the Member State joined the EU after May 2004. This principle shall apply only to statistics for which data broken down by counterpart country are also collected.
(b) The following rules shall apply:
(i) for money market funds (MMFs) transmission of back data to the ECB shall follow the reporting practice of NCBs applied under this Guideline up to end-2008. Without prejudice to Article 10, NCBs which were reporting credit institution balance sheets may transmit MMF balance sheet data for reference periods prior to end-December 2008 on a voluntary basis; NCBs which were reporting quarterly MMF balance sheet data in accordance with the reduced reporting requirements, or which were reporting neither credit institution nor MMF balance sheet data shall transmit historical MMF data starting at least at the time of joining the euro area, but in any case no earlier than the reference period end-September 1997, where these data are available;
(ii) for loans to non-financial corporations broken down by branch of activity following the statistical classification of economic activities in the European Community — NACE Rev.2, back data, where available, shall be transmitted to the ECB as follows: (a) NCBs shall transmit back data as from March 2003; (b) in the case of Member States which joined the euro area after that date, NCBs shall transmit back data for at least two years before the entry into the euro area;
(iii) for other financial intermediaries (OFIs), back quarterly data shall be transmitted to the ECB starting with those for the first available reference period, at least starting with the data for the fourth quarter of 1998 as the reference period;
(iv) for securities, the time series transmitted to the ECB shall commence in December 1989 for outstanding amounts and January 1990 for flows;
(v) for payments statistics, five years of data shall be reported including the latest reference year, on a best effort basis.
Article 2
Definitions
For the purposes of this Guideline:
1. ‘resident’ has the same meaning as defined in Article 1 of Council Regulation (EC) No 2533/98;
2. ‘Eurosystem’ means NCBs of participating Member States and the ECB;
3. ‘credit institution’ has the same meaning as in Section I.2 of Part 1 of Annex I to Regulation ECB/2001/13.
Article 3
Balance sheet item statistics on monetary financial institutions
1. Scope of reporting
(a) General
NCBs shall compile and report two separate aggregated balance sheets, both on a gross basis, in accordance with Regulation (EC) No 25/2009 (ECB/2008/32): one referring to the MFI sub-sector ‘central bank’ and one referring to the sub-sector ‘other MFIs’.
NCBs shall derive the required statistical information concerning their own central bank balance sheet from their accounting system by means of the bridging tables set out in Annex I. The ECB, for statistical reporting purposes, shall derive data from its own balance sheet, corresponding to the data derived by the NCBs from their own balance sheets.
NCBs shall derive the required statistical information concerning the other MFIs’ bank balance sheet by aggregating the balance sheet items (BSI) data collected from resident individual MFIs excluding the resident NCB.
These requirements shall cover end-month and end-quarter outstanding amounts ( 9 ) (stocks), monthly and quarterly flow adjustments data, and data on loan securitisations and other loan transfers.
NCBs shall report statistical information on balance sheet items in accordance with Part 1 of Annex III.
(b) Flow adjustments
NCBs shall report to the ECB data for monthly and quarterly reclassification adjustment series and revaluation adjustment series, in accordance with Annex V to this Guideline.
The ECB shall calculate flows ( 10 ) by taking the difference between end-month stocks and then removing those effects that do not arise from transactions. It shall remove non-transaction developments by means of flow adjustments. Three types of flow adjustments are:
— revaluations adjustments: these shall reflect the impact of write-offs or write-downs of loans and of fluctuations in the market price of the outstanding stock of marketable securities held, sold or issued,
— reclassifications and other adjustments: these shall comprise all changes in the balance sheet stocks that arise due to: (i) an alteration in statistical coverage of the MFI population ( 11 ), (ii) the reclassification of assets or liabilities, or (iii) reporting errors that have been corrected in the stocks only over a limited time range and effects of changes in structure ( 12 ),
— exchange rate adjustments: these shall comprise any change in the stock position due to the impact of exchange rate movements on assets and liabilities denominated in foreign currency. The ECB shall calculate exchange rate adjustments using currency proportions derived from the breakdown of assets and liabilities into major currencies that are available in Table 4 in Part 2 of Annex I to Regulation ECB/2001/13.
2. Reporting frequency and deadline
NCBs and the ECB’s Directorate Internal Finance shall report to the ECB the monthly BSI stock and adjustments data by close of business on the 15th working day following the end of the month to which the data relate.
NCBs and the ECB’s Directorate Internal Finance shall report to the ECB the quarterly BSI stock and adjustments data by close of business on the 28th working day following the end of the quarter to which they relate.
3. Revision policy
NCBs may need to revise the data referring to the last period prior to the current reference period. In addition, revisions referring to data prior to the last period prior to the reference month may also occur, arising from, for example, mistakes, reclassifications, improved reporting procedures, etc. The ECB may process exceptional and ordinary revisions simultaneously or decide to postpone the processing of exceptional revisions until after the monthly production period for monetary aggregates.
The revision policy shall comply with the principles in the ECB’s Money and Banking Statistics Compilation Guide ( 13 ). To ensure a good balance between the quality of monetary statistics and their stability, and to enhance the consistency between the monthly and the quarterly statistics, exceptional revisions to the monthly data shall be submitted at the time of submitting the quarterly statistics.
4. Grossing-up
(a) Composition of the ‘tail’
Where NCBs grant derogations to MMFs in accordance with Article 8(1)(a) of Regulation (EC) No 25/2009 (ECB/2008/32), NCBs shall ensure that their combined contribution to the total national MMF balance sheet does not exceed:
(i) 10 % in each participating Member State where the national MMF balance sheet accounts for more than 15 % of the total MMF balance sheet of the euro area;
(ii) 30 % in all other participating Member States, except for those where the national MMF balance sheet accounts for less than 1 % of the total MMF balance sheet of the euro area, in which case no specific restriction in the allocation of MMFs to the tail shall apply.
(b) Minimum standards for grossing-up
Where NCBs grant derogations to MFIs in accordance with Article 8(1)(a) and/or (d) of Regulation (EC) No 25/2009 (ECB/2008/32), NCBs shall gross up to 100 % coverage for these MFIs in the compilation of the monthly and quarterly MFI balance sheet data reported to the ECB. NCBs may choose the procedure for grossing up to 100 % coverage, provided it fulfils the following minimum standards:
(i) for missing breakdowns data, estimates shall be derived by applying ratios based on a sub-set of the actual reporting population considered to be more representative of the ‘tail’ as follows:
— NCBs of Member States whose contribution to the aggregated MFI balance sheet of the euro area is larger than 2 % shall determine this sub-set so that the total balance sheet of the entities in the sub-set does not exceed 35 % of the national aggregated MFI balance sheet. This requirement shall not apply when the balance sheets of the institutions to which the derogations are granted account for less than 1 % of the national MFI balance sheet,
— NCBs of Member States whose contribution to the total aggregated MFI balance sheet of the euro area is less than 2 % are encouraged to follow the same arrangement. However, should significant costs be involved, NCBs in these Member States may apply ratios based on the reporting population instead;
(ii) in applying point (i), both the ‘tail’ and the sub-set of the actual reporting population may be subdivided in different groups according to the type of institution (e.g. MMFs or credit institutions);
(iii) whenever the contribution of MMFs that only report their total assets once a year exceeds 30 % of the total MMF balance sheet in any given Member State, NCBs shall gross up the data reported by MMFs and credit institutions separately as follows:
— if sufficient coverage exists from MMF that are full reporters, their aggregated balance sheet shall be used as the basis for grossing-up,
— if the coverage from MMF that are full reporters is insufficient or there are no MMF that are full reporters, NCBs shall estimate a balance sheet for the MMF sector from alternative data sources, at least once a year, and use it as the basis for grossing up;
(iv) where the breakdowns data are available, but with a longer delay or at a lower frequency, reported data shall be carried forward into the missing periods by:
— repeating the data when the results have proven to be adequate, or
— applying appropriate statistical estimation techniques to take into account trends in the data or seasonal patterns;
(v) ratios or any other intermediate calculation required to implement the minimum standards for grossing up may be derived from data obtained from supervisory authorities whenever a reliable link can be established between the statistical breakdown to be grossed up and such data.
(c) Communication of significant changes
NCBs shall inform the ECB of any significant changes in their grossing-up procedures.
5. Valuation and/or accounting rules
In compiling the central bank balance sheet, the NCBs and the ECB shall follow the harmonised accounting rules in Guideline ECB/2002/10, except:
(a) where NCBs and the ECB are required for accounting purposes to revalue their securities portfolio on a monthly rather than quarterly basis;
(b) for accounting items 9.5 ‘other claims within the Eurosystem (net)’ and 10.4 ‘other liabilities within the Eurosystem (net)’, which shall be reported on a gross basis;
(c) for accounting item 14 ‘revaluation accounts’, which shall be reported on a gross basis for accounting purposes and on a net basis for statistical purposes;
(d) for unrealised losses, which shall be reported under item 11 ‘other assets’.
The valuation and/or accounting rules in Regulation ECB/2001/13 shall apply to ‘other MFIs’.
6. Explanatory notes
NCBs shall submit explanatory notes explaining the reasons for significant revisions and for exceptional revisions.
In addition, the NCBs shall provide the ECB with explanatory notes concerning adjustments in ‘reclassifications and other adjustments’ in accordance with the procedures set out in Part 2 of Annex V to this Guideline.
Article 4
Monitoring consistency
1. Scope of reporting
NCBs and the ECB shall monitor the consistency between their respective end-month aggregated balance sheet for statistical purposes as reported under Regulation ECB/2001/13 and their accounting items as reported for the Eurosystem’s weekly financial statement under Guideline ECB/2002/10. They shall follow the procedure set out in Annex II to this Guideline.
2. Reporting frequency and deadline
NCBs and the ECB shall perform these consistency checks monthly. They shall report their outcome to the ECB before or together with the BSI data, by the 15th working day after the end of the reference period in accordance with the yearly calendar laid down by the ECB and communicated to the NCBs by the end of September each year. In reporting periods where the dates of their Eurosystem end-month aggregated balance sheet for statistical purposes and its accounting items as reported for the Eurosystem’s weekly financial statement do not coincide, NCBs may compare the statistical data with the daily balance sheet produced for the last working day of the month. As the compiler of its own balance sheet, the ECB shall follow the same procedure.
3. Explanatory notes
NCBs and the ECB shall send the Monetary, Financial Institutions and Markets Statistics Division explanatory notes for any discrepancies identified: full explanatory notes and simplified explanatory notes. A full explanatory note shall be compiled only once a year by a date set by the ECB with the information set out in Part 3 of Annex II to this Guideline. For the other months, they shall only complete simplified explanatory notes according to the template set out in Part 2 of Annex II to this Guideline. All NCBs and the ECB shall send full explanatory notes at the same time.
Article 5
Statistics on electronic money
(a) Monthly or quarterly statistical reporting requirements on electronic money issued by MFIs that have not been granted a derogation under Article 8(1) of Regulation (EC) No 25/2009 (ECB/2008/32)
1.
The ECB, in cooperation with the NCBs, shall identify and record on a yearly basis the features of electronic money schemes in the EU, the availability of the statistical information concerned and the compilation methods related to it. NCBs shall report statistical information on electronic money issued by all MFIs that have not been granted a derogation under Article 8(1) of Regulation (EC) No 25/2009 (ECB/2008/32), in accordance with the list of items in Table 1 of Part 2 of Annex III to this Guideline.
2.
Monthly or quarterly data shall be reported to the ECB at least twice a year by the last working day of April (up to end March data) and October (up to end September data). According to the NCBs’ data availability, more frequent data transmissions may take place at a monthly or quarterly frequency by the last working day of the month following the end of the reference period. In the absence of data, NCBs shall use estimates or provisional data where possible.
(b) Annual statistical reporting requirements on electronic money issued by all electronic money institutions that are not credit institutions or by small MFIs that have been granted a derogation under Article 8(1) of Regulation (EC) No 25/2009 (ECB/2008/32)
1.
This reporting shall cover electronic money institutions principally engaged in financial intermediation in the form of issuing electronic money, that thus fulfil the MFI definition, and electronic money institutions not principally engaged in financial intermediation in the form of issuing electronic money, that thus do not fulfil the MFI definition. This reporting shall also include reporting from small MFIs that have been granted a derogation under Article 8(1) of Regulation (EC) No 25/2009 (ECB/2008/32), regardless of whether they are or not credit institutions.
NCBs shall report statistical information in accordance with the list of items in Table 2 of Part 2 of Annex III to this Guideline. Data of issuers of electronic money that do not fulfil the MFI definition and which are hence not subject to regular BSI statistical reporting requirements shall be reported, to the extent that NCBs can obtain them from their respective supervisory authorities or other suitable sources.
2.
The series shall be reported annually to the ECB, by the last working day of the month following the end of the reference period. In the absence of data, NCBs shall use estimates or provisional data where possible.
Article 6
Central government balance sheet statistics
1. Scope of reporting
(a) General
The NCBs shall report statistical information on central government deposit liabilities, i.e close substitutes for deposit liabilities, and holdings of cash and securities in accordance with Part 3 of Annex III to this Guideline.
No reporting shall be required on de minimis grounds where the phenomenon does not exist or is insignificant. The item ‘euro banknotes and coins held by the central government’ shall be reported as a high priority memorandum item. Estimates obtained by using available data, such as monetary union financial accounts (MUFA) annual and/or quarterly data, may be submitted.
(b) Flow adjustments
Flow adjustments data shall be reported in accordance with Article 3(1)(b) of this Guideline.
2. Reporting frequency and deadline
The series shall be reported on a monthly basis and with the same timeliness as that specified in Article 3(2) for the monthly BSI statistics.
Article 7
Memorandum items
1. Scope of reporting
(a) General
To the extent that data are available, including on a best estimate basis, or that the business concerned is significant from a monetary point of view, the NCBs shall report further statistical information in accordance with the list of memorandum items set out in Part 4 of Annex III to this Guideline as a supplement to and with the same frequency as the BSI statistics specified in Article 3(2). The ECB, in cooperation with the NCBs, shall identify and record the availability of the statistical information concerned and the compilation methods related to it. High priority memorandum items, shown as bold cells, represent information needed for the compilation of euro area monetary aggregates and MUFA.
Subject to agreement between the ECB and the NCB, cells in bold with an arrow (↑) may not be reported by the NCBs where alternative data sources are used by the ECB.
With reference to cells corresponding to Member States that have not adopted the euro in Tables 3 and 4 in Part 2 of Annex I to Regulation ECB/2001/13, if figures collected at higher level show that they are insignificant, NCBs may decide not to require their full reporting. In such a case, NCBs shall assess at regular intervals, and at least once a year, whether or not data in respect of the cells corresponding to Member States that have not adopted the euro are significant, and inform the ECB and the MFIs of any change in the reporting requirements in respect of the said cells. Where data in respect of cells corresponding to Member States that have not adopted the euro are insignificant and NCBs do not to require their full reporting, they shall estimate the data using existing information, in accordance with the methods set out below, and report them as memorandum items with a quarterly frequency.
(b) Flow adjustments
Flow data may be provided subject to bilateral agreement between the ECB and the NCB. Flow adjustments data shall be reported in accordance with Article 3(1)(b) of this Guideline.
2. Reporting frequency and deadline
The series shall be reported at monthly frequency for the items of Sections 1 and 2 of Part 4 of Annex III to this Guideline or at quarterly frequency for the items of Section 3 of Part 4 of Annex III to this Guideline and with the same timeliness as the mandatory monthly and quarterly MFI balance sheet statistics in accordance with Regulation ECB/2001/13.
Data referring to cells corresponding to Member States that have not adopted the euro of Tables 3 and 4 of Part 2 of Annex I to Regulation ECB/2001/13, when estimated by the NCBs and reported as memorandum items, may be reported to the ECB with a delay of a further one month from the close of business on the 28th working day following the end of the quarter to which they relate.
3. Valuation and/or accounting rules
Memorandum items required under this Article shall be reported following the same valuation and accounting rules as for the data reported in accordance with Regulation ECB/2001/13.
4. Methods of estimation
With reference to Tables 3 and 4 of Part 2 of Annex I to Regulation ECB/2001/13, where data in respect of cells corresponding to Member States that have not adopted the euro are not required by the NCBs, they shall be estimated in accordance with the standards below.
Where NCBs estimate the data using existing information, they shall report these data to the ECB as memorandum items. The following methods of estimation shall be used unless agreed otherwise with the ECB:
— the quarterly figures shall be estimated on the basis of data reported by MFIs at lower frequency. The data shall be carried forward into the missing period(s), by repeating them or applying appropriate statistical techniques to reflect any trend in the data or seasonal pattern,
— the quarterly figures shall be estimated on the basis of data reported by MFIs on a more aggregated basis, or on the basis of specific breakdowns that the NCBs consider meaningful,
— the quarterly figures shall be estimated on the basis of quarterly data collected from large MFIs responsible for at least 80 % of the business with the countries that acceded to the EU on 1 May 2004,
— the quarterly figures shall be estimated on the basis of alternative data sources such as Bank for International Settlements or balance of payments data, after any necessary adjustment required due to differing concepts and definitions used in such alternative sources compared with those used in monetary and financial statistics, or
— the quarterly figures shall be estimated on the basis of data for the countries that acceded to the EU on 1 May 2004 reported quarterly by MFIs as a single total.
Article 8
Reserve base statistics
1. Scope of reporting
Monthly statistics on the aggregated reserve base, broken down according to type of liability, shall be calculated as end-month stocks in accordance with Regulation ECB/2003/9 and with the categories set out in Regulation ECB/2001/13. Data to produce these statistics in accordance with Part 5 of Annex III to this Guideline shall be drawn from the data that credit institutions subject to minimum reserve requirements submit to NCBs.
2. Reporting frequency and deadline
The reserve base statistics shall comprise six time series for credit institutions, referring to month-end stock figures to be transmitted to the ECB monthly, at the latest by the NCB working day preceding the start of the reserve maintenance period, via the ESCB data exchange system. Credit institutions in the tail shall report to the NCBs a limited breakdown on a quarterly basis. For these tail credit institutions, simplified reserve base statistics shall be used for the three reserve maintenance periods. NCBs shall use the quarterly reserve base data from the credit institutions in the tail for the monthly figures reported to the ECB in the three data transmissions following their release.
3. Revision policy
Revisions by the reporting institutions to the reserve base and/or reserve requirements that occur after the maintenance period has started may not lead to revisions to the statistics on the reserve base and on the reserve requirements.
Article 9
Macro ratio statistics
1. Scope of reporting
The ECB shall monitor on a monthly basis, using end-month statistical information that credit institutions submit to NCBs in accordance with Regulation ECB/2001/13, the accuracy of the current standardised deductions from the reserve base that credit institutions may apply to the outstanding amount of their debt securities issued with an agreed maturity of up to two years. NCBs shall compile the required aggregates in accordance with Part 6 of Annex III to this Guideline and report them to the ECB.
2. Reporting frequency and deadline
The three time series for the credit institutions, referring to month-end stocks figures, shall be transmitted to the ECB monthly, at the latest by the NCB working day preceding the start of the maintenance period.
These series shall be transmitted even if the related balance sheet items do not apply in the Member State.
Article 10
Money market funds balance sheet statistics
1. Scope of reporting
(a) General
NCBs shall report to the ECB separate balance sheet items data for the MMF sector in accordance with Tables 1 and 2 in Part 7 of Annex III. The data are used by the ECB to compile both MMF and credit institution balance sheet statistics. Since data on the entire MFI sector are already reported in accordance with Regulation (EC) No 25/2009 (ECB/2008/32), the requirements set out in this Article shall apply only to MMFs. Although in some Member States a small number of other institutions are classified as MFIs, these institutions shall be considered insignificant from a quantitative perspective.
(b) Flow adjustments
Reclassification and revaluation adjustments data as referred to Table 1 in Part 7 of Annex III shall be reported in accordance with Article 3(1)(b), taking into account any derogations granted under Article 8(2) of Regulation (EC) No 25/2009 (ECB/2008/32). Where reporting of revaluation adjustments is subject to a derogation granted by NCBs to MMFs under Regulation (EC) No 25/2009 (ECB/2008/32), NCBs shall report, for items in respect of which revaluation adjustments can be significant, data on a best effort basis.
2. Reporting frequency and deadline
Data shall be reported quarterly within 28 working days from the end of the reference period.
3. Grossing-up
The data reported in respect of the MMFs’ balance sheet shall cover 100 % of the institutions classified in this sector. Where the actual reporting coverage is less than 100 % due to the application of the cutting-off-the-tail, NCBs shall gross up the data supplied in accordance with Article 3(4)(b) to ensure 100 % coverage.
4. Revision policy
NCBs which were reporting credit institutions balance sheets for periods prior to end-December 2008 shall transmit revisions to MMF data in accordance with Tables 1 and 2 in Part 7 of Annex III. Any revisions to MMF data shall be consistent with the corresponding end of quarter other MFI data.
In the event that transmission of new or revised MMF data implies changes to the data for the corresponding other MFI reference period, required revisions for other MFI data shall also be transmitted.
Article 11
Structural financial indicators
1. Scope of reporting
(a) General
NCBs shall report balance sheet data on other structural financial indicators in accordance with Part 8 of Annex III to this Guideline.
NCBs shall provide data in respect of the 18 indicators specified in Part 8 of Annex III to this Guideline in accordance with the conceptual and methodological rules set out therein. The statistical principles adopted for the compilation of BSI statistics shall be followed, namely:
(i) data shall be aggregated, not consolidated; and
(ii) the residency principle shall follow the ‘host country approach’; and
(iii) balance sheet data shall be reported on a gross basis.
(b) Flow adjustments
Flow adjustments data shall be reported in accordance with Article 3(1)(b) of this Guideline.
2. Reporting frequency and deadline
Data to calculate structural financial indicators on credit institutions shall be reported by the end of March of each year with reference to the previous year. The indicator ‘Number of employees of CIs’ shall be provided, if possible, by the end of May each year with reference to the previous year.
3. Revision policy
NCBs shall apply the following general principles when revising the reported data:
(a) during all regular annual data transmissions, in addition to the latest year, ordinary revisions to the previous year’s data and exceptional revisions shall be sent as necessary; and
(b) exceptional revisions which significantly improve the quality of the data may be sent during the year.
4. Grossing-up
Collected data shall cover 100 % of the institutions defined as credit institutions in accordance with Section I.2 of Part 1 of Annex I to Regulation ECB/2001/13. Where the actual reporting coverage is less than 100 % due to application of the cutting-off-the-tail principle, NCBs shall gross up the data supplied in accordance with Article 3(4) of this Guideline to ensure 100 % coverage.
5. Explanatory notes
The NCBs shall report to the ECB any deviation from the definitions and the rules above to allow monitoring of national practice. NCBs shall submit explanatory notes explaining the reasons for significant revisions.
Article 12
Data for International Monetary Fund purposes
1. Scope of reporting
Without prejudice to NCBs’ statutory obligations vis-à-vis the International Monetary Fund (IMF), NCBs may transmit supplementary MFI balance sheet items statistics to the IMF via the ECB in accordance with the following technical arrangements.
2. Reporting frequency and deadline
MFI balance sheet items according to Part 9 of Annex III to this Guideline shall be transmitted by the NCBs to the ECB within the framework of the monthly regular transmission of BSI data. The data transmissions shall coincide with the regular BSI data reporting to the ECB, which takes place on the 15th working day following the end of the month to which the data refer, in accordance with Article 3(2) of this Guideline. The frequency and timeliness for high priority memorandum items laid down in Article 7(2) of this Guideline shall also apply to the series defined here.
▼M2 —————
Article 14
Other financial intermediaries’ statistics (except investment funds and financial vehicle corporations)
1. Scope of reporting
(a) General
NCBs shall report statistical information on other financial intermediaries (OFIs) (except investment funds and financial vehicle corporations engaged in securitisation transactions (FVCs)) in accordance with Part 11 of Annex III. Data shall be transmitted separately for the following sub-categories of OFIs: (i) securities and derivatives dealers (SDDs); (ii) financial corporations engaged in lending (FCLs); and (iii) other OFIs.
Data relating to OFIs shall be transmitted on the basis of data currently available at national level. Where actual data are unavailable or cannot be processed, national estimates shall be provided. Where the underlying economic phenomenon exists but is not monitored statistically and therefore national estimates cannot be provided, NCBs may choose either not to report the time series or to report it as missing. Any unreported time series shall therefore be interpreted as ‘data that exist but are not collected’ and the ECB may make assumptions and estimates for the purpose of compiling euro area aggregates. The reference reporting population shall comprise all types of OFIs resident in the participating Member States: institutions located in the territory, including subsidiaries of parent companies located outside that territory, and resident branches of institutions that have their head office outside that territory.
The following key indicators and supplementary information shall be provided:
— key indicators to be transmitted for the compilation of euro area aggregates: all participating Member States shall transmit these detailed data when actual data are available. When no actual data are available for the required breakdowns or for the agreed frequency, timeliness or time range, estimates shall be provided if feasible,
— supplementary information to be transmitted as ‘memo items’: these data shall be transmitted by countries for which this information is currently available.
(b) Flow adjustments
Flow adjustment data may be reported in the case of significant breaks in stocks or when reclassifications and other adjustments occur. In particular, flow adjustment data may be provided due to reclassifications in the context of the implementation of the ESA 95 framework.
Reclassification adjustments shall be reported in accordance with Article 3(1)(b).
2. Reporting frequency and deadline
The reporting frequency to the ECB shall be quarterly. OFI statistics shall be transmitted to the ECB at the latest on the last calendar day of the third month following the end of the reference period, or on the preceding NCB working day if the last calendar day of the month is not an NCB working day. The exact transmission dates shall be communicated to NCBs in advance in the form of a reporting calendar provided by the ECB by September each year.
3. Revision policy
NCBs may need to revise data transmitted during the previous quarter. In addition, revisions to data on earlier quarters may also occur.
The following general principles shall apply:
(a) on the occasion of all regular quarterly data transmissions, in addition to the data on the latest quarter, only ‘ordinary’ revisions, i.e. revisions to the data transmitted the previous quarter, may be sent; and
(b) exceptional revisions shall be limited and reported on a different date from the regular reporting. Minor routine historical revisions to the data shall only be sent on a yearly basis, together with the transmission of data for the fourth quarter; and
(c) exceptional revisions that significantly improve the quality of the data may be sent during the year outside the regular production cycles.
4. Valuation and/or accounting rules
Accounting rules followed by OFIs in drawing up their accounts shall comply with the national transposition of Directive 86/635/EEC and any other international standards applicable. Without prejudice to the prevailing accounting practices in Member States, all assets and all liabilities are to be reported on a gross basis for statistical purposes. The valuation methods are indicated under the relevant categories.
5. Explanatory notes
NCBs shall provide explanatory notes to the ECB in accordance with Section 3 of Part 11 of Annex III to this Guideline. NCBs shall provide explanatory notes for significant revisions.
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Article 15
Securities issues statistics
1. Scope of reporting
NCBs shall report statistical information covering all securities issues by euro area residents in any currency, both domestic and international, in accordance with Part 12 of Annex III to this Guideline.
2. Reporting frequency and deadline
Reporting to the ECB shall be monthly. Securities issues statistics shall be transmitted to the ECB no later than five weeks after the end of the months to which the data relate. The ECB shall communicate the exact transmission dates to the NCBs in advance in the form of a reporting calendar.
3. Explanatory notes
NCB shall provide explanatory notes to the ECB as provided for in Section 3 of Part 12 of Annex III to this Guideline.
Article 16
MFI interest rate statistics
1. Scope of reporting
For the purposes of MIR statistics, NCBs shall report aggregated national monthly statistics relating to outstanding amounts and new business as specified in Appendices 1 and 2 of Annex II to Regulation (EC) No 63/2002 (ECB/2001/18). In addition, NCBs shall report aggregated national monthly statistical information relating to new business as specified in Part 12a of Annex III.
If the derogation provided for in paragraph 61 of Annex II to Regulation (EC) No 63/2002 (ECB/2001/18) in conjunction with Annex IV to Regulation (EC) No 63/2002 (ECB/2001/18) is granted, NCBs shall submit the items to which the derogation has been granted without values, indicating that the data have not been collected.
2. Reporting frequency and deadline
This statistical information shall be reported in accordance with the yearly calendar laid down by the ECB and communicated to the NCBs by the end of September each year.
3. Revision policy
NCBs may need to revise the previous reference month's values. Revisions arising from, for example, mistakes, reclassifications, improved reporting procedures etc. applied to data prior to the previous reference month may also occur.
They shall apply the following general principles:
(a) where NCBs revise the data for the period prior to the previous reference month they shall submit explanatory notes to the ECB; and
(b) NCBs shall also provide explanatory notes for significant revisions; and
(c) in transmitting revised data, NCBs shall take into account the established timeliness of regular reporting of MIR statistics. Exceptional revisions shall be reported outside the monthly production periods.
4. Grossing-up
Where the actual MIR reporting coverage is less than 100 % due to application of sampling, NCBs shall gross up the new business volumes data supplied to ensure 100 % coverage.
Article 17
Payments statistics
1. Scope of reporting
NCBs shall report statistical information on payments in accordance with Part 13 of Annex III to this Guideline. This shall comprise: (i) data on payment transactions and structure, as contained in Tables 4 to 9; and (ii) related information on MFI’s and credit institutions’ balance sheet items and structural information on credit institutions, as contained in Tables 1 to 3.
Stocks data shall be reported for all items in Tables 1 to 4 and 7. All stocks shall refer to end-period figures, except for the items in Table 2 with the reference ‘average for the last reserve maintenance period’. Gross flows shall be reported for items in Tables 5, 6, 8 and 9, which consist of data on payment transactions.
NCBs shall report historical information for all items.
2. Reporting frequency and deadline
The series shall be reported annually to the ECB, regardless of the data frequency. The data frequency shall be annual for all items in Tables 4 to 9. The MFI balance sheet information in Table 1 shall be monthly. The credit institutions’ balance sheet information contained in Tables 2 and 3 shall be quarterly except for items referring to positions with the NCB and electronic money institution items, which shall be annual. Structural information on credit institutions contained in Table 3 shall be annual. For Tables 1 to 3, if the availability of data is severely restricted, NCBs may transmit a minimum set of data to ensure a timely and valid publication.
The minimum set of data shall include:
— monthly series: one observation relating to end-December positions,
— quarterly series: one observation relating to the fourth quarter of the year,
— annual series: one observation relating to end-December positions.
The ECB shall communicate to the NCBs for each year the precise dates for the data submission in the production round. NCBs may transmit actual data either prior to the production round, subject to the ECB’s confirmation of its readiness to receive data, or at any other times during production rounds.
In the absence of actual data, NCBs shall use estimates or provisional data where possible.
3. Revision policy
The data providers or the NCBs may perform revisions based on recalculations or on estimates. NCBs shall transmit revisions to the ECB as part of the production round.
4. Explanatory notes
The ECB shall send to NCBs the previous year’s explanatory notes in Word format, prior to the start of the production round, which shall be completed and/or corrected and returned to the ECB. In these explanatory notes, NCBs shall explain deviations from the requirements in detail, if possible including the impact on the data.
Article 18
Statistics on IFs’ assets and liabilities
1. Scope of reporting
(a) General
NCBs shall report statistical information on IF assets and liabilities in accordance with Part 14 of Annex III to this Guideline, for each of the following sub-sectors: equity funds, bond funds, mixed funds, real estate funds, hedge funds, and other funds i.e. by nature of investment, each of which shall be further broken down into open-end funds and closed-end funds i.e. by type of IF. For the purpose of IFs broken down by nature of investment, funds of funds shall be classified under the category of funds in which they primarily invest.
These requirements shall cover end-month and end-quarter stocks as well as monthly and quarterly flow adjustments ( 14 ).
(b) Flow adjustments
NCBs shall report to the ECB separate data on revaluation adjustments due to price and exchange rate changes and reclassification adjustments, as set out in Part 14 of Annex III and in accordance with Annex V to this Guideline.
Financial transactions, and thereby adjustments, shall be derived in accordance with ESA 95, referred to as the ‘ESA 95 method’ where possible. NCBs may deviate from ESA 95 due to divergent national practices in accordance with Regulation ECB/2007/8. Where s-b-s stock information is available, revaluation adjustments may be derived in accordance with a common Eurosystem method, i.e. the flow-derivation method referred to in Annex V to this Guideline.
(c) Bearer shares
If the data on bearer shares reported by IFs, MFIs and/or OFIs other than IFs in accordance with Annex I to Regulation ECB/2007/8 are incomplete or not yet available, NCBs shall provide data on bearer shares on a best estimate basis according to the geographical and sectoral breakdown in Table 1 of Part 14 of Annex III to this Guideline.
(d) Memorandum items
To the extent that data are available, including on a best estimate basis, NCBs shall report on a monthly basis further statistical information in accordance with Table 3 of Part 14 of Annex III to this Guideline.
2. Reporting frequency and deadline
NCBs shall report to the ECB the monthly IF stocks, revaluation adjustments and reclassification adjustments data by close of business on the 28th working day following the end of the month to which the data relate. The same deadline shall apply to the reporting of memorandum items.
NCBs shall report to the ECB the quarterly IF stocks, revaluation adjustments and reclassification adjustments data by close of business on the 28th working day following the end of the quarter to which the data relate.
3. Revision policy
The following general rules shall apply to the revisions of monthly and quarterly data:
(a) the revisions shall be undertaken so that the monthly and quarterly data are consistent with each other;
(b) during the regular production periods, i.e. from the 28th working day following the end of the reference month/quarter to the day the data are disseminated back to the NCBs, NCBs may revise the data referring to the previous reference quarter, to the two months preceding it, as well as to the months following the previous reference quarter;
(c) outside the regular production periods, NCBs may also revise data referring to reference periods prior to the two months preceding the previous reference quarter, inter alia in case of mistakes, reclassifications or improved reporting procedures.
4. Derogations and grossing-up
To ensure the quality of the euro area IF statistics, where NCBs grant derogations to the smallest IFs in accordance with Article 3(1) of Regulation ECB/2007/8, NCBs shall gross up to 100 % coverage for these IFs in the compilation of the monthly and quarterly IF assets and liabilities reported to the ECB, both for stocks and revaluation adjustments.
NCBs may choose the procedure for grossing up to 100 % coverage, provided it fulfils the following minimum standards:
(a) for missing breakdowns data, estimates shall be derived by applying ratios based on the corresponding investment fund sub-sector, e.g. if an open-end bond fund falls within the tail and only investment fund shares/units issued are collected, the missing breakdowns shall be derived by applying the structure of the open-end bond funds category;
(b) no investment fund sub-sector (e.g. open-end real-estate funds, closed-end real estate funds etc.) is completely excluded.
In accordance with Article 3(2) of Regulation ECB/2007/8, derogations may be granted to IFs that due to national accounting rules value their assets at a frequency lower than quarterly. Notwithstanding such derogation, the monthly and quarterly IF data reported by NCBs to the ECB shall always include data relating to these IFs.
5. Combined approach: derivation of aggregated data
Where the combined approach defined in Annex I of Regulation ECB/2007/8 is applied, NCBs shall derive the aggregated quarterly assets and liabilities of the IF sub-sectors in line with Table 1 of Part 14 of Annex III to this Guideline as follows:
(a) for securities with publicly available identification codes, the NCBs shall map the information provided on an s-b-s basis to the information derived from the CSDB or compatible national securities databases. The mapped s-b-s information shall be used to compile the value of assets and liabilities in euro and to derive the necessary breakdowns for each individual security of the IF. If the security identifiers are not found in the CSDB or compatible national securities databases, or the information necessary for the compilation of the assets and liabilities in line with Table 1 of Part 14 of Annex III to this Guideline is not available from the CSDB or compatible national securities databases, the NCBs shall estimate the missing data. NCBs may also collect s-b-s information on securities without publicly available identification codes by using NCB internal security identifiers;
(b) NCBs shall aggregate the data on securities derived under (a) and add them to the information reported for securities without publicly available identification codes to produce aggregates for: (i) securities other than shares broken down by maturity, currency and counterparty; and (ii) shares and other equity, broken down by instrument and counterparty; and (iii) total IF shares/units issued;
(c) NCBs shall derive the required statistical information on the IF assets and liabilities by adding the data on securities derived under (b) and the assets and liabilities other than securities collected from resident individual IFs;
(d) NCBs shall aggregate the assets and liabilities of all IFs resident in a Member State and belonging to the same sub-sector.
The above shall also apply when NCBs collect data on IF assets and liabilities on a monthly basis in accordance with Article 6(3) of Regulation ECB/2007/8.
6. Estimation of monthly data
In accordance with Article 6(1)(b) of Regulation ECB/2007/8, NCBs collect IF shares/units issued on a monthly basis. For reference months that are not end-quarter months, NCBs shall estimate the monthly data on IF assets and liabilities other than investment fund shares/units issued, based on the collected monthly and quarterly data unless data are collected on a monthly basis as set out in Article 6(3) of Regulation ECB/2007/8.
Where possible, NCBs shall make estimates at the individual fund level. Alternatively, an NCB may make estimates by IF sub-sector or may request the ECB to make the estimates. In the latter case the ECB may request additional information such as fund-by-fund or security-by-security data.
7. Valuation and/or accounting rules
The valuation and/or accounting rules in Regulation ECB/2007/8 shall apply also when the NCBs report IF data to the ECB. However, for items which are subject to accrued interest the following rules shall apply:
(a) ‘securities other than shares’ include accrued interest;
(b) ‘deposit and loan claims’ and ‘deposits and loans received’ exclude accrued interest which is recorded under remaining assets/liabilities.
8. Explanatory notes
NCBs shall submit explanatory notes explaining the reasons for significant revisions. In addition, the NCBs shall provide the ECB with explanatory notes concerning reclassification adjustments. NCBs shall also provide explanatory notes concerning the revisions mentioned in Article 18(3)(c) of this Guideline.
9. Group reporting
In accordance with Article 5(3) of Regulation ECB/2007/8, NCBs may allow IFs to report their assets and liabilities as a group, provided that this leads to results that are similar to fund-by-fund reporting. IFs which report as a group shall belong to the same sub-sector; for example, closed-end real estate funds or open-end real estate funds.
10. Monitoring the quality of the CSDB or national securities database in the context of s-b-s reporting
NCBs shall provide to the ECB on an annual basis either: (i) indicators analysing the coverage and quality of the relevant set of securities in the CSDB, in accordance with the methodology separately communicated to them; or (ii) the relevant information needed to derive the coverage and quality indicators.
NCBs relying on national securities databases shall once a year provide to the ECB aggregated results covering one quarter and at least two statistically significant sub-sectors of IFs. These aggregated results shall not differ by more than 5 % from the results which would be obtained when using the CSDB. This provision shall apply to information which is not reported by IFs.
The above information shall be transmitted to the ECB by the end of February each year by taking as a reference the end-December data of the preceding year.
Article 18a
Statistics on the assets and liabilities of FVCs
1. Scope of reporting
NCBs shall compile and report separate aggregated statistical information on assets and liabilities of FVCs in accordance with Part 15 of Annex III to this Guideline. Data shall be submitted for the following three sub-categories: (i) FVCs engaged in traditional securitisation; (ii) FVCs engaged in synthetic securitisation; and (iii) other FVCs.
For the purpose of FVC statistics traditional securitisation refers to securitisations where the transfer of risk is achieved by the economic transfer of the assets being securitised to the FVC. This shall be accomplished by the transfer of ownership of the securitised assets from the originator or through sub-participation.
Synthetic securitisation refers to securitisations where the transfer of risk is achieved by the use of credit derivatives, guarantees or any similar mechanism.
These requirements shall cover data on end-of-quarter outstanding amounts, financial transactions and write-offs/write-downs provided on a quarterly basis.
NCBs may submit to the ECB the required data on write-offs/write-downs on a best effort basis.
2. Reporting frequency and deadline
NCBs shall report to the ECB the data on FVCs’ outstanding amounts, financial transactions and write-offs/write-downs on a quarterly basis by close of business on the 28th working day following the end of the quarter to which the data relate.
3. Revision policy
The following general rules shall apply to the revision of quarterly data:
(a) during the regular production periods, i.e. from the 28th working day following the end of the reference quarter to the day preceding the day the data are disseminated back to the NCBs, NCBs may revise the data referring to the previous reference quarter;
(b) outside the regular production periods, NCBs may also revise data referring to reference periods prior to the previous reference quarter, inter alia, in case of mistakes, reclassifications or improved reporting procedures;
(c) revisions to data reported under Regulation (EC) No 25/2009 of the European Central Bank (ECB/2008/32) ( 15 ) on loans originated and serviced by euro area MFIs shall be included, where relevant, in the FVC statistics according to paragraphs (a) and (b).
4. Reporting approaches
In order to meet the statistical reporting requirements from which FVCs are exempt under Article 5(1)(c) of Regulation (EC) No 24/2009 or the European Central Bank (ECB/2008/30) ( 16 ), the NCBs after consulting the ECB, shall decide on the most appropriate approach to compiling data on assets and liabilities of FVCs, depending on the organisation of the relevant markets and the availability of other relevant statistical, public or supervisory information in the Member State.
5. Data sources and data quality standards
If NCBs derive data on FVC issued securities and/or FVCs’ holdings of securities from the CSDB or another securities database and/or data on assets and liabilities of FVCs from other statistical data sources, from public sources such as pre-sale reports or investor reports, or from supervisory data sources, the data quality standards described below shall apply.
As identified in Part 15 of Annex III to this Guideline, a distinction is made between anchor series, which are subject to high quality standards, comparable to data directly reported by FVCs in accordance with Annex III to Regulation (EC) No 24/2009 (ECB/2008/30) and which are verifiable ex-post as outlined in paragraph 9 and non-anchor series which may be estimated according to less stringent quality standards ( 17 ).
If NCBs derive data on assets and liabilities of FVCs from supervisory data sources, the NCBs shall ensure that these sources are sufficiently aligned with the statistical concepts and definitions under the FVC reporting requirements. The same shall apply to data which are derived from other statistical data sources.
If data are not directly reported by FVCs in accordance with Article 5(1)(c) of Regulation (EC) No 24/2009 (ECB/2008/30), the quality of the data shall be monitored by the NCBs on the basis of the information that is available from the annual financial statements, as outlined in paragraph 9. If the cross-checks between the data derived on a quarterly basis and the annual financial statements show that high quality standards are not met, NCBs shall take the necessary measures to ensure that the data meet the required quality standards, including the possible direct collection of data under Regulation (EC) No 24/2009 (ECB/2008/30).
If data on outstanding amounts and new issues of FVC debt securities and/or FVCs’ holdings of securities are compiled from the CSDB or another securities database, the NCBs shall ensure extensive coverage of FVC issued debt securities and/or FVC’s holdings of securities and shall monitor such data on a regular basis as outlined in paragraph 10. If the coverage and quality indicators for the relevant set of securities in the CSDB or other securities database show that high quality standards are not met, NCBs shall take the necessary measures to meet the required quality standards, including the possible direct collection of data under Regulation (EC) No 24/2009 (ECB/2008/30).
6. Loans originated and serviced by euro area MFIs and exchange of cross-border information
In accordance with Article 5 of Regulation (EC) No 25/2009 (ECB/2008/32), NCBs collect data on loans purchased by FVCs that originated from and are serviced by euro area MFIs and broken down by maturity, sector and residency of debtors, as identified in Part 15 of Annex III to this Guideline.
If the originators of the securitised loans are MFIs resident in the same country as the FVC, and these domestic MFIs continue to service the securitised assets, the NCB may compile this part of the data on the FVCs’ loan portfolio, relating to outstanding amounts and financial transactions, from data collected from domestic MFIs as specified in Article 5 of Regulation (EC) No 25/2009 (ECB/2008/32), instead of directly collecting these data from FVCs.
If the originators of the securitised loans are MFIs resident in another euro area Member State, and these MFIs continue to service the securitised assets, NCBs shall exchange the information collected from these MFIs in accordance with Article 5 of Regulation (EC) No 25/2009 (ECB/2008/32). Each NCB shall collect information in accordance with Article 5 of Regulation (EC) No 25/2009 (ECB/2008/32) on loans that originate from and are serviced by domestic MFIs and have been securitised with an FVC resident in another euro area Member State.
For the purpose of exchanging cross-border information, each NCB shall transmit information on loans originated and serviced by domestic MFIs under Article 5 of Regulation (EC) No 25/2009 (ECB/2008/32) to the ECB in accordance with Part 15 of Annex III to this Guideline.
NCBs shall report these data to the ECB by the 23rd working day following the end of the quarter to which the data relate.
The ECB shall provide, in line with the applicable legal acts protecting confidential data, the technical gateway for this exchange of cross-border information. The ECB shall redistribute the data to the NCBs concerned on the 24th working day following the end of the quarter to which the data relate.
NCBs that are involved in the exchange of data for existing securitisations shall clarify any outstanding queries and coordination issues on a bilateral basis and, if required, exchange relevant information. If there are new securitisations, the relevant NCBs may request the ECB to act as coordinator.
7. Derogations and grossing-up
If NCBs compile data on assets and liabilities of FVCs directly from FVCs, and where relevant, based on data reported by MFIs under Regulation (EC) No 25/2009 (ECB/2008/32), and where NCBs grant derogations to FVCs in accordance with Article 5(1)(b) of Regulation (EC) No 24/2009 (ECB/2008/30), NCBs shall gross up to 100 % coverage for all FVCs when compiling the quarterly assets and liabilities of FVCs data reported to the ECB for outstanding amounts, financial transactions and write-offs/write-downs.
If NCBs compile data on assets and liabilities of FVCs from other statistical, public and/or supervisory sources they may base their compilation on a sample of FVCs as long as these FVCs account for at least 95 % of the total outstanding amount of assets of the FVC reference reporting population in a relevant Member State as represented in the list of FVCs. NCBs shall gross up to 100 % coverage when compiling the quarterly data on assets and liabilities of FVCs reported to the ECB for outstanding amounts, financial transactions and write-offs/write-downs.
8. Explanatory notes
NCBs shall submit explanatory notes to the ECB setting out the reasons for significant revisions as well as for any revisions made pursuant to Article 18a(3)(b) of this Guideline.
9. Monitoring the quality of data not directly reported by FVCs or MFIs
NCBs shall check the quality of the quarterly data which are not directly reported by FVCs or MFIs in accordance with Article 5(3) of Regulation (EC) No 24/2009 (ECB/2008/30), on the basis of information available from annual financial statements.
The outcome of the quality checks shall be transmitted to the ECB by the end of September each year or at the earliest point in time thereafter, in accordance with the applicable national legal practices in the FVC’s Member State of residence.
10. Monitoring the quality of the CSDB or other securities database in the context of FVC issued securities
If the CSDB or another securities database is used as a data source for FVC statistics in accordance with paragraph 5, NCBs shall provide the ECB, on an annual basis, with indicators on the coverage and quality of the relevant set of securities in the CSDB or the other securities database, in accordance with the methodology to be separately communicated to the NCBs.
The above information shall be transmitted to the ECB by the end of February each year by taking as a reference the end-December data of the preceding year.
Article 18b
Statistics on MFI loans to non-financial corporations by branch of activity
1. Scope of reporting
NCBs shall report to the ECB, where available, data on MFI loans to domestic non-financial corporations, and MFI loans to other participating Member States’ non-financial corporations broken down by branch of activity following the statistical classification of economic activities in the European Community — NACE Rev.2, in accordance with Part 16 of Annex III.
2. Reporting frequency and deadline
NCBs shall report to the ECB the data at biannual frequency, by the end of March and the end of September with reference to the two preceding quarters.
3. Revision policy
NCBs shall report revisions in accordance with the following principles:
(a) in addition to each regular data transmission, revisions to the previous reference periods shall be sent where required; and
(b) exceptional revisions which significantly improve the quality of the data may be sent as soon as available.
4. Explanatory notes
The NCBs shall report to the ECB any significant changes in the national definitions and classifications used and shall submit explanatory notes explaining the reasons for significant revisions, where applicable. In addition, NCBs shall provide information on major reclassifications in the MFI sector and, if available, major reclassifications of non-financial corporations in the NACE Rev.2 breakdowns transmitted.
Article 19
List of MFIs for statistical purposes
1. Scope of reporting
The variables collected to establish and maintain the list of MFIs for statistical purposes which is referred to in Article 3 of Regulation (EC) No 25/2009 (ECB/2008/32) are specified in Part 1 of Annex VI.
NCBs shall report updates of the variables specified in Part 1 of Annex VI, either when there are changes in the MFI sector or when there are changes in attributes of existing MFIs. There are changes in the MFI sector when an institution joins the MFI sector (i.e. in the event of establishment of an MFI as the result of a merger, establishment of new legal entities as the result of the division of an existing MFI, establishment of a new MFI, or change in the status of a previous non-MFI such that it becomes an MFI) or when an existing MFI leaves the MFI sector (i.e. in the event of the involvement of an MFI in a merger, purchase of an MFI by another institution, division of an MFI into separate legal entities, change in the status of an MFI such that it becomes a non-MFI, or liquidation of an MFI).
When reporting a new institution or an institution to be modified, NCBs shall complete all mandatory variables. When reporting an institution leaving the MFI sector which is not part of a merger NCBs shall report the following information as a minimum: the type of request, i.e. deletion, and the identification code of the MFI, i.e. the ‘mfi_id’ variable.
NCBs shall not reallocate MFI identification codes of deleted MFIs to new MFIs. If this action is unavoidable, NCBs shall submit a written explanation to the ECB at the same time (using the ‘object_request’ type ‘mfi_req_realloc’).
When reporting updates, NCBs may use their national character set, provided they use the Roman alphabet. NCBs shall use Unicode to correctly display all special character sets when receiving information from the ECB via the Register of Institutions and Assets Database (RIAD) Data Exchange System.
Prior to the transmission of updates of the list of MFIs to the ECB, NCBs shall carry out the validation checks set out in the relevant data exchange specifications.
2. Reporting frequency and deadline
NCBs shall transmit to the ECB where possible updates of the variables specified in Part 1 of Annex VI to this Guideline, as soon as changes in the MFI sector or in the attributes of existing MFIs occur.
If this is not possible, NCBs shall provide a written explanation for the delay between the occurrence of the event and its reporting to the ECB.
3. Transmission standards
NCBs shall transmit updates in XML format, via the RIAD Data Exchange System, according to the document entitled ‘Exchange Specification for the RIAD Data Exchange System’. In the event of failure of the RIAD Data Exchange System, updates shall be transmitted in XML format via the N13 Cebamail account. In the event that the Cebamail system is not operational for file transfer of MFI updates or corrections, NCBs shall transfer these files by e-mail using the XML format, to the following address: birs@ecb.int.
When manual input procedures are used, NCBs shall have in place an adequate set of controls to minimise operational errors and ensure the accuracy and the consistency of the MFI updates reported via the RIAD Data Exchange System.
4. Acquisition and error acknowledgements
On receipt of the updates, the ECB shall immediately carry out the validation checks in Sections 1 to 11 of Part 2 of Annex VI to this Guideline.
The ECB shall immediately send back to the NCBs: (i) an acquisition acknowledgement containing summary information of the MFI updates which have been processed and implemented successfully in the MFI dataset; and/or (ii) an error acknowledgement containing detailed information on the MFI updates and the validation checks which have failed. In accordance with Sections 1 to 11 of Part 2 of Annex VI to this Guideline, the ECB shall implement, in whole or in part, incomplete, incorrect or missing update requests or shall reject them.
On receipt of an error acknowledgement, NCBs shall take immediate action to transmit corrected information. If correct information depends on updates sent by other NCBs during the course of the latest month and so is not available on the ECB's website, NCBs shall contact the ECB via the N13 Cebamail account, with specific details of the information required.
5. Dissemination of the list of MFIs and of the list of MFIs and institutions subject to minimum reserves
The ECB shall take a copy of all changes implemented in the list of MFIs every ECB working day at 17.00 Central European time (CET) and disseminate it to all NCBs. The dissemination shall contain the full details of each of the following changes reported by NCBs: (i) new MFIs; (ii) updated MFIs; (iii) deleted MFIs; (iv) reallocation of MFI identification codes; (v) change of MFI identification codes; and (vi) change of MFI identification codes involving reallocation.
At 17.00 CET every ECB working day, the ECB shall take a copy of the MFI dataset and make it available on the ECB’s website. All MFI records shall be shown, irrespective of whether they are inconsistent with Monetary Policy Eligible Counterparties (MPEC) records or not.
On the last ECB working day of each calendar month, the ECB shall take a copy of the MFI dataset along with one variable from the MPEC dataset i.e. the variable ‘reserve’ indicating whether credit institutions resident in the euro area are subject to minimum reserves or not, as at 17.00 CET. This copy shall not include inconsistent MFI-MPEC records, i.e. if a euro area credit institution is listed in the MFI dataset but not in the MPEC dataset, and vice versa. The ECB shall make available to the public a list of MFIs and institutions subject to minimum reserves on the day following the copy. If the copy is taken at 17.00 CET on a Friday, the ECB shall make available the updated information at 12.00 CET on Saturday.
At the same time as releasing the list of MFIs and institutions subject to minimum reserves on its website, the ECB shall send it to the NCBs via the RIAD Data Exchange System.
Article 20
List of IFs for statistical purposes
1. Scope of reporting
The variables collected to establish and maintain the list of IFs for statistical purposes, which is referred to in Article 4 of Regulation (EC) No 958/2007 (ECB/2007/8), are specified in Annex VII.
NCBs shall report updates of the variables specified in Part 1 of Annex VII either when there are changes in the IF sector or when there are changes in attributes of existing IFs. There are changes in the IF sector when an institution joins the IF sector or when an existing IF leaves the IF sector.
NCBs shall derive updates by comparing their national list of IFs at the end of two successive end-of-quarters, i.e. they shall not take into account intra-quarter movements.
When reporting a new institution or an institution to be modified, NCBs shall complete all mandatory variables.
When reporting an institution leaving the IF sector, NCBs shall report the following information as a minimum: the type of request, i.e. deletion, and the identification code of the IF, i.e. the ‘if_id’ variable.
Once a year, pertaining to the 31 December reference date, NCBs shall transmit an XML file specifically to report the net asset value (NAV) per IF. That is, the NAV shall be provided separately from changes to other IFs attributes. For all IFs, the following information shall be provided: the type of request, i.e. ‘if_req_nav’, the IF’s unique identification code, the NAV amount and the applicable NAV date.
For any given reference date, information on any new IFs or changes to the identification codes of existing IFs shall be transmitted first to the ECB, prior to transmitting NAV information.
Where possible, NCBs shall not reallocate IF identification codes of deleted IFs to new IFs. Where unavoidable, NCBs shall submit a written explanation to the ECB via the N13 Cebamail account at the same time as the IF record (using the ‘object_request’ type ‘if_req_realloc’).
When reporting updates, NCBs may use their national character set, provided they use the Roman alphabet. NCBs shall use Unicode to correctly display all special character sets when receiving information from the ECB via the RIAD Data Exchange System.
Prior to the transmission of updates of the list of IFs to the ECB, NCBs shall carry out the validation checks set out in the relevant data exchange specifications.
2. Reporting frequency and deadline
NCBs shall transmit to the ECB updates of the variables specified in Part 1 of Annex VII to this Guideline, at least on a quarterly basis, with a timeliness of two months following the reference date. However, the NAV variable shall be updated for all investment funds on an annual basis, with a lag of maximum two months following the reference date of end-December.
3. Transmission standards
NCBs shall transmit updates in XML file format via the ESCB-Net transmission channel, in accordance to the guidance given in the document: ‘Exchange Specification for the RIAD Data Exchange System’. The ECB will then process the data via the RIAD Data Exchange System. In the event of failure of the ESCB-Net and/or the RIAD Data Exchange System, updates shall be transmitted in XML format via the N13 Cebamail account’. In the event that the Cebamail system is not operational for file transfer of IF updates or corrections, NCBs shall transfer these files by e-mail using the XML format, to the following address: birs@ecb.int.
When manual input procedures are used, NCBs shall have in place an adequate set of controls to minimise operational errors and ensure the accuracy and the consistency of the IF updates reported via the RIAD Data Exchange System.
4. Acquisition and error acknowledgements
On receipt of the updates, the ECB shall immediately carry out the validation checks in Part 3 of Annex VII to this Guideline.
The ECB shall immediately send back to the NCBs: (i) an acquisition acknowledgement containing summary information of the IF updates which have been processed and implemented successfully in the IF dataset; and/or (ii) an error acknowledgement containing detailed information on the IF updates and the validation checks which have failed. In accordance with Part 3 of Annex VII the ECB shall implement, in whole or in part, incomplete, incorrect or missing update requests or shall reject them.
On receipt of an error acknowledgement, NCBs shall take immediate action to transmit corrected information. If immediate action is not feasible, they shall have a maximum of four working days, i.e. until 17.59 CET on the fourth working day, to report corrected information, following the stipulated deadline for reporting.
5. Dissemination of the list of investment funds
The ECB shall take a copy of the IF dataset, excluding values marked as confidential and the ‘NAV’ variable, at 18.00 CET on the fourth working day following the stipulated reporting date for transmitting updates. The updated information shall become available by 12.00 CET the next day. If the copy is taken at 18.00 CET on a Friday, the ECB shall make available the updated information at 12.00 CET on Saturday.
The ECB shall not publish values which have been marked as confidential.
The ECB shall not publish the ‘NAV’ per investment fund. Instead, based on the ‘NAV’, the ECB shall establish a range of size classes and the appropriate size class per investment fund.
At the same time as releasing the list of IFs on its website, the ECB shall send it to the NCBs via the RIAD Data Exchange System.
Article 20a
List of FVCs for statistical purposes
1. Scope of reporting
The variables collected to establish and maintain the list of FVCs for statistical purposes provided for in Article 3 of Regulation (EC) No 24/2009 (ECB/2008/30) are specified in Annex VIII to this Guideline.
NCBs shall report updates of the variables specified in Part 1 of Annex VIII to this Guideline either when there are changes in the FVC sector, i.e. an institution joins the FVC sector or an FVC leaves the FVC sector, or when there is a change in an FVC’s attributes.
NCBs shall derive updates by comparing their national list of FVCs at the end of two successive end-of-quarters, i.e. they shall not take into account intra-quarter movements.
When reporting a new institution or an institution to be modified, NCBs shall complete all mandatory variables.
When reporting an institution leaving the FVC sector, NCBs shall report the following information as a minimum: the type of request, i.e. deletion, and the identification code of the FVC, i.e. the ‘fvc_id’ variable.
Where possible, NCBs shall not reallocate FVC identification codes of deleted FVCs to new or modified FVCs.
When reporting updates, NCBs may use their national character set, provided they use the Roman alphabet. NCBs shall use Unicode to correctly display all special character sets when receiving information from the ECB via the RIAD Data Exchange System.
Prior to transmitting updates to the ECB, NCBs shall carry out the validation checks set out in Part 2 of Annex VIII to this Guideline.
2. Reporting frequency and deadline
NCBs shall transmit to the ECB updates of the variables specified in Part 1 of Annex VIII to this Guideline, at least on a quarterly basis, within 14 working days following the reference date.
3. Transmission standards
NCBs shall transmit updates in XML file format. The ECB shall then process the data via the RIAD Data Exchange System. In the event of failure of the EXDI and/or the RIAD Data Exchange System, updates shall be transmitted in XML format via the N13 Cebamail account. If the Cebamail system is not operational for the file transfer of FVC updates or corrections, NCBs shall transfer these files by e-mail using the XML format to the following e-mail address: birs@ecb.europa.eu
NCBs that use manual input procedures shall have in place an adequate set of controls to minimise operational errors and ensure the accuracy and consistency of the FVC updates reported via the RIAD Data Exchange System.
4. Acquisition and error acknowledgements
On receipt of the updates, i.e. the latest available information, the ECB shall immediately carry out the validation checks as set out in Part 2 of Annex VIII to this Guideline.
The ECB shall immediately return to the NCBs: (i) an acquisition acknowledgement containing summary information of the FVC updates that have been processed and successfully implemented in the ECB’s FVC dataset; and/or (ii) an error acknowledgement containing detailed information on the FVC updates and the validation checks which have failed. In accordance with Part 1 of Annex VIII to this Guideline, the ECB shall implement, in whole or in part, an incomplete, incorrect or missing ‘object_request’ variable or shall reject it.
On receipt of an error acknowledgement, NCBs shall take immediate action to transmit corrected information. If immediate action is not feasible, they shall have a maximum of two working days, i.e. until 17.59 Central European Time (CET) on the second working day, to report corrected information, following the deadline for reporting set out in paragraph 2.
5. Dissemination of the list of FVCs
The ECB shall take a copy of the FVC dataset, excluding values marked as confidential, at 18.00 CET on the second working day following the deadline for reporting referred to in paragraph 2. The updated information shall become available by 12.00 CET the next day.
The ECB shall not publish values which have been marked as confidential.
At the same time as releasing the list of FVCs on its website, the ECB shall send it to the NCBs via the RIAD Data Exchange System.
Article 21
Verification
Without prejudice to the ECB's verification rights set out in Regulation (EC) No 2533/98 and Regulation ECB/2001/13, the NCBs shall monitor and ensure the quality and reliability of statistical information made available to the ECB.
Article 22
Transmission standards
The NCBs shall use the ESCB-Net provided by the ESCB for the electronic transmission of the statistical information required by the ECB. The statistical message format developed for this electronic exchange of statistical information shall be the standard format agreed by the Statistics Committee. This requirement shall not prevent the use of any other means of transmitting statistical information as a fall back solution with the ECB’s prior consent.
Article 23
Simplified amendment procedure
Taking into account the Statistics Committee’s opinion, the ECB’s Executive Board may make any technical amendments to this Guideline’s annexes that do not change the underlying conceptual framework or affect the reporting burden on reporting agents in Member States.
Article 24
Publication
NCBs shall not publish national contributions to the monthly euro area monetary aggregates and their counterparts until the ECB has published these aggregates. Where NCBs publish such data, they shall be the same as data that contributed to the last published euro area aggregates. Where NCBs reproduce euro area aggregates published by the ECB, they shall reproduce them faithfully.
Article 25
Repeal
Guideline ECB/2003/2 is hereby repealed.
Article 26
Entry into force
This Guideline shall enter into force on the third day following that on which Regulation ECB/2007/8 enters into force.
Article 27
Addressees
This Guideline applies to all Eurosystem central banks.
ANNEX I
BRIDGING TABLES
The bridging tables provide a detailed link between the accounting balance sheet items and the items to be reported for statistical purposes.
The left-hand side of the bridging tables gives, for each cell of Tables 1, 2, 3 and 4 of Annex I to Regulation ECB/2001/13, the item number, description and breakdown; the right-hand side of the bridging tables gives, for each accounting item, the item number, description and breakdown requested. Certain Regulation ECB/2001/13 balance sheet items are not applicable to the ECB's/NCBs' balance sheets (they are indicated as ‘n/a’).
BRIDGING TABLE
(Monthly data)
|
Bridging table. Item-by-item correspondence |
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LIABILITIES |
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|
Stocks |
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|
Regulation ECB/2001/13 — Annex 1 — Table 1 |
Accounting balance sheet format |
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|
Item |
Description |
Breakdown |
Item |
Description |
Further breakdown provided |
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|
Residence |
Sector |
Sub-sector |
Maturity |
Residence |
Type |
Currency |
Sector |
Sub-sector |
Maturity |
|||||
|
8 |
Currency in circulation |
1 |
Banknotes in circulation |
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|
9 |
Deposits (all currencies) |
Domestic |
MFIs |
2,1 |
Liabilities to euro area credit institutions related to monetary policy operations denominated in euro — current accounts (covering the minimum reserve system) |
Domestic |
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|
2,2 |
Liabilities to euro area credit institutions related to monetary policy operations denominated in euro — deposit facility |
Domestic |
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|
2,3 |
Liabilities to euro area credit institutions related to monetary policy operations denominated in euro — fixed-term deposits |
Domestic |
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|
2,4 |
Liabilities to euro area credit institutions related to monetary policy operations denominated in euro — fine-tuning reverse operations |
Domestic |
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|
2,5 |
Liabilities to euro area credit institutions related to monetary policy operations denominated in euro — deposits related to margin calls |
Domestic |
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|
3 |
Other liabilities to euro area credit institutions denominated in euro |
Domestic |
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|
5,2 |
Liabilities to other euro area residents denominated in euro — other liabilities |
Domestic |
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|
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
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|
10,1 |
Intra-Eurosystem liabilities — liabilities equivalent to the transfer of foreign reserves (only ECB's balance sheet) |
Domestic |
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|
10,2 |
Intra-Eurosystem liabilities — liabilities related to promissory notes backing the issuance of ECB debt certificates (only NCBs' balance sheet) |
Domestic |
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|
10,4 |
Intra-Eurosystem liabilities — other liabilities within the Eurosystem |
Domestic |
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|
12 |
Other liabilities |
Domestic |
Deposits |
All currencies |
MFIs |
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|
9 |
Deposits (all currencies) |
Domestic |
Non-MFIs |
General government |
Central government |
5,1 |
Liabilities to other euro area residents denominated in euro — general government |
Domestic |
Non-MFIs |
Central government |
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|
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
Non-MFIs |
Central government |
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|
12 |
Other liabilities |
Domestic |
Deposits |
All currencies |
Non-MFIs |
Central government |
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|
9 |
Deposits (all currencies) |
Other participating Member States |
MFIs |
2,1 |
Liabilities to euro area credit institutions related to monetary policy operations denominated in euro — currents accounts (covering the minimum reserve system) |
Other participating Member States |
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|
2,2 |
Liabilities to euro area credit institutions related to monetary policy operations denominated in euro — deposit facility |
Other participating Member States |
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|
2,3 |
Liabilities to euro area credit institutions related to monetary policy operations denominated in euro — fixed-term deposits |
Other participating Member States |
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|
2,4 |
Liabilities to euro area credit institutions related to monetary policy operations denominated in euro — fine-tuning reverse operations |
Other participating Member States |
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|
2,5 |
Liabilities to euro area credit institutions related to monetary policy operations denominated in euro — deposits related to margin calls |
Other participating Member States |
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|
3 |
Other liabilities to euro area credit institutions denominated in euro |
Other participating Member States |
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|
5,2 |
Liabilities to other euro area residents denominated in euro — other liabilities |
Other participating Member States |
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|
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
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|
10,1 |
Intra-Eurosystem liabilities — liabilities equivalent to the transfer of foreign reserves (only ECB's balance sheet) |
Other participating Member States |
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|
10,2 |
Intra-Eurosystem liabilities — liabilities related to promissory notes backing the issuance of ECB debt certificates (only NCBs' balance sheet) |
Other participating Member States |
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|
10,4 |
Intra-Eurosystem liabilities — other liabilities within the Eurosystem |
Other participating Member States |
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|
12 |
Other liabilities |
Other participating Member States |
Deposits |
All currencies |
MFIs |
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|
9 |
Deposits (all currencies) |
Other participating Member States |
Non-MFIs |
General government |
Central government |
5,1 |
Liabilities to other euro area residents denominated in euro — general government |
Other participating Member States |
Non-MFIs |
Central government |
||||
|
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
Non-MFIs |
Central government |
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|
12 |
Other liabilities |
Other participating Member States |
Deposits |
All currencies |
Non-MFIs |
Central government |
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|
9 |
Deposits (all currencies) |
Rest of the world |
6 |
Liabilities to non-euro area residents denominated in euro |
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|
8,1 |
Liabilities to non-euro area residents denominated in foreign currency — deposits, balances and other liabilities |
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|
8,2 |
Liabilities arising from the credit facility under ERM II |
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|
12 |
Other liabilities |
Rest of the world |
Deposits |
All currencies |
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|
9 |
Deposits (all currencies) |
Rest of the world |
By maturity (2 bands) |
6 |
Liabilities to non-euro area residents denominated in euro |
By maturity (2 bands) |
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|
8,1 |
Liabilities to non-euro area residents denominated in foreign currency — deposits, balances and other liabilities |
By maturity (2 bands) |
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|
8,2 |
Liabilities arising from the credit facility under ERM II |
By maturity (2 bands) |
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|
12 |
Other liabilities |
Rest of the world |
Deposits |
All currencies |
By maturity (2 bands) |
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|
9e |
Deposits (euro) |
Domestic |
MFIs |
2,1 |
Liabilities to euro area credit institutions related to monetary policy operations denominated in euro — currents accounts (covering the minimum reserve system) |
Domestic |
||||||||
|
2,2 |
Liabilities to euro area credit institutions related to monetary policy operations denominated in euro — deposit facility |
Domestic |
||||||||||||
|
2,3 |
Liabilities to euro area credit institutions related to monetary policy operations denominated in euro — fixed-term deposits |
Domestic |
||||||||||||
|
2,4 |
Liabilities to euro area credit institutions related to monetary policy operations denominated in euro — fine-tuning reverse operations |
Domestic |
||||||||||||
|
2,5 |
Liabilities to euro area credit institutions related to monetary policy operations denominated in euro — deposits related to margin calls |
Domestic |
||||||||||||
|
3 |
Other liabilities to euro area credit institutions denominated in euro |
Domestic |
||||||||||||
|
5,2 |
Liabilities to other euro area residents denominated in euro — other liabilities |
Domestic |
||||||||||||
|
10,1 |
Intra-Eurosystem liabilities — liabilities equivalent to the transfer of foreign reserves (only ECB's balance sheet) |
Domestic |
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|
10,2 |
Intra-Eurosystem liabilities — liabilities related to promissory notes backing the issuance of ECB debt certificates (only NCBs' balance sheet) |
Domestic |
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|
10,4 |
Intra-Eurosystem liabilities — other liabilities within the Eurosystem |
Domestic |
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|
12 |
Other liabilities |
Domestic |
Deposits |
Euro |
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|
9e |
Deposits (euro) |
Other participating Member States |
MFIs |
2,1 |
Liabilities to euro area credit institutions related to monetary policy operations denominated in euro — currents accounts (covering the minimum reserve system) |
Other participating Member States |
||||||||
|
2,2 |
Liabilities to euro area credit institutions related to monetary policy operations denominated in euro — deposit facility |
Other participating Member States |
||||||||||||
|
2,3 |
Liabilities to euro area credit institutions related to monetary policy operations denominated in euro — fixed-term deposits |
Other participating Member States |
||||||||||||
|
2,4 |
Liabilities to euro area credit institutions related to monetary policy operations denominated in euro — fine-tuning reverse operations |
Other participating Member States |
||||||||||||
|
2,5 |
Liabilities to euro area credit institutions related to monetary policy operations denominated in euro — deposits related to margin calls |
Other participating Member States |
||||||||||||
|
3 |
Other liabilities to euro area credit institutions denominated in euro |
Other participating Member States |
||||||||||||
|
5,2 |
Liabilities to other euro area residents denominated in euro — other liabilities |
Other participating Member States |
||||||||||||
|
10,1 |
Intra-Eurosystem liabilities — liabilities equivalent to the transfer of foreign reserves (only ECB's balance sheet) |
Other participating Member States |
||||||||||||
|
10,2 |
Intra-Eurosystem liabilities — liabilities related to promissory notes backing the issuance of ECB debt certificates (only NCBs' balance sheet) |
Other participating Member States |
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|
10,4 |
Intra-Eurosystem liabilities — other liabilities within the Eurosystem |
Other participating Member States |
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|
12 |
Other liabilities |
Other participating Member States |
Deposits |
Euro |
MFIs |
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|
9.1e |
Overnight |
Domestic |
Non-MFIs |
General government |
Other general government |
5,1 |
Liabilities to other euro area residents denominated in euro — general government |
Domestic |
Overnight |
Other general government |
||||
|
12 |
Other liabilities |
Domestic |
Overnight |
Euro |
Non-MFIs |
Other general government |
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|
9.1e |
Overnight |
Domestic |
Non-MFIs |
Other residents |
5,2 |
Liabilities to other euro area residents denominated in euro — other liabilities |
Domestic |
Overnight |
||||||
|
12 |
Other liabilities |
Domestic |
Overnight |
Euro |
Non-MFIs |
Other residents |
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|
9.1e |
Overnight |
Domestic |
Non-MFIs |
Other residents |
Other financial intermediaries |
5,2 |
Liabilities to other euro area residents denominated in euro — other liabilities |
Domestic |
Overnight |
Other financial intermediaries |
||||
|
12 |
Other liabilities |
Domestic |
Overnight |
Euro |
Other residents |
Other financial intermediaries |
||||||||
|
9.1e |
Overnight |
Domestic |
Non-MFIs |
Other residents |
Insurance corporations and pension funds |
5,2 |
Liabilities to other euro area residents denominated in euro — other liabilities |
Domestic |
Overnight |
Insurance corporations and pension funds |
||||
|
12 |
Other liabilities |
Domestic |
Overnight |
Euro |
Other residents |
Insurance corporations and pension funds |
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|
9.1e |
Overnight |
Domestic |
Non-MFIs |
Other residents |
Non-financial corporations |
5,2 |
Liabilities to other euro area residents denominated in euro — other liabilities |
Domestic |
Overnight |
Non-financial corporations |
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|
12 |
Other liabilities |
Domestic |
Overnight |
Euro |
Other residents |
Non-financial corporations |
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|
9.1e |
Overnight |
Domestic |
Non-MFIs |
Other residents |
Households |
5,2 |
Liabilities to other euro area residents denominated in euro — other liabilities |
Domestic |
Overnight |
Households |
||||
|
12 |
Other liabilities |
Domestic |
Overnight |
Euro |
Other residents |
Households |
||||||||
|
9.1e |
Overnight |
Other participating Member States |
Non-MFIs |
General government |
Other general government |
5,1 |
Liabilities to other euro area residents denominated in euro — general government |
Other participating Member States |
Overnight |
Other general government |
||||
|
12 |
Other liabilities |
Other participating Member States |
Overnight |
Euro |
Non-MFIs |
Other general government |
||||||||
|
9.1e |
Overnight |
Other participating Member States |
Non-MFIs |
Other residents |
5,2 |
Liabilities to other euro area residents denominated in euro — other liabilities |
Other participating Member States |
Overnight |
||||||
|
12 |
Other liabilities |
Other participating Member States |
Overnight |
Euro |
Non-MFIs |
Other residents |
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|
9.1e |
Overnight |
Other participating Member States |
Non-MFIs |
Other residents |
Other financial intermediaries |
5,2 |
Liabilities to other euro area residents denominated in euro — other liabilities |
Other participating Member States |
Overnight |
Other financial intermediaries |
||||
|
12 |
Other liabilities |
Other participating Member States |
Overnight |
Euro |
Other residents |
Other financial intermediaries |
||||||||
|
9.1e |
Overnight |
Other participating Member States |
Non-MFIs |
Other residents |
Insurance corporations and pension funds |
5,2 |
Liabilities to other euro area residents denominated in euro — other liabilities |
Other participating Member States |
Overnight |
Insurance corporations and pension funds |
||||
|
12 |
Other liabilities |
Other participating Member States |
Overnight |
Euro |
Other residents |
Insurance corporations and pension funds |
||||||||
|
9.1e |
Overnight |
Other participating Member States |
Non-MFIs |
Other residents |
Non-financial corporations |
5,2 |
Liabilities to other euro area residents denominated in euro — other liabilities |
Other participating Member States |
Overnight |
Non-financial corporations |
||||
|
12 |
Other liabilities |
Other participating Member States |
Overnight |
Euro |
Non-MFIs |
Non-financial corporations |
||||||||
|
9.1e |
Overnight |
Other participating Member States |
Non-MFIs |
Other residents |
Households |
5,2 |
Liabilities to other euro area residents denominated in euro — other liabilities |
Other participating Member States |
Overnight |
Households |
||||
|
12 |
Other liabilities |
Other participating Member States |
Overnight |
Euro |
Non-MFIs |
Households |
||||||||
|
9.2e |
With agreed maturity |
Domestic |
Non-MFIs |
General Government |
Other general government |
By maturity (3 bands) |
5,1 |
Liabilities to other euro area residents denominated in euro — general government |
Domestic |
With agreed maturity |
Non-MFIs |
Other general government |
By maturity (3 bands) |
|
|
12 |
Other liabilities |
Domestic |
With agreed maturity |
Euro |
Non-MFIs |
Other general government |
By maturity (3 bands) |
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|
9.2e |
With agreed maturity |
Domestic |
Non-MFIs |
Other residents |
By maturity (3 bands) |
5,2 |
Liabilities to other euro area residents denominated in euro — other liabilities |
Domestic |
With agreed maturity |
By maturity (3 bands) |
||||
|
12 |
Other liabilities |
Domestic |
With agreed maturity |
Euro |
Non-MFIs |
Other residents |
By maturity (3 bands) |
|||||||
|
9.2e |
With agreed maturity |
Domestic |
Non-MFIs |
Other residents |
Other financial intermediaries |
By maturity (3 bands) |
5,2 |
Liabilities to other euro area residents denominated in euro — other liabilities |
Domestic |
With agreed maturity |
Other financial intermediaries |
By maturity (3 bands) |
||
|
12 |
Other liabilities |
Domestic |
With agreed maturity |
Euro |
Non-MFIs |
Other financial intermediaries |
By maturity (3 bands) |
|||||||
|
9.2e |
With agreed maturity |
Domestic |
Non-MFIs |
Other residents |
Insurance corporations and pension funds |
By maturity (3 bands) |
5,2 |
Liabilities to other euro area residents denominated in euro — other liabilities |
Domestic |
With agreed maturity |
Insurance corporations and pension funds |
By maturity (3 bands) |
||
|
12 |
Other liabilities |
Domestic |
With agreed maturity |
Euro |
Non-MFIs |
Insurance corporations and pension funds |
By maturity (3 bands) |
|||||||
|
9.2e |
With agreed maturity |
Domestic |
Non-MFIs |
Other residents |
Non-financial corporations |
By maturity (3 bands) |
5,2 |
Liabilities to other euro area residents denominated in euro — other liabilities |
Domestic |
With agreed maturity |
Non-financial corporations |
By maturity (3 bands) |
||
|
12 |
Other liabilities |
Domestic |
With agreed maturity |
Euro |
Non-MFIs |
Non-financial corporations |
By maturity (3 bands) |
|||||||
|
9.2e |
With agreed maturity |
Domestic |
Non-MFIs |
Other residents |
Households |
By maturity (3 bands) |
5,2 |
Liabilities to other euro area residents denominated in euro — other liabilities |
Domestic |
With agreed maturity |
Households |
By maturity (3 bands) |
||
|
12 |
Other liabilities |
Domestic |
With agreed maturity |
Euro |
Non-MFIs |
Households |
By maturity (3 bands) |
|||||||
|
9.2e |
With agreed maturity |
Other participating Member States |
Non-MFIs |
General Government |
Other general government |
By maturity (3 bands) |
5,1 |
Liabilities to other euro area residents denominated in euro — general government |
Other participating Member States |
With agreed maturity |
Other general government |
By maturity (3 bands) |
||
|
12 |
Other liabilities |
Other participating Member States |
With agreed maturity |
Euro |
Non-MFIs |
Other general government |
By maturity (3 bands) |
|||||||
|
9.2e |
With agreed maturity |
Other participating Member States |
Non-MFIs |
Other residents |
By maturity (3 bands) |
5,2 |
Liabilities to other euro area residents denominated in euro — other liabilities |
Other participating Member States |
With agreed maturity |
By maturity (3 bands) |
||||
|
12 |
Other liabilities |
Other participating Member States |
With agreed maturity |
Euro |
Other residents |
By maturity (3 bands) |
||||||||
|
9.2e |
With agreed maturity |
Other participating Member States |
Non-MFIs |
Other residents |
Other financial intermediaries |
By maturity (3 bands) |
5,2 |
Liabilities to other euro area residents denominated in euro — other liabilities |
Other participating Member States |
With agreed maturity |
Other financial intermediaries |
By maturity (3 bands) |
||
|
12 |
Other liabilities |
Other participating Member States |
With agreed maturity |
Euro |
Non-MFIs |
Other financial intermediaries |
By maturity (3 bands) |
|||||||
|
9.2e |
With agreed maturity |
Other participating Member States |
Non-MFIs |
Other residents |
Insurance corporations and pension funds |
By maturity (3 bands) |
5,2 |
Liabilities to other euro area residents denominated in euro — other liabilities |
Other participating Member States |
With agreed maturity |
Insurance corporations and pension funds |
By maturity (3 bands) |
||
|
12 |
Other liabilities |
Other participating Member States |
With agreed maturity |
Euro |
Non-MFIs |
Insurance corporations and pension funds |
By maturity (3 bands) |
|||||||
|
9.2e |
With agreed maturity |
Other participating Member States |
Non-MFIs |
Other residents |
Non-financial corporations |
By maturity (3 bands) |
5,2 |
Liabilities to other euro area residents denominated in euro — other liabilities |
Other participating Member States |
With agreed maturity |
Non-financial corporations |
By maturity (3 bands) |
||
|
12 |
Other liabilities |
Other participating Member States |
With agreed maturity |
Euro |
Non-MFIs |
Non-financial corporations |
By maturity (3 bands) |
|||||||
|
9.2e |
With agreed maturity |
Other participating Member States |
Non-MFIs |
Other residents |
Households |
By maturity (3 bands) |
5,2 |
Liabilities to other euro area residents denominated in euro — other liabilities |
Other participating Member States |
With agreed maturity |
Households |
By maturity (3 bands) |
||
|
12 |
Other liabilities |
Other participating Member States |
With agreed maturity |
Euro |
Non-MFIs |
Households |
By maturity (3 bands) |
|||||||
|
9.3e |
Redeemable at notice |
Domestic |
Non-MFIs |
General Government |
Other general government |
By maturity (2 bands) |
n/a |
n/a |
||||||
|
9.3e |
Redeemable at notice |
Domestic |
Non-MFIs |
Other residents |
By maturity (2 bands) |
n/a |
n/a |
|||||||
|
9.3e |
Redeemable at notice |
Domestic |
Non-MFIs |
Other residents |
Other financial intermediaries |
By maturity (2 bands) |
n/a |
n/a |
||||||
|
9.3e |
Redeemable at notice |
Domestic |
Non-MFIs |
Other residents |
Insurance corporations and pension funds |
By maturity (2 bands) |
n/a |
n/a |
||||||
|
9.3e |
Redeemable at notice |
Domestic |
Non-MFIs |
Other residents |
Non-financial corporations |
By maturity (2 bands) |
n/a |
n/a |
||||||
|
9.3e |
Redeemable at notice |
Domestic |
Non-MFIs |
Other residents |
Households |
By maturity (2 bands) |
n/a |
n/a |
||||||
|
9.3e |
Redeemable at notice |
Other participating Member States |
Non-MFIs |
General Government |
Other general government |
By maturity (2 bands) |
n/a |
n/a |
||||||
|
9.3e |
Redeemable at notice |
Other participating Member States |
Non-MFIs |
Other residents |
By maturity (2 bands) |
n/a |
n/a |
|||||||
|
9.3e |
Redeemable at notice |
Other participating Member States |
Non-MFIs |
Other residents |
Other financial intermediaries |
By maturity (2 bands) |
n/a |
n/a |
||||||
|
9.3e |
Redeemable at notice |
Other participating Member States |
Non-MFIs |
Other residents |
Insurance corporations and pension funds |
By maturity (2 bands) |
n/a |
n/a |
||||||
|
9.3e |
Redeemable at notice |
Other participating Member States |
Non-MFIs |
Other residents |
Non-financial corporations |
By maturity (2 bands) |
n/a |
n/a |
||||||
|
9.3e |
Redeemable at notice |
Other participating Member States |
Non-MFIs |
Other residents |
Households |
By maturity (2 bands) |
n/a |
n/a |
||||||
|
9.4e |
Repos |
Domestic |
Non-MFIs |
General Government |
Other general government |
5,1 |
Liabilities to other euro area residents denominated in euro — general government |
Domestic |
Repos |
Other general government |
||||
|
12 |
Other liabilities |
Domestic |
Repos |
Euro |
Non-MFIs |
Other general government |
||||||||
|
9.4e |
Repos |
Domestic |
Non-MFIs |
Other residents |
5,2 |
Liabilities to other euro area residents denominated in euro — other liabilities |
Domestic |
Repos |
||||||
|
12 |
Other liabilities |
Domestic |
Repos |
Euro |
Non-MFIs |
Other residents |
||||||||
|
9.4e |
Repos |
Domestic |
Non-MFIs |
Other residents |
Other financial intermediaries |
5,2 |
Liabilities to other euro area residents denominated in euro — other liabilities |
Domestic |
Repos |
Other financial intermediaries |
||||
|
12 |
Other liabilities |
Domestic |
Repos |
Non-MFIs |
Other financial intermediaries |
|||||||||
|
9.4e |
Repos |
Domestic |
Non-MFIs |
Other residents |
Insurance corporations and pension funds |
5,2 |
Liabilities to other euro area residents denominated in euro — other liabilities |
Domestic |
Repos |
Insurance corporations and pension funds |
||||
|
12 |
Other liabilities |
Domestic |
Repos |
Non-MFIs |
Insurance corporations and pension funds |
|||||||||
|
9.4e |
Repos |
Domestic |
Non-MFIs |
Other residents |
Non-financial corporations |
5,2 |
Liabilities to other euro area residents denominated in euro — other liabilities |
Domestic |
Repos |
Non-financial corporations |
||||
|
12 |
Other liabilities |
Domestic |
Repos |
Euro |
Non-MFIs |
Non-financial corporations |
||||||||
|
9.4e |
Repos |
Domestic |
Non-MFIs |
Other residents |
Households |
5,2 |
Liabilities to other euro area residents denominated in euro — other liabilities |
Domestic |
Repos |
Households |
||||
|
12 |
Other liabilities |
Domestic |
Repos |
Euro |
Non-MFIs |
Households |
||||||||
|
9.4e |
Repos |
Other participating Member States |
Non-MFIs |
General Government |
Other general government |
5,1 |
Liabilities to other euro area residents denominated in euro — general government |
Other participating Member States |
Repos |
Other general government |
||||
|
12 |
Other liabilities |
Other participating Member States |
Repos |
Euro |
Non-MFIs |
Other general government |
||||||||
|
9.4e |
Repos |
Other participating Member States |
Non-MFIs |
Other residents |
5,2 |
Liabilities to other euro area residents denominated in euro — other liabilities |
Other participating Member States |
Repos |
||||||
|
12 |
Other liabilities |
Other participating Member States |
Repos |
Euro |
Non-MFIs |
Other residents |
||||||||
|
9.4e |
Repos |
Other participating Member States |
Non-MFIs |
Other residents |
Other financial intermediaries |
5,2 |
Liabilities to other euro area residents denomįnated in euro — other liabilities |
Other participating Member States |
Repos |
Other financial intermediaries |
||||
|
12 |
Other liabilities |
Other participating Member States |
Repos |
Euro |
Non-MFIs |
Other financial intermediaries |
||||||||
|
9.4e |
Repos |
Other participating Member States |
Non-MFIs |
Other residents |
Insurance corporations and pension funds |
5,2 |
Liabilities to other euro area residents denominated in euro — other liabilities |
Other participating Member States |
Repos |
Insurance corporations and pension funds |
||||
|
12 |
Other liabilities |
Other participating Member States |
Repos |
Euro |
Non-MFIs |
Insurance corporations and pension funds |
||||||||
|
9.4e |
Repos |
Other participating Member States |
Non-MFIs |
Other residents |
Non-financial corporations |
5,2 |
Liabilities to other euro area residents denominated in euro — other liabilities |
Other participating Member States |
Repos |
Non-financial corporations |
||||
|
12 |
Other liabilities |
Other participating Member States |
Repos |
Euro |
Non-MFIs |
Non-financial corporations |
||||||||
|
9.4e |
Repos |
Other participating Member States |
Non-MFIs |
Other residents |
Households |
5,2 |
Liabilities to other euro area residents denominated in euro — other liabilities |
Other participating Member States |
Repos |
Households |
||||
|
12 |
Other liabilities |
Other participating Member States |
Repos |
Euro |
Non-MFIs |
Households |
||||||||
|
9.1x |
Overnight |
Domestic |
Non-MFIs |
General Government |
Other general government |
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
Overnight |
Other general government |
||||
|
12 |
Other liabilities |
Domestic |
Overnight |
Foreign currency |
Non-MFIs |
Other general government |
||||||||
|
9.1x |
Overnight |
Domestic |
Non-MFIs |
Other residents |
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
Overnight |
Other residents |
|||||
|
12 |
Other liabilities |
Domestic |
Overnight |
Euro |
Non-MFIs |
Other residents |
||||||||
|
9.1x |
Overnight |
Domestic |
Non-MFIs |
Other residents |
Other financial intermediaries |
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
Overnight |
Other financial intermediaries |
||||
|
12 |
Other liabilities |
Domestic |
Overnight |
Euro |
Non-MFIs |
Other financial intermediaries |
||||||||
|
9.1x |
Overnight |
Domestic |
Non-MFIs |
Other residents |
Insurance corporations and pension funds |
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
Overnight |
Insurance corporations and pension funds |
||||
|
12 |
Other liabilities |
Domestic |
Overnight |
Euro |
Non-MFIs |
Insurance corporations and pension funds |
||||||||
|
9.1x |
Overnight |
Domestic |
Non-MFIs |
Other residents |
Non-financial corporations |
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
Overnight |
Non-financial corporations |
||||
|
12 |
Other liabilities |
Domestic |
Overnight |
Foreign currency |
Non-MFIs |
Non-financial corporations |
||||||||
|
9.1x |
Overnight |
Domestic |
Non-MFIs |
Other residents |
Households |
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
Overnight |
Households |
||||
|
12 |
Other liabilities |
Domestic |
Overnight |
Foreign currency |
Non-MFIs |
Households |
||||||||
|
9.1x |
Overnight |
Other participating Member States |
Non-MFIs |
General Government |
Other general government |
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
Overnight |
Other general government |
||||
|
12 |
Other liabilities |
Other participating Member States |
Overnight |
Foreign currency |
Non-MFIs |
Other general government |
||||||||
|
9.1x |
Overnight |
Other participating Member States |
Non-MFIs |
Other residents |
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
Overnight |
Other residents |
|||||
|
12 |
Other liabilities |
Other participating Member States |
Overnight |
Foreign currency |
Non-MFIs |
Other residents |
||||||||
|
9.1x |
Overnight |
Other participating Member States |
Non-MFIs |
Other residents |
Other financial intermediaries |
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
Overnight |
Other financial intermediaries |
||||
|
12 |
Other liabilities |
Other participating Member States |
Overnight |
Foreign currency |
Non-MFIs |
Other financial intermediaries |
||||||||
|
9.1x |
Overnight |
Other participating Member States |
Non-MFIs |
Other residents |
Insurance corporations and pension funds |
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
Overnight |
Insurance corporations and pension funds |
||||
|
12 |
Other liabilities |
Other participating Member States |
Overnight |
Foreign currency |
Non-MFIs |
Insurance corporations and pension funds |
||||||||
|
9.1x |
Overnight |
Other participating Member States |
Non-MFIs |
Other residents |
Non-financial corporations |
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
Overnight |
Non-financial corporations |
||||
|
12 |
Other liabilities |
Other participating Member States |
Overnight |
Foreign currency |
Non-MFIs |
Non-financial corporations |
||||||||
|
9.1x |
Overnight |
Other participating Member States |
Non-MFIs |
Other residents |
Households |
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
Overnight |
Households |
||||
|
12 |
Other liabilities |
Other participating Member States |
Overnight |
Foreign currency |
Non-MFIs |
Households |
||||||||
|
9.2x |
With agreed maturity |
Domestic |
Non-MFIs |
General Government |
Other general government |
By maturity (3 bands) |
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
With agreed maturity |
Other general government |
By maturity (3 bands) |
||
|
12 |
Other liabilities |
Domestic |
With agreed maturity |
Foreign currency |
Non-MFIs |
Other general government |
By maturity (3 bands) |
|||||||
|
9.2x |
With agreed maturity |
Domestic |
Non-MFIs |
Other residents |
By maturity (3 bands) |
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
With agreed maturity |
Other residents |
By maturity (3 bands) |
|||
|
12 |
Other liabilities |
Domestic |
With agreed maturity |
Foreign currency |
Non-MFIs |
Other residents |
By maturity (3 bands) |
|||||||
|
9.2x |
With agreed maturity |
Domestic |
Non-MFIs |
Other residents |
Other financial intermediaries |
By maturity (3 bands) |
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
With agreed maturity |
Other financial intermediaries |
By maturity (3 bands) |
||
|
12 |
Other liabilities |
Domestic |
With agreed maturity |
Foreign currency |
Non-MFIs |
Other financial intermediaries |
By maturity (3 bands) |
|||||||
|
9.2x |
With agreed maturity |
Domestic |
Non-MFIs |
Other residents |
Insurance corporations and pension funds |
By maturity (3 bands) |
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
With agreed maturity |
Insurance corporations and pension funds |
By maturity (3 bands) |
||
|
12 |
Other liabilities |
Domestic |
With agreed maturity |
Foreign currency |
Non-MFIs |
Insurance corporations and pension funds |
By maturity (3 bands) |
|||||||
|
9.2x |
With agreed maturity |
Domestic |
Non-MFIs |
Other residents |
Non-financial corporations |
By maturity (3 bands) |
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
With agreed maturity |
Non-financial corporations |
By maturity (3 bands) |
||
|
12 |
Other liabilities |
Domestic |
With agreed maturity |
Foreign currency |
Non-MFIs |
Non-financial corporations |
By maturity (3 bands) |
|||||||
|
9.2x |
With agreed maturity |
Domestic |
Non-MFIs |
Other residents |
Households |
By maturity (3 bands) |
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
With agreed maturity |
Households |
By maturity (3 bands) |
||
|
12 |
Other liabilities |
Domestic |
With agreed maturity |
Foreign currency |
Non-MFIs |
Households |
By maturity (3 bands) |
|||||||
|
9.2x |
With agreed maturity |
Other participating Member States |
Non-MFIs |
General Government |
Other general government |
By maturity (3 bands) |
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
With agreed maturity |
Other general government |
By maturity (3 bands) |
||
|
12 |
Other liabilities |
Other participating Member States |
With agreed maturity |
Foreign currency |
Non-MFIs |
Other general government |
By maturity (3 bands) |
|||||||
|
9.2x |
With agreed maturity |
Other participating Member States |
Non-MFIs |
Other residents |
By maturity (3 bands) |
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
With agreed maturity |
Other residents |
By maturity (3 bands) |
|||
|
12 |
Other liabilities |
Other participating Member States |
With agreed maturity |
Foreign currency |
Non-MFIs |
Other residents |
By maturity (3 bands) |
|||||||
|
9.2x |
With agreed maturity |
Other participating Member States |
Non-MFIs |
Other residents |
Other financial intermediaries |
By maturity (3 bands) |
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
With agreed maturity |
Other financial intermediaries |
By maturity (3 bands) |
||
|
12 |
Other liabilities |
Other participating Member States |
With agreed maturity |
Foreign currency |
Non-MFIs |
Other financial intermediaries |
By maturity (3 bands) |
|||||||
|
9.2x |
With agreed maturity |
Other participating Member States |
Non-MFIs |
Other residents |
Insurance corporations and pension funds |
By maturity (3 bands) |
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
With agreed maturity |
Insurance corporations and pension funds |
By maturity (3 bands) |
||
|
12 |
Other liabilities |
Other participating Member States |
With agreed maturity |
Foreign currency |
Non-MFIs |
Insurance corporations and pension funds |
By maturity (3 bands) |
|||||||
|
9.2x |
With agreed maturity |
Other participating Member States |
Non-MFIs |
Other residents |
Non-financial corporations |
By maturity (3 bands) |
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
With agreed maturity |
Non-financial corporations |
By maturity (3 bands) |
||
|
12 |
Other liabilities |
Other participating Member States |
With agreed maturity |
Foreign currency |
Non-MFIs |
Non-financial corporations |
By maturity (3 bands) |
|||||||
|
9.2x |
With agreed maturity |
Other participating Member States |
Non-MFIs |
Other residents |
Households |
By maturity (3 bands) |
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
With agreed maturity |
Households |
By maturity (3 bands) |
||
|
12 |
Other liabilities |
Other participating Member States |
With agreed maturity |
Foreign currency |
Non-MFIs |
Households |
By maturity (3 bands) |
|||||||
|
9.3x |
Redeemable at notice |
Domestic |
Non-MFIs |
General Government |
Other general government |
By maturity (2 bands) |
n/a |
n/a |
||||||
|
9.3x |
Redeemable at notice |
Domestic |
Non-MFIs |
Other residents |
By maturity (2 bands) |
n/a |
n/a |
|||||||
|
9.3x |
Redeemable at notice |
Domestic |
Non-MFIs |
Other residents |
Other financial intermediaries |
By maturity (2 bands) |
n/a |
n/a |
||||||
|
9.3x |
Redeemable at notice |
Domestic |
Non-MFIs |
Other residents |
Insurance corporations and pension funds |
By maturity (2 bands) |
n/a |
n/a |
||||||
|
9.3x |
Redeemable at notice |
Domestic |
Non-MFIs |
Other residents |
Non-financial corporations |
By maturity (2 bands) |
n/a |
n/a |
||||||
|
9.3x |
Redeemable at notice |
Domestic |
Non-MFIs |
Other residents |
Households |
By maturity (2 bands) |
n/a |
n/a |
||||||
|
9.3x |
Redeemable at notice |
Other participating Member States |
Non-MFIs |
General Government |
Other general government |
By maturity (2 bands) |
n/a |
n/a |
||||||
|
9.3x |
Redeemable at notice |
Other participating Member States |
Non-MFIs |
Other residents |
By maturity (2 bands) |
n/a |
n/a |
|||||||
|
9.3x |
Redeemable at notice |
Other participating Member States |
Non-MFIs |
Other residents |
Other financial intermediaries |
By maturity (2 bands) |
n/a |
n/a |
||||||
|
9.3x |
Redeemable at notice |
Other participating Member States |
Non-MFIs |
Other residents |
Insurance corporations and pension funds |
By maturity (2 bands) |
n/a |
n/a |
||||||
|
9.3x |
Redeemable at notice |
Other participating Member States |
Non-MFIs |
Other residents |
Non-financial corporations |
By maturity (2 bands) |
n/a |
n/a |
||||||
|
9.3x |
Redeemable at notice |
Other participating Member States |
Non-MFIs |
Other residents |
Households |
By maturity (2 bands) |
n/a |
n/a |
||||||
|
9.4x |
Repos |
Domestic |
Non-MFIs |
General Government |
Other general government |
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
Repos |
Other general government |
||||
|
12 |
Other liabilities |
Domestic |
Repos |
Foreign currency |
Non-MFIs |
Other general government |
||||||||
|
9.4x |
Repos |
Domestic |
Non-MFIs |
Other residents |
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
Repos |
Other residents |
|||||
|
12 |
Other liabilities |
Domestic |
Repos |
Foreign currency |
Non-MFIs |
Other residents |
||||||||
|
9.4x |
Repos |
Domestic |
Non-MFIs |
Other residents |
Other financial intermediaries |
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
Repos |
Other financial intermediaries |
||||
|
12 |
Other liabilities |
Domestic |
Repos |
Non-MFIs |
Other financial intermediaries |
|||||||||
|
9.4x |
Repos |
Domestic |
Non-MFIs |
Other residents |
Insurance corporations and pension funds |
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
Repos |
Insurance corporations and pension funds |
||||
|
12 |
Other liabilities |
Domestic |
Repos |
Non-MFIs |
Insurance corporations and pension funds and pension funds |
|||||||||
|
9.4x |
Repos |
Domestic |
Non-MFIs |
Other residents |
Non-financial corporations |
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
Repos |
Non-financial corporations |
||||
|
12 |
Other liabilities |
Domestic |
Repos |
Foreign currency |
Non-MFIs |
Non-financial corporations |
||||||||
|
9.4x |
Repos |
Domestic |
Non-MFIs |
Other residents |
Households |
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
Repos |
Households |
||||
|
12 |
Other liabilities |
Domestic |
Repos |
Foreign currency |
Non-MFIs |
Households |
||||||||
|
9.4x |
Repos |
Other participating Member States |
Non-MFIs |
General Government |
Other general government |
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
Repos |
Other general government |
||||
|
12 |
Other liabilities |
Other participating Member States |
Repos |
Foreign currency |
Non-MFIs |
Other general government |
||||||||
|
9.4x |
Repos |
Other participating Member States |
Non-MFIs |
Other residents |
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
Repos |
Other residents |
|||||
|
12 |
Other liabilities |
Other participating Member States |
Repos |
Non-MFIs |
Other residents |
|||||||||
|
9.4x |
Repos |
Other participating Member States |
Non-MFIs |
Other residents |
Other financial intermediaries |
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
Repos |
Other residents |
||||
|
12 |
Other liabilities |
Other participating Member States |
Repos |
Non-MFIs |
Other residents |
|||||||||
|
9.4x |
Repos |
Other participating Member States |
Non-MFIs |
Other residents |
Insurance corporations and pension funds |
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
Repos |
Other residents |
||||
|
12 |
Other liabilities |
Other participating Member States |
Repos |
Foreign currency |
Non-MFIs |
Other residents |
||||||||
|
9.4x |
Repos |
Other participating Member States |
Non-MFIs |
Other residents |
Non-financial corporations |
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
Repos |
Other residents |
||||
|
12 |
Other liabilities |
Other participating Member States |
Repos |
Foreign currency |
Non-MFIs |
Other residents |
||||||||
|
9.4x |
Repos |
Other participating Member States |
Non-MFIs |
Other residents |
Households |
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
Repos |
Other residents |
||||
|
12 |
Other liabilities |
Other participating Member States |
Repos |
Foreign currency |
Non-MFIs |
Other residents |
||||||||
|
10 |
Money market fund shares/units |
n/a |
n/a |
|||||||||||
|
11e |
Debt securities issued |
Up to 1 year |
4 |
Debt certificates issued |
Up to 1 year |
|||||||||
|
11e |
Debt securities issued |
Over 1 & up to 2 years |
n/a |
n/a |
||||||||||
|
11e |
Debt securities issued© |
Over 2 years |
n/a |
n/a |
||||||||||
|
11x |
Debt securities issued |
Up to 1 year |
n/a |
n/a |
||||||||||
|
11x |
Debt securities issued |
Over 1 & up to 2 years |
n/a |
n/a |
||||||||||
|
11x |
Debt securities issued |
Over 2 years |
n/a |
n/a |
||||||||||
|
12 |
Capital and reserves |
(11) |
(Other assets) |
|||||||||||
|
12 |
Other liabilities |
Capital and reserves |
||||||||||||
|
13 |
Provisions |
Capital and reserves |
||||||||||||
|
14 |
Revaluation accounts |
|||||||||||||
|
15 |
Capital and reserves |
|||||||||||||
|
13 |
Remaining liabilities |
10,3 |
Intra-Eurosystem liabilities — net liabilities related to allocation of euro banknotes within the Eurosystem |
Remaining liabilities |
||||||||||
|
11 |
Items in course of settlement |
Remaining liabilities |
||||||||||||
|
12 |
Other liabilities |
Remaining liabilities |
||||||||||||
|
13 |
Provisions |
Remaining liabilities |
||||||||||||
|
CB3 |
Counterpart of SDRs |
9 |
Counterpart of SDR allocated by the IMF |
|||||||||||
|
Domestic intra-Eurosystem positions apply only to ECB or Deutsche Bundesbank. |
||||||||||||||
BRIDGING TABLE
(Monthly data)
|
Bridging table. Item-by-item correspondence |
||||||||||||||||
|
ASSETS |
||||||||||||||||
|
Stocks |
||||||||||||||||
|
Regulation ECB/2001/13 — Annex 1 — Table 1 |
Accounting balance sheet format |
|||||||||||||||
|
Item |
Description |
Breakdown |
Item |
Description |
Further breakdown provided |
|||||||||||
|
Residence |
Sector |
Sub-sector |
Purpose |
Maturity |
Residence |
Type |
Sector |
Sub-sector |
Purpose |
Maturity/currency |
||||||
|
1 |
Cash (all currencies) |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Cash |
||||||||||||
|
11 |
Other assets |
|||||||||||||||
|
1e |
Cash, of which euro |
11 |
Other assets |
|||||||||||||
|
2 |
Loans |
Domestic |
MFIs |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Loans |
|||||||||
|
5,1 |
Lending to euro area credit institutions related to monetary policy operations denominated in euro — main refinancing operations |
Domestic |
||||||||||||||
|
5,2 |
Lending to euro area credit institutions related to monetary policy operations denominated in euro — longer-term refinancing operations |
Domestic |
||||||||||||||
|
5,3 |
Lending to euro area credit institutions related to monetary policy operations denominated in euro — fine-tuning reverse operations |
Domestic |
||||||||||||||
|
5,4 |
Lending to euro area credit institutions related to monetary policy operations denominated in euro — structural reverse operations |
Domestic |
||||||||||||||
|
5,5 |
Lending to euro area credit institutions related to monetary policy operations denominated in euro — marginal lending facility |
Domestic |
||||||||||||||
|
5,6 |
Lending to euro area credit institutions related to monetary policy operations denominated in euro — credits related to margin calls |
Domestic |
||||||||||||||
|
6 |
Other claims on euro area credit institutions denominated in euro |
Domestic |
Loans |
|||||||||||||
|
9,2 |
Intra-Eurosystem claims — claims equivalent to the transfer of foreign reserves (only NCBs' balance sheet) |
Domestic |
||||||||||||||
|
9,3 |
Intra-Eurosystem claims — claims related to promissory notes backing the issuance of ECB debt certificates (only ECB's balance sheet) |
Domestic |
||||||||||||||
|
9,5 |
Intra-Eurosystem claims — other claims within the Eurosystem |
Domestic |
||||||||||||||
|
11 |
Other assets |
Domestic |
Loans |
MFIs |
||||||||||||
|
2 |
Loans |
Domestic |
Non-MFIs |
General government |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Loans |
||||||||
|
8 |
General government debt denominated in euro |
Domestic |
Loans |
|||||||||||||
|
11 |
Other assets |
Domestic |
Loans |
Non-MFIs |
General government |
|||||||||||
|
2 |
Loans |
Domestic |
Non-MFIs |
Other residents |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Loans |
||||||||
|
11 |
Other assets |
Domestic |
Loans |
Non-MFIs |
Other residents |
|||||||||||
|
2 |
Loans |
Domestic |
Non-MFIs |
Other residents |
Other financial intermediaries |
By maturity (3 bands) |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Loans |
Other financial intermediaries |
By maturity (3 bands) |
||||
|
11 |
Other assets |
Domestic |
Loans |
Non-MFIs |
Other residents |
Other financial intermediaries |
By maturity (3 bands) |
|||||||||
|
2 |
Loans |
Domestic |
Non-MFIs |
Other residents |
Insurance corporations and pension funds |
By maturity (3 bands) |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Loans |
Insurance corporations and pension funds |
By maturity (3 bands) |
||||
|
11 |
Other assets |
Domestic |
Loans |
Non-MFIs |
Other residents |
Insurance corporations and pension funds |
By maturity (3 bands) |
|||||||||
|
2 |
Loans |
Domestic |
Non-MFIs |
Other residents |
Non-financial corporations |
By maturity (3 bands) |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Loans |
Non-financial corporations |
By maturity (3 bands) |
||||
|
11 |
Other assets |
Domestic |
Loans |
Non-MFIs |
Other residents |
Non-financial corporations |
By maturity (3 bands) |
|||||||||
|
2 |
Loans |
Domestic |
Non-MFIs |
Other residents |
Households |
Consumer credit |
By maturity (3 bands) |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Loans |
Households |
Consumer credit |
By maturity (3 bands) |
||
|
11 |
Other assets |
Domestic |
Loans |
Non-MFIs |
Other residents |
Households |
Consumer credit |
By maturity (3 bands) |
||||||||
|
2 |
Loans |
Domestic |
Non-MFIs |
Other residents |
Households |
Lending for house purchase |
By maturity (3 bands) |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Loans |
Households |
Lending for house purchase |
By maturity (3 bands) |
||
|
11 |
Other assets |
Domestic |
Loans |
Non-MFIs |
Other residents |
Households |
Lending for house purchase |
By maturity (3 bands) |
||||||||
|
2 |
Loans |
Domestic |
Non-MFIs |
Other residents |
Households |
Other (residual) |
By maturity (3 bands) |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Loans |
Households |
Other (residual) |
By maturity (3 bands) |
||
|
11 |
Other assets |
Domestic |
Loans |
Non-MFIs |
Other residents |
Households |
Other (residual) |
By maturity (3 bands) |
||||||||
|
2 |
Loans |
Other participating Member States |
MFIs |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Loans |
|||||||||
|
5,1 |
Lending to euro area credit institutions related to monetary policy operations denominated in euro — main refinancing operations |
Other participating Member States |
||||||||||||||
|
5,2 |
Lending to euro area credit institutions related to monetary policy operations denominated in euro — longer-term refinancing operations |
Other participating Member States |
||||||||||||||
|
5,3 |
Lending to euro area credit institutions related to monetary policy operations denominated in euro — fine-tuning reverse operations |
Other participating Member States |
||||||||||||||
|
5,4 |
Lending to euro area credit institutions related to monetary policy operations denominated in euro — structural reverse operations |
Other participating Member States |
||||||||||||||
|
5,5 |
Lending to euro area credit institutions related to monetary policy operations denominated in euro — marginal lending facility |
Other participating Member States |
||||||||||||||
|
5,6 |
Lending to euro area credit institutions related to monetary policy operations denominated in euro — credits related to margin calls |
Other participating Member States |
||||||||||||||
|
6 |
Other claims on euro area credit institutions denominated in euro |
Other participating Member States |
Loans |
|||||||||||||
|
9,2 |
Intra-Eurosystem claims — claims equivalent to the transfer of foreign reserves (only NCBs' balance sheet) |
Other participating Member States |
||||||||||||||
|
9,3 |
Intra-Eurosystem claims — claim related to promissory notes backing the issuance of ECB debt certificates (only ECB's balance sheet) |
Other participating Member States |
||||||||||||||
|
9,5 |
Intra-Eurosystem claims — other claims within the Eurosystem |
Other participating Member States |
||||||||||||||
|
11 |
Other assets |
Other participating Member States |
Loans |
MFIs |
||||||||||||
|
2 |
Loans |
Other participating Member States |
Non-MFIs |
General government |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Loans |
||||||||
|
8 |
General government debt denominated in euro |
Other participating Member States |
Loans |
|||||||||||||
|
11 |
Other assets |
Other participating Member States |
Loans |
Non-MFIs |
General government |
|||||||||||
|
2 |
Loans |
Other participating Member States |
Non-MFIs |
Other residents |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Loans |
||||||||
|
11 |
Other assets |
Other participating Member States |
Loans |
Non-MFIs |
Other residents |
|||||||||||
|
2 |
Loans |
Other participating Member States |
Non-MFIs |
Other residents |
Other financial intermediaries |
By maturity (3 bands) |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Loans |
Other financial intermediaries |
By maturity (3 bands) |
||||
|
11 |
Other assets |
Other participating Member States |
Loans |
Non-MFIs |
Other residents |
Other financial intermediaries |
By maturity (3 bands) |
|||||||||
|
2 |
Loans |
Other participating Member States |
Non-MFIs |
Other residents |
Insurance corporations and pension funds |
By maturity (3 bands) |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Loans |
Insurance corporations and pension funds |
By maturity (3 bands) |
||||
|
11 |
Other assets |
Other participating Member States |
Loans |
Non-MFIs |
Other residents |
Insurance corporations and pension funds |
By maturity (3 bands) |
|||||||||
|
2 |
Loans |
Other participating Member States |
Non-MFIs |
Other residents |
Non-financial corporations |
By maturity (3 bands) |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Loans |
Non-financial corporations |
By maturity (3 bands) |
||||
|
11 |
Other assets |
Other participating Member States |
Loans |
Non-MFIs |
Other residents |
Non-financial corporations |
By maturity (3 bands) |
|||||||||
|
2 |
Loans |
Other participating Member States |
Non-MFIs |
Other residents |
Households |
Consumer credit |
By maturity (3 bands) |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Loans |
Households |
Consumer credit |
By maturity (3 bands) |
||
|
11 |
Other assets |
Other participating Member States |
Loans |
Non-MFIs |
Other residents |
Households |
Consumer credit |
By maturity (3 bands) |
||||||||
|
2 |
Loans |
Other participating Member States |
Non-MFIs |
Other residents |
Households |
Lending for house purchase |
By maturity (3 bands) |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Loans |
Households |
Lending for house purchase |
By maturity (3 bands) |
||
|
11 |
Other assets |
Other participating Member States |
Loans |
Non-MFIs |
Other residents |
Households |
Lending for house purchase |
By maturity (3 bands) |
||||||||
|
2 |
Loans |
Other participating Member States |
Non-MFIs |
Other residents |
Households |
Other (residual) |
By maturity (3 bands) |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Loans |
Households |
Other (residual) |
By maturity (3 bands) |
||
|
11 |
Other assets |
Other participating Member States |
Loans |
Non-MFIs |
Other residents |
Households |
Other (residual) |
By maturity (3 bands) |
||||||||
|
2 |
Loans |
Rest of the world |
2,1 |
Claims on non-euro area residents denominated in foreign currency — receivables from the IMF |
Loans |
|||||||||||
|
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
|||||||||||||||
|
4,1 |
Claims on non-euro area residents denominated in euro — balances with banks, security investments and loans |
Loans |
||||||||||||||
|
4,2 |
Claims on non-euro area residents denominated in euro — claims arising from the credit facility under ERM II |
|||||||||||||||
|
11 |
Other assets |
Rest of the world |
Loans |
|||||||||||||
|
2 |
Loans |
Rest of the world |
Up to 1 year |
2,1 |
Claims on non-euro area residents denominated in foreign currency — receivables from the IMF |
Loans |
||||||||||
|
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Up to 1 year |
||||||||||||||
|
4,1 |
Claims on non-euro area residents denominated in euro — balances with banks, security investments and loans |
Loans |
Up to 1 year |
|||||||||||||
|
4,2 |
Claims on non-euro area residents denominated in euro — claims arising from the credit facility under ERM II |
|||||||||||||||
|
11 |
Other assets |
Rest of the world |
Loans |
Up to 1 year |
||||||||||||
|
2 |
Loans |
Rest of the world |
Over 1 year |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Over 1 year |
||||||||||
|
4,1 |
Claims on non-euro area residents denominated in euro — balances with banks, security investments and loans |
Loans |
Over 1 year |
|||||||||||||
|
11 |
Other assets |
Rest of the world |
Loans |
Over 1 year |
||||||||||||
|
2e |
Loans, of which euro |
Domestic |
Non-MFIs |
General government |
8 |
General government debt denominated in euro |
Domestic |
Loans |
||||||||
|
11 |
Other assets |
Domestic |
Loans |
Non-MFIs |
General government |
Euro |
||||||||||
|
2e |
Loans, of which euro |
Domestic |
Non-MFIs |
Other residents |
11 |
Other assets |
Domestic |
Loans |
Non-MFIs |
Other residents |
Euro |
|||||
|
2e |
Loans, of which euro |
Domestic |
Non-MFIs |
Other residents |
Other financial intermediaries |
11 |
Other assets |
Domestic |
Loans |
Non-MFIs |
Other residents |
Other financial intermediaries |
Euro |
|||
|
2e |
Loans, of which euro |
Domestic |
Non-MFIs |
Other residents |
Insurance corporations and pension funds |
11 |
Other assets |
Domestic |
Loans |
Non-MFIs |
Other residents |
Insurance corporations and pension funds |
Euro |
|||
|
2e |
Loans, of which euro |
Domestic |
Non-MFIs |
Other residents |
Non-financial corporations |
11 |
Other assets |
Domestic |
Loans |
Non-MFIs |
Other residents |
Non-financial corporations |
Euro |
|||
|
2e |
Loans, of which euro |
Domestic |
Non-MFIs |
Other residents |
Households |
11 |
Other assets |
Domestic |
Loans |
Non-MFIs |
Other residents |
Households |
Euro |
|||
|
2e |
Loans, of which euro |
Other participating Member States |
Non-MFIs |
General government |
8 |
General government debt denominated in euro |
Other participating Member States |
Loans |
||||||||
|
11 |
Other assets |
Other participating Member States |
Loans |
Non-MFIs |
General government |
Euro |
||||||||||
|
2e |
Loans, of which euro |
Other participating Member States |
Non-MFIs |
Other residents |
11 |
Other assets |
Other participating Member States |
Loans |
Non-MFIs |
Other residents |
Euro |
|||||
|
2e |
Loans, of which euro |
Other participating Member States |
Non-MFIs |
Other residents |
Other financial intermediaries |
11 |
Other assets |
Other participating Member States |
Loans |
Non-MFIs |
Other residents |
Other financial intermediaries |
Euro |
|||
|
2e |
Loans, of which euro |
Other participating Member States |
Non-MFIs |
Other residents |
Insurance corporations and pension funds |
11 |
Other assets |
Other participating Member States |
Loans |
Non-MFIs |
Other residents |
Insurance corporations and pension funds |
Euro |
|||
|
2e |
Loans, of which euro |
Other participating Member States |
Non-MFIs |
Other residents |
Non-financial corporations |
11 |
Other assets |
Other participating Member States |
Loans |
Non-MFIs |
Other residents |
Non-financial corporations |
Euro |
|||
|
2e |
Loans, of which euro |
Other participating Member States |
Non-MFIs |
Other residents |
Households |
11 |
Other assets |
Other participating Member States |
Loans |
Non-MFIs |
Other residents |
Households |
Euro |
|||
|
3e |
Securities other than shares — euro |
Domestic |
Non-MFIs |
General government |
7 |
Securities of euro area residents denominated in euro |
Domestic |
Securities (other than shares) |
Non-MFIs |
General government |
||||||
|
8 |
General government debt denominated in euro |
Domestic |
Securities (other than shares) |
|||||||||||||
|
11 |
Other assets |
Domestic |
Securities (other than shares) |
Non-MFIs |
General government |
Euro |
||||||||||
|
3e |
Securities other than shares — euro |
Domestic |
Non-MFIs |
Other residents |
7 |
Securities of euro area residents denominated in euro |
Domestic |
Securities (other than shares) |
Non-MFIs |
Other residents |
||||||
|
11 |
Other assets |
Domestic |
Securities (other than shares) |
Non-MFIs |
Other residents |
Euro |
||||||||||
|
3e |
Securities other than shares — euro |
Other participating Member States |
Non-MFIs |
General government |
7 |
Securities of euro area residents denominated in euro |
Other participating Member States |
Securities (other than shares) |
Non-MFIs |
General government |
||||||
|
8 |
General government debt denominated in euro |
Other participating Member States |
Securities (other than shares) |
|||||||||||||
|
11 |
Other assets |
Other participating Member States |
Securities (other than shares) |
Non-MFIs |
General government |
Euro |
||||||||||
|
3e |
Securities other than shares — euro |
Other participating Member States |
Non-MFIs |
Other residents |
7 |
Securities of euro area residents denominated in euro |
Other participating Member States |
Securities (other than shares) |
Non-MFIs |
Other residents |
||||||
|
11 |
Other assets |
Other participating Member States |
Securities (other than shares) |
Non-MFIs |
Other residents |
Euro |
||||||||||
|
3e |
Securities other than shares — euro |
Domestic |
MFIs |
By maturity (3 bands) |
6 |
Other claims on euro area credit institutions denominated in euro |
Domestic |
Securities (other than shares) |
MFIs |
By maturity (3 bands) |
||||||
|
7 |
Securities of euro area residents denominated in euro |
Domestic |
Securities (other than shares) |
MFIs |
By maturity (3 bands) |
|||||||||||
|
11 |
Other assets |
Domestic |
Securities (other than shares) |
MFIs |
By maturity (3 bands) / Euro |
|||||||||||
|
3e |
Securities other than shares — euro |
Other participating Member States |
MFIs |
By maturity (3 bands) |
6 |
Other claims on euro area credit institutions denominated in euro |
Other participating Member States |
Securities (other than shares) |
MFIs |
By maturity (3 bands) |
||||||
|
7 |
Securities of euro area residents denominated in euro |
Other participating Member States |
Securities (other than shares) |
MFIs |
By maturity (3 bands) |
|||||||||||
|
11 |
Other assets |
Other participating Member States |
Securities (other than shares) |
MFIs |
By maturity (3 bands) / Euro |
|||||||||||
|
3x |
Securities other than shares — foreign currencies |
Domestic |
Non-MFIs |
General government |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Securities (other than shares) |
||||||||
|
11 |
Other assets |
Domestic |
Securities (other than shares) |
Non-MFIs |
General government |
Foreign currencies |
||||||||||
|
3x |
Securities other than shares — foreign currencies |
Domestic |
Non-MFIs |
Other residents |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Securities (other than shares) |
||||||||
|
11 |
Other assets |
Domestic |
Securities (other than shares) |
Non-MFIs |
Other residents |
Foreign currencies |
||||||||||
|
3x |
Securities other than shares — foreign currencies |
Other participating Member States |
Non-MFIs |
General government |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Securities (other than shares) |
||||||||
|
11 |
Other assets |
Other participating Member States |
Securities (other than shares) |
Non-MFIs |
General government |
Foreign currencies |
||||||||||
|
3x |
Securities other than shares — foreign currencies |
Other participating Member States |
Non-MFIs |
Other residents |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Securities (other than shares) |
||||||||
|
11 |
Other assets |
Other participating Member States |
Securities (other than shares) |
Non-MFIs |
Other residents |
Foreign currencies |
||||||||||
|
3x |
Securities other than shares — foreign currencies |
Domestic |
MFIs |
By maturity (3 bands) |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Securities (other than shares) |
By maturity (3 bands) |
|||||||
|
11 |
Other assets |
Domestic |
Securities (other than shares) |
MFIs |
By maturity (3 bands) / Foreign currencies |
|||||||||||
|
3x |
Securities other than shares — foreign currencies |
Other participating Member States |
MFIs |
By maturity (3 bands) |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Securities (other than shares) |
By maturity (3 bands) |
|||||||
|
11 |
Other assets |
Other participating Member States |
Securities (other than shares) |
MFIs |
By maturity (3 bands) / Foreign currencies |
|||||||||||
|
3 |
Securities other than shares |
Rest of the world |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Securities (other than shares) |
|||||||||||
|
4,1 |
Claims on non-euro area residents denominated in euro — balances with banks, security investments and loans |
Securities (other than shares) |
||||||||||||||
|
11 |
Other assets |
Rest of the world |
Securities (other than shares) |
|||||||||||||
|
4 |
MMF shares/units |
Domestic |
MFIs |
11 |
Other assets |
Domestic |
MMF shares/units |
|||||||||
|
4 |
MMF shares/units |
Other participating Member States |
MFIs |
11 |
Other assets |
Other participating Member States |
MMF shares/units |
|||||||||
|
5 |
Shares & other equity |
Domestic |
MFIs |
6 |
Other claims on euro area credit institutions denominated in euro |
Domestic |
Shares & other equity |
|||||||||
|
9,1 |
Intra-Eurosystem claims — participating interest in ECB (only NCBs' balance sheet) |
Domestic |
||||||||||||||
|
11 |
Other assets |
Domestic |
Shares & other equity |
MFIs |
||||||||||||
|
5 |
Shares & other equity |
Domestic |
Non-MFIs |
Other residents |
11 |
Other assets |
Domestic |
Shares & other equity |
Non-MFIs |
|||||||
|
5 |
Shares & other equity |
Other participating Member States |
MFIs |
6 |
Other claims on euro area credit institutions denominated in euro |
Other participating Member States |
Shares & other equity |
|||||||||
|
9,1 |
Intra-Eurosystem claims — participating interest in ECB (only NCBs' balance sheet) |
Other participating Member States |
||||||||||||||
|
11 |
Other assets |
Other participating Member States |
Shares & other equity |
MFIs |
||||||||||||
|
5 |
Shares & other equity |
Other participating Member States |
Non-MFIs |
Other residents |
11 |
Other assets |
Other participating Member States |
Shares & other equity |
Non-MFIs |
|||||||
|
5 |
Shares & other equity |
Rest of the world |
11 |
Other assets |
Rest of the world |
Shares & other equity |
||||||||||
|
6 |
Fixed assets |
11 |
Other assets |
Fixed assets |
||||||||||||
|
7 |
Remaining assets |
9,4 |
Intra-Eurosystem claims — net claims related to the allocation of euro banknotes within the Eurosystem |
Remaining assets |
||||||||||||
|
10 |
Items in course of settlement |
Remaining assets |
||||||||||||||
|
11 |
Other assets |
Remaining assets |
||||||||||||||
|
CB1 |
Gold & gold receiv. (only monetary gold) |
1 |
Gold and gold receivables |
|||||||||||||
|
CB2 |
Receivables from IMF — drawing rights, SDRs, other claims |
2,1 |
Claims on non-euro area residents denominated in foreign currency — receivables from the IMF |
SDRs |
||||||||||||
|
Domestic intra-Eurosystem positions apply only to ECB or Deutsche Bundesbank. |
||||||||||||||||
BRIDGING TABLE
Sector breakdown (Quarterly data)
|
Bridging table. Item-by-item correspondence |
|||||||||||||
|
LIABILITIES |
|||||||||||||
|
Stocks |
|||||||||||||
|
Regulation ECB/2001/13 — Annex 1 — Table 2 |
Accounting balance sheet format |
||||||||||||
|
Item |
Description |
Breakdown |
Item |
Description |
Further breakdown provided |
||||||||
|
Residence |
Sector |
Sub-sectors |
Residence |
Type |
Sector |
Sub-sectors |
Maturity |
||||||
|
9 |
Deposits (all currencies) |
Rest of the world |
Banks |
6 |
Liabilities to non-euro area residents denominated in euro |
Banks |
|||||||
|
8,1 |
Liabilities to non-euro area residents denominated in foreign currency — deposits, balances and other liabilities |
Banks |
|||||||||||
|
8,2 |
Liabilities to non-euro area residents denominated in foreign currency — liabilities arising from the credit facility under ERM II |
||||||||||||
|
12 |
Other liabilities |
Rest of the world |
Banks |
||||||||||
|
9 |
Deposits (all currencies) |
Rest of the world |
Non-banks |
General government |
6 |
Liabilities to non-euro area residents denominated in euro |
Non-banks |
General government |
|||||
|
8,1 |
Liabilities to non-euro area residents denominated in foreign currency — deposits, balances and other liabilities |
Non-banks |
General government |
||||||||||
|
12 |
Other liabilities |
Rest of the world |
Non-banks |
General government |
|||||||||
|
9 |
Deposits (all currencies) |
Rest of the world |
Non-banks |
Other residents |
6 |
Liabilities to non-euro area residents denominated in euro |
Non-banks |
Other residents |
|||||
|
8,1 |
Liabilities to non-euro area residents denominated in foreign currency — deposits, balances and other liabilities |
Non-banks |
Other residents |
||||||||||
|
12 |
Other liabilities |
Rest of the world |
Non-banks |
Other residents |
|||||||||
|
9,1 |
Overnight |
Domestic |
Non-MFIs |
General government |
Other general government |
State government |
5,1 |
Liabilities to other euro area residents denominated in euro — general government |
Domestic |
Overnight |
State government |
||
|
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
Overnight |
State government |
|||||||||
|
12 |
Other liabilities |
Domestic |
Overnight |
General government |
State government |
||||||||
|
9,1 |
Overnight |
Domestic |
Non-MFIs |
General government |
Other general government |
Local authorities |
5,1 |
Liabilities to other euro area residents denominated in euro — general government |
Domestic |
Overnight |
Local authorities |
||
|
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
Overnight |
Local authorities |
|||||||||
|
12 |
Other liabilities |
Domestic |
Overnight |
General government |
Local authorities |
||||||||
|
9,1 |
Overnight |
Domestic |
Non-MFIs |
General government |
Other general government |
Social security funds |
5,1 |
Liabilities to other euro area residents denominated in euro — general government |
Domestic |
Overnight |
Social security funds |
||
|
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
Overnight |
Social security funds |
|||||||||
|
12 |
Other liabilities |
Domestic |
Overnight |
General government |
Social security funds |
||||||||
|
9,1 |
Overnight |
Other participating Member States |
Non-MFIs |
General government |
Other general government |
State government |
5,1 |
Liabilities to other euro area residents denominated in euro — general government |
Other participating Member States |
Overnight |
State government |
||
|
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
Overnight |
State government |
|||||||||
|
12 |
Other liabilities |
Other participating Member States |
Overnight |
General government |
State government |
||||||||
|
9,1 |
Overnight |
Other participating Member States |
Non-MFIs |
General government |
Other general government |
Local authorities |
5,1 |
Liabilities to other euro area residents denominated in euro — general government |
Other participating Member States |
Overnight |
Local authorities |
||
|
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
Overnight |
Local authorities |
|||||||||
|
12 |
Other liabilities |
Other participating Member States |
Overnight |
General government |
Local authorities |
||||||||
|
9,1 |
Overnight |
Other participating Member States |
Non-MFIs |
General government |
Other general government |
Social security funds |
5,1 |
Liabilities to other euro area residents denominated in euro — general government |
Other participating Member States |
Overnight |
Social security funds |
||
|
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
Overnight |
Social security funds |
|||||||||
|
12 |
Other liabilities |
Other participating Member States |
Overnight |
General government |
Social security funds |
||||||||
|
9,2 |
With agreed maturity |
Domestic |
Non-MFIs |
General government |
Other general government |
State government |
5,1 |
Liabilities to other euro area residents denominated in euro — general government |
Domestic |
With agreed maturity |
State government |
||
|
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
With agreed maturity |
State government |
|||||||||
|
12 |
Other liabilities |
Domestic |
With agreed maturity |
General government |
State government |
||||||||
|
9,2 |
With agreed maturity |
Domestic |
Non-MFIs |
General government |
Other general government |
Local authorities |
5,1 |
Liabilities to other euro area residents denominated in euro — general government |
Domestic |
With agreed maturity |
Local authorities |
||
|
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
With agreed maturity |
Local authorities |
|||||||||
|
12 |
Other liabilities |
Domestic |
With agreed maturity |
General government |
Local authorities |
||||||||
|
9,2 |
With agreed maturity |
Domestic |
Non-MFIs |
General government |
Other general government |
Social security funds |
5,1 |
Liabilities to other euro area residents denominated in euro — general government |
Domestic |
With agreed maturity |
Social security funds |
||
|
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
With agreed maturity |
Social security funds |
|||||||||
|
12 |
Other liabilities |
Domestic |
With agreed maturity |
General government |
Social security funds |
||||||||
|
9,2 |
With agreed maturity |
Other participating Member States |
Non-MFIs |
General government |
Other general government |
State government |
5,1 |
Liabilities to other euro area residents denominated in euro — general government |
Other participating Member States |
With agreed maturity |
State government |
||
|
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
With agreed maturity |
State government |
|||||||||
|
12 |
Other liabilities |
Other participating Member States |
With agreed maturity |
General government |
State government |
||||||||
|
9,2 |
With agreed maturity |
Other participating Member States |
Non-MFIs |
General government |
Other general government |
Local authorities |
5,1 |
Liabilities to other euro area residents denominated in euro — general government |
Other participating Member States |
With agreed maturity |
Local authorities |
||
|
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
With agreed maturity |
Local authorities |
|||||||||
|
12 |
Other liabilities |
Other participating Member States |
With agreed maturity |
General government |
Local authorities |
||||||||
|
9,2 |
With agreed maturity |
Other participating Member States |
Non-MFIs |
General government |
Other general government |
Social security funds |
5,1 |
Liabilities to other euro area residents denominated in euro — general government |
Other participating Member States |
With agreed maturity |
Social security funds |
||
|
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
With agreed maturity |
Social security funds |
|||||||||
|
12 |
Other liabilities |
Other participating Member States |
With agreed maturity |
General government |
Social security funds |
||||||||
|
9,3 |
Redeemable at notice |
Domestic |
Non-MFIs |
General government |
Other general government |
State government |
n/a |
n/a |
|||||
|
9,3 |
Redeemable at notice |
Domestic |
Non-MFIs |
General government |
Other general government |
Social security funds |
n/a |
n/a |
|||||
|
9,3 |
Redeemable at notice |
Other participating Member States |
Non-MFIs |
General government |
Other general government |
State government |
n/a |
n/a |
|||||
|
9,3 |
Redeemable at notice |
Other participating Member States |
Non-MFIs |
General government |
Other general government |
Local authorities |
n/a |
n/a |
|||||
|
9,3 |
Redeemable at notice |
Other participating Member States |
Non-MFIs |
General government |
Other general government |
Social security funds |
n/a |
n/a |
|||||
|
9,4 |
Repos |
Domestic |
Non-MFIs |
General government |
Other general government |
State government |
5,1 |
Liabilities to other euro area residents denominated in euro — general government |
Domestic |
Repos |
State government |
||
|
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
Repos |
State government |
|||||||||
|
12 |
Other liabilities |
Domestic |
Repos |
General government |
State government |
||||||||
|
9,4 |
Repos |
Domestic |
Non-MFIs |
General government |
Other general government |
Local authorities |
5,1 |
Liabilities to other euro area residents denominated in euro — general government |
Domestic |
Repos |
Local authorities |
||
|
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
Repos |
Local authorities |
|||||||||
|
12 |
Other liabilities |
Domestic |
Repos |
General government |
Local authorities |
||||||||
|
9,4 |
Repos |
Domestic |
Non-MFIs |
General government |
Other general government |
Social security funds |
5,1 |
Liabilities to other euro area residents denominated in euro — general government |
Domestic |
Repos |
Social security funds |
||
|
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
Repos |
Social security funds |
|||||||||
|
12 |
Other liabilities |
Domestic |
Repos |
General government |
Social security funds |
||||||||
|
9,4 |
Repos |
Other participating Member States |
Non-MFIs |
General government |
Other general government |
State government |
5,1 |
Liabilities to other euro area residents denominated in euro — general government |
Other participating Member States |
Repos |
State government |
||
|
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
Repos |
State government |
|||||||||
|
12 |
Other liabilities |
Domestic |
Repos |
General government |
State government |
||||||||
|
9,4 |
Repos |
Other participating Member States |
Non-MFIs |
General government |
Other general government |
Local authorities |
5,1 |
Liabilities to other euro area residents denominated in euro — general government |
Other participating Member States |
Repos |
Local authorities |
||
|
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
Repos |
Local authorities |
|||||||||
|
12 |
Other liabilities |
Other participating Member States |
Repos |
General government |
Local authorities |
||||||||
|
9,4 |
Repos |
Other participating Member States |
Non-MFIs |
General government |
Other general government |
Social security funds |
5,1 |
Liabilities to other euro area residents denominated in euro — general government |
Other participating Member States |
Repos |
Social security funds |
||
|
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
Repos |
Social security funds |
|||||||||
|
12 |
Other liabilities |
Other participating Member States |
Repos |
General government |
Social security funds |
||||||||
BRIDGING TABLE
Sector breakdown (Quarterly data)
|
Bridging table. Item-by-item correspondence |
|||||||||||||
|
ASSETS |
|||||||||||||
|
Stocks |
|||||||||||||
|
Regulation ECB/2001/13 — Annex 1 — Table 2 |
Accounting balance sheet format |
||||||||||||
|
Item |
Description |
Breakdown |
Item |
Description |
Further breakdown provided |
||||||||
|
Residence |
Sector |
Sub-sectors |
Residence |
Type |
Sector |
Sub-sector |
Maturity |
||||||
|
2 |
Loans |
Domestic |
Non-MFIs |
General government |
Central government |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Loans |
Central government |
|||
|
8 |
General government debt denominated in euro |
Domestic |
Loans |
Central government |
|||||||||
|
11 |
Other assets |
Domestic |
Loans |
General government |
Central government |
||||||||
|
2 |
Loans |
Other participating Member States |
Non-MFIs |
General government |
Central government |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Loans |
Central government |
|||
|
8 |
General government debt denominated in euro |
Other participating Member States |
Loans |
Central government |
|||||||||
|
11 |
Other assets |
Other participating Member States |
Loans |
General government |
Central government |
||||||||
|
2 |
Loans |
Rest of the world |
Banks |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Loans |
Banks |
||||||
|
4,1 |
Claims on non-euro area residents denominated in euro — balances with banks, security investments and loans |
Loans |
Banks |
||||||||||
|
4,2 |
Claims on non-euro area residents denominated in euro — claims arising from the credit facility under ERM II |
||||||||||||
|
11 |
Other assets |
Rest of the world |
Loans |
Banks |
|||||||||
|
2 |
Loans |
Rest of the world |
Non-banks |
General government |
2,1 |
Claims on non-euro area residents denominated in foreign currency — receivables from the IMF |
Loans |
General government |
|||||
|
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Loans |
Non-banks |
General government |
|||||||||
|
4,1 |
Claims on non-euro area residents denominated in euro — balances with banks, security investments and loans |
Loans |
Non-banks |
General government |
|||||||||
|
11 |
Other assets |
Rest of the world |
Loans |
Non-banks |
General government |
||||||||
|
2 |
Loans |
Rest of the world |
Non-banks |
Other residents |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Loans |
Non-banks |
Other residents |
||||
|
4,1 |
Claims on non-euro area residents denominated in euro — balances with banks, security investments and loans |
Loans |
Non-banks |
Other residents |
|||||||||
|
11 |
Other assets |
Rest of the world |
Loans |
Non-banks |
Other residents |
||||||||
|
2 |
Loans (3 maturity bands) |
Domestic |
Non-MFIs |
General government |
Other general government |
State government |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Loans |
State government |
By maturity (3 bands) |
|
|
8 |
General government debt denominated in euro |
Domestic |
Loans |
State government |
By maturity (3 bands) |
||||||||
|
11 |
Other assets |
Domestic |
Loans |
General government |
State government |
By maturity (3 bands) |
|||||||
|
2 |
Loans (3 maturity bands) |
Domestic |
Non-MFIs |
General government |
Other general government |
Local authorities |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Loans |
Local authorities |
By maturity (3 bands) |
|
|
8 |
General government debt denominated in euro |
Domestic |
Loans |
Local authorities |
By maturity (3 bands) |
||||||||
|
11 |
Other assets |
Domestic |
Loans |
General government |
Local authorities |
By maturity (3 bands) |
|||||||
|
2 |
Loans (3 maturity bands) |
Domestic |
Non-MFIs |
General government |
Other general government |
Social security funds |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Loans |
Social security funds |
By maturity (3 bands) |
|
|
8 |
General government debt denominated in euro |
Domestic |
Loans |
Social security funds |
By maturity (3 bands) |
||||||||
|
11 |
Other assets |
Domestic |
Loans |
General government |
Social security funds |
By maturity (3 bands) |
|||||||
|
2 |
Loans (3 maturity bands) |
Other participating Member States |
Non-MFIs |
General government |
Other general government |
State government |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Loans |
State government |
By maturity (3 bands) |
|
|
8 |
General government debt denominated in euro |
Other participating Member States |
Loans |
State government |
By maturity (3 bands) |
||||||||
|
11 |
Other assets |
Other participating Member States |
Loans |
General government |
State government |
By maturity (3 bands) |
|||||||
|
2 |
Loans (3 maturity bands) |
Other participating Member States |
Non-MFIs |
General government |
Other general government |
Local authorities |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Loans |
Local authorities |
By maturity (3 bands) |
|
|
8 |
General government debt denominated in euro |
Other participating Member States |
Loans |
Local authorities |
By maturity (3 bands) |
||||||||
|
11 |
Other assets |
Other participating Member States |
Loans |
General government |
Local authorities |
By maturity (3 bands) |
|||||||
|
2 |
Loans (3 maturity bands) |
Other participating Member States |
Non-MFIs |
General government |
Other general government |
Social security funds |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Loans |
Social security funds |
By maturity (3 bands) |
|
|
8 |
General government debt denominated in euro |
Other participating Member States |
Loans |
Social security funds |
By maturity (3 bands) |
||||||||
|
11 |
Other assets |
Other participating Member States |
Loans |
General government |
Social security funds |
By maturity (3 bands) |
|||||||
|
3 |
Securities other than shares |
Domestic |
Non-MFIs |
General government |
Central government |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Securities (other than shares) |
Central government |
|||
|
7 |
Securities of euro area residents denominated in euro |
Domestic |
General government |
Central government |
|||||||||
|
8 |
General government debt denominated in euro |
Domestic |
Securities (other than shares) |
Central government |
|||||||||
|
11 |
Other assets |
Domestic |
Securities (other than shares) |
General government |
Central government |
||||||||
|
3 |
Securities other than shares |
Other participating Member States |
Non-MFIs |
General government |
Central government |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Securities (other than shares) |
Central government |
|||
|
7 |
Securities of euro area residents denominated in euro |
Other participating Member States |
General government |
Central government |
|||||||||
|
8 |
General government debt denominated in euro |
Other participating Member States |
Securities (other than shares) |
Central government |
|||||||||
|
11 |
Other assets |
Other participating Member States |
Securities (other than shares) |
General government |
Central government |
||||||||
|
3 |
Securities other than shares |
Rest of the world |
Banks |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Securities (other than shares) |
Banks |
||||||
|
4,1 |
Claims on non-euro area residents denominated in euro — balances with banks, security investments and loans |
Securities (other than shares) |
Banks |
||||||||||
|
11 |
Other assets |
Rest of the world |
Securities (other than shares) |
Banks |
|||||||||
|
3 |
Securities other than shares |
Rest of the world |
Non-banks |
General government |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Securities (other than shares) |
Non banks |
General government |
||||
|
4,1 |
Claims on non-euro area residents denominated in euro — balances with banks, security investments and loans |
Securities (other than shares) |
Non banks |
General government |
|||||||||
|
11 |
Other assets |
Rest of the world |
Securities (other than shares) |
Non banks |
General government |
||||||||
|
3 |
Securities other than shares |
Rest of the world |
Non-banks |
Other residents |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Securities (other than shares) |
Non banks |
Other residents |
||||
|
4,1 |
Claims on non-euro area residents denominated in euro — balances with banks, security investments and loans |
Securities (other than shares) |
Non banks |
Other residents |
|||||||||
|
11 |
Other assets |
Rest of the world |
Securities (other than shares) |
Non banks |
Other residents |
||||||||
|
3 |
Securities other than shares (2 maturity bands) |
Domestic |
Non-MFIs |
General government |
Other general government |
State government |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Securities (other than shares) |
State government |
By maturity (2 bands) |
|
|
7 |
Securities of euro area residents denominated in euro |
Domestic |
General government |
State government |
By maturity (2 bands) |
||||||||
|
8 |
General government debt denominated in euro |
Domestic |
Securities (other than shares) |
State government |
By maturity (2 bands) |
||||||||
|
11 |
Other assets |
Domestic |
Securities (other than shares) |
General government |
State government |
By maturity (2 bands) |
|||||||
|
3 |
Securities other than shares (2 maturity bands) |
Domestic |
Non-MFIs |
General government |
Other general government |
Local authorities |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Securities (other than shares) |
Local authorities |
By maturity (2 bands) |
|
|
7 |
Securities of euro area residents denominated in euro |
Domestic |
General government |
Local authorities |
By maturity (2 bands) |
||||||||
|
8 |
General government debt denominated in euro |
Domestic |
Securities (other than shares) |
Local authorities |
By maturity (2 bands) |
||||||||
|
11 |
Other assets |
Domestic |
Securities (other than shares) |
General government |
Local authorities |
By maturity (2 bands) |
|||||||
|
3 |
Securities other than shares (2 maturity bands) |
Domestic |
Non-MFIs |
General government |
Other general government |
Social sec. Funds |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Securities (other than shares) |
Social security funds |
By maturity (2 bands) |
|
|
7 |
Securities of euro area residents denominated in euro |
Domestic |
General government |
Social security funds |
By maturity (2 bands) |
||||||||
|
8 |
General government debt denominated in euro |
Domestic |
Securities (other than shares) |
Social security funds |
By maturity (2 bands) |
||||||||
|
11 |
Other assets |
Domestic |
Securities (other than shares) |
General government |
Social security funds |
By maturity (2 bands) |
|||||||
|
3 |
Securities other than shares (2 maturity bands) |
Domestic |
Non-MFIs |
Other residents |
Other financial intermediaries |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Securities (other than shares) |
Other financial intermediaries |
By maturity (2 bands) |
||
|
7 |
Securities of euro area residents denominated in euro |
Domestic |
Other residents |
Other financial intermediaries |
By maturity (2 bands) |
||||||||
|
11 |
Other assets |
Domestic |
Securities (other than shares) |
Other residents |
Other financial intermediaries |
By maturity (2 bands) |
|||||||
|
3 |
Securities other than shares (2 maturity bands) |
Domestic |
Non-MFIs |
Other residents |
Insurance corporations and pension funds |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Securities (other than shares) |
Insur.corporations and pension funds |
By maturity (2 bands) |
||
|
7 |
Securities of euro area residents denominated in euro |
Domestic |
Other residents |
Insur.corporations and pension funds |
By maturity (2 bands) |
||||||||
|
11 |
Other assets |
Domestic |
Securities (other than shares) |
Other residents |
Insur.corporations and pension funds |
By maturity (2 bands) |
|||||||
|
3 |
Securities other than shares (2 maturity bands) |
Domestic |
Non-MFIs |
Other residents |
Non-financial corporations |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Securities (other than shares) |
Non financial corporations |
By maturity (2 bands) |
||
|
7 |
Securities of euro area residents denominated in euro |
Domestic |
Other residents |
Non financial corporations |
By maturity (2 bands) |
||||||||
|
11 |
Other assets |
Domestic |
Securities (other than shares) |
Other residents |
Non financial corporations |
By maturity (2 bands) |
|||||||
|
3 |
Securities other than shares (2 maturity bands) |
Domestic |
Non-MFIs |
Other residents |
Households |
n/a |
n/a |
||||||
|
3 |
Securities other than shares (2 maturity bands) |
Other participating Member States |
Non-MFIs |
General government |
Other general government |
State government |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Securities (other than shares) |
State government |
By maturity (2 bands) |
|
|
7 |
Securities of euro area residents denominated in euro |
Other participating Member States |
General government |
State government |
By maturity (2 bands) |
||||||||
|
8 |
General government debt denominated in euro |
Other participating Member States |
Securities (other than shares) |
State government |
By maturity (2 bands) |
||||||||
|
11 |
Other assets |
Other participating Member States |
Securities (other than shares) |
General government |
State government |
By maturity (2 bands) |
|||||||
|
3 |
Securities other than shares (2 maturity bands) |
Other participating Member States |
Non-MFIs |
General government |
Other general government |
Local authorities |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Securities (other than shares) |
Local authorities |
By maturity (2 bands) |
|
|
7 |
Securities of euro area residents denominated in euro |
Other participating Member States |
General government |
Local authorities |
By maturity (2 bands) |
||||||||
|
8 |
General government debt denominated in euro |
Other participating Member States |
Securities (other than shares) |
Local authorities |
By maturity (2 bands) |
||||||||
|
11 |
Other assets |
Other participating Member States |
Securities (other than shares) |
General government |
Local authorities |
By maturity (2 bands) |
|||||||
|
3 |
Securities other than shares (2 maturity bands) |
Other participating Member States |
Non-MFIs |
General government |
Other general government |
Social sec. Funds |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Securities (other than shares) |
Social security funds |
By maturity (2 bands) |
|
|
7 |
Securities of euro area residents denominated in euro |
Other participating Member States |
General government |
Social security funds |
By maturity (2 bands) |
||||||||
|
8 |
General government debt denominated in euro |
Other participating Member States |
Securities (other than shares) |
Social security funds |
By maturity (2 bands) |
||||||||
|
11 |
Other assets |
Other participating Member States |
Securities (other than shares) |
General government |
Social security funds |
By maturity (2 bands) |
|||||||
|
3 |
Securities other than shares (2 maturity bands) |
Other participating Member States |
Non-MFIs |
Other residents |
Other financial intermediaries |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Securities (other than shares) |
Other financial intermediaries |
By maturity (2 bands) |
||
|
7 |
Securities of euro area residents denominated in euro |
Other participating Member States |
Other residents |
Other financial intermediaries |
By maturity (2 bands) |
||||||||
|
11 |
Other assets |
Other participating Member States |
Securities (other than shares) |
Other residents |
Other financial intermediaries |
By maturity (2 bands) |
|||||||
|
3 |
Securities other than shares (2 maturity bands) |
Other participating Member States |
Non-MFIs |
Other residents |
Insurance corporations and pension funds |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Securities (other than shares) |
Insur. corporations and pension funds |
By maturity (2 bands) |
||
|
7 |
Securities of euro area residents denominated in euro |
Other participating Member States |
Other residents |
Insur.corporations and pension funds |
By maturity (2 bands) |
||||||||
|
11 |
Other assets |
Other participating Member States |
Securities (other than shares) |
Other residents |
Insur.corporations and pension funds |
By maturity (2 bands) |
|||||||
|
3 |
Securities other than shares (2 maturity bands) |
Other participating Member States |
Non-MFIs |
Other residents |
Non-financial corporations |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Securities (other than shares) |
Non-financial corporations |
By maturity (2 bands) |
||
|
7 |
Securities of euro area residents denominated in euro |
Other participating Member States |
Other residents |
Non-financial corporations |
By maturity (2 bands) |
||||||||
|
11 |
Other assets |
Other participating Member States |
Securities (other than shares) |
Other residents |
Non-financial corporations |
By maturity (2 bands) |
|||||||
|
3 |
Securities other than shares (2 maturity bands) |
Other participating Member States |
Non-MFIs |
Other residents |
Households |
n/a |
n/a |
||||||
|
5 |
Shares and other equity |
Domestic |
Non-MFIs |
Other residents |
Other financial intermediaries |
11 |
Other assets |
Domestic |
Shares and other equity |
Other residents |
Other financial intermediaries |
||
|
5 |
Shares and other equity |
Domestic |
Non-MFIs |
Other residents |
Insur. corporations and pension funds |
11 |
Other assets |
Domestic |
Shares and other equity |
Other residents |
Insur. corporations and pension funds |
||
|
5 |
Shares and other equity |
Domestic |
Non-MFIs |
Other residents |
Non-financial corporations |
11 |
Other assets |
Domestic |
Shares and other equity |
Other residents |
Non-financial corporations |
||
|
5 |
Shares and other equity |
Other participating Member States |
Non-MFIs |
Other residents |
Other financial intermediaries |
11 |
Other assets |
Other participating Member States |
Shares and other equity |
Other residents |
Other financial intermediaries |
||
|
5 |
Shares and other equity |
Other participating Member States |
Non-MFIs |
Other residents |
Insur. corporations and pension funds |
11 |
Other assets |
Other participating Member States |
Shares and other equity |
Other residents |
Insur. corporations and pension funds |
||
|
5 |
Shares and other equity |
Other participating Member States |
Non-MFIs |
Other residents |
Non-financial corporations |
11 |
Other assets |
Other participating Member States |
Shares and other equity |
Other residents |
Non-financial corporations |
||
BRIDGING TABLE
Country breakdown (Quarterly data)
|
Bridging table. Item-by-item correspondence |
||||||||
|
LIABILITIES |
||||||||
|
Stocks |
||||||||
|
Regulation ECB/2001/13 — Annex 1 — Table 3 |
Accounting balance sheet format |
|||||||
|
Item |
Description |
Residence |
Sector |
Item |
Description |
Further breakdown provided |
||
|
Residence |
Sector |
|||||||
|
9 |
Deposits (all currencies) |
EU countries (excluding domestic) |
MFIs |
2,1 |
Liabilities to euro area credit institutions related to monetary policy operations denominated in euro — current accounts (covering the minimum reserve system) |
Other participating Member States: |
--a-b-c |
|
|
-- x-y-z |
2,2 |
Liabilities to euro area credit institutions related to monetary policy operations denominated in euro — deposit faciliy |
Other participating Member States: |
--a-b-c |
||||
|
2,3 |
Liabilities to euro area credit institutions related to monetary policy operations denominated in euro — fixed-term deposits |
Other participating Member States: |
--a-b-c |
|||||
|
2,4 |
Liabilities to euro area credit institutions related to monetary policy operations denominated in euro — fine-tuning reverse operations |
Other participating Member States: |
--a-b-c |
|||||
|
2,5 |
Liabilities to euro area credit institutions related to monetary policy operations denominated in euro — deposit related to margin calls |
Other participating Member States: |
--a-b-c |
|||||
|
3 |
Other liabilities to euro area credit institutions denominated in euro |
Other participating Member States: |
--a-b-c |
|||||
|
6 |
Liabilities to non-euro area residents denominated in euro |
EU countries (non-participating Member States): |
--x-y-z |
MFIs |
||||
|
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States: |
--a-b-c |
|||||
|
8,1 |
Liabilities to non-euro area residents denominated in foreign currency — deposits, balances and other liabilities |
EU countries (non-participating Member States): |
--x-y-z |
MFIs |
||||
|
8,2 |
Liabilities to non-euro area residents denominated in foreign currency — liabilities arising from the credit facility under ERM II |
EU countries (non-participating Member States): |
--x-y-z |
|||||
|
10,1 |
Intra-Eurosystem liabilities — liabilities equivalent to the transfer of foreign reserves |
Other participating Member States: |
--a-b-c |
|||||
|
10,2 |
Intra-Eurosystem liabilities — liabilities related to promissory notes backing the issuance of ECB debt certificates (only NCBs' balance sheet) |
(DE) |
||||||
|
10,4 |
Intra-Eurosystem liabilities — other liabilities within Eurosystem |
Other participating Member States: |
--a-b-c |
|||||
|
12 |
Other liabilities |
EU countries |
MFIs |
|||||
|
9 |
Deposits (all currencies) |
Rest of the world (excl. EU) total |
MFIs |
6 |
Liabilities to non-euro area residents denominated in euro |
Rest of the world (excl. EU) |
Banks |
|
|
8,1 |
Liabilities to non-euro area residents denominated in foreign currency — deposits, balances and other liabilities |
Rest of the world (excl. EU) |
Banks |
|||||
|
12 |
Other liabilities |
Rest of the world (excl. EU) |
Banks |
|||||
|
9 |
Deposits (all currencies) |
EU countries (excl. domestic) |
Non-MFIs |
5,1 |
Liabilities to other euro area residents denominated in euro — general government |
Other participating Member States: |
--a-b-c |
|
|
-- x-y-z |
5,2 |
Liabilities to other euro area residents denominated in euro — other liabilities |
Other participating Member States: |
--a-b-c |
||||
|
6 |
Liabilities to non-euro area residents denominated in euro |
EU countries (non-participating Member States): |
--x-y-z |
MFIs |
||||
|
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States: |
--a-b-c |
|||||
|
8,1 |
Liabilities to non-euro area residents denominated in foreign currency — deposits, balances and other liabilities |
EU countries (non-participating Member States): |
--x-y-z |
Non-MFIs |
||||
|
12 |
Other liabilities |
EU countries |
Non-MFIs |
|||||
|
9 |
Deposits (all currencies) |
Rest of the world (excl. EU) total |
Non-MFIs |
6 |
Liabilities to non-euro area residents denominated in euro |
Rest of the world (excl. EU) |
Non-banks |
|
|
8,1 |
Liabilities to non-euro area residents denominated in foreign currency — deposits, balances and other liabilities |
Rest of the world (excl. EU) |
Non-banks |
|||||
|
12 |
Other liabilities |
Rest of the world (excl. EU) |
Non-banks |
|||||
BRIDGING TABLE
Country breakdown (Quarterly data)
|
Bridging table. Item-by-item correspondence |
|||||||||||
|
ASSETS |
|||||||||||
|
Stocks |
|||||||||||
|
Regulation ECB/2001/13 — Annex 1 — Table 3 |
Accounting balance sheet format |
||||||||||
|
Item |
Description |
Breakdown |
Item |
Description |
Further breakdown provided |
||||||
|
Residence |
Sector |
Maturity |
Residence |
Type |
Sector |
Maturity |
|||||
|
2 |
Loans (all currencies) |
EU countries (excl. domestic) |
MFIs |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
EU countries (non-participating Member States): |
--x-y-z |
Loans |
MFIs |
||
|
-- x-y-z |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States: |
--a-b-c |
Loans |
||||||
|
4,1 |
Claims on non-euro area residents denominated in euro — balances with banks, security investments and loans |
EU countries (non-participating Member States): |
--x-y-z |
Loans |
MFIs |
||||||
|
4,2 |
Claims on non-euro area residents denominated in euro — claims arising from the credit facility under ERM II |
EU countries (non-participating Member States): |
--x-y-z |
||||||||
|
5,1 |
Lending to euro area credit institutions related to monetary policy operations denominated in euro — main refinancing operations |
Other participating Member States: |
--a-b-c |
||||||||
|
5,2 |
Lending to euro area credit institutions related to monetary policy operations denominated in euro — longer-term refinancing operations |
Other participating Member States: |
--a-b-c |
||||||||
|
5,3 |
Lending to euro area credit institutions related to monetary policy operations denominated in euro — fine-tuning reverse operations |
Other participating Member States: |
--a-b-c |
||||||||
|
5,4 |
Lending to euro area credit institutions related to monetary policy operations denominated in euro — structural reverse operations |
Other participating Member States: |
--a-b-c |
||||||||
|
5,5 |
Lending to euro area credit institutions related to monetary policy operations denominated in euro — marginal lending facility |
Other participating Member States: |
--a-b-c |
||||||||
|
5,6 |
Lending to euro area credit institutions related to monetary policy operations denominated in euro — credits related to margin calls |
Other participating Member States: |
--a-b-c |
||||||||
|
6 |
Other claims on euro area credit institutions denominated in euro |
Other participating Member States: |
--a-b-c |
Loans |
|||||||
|
9,2 |
Intra-Eurosystem claims — claims equivalent to the transfer of foreign reserves (only NCBs' balance sheet) |
(DE) |
|||||||||
|
9,3 |
Intra-Eurosystem claims — claims related to promissory notes backing the issuance of ECB debt certificates (only ECB's balance sheet) |
Other participating Member States: |
--a-b-c |
||||||||
|
9,5 |
Intra-Eurosystem claims — other claims within the Eurosystem |
Other participating Member States: |
--a-b-c |
||||||||
|
11 |
Other assets |
EU countries |
Loans |
MFIs |
|||||||
|
2 |
Loans (all currencies) |
Rest of the world (excl. EU) total |
MFIs |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Rest of the world (excl. EU) |
Loans |
Banks |
|||
|
4,1 |
Claims on non-euro area residents denominated in euro — balances with banks, security investments and loans |
Rest of the world (excl. EU) |
Loans |
Banks |
|||||||
|
11 |
Other assets |
Rest of the world (excl. EU) |
Loans |
Banks |
|||||||
|
2 |
Loans (all currencies) |
EU countries (excl. domestic) |
Non-MFIs |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
EU countries (non-participating Member States): |
--x-y-z |
Loans |
Non-MFIs |
||
|
-- x-y-z |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States: |
--a-b-c |
Loans |
||||||
|
4,1 |
Claims on non-euro area residents denominated in euro — balances with banks, security investments and loans |
EU countries (non-participating Member States): |
--x-y-z |
Loans |
Non-MFIs |
||||||
|
8 |
General government debt denominated in euro |
Other participating Member States: |
--a-b-c |
Loans |
|||||||
|
11 |
Other assets |
EU countries |
Loans |
Non-MFIs |
|||||||
|
2 |
Loans (all currencies) |
Rest of the world (excl. EU) total |
Non-MFIs |
2,1 |
Claims on non-euro area residents denominated in foreign currency — receivables from the IMF |
Rest of the world (excl. EU) |
Loans |
Non-banks |
|||
|
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Rest of the world (excl. EU) |
Loans |
Non-banks |
|||||||
|
4,1 |
Claims on non-euro area residents denominated in euro — balances with banks, security investments and loans |
Rest of the world (excl. EU) |
Loans |
Non-banks |
|||||||
|
11 |
Other assets |
Rest of the world (excl. EU) |
Loans |
Non-banks |
|||||||
|
3 |
Securities other than shares (all currencies) |
EU countries (excl. domestic) |
MFIs |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
EU countries (non-participating Member States): |
--x-y-z |
Securities other than shares |
MFIs |
||
|
-- x-y-z |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States: |
--a-b-c |
Securities other than shares |
||||||
|
4,1 |
Claims on non-euro area residents denominated in euro — balances with banks, security investments and loans |
EU countries (non-participating Member States): |
--x-y-z |
Securities other than shares |
MFIs |
||||||
|
6 |
Other claims on euro area credit institutions denominated in euro |
Other participating Member States: |
--a-b-c |
Securities other than shares |
|||||||
|
7 |
Securities of euro area residents denominated in euro |
Other participating Member States: |
--a-b-c |
Securities other than shares |
MFIs |
||||||
|
11 |
Other assets |
EU countries |
Securities other than shares |
MFIs |
|||||||
|
3 |
Securities other than shares (all currencies) |
Rest of the world (excl. EU) total |
MFIs |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Rest of the world (excl. EU) |
Securities other than shares |
Banks |
|||
|
4,1 |
Claims on non-euro area residents denominated in euro — balances with banks, security investments and loans |
Rest of the world (excl. EU) |
Securities other than shares |
Banks |
|||||||
|
11 |
Other assets |
Rest of the world (excl. EU) |
Securities other than shares |
Banks |
|||||||
|
3 |
Securities other than shares (all currencies) |
EU countries (excl. domestic) |
MFIs |
By maturity (3 bands) |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
EU countries (non-participating Member States): |
--x-y-z |
Securities other than shares |
MFIs |
By maturity (3 bands) |
|
-- x-y-z |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States: |
--a-b-c |
Securities other than shares |
By maturity (3 bands) |
|||||
|
4,1 |
Claims on non-euro area residents denominated in euro — balances with banks, security investments and loans |
EU countries (non-participating Member States): |
--x-y-z |
Securities other than shares |
MFIs |
By maturity (3 bands) |
|||||
|
6 |
Other claims on euro area credit institutions denominated in euro |
Other participating Member States: |
--a-b-c |
Securities other than shares |
By maturity (3 bands) |
||||||
|
7 |
Securities of euro area residents denominated in euro |
Other participating Member States: |
--a-b-c |
Securities other than shares |
MFIs |
By maturity (3 bands) |
|||||
|
11 |
Other assets |
EU countries |
Securities other than shares |
MFIs |
By maturity (3 bands) |
||||||
|
3 |
Securities other than shares (all currencies) |
EU countries (excl. domestic) |
Non-MFIs |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
EU countries (non-participating Member States): |
--x-y-z |
Securities other than shares |
Non-MFIs |
||
|
-- x-y-z |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States: |
--a-b-c |
Securities other than shares |
||||||
|
4,1 |
Claims on non-euro area residents denominated in euro — balances with banks, security investments and loans |
EU countries (non-participating Member States): |
--x-y-z |
Securities other than shares |
Non-MFIs |
||||||
|
7 |
Securities of euro area residents denominated in euro |
Other participating Member States: |
--a-b-c |
Securities other than shares |
Non-MFIs |
||||||
|
8 |
General government debt denominated in euro |
Other participating Member States: |
--a-b-c |
Securities other than shares |
|||||||
|
11 |
Other assets |
EU countries |
Securities other than shares |
Non-MFIs |
|||||||
|
3 |
Securities other than shares (all currencies) |
Rest of the world (excl. EU) total |
Non-MFIs |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Rest of the world (excl. EU) |
Securities other than shares |
Non-banks |
|||
|
4,1 |
Claims on non-euro area residents denominated in euro — balances with banks, security investments and loans |
Rest of the world (excl. EU) |
Securities other than shares |
Non-banks |
|||||||
|
11 |
Other assets |
Rest of the world (excl. EU) |
Securities other than shares |
Non-banks |
|||||||
|
4 |
MMF shares/units |
EU countries (excl. domestic) -- x-y-z |
11 |
Other assets |
EU countries |
MMF shares/units |
|||||
|
4 |
MMF shares/units |
Rest of the world (excl. EU) total |
11 |
Other assets |
Rest of the world (excl. EU) total |
MMF shares/units |
|||||
|
5 |
Shares and other equity |
EU countries (excl. domestic) -- x-y-z |
6 |
Other claims on euro area credit institutions denominated in euro |
EU countries (non-participating Member States): |
--x-y-z |
Shares and other equity |
||||
|
9,1 |
Intra-Eurosystem claims — participating interest in ECB (only NCBs' balance sheet) |
(DE) |
|||||||||
|
11 |
Other assets |
EU countries |
Shares and other equity |
||||||||
|
5 |
Shares and other equity |
Rest of the world (excl. EU) total |
11 |
Other assets |
Rest of the world (excl. EU) |
Shares and other equity |
|||||
BRIDGING TABLE
Currency breakdown (Quarterly data)
|
Bridging table. Item-by-item correspondance. |
||||||||||
|
LIABILITIES |
||||||||||
|
Stocks |
||||||||||
|
Regulation ECB/2001/13 — Annex 1 — Table 4 |
Accounting balance sheet format |
|||||||||
|
Item |
Description |
Breakdown |
Item |
Description |
Further breakdown provided |
|||||
|
Sector |
Currency |
Maturity |
Residence |
Sector |
Currency |
Maturity |
||||
|
9A |
Deposits — domestic |
MFIs |
Other Member State currencies total |
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
Other Member State currencies total |
|||
|
12 |
Other liabilities |
Domestic |
MFIs |
Other Member State currencies total |
||||||
|
9A |
Deposits — domestic |
MFIs |
DKK |
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
DKK |
|||
|
12 |
Other liabilities |
Domestic |
MFIs |
DKK |
||||||
|
9A |
Deposits — domestic |
MFIs |
SEK |
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
SEK |
|||
|
12 |
Other liabilities |
Domestic |
MFIs |
SEK |
||||||
|
9A |
Deposits — domestic |
MFIs |
GBP |
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
GBP |
|||
|
12 |
Other liabilities |
Domestic |
MFIs |
GBP |
||||||
|
9A |
Deposits — domestic |
MFIs |
Other currencies total |
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
Other currencies total |
|||
|
12 |
Other liabilities |
Domestic |
MFIs |
Other currencies total |
||||||
|
9A |
Deposits — domestic |
MFIs |
USD |
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
USD |
|||
|
12 |
Other liabilities |
Domestic |
MFIs |
USD |
||||||
|
9A |
Deposits — domestic |
MFIs |
JPY |
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
JPY |
|||
|
12 |
Other liabilities |
Domestic |
MFIs |
JPY |
||||||
|
9A |
Deposits — domestic |
MFIs |
CHF |
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
CHF |
|||
|
12 |
Other liabilities |
Domestic |
MFIs |
CHF |
||||||
|
9A |
Deposits — domestic |
MFIs |
Remaining currencies combined |
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
Remaining currencies combined |
|||
|
12 |
Other liabilities |
Domestic |
MFIs |
Remaining currencies combined |
||||||
|
9A |
Deposits — domestic |
Non-MFIs |
Euro |
5,1 |
Liabilities to other euro area residents denominated in euro — general government |
Domestic |
||||
|
12 |
Other liabilities |
Domestic |
Non-MFIs |
Euro |
||||||
|
9A |
Deposits — domestic |
Non-MFIs |
Other Member State currencies total |
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
Other Member State currencies total |
|||
|
12 |
Other liabilities |
Domestic |
Non-MFIs |
Other Member State currencies total |
||||||
|
9A |
Deposits — domestic |
Non-MFIs |
DKK |
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
DKK |
|||
|
12 |
Other liabilities |
Domestic |
Non-MFIs |
DKK |
||||||
|
9A |
Deposits — domestic |
Non-MFIs |
SEK |
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
SEK |
|||
|
12 |
Other liabilities |
Domestic |
Non-MFIs |
SEK |
||||||
|
9A |
Deposits — domestic |
Non-MFIs |
GBP |
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
GBP |
|||
|
12 |
Other liabilities |
Domestic |
Non-MFIs |
GBP |
||||||
|
9A |
Deposits — domestic |
Non-MFIs |
Other currencies total |
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
Other currencies total |
|||
|
12 |
Other liabilities |
Domestic |
Non-MFIs |
Other currencies total |
||||||
|
9A |
Deposits — domestic |
Non-MFIs |
USD |
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
USD |
|||
|
12 |
Other liabilities |
Domestic |
Non-MFIs |
USD |
||||||
|
9A |
Deposits — domestic |
Non-MFIs |
JPY |
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
JPY |
|||
|
12 |
Other liabilities |
Domestic |
Non-MFIs |
JPY |
||||||
|
9A |
Deposits — domestic |
Non-MFIs |
CHF |
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
CHF |
|||
|
12 |
Other liabilities |
Domestic |
Non-MFIs |
CHF |
||||||
|
9A |
Deposits — domestic |
Non-MFIs |
Remaining currencies combined |
7 |
Liabilities to euro area residents denominated in foreign currency |
Domestic |
Remaining currencies combined |
|||
|
12 |
Other liabilities |
Domestic |
Non-MFIs |
Remaining currencies combined |
||||||
|
9B |
Deposits — other participating Member States |
MFIs |
Other Member State currencies total |
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
Other Member State currencies total |
|||
|
12 |
Other liabilities |
Other participating Member States |
MFIs |
Other Member State currencies total |
||||||
|
9B |
Deposits — other participating Member States |
MFIs |
DKK |
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
DKK |
|||
|
12 |
Other liabilities |
Other participating Member States |
MFIs |
DKK |
||||||
|
9B |
Deposits — other participating Member States |
MFIs |
SEK |
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
SEK |
|||
|
12 |
Other liabilities |
Other participating Member States |
MFIs |
SEK |
||||||
|
9B |
Deposits — other participating Member States |
MFIs |
GBP |
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
GBP |
|||
|
12 |
Other liabilities |
Other participating Member States |
MFIs |
GBP |
||||||
|
9B |
Deposits — other participating Member States |
MFIs |
Other currencies total |
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
Other currencies total |
|||
|
12 |
Other liabilities |
Other participating Member States |
MFIs |
Other currencies total |
||||||
|
9B |
Deposits — other participating Member States |
MFIs |
USD |
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
USD |
|||
|
12 |
Other liabilities |
Other participating Member States |
MFIs |
USD |
||||||
|
9B |
Deposits — other participating Member States |
MFIs |
JPY |
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
JPY |
|||
|
12 |
Other liabilities |
Other participating Member States |
MFIs |
JPY |
||||||
|
9B |
Deposits — other participating Member States |
MFIs |
CHF |
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
CHF |
|||
|
12 |
Other liabilities |
Other participating Member States |
MFIs |
CHF |
||||||
|
9B |
Deposits — other participating Member States |
MFIs |
Remaining currencies combined |
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
Remaining currencies combined |
|||
|
12 |
Other liabilities |
Other participating Member States |
MFIs |
Remaining currencies combined |
||||||
|
9B |
Deposits — other participating Member States |
Non-MFIs |
Euro |
5,1 |
Liabilities to other euro area residents denominated in euro — general government |
Other participating Member States |
||||
|
12 |
Other liabilities |
Other participating Member States |
Non-MFIs |
Euro |
||||||
|
9B |
Deposits — other participating Member States |
Non-MFIs |
Other Member State currencies total |
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
Other Member State currencies total |
|||
|
12 |
Other liabilities |
Other participating Member States |
Non-MFIs |
Other Member State currencies total |
||||||
|
9B |
Deposits — other participating Member States |
Non-MFIs |
DKK |
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
DKK |
|||
|
12 |
Other liabilities |
Other participating Member States |
Non-MFIs |
DKK |
||||||
|
9B |
Deposits — other participating Member States |
Non-MFIs |
SEK |
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
SEK |
|||
|
12 |
Other liabilities |
Other participating Member States |
Non-MFIs |
SEK |
||||||
|
9B |
Deposits — other participating Member States |
Non-MFIs |
GBP |
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
GBP |
|||
|
12 |
Other liabilities |
Other participating Member States |
Non-MFIs |
GBP |
||||||
|
9B |
Deposits — other participating Member States |
Non-MFIs |
Other currencies total |
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
Other currencies total |
|||
|
12 |
Other liabilities |
Other participating Member States |
Non-MFIs |
Other currencies total |
||||||
|
9B |
Deposits — other participating Member States |
Non-MFIs |
USD |
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
USD |
|||
|
12 |
Other liabilities |
Other participating Member States |
Non-MFIs |
USD |
||||||
|
9B |
Deposits — other participating Member States |
Non-MFIs |
JPY |
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
JPY |
|||
|
12 |
Other liabilities |
Other participating Member States |
Non-MFIs |
JPY |
||||||
|
9B |
Deposits — other participating Member States |
Non-MFIs |
CHF |
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
CHF |
|||
|
12 |
Other liabilities |
Other participating Member States |
Non-MFIs |
CHF |
||||||
|
9B |
Deposits — other participating Member States |
Non-MFIs |
Remaining currencies combined |
7 |
Liabilities to euro area residents denominated in foreign currency |
Other participating Member States |
Remaining currencies combined |
|||
|
12 |
Other liabilities |
Other participating Member States |
Non-MFIs |
Remaining currencies combined |
||||||
|
9C |
Deposits — rest of the world |
Euro |
By maturity (2 bands) |
6 |
Liabilities to non-euro area residents denominated in euro |
By maturity (2 bands) |
||||
|
12 |
Other liabilities |
Euro |
By maturity (2 bands) |
|||||||
|
9C |
Deposits — rest of the world |
Other Member State currencies total |
By maturity (2 bands) |
8,1 |
Liabilities to non-euro area residents denominated in foreign currency — deposits, balances and other liabilities |
Other Member State currencies total |
By maturity (2 bands) |
|||
|
8,2 |
Liabilities to non-euro area residents denominated in foreign currency — liabilities arising from the credit facility under ERM II |
Other Member State currencies total |
By maturity (2 bands) |
|||||||
|
12 |
Other liabilities |
Other Member State currencies total |
By maturity (2 bands) |
|||||||
|
9C |
Deposits — rest of the world |
DKK |
By maturity (2 bands) |
8,1 |
Liabilities to non-euro area residents denominated in foreign currency — deposits, balances and other liabilities |
DKK |
By maturity (2 bands) |
|||
|
8,2 |
Liabilities to non-euro area residents denominated in foreign currency — liabilities arising from the credit facility under ERM II |
DKK |
By maturity (2 bands) |
|||||||
|
12 |
Other liabilities |
DKK |
By maturity (2 bands) |
|||||||
|
9C |
Deposits — rest of the world |
SEK |
By maturity (2 bands) |
8,1 |
Liabilities to non-euro area residents denominated in foreign currency — deposits, balances and other liabilities |
SEK |
By maturity (2 bands) |
|||
|
8,2 |
Liabilities to non-euro area residents denominated in foreign currency — liabilities arising from the credit facility under ERM II |
SEK |
By maturity (2 bands) |
|||||||
|
12 |
Other liabilities |
SEK |
By maturity (2 bands) |
|||||||
|
9C |
Deposits — rest of the world |
GBP |
By maturity (2 bands) |
8,1 |
Liabilities to non-euro area residents denominated in foreign currency — deposits, balances and other liabilities |
GBP |
By maturity (2 bands) |
|||
|
8,2 |
Liabilities to non-euro area residents denominated in foreign currency — liabilities arising from the credit facility under ERM II |
GBP |
By maturity (2 bands) |
|||||||
|
12 |
Other liabilities |
GBP |
By maturity (2 bands) |
|||||||
|
9C |
Deposits — rest of the world |
Other currencies total |
By maturity (2 bands) |
8,1 |
Liabilities to non-euro area residents denominated in foreign currency — deposits, balances and other liabilities |
Other currencies total |
By maturity (2 bands) |
|||
|
8,2 |
Liabilities to non-euro area residents denominated in foreign currency — liabilities arising from the credit facility under ERM II |
Other currencies total |
By maturity (2 bands) |
|||||||
|
12 |
Other liabilities |
Other currencies total |
By maturity (2 bands) |
|||||||
|
9C |
Deposits — rest of the world |
USD |
By maturity (2 bands) |
8,1 |
Liabilities to non-euro area residents denominated in foreign currency — deposits, balances and other liabilities |
USD |
By maturity (2 bands) |
|||
|
8,2 |
Liabilities to non-euro area residents denominated in foreign currency — liabilities arising from the credit facility under ERM II |
USD |
By maturity (2 bands) |
|||||||
|
12 |
Other liabilities |
USD |
By maturity (2 bands) |
|||||||
|
9C |
Deposits — rest of the world |
JPY |
By maturity (2 bands) |
8,1 |
Liabilities to non-euro area residents denominated in foreign currency — deposits, balances and other liabilities |
JPY |
By maturity (2 bands) |
|||
|
8,2 |
Liabilities to non-euro area residents denominated in foreign currency — liabilities arising from the credit facility under ERM II |
JPY |
By maturity (2 bands) |
|||||||
|
12 |
Other liabilities |
JPY |
By maturity (2 bands) |
|||||||
|
9C |
Deposits — rest of the world |
CHF |
By maturity (2 bands) |
8,1 |
Liabilities to non-euro area residents denominated in foreign currency — deposits, balances and other liabilities |
CHF |
By maturity (2 bands) |
|||
|
8,2 |
Liabilities to non-euro area residents denominated in foreign currency — liabilities arising from the credit facility under ERM II |
CHF |
By maturity (2 bands) |
|||||||
|
12 |
Other liabilities |
CHF |
By maturity (2 bands) |
|||||||
|
9C |
Deposits — rest of the world |
Remaining currencies combined |
By maturity (2 bands) |
8,1 |
Liabilities to non-euro area residents denominated in foreign currency — deposits, balances and other liabilities |
Remaining currencies combined |
By maturity (2 bands) |
|||
|
8,2 |
Liabilities to non-euro area residents denominated in foreign currency — liabilities arising from the credit facility under ERM II |
Remaining currencies combined |
By maturity (2 bands) |
|||||||
|
12 |
Other liabilities |
Remaining currencies combined |
By maturity (2 bands) |
|||||||
|
9C |
Deposits — rest of the world |
Banks |
All currencies combined |
6 |
Liabilities to non-euro area residents denominated in euro |
Banks |
||||
|
8,1 |
Liabilities to non-euro area residents denominated in foreign currency — deposits, balances and other liabilities |
Banks |
||||||||
|
8,2 |
Liabilities to non-euro area residents denominated in foreign currency — liabilities arising from the credit facility under ERM II |
|||||||||
|
12 |
Other liabilities |
Banks |
||||||||
|
9C |
Deposits — rest of the world |
Banks |
Euro |
6 |
Liabilities to non-euro area residents denominated in euro |
Banks |
||||
|
12 |
Other liabilities |
Banks |
Euro |
|||||||
|
9C |
Deposits — rest of the world |
Banks |
Other Member State currencies total |
8,1 |
Liabilities to non-euro area residents denominated in foreign currency — deposits, balances and other liabilities |
Banks |
Other Member State currencies total |
|||
|
8,2 |
Liabilities to non-euro area residents denominated in foreign currency — liabilities arising from the credit facility under ERM II |
Other Member State currencies total |
||||||||
|
12 |
Other liabilities |
Banks |
Other Member State currencies total |
|||||||
|
9C |
Deposits — rest of the world |
Banks |
DKK |
8,1 |
Liabilities to non-euro area residents denominated in foreign currency — deposits, balances and other liabilities |
Banks |
DKK |
|||
|
8,2 |
Liabilities to non-euro area residents denominated in foreign currency — liabilities arising from the credit facility under ERM II |
DKK |
||||||||
|
12 |
Other liabilities |
Banks |
DKK |
|||||||
|
9C |
Deposits — rest of the world |
Banks |
SEK |
8,1 |
Liabilities to non-euro area residents denominated in foreign currency — deposits, balances and other liabilities |
Banks |
SEK |
|||
|
8,2 |
Liabilities to non-euro area residents denominated in foreign currency — liabilities arising from the credit facility under ERM II |
SEK |
||||||||
|
12 |
Other liabilities |
Banks |
SEK |
|||||||
|
9C |
Deposits — rest of the world |
Banks |
GBP |
8,1 |
Liabilities to non-euro area residents denominated in foreign currency — deposits, balances and other liabilities |
Banks |
GBP |
|||
|
8,2 |
Liabilities to non-euro area residents denominated in foreign currency — liabilities arising from the credit facility under ERM II |
GBP |
||||||||
|
12 |
Other liabilities |
Banks |
GBP |
|||||||
|
9C |
Deposits — rest of the world |
Banks |
Other currencies total |
8,1 |
Liabilities to non-euro area residents denominated in foreign currency — deposits, balances and other liabilities |
Banks |
Other currencies total |
|||
|
12 |
Other liabilities |
Banks |
Other currencies total |
|||||||
|
9C |
Deposits — rest of the world |
Banks |
USD |
8,1 |
Liabilities to non-euro area residents denominated in foreign currency — deposits, balances and other liabilities |
Banks |
USD |
|||
|
12 |
Other liabilities |
Banks |
USD |
|||||||
|
9C |
Deposits — rest of the world |
Banks |
JPY |
8,1 |
Liabilities to non-euro area residents denominated in foreign currency — deposits, balances and other liabilities |
Banks |
JPY |
|||
|
12 |
Other liabilities |
Banks |
JPY |
|||||||
|
9C |
Deposits — rest of the world |
Banks |
CHF |
8,1 |
Liabilities to non-euro area residents denominated in foreign currency — deposits, balances and other liabilities |
Banks |
CHF |
|||
|
12 |
Other liabilities |
Banks |
CHF |
|||||||
|
9C |
Deposits — rest of the world |
Banks |
Remaining currencies combined |
8,1 |
Liabilities to non-euro area residents denominated in foreign currency — deposits, balances and other liabilities |
Banks |
Remaining currencies combined |
|||
|
12 |
Other liabilities |
Banks |
Remaining currencies combined |
|||||||
|
9C |
Deposits — rest of the world |
Non-banks |
All currencies combined |
6 |
Liabilities to non-euro area residents denominated in euro |
Non-banks |
||||
|
8,1 |
Liabilities to non-euro area residents denominated in foreign currency — deposits, balances and other liabilities |
Non-banks |
||||||||
|
12 |
Other liabilities |
Non-banks |
||||||||
|
9C |
Deposits — rest of the world |
Non-banks |
Euro |
6 |
Liabilities to non-euro area residents denominated in euro |
Non-banks |
||||
|
12 |
Other liabilities |
Non-banks |
Euro |
|||||||
|
9C |
Deposits — rest of the world |
Non-banks |
Other Member State currencies total |
8,1 |
Liabilities to non-euro area residents denominated in foreign currency — deposits, balances and other liabilities |
Non-banks |
Other Member State currencies total |
|||
|
12 |
Other liabilities |
Non-banks |
Other Member State currencies total |
|||||||
|
9C |
Deposits — rest of the world |
Non-banks |
DKK |
8,1 |
Liabilities to non-euro area residents denominated in foreign currency — deposits, balances and other liabilities |
Non-banks |
DKK |
|||
|
12 |
Other liabilities |
Non-banks |
DKK |
|||||||
|
9C |
Deposits — rest of the world |
Non-banks |
SEK |
8,1 |
Liabilities to non-euro area residents denominated in foreign currency — deposits, balances and other liabilities |
Non-banks |
SEK |
|||
|
12 |
Other liabilities |
Non-banks |
SEK |
|||||||
|
9C |
Deposits — rest of the world |
Non-banks |
GBP |
8,1 |
Liabilities to non-euro area residents denominated in foreign currency — deposits, balances and other liabilities |
Non-banks |
GBP |
|||
|
12 |
Other liabilities |
Non-banks |
GBP |
|||||||
|
9C |
Deposits — rest of the world |
Non-banks |
Other currencies total |
8,1 |
Liabilities to non-euro area residents denominated in foreign currency — deposits, balances and other liabilities |
Non-banks |
Other currencies total |
|||
|
12 |
Other liabilities |
Non-banks |
Other currencies total |
|||||||
|
9C |
Deposits — rest of the world |
Non-banks |
USD |
8,1 |
Liabilities to non-euro area residents denominated in foreign currency — deposits, balances and other liabilities |
Non-banks |
USD |
|||
|
12 |
Other liabilities |
Non-banks |
USD |
|||||||
|
9C |
Deposits — rest of the world |
Non-banks |
JPY |
8,1 |
Liabilities to non-euro area residents denominated in foreign currency — deposits, balances and other liabilities |
Non-banks |
JPY |
|||
|
12 |
Other liabilities |
Non-banks |
JPY |
|||||||
|
9C |
Deposits — rest of the world |
Non-banks |
CHF |
8,1 |
Liabilities to non-euro area residents denominated in foreign currency — deposits, balances and other liabilities |
Non-banks |
CHF |
|||
|
12 |
Other liabilities |
Non-banks |
CHF |
|||||||
|
9C |
Deposits — rest of the world |
Non-banks |
Remaining currencies combined |
8,1 |
Liabilities to non-euro area residents denominated in foreign currency — deposits, balances and other liabilities |
Non-banks |
Remaining currencies combined |
|||
|
12 |
Other liabilities |
Non-banks |
Remaining currencies combined |
|||||||
|
11 |
Debt securities issued |
Other Member State currencies total |
n/a |
n/a |
||||||
|
11 |
Debt securities issued |
DKK |
n/a |
n/a |
||||||
|
11 |
Debt securities issued |
SEK |
n/a |
n/a |
||||||
|
11 |
Debt securities issued |
GBP |
n/a |
n/a |
||||||
|
11 |
Debt securities issued |
Other currencies total |
n/a |
n/a |
||||||
|
11 |
Debt securities issued |
USD |
n/a |
n/a |
||||||
|
11 |
Debt securities issued |
JPY |
n/a |
n/a |
||||||
|
11 |
Debt securities issued |
CHF |
n/a |
n/a |
||||||
|
11 |
Debt securities issued |
Remaining currencies combined |
n/a |
n/a |
||||||
BRIDGING TABLE
Currency breakdown (Quarterly data)
|
Bridging table. Item-by-item correspondence |
|||||||||||
|
ASSETS |
|||||||||||
|
Stocks |
|||||||||||
|
Regulation ECB/2001/13 — Annex 1 — Table 4 |
Accounting balance sheet format |
||||||||||
|
Item |
Description |
Breakdown |
Item |
Description |
Further breakdown provided |
||||||
|
Sector |
Currency |
Maturity |
Residence |
Sector |
Type |
Currency |
Maturity |
||||
|
2A |
Loans — domestic |
Non-MFIs |
Other Member State currencies |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Loans |
Other Member State currencies |
|||
|
11 |
Other assets |
Domestic |
Non-MFIs |
Loans |
Other Member State currencies |
||||||
|
2A |
Loans — domestic |
Non-MFIs |
DKK |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Loans |
DKK |
|||
|
11 |
Other assets |
Domestic |
Non-MFIs |
Loans |
DKK |
||||||
|
2A |
Loans — domestic |
Non-MFIs |
SEK |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Loans |
SEK |
|||
|
11 |
Other assets |
Domestic |
Non-MFIs |
Loans |
SEK |
||||||
|
2A |
Loans — domestic |
Non-MFIs |
GBP |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Loans |
GBP |
|||
|
11 |
Other assets |
Domestic |
Non-MFIs |
Loans |
GBP |
||||||
|
2A |
Loans — domestic |
Non-MFIs |
Other currencies total |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Loans |
Other currencies total |
|||
|
11 |
Other assets |
Domestic |
Non-MFIs |
Loans |
Other currencies total |
||||||
|
2A |
Loans — domestic |
Non-MFIs |
USD |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Loans |
USD |
|||
|
11 |
Other assets |
Domestic |
Non-MFIs |
Loans |
USD |
||||||
|
2A |
Loans — domestic |
Non-MFIs |
JPY |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Loans |
JPY |
|||
|
11 |
Other assets |
Domestic |
Non-MFIs |
Loans |
JPY |
||||||
|
2A |
Loans — domestic |
Non-MFIs |
CHF |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Loans |
CHF |
|||
|
11 |
Other assets |
Domestic |
Non-MFIs |
Loans |
CHF |
||||||
|
2A |
Loans — domestic |
Non-MFIs |
Remaining currencies combined |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Loans |
Remaining currencies combined |
|||
|
11 |
Other assets |
Domestic |
Non-MFIs |
Loans |
Remaining currencies combined |
||||||
|
2B |
Loans — other participating Member States |
Non-MFIs |
Other Member State currencies |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Loans |
Other Member State currencies |
|||
|
11 |
Other assets |
Other participating Member States |
Non-MFIs |
Loans |
Other Member State currencies |
||||||
|
2B |
Loans — other participating Member States |
Non-MFIs |
DKK |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Loans |
DKK |
|||
|
11 |
Other assets |
Other participating Member States |
Non-MFIs |
Loans |
DKK |
||||||
|
2B |
Loans — other participating Member States |
Non-MFIs |
SEK |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Loans |
SEK |
|||
|
11 |
Other assets |
Other participating Member States |
Non-MFIs |
Loans |
SEK |
||||||
|
2B |
Loans — other participating Member States |
Non-MFIs |
GBP |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Loans |
GBP |
|||
|
11 |
Other assets |
Other participating Member States |
Non-MFIs |
Loans |
GBP |
||||||
|
2B |
Loans — other participating Member States |
Non-MFIs |
Other currencies total |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Loans |
Other currencies total |
|||
|
11 |
Other assets |
Other participating Member States |
Non-MFIs |
Loans |
Other currencies total |
||||||
|
2B |
Loans — other participating Member States |
Non-MFIs |
USD |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Loans |
USD |
|||
|
11 |
Other assets |
Other participating Member States |
Non-MFIs |
Loans |
USD |
||||||
|
2B |
Loans — other participating Member States |
Non-MFIs |
JPY |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Loans |
JPY |
|||
|
11 |
Other assets |
Other participating Member States |
Non-MFIs |
Loans |
JPY |
||||||
|
2B |
Loans — other participating Member States |
Non-MFIs |
CHF |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Loans |
CHF |
|||
|
11 |
Other assets |
Other participating Member States |
Non-MFIs |
Loans |
CHF |
||||||
|
2B |
Loans — other participating Member States |
Non-MFIs |
Remaining currencies combined |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Loans |
Remaining currencies combined |
|||
|
11 |
Other assets |
Other participating Member States |
Non-MFIs |
Loans |
Remaining currencies combined |
||||||
|
2C |
Loans — rest of the world |
Euro |
Up to 1 year |
4,1 |
Claims on non-euro area residents denominated in euro — balances with banks, security investments and loans |
Loans |
Up to 1 year |
||||
|
4,2 |
Claims on non-euro area residents denominated in euro — claims arising from the credit facility under ERM II |
||||||||||
|
11 |
Other assets |
Rest of the world |
Loans |
Euro |
Up to 1 year |
||||||
|
2C |
Loans — rest of the world |
Other Member State currencies |
Up to 1 year |
2,1 |
Claims on non-euro area residents denominated in foreign currency — receivables from the IMF |
Loans |
Other Member State currencies |
||||
|
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Loans |
Other Member State currencies |
Up to 1 year |
|||||||
|
11 |
Other assets |
Rest of the world |
Loans |
Other Member State currencies |
Up to 1 year |
||||||
|
2C |
Loans — rest of the world |
DKK |
Up to 1 year |
2,1 |
Claims on non-euro area residents denominated in foreign currency — receivables from the IMF |
Loans |
Other Member State currencies |
||||
|
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Loans |
Other Member State currencies |
Up to 1 year |
|||||||
|
11 |
Other assets |
Rest of the world |
Loans |
Other Member State currencies |
Up to 1 year |
||||||
|
2C |
Loans — rest of the world |
SEK |
Up to 1 year |
2,1 |
Claims on non-euro area residents denominated in foreign currency — receivables from the IMF |
Loans |
Other Member State currencies |
||||
|
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Loans |
Other Member State currencies |
Up to 1 year |
|||||||
|
11 |
Other assets |
Rest of the world |
Loans |
Other Member State currencies |
Up to 1 year |
||||||
|
2C |
Loans — rest of the world |
GBP |
Up to 1 year |
2,1 |
Claims on non-euro area residents denominated in foreign currency — receivables from the IMF |
Loans |
Other Member State currencies |
||||
|
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Loans |
Other Member State currencies |
Up to 1 year |
|||||||
|
11 |
Other assets |
Rest of the world |
Loans |
Other Member State currencies |
Up to 1 year |
||||||
|
2C |
Loans — rest of the world |
Other currencies total |
Up to 1 year |
2,1 |
Claims on non-euro area residents denominated in foreign currency — receivables from the IMF |
Loans |
Other Member State currencies |
||||
|
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Loans |
Other Member State currencies |
Up to 1 year |
|||||||
|
11 |
Other assets |
Rest of the world |
Loans |
Other Member State currencies |
Up to 1 year |
||||||
|
2C |
Loans — rest of the world |
USD |
Up to 1 year |
2,1 |
Claims on non-euro area residents denominated in foreign currency — receivables from the IMF |
Loans |
Other Member State currencies |
||||
|
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Loans |
Other Member State currencies |
Up to 1 year |
|||||||
|
11 |
Other assets |
Rest of the world |
Loans |
Other Member State currencies |
Up to 1 year |
||||||
|
2C |
Loans — rest of the world |
JPY |
Up to 1 year |
2,1 |
Claims on non-euro area residents denominated in foreign currency — receivables from the IMF |
Loans |
Other Member State currencies |
||||
|
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Loans |
Other Member State currencies |
Up to 1 year |
|||||||
|
11 |
Other assets |
Rest of the world |
Loans |
Other Member State currencies |
Up to 1 year |
||||||
|
2C |
Loans — rest of the world |
CHF |
Up to 1 year |
2,1 |
Claims on non-euro area residents denominated in foreign currency — receivables from the IMF |
Loans |
Other Member State currencies |
||||
|
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Loans |
Other Member State currencies |
Up to 1 year |
|||||||
|
11 |
Other assets |
Rest of the world |
Loans |
Other Member State currencies |
Up to 1 year |
||||||
|
2C |
Loans — rest of the world |
Remaining currencies combined |
Up to 1 year |
2,1 |
Claims on non-euro area residents denominated in foreign currency — receivables from the IMF |
Loans |
Other Member State currencies |
||||
|
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Loans |
Other Member State currencies |
Up to 1 year |
|||||||
|
11 |
Other assets |
Rest of the world |
Loans |
Other Member State currencies |
Up to 1 year |
||||||
|
2C |
Loans — rest of the world |
Euro |
Over 1 year |
4,1 |
Claims on non-euro area residents denominated in euro — balances with banks, security investments and loans |
Loans |
Over 1 year |
||||
|
11 |
Other assets |
rest of the world |
Loans |
Euro |
Over 1 year |
||||||
|
2C |
Loans — rest of the world |
Other Member State currencies |
Over 1 year |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Loans |
Other Member State currencies |
Over 1 year |
|||
|
11 |
Other assets |
Rest of the world |
Loans |
Other Member State currencies |
Over 1 year |
||||||
|
2C |
Loans — rest of the world |
DKK |
Over 1 year |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Loans |
DKK |
Over 1 year |
|||
|
11 |
Other assets |
Rest of the world |
Loans |
DKK |
Over 1 year |
||||||
|
2C |
Loans — rest of the world |
SEK |
Over 1 year |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Loans |
SEK |
Over 1 year |
|||
|
11 |
Other assets |
Rest of the world |
Loans |
SEK |
Over 1 year |
||||||
|
2C |
Loans — rest of the world |
GBP |
Over 1 year |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Loans |
GBP |
Over 1 year |
|||
|
11 |
Other assets |
Rest of the world |
Loans |
GBP |
Over 1 year |
||||||
|
2C |
Loans — rest of the world |
Other currencies total |
Over 1 year |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Loans |
Other currencies total |
Over 1 year |
|||
|
11 |
Other assets |
Rest of the world |
Loans |
Other currencies total |
Over 1 year |
||||||
|
2C |
Loans — rest of the world |
USD |
Over 1 year |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Loans |
USD |
Over 1 year |
|||
|
11 |
Other assets |
Rest of the world |
Loans |
USD |
Over 1 year |
||||||
|
2C |
Loans — rest of the world |
JPY |
Over 1 year |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Loans |
JPY |
Over 1 year |
|||
|
11 |
Other assets |
Rest of the world |
Loans |
JPY |
Over 1 year |
||||||
|
2C |
Loans — rest of the world |
CHF |
Over 1 year |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Loans |
CHF |
Over 1 year |
|||
|
11 |
Other assets |
Rest of the world |
Loans |
CHF |
Over 1 year |
||||||
|
2C |
Loans — rest of the world |
Remaining currencies combined |
Over 1 year |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Loans |
Remaining currencies combined |
Over 1 year |
|||
|
11 |
Other assets |
Rest of the world |
Loans |
Remaining currencies combined |
Over 1 year |
||||||
|
2C |
Loans — rest of the world |
Banks |
All currencies combined |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Banks |
Loans |
||||
|
4,1 |
Claims on non-euro area residents denominated in euro — balances with banks, security investments and loans |
Banks |
Loans |
||||||||
|
4,2 |
Claims on non-euro area residents denominated in euro — claims arising from the credit facility under ERM II |
Banks |
|||||||||
|
11 |
Other assets |
Rest of the world |
Banks |
Loans |
|||||||
|
2C |
Loans — rest of the world |
Banks |
Euro |
4,1 |
Claims on non-euro area residents denominated in euro — balances with banks, security investments and loans |
Banks |
Loans |
||||
|
4,2 |
Claims on non-euro area residents denominated in euro — claims arising from the credit facility under ERM II |
Banks |
|||||||||
|
11 |
Other assets |
Rest of the world |
Banks |
Loans |
Euro |
||||||
|
2C |
Loans — rest of the world |
Banks |
Other Member State currencies |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Banks |
Loans |
Other Member State currencies |
|||
|
11 |
Other assets |
Rest of the world |
Banks |
Loans |
Other Member State currencies |
||||||
|
2C |
Loans — rest of the world |
Banks |
DKK |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Banks |
Loans |
DKK |
|||
|
11 |
Other assets |
Rest of the world |
Banks |
Loans |
DKK |
||||||
|
2C |
Loans — rest of the world |
Banks |
SEK |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Banks |
Loans |
SEK |
|||
|
11 |
Other assets |
Rest of the world |
Banks |
Loans |
SEK |
||||||
|
2C |
Loans — rest of the world |
Banks |
GBP |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Banks |
Loans |
GBP |
|||
|
11 |
Other assets |
Rest of the world |
Banks |
Loans |
GBP |
||||||
|
2C |
Loans — rest of the world |
Banks |
Other currencies total |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Banks |
Loans |
Other currencies total |
|||
|
11 |
Other assets |
Rest of the world |
Banks |
Loans |
Other currencies total |
||||||
|
2C |
Loans — rest of the world |
Banks |
USD |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Banks |
Loans |
USD |
|||
|
11 |
Other assets |
Rest of the world |
Banks |
Loans |
USD |
||||||
|
2C |
Loans — rest of the world |
Banks |
JPY |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Banks |
Loans |
JPY |
|||
|
11 |
Other assets |
Rest of the world |
Banks |
Loans |
JPY |
||||||
|
2C |
Loans — rest of the world |
Banks |
CHF |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Banks |
Loans |
CHF |
|||
|
11 |
Other assets |
Rest of the world |
Banks |
Loans |
CHF |
||||||
|
2C |
Loans — rest of the world |
Banks |
Remaining currencies combined |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Banks |
Loans |
Remaining currencies combined |
|||
|
11 |
Other assets |
Rest of the world |
Banks |
Loans |
Remaining currencies combined |
||||||
|
2C |
Loans — rest of the world |
Non-banks |
All currencies combined |
2,1 |
Claims on non-euro area residents denominated in foreign currency — receivables from the IMF |
Non-banks |
Loans |
||||
|
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Non-banks |
Loans |
||||||||
|
4,1 |
Claims on non-euro area residents denominated in euro — balances with banks, security investments and loans |
Non-banks |
Loans |
||||||||
|
11 |
Other assets |
Rest of the world |
Non-banks |
Loans |
|||||||
|
2C |
Loans — rest of the world |
Non-banks |
Euro |
4,1 |
Claims on non-euro area residents denominated in euro — balances with banks, security investments and loans |
Non-banks |
Loans |
||||
|
11 |
Other assets |
Rest of the world |
Non-banks |
Loans |
Euro |
||||||
|
2C |
Loans — rest of the world |
Non-banks |
Other Member State currencies |
2,1 |
Claims on non-euro area residents denominated in foreign currency — receivables from the IMF |
Non-banks |
Loans |
Other Member State currencies |
|||
|
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Non-banks |
Loans |
Other Member State currencies |
|||||||
|
11 |
Other assets |
Rest of the world |
Non-banks |
Loans |
Other Member State currencies |
||||||
|
2C |
Loans — rest of the world |
Non-banks |
DKK |
2,1 |
Claims on non-euro area residents denominated in foreign currency — receivables from the IMF |
Non-banks |
Loans |
DKK |
|||
|
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Non-banks |
Loans |
DKK |
|||||||
|
11 |
Other assets |
Rest of the world |
Non-banks |
Loans |
DKK |
||||||
|
2C |
Loans — rest of the world |
Non-banks |
SEK |
2,1 |
Claims on non-euro area residents denominated in foreign currency — receivables from the IMF |
Non-banks |
Loans |
SEK |
|||
|
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Non-banks |
Loans |
SEK |
|||||||
|
11 |
Other assets |
Rest of the world |
Non-banks |
Loans |
SEK |
||||||
|
2C |
Loans — rest of the world |
Non-banks |
GBP |
2,1 |
Claims on non-euro area residents denominated in foreign currency — receivables from the IMF |
Non-banks |
Loans |
GBP |
|||
|
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Non-banks |
Loans |
GBP |
|||||||
|
11 |
Other assets |
Rest of the world |
Non-banks |
Loans |
GBP |
||||||
|
2C |
Loans — rest of the world |
Non-banks |
Other currencies total |
2,1 |
Claims on non-euro area residents denominated in foreign currency — receivables from the IMF |
Non-banks |
Loans |
Other currencies total |
|||
|
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Non-banks |
Loans |
Other currencies total |
|||||||
|
11 |
Other assets |
Rest of the world |
Non-banks |
Loans |
Other currencies total |
||||||
|
2C |
Loans — rest of the world |
Non-banks |
USD |
2,1 |
Claims on non-euro area residents denominated in foreign currency — receivables from the IMF |
Non-banks |
Loans |
USD |
|||
|
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Non-banks |
Loans |
USD |
|||||||
|
11 |
Other assets |
Rest of the world |
Non-banks |
Loans |
USD |
||||||
|
2C |
Loans — rest of the world |
Non-banks |
JPY |
2,1 |
Claims on non-euro area residents denominated in foreign currency — receivables from the IMF |
Non-banks |
Loans |
JPY |
|||
|
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Non-banks |
Loans |
JPY |
|||||||
|
11 |
Other assets |
Rest of the world |
Non-banks |
Loans |
JPY |
||||||
|
2C |
Loans — rest of the world |
Non-banks |
CHF |
2,1 |
Claims on non-euro area residents denominated in foreign currency — receivables from the IMF |
Non-banks |
Loans |
CHF |
|||
|
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Non-banks |
Loans |
CHF |
|||||||
|
11 |
Other assets |
Rest of the world |
Non-banks |
Loans |
CHF |
||||||
|
2C |
Loans — rest of the world |
Non-banks |
Remaining currencies combined |
2,1 |
Claims on non-euro area residents denominated in foreign currency — receivables from the IMF |
Non-banks |
Loans |
Remaining currencies combined |
|||
|
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Non-banks |
Loans |
Remaining currencies combined |
|||||||
|
11 |
Other assets |
Rest of the world |
Non-banks |
Loans |
Remaining currencies combined |
||||||
|
3A |
Securities other than shares — domestic |
MFIs |
Other Member State currencies |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Securities other than shares |
Other Member State currencies |
|||
|
11 |
Other assets |
Domestic |
MFIs |
Securities other than shares |
Other Member State currencies |
||||||
|
3A |
Securities other than shares — domestic |
MFIs |
DKK |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Securities other than shares |
DKK |
|||
|
11 |
Other assets |
Domestic |
MFIs |
Securities other than shares |
DKK |
||||||
|
3A |
Securities other than shares — domestic |
MFIs |
SEK |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Securities other than shares |
SEK |
|||
|
11 |
Other assets |
Domestic |
MFIs |
Securities other than shares |
SEK |
||||||
|
3A |
Securities other than shares — domestic |
MFIs |
GBP |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Securities other than shares |
GBP |
|||
|
11 |
Other assets |
Domestic |
MFIs |
Securities other than shares |
GBP |
||||||
|
3A |
Securities other than shares — domestic |
MFIs |
Other currencies total |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Securities other than shares |
Other currencies total |
|||
|
11 |
Other assets |
Domestic |
MFIs |
Securities other than shares |
Other currencies total |
||||||
|
3A |
Securities other than shares — domestic |
MFIs |
USD |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Securities other than shares |
USD |
|||
|
11 |
Other assets |
Domestic |
MFIs |
Securities other than shares |
USD |
||||||
|
3A |
Securities other than shares — domestic |
MFIs |
JPY |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Securities other than shares |
JPY |
|||
|
11 |
Other assets |
Domestic |
MFIs |
Securities other than shares |
JPY |
||||||
|
3A |
Securities other than shares — domestic |
MFIs |
CHF |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Securities other than shares |
CHF |
|||
|
11 |
Other assets |
Domestic |
MFIs |
Securities other than shares |
CHF |
||||||
|
3A |
Securities other than shares — domestic |
MFIs |
Remaining currencies combined |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Securities other than shares |
Remaining currencies combined |
|||
|
11 |
Other assets |
Domestic |
MFIs |
Securities other than shares |
Remaining currencies combined |
||||||
|
3A |
Securities other than shares — domestic |
Non-MFIs |
Other Member State currencies |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Securities other than shares |
Other Member State currencies |
|||
|
11 |
Other assets |
Domestic |
Non-MFIs |
Securities other than shares |
Other Member State currencies |
||||||
|
3A |
Securities other than shares — domestic |
Non-MFIs |
DKK |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Securities other than shares |
DKK |
|||
|
11 |
Other assets |
Domestic |
Non-MFIs |
Securities other than shares |
DKK |
||||||
|
3A |
Securities other than shares — domestic |
Non-MFIs |
SEK |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Securities other than shares |
SEK |
|||
|
11 |
Other assets |
Domestic |
Non-MFIs |
Securities other than shares |
SEK |
||||||
|
3A |
Securities other than shares — domestic |
Non-MFIs |
GBP |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Securities other than shares |
GBP |
|||
|
11 |
Other assets |
Domestic |
Non-MFIs |
Securities other than shares |
GBP |
||||||
|
3A |
Securities other than shares — domestic |
Non-MFIs |
Other currencies total |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Securities other than shares |
Other currencies total |
|||
|
11 |
Other assets |
Domestic |
Non-MFIs |
Securities other than shares |
Other currencies total |
||||||
|
3A |
Securities other than shares — domestic |
Non-MFIs |
USD |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Securities other than shares |
USD |
|||
|
11 |
Other assets |
Domestic |
Non-MFIs |
Securities other than shares |
USD |
||||||
|
3A |
Securities other than shares — domestic |
Non-MFIs |
JPY |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Securities other than shares |
JPY |
|||
|
11 |
Other assets |
Domestic |
Non-MFIs |
Securities other than shares |
JPY |
||||||
|
3A |
Securities other than shares — domestic |
Non-MFIs |
CHF |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Securities other than shares |
CHF |
|||
|
11 |
Other assets |
Domestic |
Non-MFIs |
Securities other than shares |
CHF |
||||||
|
3A |
Securities other than shares — domestic |
Non-MFIs |
Remaining currencies combined |
3 |
Claims on euro area residents denominated in foreign currency |
Domestic |
Securities other than shares |
Remaining currencies combined |
|||
|
11 |
Other assets |
Domestic |
Non-MFIs |
Securities other than shares |
Remaining currencies combined |
||||||
|
3B |
Securities other than shares — other participating Member States |
MFIs |
Other Member State currencies |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Securities other than shares |
Other Member State currencies |
|||
|
11 |
Other assets |
Other participating Member States |
MFIs |
Securities other than shares |
Other Member State currencies |
||||||
|
3B |
Securities other than shares — other participating Member States |
MFIs |
DKK |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Securities other than shares |
DKK |
|||
|
11 |
Other assets |
Other participating Member States |
MFIs |
Securities other than shares |
DKK |
||||||
|
3B |
Securities other than shares — other participating Member States |
MFIs |
SEK |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Securities other than shares |
SEK |
|||
|
11 |
Other assets |
Other participating Member States |
MFIs |
Securities other than shares |
SEK |
||||||
|
3B |
Securities other than shares — other participating Member States |
MFIs |
GBP |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Securities other than shares |
GBP |
|||
|
11 |
Other assets |
Other participating Member States |
MFIs |
Securities other than shares |
GBP |
||||||
|
3B |
Securities other than shares — other participating Member States |
MFIs |
Other currencies total |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Securities other than shares |
Other currencies total |
|||
|
11 |
Other assets |
Other participating Member States |
MFIs |
Securities other than shares |
Other currencies total |
||||||
|
3B |
Securities other than shares — other participating Member States |
MFIs |
USD |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Securities other than shares |
USD |
|||
|
11 |
Other assets |
Other participating Member States |
MFIs |
Securities other than shares |
USD |
||||||
|
3B |
Securities other than shares — other participating Member States |
MFIs |
JPY |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Securities other than shares |
JPY |
|||
|
11 |
Other assets |
Other participating Member States |
MFIs |
Securities other than shares |
JPY |
||||||
|
3B |
Securities other than shares — other participating Member States |
MFIs |
CHF |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Securities other than shares |
CHF |
|||
|
11 |
Other assets |
Other participating Member States |
MFIs |
Securities other than shares |
CHF |
||||||
|
3B |
Securities other than shares — other participating Member States |
MFIs |
Remaining currencies combined |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Securities other than shares |
Remaining currencies combined |
|||
|
11 |
Other assets |
Other participating Member States |
MFIs |
Securities other than shares |
Remaining currencies combined |
||||||
|
3B |
Securities other than shares — other participating Member States |
Non-MFIs |
Other Member State currencies |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Securities other than shares |
Other Member State currencies |
|||
|
11 |
Other assets |
Other participating Member States |
Non-MFIs |
Securities other than shares |
Other Member State currencies |
||||||
|
3B |
Securities other than shares — other participating Member States |
Non-MFIs |
DKK |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Securities other than shares |
DKK |
|||
|
11 |
Other assets |
Other participating Member States |
Non-MFIs |
Securities other than shares |
DKK |
||||||
|
3B |
Securities other than shares — other participating Member States |
Non-MFIs |
SEK |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Securities other than shares |
SEK |
|||
|
11 |
Other assets |
Other participating Member States |
Non-MFIs |
Securities other than shares |
SEK |
||||||
|
3B |
Securities other than shares — other participating Member States |
Non-MFIs |
GBP |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Securities other than shares |
GBP |
|||
|
11 |
Other assets |
Other participating Member States |
Non-MFIs |
Securities other than shares |
GBP |
||||||
|
3B |
Securities other than shares — other participating Member States |
Non-MFIs |
Other currencies total |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Securities other than shares |
Other currencies total |
|||
|
11 |
Other assets |
Other participating Member States |
Non-MFIs |
Securities other than shares |
Other currencies total |
||||||
|
3B |
Securities other than shares — other participating Member States |
Non-MFIs |
USD |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Securities other than shares |
USD |
|||
|
11 |
Other assets |
Other participating Member States |
Non-MFIs |
Securities other than shares |
USD |
||||||
|
3B |
Securities other than shares — other participating Member States |
Non-MFIs |
JPY |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Securities other than shares |
JPY |
|||
|
11 |
Other assets |
Other participating Member States |
Non-MFIs |
Securities other than shares |
JPY |
||||||
|
3B |
Securities other than shares — other participating Member States |
Non-MFIs |
CHF |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Securities other than shares |
CHF |
|||
|
11 |
Other assets |
Other participating Member States |
Non-MFIs |
Securities other than shares |
CHF |
||||||
|
3B |
Securities other than shares — other participating Member States |
Non-MFIs |
Remaining currencies combined |
3 |
Claims on euro area residents denominated in foreign currency |
Other participating Member States |
Securities other than shares |
Remaining currencies combined |
|||
|
11 |
Other assets |
Other participating Member States |
Non-MFIs |
Securities other than shares |
Remaining currencies combined |
||||||
|
3C |
Securities other than shares — rest of the world |
Banks |
All currencies combined |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Banks |
Securities other than shares |
||||
|
4,1 |
Claims on non-euro area residents denominated in euro — balances with banks, security investments and loans |
Banks |
Securities other than shares |
||||||||
|
11 |
Other assets |
Rest of the world |
Banks |
Securities other than shares |
|||||||
|
3C |
Securities other than shares — rest of the world |
Banks |
Euro |
4,1 |
Claims on non-euro area residents denominated in euro — balances with banks, security investments and loans |
Banks |
Securities other than shares |
||||
|
11 |
Other assets |
Rest of the world |
Banks |
Securities other than shares |
Euro |
||||||
|
3C |
Securities other than shares — rest of the world |
Banks |
Other Member State currencies |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Banks |
Securities other than shares |
Other Member State currencies |
|||
|
11 |
Other assets |
Rest of the world |
Banks |
Securities other than shares |
Other Member State currencies |
||||||
|
3C |
Securities other than shares — rest of the world |
Banks |
DKK |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Banks |
Securities other than shares |
DKK |
|||
|
11 |
Other assets |
Rest of the world |
Banks |
Securities other than shares |
DKK |
||||||
|
3C |
Securities other than shares — rest of the world |
Banks |
SEK |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Banks |
Securities other than shares |
SEK |
|||
|
11 |
Other assets |
Rest of the world |
Banks |
Securities other than shares |
SEK |
||||||
|
3C |
Securities other than shares — rest of the world |
Banks |
GBP |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Banks |
Securities other than shares |
GBP |
|||
|
11 |
Other assets |
Rest of the world |
Banks |
Securities other than shares |
GBP |
||||||
|
3C |
Securities other than shares — rest of the world |
Banks |
Other currencies total |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Banks |
Securities other than shares |
Other currencies total |
|||
|
11 |
Other assets |
Rest of the world |
Banks |
Securities other than shares |
Other currencies total |
||||||
|
3C |
Securities other than shares — rest of the world |
Banks |
USD |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Banks |
Securities other than shares |
USD |
|||
|
11 |
Other assets |
Rest of the world |
Banks |
Securities other than shares |
USD |
||||||
|
3C |
Securities other than shares — rest of the world |
Banks |
JPY |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Banks |
Securities other than shares |
JPY |
|||
|
11 |
Other assets |
Rest of the world |
Banks |
Securities other than shares |
JPY |
||||||
|
3C |
Securities other than shares — rest of the world |
Banks |
CHF |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Banks |
Securities other than shares |
CHF |
|||
|
11 |
Other assets |
Rest of the world |
Banks |
Securities other than shares |
CHF |
||||||
|
3C |
Securities other than shares — rest of the world |
Banks |
Remaining currencies combined |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Banks |
Securities other than shares |
Remaining currencies combined |
|||
|
11 |
Other assets |
Rest of the world |
Banks |
Securities other than shares |
Remaining currencies combined |
||||||
|
3C |
Securities other than shares — rest of the world |
Non-banks |
All currencies combined |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Non-banks |
Securities other than shares |
||||
|
4,1 |
Claims on non-euro area residents denominated in euro — balances with banks, security investments and loans |
Non-banks |
Securities other than shares |
||||||||
|
11 |
Other assets |
Rest of the world |
Non-banks |
Securities other than shares |
|||||||
|
3C |
Securities other than shares — rest of the world |
Non-banks |
Euro |
4,1 |
Claims on non-euro area residents denominated in euro — balances with banks, security investments and loans |
Non-banks |
Securities other than shares |
||||
|
11 |
Other assets |
Rest of the world |
Non-banks |
Securities other than shares |
Euro |
||||||
|
3C |
Securities other than shares — rest of the world |
Non-banks |
Other Member State currencies |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Non-banks |
Securities other than shares |
Other Member State currencies |
|||
|
11 |
Other assets |
Rest of the world |
Non-banks |
Securities other than shares |
Other Member State currencies |
||||||
|
3C |
Securities other than shares — rest of the world |
Non-banks |
DKK |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Non-banks |
Securities other than shares |
DKK |
|||
|
11 |
Other assets |
Rest of the world |
Non-banks |
Securities other than shares |
DKK |
||||||
|
3C |
Securities other than shares — rest of the world |
Non-banks |
SEK |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Non-banks |
Securities other than shares |
SEK |
|||
|
11 |
Other assets |
Rest of the world |
Non-banks |
Securities other than shares |
SEK |
||||||
|
3C |
Securities other than shares — rest of the world |
Non-banks |
GBP |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Non-banks |
Securities other than shares |
GBP |
|||
|
11 |
Other assets |
Rest of the world |
Non-banks |
Securities other than shares |
GBP |
||||||
|
3C |
Securities other than shares — rest of the world |
Non-banks |
Other currencies total |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Non-banks |
Securities other than shares |
Other currencies total |
|||
|
11 |
Other assets |
Rest of the world |
Non-banks |
Securities other than shares |
Other currencies total |
||||||
|
3C |
Securities other than shares — rest of the world |
Non-banks |
USD |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Non-banks |
Securities other than shares |
USD |
|||
|
11 |
Other assets |
Rest of the world |
Non-banks |
Securities other than shares |
USD |
||||||
|
3C |
Securities other than shares — rest of the world |
Non-banks |
JPY |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Non-banks |
Securities other than shares |
JPY |
|||
|
11 |
Other assets |
Rest of the world |
Non-banks |
Securities other than shares |
JPY |
||||||
|
3C |
Securities other than shares — rest of the world |
Non-banks |
CHF |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Non-banks |
Securities other than shares |
CHF |
|||
|
11 |
Other assets |
Rest of the world |
Non-banks |
Securities other than shares |
CHF |
||||||
|
3C |
Securities other than shares — rest of the world |
Non-banks |
Remaining currencies combined |
2,2 |
Claims on non-euro area residents denominated in foreign currency — balances with banks and security investments, external loans and other external assets |
Non-banks |
Securities other than shares |
Remaining currencies combined |
|||
|
11 |
Other assets |
Rest of the world |
Non-banks |
Securities other than shares |
Remaining currencies combined |
||||||
ANNEX II
Monitoring the consistency between accounting and statistical data in respect of the NCB/ECB balance sheets
PART 1
Description of the checks
|
Check No |
Statistical item NCB/ECB balance sheet |
Relationship |
Accounting item |
||
|
LIABILITIES |
1 |
Currency in circulation |
>= |
The statistical category should slightly exceed the accounting category, as only the statistical category includes coins issued by the central government. |
Banknotes in circulation |
|
2 |
Deposits of euro area residents |
>=< |
The statistical category should be larger than the sum of the accounting items. This is due to the fact that intra-Eurosystem positions are included within the statistical category at an aggregated level, whereas they are excluded from the accounting items (1). However, the relationship may be different as the accounting items include the intra-Eurosystem positions representing the counterpart to the euro banknote adjustments which are recorded under ‘remaining assets/liabilities’ for statistical purposes, and as balances in foreign currency are revalued at a different frequency (quarterly as regards the accounting data, monthly as regards the statistical data). |
Liabilities to euro area credit institutions in euro + other liabilities to euro area credit institutions in euro + liabilities to other euro area residents in euro + liabilities to euro area residents in foreign currency |
|
|
3 |
Deposits of euro area residents, of which monetary financial institutions (MFIs) |
>=< |
This check should reflect the impact of the inclusion of intra-Eurosystem balances on a gross basis within the statistical category and of their exclusion from the accounting categories (1). In principle, the statistical data should be larger than the accounting data, also because they include liabilities to financial counterparties in foreign currency. However, the different classification of the counterpart to the euro banknotes adjustments may reverse this relationship. |
Liabilities to euro area credit institutions in euro + other liabilities to euro area credit institutions in euro |
|
|
4 |
Deposits of euro area residents, of which central government + other general government/other euro area residents |
=< |
The sum of the statistical categories should be smaller than the sum of the accounting categories due to the inclusion of liabilities to credit institutions in foreign currency only in the accounting data. |
Liabilities to other euro area residents in euro + liabilities to euro area residents in foreign currency |
|
|
5 |
Debt securities issued |
= |
The statistical category should equal the accounting category. |
Debt certificates issued |
|
|
6 |
Capital and reserves |
>= |
The statistical category may differ slightly from the accounting one because of the revaluation effect, which takes place on a quarterly basis in some central banks. Moreover, a difference arises as the accounting balance sheet item ‘profits not yet allocated’ and some of the item ‘provisions account’ are recorded as a subset of the residual item in the accounting data, but are part of ‘capital and reserves’ in the statistical data. |
Capital and reserves + revaluation accounts |
|
|
7 |
External liabilities |
≈ |
The statistical category should be approximately the same as the sum of the accounting items. The two values can only differ due to different valuation periodicity. |
Liabilities to non-euro area residents in euro + liabilities to non-euro area residents in foreign currency + counterpart of special drawing rights allocated by the International Monetary Fund |
|
|
8 |
Remaining liabilities |
≈ |
Any difference between the statistical category and the accounting category might be explained by the differences identified elsewhere in the balance sheet. |
Other liabilities |
|
|
ASSETS |
9 |
Loans to euro area residents |
>= |
See Checks No 10 and 11. |
Lending to euro area credit institutions in euro + other claims on euro area credit institutions in euro + general government debt in euro |
|
10 |
Loans to euro area residents, of which MFIs |
>= |
The statistical category should be larger than the sum of the accounting items. Differences are mainly due to intra-Eurosystem positions being reported gross in the statistical data, but netted out from the accounting report (see also liabilities) (1). Moreover, accounting data do not include balances in foreign currency. |
Lending to euro area credit institutions in euro + other claims on euro area credit institutions in euro |
|
|
11 |
Loans to euro area residents, of which general government |
>= |
The statistical category is an all-currency concept and may be larger than the accounting category, which refers to loans denominated only in euro. |
General government debt in euro |
|
|
12 |
Holdings of securities other than shares issued by euro area residents |
>= |
The statistical category should be larger than the accounting category because it includes holdings of securities denominated in foreign currency and some other securities holdings, which are classified under ‘other assets’ (for staff pension funds, investment of own capital, etc.) in accounting data. |
Securities of euro area residents in euro |
|
|
13 |
Loans to euro area residents, of which other euro area residents + holdings of shares/other equity issued by euro area residents + fixed assets + remaining assets |
≈ |
See Check No 8 |
Other assets + claims on euro area residents in foreign currency |
|
|
14 |
External assets |
>= |
The statistical category should be slightly larger than the sum of the accounting categories because it includes some shares and other equity and cash (banknotes) in foreign currencies, which are excluded from the accounting category. The two values can also differ due to different valuation periodicity. |
Gold and gold receivables + claims on non-euro area residents in foreign currency + claims on non-euro area residents in euro |
|
|
(1) However, from a national perspective, this effect should not be present, since both sets of data are reported on a gross basis whilst only accounting data are consolidated by the European Central Bank (ECB) (and intra-Eurosystem positions are netted out) for the purpose of the weekly financial statement. |
|||||
PART 2
Template for the monthly simplified explanatory note on consistency checks
|
Name of the central bank: … |
Consistency checks for the end-month: … |
|
Statistical value A |
Accounting value B |
Difference C |
Outcome of check D (1) |
Brief explanation E |
|
|
1 — Currency in circulation |
|||||
|
2 — Deposits of euro area residents |
|||||
|
3 — Deposits of euro area residents o/w MFIs |
|||||
|
4 — Deposits of euro area residents, o/w non-MFIs |
|||||
|
5 — Debt securities issued |
|||||
|
6 — Capital and reserves |
|||||
|
7 — External liabilities |
|||||
|
8 — Remaining liabilities |
|||||
|
9 — Loans to euro area residents |
|||||
|
10 — Loans to euro area residents o/w MFIs |
|||||
|
11 — Loans to euro area residents o/w general government |
|||||
|
12 — Holdings of securities other than shares issued by euro area residents |
|||||
|
13 — Residual assets |
|||||
|
14 — External assets |
|||||
|
(1) Please enter ‘OK’ if the linear relationship of the consistency check is satisfied. Otherwise, please enter ‘NO’. |
|||||
PART 3
Annual comprehensive explanatory note on consistency checks
Central banks must report and explain 3 categories of discrepancies identified between statistical and accounting data: (i) discrepancies due to revision; (ii) discrepancies due to different presentation and classification rules; and (iii) any other discrepancies, including reporting errors.
For each of these categories, central banks must report and explain the following details:
— amounts;
— impact on past data series, if any;
— whether the discrepancy is due to a one-off revision or to regular revisions.
ANNEX III
REPORTING SCHEMES
PART 1
Balance sheet item statistics on monetary financial institutions
All statistical returns must contain the amount of data specified in the relevant tables of Regulation ECB/2001/13 or this Guideline, irrespective of the actual existence of the underlying phenomenon even when they are zero or missing. ‘NC’ must be used to indicate that the phenomenon does not exist. However, if data do not exist for a whole sector in the memorandum items, e.g central government series, national central banks (NCBs) may decide not to provide them.
Historical data and revisions to periods prior to January 2003 for monthly series according to Regulation ECB/2001/13 that were reported with a quarterly frequency for the period prior to January 2003 according to Regulation ECB/1998/16, must be sent as monthly series, as illustrated in the table below. Revisions to the quarterly series must be sent as monthly data with reference to the last month of the quarter to which they refer, using the monthly series keys. Historical data prior to January 2003 may be reported on a voluntary basis when available and flagged as appropriate through the use of the observation status and observation comment attributes ( 18 ). Historical data resulting from estimates may be sent as estimates and appropriately flagged. In this case, a description of the methods of estimation must also be provided with the first data transmission.
Series which changed timeliness. Revisions and historical data for periods prior to January 2003
|
Monthly series |
Timeliness |
Validity |
Reporting (1) |
|
|
Up to |
As from |
|||
|
Reported on a quarterly |
Q |
Dec 02 data |
Revisions: reported using the monthly series keys with reference to the last month of the quarter to which the data refer |
|
|
.basis prior to January 2003 |
M |
Jan 03 data |
Historical data: reporting of monthly data subject to their availability |
|
|
(1) Revisions: revisions to data prior to January 2003 that were previously reported on a quarterly basis. |
||||
TABLE 1
Items for which monthly flow adjustments are required (1)
|
BALANCE SHEET ITEMS |
A. Domestic |
B. Other participating Member States |
C. Rest of the world |
D. Not allocated |
||||||||||||||||||||||||
|
MFIs |
Non-MFIs |
MFIs |
Non-MFIs |
Total |
Banks |
Non-banks |
||||||||||||||||||||||
|
Credit institutions |
of which: credit institutions subject to RRs, ECB and NCBs |
General government (S.13) |
Other resident sectors |
Credit institutions |
of which: credit institutions subject to RRs, ECB and NCBs |
General government (S.13) |
Other resident sectors |
|||||||||||||||||||||
|
Central Government (S.1311) |
Other general government |
Total |
Other financial intermediaries + financial auxiliaries (S.123 + S.124) |
Insurance corporations and pension funds (S.125) |
Non-financial corporations (S.11) |
Households + non-profit institutions serving households (S.14 + S.15) |
Central government (S.1311) |
Other general government |
Total |
Other financial intermediaries + financial auxiliaries (S.123 + S.124) |
Insurance corporations and pension funds (S.125) |
Non-financial corporations (S.11) |
Households + non-profit institutions serving households (S.14 + S.15) |
|||||||||||||||
|
of which: CCP (2) |
of which: FVCs |
of which: CCP (2) |
of which: FVCs |
|||||||||||||||||||||||||
|
LIABILITIES |
||||||||||||||||||||||||||||
|
8 Currency in circulation |
1 |
|||||||||||||||||||||||||||
|
9 Deposits |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
|||||||||||||||||||||
|
up to 1 year |
9 |
|||||||||||||||||||||||||||
|
over 1 year |
10 |
|||||||||||||||||||||||||||
|
of which transferable deposits |
11 |
12 |
13 |
14 |
15 |
16 |
17 |
18 |
||||||||||||||||||||
|
of which up to 2 years |
19 |
20 |
||||||||||||||||||||||||||
|
of which syndicated loans |
21 |
|||||||||||||||||||||||||||
|
9e Euro |
22 |
23 |
||||||||||||||||||||||||||
|
9.1e Overnight |
24 |
25 |
26 |
27 |
28 |
29 |
30 |
31 |
32 |
33 |
34 |
35 |
||||||||||||||||
|
of which transferable deposits |
36 |
37 |
38 |
|||||||||||||||||||||||||
|
9.2e With agreed maturit |
||||||||||||||||||||||||||||
|
up to 1 year |
39 |
40 |
41 |
42 |
43 |
44 |
45 |
46 |
47 |
48 |
49 |
50 |
||||||||||||||||
|
over 1 and up to 2 years |
51 |
52 |
53 |
54 |
55 |
56 |
57 |
58 |
59 |
60 |
61 |
62 |
||||||||||||||||
|
over 2 years |
63 |
64 |
65 |
66 |
67 |
68 |
69 |
70 |
71 |
72 |
73 |
74 |
75 |
76 |
77 |
79 |
79 |
|||||||||||
|
9.3e Redeemable at notice |
||||||||||||||||||||||||||||
|
up to 3 months |
80 |
81 |
82 |
83 |
84 |
85 |
86 |
87 |
88 |
89 |
90 |
91 |
||||||||||||||||
|
over 3 months |
92 |
93 |
94 |
95 |
96 |
97 |
98 |
99 |
100 |
101 |
102 |
103 |
||||||||||||||||
|
of which over 2 years |
104 |
105 |
106 |
107 |
108 |
109 |
110 |
111 |
112 |
|||||||||||||||||||
|
9.4e Repos |
113 |
114 |
115 |
116 |
117 |
118 |
119 |
120 |
121 |
122 |
123 |
124 |
125 |
126 |
127 |
128 |
129 |
130 |
131 |
|||||||||
|
9x Foreign currencies |
||||||||||||||||||||||||||||
|
9.1x Overnight |
132 |
133 |
134 |
135 |
136 |
137 |
138 |
139 |
140 |
141 |
142 |
143 |
||||||||||||||||
|
9.2x With agreed maturity |
||||||||||||||||||||||||||||
|
up to 1 year |
144 |
145 |
146 |
147 |
148 |
149 |
150 |
151 |
152 |
153 |
154 |
155 |
||||||||||||||||
|
over 1 and up to 2 years |
156 |
157 |
158 |
159 |
160 |
161 |
162 |
163 |
164 |
165 |
166 |
167 |
||||||||||||||||
|
over 2 years |
168 |
169 |
170 |
171 |
172 |
173 |
174 |
175 |
176 |
177 |
178 |
179 |
180 |
181 |
182 |
183 |
184 |
|||||||||||
|
9.3x Redeemable at notice |
||||||||||||||||||||||||||||
|
up to 3 months |
185 |
186 |
187 |
188 |
189 |
190 |
191 |
192 |
193 |
194 |
195 |
196 |
||||||||||||||||
|
over 3 months |
197 |
198 |
199 |
200 |
201 |
202 |
203 |
204 |
205 |
206 |
207 |
208 |
||||||||||||||||
|
of which over 2 years |
209 |
210 |
211 |
212 |
213 |
214 |
215 |
216 |
217 |
|||||||||||||||||||
|
9.4x Repos |
218 |
219 |
220 |
221 |
222 |
223 |
224 |
225 |
226 |
227 |
228 |
229 |
230 |
231 |
232 |
233 |
234 |
235 |
236 |
|||||||||
|
10 MMFs shares/units |
237 |
|||||||||||||||||||||||||||
|
11 Debt securities issued |
||||||||||||||||||||||||||||
|
11e Euro |
||||||||||||||||||||||||||||
|
up to 1 year |
# 238 |
|||||||||||||||||||||||||||
|
over 1 and up to 2 years |
# 239 |
|||||||||||||||||||||||||||
|
of which up to 2 years and nominal capital guarantee below 100 % |
# 240 |
|||||||||||||||||||||||||||
|
over 2 years |
# 241 |
|||||||||||||||||||||||||||
|
11x Foreign currencies |
||||||||||||||||||||||||||||
|
up to 1 year |
# 242 |
|||||||||||||||||||||||||||
|
over 1 and up to 2 years |
# 243 |
|||||||||||||||||||||||||||
|
of which up to 2 years and nominal capital guarantee below 100 % |
# 244 |
|||||||||||||||||||||||||||
|
over 2 year |
# 245 |
|||||||||||||||||||||||||||
|
12 Capital and reserves |
# 246 |
|||||||||||||||||||||||||||
|
13 Remaining liabilities |
# 247 |
|||||||||||||||||||||||||||
|
BALANCE SHEET ITEMS |
A. Domestic |
B. Other participating Member States |
C. Rest of the world |
D. Not allocated |
||||||||||||||||||||||||
|
MFIs |
Non-MFIs |
MFIs |
Non-MFIs |
|||||||||||||||||||||||||
|
General government (S.13) |
Other resident sectors |
General government (S.13) |
Other resident sectors |
|||||||||||||||||||||||||
|
Total |
Other financial intermediaries + financial auxiliaries (S.123 + S.124) |
Insurance corporations and pension funds (S.125) |
Non-financial corporations (S.11) |
Households + non-profit institutions serving households (S.14 + S.15) |
Total |
Other financial intermediaries + financial auxiliaries (S.123 + S.124) |
Insurance corporations and pension funds (S.125) |
Non-financial corporations (S.11) |
Households + non-profit institutions serving households (S.14 + S.15) |
|||||||||||||||||||
|
of which: CCP (2) |
of which: FVCs |
Total |
Credit for consumption |
Lending for house purchase |
Other lending |
of which: CCP (2) |
of which: FVCs |
Total |
Credit for consumption |
Lending for house purchase |
Other lending |
|||||||||||||||||
|
of which: SP/UP (3) |
of which: SP/UP (3) |
|||||||||||||||||||||||||||
|
ASSETS |
||||||||||||||||||||||||||||
|
1. Cash |
248 |
|||||||||||||||||||||||||||
|
1e of which euro |
249 |
|||||||||||||||||||||||||||
|
2. Loans |
# 250 |
# 251 |
# 252 |
# 253 |
# 254 |
# 255 |
# 256 |
|||||||||||||||||||||
|
up to 1 year |
# 257 |
# 258 |
# 259 |
# 260 |
# 261 |
# 262 |
# 263 |
# 264 |
# 265 |
# 266 |
# 267 |
# 268 |
# 269 |
# 270 |
# 271 |
|||||||||||||
|
over 1 year and up to 5 years |
# 272 |
# 273 |
# 274 |
# 275 |
# 276 |
# 277 |
# 278 |
# 279 |
# 280 |
# 281 |
# 282 |
# 283 |
# 284 |
# 285 |
# 286 |
|||||||||||||
|
over 5 years |
# 287 |
# 288 |
# 289 |
# 290 |
# 291 |
# 292 |
# 293 |
# 294 |
# 295 |
# 296 |
# 297 |
# 298 |
# 299 |
# 300 |
||||||||||||||
|
of which syndicated loans |
# 301 |
# 302 |
# 303 |
# 304 |
# 305 |
# 306 |
# 307 |
# 308 |
||||||||||||||||||||
|
of which repos |
309 |
310 |
||||||||||||||||||||||||||
|
2e of which euro |
# 311 |
# 312 |
# 313 |
# 314 |
# 315 |
# 316 |
# 317 |
# 318 |
# 319 |
# 320 |
# 321 |
# 322 |
||||||||||||||||
|
— of which revolving loans and overdrafts |
# 323 |
# 324 |
# 325 |
# 326 |
||||||||||||||||||||||||
|
— of which convenience credit card credit |
# 327 |
# 328 |
# 329 |
# 330 |
||||||||||||||||||||||||
|
— of which extended credit card credit |
# 331 |
# 332 |
# 333 |
# 334 |
||||||||||||||||||||||||
|
3. Securities other than shares |
# 335 |
# 336 |
# 337 |
|||||||||||||||||||||||||
|
3e Euro |
# 338 |
# 339 |
# 340 |
# 341 |
||||||||||||||||||||||||
|
up to 1 year |
# 342 |
# 343 |
||||||||||||||||||||||||||
|
over 1 and up to 2 years |
# 344 |
# 345 |
||||||||||||||||||||||||||
|
over 2 years |
# 346 |
# 347 |
||||||||||||||||||||||||||
|
3x Foreign currencies |
# 349 |
# 350 |
# 352 |
# 353 |
||||||||||||||||||||||||
|
up to 1 year |
# 354 |
# 355 |
||||||||||||||||||||||||||
|
over 1 and up to 2 years |
# 356 |
# 357 |
||||||||||||||||||||||||||
|
over 2 years |
# 358 |
# 359 |
||||||||||||||||||||||||||
|
4. MMF shares/units |
360 |
361 |
362 |
|||||||||||||||||||||||||
|
5. Shares and other equity |
# 363 |
# 364 |
# 365 |
# 366 |
# 367 |
|||||||||||||||||||||||
|
6. Fixed assets |
# 368 |
|||||||||||||||||||||||||||
|
7. Remaining assets |
# 369 |
|||||||||||||||||||||||||||
(1) Reclassification adjustments are to be transmitted to the ECB for all cells; revaluation adjustments only for cells marked with a #.
(2) Central counterparties.
(3) Sole proprietors/unincorporated partnerships.
TABLE 2
Items for which quarterly flow adjustment are required (1)
|
BALANCE SHEET ITEMS |
A. Domestic |
B. Other participating Member States |
C. Rest of the world |
|||||||||||||||||||||||||||||||||||||
|
Non-MFIs |
Non-MFIs |
Total |
||||||||||||||||||||||||||||||||||||||
|
General government (S.13) |
Other resident sectors |
General government (S.13) |
Other resident sectors |
Banks |
Non-banks |
|||||||||||||||||||||||||||||||||||
|
Total |
Central government (S.1311) |
Other general government |
Total |
Other financial intermediaries + financial auxiliaries (S.123 + S.124) |
Insurance corporations and pension funds (S.125) |
Non-financial corporations (S.11) |
Households + non-profit institutions serving households (S.14 + S.15) |
Total |
Central government (S.1311) |
Other general government |
Total |
Other financial intermediaries + financial auxiliaries (S.123 + S.124) |
Insurance corporations and pension funds (S.125) |
Non-financial corporations (S.11) |
Households + non-profit institutions serving households (S.14 + S.15) |
General government |
Other resident sectors |
|||||||||||||||||||||||
|
Total |
State government (S.1312) |
Local government (S.1313) |
Social security funds (S.1314) |
Credit for consumption |
Lending for house purchase |
Other lending |
Total |
State government (S.1312) |
Local government (S.1313) |
Social security funds (S.1314) |
Credit for consumption |
Lending for house purchase |
Other lending |
|||||||||||||||||||||||||||
|
Real estate collateral |
Total |
Real estate collateral |
Real estate collateral |
Real estate collateral |
Real estate collateral |
Total |
Real estate collateral |
Real estate collateral |
Real estate collateral |
|||||||||||||||||||||||||||||||
|
LIABILITIES |
||||||||||||||||||||||||||||||||||||||||
|
8. Currency in circulation |
||||||||||||||||||||||||||||||||||||||||
|
9. Deposits |
370 |
371 |
372 |
|||||||||||||||||||||||||||||||||||||
|
9.1. Overnight |
373 |
374 |
375 |
376 |
377 |
378 |
||||||||||||||||||||||||||||||||||
|
9.2. With agreed maturity |
379 |
380 |
381 |
382 |
383 |
384 |
||||||||||||||||||||||||||||||||||
|
9.3. Redeemable at notice |
385 |
386 |
387 |
388 |
389 |
390 |
||||||||||||||||||||||||||||||||||
|
9.4. Repos |
391 |
392 |
393 |
394 |
395 |
396 |
||||||||||||||||||||||||||||||||||
|
10. MMFs shares/units |
||||||||||||||||||||||||||||||||||||||||
|
11. Debt securities issued |
||||||||||||||||||||||||||||||||||||||||
|
12. Capital and reserves |
||||||||||||||||||||||||||||||||||||||||
|
13. Remaining liabilities |
||||||||||||||||||||||||||||||||||||||||
|
ASSETS |
||||||||||||||||||||||||||||||||||||||||
|
1. Cash |
||||||||||||||||||||||||||||||||||||||||
|
2. Loans |
397 |
# 398 |
# 399 |
# 400 |
# 401 |
# 402 |
# 403 |
# 404 |
# 405 |
# 406 |
# 407 |
# 408 |
# 409 |
|||||||||||||||||||||||||||
|
up to 1 year |
# 410 |
# 411 |
# 412 |
# 413 |
# 414 |
# 415 |
# 416 |
# 417 |
||||||||||||||||||||||||||||||||
|
over 1 and up to 5 years |
# 418 |
# 419 |
# 420 |
# 421 |
# 422 |
# 423 |
# 424 |
# 425 |
||||||||||||||||||||||||||||||||
|
over 5 years |
# 426 |
# 427 |
# 428 |
# 429 |
# 430 |
# 431 |
# 432 |
# 433 |
||||||||||||||||||||||||||||||||
|
2e Euro |
# 434 |
# 435 |
# 436 |
# 437 |
# 438 |
# 439 |
# 440 |
# 441 |
||||||||||||||||||||||||||||||||
|
Loans with original maturity over 1 year |
||||||||||||||||||||||||||||||||||||||||
|
of which loans with remaining maturity of less than or equal to 1 year |
||||||||||||||||||||||||||||||||||||||||
|
of which loans with remaining maturity over 1 year and with interest rate reset in the next 12 months |
||||||||||||||||||||||||||||||||||||||||
|
Loans with original maturity over 2 years |
||||||||||||||||||||||||||||||||||||||||
|
of which loans with remaining maturity of less than or equal to 2 years |
||||||||||||||||||||||||||||||||||||||||
|
of which loans with remaining maturity over 2 years and with interest rate reset in the next 24 months |
||||||||||||||||||||||||||||||||||||||||
|
3. Securities other than shares |
# 458 |
# 459 |
# 460 |
# 461 |
# 462 |
|||||||||||||||||||||||||||||||||||
|
up to 1 year |
# 463 |
# 464 |
# 465 |
# 466 |
# 467 |
# 468 |
# 469 |
# 470 |
# 471 |
# 472 |
# 473 |
# 474 |
# 475 |
# 476 |
||||||||||||||||||||||||||
|
over 1 year |
# 477 |
# 478 |
# 479 |
# 480 |
# 481 |
# 482 |
# 483 |
# 484 |
# 485 |
# 486 |
# 487 |
# 488 |
# 489 |
# 490 |
||||||||||||||||||||||||||
|
4. MMFs shares/units |
||||||||||||||||||||||||||||||||||||||||
|
5. Shares and other equity |
# 491 |
# 492 |
# 493 |
# 494 |
# 495 |
# 496 |
||||||||||||||||||||||||||||||||||
|
6. Fixed assets |
||||||||||||||||||||||||||||||||||||||||
|
7. Remaining assets |
||||||||||||||||||||||||||||||||||||||||
|
(1) Reclassification adjustments are to be transmitted to the ECB for all cells; revaluation adjustments only for cells marked with a #. |
||||||||||||||||||||||||||||||||||||||||
TABLE 3a
Securitisations and other loan transfers: items for which monthly flow adjustments are required (1)
|
BALANCE SHEET ITEMS |
A. Domestic |
B. Other participting Member States |
C. Rest of the world |
||||||||||||
|
General government (S.13) |
Other resident sectors |
General government (S.13) |
Other resident sectors |
||||||||||||
|
Total |
Other gen.gov't (S.1312 + S.1313 + S.1314) |
Total |
Other financial intermediaries + financial auxiliaries (S.123 + S.124) |
Insurance corporations and pension funds (S.125) |
Non-financial corporations (S.11) |
Households + non-profit institutions serving households (S.14 + S.15) |
Total |
Other general government (S.1312 + S.1313 + S.1314) |
Total |
Other financial intermediaries + financial auxiliaries (S.123 + S.124) |
Insurance corporations and pension funds (S.125) |
Non-financial corporations (S.11) |
Households + non-profit institutions serving households (S.14 + S.15) |
||
|
1. Outstanding amounts of securitised loans not derecognised |
|||||||||||||||
|
1.1. Total |
497 |
498 |
499 |
500 |
501 |
502 |
503 |
504 |
505 |
506 |
507 |
508 |
509 |
||
|
1.1.1. of which securitised through a euro area FVC |
510 |
511 |
512 |
513 |
514 |
515 |
516 |
517 |
518 |
519 |
520 |
521 |
522 |
||
|
(1) Only reclassification adjustments are to be transmitted to the ECB in respect of this table. |
|||||||||||||||
TABLE 3b
Securitisations and other loan transfers: items for which quarterly flow adjustments are required (2)
|
BALANCE SHEET ITEMS |
A. Domestic |
B. Other participting Member States |
C. Rest of the world |
||||||||||||||||||
|
General government (S.13) |
Other resident sectors |
General government (S.13) |
Other resident sectors |
||||||||||||||||||
|
Total |
Other general government (S.1312 + S.1313 + S.1314) |
Total |
Other financial intermediaries + financial auxiliaries (S.123 + S.124) |
Insurance corporations and pension funds (S.125) |
Non-financial corporations (S.11) |
Households + non-profit institutions serving households (S.14 + S.15) |
Total |
Other general government (S.1312 + S.1313 + S.1314) |
Total |
Other financial intermediaries + financial auxiliaries (S.123 + S.124) |
Insurance corporations and pension funds (S.125) |
Non-financial corporations (S.11) |
Households + non-profit institutions serving households (S.14 + S.15) |
||||||||
|
Credit for consumption |
Lending for house purchase |
Other lending |
Credit for consumption |
Lending for house purchase |
Other lending |
||||||||||||||||
|
SP/UP (1) |
SP/UP (1) |
||||||||||||||||||||
|
1. Securitised loans, write-downs practiced at the time of the loan transfer |
|||||||||||||||||||||
|
1.1. counterparty in the transfer |
|||||||||||||||||||||
|
is an FVC |
524 |
525 |
526 |
527 |
528 |
529 |
530 |
531 |
532 |
533 |
534 |
535 |
536 |
537 |
538 |
540 |
541 |
542 |
543 |
||
|
up to 1 year |
544 |
545 |
|||||||||||||||||||
|
over 1 and up to 5 years |
546 |
547 |
|||||||||||||||||||
|
over 5 years |
548 |
549 |
|||||||||||||||||||
|
1.1.1. of which counterparty in the |
550 |
551 |
552 |
553 |
554 |
555 |
556 |
557 |
558 |
559 |
560 |
561 |
562 |
||||||||
|
transfer is a euro area FVC |
562 |
563 |
|||||||||||||||||||
|
up to 1 year |
564 |
565 |
|||||||||||||||||||
|
over 1 and up to 5 years |
566 |
567 |
|||||||||||||||||||
|
over 5 years |
|||||||||||||||||||||
|
2. Outstanding amounts of loans serviced in a securitisation |
|||||||||||||||||||||
|
2.1. Loans serviced: all FVCs |
568 |
569 |
560 |
561 |
572 |
573 |
575 |
576 |
577 |
579 |
580 |
581 |
582 |
583 |
584 |
586 |
587 |
588 |
589 |
||
|
up to 1 year |
590 |
591 |
|||||||||||||||||||
|
over 1 and up to 5 years |
592 |
593 |
|||||||||||||||||||
|
over 5 years |
594 |
595 |
|||||||||||||||||||
|
2.1.1. Loans serviced: of which euro area FVCs |
596 |
597 |
598 |
599 |
600 |
601 |
602 |
603 |
604 |
605 |
606 |
607 |
|||||||||
|
up to 1 year |
608 |
609 |
|||||||||||||||||||
|
over 1 and up to 5 years |
610 |
611 |
|||||||||||||||||||
|
over 5 years |
612 |
613 |
|||||||||||||||||||
|
(1) Sole proprietors/unincorporated partnerships. (2) Reclassification adjustments only apply in respect of cells 568 to 613; write-down adjustments apply throughout. |
|||||||||||||||||||||
PART 2
Statistics on electronic money
Other MFIs’ data (stocks)
Table 1
Monthly or quarterly statistical reporting requirements that have not been granted a derogation under Article 8(1) of Regulation (EC) No 25/2009 (ECB/2008/32)
|
BALANCE SHEET ITEMS |
A. Domestic |
B. Other participating Member States |
C. RoW |
D. Not allocated |
|
LIABILITIES |
||||
|
9 Deposits (all currencies) |
||||
|
9e Deposits — euro |
||||
|
9.1e Overnight |
||||
|
o/w Electronic money |
||||
|
9.1.1e Hardware based electronic money |
||||
|
9.1.2e Software based electronic money |
||||
|
9x Deposits — foreign currencies |
||||
|
9.1x Overnight |
||||
|
o/w Electronic money |
||||
|
9.1.1x Hardware based electronic money |
||||
|
9.1.2x Software based electronic money |
||||
|
Total electronic money |
||||
Table 2
Annual statistical reporting requirements on electronic money issued by all electronic money institutions that are not credit institutions
|
BALANCE SHEET ITEMS |
A. Domestic |
B. Other participating Member States |
C. RoW |
D. Not allocated |
|
Total assets/liabilities |
||||
|
o/w Electronic money deposits (all currencies) |
PART 3
Central government balance sheet statistics
Deposit liabilities and holdings of cash and securities
Adapted scheme using the reporting table of the monetary financial institutions (MFI) sector
TABLE 1
Central government data (stocks)
|
BALANCE SHEET ITEMS |
A. Domestic |
B. Other participating Member States |
C. Rest of the world |
D. Not allocated |
||||||||||||||||
|
MFIs |
Non-MFIs |
MFIs |
Non-MFIs |
|||||||||||||||||
|
of which credit institutions subject to RRs (3), ECB and NCBs |
General government |
Other resident sectors |
of which credit institutions subject to RRs (3), ECB and NCBs |
General government |
Other resident sectors |
|||||||||||||||
|
Central government |
Other general government |
Total |
Other financial intermediaries + financial auxiliaries (S.123+S.124) |
Insurance corporations and pension funds (S.125) |
Non-financial corporations (S.11) |
Households + non-profit institutions serving households (S.14+S.15) |
Central government |
Other general government |
Total |
Other financial intermediaries + financial auxiliaries (S.123+S.124) |
Insurance corporations and pension funds (S.125) |
Non-financial corporations (S.11) |
Households + non-profit institutions serving households (S.14+S.15) |
|||||||
|
LIABILITIES |
||||||||||||||||||||
|
9 Deposits |
||||||||||||||||||||
|
9e Euro |
||||||||||||||||||||
|
9.1e Overnight |
||||||||||||||||||||
|
9.2e With agreed maturity |
||||||||||||||||||||
|
up to 1 year |
||||||||||||||||||||
|
over 1 and up to 2 years |
||||||||||||||||||||
|
9.3e Redeemable at notice |
||||||||||||||||||||
|
up to 3 months (1) |
||||||||||||||||||||
|
9.4e Repos |
||||||||||||||||||||
|
9x Foreign currencies |
||||||||||||||||||||
|
9.1x Overnight |
||||||||||||||||||||
|
9.2x With agreed maturity |
||||||||||||||||||||
|
up to 1 year |
||||||||||||||||||||
|
over 1 and up to 2 years |
||||||||||||||||||||
|
9.3x Redeemable at notice |
||||||||||||||||||||
|
up to 3 months (1) |
||||||||||||||||||||
|
9.4x Repos |
||||||||||||||||||||
|
ASSETS |
||||||||||||||||||||
|
1 Cash |
||||||||||||||||||||
|
Euro |
||||||||||||||||||||
|
3 Securities other than shares (2) |
||||||||||||||||||||
|
up to 1 year |
||||||||||||||||||||
|
over 1 and up to 2 years |
||||||||||||||||||||
|
4 MMF shares/units |
||||||||||||||||||||
|
(1) Including non-transferable sight savings deposits. (2) Issued by euro area MFIs. (3) Reserve requirements. |
||||||||||||||||||||
TABLE 2
Central government data (flow adjustments)
|
BALANCE SHEET ITEMS |
Euro area |
||||||||||||||||||
|
MFIs |
A. Domestic |
B. Other participating Member States |
|||||||||||||||||
|
MFIs |
Non-MFIs |
MFIs |
Non-MFIs |
||||||||||||||||
|
of which credit institutions subject to RRs, ECB and NCBs |
General government |
Other resident sectors |
of which credit institutions subject to RRs, ECB and NCBs |
General government |
Other resident sectors |
||||||||||||||
|
Central government |
Other general government |
Total |
Other financial intermediaries + financial auxiliaries (S.123+S.124) |
Insurance corporations and pension funds (S.125) |
Non-financial corporations (S.11) |
Households + non-profit institutions serving households (S.14+S.15) |
Central government |
Other general government |
Total |
Other financial intermediaries + financial auxiliaries (S.123+S.124) |
Insurance corporations and pension funds (S.125) |
Non-financial corporations (S.11) |
Households + non-profit institutions serving households (S.14+S.15) |
||||||
|
LIABILITIES |
|||||||||||||||||||
|
9 Deposits |
|||||||||||||||||||
|
9e Euro |
|||||||||||||||||||
|
9.1e Overnight |
367 |
368 |
369 |
370 |
371 |
372 |
373 |
374 |
375 |
376 |
377 |
378 |
|||||||
|
9.2e With agreed maturity |
|||||||||||||||||||
|
up to 1 year |
379 |
380 |
381 |
382 |
383 |
384 |
385 |
386 |
387 |
388 |
389 |
390 |
|||||||
|
over 1 and up to 2 years |
391 |
392 |
393 |
394 |
395 |
396 |
397 |
398 |
399 |
400 |
401 |
402 |
|||||||
|
9.3e Redeemable at notice |
|||||||||||||||||||
|
up to 3 months (1) |
403 |
404 |
405 |
406 |
407 |
408 |
409 |
410 |
411 |
412 |
413 |
414 |
|||||||
|
9.4e Repos |
|||||||||||||||||||
|
9x Foreign currencies |
|||||||||||||||||||
|
9.1x Overnight |
415 |
416 |
417 |
418 |
419 |
420 |
421 |
422 |
423 |
424 |
425 |
426 |
|||||||
|
9.2x With agreed maturity |
|||||||||||||||||||
|
up to 1 year |
427 |
428 |
429 |
430 |
431 |
432 |
433 |
434 |
435 |
436 |
437 |
438 |
|||||||
|
over 1 and up to 2 years |
439 |
440 |
441 |
442 |
443 |
444 |
445 |
446 |
447 |
448 |
449 |
450 |
|||||||
|
9.3x Redeemable at notice |
|||||||||||||||||||
|
up to 3 months (1) |
451 |
452 |
453 |
454 |
455 |
456 |
457 |
458 |
459 |
460 |
461 |
462 |
|||||||
|
9.4x Repos |
|||||||||||||||||||
|
ASSETS |
|||||||||||||||||||
|
1 Cash |
|||||||||||||||||||
|
1e of which euro |
463 |
||||||||||||||||||
|
3 Securities other than shares (1) |
|||||||||||||||||||
|
up to 1 year |
464 # |
466 # |
|||||||||||||||||
|
over 1 and up to 2 years |
465 # |
467 # |
|||||||||||||||||
|
4 MMF shares/units (1) |
468 # |
469 # |
|||||||||||||||||
|
(1) Price revaluation adjustment is also provided. Reclassification adjustments must be transmitted to the ECB for all cells; revaluation adjustments only for the cells indicated with a #. |
|||||||||||||||||||
PART 4
Memorandum items
Section 1: Monthly memorandum items for the derivation and assessment of the monetary aggregates and counterparts
TABLE 1
ECB/NCBs' data (stocks)
|
Domestic |
Other participating Member States |
Rest of the world |
Not allocated |
|
|
LIABILITIES |
||||
|
8 Currency in circulation |
||||
|
Of which banknotes |
||||
|
— Euro banknotes |
M1 |
|||
|
— National denomination banknotes |
M2 |
|||
|
Of which coins |
M3 |
|||
|
— Coins denominated in euro |
M4 |
|||
|
— Coins in national denominations |
M5 |
|||
|
11 Debt securities issued |
||||
|
Up to 1 year |
M6 |
M7 |
M8 |
|
|
14 Remaining liabilities of which |
||||
|
accruals on deposits |
M9 |
|||
|
transit items |
M10 |
|||
|
suspense items |
M11 |
|||
|
financial derivatives |
M12 |
|||
|
intra-Eurosystem liabilities related to the allocation of euro banknotes |
M13 |
|||
|
ASSETS |
||||
|
7 Remaining assets of which |
||||
|
accruals on loans |
M14 |
|||
|
transit items |
M15 |
|||
|
suspense items |
M16 |
|||
|
financial derivatives |
M17 |
|||
|
intra-Eurosystem claims related to the allocation of euro banknotes |
M18 |
|||
|
Cells in bold show high priority memorandum items. |
||||
TABLE 2
Other MFIs data (stocks)
|
Domestic |
Other participating Member States |
Rest of the world |
Not allocated |
|
|
LIABILITIES |
||||
|
11 Debt securities issued |
||||
|
Up to 1 year |
M19 |
M20 |
M21 |
|
|
Euro |
M22↑ |
M23↑ |
M24↑ |
|
|
Foreign currencies |
M25↑ |
M26↑ |
M27↑ |
|
|
Over 1 and up to 2 years |
M28 |
M29 |
M30 |
|
|
Euro |
M31↑ |
M32↑ |
M33↑ |
|
|
Foreign currencies |
M34↑ |
M35↑ |
M36↑ |
|
|
13 Capital and reserves |
||||
|
Of which provisions |
M37 |
|||
|
14 Remaining liabilities of which |
||||
|
accruals on deposits |
M38 |
|||
|
transit items |
M39 |
|||
|
suspense items |
M40 |
|||
|
financial derivatives |
M41 |
|||
|
ASSETS |
||||
|
7 Remaining assets of which |
||||
|
accruals on loans |
M42 |
|||
|
transit items |
M43 |
|||
|
suspense items |
M44 |
|||
|
financial derivatives |
M45 |
|||
|
Cells in bold show high priority memorandum items. |
||||
M2 : banknotes denominated in the legacy currencies issued by NCBs before 1 January 2002 that have not yet been redeemed at the NCBs. Reported as from January 2002, at least during 2002.
M5 : coins denominated in the legacy currencies issued by national authorities (i.e. NCBs/central governments) before 1 January 2002 that have not yet been redeemed at the NCBs.
M9, M38 : interest payable on deposits recorded as it accrues (i.e. on an accruals basis) rather than when it is actually paid (i.e. on a cash basis).
M14, M42 : Interest receivable on loans recorded as it accrues (i.e. on an accruals basis) rather than when it is actually received (i.e. on a cash basis).
M13, M18 : net positions vis-à-vis the Eurosystem originated by (1) distribution of euro banknotes issued by the European Central Bank (ECB) (8 % of total issues); and (2) application of the capital share mechanism. The individual NCB's and ECB's net credit or debit position must be allocated to either the asset or liability side of the balance sheet according to the sign, i.e. a positive net position vis-à-vis the Eurosystem must be reported on the asset side, a negative net position on the liability side.
TABLE 3
Other MFIs data (flow adjustments) (1)
|
BALANCE SHEET ITEMS |
A. Domestic |
B. Other participating Member States |
C. RoW |
||||||||||||||||
|
MFIs |
Non-MFIs |
MFIs |
Non-MFIs |
||||||||||||||||
|
of which credit institutions subject to RRs, ECB and NCBs |
General government |
Other resident sectors |
of which credit institutions subject to RRs, ECB and NCBs |
General government |
Other resident sectors |
||||||||||||||
|
Central government |
Other general government |
Total |
Other financial intermediaries + financial auxiliaries (S.123 + S.124) |
Insurance corporations and pension funds (S.125) |
Non-financial corporations (S.11) |
Households + non-profit institutions serving households (S.14 + S.15) |
Central government |
Other general government |
Total |
Other financial intermediaries + financial auxiliaries (S.123 + S.124) |
Insurance corporations and pension funds (S.125) |
Non-financial corporations (S.11) |
Households + non-profit institutions serving households (S.14 + S.15) |
||||||
|
LIABILITIES |
|||||||||||||||||||
|
10 MMF shares/units |
179a |
179b |
179c |
||||||||||||||||
|
11 Debt securities |
|||||||||||||||||||
|
Up to 1 year |
470 # |
471 # |
472 |
||||||||||||||||
|
Over 1 and up to 2 years |
473 # |
474 # |
475 |
||||||||||||||||
|
11e Euro |
|||||||||||||||||||
|
Up to 1 year |
476 # |
477 # |
478 |
||||||||||||||||
|
Over 1 and up to 2 years |
479 # |
480 # |
481 |
||||||||||||||||
|
11x Foreign currencies |
|||||||||||||||||||
|
Up to 1 year |
482 # |
483 # |
484 |
||||||||||||||||
|
Over 1 and up to 2 years |
485 # |
486 # |
487 |
||||||||||||||||
|
(1) Reclassification adjustments are to be transmitted to the ECB for all cells; revaluation adjustments only for the cells indicated with a #. |
|||||||||||||||||||
TABLE 4
ECB/NCBs data (reclassification adjustments)
|
BALANCE SHEET ITEMS |
Not allocated |
|
LIABILITIES |
|
|
8 Currency in circulation |
|
|
Of which banknotes |
|
|
Euro banknotes |
488 |
|
National denomination banknotes |
489 |
|
Of which coins |
490 |
|
Euro coins |
491 |
|
National denomination coins |
492 |
Section 2: Monthly memorandum items to derive weighting information for MFI interest rate statistics
Other MFIs' data (stocks)
|
Euro-denominated loans granted by other MFIs to indicated sub-categories of ‘other residents’ |
||||
|
ASSETS |
Non-financial corp. (S.11) |
Households etc. (S.14 + S.15) |
||
|
Consumer credit |
Housing loans |
Other (residual) |
||
|
A. Domestic |
||||
|
Loans |
||||
|
Of which euro |
||||
|
Up to 1 year |
M46 |
M47 |
M48 |
M49 |
|
Over 1 and up to 5 years |
M50 |
M51 |
M52 |
M53 |
|
Over 5 years |
M54 |
M55 |
M56 |
M57 |
|
B. Other part. MS |
||||
|
Loans |
||||
|
Of which euro |
||||
|
Up to 1 year |
M58 |
M59 |
M60 |
M61 |
|
Over 1 and up to 5 years |
M62 |
M63 |
M64 |
M65 |
|
Over 5 years |
M66 |
M67 |
M68 |
M69 |
Section 3: Quarterly memorandum items to compile monetary union financial accounts
NCBs/ECB/other MFIs’ data (stocks)
|
Domestic |
Other participating Member States |
Rest of the world |
Not allocated |
|||
|
Total |
Central government |
Total |
Central government |
|||
|
LIABILITIES |
||||||
|
14. Remaining liabilities |
||||||
|
Net equity of households in pension funds reserves |
M70 |
|||||
|
Revaluation accounts |
M90 |
|||||
|
Liability to non-resident branches/offices |
M91 |
|||||
|
Liability adjustment accounts |
M92 |
|||||
|
Debit balance on income/expenditure accounts; current/previous years’ profits/losses; securities lending business; short positions in securities; depreciation |
M93 |
|||||
|
Provisions |
M94 |
|||||
|
ASSETS |
||||||
|
3. Securities other than shares |
||||||
|
Up to 1 year |
M71 |
M72 |
M73 |
|||
|
Of which: euro |
M74 |
M75 |
M76 |
|||
|
Over 1 year |
M77 |
M78 |
M79 |
|||
|
Of which: euro |
M80 |
M81 |
M82 |
|||
|
5. Shares and other equity |
||||||
|
Quoted shares |
M83 |
M84 |
M85 |
|||
|
Investment fund (not MMF) shares |
M86 |
M87 |
M88 |
|||
|
7. Remaining assets |
||||||
|
Prepayment of insurance premiums and reserves for outstanding claims |
M89 |
|||||
|
Revaluation accounts |
M95 |
|||||
|
Claims/capital injections into non-resident branches/offices |
M96 |
|||||
|
Asset adjustment accounts |
M97 |
|||||
|
Credit balance on income/expenditure accounts; current/previous years’ profits/losses; own shares; securities lending business |
M98 |
|||||
M70 : liabilities of MFIs with households in the form of technical provisions established to provide pensions for employees. This typically refers to employee pension funds that have not been externalised to an independent institution.
M83, M84, M85 : shares with prices quoted on a recognised stock exchange or other form of secondary market.
M86, M87, M88 : shares issued in the context of an organised financial arrangement that pools investor funds for the purpose of acquiring financial or non-financial assets, excluding those included in the MFI sector (also called mutual fund shares).
M89 : the part of gross premiums paid by MFIs which is to be allocated to the following accounting period plus claims by MFIs that are not yet settled.
M93, M98 : additional information should be reported to the ECB clarifying the content of these composite items, if available. These composite items include some sub-items which are not currently reported by some countries in accordance with Regulation (EC) No 2423/2001 (ECB/2001/13) (securities lending business, short positions in securities, own shares) but within remaining assets/remaining liabilities. This additional information allows the ECB to correct monetary union financial accounts data as necessary.
PART 5
Reserve base statistics
TABLE 1
Balance sheet item data required to compile statistics on the reserve base
|
BALANCE SHEET ITEMS |
World |
Not allocated |
|
Other MFIs of the participating Member States not subject to reserve requirements, non-MFIs of the participating Member States and rest of the world |
||
|
LIABILITIES |
||
|
9 Deposits (all currencies) |
||
|
9.1 Overnight |
R1 |
|
|
9.2 With agreed maturity — up to 2 years |
||
|
9.3 Redeemable at notice — up to 2 years |
||
|
9 Deposits (all currencies) |
||
|
9.2 With agreed maturity — over 2 years |
R2 |
|
|
9.3 Redeemable at notice — over 2 years |
||
|
9.4 Repurchase agreements |
R3 |
|
|
11 Debt securities issued (all currencies) |
||
|
up to 2 years |
R4 |
|
|
over 2 years (1) |
R5 |
|
|
(1) Debt securities issued with an agreed maturity of over two years also include the amounts of securities held by other credit institutions (CIs) subject to reserve requirements, by the ECB or by NCBs of the participating Member States. |
||
TABLE 2
Balance sheet item data required for control purposes
|
A. Domestic |
|
|
Not allocated |
|
|
Lump-sum allowance |
R6 |
Calculation of lump-sum allowance for control purposes (R6):
Lump-sum allowance: The allowance is applied to every credit institution. Each credit institution deducts a maximum lump sum designed to reduce the administrative cost of managing very small reserve requirements. Should [reserve base × reserve ratio] be less than EUR 100 000, then the lump sum allowance equals [reserve base × reserve ratio]. Should [reserve base × reserve ratio] be greater than or equal to EUR 100 000, then the lump sum allowance equals EUR 100 000. Institutions allowed to report statistical data regarding their consolidated reserve base as a group (as defined in Part 2, Section 1 of Annex III to Regulation (EC) No 25/2009 (ECB/2008/32)) hold minimum reserves through one of the institutions in the group which is acting as an intermediary exclusively for these institutions. In accordance with Article 11 of Regulation (EC) No 1745/2003 of the European Central Bank of 12 September 2003 on the application of minimum reserves (ECB/2003/9) ( 22 ), in the latter case only the group as a whole is entitled to deduct the lump sum allowance.
The minimum (or ‘required’) reserves are computed as follows:
The reserve ratio applies in accordance with Regulation (EC) No 1745/2003 (ECB/2003/9).
PART 6
Macro ratio statistics
Credit institutions' balance sheet item data to compile the macro ratio
|
BALANCE SHEET ITEMS |
A. Domestic |
B. Other participating Member States |
C. Rest of the world |
D. Not allocated |
||
|
MFIs |
Non-MFIs |
MFIs |
Non-MFIs |
|||
|
LIABILITIES |
||||||
|
11. Debt securities issued (all currencies) |
||||||
|
up to 2 years |
MR1 |
|||||
|
ASSETS |
||||||
|
3. Securities other than shares (all currencies) |
||||||
|
up to 2 years |
MR2 |
MR3 |
||||
PART 7
Money market funds balance sheet statistics
TABLE 1
MMFs — Stocks
Quarterly serie
|
BALANCE SHEET ITEMS |
A. Domestic |
B. Other participating Member States |
C. Rest of the world |
D. Not allocated |
|||||||||||||||||||||
|
MFIs |
Non-MFIs |
MFIs |
Non-MFIs |
||||||||||||||||||||||
|
General government |
Other residents |
General government |
Other residents |
Total |
Banks |
Non-banks |
|||||||||||||||||||
|
Central government |
Other general government |
Total |
OFIs (S.123) and financial auxiliaries (S.124) |
Insurance corp. and pension funds (S.125) |
Non-financial corp. (S.11) |
Households etc. (S.14 + S.15) |
Central government |
Other general government |
Total |
OFIs (S.123) and financial auxiliaries (S.124) |
Insurance corp. and pension funds (S.125) |
Non-financial corp. (S.11) |
Households etc. (S.14 + S.15) |
General government |
Other non-resident sectors |
||||||||||
|
LIABILITIES |
|||||||||||||||||||||||||
|
Deposits |
|||||||||||||||||||||||||
|
MMFs shares/units |
|||||||||||||||||||||||||
|
Capital & reserves |
|||||||||||||||||||||||||
|
Remaining liabilities |
|||||||||||||||||||||||||
|
ASSETS |
|||||||||||||||||||||||||
|
Loans |
|||||||||||||||||||||||||
|
Sec. other than shares |
|||||||||||||||||||||||||
|
Total currencies |
|||||||||||||||||||||||||
|
up to 1 year |
|||||||||||||||||||||||||
|
over 1 year |
|||||||||||||||||||||||||
|
Euro |
|||||||||||||||||||||||||
|
up to 1 year |
|||||||||||||||||||||||||
|
over 1 & up to 2 years |
|||||||||||||||||||||||||
|
over 2 years |
|||||||||||||||||||||||||
|
Foreign currencies |
|||||||||||||||||||||||||
|
up to 1 year |
|||||||||||||||||||||||||
|
over 1 & up to 2 years |
|||||||||||||||||||||||||
|
over 2 years |
|||||||||||||||||||||||||
|
MMF shares/units |
|||||||||||||||||||||||||
|
Shares and other equity |
|||||||||||||||||||||||||
|
Remaining assets |
|||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||
MMFs — Reclassifications
Quarterly series
|
BALANCE SHEET ITEMS |
A. Domestic |
B. Other participating Member States |
C. Rest of the world |
D. Not allocated |
|||||||||||||||||||||
|
MFIs |
Non-MFIs |
MFIs |
Non-MFIs |
||||||||||||||||||||||
|
General government |
Other residents |
General government |
Other residents |
Total |
Banks |
Non-banks |
|||||||||||||||||||
|
Central government |
Other general government |
Total |
OFIs (S.123) and financial auxiliaries (S.124) |
Insurance corp. and pension funds (S.125) |
Non-financial corp. (S.11) |
Households etc. (S.14 + S.15) |
Central government |
Other general government |
Total |
OFIs (S.123) and financial auxiliaries (S.124) |
Insurance corp. and pension funds (S.125) |
Non-financial corp. (S.11) |
Households etc. (S.14 + S.15) |
General government |
Other non-resident sectors |
||||||||||
|
LIABILITIES |
|||||||||||||||||||||||||
|
Deposits |
|||||||||||||||||||||||||
|
MMFs shares/units |
|||||||||||||||||||||||||
|
Capital & reserves |
|||||||||||||||||||||||||
|
Remaining liabilities |
|||||||||||||||||||||||||
|
ASSETS |
|||||||||||||||||||||||||
|
Loans |
|||||||||||||||||||||||||
|
Sec. other than shares |
|||||||||||||||||||||||||
|
Total currencies |
|||||||||||||||||||||||||
|
up to 1 year |
|||||||||||||||||||||||||
|
over 1 year |
|||||||||||||||||||||||||
|
Euro |
|||||||||||||||||||||||||
|
up to 1 year |
|||||||||||||||||||||||||
|
over 1 & up to 2 years |
|||||||||||||||||||||||||
|
over 2 years |
|||||||||||||||||||||||||
|
Foreign currencies |
|||||||||||||||||||||||||
|
up to 1 year |
|||||||||||||||||||||||||
|
over 1 & up to 2 years |
|||||||||||||||||||||||||
|
over 2 years |
|||||||||||||||||||||||||
|
MMF shares/units |
|||||||||||||||||||||||||
|
Shares and other equity |
|||||||||||||||||||||||||
|
Remaining assets |
|||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||
MMFs — Revaluations
Quarterly series
|
BALANCE SHEET ITEMS |
A. Domestic |
B. Other participating Member States |
C. Rest of the world |
D. Not allocated |
|||||||||||||||||||||||
|
MFIs |
Non-MFIs |
MFIs |
Non-MFIs |
||||||||||||||||||||||||
|
General government |
Other residents |
General government |
Other residents |
Total |
Banks |
Non-banks |
|||||||||||||||||||||
|
Central government |
Other general government |
Total |
OFIs (S.123) and financial auxiliaries (S.124) |
Insurance corp. and pension funds (S.125) |
Non-financial corp. (S.11) |
Households etc. (S.14 + S.15) |
Central government |
Other general government |
Total |
OFIs (S.123) and financial auxiliaries (S.124) |
Insurance corp. and pension funds (S.125) |
Non-financial corp. (S.11) |
Households etc. (S.14 + S.15) |
General gov't |
Other non-resident sectors |
||||||||||||
|
LIABILITIES |
|||||||||||||||||||||||||||
|
Deposits |
|||||||||||||||||||||||||||
|
MMFs shares/units |
|||||||||||||||||||||||||||
|
Capital & reserves |
|||||||||||||||||||||||||||
|
Remaining liabilities |
|||||||||||||||||||||||||||
|
ASSETS |
|||||||||||||||||||||||||||
|
Loans |
|||||||||||||||||||||||||||
|
Sec. other than shares |
|||||||||||||||||||||||||||
|
Total currencies |
|||||||||||||||||||||||||||
|
up to 1 year |
|||||||||||||||||||||||||||
|
over 1 year |
|||||||||||||||||||||||||||
|
Euro |
|||||||||||||||||||||||||||
|
up to 1 year |
|||||||||||||||||||||||||||
|
over 1 & up to 2 years |
|||||||||||||||||||||||||||
|
over 2 years |
|||||||||||||||||||||||||||
|
Foreign currencies |
|||||||||||||||||||||||||||
|
up to 1 year |
|||||||||||||||||||||||||||
|
over 1 & up to 2 years |
|||||||||||||||||||||||||||
|
over 2 years |
|||||||||||||||||||||||||||
|
MMF shares/units |
|||||||||||||||||||||||||||
|
Shares and other equity |
|||||||||||||||||||||||||||
|
Remaining assets |
|||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||
TABLE 2
MMFs — Stocks
Quarterly series
|
BALANCE SHEET ITEMS |
All currencies |
Euro |
Other currencies |
||||||
|
GBP |
USD |
JPY |
CHF |
||||||
|
LIABILITIES |
|||||||||
|
Deposits |
|||||||||
|
Rest of the world (excluding EU) |
|||||||||
|
from banks |
|||||||||
|
ASSETS |
|||||||||
|
Loans |
|||||||||
|
Rest of the world |
|||||||||
|
Securities other than shares |
|||||||||
|
Domestic |
|||||||||
|
issued by MFIs |
|||||||||
|
issued by non-MFIs |
|||||||||
|
Other participating Member States |
|||||||||
|
issued by MFIs |
|||||||||
|
issued by non-MFIs |
|||||||||
|
Rest of the world |
|||||||||
|
|
|||||||||
PART 8
Structural financial indicators
1. Number of branches of CIs as at the end of the reference period. This indicator must only include branches that belong to CIs. The offices of institutional units that are not themselves CIs must be excluded, even if they belong to the same group as a CI.
2. Number of employees of CIs. This indicator refers to the average number of CI employees during the reference year. Employees of financial institutions that are not themselves CIs should be excluded, even if these institutions belong to the same group.
3. Share of the five largest CIs in total assets (CR5). This indicator refers to the concentration of the banking business. NCBs must adopt the following unconsolidated aggregated approach to derive it: (1) rank the balance sheet totals of all reporting CIs; and (2) calculate (i) the sum of the five largest balance sheet totals; and (ii) the sum of all balance sheet totals; and (3) calculate the proportion of (i) over (ii). Data to be reported to the ECB must be expressed as percentages e.g. a value of 72,4296 % must be reported as 72,4296 and not as 0,7243. Although the composition of the five largest banks may change over time, NCBs must only provide the share of the five largest CIs at a specific point in time (end-December of the reference year).
4. Herfindahl index (HI) for CIs' total assets. Similar to the previous indicator, this refers to the concentration of banking business. NCBs must follow to the extent possible an aggregated approach. In this case, the calculation of the HI must include the aggregated balance sheet of each CI included in the group, perhaps using the accounting information contained in these institutions' annual financial statements. Where not all CIs are in the tail report data, data must be grossed up.
The HI is obtained by summing the squares of the market shares of all the CIs in the banking sector and must be reported to the ECB according to the following formula:
|
n |
= |
total number of CIs in the country |
|
Xi |
= |
total assets of CIi |
|
X |
= |
|
5. Total investments of insurance companies ( 23 ). The information refers to these companies' total financial assets, which is obtained by deducting the non-financial assets such as fixed assets from the aggregated balance sheet total. If necessary, figures should be grossed up to ensure 100 % coverage. If separate information on insurance companies is not available, this indicator may be combined with indicator ‘Total assets under management by pension funds’ to form one single indicator. NCBs must flag the series if ‘combined’ recording is adopted.
6. Total assets under management by pension funds ( 24 ). This information refers to the aggregated balance sheet totals of autonomous pension funds. If separate information on pension funds is not available, this indicator may be combined with indicator ‘Total investments of insurance companies’ to form one single indicator. In this case, a nil return must be provided in respect of indicator ‘Total assets under management by pension funds’.
7. Number of branches of CIs from other EU countries. This indicator refers to the number of branches in the reporting country which belong to CIs resident in other EU countries. If a CI has more than one branch in a particular country, it is counted as one. NCBs must ensure that data as from the end of 1999 are consistent with data reported in the framework of the MFI list.
8. Total assets of branches of CIs from other EU countries. This indicator refers to the aggregated balance sheet total of the branches covered by the indicator ‘Number of branches of CIs from other EU countries’.
9. Number of subsidiaries of CIs from other EU countries. This indicator refers to the number of subsidiaries in the reporting country which are controlled by a CI resident in other EU countries. Only subsidiaries that are themselves CIs may be counted.
10. Total assets of subsidiaries of CIs from other EU countries. This indicator refers to the aggregated balance sheet total of the subsidiaries covered by the indicator ‘Number of subsidiaries of CIs from other EU countries’.
11. Number of branches of CIs from extra EU countries. This indicator refers to the number of branches resident in the reporting country, which belong to CIs resident in countries that are not Member States. If a bank has more than one branch in a particular country, it is counted as one. NCBs must ensure that data are consistent with data reported in the framework of the MFI list.
12. Total assets of branches of CIs from extra EU countries. This indicator refers to the aggregated balance sheet total of the branches covered by indicator ‘Number of branches of CIs from extra EU countries’.
13. Number of subsidiaries of CIs from extra EU countries. This indicator refers to the number of subsidiaries resident in the reporting country, controlled by CIs resident in countries that are not Member States.
14. Total assets of subsidiaries of CIs from extra EU countries. This indicator refers to the aggregated balance sheet total of the subsidiaries covered by indicator ‘Number of subsidiaries of CIs from extra EU countries’
15. Number of branches of CIs from other participating Member States. This indicator refers to the number of branches resident in the reporting country, belonging to CIs resident in other participating Member States. If a bank has more than one branch in a particular country, it is counted as one. NCBs must ensure that data are consistent with data reported in the framework of the MFI list.
16. Total assets of branches of CIs from other participating Member States. This indicator refers to the aggregated balance sheet total of the branches covered by indicator ‘Number of branches of CIs from other participating Member States’.
17. Number of subsidiaries of CIs from other participating Member States. This indicator refers to the number of subsidiaries resident in the reporting country which are controlled by CIs resident in other participating Member States
18. Total assets of subsidiaries of CIs from other participating Member States. This indicator refers to the aggregated balance sheet total of the subsidiaries covered by indicator ‘Number of subsidiaries of CIs from other participating Member States’.
TABLE 1
Structural financial indicators (stocks)
|
Structural Indicators |
1. Domestic area |
2. Other EU countries |
3. Extra EU countries |
4. Other participating Member States |
|||
|
Credit institutions |
Insurance corporations and pension funds |
Credit institutions |
Credit institutions |
Credit institutions |
|||
|
Total |
Insurance corporations |
Pension funds |
|||||
|
Number of employees of CIs |
S1 |
||||||
|
Number of branches of CIs |
S2 |
S3 |
S4 |
S5 |
|||
|
Number of subsidiaries of CIs |
S6 |
S7 |
S8 |
||||
|
Herfindahl index for CIs total assets |
S9 |
||||||
|
Share of the 5 largest CIs in total assets (CR5) |
S10 |
||||||
|
Total assets |
S11 |
S12 |
S13 |
||||
|
Total assets of branches |
S14 |
S15 |
S16 |
||||
|
Total assets of subsidiaries |
S17 |
S18 |
S19 |
||||
TABLE 2
Structural financial indicators (flow adjustments)
|
Structural Indicators |
1. Domestic area |
2. Other EU countries |
3. Extra EU countries |
4. Other participating Member States |
|||
|
Credit institutions |
Insurance corporations and pension funds |
Credit institutions |
Credit institutions |
Credit institutions |
|||
|
Total |
Insurance corporations |
Pension funds |
|||||
|
Reclassifications and other adjustments |
|||||||
|
Total assets |
S20 |
S21 |
S22 |
||||
|
Total assets of branches |
S23 |
S24 |
S25 |
||||
|
Total assets of subsidiaries |
S26 |
S27 |
S28 |
||||
|
Other revaluation adjustments |
|||||||
|
Total assets |
S29 |
S30 |
S31 |
||||
|
Total assets of branches |
S32 |
S33 |
S34 |
||||
|
Total assets of subsidiaries |
S35 |
S36 |
S37 |
||||
PART 9
Data for International Monetary Fund purposes
TABLE 1
NCB data (stocks)
|
Domestic (1) |
Other participating Member States |
Rest of the world |
Not allocated |
|
|
LIABILITIES |
||||
|
9 Deposits |
||||
|
Of which deposits with NCBs |
S1 |
|||
|
Of which deposits with ECB |
S2 (Form 10S — DE only) |
S3 (Form 10S) |
||
|
ASSETS |
||||
|
2 Loans |
||||
|
Of which loans to NCBs |
S4 |
|||
|
Of which loans to ECB |
S5 (Form 10S — DE only) |
S6 (Form 10S) |
||
|
Of which international reserve-related deposits in ECB (2) |
S7 (Form 10S — DE only) |
S8 (Form 10S) |
||
|
3 Securities other than shares |
||||
|
Of which issued by NCBs |
S9 |
|||
|
Of which issued by ECB |
S10 (Form 10S — DE only) |
S11 (Form 10S) |
||
|
5 Shares and other equity |
||||
|
Of which issued by ECB |
S12 (Form 10S — DE only) |
S13 (Form10S) |
||
|
(1) Domestic positions vis-à-vis the ECB apply for Germany only, as indicated. (2) This item includes the NCBs' euro-denominated claims equivalent to the transfer of foreign currency reserves from the NCBs to the ECB. |
||||
TABLE 2
Other MFIs data (stocks)
|
Domestic (2) |
Other participating Member States |
Rest of the world |
Not allocated |
|
|
LIABILITIES |
||||
|
9 Deposits |
||||
|
Of which deposits with ECB (1) |
S14 (Form 20S — DE only) |
S15 (Form 20S) |
||
|
Of which deposits with NCBs |
S16 (Form 20S) |
S17 (1) |
||
|
ASSETS |
||||
|
2 Loans |
||||
|
Of which loans to ECB (1) |
S18 (Form 20S — DE only) |
S19 (Form 20S) |
||
|
Of which loans to NCBs |
S20 (Form 20S) |
S21 (1) |
||
|
3 Securities other than shares |
||||
|
Of which issued by ECB (1) |
S22 (Form 20S — DE only) |
S23 (Form 20S) |
||
|
Of which issued by NCBs |
S24 (Form 20S) |
S25 (1) |
||
|
5 Shares and other equity |
||||
|
Of which issued by NCBs |
S26 (Form 20S) |
S27 (1) |
||
|
(1) Optional series. (2) Domestic positions vis-à-vis the ECB apply for Germany only, as indicated. |
||||
▼M2 —————
PART 11
Other financial intermediaries’ statistics (except investment funds and financial vehicle corporations)
Section 1: Reporting tables
Data to be reported for SDDs (security and derivative dealers), FCLs (financial corporations engaged in lending) and remaining OFIs (other financial intermediaries) are set out in the table below.
Data on SDDs, FCLs and remaining OFIs. Key indicators/memorandum items
|
Item name and maturity/geographical/sectoral breakdown |
SDDs |
FCLs |
Remaining OFIs |
|
ASSETS |
|||
|
Deposits/world/total |
Key |
||
|
Loans/world/total |
Key |
||
|
Loans/world/MFIs |
Key |
||
|
Loans/world/non-MFIs/total |
Key |
||
|
Loans/world/non-MFIs/non-financial corporations |
Key |
||
|
Loans/world/non-MFIs/households/total |
Key |
||
|
Loans/world/non-MFIs/households/consumer credit |
Key |
||
|
Loans/world/non-MFIs/households/lending for house purchase |
Key |
||
|
Loans/world/non-MFIs/households/other purposes (residual) |
Key |
||
|
Loans/domestic/total |
Key |
||
|
Loans/domestic/MFIs |
Key |
||
|
Loans/domestic/non-MFIs/total |
Key |
||
|
Loans/domestic/non-MFIs/non-financial corporations |
Key |
||
|
Loans/domestic/non-MFIs/households/total |
Key |
||
|
Loans/domestic/non-MFIs/households/consumer credit |
Key |
||
|
Loans/domestic/non-MFIs/households/lending for house purchase |
Key |
||
|
Loans/domestic/non-MFIs/households/other purposes (residual) |
Key |
||
|
Loans/other participating Member States/total |
Key |
||
|
Loans/other participating Member States/MFIs |
Key |
||
|
Loans/other participating Member States/non-MFIs/total |
Key |
||
|
Loans/other participating Member States/non-MFIs/non-financial corporations |
Key |
||
|
Loans/other participating Member States/non-MFIs/households/total |
Key |
||
|
Loans/other participating Member States/non-MFIs/households/consumer credit |
Key |
||
|
Loans/other participating Member States/non-MFIs/households/lending for house purchase |
Key |
||
|
Loans/other participating Member States/non-MFIs/households/other purposes (residual) |
Key |
||
|
Securities other than shares/world/total |
Key |
Key |
|
|
Shares and other equity excluding investment fund shares/world/total |
Key |
Key |
|
|
Investment fund shares/world/total |
Key |
||
|
Financial derivatives/world/total |
Key |
||
|
Other assets including ‘loans’/world/total |
Key |
||
|
Other assets including ‘deposits’, ‘cash’, ‘investment fund shares’, ‘fixed assets’ and ‘financial derivatives’/world/total |
Key |
||
|
Total assets/liabilities/world/total |
Key |
Key |
Memo |
|
LIABILITIES |
|||
|
Deposits and loans taken/world/total |
Key |
Key |
|
|
Debt securities issued/world/total |
Key |
Key |
|
|
Capital and reserves/world/total |
Key |
Key |
|
|
Financial derivatives/world/total |
Key |
||
|
Other liabilities/world/total |
Key |
||
|
Other liabilities including ‘financial derivatives’/world/total |
Key |
||
Section 2: Instrument categories and valuation rules
In line with the European System of National and Regional Accounts in the Community (ESA 95), in principle assets and liabilities must be valued using current market prices on the date to which the balance sheet relates. Deposits and loans must be reported at face value, excluding accrued interests.
Assets
Total assets/liabilities: total assets must equal the sum of all items separately identified on the assets side of the balance sheet and should also equal total liabilities.
1. Deposits: this item ( 25 ) consists of two main sub-categories: transferable deposits and other deposits. Holdings of currency must also be included under this item.
In the case of FCLs, this item should be allocated under ‘Other assets’.
2. Loans: this item consists of:
— loans granted to households in the form of consumer credit i.e. loans granted for the purpose of personal use in the consumption of goods and services; lending for house purchases i.e. credit extended for the purpose of investing in housing, including building and home improvements; and other i.e. loans granted for purposes such as business, debt consolidation, education, etc.,
— financial leases granted to third parties,
— bad debt loans that have not yet been repaid or written off,
— holdings of non-negotiable securities,
— subordinated debt in the form of loans.
For the sub-category SDDs, loans must be allocated under ‘Other assets’.
Valuation rules: loans made by OFIs must be recorded gross of all related provisions, both general and specific, until the loans are written off by the reporting institution, at which point the loans must be removed from the balance sheet.
In accordance with the general principle of accruals accounting, interest earned on loans must be subject to on-balance-sheet recording as it accrues i.e. on an accruals basis, rather than when it is actually received or paid i.e. on a cash basis. Accrued interest on loans must be classified on a gross basis under the category ‘Other assets’.
3. Securities other than shares: this item includes holdings of securities which give the holder the unconditional right to a fixed or contractually determined income in the form of coupon payments and/or a stated fixed sum at a specific date or dates or starting from a date defined at the time of issue. It also includes negotiable loans that have been restructured into a large number of identical documents and that are traded on organised markets.
Valuation rules: in line with the ESA 95, securities other than shares must be reported at market value.
4. Shares and other equity excluding investment fund shares: this category comprises three main sub-categories:
— quoted shares, excluding investment fund shares: shares with prices quoted on a recognised stock exchange or other form of secondary market (ESA 95, paragraphs 5.88-5.93),
— unquoted shares, excluding investment fund shares: shares that are not quoted (ESA 95, paragraphs 5.88-5.93),
— other equity: all transactions in other equity that are not covered by quoted and unquoted shares (ESA 95, paragraphs 5.94-5.95).
Valuation rules: in line with the ESA 95, shares and other equities must be reported at market value.
5. Investment fund shares/units: investment fund shares/units must be considered exclusively MFI liabilities, i.e. only MMFs and investment funds classified as OFIs.
For the sub-category FCLs, investment fund shares/units must be allocated under ‘Other assets’.
Valuation rules: in line with the ESA 95, investment fund shares/units must be reported at market value.
6. Financial derivatives: under this item, the following financial derivatives must be reported:
(i) options, tradable and OTC;
(ii) warrants;
(iii) futures, but only if they have a market value because they are tradable or can be offset;
(iv) swaps, but only if they have a market value because they are tradable or can be offset.
In the case of FCLs, this item should be allocated under ‘Other assets’.
Derivatives must be recorded on the balance sheet on a gross basis. Individual derivative contracts with gross positive market values must be recorded on the asset side of the balance sheet and contracts with gross negative market values on the liability side. Gross future commitments arising from derivative contracts must not be entered as on-balance-sheet items. Financial derivatives may be recorded on a net basis according to different valuation methods. Where only net positions are available, or positions are recorded other than at market value, these positions must be reported as default.
7. Other assets: all amounts that cannot be allocated in one of the main balance sheet items (BSI) must be allocated in ‘Other assets’. This item comprises assets such as accrued interest receivable on loans and accrued rent on buildings, dividends to be received, amounts receivable not related to the main OFI business, gross amounts receivable in respect of suspense items, gross amounts receivable in respect of transit items, other assets not separately identified, e.g. fixed assets, loans and deposits depending on the sub-category of OFI.
Liabilities
Total assets/liabilities: total liabilities must equal the sum of all items separately identified on the liability side of the balance sheet and also equal total assets (see also asset item ‘Total assets/liabilities’).
1. Deposits and loans taken: this item consists of:
— deposits: transferable deposits and other deposits (see assets) placed with OFIs. These deposits are generally placed by MFIs,
— loans: loans granted to the reporting OFIs which are not evidenced by documents or are represented by a single document even if it has become negotiable.
2. Debt securities issued: in some countries, OFIs may issue negotiable instruments with characteristics that are similar to those of debt securities issued by MFIs. In this reporting scheme, all such instruments must be classified as debt securities.
3. Capital and reserves: this item comprises the amounts arising from the issue of equity capital by reporting OFIs to shareholders or other proprietors, representing for the holder property rights in the OFI and generally an entitlement to a share in its profits and a share in its own funds in the event of liquidation. Funds arising from undistributed benefits or funds set aside by reporting OFIs in anticipation of likely future payments and obligations are also included. Capital and reserves comprise the following elements:
— equity capital,
— undistributed benefits or funds,
— specific provisions against loans, securities and other types of assets,
— operating profit/loss.
4. Financial derivatives: see asset item ‘Financial derivatives’.
5. Other liabilities: all amounts that cannot be allocated in one of these main items of the liability side must be allocated in ‘Other liabilities’. This item comprises liabilities such as gross amounts payable in respect of suspense items, gross amounts payable in respect of transit items, accrued interest payable on deposits, dividends to be paid, amounts payable not related to the main OFI business, provisions representing liabilities against third parties, margin payments made under derivative contracts representing cash collateral placed to protect against credit risk but remaining in the ownership of the depositor and being repayable to the depositor when the contract is closed out, net positions arising from securities lending without cash collateral, net amounts payable in respect of future settlements of transactions in securities, other liabilities not separately identified, e.g. debt securities, financial derivatives depending on the sub-category of OFI.
Section 3: National explanatory notes
1. Data sources/data collection system: this must include:
— data sources used to compile OFI statistics, except insurance corporations and pension funds, e.g. statistical offices, direct reporting from OFIs and/or fund managers,
— details on the collection systems, e.g. voluntary reports, business surveys, sampling, reporting subject to the existence of thresholds and grossing up.
2. Compilation procedures: the method used to compile data must be described, e.g. detailed description of esti mates/assumptions made and how series are aggregated if two series have different frequencies.
3. Legal framework: comprehensive information on the institutions’ national legal framework must be provided. Links with Community legislation must be specifically outlined. If several types of institutions are included under the same category, information must be provided for all types of institutions.
4. Deviations from the ECB’s reporting instructions: NCBs must provide information on deviations from the reporting instructions.
Deviations from the reporting instructions may occur with respect to:
— instrument breakdown: the instrument coverage may differ from the ECB’s reporting instructions, e.g. two different instruments cannot be separately identified,
— geographical breakdown,
— sectoral breakdown,
— valuation methods.
5. Reporting population: The NCBs may classify in a specific OFI sub-category all institutions complying with the OFI definition. They must describe all institutions included in or excluded from each OFI sub-category. Where possible, NCBs must provide estimates of data coverage in terms of total assets of the reporting population.
6. Breaks in historical series: breaks and major changes over time in the collection, reporting coverage, reporting schemes and compilation of the historical series must be described. In the case of breaks, the extent to which old and new data may be considered comparable must be indicated.
7. Other comments: any other relevant comments or indications.
PART 12
Securities issues statistics
Section 1: Introduction
Securities issues statistics for the euro area provide two main aggregates:
— all issues by euro area residents in any currency, and
— all issues made worldwide in euro, both domestic and international.
A principal distinction must be drawn on the basis of the residency of the issuer whereby the Eurosystem NCBs collectively cover all issues by the residents of the euro area. The Bank for International Settlements (BIS) reports issues by the ‘rest of the world’ (RoW), referring to all non-euro area residents (including international organisations).
The chart below summarises the reporting requirements.
|
Securities issues |
|||
|
By euro area residents (each NCB reporting on its domestic residents) |
By RoW residents (BIS/NCB) |
||
|
Non-participating Member States |
Other countries |
||
|
In euro/national denominations |
Block A |
Block B |
|
|
In other currencies (1) |
Block C |
Block D not required |
|
|
(1) ‘Other currencies’ refers to all other currencies, including the national currencies of non-participating Member States. |
|||
Section 2: Reporting requirements
TABLE 1
Block A reporting form for NCBs (1)
|
DOMESTIC RESIDENT ISSUERS//EURO/NATIONAL DENOMINATIONS |
||||
|
Outstanding amounts |
Gross issues |
Redemptions |
Net issues |
|
|
A1 |
A2 |
A3 |
A4 |
|
|
1. SHORT-TERM DEBT SECURITIES |
||||
|
Total |
S1 |
S51 |
S101 |
S151 |
|
ECB/NCB |
S2 |
S52 |
S102 |
S152 |
|
MFIs other than central banks |
S3 |
S53 |
S103 |
S153 |
|
OFIs |
S4 |
S54 |
S104 |
S154 |
|
Insurance corp. and pension funds |
S5 |
S55 |
S105 |
S155 |
|
Non-financial corporations |
S6 |
S56 |
S106 |
S156 |
|
Central government |
S7 |
S57 |
S107 |
S157 |
|
State and local government |
S8 |
S58 |
S108 |
S158 |
|
Social security funds |
S9 |
S59 |
S109 |
S159 |
|
2. LONG-TERM DEBT SECURITIES |
||||
|
Total |
S10 |
S60 |
S110 |
S160 |
|
ECB/NCB |
S11 |
S61 |
S111 |
S161 |
|
MFIs other than central banks |
S12 |
S62 |
S112 |
S162 |
|
OFIs |
S13 |
S63 |
S113 |
S163 |
|
Insurance corp. and pension funds |
S14 |
S64 |
S114 |
S164 |
|
Non-financial corporations |
S15 |
S65 |
S115 |
S165 |
|
Central government |
S16 |
S66 |
S116 |
S166 |
|
State and local government |
S17 |
S67 |
S117 |
S167 |
|
Social security funds |
S18 |
S68 |
S118 |
S168 |
|
2.1 of which fixed rate issues: |
||||
|
Total |
S19 |
S69 |
S119 |
S169 |
|
ECB/NCB |
S20 |
S70 |
S120 |
S170 |
|
MFIs other than central banks |
S21 |
S71 |
S121 |
S171 |
|
OFIs |
S22 |
S72 |
S122 |
S172 |
|
Insurance corp. and pension funds |
S23 |
S73 |
S123 |
S173 |
|
Non-financial corporations |
S24 |
S74 |
S124 |
S174 |
|
Central government |
S25 |
S75 |
S125 |
S175 |
|
State and local government |
S26 |
S76 |
S126 |
S176 |
|
Social security funds |
S27 |
S77 |
S127 |
S177 |
|
2.2 of which floating rate issues: |
||||
|
Total |
S28 |
S78 |
S128 |
S178 |
|
ECB/NCB |
S29 |
S79 |
S129 |
S179 |
|
MFIs other than central banks |
S30 |
S80 |
S130 |
S180 |
|
OFIs |
S31 |
S81 |
S131 |
S181 |
|
Insurance corp. and pension funds |
S32 |
S82 |
S132 |
S182 |
|
Non-financial corporations |
S33 |
S83 |
S133 |
S183 |
|
Central government |
S34 |
S84 |
S134 |
S184 |
|
State and local government |
S35 |
S85 |
S135 |
S185 |
|
Social security funds |
S36 |
S86 |
S136 |
S186 |
|
2.3 of which zero coupon bonds: |
||||
|
Total |
S37 |
S87 |
S137 |
S187 |
|
ECB/NCB |
S38 |
S88 |
S138 |
S188 |
|
MFIs other than central banks |
S39 |
S89 |
S139 |
S189 |
|
OFIs |
S40 |
S90 |
S140 |
S190 |
|
Insurance corp. and pension funds |
S41 |
S91 |
S141 |
S191 |
|
Non-financial corporations |
S42 |
S92 |
S142 |
S192 |
|
Central government |
S43 |
S93 |
S143 |
S193 |
|
State and local government |
S44 |
S94 |
S144 |
S194 |
|
Social security funds |
S45 |
S95 |
S145 |
S195 |
|
3. QUOTED SHARES (2) |
||||
|
Total |
S46 |
S96 |
S146 |
S196 |
|
MFIs other than central banks |
S47 |
S97 |
S147 |
S197 |
|
OFIs |
S48 |
S98 |
S148 |
S198 |
|
Insurance corp. and pension funds |
S49 |
S99 |
S149 |
S199 |
|
Non-financial corporations |
S50 |
S100 |
S150 |
S200 |
|
(1) Debt securities other than shares refer to ‘securities other than shares, excluding financial derivatives’. (2) Quoted shares refer to ‘quoted shares excluding investment fund and money market fund shares/units’. |
||||
TABLE 2
Block C reporting form for NCBs
|
DOMESTIC RESIDENT ISSUERS//OTHER CURRENCIES |
||||
|
Outstanding amounts |
Gross issues |
Redemptions |
Net issues |
|
|
C1 |
C2 |
C3 |
C4 |
|
|
4. SHORT-TERM DEBT SECURITIES |
||||
|
Total |
S201 |
S241 |
S281 |
S321 |
|
MFIs other than central banks |
S202 |
S242 |
S282 |
S322 |
|
OFIs |
S203 |
S243 |
S283 |
S323 |
|
Insurance corp. and pension funds |
S204 |
S244 |
S284 |
S324 |
|
Non-financial corporations |
S205 |
S245 |
S285 |
S325 |
|
Central government |
S206 |
S246 |
S286 |
S326 |
|
State and local government |
S207 |
S247 |
S287 |
S327 |
|
Social security funds |
S208 |
S248 |
S288 |
S328 |
|
5. LONG-TERM DEBT SECURITIES |
||||
|
Total |
S209 |
S249 |
S289 |
S329 |
|
MFIs other than central banks |
S210 |
S250 |
S290 |
S330 |
|
OFIs |
S211 |
S251 |
S291 |
S331 |
|
Insurance corp. and pension funds |
S212 |
S252 |
S292 |
S332 |
|
Non-financial corporations |
S213 |
S253 |
S293 |
S333 |
|
Central government |
S214 |
S254 |
S294 |
S334 |
|
State and local government |
S215 |
S255 |
S295 |
S335 |
|
Social security funds |
S216 |
S256 |
S296 |
S336 |
|
5.1 of which fixed rate issues: |
||||
|
Total |
S217 |
S257 |
S297 |
S337 |
|
MFIs other than central banks |
S218 |
S258 |
S298 |
S338 |
|
OFIs |
S219 |
S259 |
S299 |
S339 |
|
Insurance corp. and pension funds |
S220 |
S260 |
S300 |
S340 |
|
Non-financial corporations |
S221 |
S261 |
S301 |
S341 |
|
Central government |
S222 |
S262 |
S302 |
S342 |
|
State and local government |
S223 |
S263 |
S303 |
S343 |
|
Social security funds |
S224 |
S264 |
S304 |
S344 |
|
5.2 of which floating rate issues: |
||||
|
Total |
S225 |
S265 |
S305 |
S345 |
|
MFIs other than central banks |
S226 |
S266 |
S306 |
S346 |
|
OFIs |
S227 |
S267 |
S307 |
S347 |
|
Insurance corp. and pension funds |
S228 |
S268 |
S308 |
S348 |
|
Non-financial corporations |
S229 |
S269 |
S309 |
S349 |
|
Central government |
S230 |
S270 |
S310 |
S350 |
|
State and local government |
S231 |
S271 |
S311 |
S351 |
|
Social security funds |
S232 |
S272 |
S312 |
S352 |
|
5.3 of which zero coupon bonds: |
||||
|
Total |
S233 |
S273 |
S313 |
S353 |
|
MFIs other than central banks |
S234 |
S274 |
S314 |
S354 |
|
OFIs |
S235 |
S275 |
S315 |
S355 |
|
Insurance corp. and pension funds |
S236 |
S276 |
S316 |
S356 |
|
Non-financial corporations |
S237 |
S277 |
S317 |
S357 |
|
Central government |
S238 |
S278 |
S318 |
S358 |
|
State and local government |
S239 |
S279 |
S319 |
S359 |
|
Social security funds |
S240 |
S280 |
S320 |
S360 |
TABLE 3
Block B Reporting form for the BIS
|
ROW RESIDENT ISSUERS//EURO/NATIONAL DENOMINATIONS |
|||
|
Outstanding amounts |
Gross issues |
Redemptions |
|
|
B1 |
B2 |
B3 |
|
|
6. SHORT-TERM DEBT SECURITIES |
|||
|
Total |
S361 |
S411 |
S461 |
|
NCB |
S362 |
S412 |
S462 |
|
MFIs other than central banks |
S363 |
S413 |
S463 |
|
OFIs |
S364 |
S414 |
S464 |
|
Insurance corp. and pension funds |
S365 |
S415 |
S465 |
|
Non-financial corporations |
S366 |
S416 |
S466 |
|
Central government |
S367 |
S417 |
S467 |
|
State and local government |
S368 |
S418 |
S468 |
|
Social security funds |
S369 |
S419 |
S469 |
|
International organisations |
S370 |
S420 |
S470 |
|
7. LONG-TERM DEBT SECURITIES |
|||
|
Total |
S371 |
S421 |
S471 |
|
NCB |
S372 |
S422 |
S472 |
|
MFIs other than central banks |
S373 |
S423 |
S473 |
|
OFIs |
S374 |
S424 |
S474 |
|
Insurance corp. and pension funds |
S375 |
S425 |
S475 |
|
Non-financial corporations |
S376 |
S426 |
S476 |
|
Central government |
S377 |
S427 |
S477 |
|
State and local government |
S378 |
S428 |
S478 |
|
Social security funds |
S379 |
S429 |
S479 |
|
International organisations |
S380 |
S430 |
S480 |
|
7.1 of which fixed rate issues: |
|||
|
Total |
S381 |
S431 |
S481 |
|
NCB |
S382 |
S432 |
S482 |
|
MFIs other than central banks |
S383 |
S433 |
S483 |
|
OFIs |
S384 |
S434 |
S484 |
|
Insurance corp. and pension funds |
S385 |
S435 |
S485 |
|
Non-financial corporations |
S386 |
S436 |
S486 |
|
Central government |
S387 |
S437 |
S487 |
|
State and local government |
S388 |
S438 |
S488 |
|
Social security funds |
S389 |
S439 |
S489 |
|
International organisations |
S390 |
S440 |
S490 |
|
7.2 of which floating rate issues: |
|||
|
Total |
S391 |
S441 |
S491 |
|
NCB |
S392 |
S442 |
S492 |
|
MFIs other than central banks |
S393 |
S443 |
S493 |
|
OFIs |
S394 |
S444 |
S494 |
|
Insurance corp. and pension funds |
S395 |
S445 |
S495 |
|
Non-financial corporations |
S396 |
S446 |
S496 |
|
Central government |
S397 |
S447 |
S497 |
|
State and local government |
S398 |
S448 |
S498 |
|
Social security funds |
S399 |
S449 |
S499 |
|
International organisations |
S400 |
S450 |
S500 |
|
7.3 of which zero coupon bonds: |
|||
|
Total |
S401 |
S451 |
S501 |
|
NCB |
S402 |
S452 |
S502 |
|
MFIs other than central banks |
S403 |
S453 |
S503 |
|
OFIs |
S404 |
S454 |
S504 |
|
Insurance corp. and pension funds |
S405 |
S455 |
S505 |
|
Non-financial corporations |
S406 |
S456 |
S506 |
|
Central government |
S407 |
S457 |
S507 |
|
State and local government |
S408 |
S458 |
S508 |
|
Social security funds |
S409 |
S459 |
S509 |
|
International organisations |
S410 |
S460 |
S510 |
TABLE 4
Block A memorandum items reporting form for NCBs
|
DOMESTIC RESIDENT ISSUERS//EURO/NATIONAL DENOMINATIONS |
||||
|
Outstanding amounts |
Gross issues |
Redemptions |
Net issues |
|
|
A1 |
A2 |
A3 |
A4 |
|
|
8. UNQUOTED SHARES |
||||
|
Total |
S511 |
S521 |
S531 |
S541 |
|
MFIs other than central banks |
S512 |
S522 |
S532 |
S542 |
|
OFIs |
S513 |
S523 |
S533 |
S543 |
|
Insurance corp. and pension funds |
S514 |
S524 |
S534 |
S544 |
|
Non-financial corporations |
S515 |
S525 |
S535 |
S545 |
|
9. OTHER EQUITY |
||||
|
Total |
S516 |
S526 |
S536 |
S546 |
|
MFIs other than central banks |
S517 |
S526 |
S536 |
S546 |
|
OFIs |
S518 |
S526 |
S536 |
S546 |
|
Insurance corp. and pension funds |
S519 |
S526 |
S536 |
S546 |
|
Non-financial corporations |
S520 |
S526 |
S536 |
S546 |
1. Residency of the issuer
Issues by subsidiaries owned by the reporting country's non-residents operating in the reporting country's economic territory must be classified as issues by the reporting country's resident units.
Issues by head offices located in the reporting country's economic territory which operate internationally must also be considered as issues by resident units. Issues by head offices or subsidiaries located outside the reporting country's economic territory but owned by residents of the reporting country must be considered as issues by non-residents. For example, issues by Volkswagen Brazil are considered to have been carried out by units resident in Brazil and not in the reporting country's territory.
To avoid double counting or gaps, the reporting of issues by financial vehicle corporations must be addressed bilaterally, involving the BIS and NCBs concerned. NCBs and not the BIS must report issues by financial vehicles corporations which fulfil the residency criteria of ESA 95 and are classified as euro area residents.
2. Sectoral breakdown of issuers
Issues must be classified according to the sector incurring the liability for the securities issued. Securities issued through FVC where the liability for the issue is incurred by the parent organisation and not the FVC must be attributed to the parent organisation and not the FVC. For example, issues by a FVC of Philips must be allocated to the non-financial corporation sector and reported by the Netherlands. However, the FVC and its parent must be located in the same country. Hence, where the parent company is not a resident of the reporting country, the FVC must be treated as a notional resident of the reporting country, and the issuing sector must be OFIs. For example, issues by Toyota Motor Finance Netherlands BV must be attributed to OFIs of the Netherlands, because the parent company ‘Toyota’ is not resident in the Netherlands.
The sectoral classification comprises the following nine types of issuers:
— ECB/NCBs,
— monetary financial institutions (MFIs),
— other financial intermediaries,
— insurance corporations and pension funds,
— non-financial corporations,
— central government,
— State and local government,
— social security funds,
— international institutions.
If a public corporation becomes privatised by issuing quoted shares, the issuing sector must be classified as ‘non-financial corporations’. Similarly, if a public CI is privatised, the issuing sector must be classifed ‘MFIs other than central banks’. Issues by households or non-profit institutions serving households must be classified as issues by ‘non-financial corporations’.
The BIS follows the mappings between the sectoral breakdown of issuers available in the BIS database and those requested in the report forms, as shown in the chart below.
|
Sectoral breakdown in BIS database |
Classification in report forms |
||
|
Central bank |
→ |
NCB and ECB |
|
|
Commercial banks |
→ |
MFIs |
|
|
OFI |
→ |
OFIs |
|
|
Central government |
→ |
Central government |
|
|
Other government State agencies |
→ |
State and local government |
|
|
Corporations |
→ |
Non-financial corporations |
|
|
International institutions |
→ |
International institutions (RoW) |
|
3. Maturity of issues
Short-term debt securities comprise securities that have an original maturity of one year or less, even if they are issued under longer-term facilities.
Long-term debt securities comprise securities that have an original maturity of more than one year. Issues with optional maturity dates, the latest of which is more than one year away, and issues with indefinite maturity dates, are classified as long-term. As proposed in paragraph 5.22 of the ESA 95, the maturity breakdown may be flexible, i.e. in exceptional cases short-term securities may have an original maturity of two years.
The methodology currently applied by the BIS differs. The BIS considers all ECP and other euronotes drawn under a short-term programme as short-term instruments, and all instruments issued under long-term documentation as long-term instruments whatever their original maturity.
A two-year maturity split as in the MFI balance sheet statistics is not considered necessary.
4. Classification of issues
Issues are analysed under two broad groupings: (1) debt securities i.e. securities other than shares excluding financial derivatives ( 26 ); and (2) quoted shares excluding investment fund shares/units ( 27 ). Private placements are covered as far as possible. Money market paper is included as part of debt securities. Unquoted shares and other equity may be reported on a voluntary basis as two separate memo items.
The following instruments contained in the BIS database are classified as debt securities in the securities issue statistics:
— certificates of deposit,
— commercial paper,
— treasury bills,
— bonds,
— euro commercial paper (ECP),
— medium-term notes,
— other short-term paper.
Non-exhaustive coverage of instruments in the securities issue statistics:
(a) Debt securities
(i) Short-term debt securities
The following instruments are included as a minimum:
— treasury bills and other short-term paper issued by general government,
— negotiable short-term paper issued by financial and by non-financial corporations. A variety of terms are used for such paper including: commercial paper, commercial bills, promissory notes, bills of trade, bills of exchange and certificates of deposit,
— short-term securities issued under long-term underwritten note issuance facilities,
— bankers’ acceptances.
(ii) Long-term debt securities
The following instruments are illustrative and included as a minimum:
— bearer bonds,
— subordinated bonds,
— bonds with optional maturity dates, the latest of which is more than one year away,
— undated or perpetual bonds,
— variable rate notes,
— convertible bonds,
— covered bonds,
— index-linked securities where the value of the principal is linked to a price index, the price of a commodity or to an exchange rate index,
— deep-discounted bonds,
— zero coupon bonds,
— euro bonds,
— global bonds,
— privately issued bonds,
— securities resulting from the conversion of loans,
— loans that have become negotiable de facto,
— debentures and loan stock convertible into shares, whether shares of the issuing corporation or shares of another company, so long as they have not been converted. Where separable from the underlying bond, the conversion option, considered to be a financial derivative, is excluded,
— shares or stocks that pay a fixed income but do not provide for participation in the distribution of the residual value of the corporation on dissolution, including non-participating preference shares,
— financial assets issued as part of the securitisation of loans, mortgages, credit card debt, accounts receivable and other assets.
The following instruments are excluded:
— transactions in securities as part of repurchase agreements,
— issues of non-negotiable securities,
— non-negotiable loans.
Long-term debt securities issues are divided into:
— fixed rate issues, i.e. bonds whose nominal coupon payment does not change during the life of the issue,
— variable rate issues, i.e. bonds where the coupon rate or underlying principal are linked to an interest rate or some other index resulting in a variable nominal coupon payment over the life of the issue,
— zero coupon issues, i.e. instruments that do not pay any periodic coupon payments. Usually such bonds are issued at discount and redeemed at par. Most of the discount represents the equivalent of the interest accrued during the life of the bond.
(b) Quoted shares
Quoted shares include:
— capital shares issued by limited liability companies,
— redeemed shares in limited liability companies,
— dividend shares issued by limited liability companies,
— preferred or preference stocks or shares which provide for participation in the distribution of the residual value on dissolution of a corporation. These may be quoted or unquoted on a recognised exchange,
— private placements where possible.
If a company is privatised and the government keeps part of the shares but the other part is quoted on a regulated market, the whole value of the company’s capital is recorded within the outstanding amounts of quoted shares, since all shares could potentially be traded at any time at market value. The same applies if part of the shares is sold to large investors and only the remaining part, i.e. free float, is traded on the stock exchange.
Quoted shares exclude:
— shares offered for sale but not taken up on issue,
— debentures and loan stock convertible into shares. These are included once they are converted into shares,
— the equity of partners with unlimited liability in incorporated partnerships,
— government investments in the capital of international organisations which are legally constituted as corporations with share capital,
— issues of bonus shares at the time of issue only and split share issues. Bonus shares and split shares are however included indistinguishably in the total stock of quoted shares.
5. Currency of issue
Dual currency bonds, where the bond is redeemed or the coupon paid in a different currency from the denomination of the bond, must be classified according to the denomination of the bond. If a global bond is issued in more than one currency, each portion must be reported as a separate issue, according to its currency of issue. Where issues are denominated in two currencies, for example 70 % in euro and 30 % in US dollars, the relevant components of the issue must be reported separately where possible according to the currency denomination. Hence 70 % of the issue must be reported as issues in euro/national denominations ( 28 ) and 30 % as issues in other currencies. Where it is not possible to separately identify the currency components of an issue, the actual breakdown made by the reporting country must be indicated in the national explanatory notes.
Quoted shares must be assumed to be issued in the currency of the corporation’s country of residence; issues of shares in other currencies are negligible or non-existent. Hence, the data on quoted shares refer to all issues by euro area residents.
6. Time of recording issue
An issue is considered to have occurred when the issuer receives payment, and not when the syndicate takes up the commitment.
7. Reconciliation of stocks and flows
NCBs must submit information on outstanding amounts, gross issues, redemptions and net issues of short-term and long-term debt securities and on quoted shares.
The chart below illustrates the link between stocks (i.e. outstanding amounts) and flows (i.e. gross issues, redemptions and net issues). In practice, the link is more complex due to price and exchange-rate valuation changes, reinvested (i.e. accrued) interest, reclassifications, revisions and other adjustments ( 29 ).
|
(a) |
Outstanding issues at end of reporting period |
≈ |
Outstanding issues at end of previous reporting period |
+ |
Gross issues during reporting period |
— |
Redemptions during reporting period |
|
(b) |
Outstanding issues at end of reporting period |
≈ |
Outstanding issues at end of previous reporting period |
+ |
Net issues during reporting period |
(a) Gross issues
Gross issues during the reporting period must include all issues of debt securities and quoted shares where the issuer sells newly created securities for cash. They concern the regular creation of new instruments. The point in time at which issues have been concluded is defined as the time at which payment is made; the recording of issues must therefore reflect as closely as possible the timing of payment for the underlying issue.
The gross issues cover the newly created shares which are issued for cash by corporations quoted on a stock exchange for the first time, including newly created companies or private companies becoming public companies. Gross issues also cover the newly created shares which are issued against cash during the privatisation of public corporations when the corporation's shares become quoted on a stock exchange. The issue of bonus shares must be excluded ( 30 ). Gross issues must not be reported in the event of a sole listing of a corporation on a stock exchange where no new capital is raised.
The exchange or transfer of already existing securities during a takeover or merger is not coveredTime of recording issu ( 31 ) within the reported gross issues or redemptions, except for the new instruments which are created and issued against cash by a euro area resident entity.
Issues of securities which can later be converted into other instruments must be recorded as issues in their original instrument category; on conversion they are redeemed from this instrument category with an identical amount and then treated as gross issue in a new category ( 32 ).
(b) Redemptions
Redemptions during the reporting period cover all repurchases of debt securities and quoted shares by the issuer, where the investor receives cash for the securities. Redemptions concern the regular deletion of instruments. They cover all debt securities reaching their maturity date, as well as early redemptions. Company share buy-backs are covered, if the company repurchases all shares against cash prior to a change of its legal form, or part of its shares against cash which are cancelled, leading to a reduction in capital. Company share buy-backs are not covered if they are investments in own shares ( 33 ).
Redemptions must not be reported in the event of a sole delisting from a stock exchange.
(c) Net issues
Net issues are the balance of all issues made minus all redemptions that have occurred during the reporting period.
The outstanding amounts of quoted shares must cover the market value of all the quoted shares of the resident entities. The outstanding amounts of quoted shares reported by a euro area country may therefore increase or decrease following a relocation of a listed entity. This also applies in the event of a takeover or merger where no instruments are created and issued against cash and/or redeemed against cash and cancelled. To avoid double counting or gaps for debt securities and quoted shares in the event of an issuer relocation to another resident country, the NCBs must coordinate the timing of reporting of such an event bilaterally.
8. Valuation
The value of securities issues comprises a price component and, where issues are denominated in currencies other than the reporting currency, an exchange rate component.
NCBs must report debt securities at nominal value (i.e face value) and quoted shares at market value (i.e transaction value). For long-term debt securities the types of issue (fixed rate, variable rate and zero coupon bonds) may be valued using different methods, resulting in a mixed valuation for the total. For example, fixed and variable issues are typically valued at nominal value and zero coupon bonds at the effective amount paid. Generally, the relative amount of zero coupon bonds is small, so that no provision for a mixed valuation value has been made in the code list; the total amount of long-term debt securities is reported at nominal value (N). Where the magnitude of the phenomenon is significant, the value ‘Z’ for ‘not specified’ is used. In general, whenever there is a situation where mixed valuation occurs, details are provided by the NCB at the attribute level according to the attributes in Annex IV.
(a) Price valuation
Stocks and flows of quoted shares must be reported at market value; stocks and flows of debt securities at nominal value. An exception to the recording of stocks and flows of debt securities at nominal value is made in respect of deep-discounted and zero coupon bonds, where the issues are recorded at the effective amount paid, i.e. the discounted price at the time of purchase, and the redemptions at maturity at nominal value. The outstanding amounts of deep-discounted and zero coupon bonds are the effective amount paid plus accrued interest as shown below.
where
|
A |
= |
effective amount paid and accrued interest |
|
E |
= |
effective value (amount paid at the time of issuance or redemption) |
|
P |
= |
nominal value (repaid at end of maturity) |
|
T |
= |
time to maturity from issue date (in days) |
|
t |
= |
time passed since issue date (in days) |
There may be certain differences in the price valuation procedure used across countries.
The ESA 95 price valuation approach, which requires flows for debt securities and shares to be recorded at transaction value and stocks at market value, is not applied in this context.
Current BIS valuation rules are face value for debt securities and issue price for quoted shares. For deep discounted and zero coupon bonds, the reporting NCB must calculate accrued interest where feasible.
(b) Reporting currency and exchange rate valuation
NCBs must report all data to the ECB expressed in euro, including historical series. For the conversion into euro of securities issued by domestic residents in other currencies (Block C) ( 34 ), NCBs must follow as closely as possible the exchange rate valuation principles based on the ESA 95 ( 35 ):
(i) outstanding issues must be converted into euro/national denominations at the relevant mid-market exchange rate prevailing at the end of the reporting period, i.e. the close of business on the last working day of the reporting period; and
(ii) gross issues and redemptions must be converted into euro/national denominations using the mid-market exchange rate prevailing at the time of payment. If it is not possible to identify the exact exchange rate applicable for the conversion, an exchange rate that is as close as possible to the mid-market rate at the time of payment may be used.
For periods prior to 1 January 1999, NCBs must follow as closely as possible these ESA 95 standards to convert all non-domestic currency issues, redemptions and outstanding amounts into the reporting countries' euro/national denomination. For the purposes of sending the data to the ECB, the whole time series must then be converted into euro applying the irrevocable conversion rates of 31 December 1998.
The BIS reports to the ECB all issues by RoW residents in euro/national denominations (Block B) in US dollars using the end-of-period exchange rate for amounts outstanding and the period's average exchange rate for issues and redemptions. The ECB converts all data into euro using the same principle that was initially applied by the BIS. Prior to 1 January 1999 the exchange rate between the ECU and the US dollar must be used as proxy.
9. Conceptual consistency
Securities issues statistics and MFI balance sheet statistics are linked for the purposes of issues of negotiable instruments by MFIs. The coverage of instruments and the MFIs that issue them are conceptually consistent, as well as the allocation of instruments to maturity bands and the currency breakdown. Differences between securities issues statistics and MFI balance sheet statistics exist regarding the valuation principles (i.e nominal value for the former and market value for the latter). Except for valuation differences, for each country the outstanding amount of securities issued by MFIs reported for securities issues statistics correspond to items 11 (‘debt securities issued’) and 12 (‘money market paper’) on the liability side of the MFI balance sheets. Short-term securities as defined for securities issues statistics correspond to the sum of money market paper and debt securities issued up to one year. Long-term securities as defined for securities issues statistics equal the sum of debt securities issued over one and up to two years and debt securities issued over two years.
NCBs must review the coverage of the securities issue statistics and the MFI balance sheet statistics and indicate to the ECB any conceptual differences. Three types of consistency checks are performed: for issues by (1) NCBs in euro/national denominations; and (2) MFIs other than central banks in euro/national denominations; and (3) MFIs other than central banks in other currencies. There may be minor differences, since the securities issue statistics and the MFI balance sheet statistics are derived from national reporting systems with different purposes.
10. Data requirements
Statistical returns are expected from each country for each applicable time series. NCBs must notify the ECB promptly in writing with explanations if a particular item does not apply in a particular country. NCBs may not report the time series temporarily if the underlying phenomenon does not exist. NCBs must also notify this occurrence or any other changes to the coding scheme described in Annex IV. Furthermore, they must inform ECB when revisions are sent together with explanations on the nature of these revisions.
Section 3: National explanatory notes
Each NCB must submit one report describing the data provided in the context of this exercise. The report must cover the topics detailed below and follow as closely as possible the proposed layout. NCBs must provide additional information on instances where data reported do not comply with the Guideline, or where they have not provided the data, and the reasons for this. They must transmit the report to the ECB as a Word document by Cebamail. The report may not be submitted later than the data.
|
1. |
Data sources/data collection system: details of the data sources used to compile securities issues statistics must be given: administrative sources for government issues, direct reporting from MFIs and other institutions, newspapers, and data providers such as the International Financial Review etc. NCBs must indicate whether the data are collected and stored on an issue-by-issue basis, and their criteria. Alternatively, NCBs must indicate whether the data are collected and stored indistinguishably as amounts issued by individual issuers during a reporting period, e.g. for direct data collection systems. NCBs must provide information on the criteria used in direct reporting to identify the reporting agents and the information to be submitted. |
|
2. |
Compilation procedures: the method used to compile data in this exercise must be briefly described, for example aggregation of information on individual securities issues, arrangements for existing times series and whether published or not. |
|
3. |
Residence of the issuer: NCBs must specify whether it is possible to apply fully the ESA 95 (and IMF) definition of residency in classifying issues. If this is not possible, or only partially possible, NCBs must provide a full explanation of the criteria actually used. |
|
4. |
Sectoral breakdown of issuers: NCBs must indicate deviations from the classification of issuers according to the sectoral breakdown defined in Section 2 point 2. The notes must explain the identified deviations and any grey areas. |
|
5. |
Currency of issue: if it is not possible to separately identify currency components of an issue, NCBs must explain deviations from the rules. Furthermore, NCBs that cannot distinguish for all securities between issues in local denominations, in other euro/national denominations and in other currencies, must describe where such issues have been classified and indicate the total amount of issues that were not properly allocated to illustrate the size of the distortion. |
|
6. |
Classification of issues: NCBs must provide comprehensive information on the type of securities covered by the national data, including their national terms. If coverage is known to be partial, NCBs must explain existing gaps. — Private placements: NCBs must indicate whether or not they are covered in the reported data, — Bankers' acceptances: if negotiable and included in the reported data for short-term debt securities, the reporting country must explain in the national explanatory notes the national procedures for recording these instruments and the nature of these instruments, — Quoted shares: NCBs must indicate whether unquoted shares or other equity are covered in the reported data with an estimate of the amount of unquoted shares and/or other equity to illustrate the size of the distortion. NCBs must indicate in the national explanatory notes any known gaps in the coverage of quoted shares. |
|
7. |
Instrument analysis of long-term securities: if the sum of fixed rate, variable rate and zero coupon bonds does not add up to the total for long-term debt securities, NCBs must give the type and amount of long-term securities for which no such breakdown is available. |
|
8. |
Maturity of issues: if the strict application of the short and long-term definitions cannot be followed, NCBs must indicate in the national explanatory notes where the reported data deviate. |
|
9. |
Redemptions: NCBs must specify how they derive the information on redemptions and whether the information is collected by direct reporting or calculated by residual. |
|
10. |
Price valuation: NCBs must specify in detail in the national explanatory notes the valuation procedure used for (1) short-term debt securities; (2) long-term debt securities; (3) discounted bonds; and (4) quoted shares. Any valuation difference for stocks and flows must be explained. |
|
11. |
Reporting frequency, timeliness and time range: the extent to which the data compiled for this exercise has been provided in conformity with the user requirements i.e. for monthly data, with a timeliness of five weeks, must be indicated. The length of the time series provided must also be given. Any breaks in the series must be reported, for example differences in the coverage of securities over time. |
|
12. |
Revisions: brief explanatory notes for any revisions must clarify the reason for them and their extent. |
|
13. |
Estimated coverage per instrument issued by domestic residents: NCBs must give national estimates of the coverage of securities for each category of issues by domestic residents, i.e. issues of short-term securities, long-term securities, and quoted shares, in local currency, other euro/national denominations including ECU, and other currencies according to the table below. The estimates for ‘coverage in %’ must indicate the share of securities covered in each instrument category as percentages of the total issue, which must be reported under the relevant heading following the reporting rules. Brief descriptions may be provided in ‘comments’. NCBs must also indicate any changes in coverage as a result of joining monetary union.
|
||||||||||||||||||||||||||||||||||||
PART 12a
Additional monthly MFI interest rate statistics (to be transmitted to the ECB by close of business on the 19th working day after the end of the reference month)
TABLE 1 (1)
|
Sector |
Type of instrument |
Initial period of interest rate fixation |
New business indicator |
Reporting obligation |
|
|
Loans (in EUR) |
To non-financial corporations |
Loans up to an amount of EUR 1 million |
Floating rate and up to 1 year period of initial rate fixation |
24 |
AAR/NDER, amount |
|
Over 1 and up to 5 years period of initial rate fixation |
25 |
AAR/NDER, amount |
|||
|
Over 5 years period of initial rate fixation |
26 |
AAR/NDER, amount |
|||
|
Loans over an amount of EUR 1 million |
Floating rate and up to 1 year period of initial rate fixation |
27 |
AAR/NDER, amount |
||
|
Over 1 and up to 5 years period of initial rate fixation |
28 |
AAR/NDER, amount |
|||
|
Over 5 years period of initial rate fixation |
29 |
AAR/NDER, amount |
|||
|
(1) An annualised agreed rate (AAR) or narrowly defined effective rate (NDER) is reported for the categories included in Table. The reporting of the AAR/NDER is accompanied by the related new business volumes if indicated in the Table by the word ‘amount’. |
|||||
TABLE 2 (1)
|
Sector |
Type of instrument |
New business indicator |
Reporting obligation |
|
|
Loans (in EUR) |
To households |
Revolving loans and overdrafts, convenience and extended credit card debt |
86 |
AAR/NDER, amount |
|
To non-financial corporations |
Revolving loans and overdrafts, convenience and extended credit card debt |
87 |
AAR/NDER, amount |
|
|
(1) An annualised agreed rate (AAR) or narrowly defined effective rate (NDER) is reported for the categories included in the Table. The reporting of the AAR/NDER is accompanied by the related new business volumes if indicated in the Table by the word ‘amount’. |
||||
PART 13
Payments statistics
Section 1: Settlement media
Settlement media are assets or claims on assets which are used for payments.
TABLE 1
Settlement media used by non-MFIs ( 36 )
|
(EUR million) |
||
|
Items |
||
|
I. NCB liabilities Deposits held at NCB |
II. Other MFI liabilities Deposits held at other MFIs |
|
|
I.a. Overnight deposits — euro |
of domestic central government |
of domestic central government |
|
of other euro area Member States central governments |
of euro area central governments |
|
|
of rest of the world, except banks |
of rest of the world, except banks |
|
|
I.b. Overnight deposits — Other currencies |
of domestic central government |
of domestic central government |
|
of other euro area Member States central governments |
of euro area central governments |
|
|
of rest of the world, except banks |
of rest of the world, except banks |
|
|
I.c. Transferable deposits (1) — All currencies |
of domestic general government |
of domestic general government |
|
of domestic other resident sectors |
of domestic other resident sectors |
|
|
of other euro area Member States general governments |
of other euro area Member States general governments |
|
|
of other euro area Member States other resident sectors |
of other euro area Member States other resident sectors |
|
|
of rest of the world, except banks |
of rest of the world, except banks |
|
|
(1) As from June 2010 end-month reference period (2011 data submission). |
||
TABLE 2
Settlement media used by credit institutions
(EUR million)
Items
Overnight deposits in euro held at other credit institutions (end of period)
Transferable overnight deposits in euro held at other credit institutions (end of period)
Memorandum item:
Intraday borrowing in euro from the central bank (average for last reserve maintenance period) ( 37 )
Section 2: Institutions offering payment services
Institutions offering payment services are legally independent institutions operating in the reporting country, and are:
— the central bank,
— credit institutions legally incorporated in the reporting country (includes ‘Electronic money institutions’),
— branches of euro area-based credit institutions,
— branches of EEA-based credit institutions outside the euro area,
— branches of non-EEA-based banks,
— other institutions offering payment services to non-MFIs.
—TABLE 3
Institutions offering payment services to non-MFIs (37)
|
Items |
|
|
Central bank |
Number of offices |
|
Number of overnight deposits held by non-MFIs (1) (thousands) |
|
|
Number of transferable overnight deposits (2) |
|
|
Credit institutions irrespective of their legal incorporation |
Number of overnight deposits held by non-MFI (1) (thousands) of which: Internet/PC-linked (1) (thousands) |
|
Number of transferable overnight deposits held by non-MFI (1), (2) (thousands) |
|
|
— Credit institutions legally incorporated in the reporting country |
Number of institutions (3) |
|
Number of offices |
|
|
Value of overnight deposits held by non-MFI (euro million) |
|
|
Value of transferable overnight deposits (4) |
|
|
— Branches of euro area-based credit institutions |
Number of institutions (3) |
|
Number of offices |
|
|
Value of overnight deposits held by non-MFI (euro million) |
|
|
Value of transferable overnight deposits (4) |
|
|
— Branches of EEA-based credit institutions outside the euro area |
Number of institutions (3) |
|
Number of offices |
|
|
Value of overnight deposits held by non-MFI (euro million) |
|
|
Value of transferable overnight deposits (4) |
|
|
— Branches of non-EEA-based banks |
Number of institutions (3) |
|
Number of offices |
|
|
Value of overnight deposits held by non-MFI (euro million) |
|
|
Value of transferable overnight deposits (4) |
|
|
Other institutions offering payment services to non-MFIs |
Number of institutions (3) |
|
Number of offices |
|
|
Number of overnight deposits held by non-MFIs (1) (thousands) |
|
|
Value of overnight deposits held by non-MFI (euro million) |
|
|
Value of transferable overnight deposits (4) |
|
|
Memorandum items Electronic money institutions |
Number of institutions (3) |
|
Outstanding value of e-money issued by electronic money institutions and held by entities other than the issuer, including credit institutions other than the issuer (euro million) |
|
|
(1) If a non-MFI maintains several accounts, each account is counted separately. (2) As from 2010 end-year reference period (2011 data submission). (3) Each institution is counted once, irrespective of the number of offices it maintains in the country. The sub-categories of institutions are mutually exclusive. The total number of institutions is the sum of all sub-categories. Institutions are included from the first time that they are reported to the ECB for the purposes of MFI statistics. (4) As from Q2 2010 end-quarter data reference period (2011 data submission). |
|
— Number of offices includes the head office of the institution if it offers payment services with cashless clearing and settlement. Mobile offices are not included. Each place of business set up in the same reporting country is counted separately,
— Internet/PC-linked deposits: deposits which can be accessed and used electronically via the Internet or PC banking using dedicated software and telephone lines. Deposits with telephone or mobile phone banking access are not included, unless they are also accessible via Internet or PC banking applications.
Section 3: Payment card functions and accepting devices
TABLE 4
Payment card functions and accepting devices (1)
|
Items |
|
|
Number of cards issued in the country (2) |
Terminals located in the country (2) |
|
Number of cards with a cash function Number of cards with a payment function except cards with an e-money function only (3) — with a debit function — with a delayed debit function — with a credit function — with a debit and/or delayed debit function (4) — with a credit and/or delayed debit function (5) Number of cards with an e-money function — cards which have been loaded at least once Total number of cards with any number of functions (6) — with a combined debit, cash and e-money function (7) |
ATMs (8) — with a cash withdrawal function — with a credit transfer function POS terminals — EFTPOS terminals E-money card terminals (8) — card-loading/unloading terminals — card-accepting terminals |
|
(1) Original units, end of period (2) Cards or terminals offering several functions are counted in each applicable sub-category. (3) Cards offering several functions are counted only once. However, each payment function is also indicated under each relevant sub-category. (4) Only if data on ‘Cards with a debit function’ and ‘Cards with a delayed debit function’ are not available separately. (5) Only if data on ‘Cards with a credit function’ and ‘Cards with a delayed debit function’ are not available separately. (6) Cards with multiple functions must be counted only once. (7) Indicate any supplementary functions for these cards, e.g. credit function, in the end-notes. (8) If a terminal offers several functions, it is counted only once. However, each function is also indicated under each relevant sub-category. |
|
1. Cards
Cards are counted on the card-issuing side. Each country reports the number of cards which have been issued in the country and used for transactions within and outside the country of issue.
If a card offers several of the functions listed below, it is counted in each applicable sub-category. Thus, the total number of cards may be smaller than the sum of the sub-categories, and to avoid double counting, sub-categories must not be added up.
Card functions comprise:
— Cash function: this enables the cardholder to withdraw cash from a cash dispenser and/or to deposit cash. The cash function is usually combined with a payment function.
— Payment function (except e-money function): debit function, and/or delayed debit function and/or credit function. The card may also have other functions, such as an e-money function, but cards with only an e-money function are not counted in this category.
— Debit function: It enables cardholders to have their purchases directly and immediately charged to their accounts, whether held with the card issuer or not. It may be linked to an account offering overdraft facilities as an additional feature.
— Delayed debit function: It enables cardholders to have their purchases charged to an account with the card issuer, up to an authorised limit. The balance in this account is then settled in full at the end of a pre-defined period.
— Credit function: It enables cardholders to make purchases and/or withdraw cash up to a prearranged ceiling. The credit granted may be settled in full by the end of a specified period or may be settled in part, with the balance taken as extended credit on which interest is usually charged.
— Cards with a debit and/or delayed debit function: this category is only reported if the data cannot be broken down into ‘Cards with a debit function’ and ‘Cards with a delayed debit function’.
— Cards with a credit and/or delayed debit function: this category is only reported if the data cannot be broken down into ‘Cards with a credit function’ and ‘Cards with a delayed debit function’.
— E-money function: cards on which electronic money can be stored directly.
2. Terminals
All terminals located in the country are counted. Non-physical access points, such as Internet or telephone access to services, are not included. If a terminal offers several functions, it is counted in each applicable sub-category. Thus, the total number of terminals may be smaller than the sum of the sub-categories, and to avoid double-counting sub-categories must not be added up.
Section 4: Payment and terminal transactions involving non-MFIs
1. Transactions per type of payment instrument
This section comprises all transactions initiated by non-MFIs, as well as transactions initiated by MFIs if the other side of the transaction is a non-MFI. It includes transactions denominated in foreign currency and initiated in the country. Data are recalculated using the ECB reference exchange rate. In the case of bulk payments, each individual payment is counted.
2. Transactions per type of terminal
This section comprises cash and cashless transactions performed at a physical (not virtual) terminal. The scope of payment transactions with cards reported in this section is smaller than that of transactions reported in Section 4, point 1 ‘Transactions per type of payment instrument’, since card transactions at virtual points of sale, e.g. over the Internet or the telephone, are excluded, while such transactions are reported in Section 4, point 1.
Transactions per type of terminal are counted on three different levels according to the location of the terminal and the residency of the card issuer. If no distinction according to the location of the terminal and/or the residency of the card issuer is possible, transactions are included under the item ‘a) Terminals located in the country with cards issued in the country’ as the most common category and an explanation is to be provided in the ‘end-notes’.
TABLE 5
Payment and terminal transactions involving non-MFIs — number of transactions (1)
|
Items |
|
|
Transactions per type of payment instrument (2) |
Transactions per type of terminal (2) |
|
Credit transfers — Paper-based — Non-paper-based Direct debits Card payments with cards issued in the country except cards with an e-money function only — with a debit function — with a delayed debit function — with a credit function — with debit and/or delayed debit function (3) — with credit and/or delayed debit function (4) E-money purchase transactions — with cards with an e-money function — with other e-money storages Cheques Other payment instruments Total transactions with payment instruments — Cross-border transactions sent |
(a) Terminals located in the country with cards issued in the country ATM cash withdrawals ATM cash deposits POS transactions irrespective of type of card used E-money card-loading/unloading transactions (b) Terminals located in the country with cards issued outside the country ATM cash withdrawals ATM cash deposits POS transactions irrespective of type of card used E-money card-loading/unloading transactions (c) Terminals located outside the country with cards issued in the country ATM cash withdrawals ATM cash deposits POS transactions irrespective of type of card used E-money card-loading/unloading transactions |
|
Memorandum items: Cross-border transactions received (5) Credits to the accounts by simple book entry Debits from the accounts by simple book entry |
Memorandum items: Cash advances at POS terminals OTC cash withdrawals OTC cash deposits |
|
(1) million, total for the period (2) Each transaction is reported only in one sub-category. (3) Only if data on ‘Payments with cards with a debit function’ and ‘Payments with cards with a delayed debit function’ are not available separately. (4) Only if data on ‘Payments with cards with a credit function’ and ‘Payments with cards with a delayed debit function’ are not available separately. (5) Only if figures on transactions received are available. |
|
TABLE 6
Payment and terminal transactions involving non-MFIs — value of transactions (1)
|
Items |
|
|
Transactions per type of payment instrument (2) |
Transactions per type of terminal (2) |
|
Credit transfers — Paper-based — Non-paper-based Direct debits Card payments with cards issued in the country except cards with an e-money function only — with a debit function — with a delayed debit function — with a credit function — with debit and/or delayed debit function (3) — with credit and/or delayed debit function (4) E-money purchase transactions — with cards with an e-money function — with other e-money storages Cheques Other payment instruments Total transactions with payment instruments — Cross-border transactions sent |
(a) Terminals located in the country with cards issued in the country ATM cash withdrawals ATM cash deposits POS transactions irrespective of type of card used E-money card-loading/unloading transactions (b) Terminals located in the country with cards issued outside the country ATM cash withdrawals ATM cash deposits POS transactions irrespective of type of card used E-money card-loading/unloading transactions (c) Terminals located outside the country with cards issued in the country ATM cash withdrawals ATM cash deposits POS transactions irrespective of type of card used E-money card-loading/unloading transactions |
|
Memorandum items: Cross-border transactions received (5) Credits to the accounts by simple book entry Debits from the accounts by simple book entry |
Memorandum items: Cash advances at POS terminals OTC cash withdrawals OTC cash deposits |
|
(1) EUR million, total for the period (2) Each transaction is reported only in one sub-category. (3) Only if data on ‘Payments with cards with a debit function’ and ‘Payments with cards with a delayed debit function’ are not available separately. (4) Only if data on ‘Payments with cards with a credit function’ and ‘Payments with cards with a delayed debit function’ are not available separately. (5) Only if figures on transactions received are available. |
|
— Credit transfers are counted on the payer's side. They include postal orders and money orders.
— Credit transfers are either paper-based or non-paper-based:
—(i) Paper-based credit transfers: credit transfers which the payer submits in paper-based form;
(ii) Non-paper based credit transfers: credit transfers which the payer submits without the use of paper forms, i.e. electronically.
— Direct debits are counted on the payee's side. Both one-off and recurrent direct debits are included. In the case of recurrent direct debits, each individual payment is counted as one transaction.
— Card payments with cards issued in the country, except cards with an e-money function only, are counted on the card-issuing side. E-money transactions are not included.
— E-money purchase transactions are counted on the issuing side of the card or other storage used. Only transactions with cards or storages issued in the country are reported.
— Cheques are counted on the payee's side when submitted for cheque clearing. Cheques issued but not submitted for clearing are not included.
— Other payment instruments. Payments with instruments that exist in some countries that cannot be included in any of the other categories of payment instrument e.g. bills of exchange, including truncated bills of exchange. The ‘end-notes’ will specify which instruments are included.
— Cross-border transactions sent. Sub-category of ‘Total number/value of transactions with payment instruments’.
— Cross-border transactions received. Information is provided if available in the reporting country. Credit transfers are counted on the payee's (i.e. instruction recipient's) side. Direct debits and cheques are counted on the payer's (i.e. instruction recipient's) side. Card transactions are counted on the acquiring (i.e. payee's) side.
— Credits to the accounts by simple book entry. Mandatory data element, i.e. data need to be reported as soon as feasible in the national context.
— Debits from the accounts by simple book entry. Mandatory data element, i.e. data need to be reported as soon as feasible in the national context.
— Credits to/debits from the accounts by simple book entry are to be excluded from credit transfers, direct debits or any other category of traditional payment instruments and shall only be reported under the corresponding memo items. This applies also to back data, subject to data availability.
— Automatic teller machine (ATM) cash withdrawals. Cash withdrawals performed at an ATM using a card with a cash function. Cash advances at POS terminals using a card with a debit, credit or delayed debit function are not included but are reported under ‘POS transactions’.
— ATM cash deposits. Cash deposits performed at an ATM using a card with a cash function.
— POS transactions comprise of transactions at EFTPOS terminals and transactions using manual imprinters. Include cash advances at POS terminals; if these can be distinguished, they are also reported in the memorandum item ‘Cash advances at POS terminals’.
— E-money card-loading/card-unloading transactions. Both loading and unloading transactions are included.
— OTC cash withdrawals are not included in the breakdown of payment instruments. However, data may be reported as memorandum items if available.
— OTC cash deposits are not included in the breakdown of payment instruments. However, data may be reported as memorandum items if available.
Section 5: Selected interbank funds transfer systems
Interbank funds transfer systems (IFTSs) are included, whether managed by a central bank or a private operator. Figures are provided on a system-by-system basis. Only systems handling a significant volume of business are listed. Mostly these are the systems mentioned in the textual part of the Blue Book. Systems are included if they were operational during any of the previous five reference years.
IFTSs are divided into TARGET2/TARGET components and non-TARGET payment systems:
— a TARGET2/TARGET component is a national real-time gross settlement (RTGS) system which is a part of TARGET2/TARGET as identified in Guideline ECB/2007/2 of 26 April 2007 on a Trans-European Automated Real-time Gross settlement Express Transfer system (TARGET2) ( 38 ) or in Guideline ECB/2005/16 of 30 December 2005 on a Trans-European Automated Real-time Gross settlement Express Transfer system (TARGET) ( 39 ), the ECB payment mechanism (EPM) or the RTGS system of a Member State that had not yet adopted the euro but was connected directly to TARGET and signed a TARGET Agreement,
— a non-TARGET payment system is an IFTS which is not a component part of TARGET2/TARGET.
1. Participation in selected interbank funds transfer systems
Each participant which has individual access to the system or can be addressed individually in the system is counted separately, irrespective of whether there is a legal link between two or more such participants, e.g. in the case of a merger.
TABLE 7
Participation in selected interbank funds transfer systems (1)
|
Items |
||
|
TARGET component |
Non-TARGET payment system [refer to list of payment systems] |
|
|
LVPS [reported separately for each LVPS 1, 2, 3, 4] |
Retail system [reported separately for each retail payment system 1, 2, 3, 4, 5, 6] |
|
|
Number of participants (a) Direct participants of which: Credit institutions Central bank Other direct participants of which: — Public administration — Postal institution — Clearing and settlement organisations — Other financial institutions — Others (b) Indirect participants |
Number of participants (a) Direct participants of which: Credit institutions Central bank Other direct participants of which: — Public administration — Postal institution — Clearing and settlement organisations — Other financial institutions — Others (b) Indirect participants |
Number of participants (a) Direct participants of which: Credit institutions Central bank Other direct participants of which: — Public administration — Postal institution — Clearing and settlement organisations — Other financial institutions — Others (b) Indirect participants |
|
(1) End of period, original units. |
||
— Direct participant is an entity which is identified or recognised by an IFTS and is authorised to send or receive payment orders directly to or from the system without an intermediary or is directly bound by the rules governing the IFTS. In some systems, direct participants also exchange orders on behalf of indirect participants.
— Indirect participant is a participant in a payment system with tiering arrangement, that uses a direct participant as intermediary to perform some of the activities allowed in the system (particularly settlement).
2. Payments processed by selected interbank funds transfer systems
Tables 8 and 9 comprise data on transactions submitted to and processed in an interbank funds transfer system. Each payment is counted once on the sending participant's side and not twice — i.e. the debiting of the payer's account and the crediting of the payee's account are not counted separately. Only payments made within the system are included. Rejected or cancelled payments are excluded.
To avoid double-counting, cross-border transactions are counted in the country in which the transaction originates.
The descriptions of payment instruments in Section 4 apply to the different items in this section. All transactions are counted on the side of the participant sending the instruction.
TABLE 8
Payments processed by selected interbank funds transfer systems — number of transactions (1)
|
Items |
||
|
TARGET component |
Non-TARGET payment system (Refer to list of payment systems) |
|
|
LVPS (2) (reported separately for each LVPS 1, 2) |
Retail system (Reported separately for each retail payment system 1, 2, 3, 4) |
|
|
Total transactions sent — Within same TARGET component — To another TARGET component — of which: —— to a euro area component — to a non-euro area component Concentration ratio in terms of volume (ratio) |
Total transactions sent — Credit transfers — of which: —— Paper-based — Non-paper-based — Direct debits — Card payments — ATM transactions — E-money transactions — Cheques — Other payment instruments Concentration ratio in terms of volume (ratio) |
Total transactions sent — Credit transfers — of which: —— Paper-based — Non-paper-based — Direct debits — Card payments — ATM transactions — E-money transactions — Cheques — Other payment instruments Concentration ratio in terms of volume (ratio) |
|
Memorandum item: Transactions received from another TARGET component |
||
|
(1) million, total for the period (2) Large value payment system |
||
TABLE 9
Payments processed by selected interbank funds transfer systems — value of transactions (1)
|
Items |
||
|
TARGET component |
Non-TARGET payment system (Refer to list of payment systems) |
|
|
LVPS (Reported separately for each LVPS 1, 2) |
Retail system (Reported separately for each retail payment system 1, 2, 3, 4) |
|
|
Total transactions sent — Within same TARGET component — To another TARGET component — of which: —— to a euro area component — to a non-euro area component Concentration ratio in terms of value (ratio) |
Total transactions sent — Credit transfers — of which: —— Paper-based — Non-paper-based — Direct debits — Card payments — ATM transactions — E-money transactions — Cheques — Other payment instruments Concentration ratio in terms of value (ratio) |
Total transactions sent — Credit transfers — of which: —— Paper-based — Non-paper-based — Direct debits — Card payments — ATM transactions — E-money transactions — Cheques — Other payment instruments Concentration ratio in terms of value (ratio) |
|
Memorandum item: Transactions received from another TARGET component |
||
|
(1) EUR million, total for the period |
||
Concentration ratio in terms of volume/value is the market share of the five largest senders of payment messages and may include a central bank, in each IFTS in terms of number/value of transactions. It is calculated as a ratio to the total number/value of transactions in the system for the year.
▼M2 —————
PART 14
Statistics on IFs' assets and liabilities
The statistical returns shall contain data for all cells in the relevant tables in this Guideline, even when they are zeros, missing or the phenomenon does not exist.
TABLE 1
Quarterly stocks and flow adjustments
|
A. Domestic |
B. Other participating Member States |
C. RoW |
D. Not allocated |
||||||||||||||||||||
|
Total |
MFIs |
Non-MFIs — Total |
Total |
MFIs |
Non-MFIs — Total |
Total |
|||||||||||||||||
|
General Gov’t |
Other residents |
General Gov’t |
Other residents |
Non-participating Member States |
US |
Japan |
|||||||||||||||||
|
Total |
Other financial intermediaries + financial auxiliaries (S.123 + S.124) |
Insurance corporations and pension funds (S.125) |
Non-financial corporations (S.11) |
Households + non-profit institutions serving households (S.14 + S.15) |
Total |
Other financial intermediaries + financial auxiliaries (S.123 + S.124) |
Insurance corporations and pension funds (S.125) |
Non-financial corporations (S.11) |
Households + non-profit institutions serving households (S.14 + S.15) |
||||||||||||||
|
ASSETS |
|||||||||||||||||||||||
|
1 Deposit and loan claims |
|||||||||||||||||||||||
|
2 Securities other than shares |
|||||||||||||||||||||||
|
o/w accrued interest |
|||||||||||||||||||||||
|
2e. Euro |
|||||||||||||||||||||||
|
up to 1 year |
|||||||||||||||||||||||
|
over 1 year and up to 2 years |
|||||||||||||||||||||||
|
over 2 years |
|||||||||||||||||||||||
|
2x. Foreign currencies |
|||||||||||||||||||||||
|
up to 1 year |
|||||||||||||||||||||||
|
over 1 year and up to 2 years |
|||||||||||||||||||||||
|
over 2 years |
|||||||||||||||||||||||
|
2t. Total currencies |
|||||||||||||||||||||||
|
up to 1 year |
|||||||||||||||||||||||
|
over 1 year and up to 2 years |
|||||||||||||||||||||||
|
over 2 years |
|||||||||||||||||||||||
|
3 Shares and other equity |
|||||||||||||||||||||||
|
o/w quoted shares, excl. IF and MMF shares/units |
|||||||||||||||||||||||
|
o/w IF and MMF shares/units |
|||||||||||||||||||||||
|
4 Financial derivatives |
|||||||||||||||||||||||
|
5 Non-financial assets (incl. fixed assets) |
|||||||||||||||||||||||
|
6 Remaining assets |
|||||||||||||||||||||||
|
o/w accrued interest on deposit and loan claims |
|||||||||||||||||||||||
|
LIABILITIES |
|||||||||||||||||||||||
|
7 Loans and deposits received |
|||||||||||||||||||||||
|
8 IF shares/units |
|||||||||||||||||||||||
|
9 Financial derivatives |
|||||||||||||||||||||||
|
10 Remaining liabilities |
|||||||||||||||||||||||
|
o/w accrued interest on loans and deposits received |
|||||||||||||||||||||||
TABLE 2
Monthly stocks and flow adjustments
|
A. Domestic |
B. Other participating Member States |
C. RoW |
D. Not allocated |
|||||
|
Total |
Total |
|||||||
|
MFIs |
Non-MFIs |
MFIs |
Non-MFIs |
|||||
|
ASSETS |
||||||||
|
1 Deposit and loan claims |
||||||||
|
2 Securities other than shares |
||||||||
|
2e. Euro |
||||||||
|
up to 1 year |
||||||||
|
over 1 and up to 2 years |
||||||||
|
over 2 years |
||||||||
|
2x. Foreign currencies |
||||||||
|
up to 1 year |
||||||||
|
over 1 and up to 2 years |
||||||||
|
over 2 years |
||||||||
|
3 Shares and other equity |
||||||||
|
of which: IF and MMF shares/units |
||||||||
|
4 Financial derivatives |
||||||||
|
5 Non-financial assets (incl. fixed assets) |
||||||||
|
6 Remaining assets |
||||||||
|
LIABILITIES |
||||||||
|
7 Loans and deposits received |
||||||||
|
9 IF shares/units |
# |
|||||||
|
10 Financial derivatives |
||||||||
|
11 Remaining liabilities |
||||||||
|
# |
Minimum data to be provided by the reporting agents to the NCBs on a monthly basis |
|||||||
TABLE 3
Monthly memorandum items
|
A. Domestic |
B. Other participating Member States |
C. RoW |
D. Not allocated |
|||||
|
Total |
Total |
|||||||
|
MFIs |
Non-MFIs |
MFIs |
Non-MFIs |
|||||
|
LIABILITIES |
||||||||
|
9 IF shares/units |
||||||||
|
9.1 Sale of IF shares/units |
||||||||
|
9.2 Redemption of IF shares/units |
||||||||
PART 15
FVC Reporting table
Table 1
Outstanding amounts and financial transactions
Data required to be provided on a quarterly basis
|
A. Domestic |
B. Other participating Member States |
C. RoW |
D. Total |
|||||||||||||||||||
|
Total |
MFIs |
Non-MFIs — Total |
Total |
MFIs |
Non-MFIs — Total |
|||||||||||||||||
|
General Gov’t |
Other residents |
General Gov’t |
Other residents |
|||||||||||||||||||
|
Total |
Other financial intermediaries + financial auxiliaries (S.123 + S.124) |
Insurance corporations and pension funds (S.125) |
Non-financial corporations (S.11) |
Households + non-profit institutions serving households (S.14 + S.15) |
Total |
Other financial intermediaries + financial auxiliaries (S.123 + S.124) |
Insurance corporations and pension funds (S.125) |
Non-financial corporations (S.11) |
Households + non-profit institutions serving households (S.14 + S.15) |
|||||||||||||
|
o/w FVCs |
o/w FVCs |
|||||||||||||||||||||
|
ASSETS |
||||||||||||||||||||||
|
1. Deposit and loan claims |
ANC |
ANC |
ANC |
ANC |
ANC |
|||||||||||||||||
|
2. Securitised loans |
ANC |
|||||||||||||||||||||
|
2a euro area MFI as originator (total maturity) |
ANC/MFI |
ANC/MFI |
ANC/MFI |
ANC/MFI |
ANC/MFI |
ANC/MFI |
ANC/MFI |
ANC/MFI |
ANC/MFI |
|||||||||||||
|
up to 1 year |
ANC/MFI |
ANC/MFI |
||||||||||||||||||||
|
over 1 year and up to 5 years |
ANC/MFI |
ANC/MFI |
||||||||||||||||||||
|
over 5 years |
ANC/MFI |
ANC/MFI |
||||||||||||||||||||
|
2b euro area General Government as originator |
ANC |
|||||||||||||||||||||
|
2c euro area OFI and ICPF as originator |
ANC |
|||||||||||||||||||||
|
2d euro area NFC as originator |
ANC |
|||||||||||||||||||||
|
2e non-euro area originator |
ANC |
|||||||||||||||||||||
|
3. Securities other than shares |
ANC |
|||||||||||||||||||||
|
up to 1 year |
NON-ANC |
NON-ANC |
NON-ANC |
NON-ANC |
NON-ANC |
NON-ANC |
NON-ANC |
|||||||||||||||
|
over 1 year and up to 2 years |
NON-ANC |
NON-ANC |
NON-ANC |
NON-ANC |
NON-ANC |
NON-ANC |
NON-ANC |
|||||||||||||||
|
over 2 years |
NON-ANC |
NON-ANC |
NON-ANC |
NON-ANC |
NON-ANC |
NON-ANC |
NON-ANC |
|||||||||||||||
|
4. Other securitised assets |
ANC |
|||||||||||||||||||||
|
4a of which euro area General Government as originator |
ANC |
|||||||||||||||||||||
|
4b of which euro area NFC as originator |
ANC |
|||||||||||||||||||||
|
5. Shares and other equity |
NON-ANC |
NON-ANC |
NON-ANC |
|||||||||||||||||||
|
6. Financial derivatives |
ANC |
|||||||||||||||||||||
|
7. Fixed assets |
NON-ANC |
|||||||||||||||||||||
|
8. Remaining assets |
NON-ANC |
|||||||||||||||||||||
|
LIABILITIES |
||||||||||||||||||||||
|
9. Loans and deposits received |
ANC |
ANC |
ANC |
|||||||||||||||||||
|
10. Debt securities issued |
||||||||||||||||||||||
|
up to 1 year |
ANC |
|||||||||||||||||||||
|
over 1 year and up to 2 years |
ANC |
|||||||||||||||||||||
|
over 2 years |
ANC |
|||||||||||||||||||||
|
11. Capital and Reserves |
ANC |
|||||||||||||||||||||
|
12. Financial derivatives |
ANC |
|||||||||||||||||||||
|
13. Remaining liabilities |
NON-ANC |
|||||||||||||||||||||
|
ANC: Anchor serie NON-ANC: Non-anchor serie ANC/MFI: Anchor series, which are partly derived from data directly collected from MFIs via Regulation (EC) No 24/2009 (ECB/2008/30) when euro area MFIs are the originators and servicers of the loans. |
||||||||||||||||||||||
Table 2
Write-offs/write-downs
Data required to be provided on a quarterly basis
|
D. Total |
|
|
ASSETS |
|
|
2 Securitised loans |
|
TABLE 3
Outstanding amounts to be exchanged between NCBs
|
Balance sheet items |
Total (1) |
A. Domestic |
B. Other participating Member States |
||||||||||||
|
Gen. Gov’t (S. 13) |
Other resident sectors |
Gen. Gov’t (S. 13) |
Other resident sectors |
||||||||||||
|
Total |
Total |
OFIs & financial auxil. (S.123 + S.124) |
Ins. corp. & pension funds (S.125) |
NFC (S.11) |
Households (S.14 + S.15) |
Total |
Total |
OFIs & financial auxil. (S.123 + S.124) |
Ins. corp. & pension funds (S.125) |
NFC (S.11) |
Households (S.14 + S.15) |
||||
|
ASSETS |
|||||||||||||||
|
Securitised loans |
|||||||||||||||
|
FVCs located in euro area country A |
|||||||||||||||
|
FVCs located in euro area country B |
|||||||||||||||
|
FVCs located in euro area country C |
|||||||||||||||
|
etc. |
|||||||||||||||
|
up to 1 year |
|||||||||||||||
|
FVCs located in euro area country A |
|||||||||||||||
|
FVCs located in euro area country B |
|||||||||||||||
|
FVCs located in euro area country C |
|||||||||||||||
|
etc. |
|||||||||||||||
|
over 1 year and up to 5 yrs |
|||||||||||||||
|
FVCs located in euro area country A |
|||||||||||||||
|
FVCs located in euro area country B |
|||||||||||||||
|
FVCs located in euro area country C |
|||||||||||||||
|
etc. |
|||||||||||||||
|
over 5 years |
|||||||||||||||
|
FVCs located in euro area country A |
|||||||||||||||
|
FVCs located in euro area country B |
|||||||||||||||
|
FVCs located in euro area country C |
|||||||||||||||
|
etc. |
|||||||||||||||
|
(1) Includes domestic area, other euro area participating Member States and rest of the world. |
|||||||||||||||
PART 16
Loans to non-financial corporations by branch of activity
NCBs either report data for individual sections in accordance with Template I or, if data is not available for individual sections, in accordance with Template II.
NCBs report amounts outstanding in respect of loans to domestic non-financial corporations (NFCs) and loans to other participating Member States’ non-financial corporations (where available) separately. All data is reported in EUR million.
|
Template I |
Template II |
||
|
1 |
A. Agriculture, forestry and fishing |
1 |
A. Agriculture, forestry and fishing |
|
2 |
B. Mining and quarrying |
2 |
B. Mining and quarrying |
|
3 |
C. Manufacturing |
3 |
C. Manufacturing |
|
4 |
D. Electricity, gas, steam and air conditioning supply |
4 |
D. Electricity, gas, steam and air conditioning supply + E. Water supply, sewerage, waste management and remediation activities |
|
5 |
E. Water supply, sewerage, waste management and remediation activities |
||
|
6 |
F. Construction |
5 |
F. Construction |
|
7 |
G. Wholesale and retail trade. Repair of motor vehicles and motorcycles |
6 |
G. Wholesale and retail trade. Repair of motor vehicles and motorcycles |
|
8 |
I. Accommodation and food service activities |
7 |
I. Accommodation and food service activities |
|
9 |
H. Transportation and storage |
8 |
H. Transportation and storage + J. Information and communication |
|
10 |
J. Information and communication |
||
|
11 |
L. Real estate activities |
9 |
L. Real estate activities + M. Professional, scientific and technical activities N. Administrative and support service activities |
|
12 |
M. Professional, scientific and technical activities |
||
|
13 |
N. Administrative and support service activities |
||
|
14 |
All remaining sections relevant for the NFCs |
10 |
All remaining sections relevant for the NFCs |
|
Note: Letters refer to the corresponding NACE Rev.2 classification. |
|||
ANNEX IV
ELECTRONIC TRANSMISSION
PART 1
Introduction
The European Central Bank (ECB) has special data exchange arrangements with the national central banks (NCBs) of the European System of Central Banks (ESCB), the Accession Country NCBs and some EU national statistical institutes (NSIs). The data exchanges use standardised platform independent messages (Gesmes/TS), including data (numeric values) and/or attributes (metadata explaining the exchanged data).
In order to exchange statistical messages, the data need to be structured according to precise ‘key families’, whose attached statistical concepts and code lists allows their content to be described adequately and unambiguously. The collection of key families, associated concepts and code lists is called structural definitions.
The ECB structural definitions provide the list of statistical concepts, code lists and key family definitions devised by the ECB and used in its Gesmes/TS statistical data exchanges. The ECB's structural definitions are stored on the European Commission website CIRCA (http://forum.europa.eu.int/Members/irc/dsis/eeg6/library, subfolder named structural definitions) and are accessible by the members of the Electronic Data Interchange (EDI) and Statistics interest group (including the members of the Working Group of Statistical Information Management — WGSIM). A local copy is generally stored at the NCBs. If this is not the case, the NCBs’ business area should contact the ECB WGSIM.
Annex IV describes in details the specifics of each data exchange between the Euro area NCBs and the ECB in the context of monetary and financial statistics. Part 2 below lists the ECB key families and related data sets in use by the ESCB. Part 3 follows with a description of the key families including the specific dimensions composing the series keys, their format and the code lists from which they take their code values. Part 4 illustrates the relationship between the series keys and their attributes, and specifies which partners are responsible for their maintenance.
PART 2
Key families and datasets
|
1. |
In the exchanged Gesmes/TS messages, statistical concepts can be used either as dimensions (in composing the ‘keys’ identifying the time series) or as attributes (providing information about the data). Coded dimensions and attributes take their values from predefined code lists. The key families define the structure of the exchanged series keys, in terms of concepts and associated code lists. In addition, they also define their relationship with the relevant attributes. The same structure can be used for several data flows, which are differentiated by the data set information. |
|
2. |
In the context of monetary and financial statistics, the ECB defined seven key families currently used for the exchange of statistics with the ESCB and other international organisations. These are linked to: — Balance sheet items (BSI), key family identifier ‘ECB_BSI1’, — Banking structural financial indicators (SSI), key family identifier ‘ECB_SSI1’, — MFI interest rates (MIR), key family identifier ‘ECB_MIR1’, — Other financial intermediaries (OFI), key family identifier ‘ECB_OFI1’, — Securities issues (SEC), key family identifier ‘ECB_SEC1’, — Payment systems (PSS), key family identifier ‘ECB_PSS1’, — Investment funds (IF), key family identifier ‘ECB_IVF1’. |
|
3. |
For each of the key families listed above, where the key family and the data set identifiers (DSI) are the same, data are exchanged. For treatment, timeliness and responsibility purposes, two sets of data following the ‘ECB_BSI’ key family have been defined and are identified at the data set level.
|
PART 3
Dimensions
The table below identifies the dimensions composing the series keys of the specific monetary and financial statistics listed in the previous part, their format and the code lists from which they take their code values.
|
Key family |
oConcept (identifier) |
Concept name |
Value format |
Code list |
Code list name |
||||||
|
BSI |
SSI |
MIR |
OFI |
SEC |
PSS |
IVF |
|||||
|
Dimension order in the key |
Dimensions |
||||||||||
|
1 |
1 |
1 |
1 |
1 |
1 |
1 |
FREQ |
Frequency |
AN1 |
CL_FREQ |
Frequency code list |
|
2 |
2 |
2 |
2 |
2 |
2 |
2 |
REF_AREA |
Reference area |
AN2 |
CL_AREA_EE |
Area code list |
|
3 |
3 |
3 |
ADJUSTMENT |
Adjustment indicator |
AN1 |
CL_ADJUSTMENT |
Adjustment indicator code list |
||||
|
4 |
3 |
BS_REP_SECTOR |
Balance sheet reference sector breakdown |
AN1 |
CL_BS_REP_SECTOR |
Balance sheet reference sector breakdown code list |
|||||
|
3 |
REF_SECTOR |
Reference sector breakdown |
AN4 |
CL_ESA95_SECTOR |
ESA 95 reference sectoral breakdown code list |
||||||
|
3 |
SEC_ISSUING SECTOR |
Securities issuing sector |
AN4 |
CL_ESA95_SECTOR |
ESA 95 reference sectoral breakdown code list |
||||||
|
3 |
PSS_INFO_TYPE |
PSS information type |
AN4 |
CL_PSS_INFO_TYPE |
Payment and settlement system information type code list |
||||||
|
4 |
PSS_INSTRUMENT |
PSS instrument |
AN3 |
CL_PSS_INSTRUMENT |
Payment and settlement system instrument code list |
||||||
|
5 |
PSS_SYSTEM |
PSS entry point |
AN4 |
CL_PSS_SYSTEM |
Payment and settlement system entry point code list |
||||||
|
6 |
DATA_TYPE_PSS |
PSS data type |
AN2 |
CL_DATA_TYPE_PSS |
Payment and settlement system data type code list |
||||||
|
4 |
OFI_REP_SECTOR |
Other financial intermediaries reporting sector |
AN2 |
CL_OFI_REP_SECTOR |
Other financial intermediaries reference sectoral breakdown code list |
||||||
|
4 |
IVF_REP_SECTOR |
Investment fund reporting sector |
AN2 |
CL_IVF_REP_SECTOR |
Investment funds reference sectoral breakdown code list |
||||||
|
4 |
SSI_INDICATOR |
Structural financial indicator |
AN3 |
CL_SSI_INDICATOR |
Structural financial indicator's code list |
||||||
|
5 |
4 |
BS_ITEM |
Balance sheet item |
AN3 |
CL_BS_ITEM |
Balance sheet item code list |
|||||
|
5 |
OFI_ITEM |
Other financial intermediaries balance sheet item |
AN3 |
CL_OFI_ITEM |
Other financial intermediaries balance sheet item code list |
||||||
|
4 |
SEC_ITEM |
Securities item |
AN6 |
CL_ESA95_ACCOUNT |
ESA 95 account code list |
||||||
|
5 |
IF_ITEM |
Investment funds assets and liabilities |
AN3 |
CL_IF_ITEM |
IF balance sheet item code list |
||||||
|
6 |
5 |
6 |
6 |
MATURITY_ORIG |
Original maturity |
AN1 |
CL_MATURITY_ORIG |
Original maturity code list |
|||
|
5 |
SEC_VALUATION |
Securities valuation |
AN1 |
CL_MUFA_VALUATION |
Valuation in MUFA context code list |
||||||
|
7 |
5 |
7 |
7 |
DATA_TYPE |
Data type |
AN1 |
CL_DATA_TYPE |
Money and banking type of data, flow and position |
|||
|
6 |
DATA_TYPE_MIR |
MIR data type |
AN1 |
CL_DATA_TYPE_MIR |
MFI interest rates data type code list |
||||||
|
6 |
DATA_TYPE_SEC |
Securities data type |
AN1 |
CL_DATA_TYPE_SEC |
Securities data type code list |
||||||
|
8 |
6 |
8 |
7 |
8 |
COUNT_AREA |
Counterpart area |
AN2 |
CL_AREA_EE |
Area code list |
||
|
7 |
AMOUNT_CAT |
Amount category |
AN1 |
CL_AMOUNT_CAT |
Amount category code list |
||||||
|
9 |
8 |
9 |
9 |
BS_COUNT_SECTOR |
Balance sheet counterpart sector |
AN4 |
CL_BS_COUNT_SECTOR |
Balance sheet counterpart sector code list |
|||
|
8 |
COUNT_SECTOR |
Counterpart sector |
AN2 |
CL_PS_COUNT_SECTOR |
Payment and settlement system receiving/acquiring sector |
||||||
|
10 |
7 |
9 |
10 |
7 |
9 |
10 |
CURRENCY_TRANS |
Currency of transaction |
AN3 |
CL_CURRENCY |
Currency code list |
|
8 |
11 |
8 |
10 |
11 |
SERIES_DENOM |
Denomination of the series or special calculation |
AN1 |
CL_SERIES_DENOM |
Denomination of the series or special calculation code list |
||
|
11 |
BS_SUFFIX |
Balance sheet suffix |
AN..3 |
CL_BS_SUFFIX |
Balance sheet suffix code list |
||||||
|
9 |
SEC_SUFFIX |
Series suffix in securities context |
AN1 |
CL_SEC_SUFFIX |
Securities suffix code list |
||||||
|
10 |
IR_BUS_COV |
Interest rates business coverage |
AN1 |
CL_IR_BUS_COV |
Interest rates business coverage code list |
||||||
Frequency. This dimension indicates the frequency of the reported time series. Data exchange specific requirements:
— for the ‘ECB_OFI1’ key family: when national data are only available at a lower frequency, i.e. half-yearly or annual, NCBs estimate quarterly data. When quarterly estimates are not feasible, data are nevertheless provided as quarterly time series, i.e. annual data are provided as yyyyQ4 and half-yearly data are provided as yyyyQ2 and yyyyQ4 with the remaining quarters either not reported or reported as missing with the observation status ‘L’,
— for the ‘ECB_SEC1’ key family: if the required monthly data are not available and no estimates can be made, then quarterly or annual data can be sent.
Reference area. This dimension relates to the country of residence of the reporting institution. In the ‘ECB_SEC1’ key family, it indicates the country of residence of the issuing sector ( 40 ).
Adjustment indicator. This dimension indicates whether a seasonal adjustment and/or a working day adjustment are applied
Balance sheet reference sector breakdown. This dimension refers to the reporting sector according to the breakdown defined in the associated code list.
Reference sector breakdown. This dimension indicates the reference sector for the structural financial indicators (in ‘ECB_SSI1’).
Securities issuing sector. This dimension refers to the sector of the securities issuers (in ‘ECB_SEC1’).
PSS information type. This dimension represents the general type of information to be provided in the context of the ‘ECB_PSS1’ key family.
PSS instrument. This dimension, used in the ‘ECB_PSS1’ key family, indicates the particular type of instrument/device used for the payment transactions, e.g. cards with a cash function or credit transfers, etc.
PSS entry point. This dimension is linked to the type of terminal or system through which the underlying payments transaction was done. For the correspondence of payment systems and PSS entry point code value, see Part 13 Annex III.
PSS data type. In the PSS context, this dimension gives the unit of measurement for the observation, i.e. whether a number or a value should be reported for the item (e.g. number of transactions per card, value of transactions per card, etc.).
Other financial intermediaries reporting sector breakdown. This dimension indicates the sector of the reporting institution within the OFI sector.
Investment funds reporting sector breakdown. This dimension indicates the sector of the reporting institution within the IF sector.
Structural financial indicator. This dimension is ‘ECB_SSI1’ key family specific and represents the type of structural financial indicator.
Balance sheet item. This dimension indicates the item of the MFI balance sheet as defined in Regulation ECB/2001/13.
Other financial intermediaries balance sheet item. This dimension indicates an item of the OFI balance sheet. OFIs concentrate on different financial activities depending on the type of institution, and not all balance sheet items apply to all types of intermediaries. Therefore, while most of the balance sheet items are common to all types of other financial intermediaries, ‘other assets’ and ‘other liabilities’ can have different definitions for different types of intermediaries. On the asset side, two different definitions are adopted for the ‘other assets’ item: (i) for all categories of OFIs except financial corporations engaged in lending (FCLs) this item includes loans; and (ii) for FCLs the item includes deposits, cash, investment fund shares, fixed assets and financial derivatives. With regards to the ‘other liabilities’ item: (i) for security and derivative dealers (SDDs) this item excludes debt securities, capital and reserves and financial derivatives; (ii) for FCLs this item includes financial derivatives; and (iii) for investment funds categories this item includes debt securities and capital and reserves.
Securities item. This dimension refers to the items taken from the list of items set up for the monetary union financial accounts (MUFA) in line with the ESA 95. It is only used for the ‘ECB_SEC1’ key family. Two instrument categories in the code list refer to ‘memorandum items’ which can be transmitted on a voluntary basis: ‘unquoted shares’ and ‘other equity’.
Investment funds assets and liabilities. This dimension relates the item of the IF's assets and liabilities as defined in Regulation ECB/2007/8.
Original maturity. For the ‘ECB_BSI1’, ‘ECB_IVF1’ and ‘ECB_OFI1’ key families, this dimension indicates the original maturity of the balance sheet item. For the ‘ECB_MIR1’ key family, this dimension indicates, for items on outstanding amounts, the breakdown by original maturity or period of notice of the deposits or loans; for items on new business, it indicates the breakdown by original maturity or period of notice in the case of deposits and the initial period of fixation in the case of loans.
Securities valuation. This dimension identifies the valuation method used for securities issues statistics, in the ‘ECB_SEC1’ key family.
Data type. This dimension describes the type of data reported in the ‘ECB_BSI1’, ‘ECB_SSI1’, ‘ECB_OFI1’ and ‘ECB_IVF1’ key families.
MIR data type. In the ‘ECB_MIR1’ key family, this dimension distinguishes MFI interest rates statistics from those relating to the volumes of new business or outstanding amounts.
Securities data type. This dimension indicates the type of data contained within the securities issues statistics in the ‘ECB_SEC1’ key family. Net issues are only provided if issues and redemptions cannot be separately identified.
Counterpart area. This dimension gives the area of residence of the counterpart of the relevant item.
Amount category. This dimension gives the category of the amount of new loans to non-financial corporations; new loans are also reported according to their size. It is only relevant for the ‘ECB_MIR1’ key family.
Balance sheet counterpart sector. This dimension is linked to the sectoral breakdown of the counterpart of balance sheet items.
Counterpart sector. This dimension, defined in the ‘ECB_PSS1’ key family, represents the sector breakdown of the type of beneficiary (counterpart) involved in the payment transaction.
Currency of transaction. This dimension describes the currency in which the following are denominated: (i) the MFI balance sheet items (for the ‘ECB_BSI1’ key family); (ii) the structural financial indicators (for the ‘ECB_SSI1’ key family); (iii) the deposits and loans (for the ‘ECB_MIR1’ key family); (iv) the IF assets and liabilities (for the ‘ECB_IVF1’ key family); (v) the payments transaction (for the ‘ECB_PSS1’ key family); and (vi) the OFI balance sheet items (for the ‘ECB_OFI1’ key family), or in which the securities are issued (for the ‘ECB_SEC1’ key family).
Denomination of the series or special calculation. This dimension indicates the currency of denomination in which the observations within a time series are expressed or specifies the underlying calculation.
Balance sheet suffix. This dimension, present in the ‘ECB_BSI1’ key family, gives the currency of denomination in which the observations within a time series are expressed or specifies the underlying calculation.
Series suffix in securities context. This dimension contains supplementary data types for derived series. It is only used for the ‘ECB_SEC1’ key family.
Interest rate business coverage. This dimension, ‘ECB_MIR1’ key family specific, indicates whether the MFI interest rates statistics refer to outstanding amounts or to a new business.
PART 4
Attributes
The sections below explain in detail the attributed associated with the exchanged data. Section 1 concentrates on the definition of the attributes per key family including their format and their attachment level. Section 2 shows the responsibility of the ESCB data exchange partners in the creation of attributes and maintenance as well as their status. Finally sections 3, 4 and 5 focus on the content of the attributes sorted by attachment level, respectively the sibling, time series and observation level.
Section 1: Coded and uncoded attributes defined in the ECB_BSI1, ECB_SSI1, ECB_MIR1, ECB_OFI1, ECB_SEC1, ECB_IVF1, and ECB_PSS1 key families
In addition to the dimensions defining the series keys, a set of attributes is defined. The attributes are attached at various levels of the exchanged information: at sibling level, time series level or observation level. As illustrated below, they either take their value from pre-defined lists of codes or are uncoded, and are used to add textual explanations on relevant data aspects.
Attribute values are exchanged only when they are set for the first time and whenever they change with the exception of those mandatory attributes attached at observation level, which are attached to each observation and reported at every data transmission.
The table below provides information on the attributes defined for each key family under consideration, on the level at which they are attached, their format and the name of the code lists from which coded attributes take their values.
|
Key families |
Statistical concept |
Format (1) |
Code list |
||||||||
|
BSI |
SSI |
MIR |
OFI |
SEC |
PSS |
IVF |
ATTRIBUTES AT SIBLING LEVEL |
(exchanged using the FNS group) |
|||
|
√ |
√ |
√ |
√ |
√ |
TITLE |
Title |
AN..70 |
uncoded |
|||
|
√ |
√ |
√ |
√ |
√ |
√ |
√ |
UNIT |
Unit |
AN..12 |
CL_UNIT |
Unit code list |
|
√ |
√ |
√ |
√ |
√ |
√ |
√ |
UNIT_MULT |
Unit multiplier |
AN..2 |
CL_UNIT_MULT |
Unit multiplier code list |
|
√ |
√ |
√ |
√ |
√ |
√ |
√ |
DECIMALS |
Decimals |
N1 |
CL_DECIMALS |
Decimals code list |
|
√ |
√ |
√ |
√ |
√ |
√ |
√ |
TITLE_COMPL |
Title complement |
AN..1050 |
uncoded |
|
|
√ |
√ |
√ |
√ |
√ |
√ |
√ |
NAT_TITLE |
National language title |
AN..350 |
uncoded |
|
|
√ |
√ |
√ |
√ |
√ |
√ |
√ |
COMPILATION |
Compilation |
AN..1050 |
uncoded |
|
|
√ |
√ |
√ |
√ |
√ |
COVERAGE |
Coverage |
AN..350 |
uncoded |
|||
|
√ |
√ |
√ |
√ |
√ |
√ |
√ |
SOURCE_AGENCY |
Source agency |
AN3 |
CL_ORGANISATION |
Organisation code list |
|
√ |
METHOD_REF |
Methodology reference |
AN..1050 |
uncoded |
|||||||
|
ATTRIBUTES AT TIME SERIES LEVEL |
(exchanged using the FNS group) |
||||||||||
|
√ |
√ |
√ |
√ |
√ |
√ |
√ |
COLLECTION |
Collection indicator |
AN1 |
CL_COLLECTION |
Collection indicator code list |
|
√ |
√ |
√ |
√ |
√ |
√ |
√ |
DOM_SER_IDS |
Domestic series identifier |
AN..70 |
uncoded |
|
|
√ |
√ |
√ |
√ |
√ |
√ |
√ |
BREAKS |
Breaks |
AN..350 |
uncoded |
|
|
√ |
UNIT_INDEX_BASE |
Unit index base |
AN..35 |
uncoded |
|||||||
|
√ |
√ |
√ |
√ |
√ |
√ |
√ |
PUBL_PUBLIC |
Source publication |
AN..1050 |
uncoded |
|
|
√ |
√ |
√ |
√ |
√ |
√ |
√ |
PUBL_MU |
Source publication (Euro area only) |
AN..1050 |
uncoded |
|
|
√ |
√ |
√ |
√ |
√ |
√ |
√ |
PUBL_ECB |
Source publication (ECB only) |
AN..1050 |
uncoded |
|
|
ATTRIBUTES AT OBSERVATION LEVEL |
(exchanged together with the data in the main ARR segment except for OBS_COM exchanged within the FNS group) |
||||||||||
|
√ |
√ |
√ |
√ |
√ |
√ |
√ |
OBS_STATUS |
Observation status |
AN1 |
CL_OBS_STATUS |
Observation status code list |
|
√ |
√ |
√ |
√ |
√ |
√ |
√ |
OBS_CONF |
Observation confidentiality |
AN1 |
CL_OBS_CONF |
Observation confidentiality code list |
|
√ |
√ |
√ |
√ |
√ |
√ |
√ |
OBS_PRE_BREAK |
Pre-break observation value |
AN..15 |
uncoded |
|
|
√ |
√ |
√ |
√ |
√ |
√ |
√ |
OBS_COM |
Observation comment |
AN..1050 |
uncoded |
|
|
(1) This indicates the number of letters/digits allowed for the transmission of each attribute (e.g. AN..1050 means a string alpha-numeric up to 1050-characters long, AN1 means one alpha-numeric character, while N1 means 1 digit). |
|||||||||||
Section 2: Common attributes properties for the ECB_BSI1, ECB_SSI1, ECB_MIR1, ECB_OFI1, ECB_SEC1, ECB_IVF1 and ECB_PSS1: NCBs reporting to the ECB ( 41 )
Each attribute is characterised by certain technical properties, which are listed in the table below.
|
Status |
First value set, stored and disseminated by … (3) |
Modifiable by NCBs |
|
|
TITLE_COMPL |
M |
ECB |
No (1) |
|
NAT_TITLE |
C |
NCB |
Yes |
|
COMPILATION |
C |
NCB |
Yes (2) |
|
COVERAGE (not BSI) |
C |
NCB |
Yes (2) |
|
METHOD_REF |
M |
NCB |
Yes |
|
DOM_SER_IDS (4) |
C |
NCB |
Yes |
|
BREAKS |
C |
NCB |
Yes |
|
OBS_STATUS |
M |
NCB |
Yes |
|
OBS_CONF |
C |
NCB |
Yes |
|
OBS_PRE_BREAK |
C |
NCB |
Yes |
|
OBS_COM |
C |
NCB |
Yes |
|
M: Mandatory, C: Conditional |
|||
|
(1) If an NCB would like to make a modification, it needs to consult with the ECB, which will then implement the change. (2) Changes are communicated to the responsible ECB business area by fax/e-mail. (3) ECB refers here to the ECB Directorate General Statistics. (4) The ECB recommends that the NCBs deliver these values to ensure more transparent communications. |
|||
The definition of a set of attributes to be exchanged together with the data allows for additional information on the time series exchanged to be provided. Details of the information provided by the attributes for the ECB statistical key families under consideration are reported below.
Section 3: Attributes at sibling level
Mandatory
TITLE_COMPL (Title complement). This attribute allows a larger number of characters than the attribute TITLE and for this reason replaces TITLE as the mandatory attribute to store the title of the series.
UNIT (Unit)
|
BSI |
For euro area Member States: EUR |
|
SSI |
For euro area Member States: EUR For series reported as absolute values and for indices: PURE_NUMB For the series reported as percentages: PCT |
|
OFI |
For euro area Member States: EUR |
|
MIR |
For business volumes: EUR For interest rates: PCPA |
|
SEC |
For euro area Member States: EUR |
|
PSS |
For series on original units (Annex III, Part 13, Tables 4, 5, 7 and 8) and series on concentration ratios (Annex III, Part 13, Tables 8 and 9): PURE_NUMB For series on value of transactions on TARGET2 (Annex III, Part 13, Table 8): EUR For series on value of transactions by participating Member States (Annex III, Part 13, Tables 6 and 9): EUR |
|
IVF |
For euro area Member States: EUR |
UNIT_MULT (Unit multiplier)
|
BSI |
6 |
|
SSI |
0 |
|
OFI |
6 |
|
MIR (1) |
For business volumes: 6 For interest rates: 0 |
|
SEC |
6 |
|
PSS |
For series on original units except series on transactions (Annex III, Part 13, tables 4 and 7): 0 For series on transactions (Annex III, Part 13, tables 5, 6, 8 and 9, except concentration ratios):6 For series on concentration ratios (Annex III, Part 13, tables 8 and 9): 0 |
|
IVF |
6 |
|
(1) Interest rates data are submitted as percentages. |
|
DECIMALS (Decimals)
|
BSI |
0 |
|
SSI |
For absolute values: 0 For index series and percentages: 4 |
|
OFI |
0 |
|
MIR |
For business volumes: 0 For interest rates: 4 |
|
SEC |
0 |
|
PSS |
Series on original units, except on transactions and concentration ratios (Annex III, Part 13, tables 4 and 7): 0 Series on transactions and concentration ratios (Annex III, Part 13, tables 5, 6, 8 and 9): 3 |
|
IVF |
0 |
METHOD_REF (Methodology reference,). This attribute is only used for the PSS key family and indicates whether, for each time series or for part of it, the 2005 ‘enhanced’ definition or a previous definition is used. Two values are defined:
|
PSS |
The ‘enhanced’ definitions as implemented in the year 2005 are used: ‘2005’. Definitions indicated in previous years (2004 or earlier) are used: ‘Previous’. |
The attribute should also indicate the period for which each definition applies. For example ‘2005 definitions for the whole series’, ‘2005 definitions as from data referred to 2003, previous definitions for the rest’, or ‘previous definitions up to data referred to 2004’.
Conditional
NAT_TITLE (National language title). NCBs may use the NAT_TITLE attribute in order to provide a precise description and other supplementary or distinguishing specifications in their national language. Although the use of upper and lower case letters does not cause problems, NCBs are asked to limit themselves to the Latin-1 character set. In general, the exchange of accented characters and extended alphanumeric symbols needs to be tested before regular use.
COMPILATION (Compilation). For the BSI, IVF and MIR key families this attribute may be used for further textual explanation of the compilation methods, weighting schemes and statistical procedures used to compile the underlying series, particularly if they diverge from the ECB rules and standards. In general, the structure of the required national explanatory notes is the following:
— data sources/data collection system,
— compilation procedures (including description of estimates/assumptions made),
— deviations from the ECB's reporting instructions (geographical/sectoral classification and/or valuation methods),
— information relating to the national legal framework.
For the SSI key family, the attribute ‘compilation’ includes information on links to the EU regulatory framework for intermediaries other than credit institutions.
For the OFI key family, a detailed description of the information to be included under this attribute is provided in points 1-5 of the national explanatory notes (Annex III, Part 11).
Similarly, for the SEC key family, a detailed description of the information to be inserted under this attribute is provided in points 1, 2, 4, 5, 8, 9 and 10 of the national explanatory notes (Annex III, Part 12).
COVERAGE (Coverage)
|
Information on |
Notes |
|
|
SSI |
— coverage of different categories of intermediaries — type of intermediary for the different indicators |
— whether estimation was used in case of partial coverage — indication of grossing up (if any) |
|
OFI |
— coverage of total assets/liabilities series — type of OFIs covered in the main categories |
— whether estimation was used in case of partial coverage — indication of grossing up (if any) — refer also to Part 11 of Annex III (national explanatory notes, point 6) |
|
MIR |
— stratification criteria, selection procedure (equal probability/probability proportional to size/selection of biggest institutions) in case of sampling |
|
|
SEC |
— classification of issues |
— refer also to Part 12 of Annex III, Section 2 (Point 4) and Section 3 (Point 6) |
SOURCE_AGENCY (Source agency). This attribute will be set by the ECB to a value representing the name of the NCB providing the data.
Section 4: Attributes at time series level
Mandatory
COLLECTION (Collection indicator). This attribute provides information on the period or the point in time at which a time series is measured (e.g. beginning, middle or end of period) or an indication of whether data are averages.
|
BSI |
For outstanding amounts: end-of-period (E) For flows series: sum of observations through the period (S) |
|
SSI |
End-of-period (E) |
|
OFI |
For outstanding amounts: end-of-period (E) For flows series: sum of observations through the period (S) |
|
MIR |
For interest rates on outstanding amounts: end-of-period (E) For interest rates on new business: average of observations through the period (A) For business volumes on outstanding amounts: end-of-period (E) For the new business volumes: sum of (grossed up) observations through the period (S) |
|
SEC: |
For outstanding amounts: End-of-period (E) For flows series: sum of observations through the period (S) |
|
PSS |
For outstanding amounts (Annex III, Part 13, tables 4 and 7 and concentration ratios): end-of-period (E) For transactions (Annex III, Part 13, tables 5, 6, 8 and 9, except concentration ratios): sum of observations through the period (S) |
|
IVF |
For outstanding amounts: end-of-period (E) For flows series: sum of observations through the period (S) |
Conditional
DOM_SER_IDS (Domestic series identifier). This attribute makes it possible to refer to the code used in national databases to identify the corresponding series (formulae using national reference codes can also be specified).
UNIT_INDEX_BASE (Unit index base). This attribute is mandatory when associated to a series key that expresses an index. It indicates the base reference and the base value for the indices and is only used for the series of the index of notional stocks derived by the ECB and disseminated to the ESCB. For this purpose it was initially set by the ECB to ‘Index Dec98=100’ and was changed to ‘Index Dec01=100’ when the ECB disseminated the October 2002 data.
BREAKS (Breaks). This attribute provides a description of breaks and major changes over time in the collection, reporting coverage and compilation of the series. In the case of breaks, state the extent to which old and new data may be considered comparable, where possible.
PUBL_PUBLIC, PUBL_MU, PUBL_ECB (Source publication, Source publication (Euro area only), Source publication (ECB only)). These attributes will be set by the ECB if the data are published in ECB publications, in either ECB public or ECB confidential publications. They give a reference (i.e. publications, items, etc.) to published data.
Section 5: Attributes at observation level
If an NCB wishes to revise an attribute assigned at the observation level, the respective observation(s) must be re-submitted at the same time. If an NCB revises an observation without also providing the relevant attribute value, the existing values will be replaced by the default values.
Mandatory
OBS_STATUS (Observation status). NCBs report an observation status value attached to each exchanged observation. This attribute is mandatory and must be provided with every data transmission for each individual observation. When NCBs revise the value of this attribute, both the observation value (even if unchanged) and the new observation status flag should be retransmitted.
The list below specifies the expected values for this attribute, according to the agreed hierarchy, for the purpose of these statistics:
|
‘A’ |
= |
normal value (default for non-missing observations), |
|
‘B’ |
= |
break value for the following key families: SSI, MIR, OFI and PSS ( 42 ), |
|
‘M’ |
= |
missing value, data do not exist, |
|
‘L’ |
= |
missing value, data exist but were not collected, |
|
‘E’ |
= |
estimated value ( 43 ), |
|
‘P’ |
= |
provisional value (this value can be used, in each data transmission, with reference to the last available observation, if this is considered provisional). |
In normal circumstances, numeric values should be reported with the observation status ‘A’ (normal value) attached. Otherwise, a value different from ‘A’ is given according to the list above. If an observation is qualified by two characteristics, the most important is reported, according to the hierarchy shown above.
In each data transmission, the most recent available observations can be reported as provisional, and flagged with observation status value ‘P’, if these are considered provisional. These observations take definite values and are reported with observation status flags ‘A’, at a later stage when the new revised values and observation status flags overwrite the provisional ones.
Missing values (‘-’) are reported when it is not possible to report a numeric value (e.g. owing to non-existent data or because data are not collected). A missing observation should never be reported as a ‘zero’, since zero is a normal numeric value that indicates a precise and valid amount. If NCBs are unable to identify the reason for a missing value or if they cannot use the whole range of values presented in the CL_OBS_STATUS code list for reporting missing observations (‘L’ or ‘M’), the value ‘M’ should be used.
— When, due to local statistical conditions, data for a time series are not collected either on specific dates or for the total length of the time series (the underlying economic phenomenon exists, but is not monitored statistically), a missing value is reported (‘-’) with observation status ‘L’ for each period,
— When, due to local market practices or to the legal/economic framework, a time series (or part of it) is not applicable (the underlying phenomenon does not exist), a missing value is reported (‘-’) with observation status ‘M’.
Conditional
OBS_CONF (Observation confidentiality). NCBs report an observation confidentiality value attached to each exchanged observation. While this attribute is defined as conditional in the ECB structural definition file, it should be provided at every data transmission for each individual observation, as each confidential observation must be appropriately flagged. When NCBs revise the value of this attribute, both the associated observation value and the observation status flag (even if unchanged) should be retransmitted.
The list below specifies the expected values for this attribute for the purpose of these statistics:
|
‘F’ |
= |
free for publication, |
|
‘N’ |
= |
not for publication, restricted for internal use only, |
|
‘C’ |
= |
confidential statistical information in the sense of Article 8 of Council Regulation (EC) No 2533/98, |
|
‘S’ |
= |
secondary confidentiality set and managed by the receiver, not for publication, |
|
‘D’ |
= |
secondary confidentiality set by the sender, not for publication. This code can be used by the NCBs that already differentiate between primary and secondary confidentiality in their reporting system. If not, the reporting NCB must use ‘C’ for flagging the secondary confidentiality. |
OBS_PRE_BREAK (Pre-break observation value). This attribute contains the pre-break observation value, which is a numeric field like the observation ( 44 ). In general, it is provided when a break occurs; in this case the observation status must be set to ‘B’ (break value).
For the purpose of the BSI, IVF and OFI key family, this attribute is not requested since this information is already available from the reclassification series. It has been added to the list of attributes since it is part of the common subset of attributes for all key families.
OBS_COM (Observation comment). This attribute can be used to provide textual comments at the observation level (e.g. describing the estimate made for a specific observation due to lack of data, explaining the reason for a possible abnormal observation or giving details of a change in the reported time series).
ANNEX V
FLOW ADJUSTMENTS IN THE CONTEXT OF BSI AND IF STATISTICS
PART 1
Framework and general description of the adjustment procedure
Section 1: Framework
1. The framework to obtain flow statistics for MFI balance sheet items (BSI) and investment funds (IF) assets and liabilities statistics is based on the ESA 95 ( 45 ). Deviations from this international standard are made to both the data content and statistical concept denominations, where necessary. This Annex is interpreted according to the ESA 95, unless Regulation ECB/2001/13 of 22 November 2001 concerning the consolidated balance sheet of the monetary financial institutions sector, Regulation ECB/2007/8 of 27 July 2007 concerning statistics on the assets and liabilities of investment funds or this Guideline, explicitly or implicitly, overrides its provisions.
2. In the context of BSI and IF statistics, flow data are measured in terms of financial transactions. Financial transactions are defined as the net acquisition of financial assets or the net incurrence of liabilities for each type of financial instrument, i.e. the sum of all financial transactions that occur during the relevant reporting period ( 46 ). Flow data covering each item specified in Regulation ECB/2001/13 and Regulation ECB/2007/8 are calculated on a net basis, i.e. there is no requirement to identify gross financial transactions or turnover ( 47 ). The method of valuation for each transaction is to take the value at which assets are acquired/disposed of and/or liabilities are created, liquidated or exchanged. Nevertheless, Regulation ECB/2001/13 and Regulation ECB/2007/8 permit deviations from ESA as regards flows in respect of the concept of financial transactions.
Section 2: Calculation of flows data by the ECB and reporting of adjustment data from the NCBs to the ECB
1. Introduction
1. The European Central Bank (ECB) calculates flows data by taking, for each asset and liability item, the difference between stock positions at end-period reporting dates and then removing the effect of developments that are not the result of transactions, i.e. ‘other changes’. ‘Other changes’ are grouped into two main categories ‘reclassifications and other adjustments’ and ‘revaluation adjustments’ ( 48 ).
2. National central banks (NCBs) report ‘reclassification and other adjustments’ and ‘revaluation adjustments’ to the ECB so that these non-transaction effects can be removed in the calculation of flow statistics.
In the case of BSI statistics, NCBs report adjustment data to the ECB in accordance with Part 1 of Annex III. The ‘revaluation adjustments’ reported by the NCBs consist of write-offs/write-downs of loans and revaluation adjustments due to price changes. Revaluation adjustments due to exchange rate changes are calculated by the ECB ( 49 ).
In the case of IF statistics, NCBs report adjustment data to the ECB in accordance with Part 14 of Annex III. The ‘revaluations adjustments’ reported by the NCBs consist of revaluation adjustments due to price and exchange rate changes.
2. Reclassifications and other adjustments
1. NCBs compile data on ‘reclassifications and other adjustments’, as requested by this Guideline, using supervisory information, plausibility checks, ad hoc enquiries (e.g. related to outliers), national statistical requirements, information on joiners and leavers of the reporting population and any other source available to them. The ECB is not expected to make ex post adjustments unless the NCBs identify sharp changes in the final data.
2. NCBs identify changes in stocks that are due to reclassifications and enter the net amount identified under ‘reclassifications and other adjustments’. A net increase in stocks due to reclassifications is entered with a positive sign, a net decrease in stocks with a negative sign.
3. In principle, the NCBs send all ‘reclassifications and other adjustments’. As a minimum, the NCBs send all ‘reclassifications and other adjustments’ above EUR 50 million. This threshold is intended to help the NCBs decide whether to make an adjustment or not. However, when information is not readily available or of a poor quality, a decision can be made either to do nothing or to make estimates. For this reason, flexibility is needed in the operation of such a threshold, not least because of the heterogeneity of existing procedures for calculating adjustments. For example, where relatively detailed information is collected regardless of the threshold, it may be counterproductive to try to apply such a threshold.
3. Revaluation adjustments
1. In order to derive ‘revaluation adjustments’, NCBs may need to calculate the adjustments from transactions, security-by-security data or other data reported by the reporting population and/or estimate the adjustments in respect of some of the breakdowns not reported by the reporting population because they are not considered as ‘minimum requirements’.
2. The ‘revaluation adjustments’ are compiled by NCBs on the basis of data reported by the reporting populations according to Regulation ECB/2001/13 for BSI statistics and Regulation ECB/2007/8 for IF statistics. Reporting agents are subject to minimum reporting requirements, which ensure the minimum required in order to compile and estimate adjustments in respect of the full set of data required by the ECB. NCBs are permitted to collect additional data from reporting agents. In any case, the NCBs are required to submit a full set of data to the ECB according to Part 1 of Annex III for BSI statistics and Part 14 of Annex III for IF statistics.
PART 2
Detailed description of flow adjustments
Section 1: Reclassifications and other adjustments
1. Changes in the composition of the reporting sector
1. Changes in the composition of the reporting sector may give rise to the transfer of business across economic sector boundaries. Such transfers do not represent transactions and are therefore treated as an adjustment in ‘reclassifications and other adjustments’.
2. An institution that joins the reporting sector may transfer business into the sector, whereas an institution leaving the reporting sector may transfer business out of the sector. However, to the extent that the joining institution starts its business ex novo after having joined the reporting sector, this represents a transaction flow that is not removed from the statistical flow ( 50 ). Similarly, where a leaving institution decreases its activities prior to leaving the reporting sector, this is captured in the statistical flow.
3. The impact of a transfer of a business into/out of the reporting sector on the asset and liability items depends, inter alia, on whether there is full reporting or ‘tail’ reporting by some reporting agents. Where all reporting agents are subject to full reporting, i.e. there is no ‘tail’, an institution joining the reporting sector reports its first data after a suitable interval, usually at the end of the month in which it joins or at the next end-quarter. Similarly, the data of an institution leaving the reporting sector is removed at the time of its departure, to coincide with the last reported data. To the extent that the first/last assets and liabilities reported are transferred into/out of the reporting sector, an adjustment may be made in the reporting period in which this transfer occurs. Where institutions join or leave as reporters in the reporting ‘tail’, the impact on the asset and liability items depends on the grossing-up procedure that is used.
4. Most of the information needed to make an adjustment for changes in statistical coverage is usually available from within the statistical reporting system. However, it may be necessary for the NCBs to collect ad hoc information from institutions entering the reporting sector in order to determine whether the first reported assets and liabilities have been transferred from outside the reporting sector or built up after entry. Similar information is collected from those institutions leaving the reporting sector.
5. The net effect of the joiners or leavers on the aggregated assets and liabilities of the reporting sector is calculated by aggregating the first assets and liabilities reported by new entrants and the last assets and liabilities reported by the leavers and, for each item, taking the difference between the two. This net figure is entered under ‘reclassifications and other adjustments’. In certain circumstances there can be an effect on the counterparties’ reporting, so this effect must also be included in the adjustments, in this case as a change in sector. For instance, if an MFI surrenders its authorisation but continues to operate as an OFI funded through the interbank market, then there is an artificial rise in MFI lending to OFIs, which requires an adjustment (covered by ‘changes in the classification of counterparty sector’).
6. Changes in the investment policy of an IF, including money market fund (MMF), are possible in the EU Member States. Any change in investment policy has to be agreed by and communicated to the investors prior to a change. The communication channels include letters, advertisements in newspapers, the general meeting of the shareholders, etc. If an investor takes no action, the investor is considered to have given their implicit approval to the fund’s change in investment policy. This means that unilateral changes in investment policy are not possible in the EU. Therefore, the fact that investors stay with a fund after a policy change, is regarded as the conscious decision of these investors to amend their portfolio allocation from one sector (MFIs) to another (IFs) or from one fund type to another (within IFs). In statistical terms, the situation is the same as an investor withdrawing money from one fund and investing into another fund. Both situations are treated in the same way, i.e. as genuine financial transactions where reclassification adjustments are not reported. Hence, the default is that a change in a fund’s investment policy, covering both MMFs in BSI statistics and IF statistics, is recorded as a financial transaction. An NCB may deviate from this default and report a reclassification adjustment only if it has ex ante information that the policy change was not due to a conscious decision made by the investors.
2. Changes in structure
1. A change in structure is the appearance and disappearance of certain financial assets and liabilities arising from restructuring. It typically refers to mergers, acquisitions and divisions. When a reporting institution disappears because it is absorbed by one or more other reporting institutions, all financial assets and liabilities that existed between that reporting institution and those that absorbed it disappear from the system.
2. The information source by which to identify these adjustments are the final assets and liabilities reported by the old institutions and the first assets and liabilities reported by the new institutions.
3. The NCBs identify the outstanding balances between the institutions that are restructured. These amounts are created or netted due to the merger, acquisition or division and are not real transactions. Therefore, they are considered as ‘reclassifications and other adjustments’. Revaluation effects can be associated with changes in structure and are compiled separately.
4. For a complete analysis of changes in structure, together with other developments arising from mergers, acquisitions and splits, see Appendix 1.
3. Reclassification of assets and liabilities
1. A change, for example, in the sector or instrument classification of their counterparties leads reporting agents to reclassify asset/liability items vis-à-vis these counterparties. Such reclassification results in a change in the reported stock position in the period in which the transfer takes place. As this change is a book-entry transfer of business between sectors and instrument classes and does not represent a transaction, an adjustment must be introduced to remove its impact from the flow statistics.
2. Changes in classification occur for a number of reasons. A change in the sectoral classification of counterparties may occur because a public sector body is transferred to the private sector or because mergers/de-mergers alter the principal activity of corporations.
3. It may be difficult for NCBs to identify the reclassification of assets and liabilities because they are normally indistinguishable from other movements within the assets and liabilities. In view of this, the NCBs focus on identifying changes through the reported assets and liabilities, i.e. plausibility checking, or by using supervisory information, ad hoc additional information (e.g. related to outliers), national statistical requirements, information on reporting population joiners and leavers, and any other available sources. Where potential changes due to reclassifications have been identified, reporting agents are asked for ad hoc information on the precise impact on the reported balance sheet. As reclassifications are usually identified outside of the standard reporting network, it is accepted that NCBs focus on removing significant changes.
4. Adjustments of reporting errors
Within the limits defined by the revision policy, NCBs correct reporting errors in the stock data as soon as the errors are identified. Ideally, the corrections entirely remove the error from the data, especially where the error affects a single period or a limited time range. In these circumstances, no break in series occurs. However, where the error affects historical data and no correction of past data is made or is made only for a limited time range, then a break occurs between the first period with the corrected figure and the last period containing the incorrect figure. In this case, NCBs identify the size of the break that occurs and enter an adjustment under ‘reclassifications and other adjustments’.
Section 2: Revaluation adjustments
1. Write-offs/write-downs of loans
The adjustment for ‘write-offs/write-downs’ refers to the impact of changes in the value of loans recorded on the balance sheet that are caused by the application of write-offs/write-downs of loans. This adjustment also reflects the changes in the level of loan-loss provisions, if an NCB decides that the outstanding stocks are recorded net of provisions. Write-offs recognised at the time the loans are sold or transferred to a third party are also included, where identifiable.
2. Revaluation adjustments due to price changes
1. The adjustment of the price revaluation of assets and liabilities refers to fluctuations in the valuation of assets and liabilities that arise because of a change in the price at which assets and liabilities are recorded or traded. The adjustment includes the changes that occur over time in the value of end-period stocks because of changes in the reference value at which they are recorded, i.e. holding gains/losses. It may also contain valuation changes that arise from transactions in assets/liabilities, i.e. realised gains/losses; however, there are divergent national practices in this respect.
2. The nature and extent of ‘revaluation adjustments’ are determined by the adopted method of valuation. Although it is recommended that both sides of the balance sheet are recorded at market value, in practice, a variety of different valuation methods may be employed on both the liabilities and the assets sides. This is acceptable as long as the book value does not diverge significantly from the market value.
Section 3: Revaluation adjustments due to exchange rate changes
1. For the purposes of submitting statistical data to the ECB, the NCBs ensure that asset and liability positions denominated in foreign currencies are translated into euro using the market exchange rate on the last day of the period. The ECB reference exchange rate is the common rate that is used ( 51 ).
2. Movements in exchange rates against the euro that occur between end-period reporting dates give rise to changes in the value of foreign currency assets and liabilities when expressed in euro. As these changes represent holding gains/losses and are not due to financial transactions, these effects need to be removed from the flow data. Revaluation adjustments due to exchange rate changes may also contain changes that arise from transactions in assets/liabilities, i.e. realised gains/losses; however, there are divergent national practices in this respect.
PART 3
BSI statistics — flow adjustments
Section 1: Introduction
1. In the case of BSI statistics, each NCB submits separate adjustment data covering its own balance sheet and the other MFIs’ balance sheet. Adjustments to the ECB balance sheet are also internally compiled by the ECB Directorate Internal Finance. The NCBs submit adjustments for all items on the MFIs balance sheet according to the frequency indicated in Article 3 (2) of this Guideline. In this process, NCBs may need to calculate and/or estimate adjustments for some of the breakdowns not reported by the MFIs because they are not considered ‘minimum requirements’ in Regulation ECB/2001/13, Annex I, Part 2, Table 1A. Part 1 of Annex III of this Guideline indicates whether only ‘reclassifications and other adjustments’ or also ‘revaluation adjustments’ need to be submitted to the ECB.
The adjustments for movements in exchange rates are calculated by the ECB. For this reason, adjustments provided by the NCBs in respect of balances denominated in foreign currencies exclude the effect of changes due to the exchange rate.
2. Flow adjustments are subject to the same double-entry accounting system as stocks. In all cases, adjustments have a counterpart which, in many cases, is likely to be ‘capital and reserves’ or ‘remaining liabilities’, depending on the operation or the national accounting rules.
3. In principle, the following guidance is given for the transaction values of deposits/loans and securities. The transaction value of deposits/loans excludes fees, etc ( 52 ). The transaction value of a deposit/loan excludes accrued interest that is receivable/payable but has not yet been received or paid. Instead, accrued interest on deposits/loans is recorded under ‘remaining assets’ or ‘remaining liabilities’, as appropriate. The transaction value of securities held and issued is consistent with the principles on the recording and reporting of stocks according to Regulation ECB/2001/13. No rule is contained in the aforementioned Regulation on the classification of accrued interest of securities. This can imply the inclusion/exclusion of accrued interest on the stock data compiled on securities. To harmonise treatment across countries, and considering that to distinguish between accrued interest and price changes is a crucial problem and that some conceptual problems may arise with regard to the definition of interest rates on negotiable instruments, a flexible and simple rule is applied, as follows:
(a) if accrued interest is intrinsic to the accounting price as it is reported in the statistical balance sheet, it is excluded from the transaction value and, instead, indistinguishably included within ‘revaluation adjustments’;
(b) if accrued interest is excluded from the stock value of the securities to which it relates in the statistical balance sheet, it is to be classified under ‘remaining assets’ or ‘remaining liabilities’ as appropriate and therefore not considered when calculating flows or revaluation adjustments ( 53 ).
Section 2: Revaluation adjustments
1. Write-offs/write-downs
1. In allocating adjustments to the corresponding maturity band and counterparty sector, NCBs take into account the accounting rules regarding bad loans (e.g. the allocation of bad loans to a certain maturity band) and the relative credit risk of each sector.
2. Where there is insufficient information to allocate the adjustment, it may be broken down into Regulation ECB/2001/13 categories on a pro rata basis determined by the size of the stock positions.
3. Cells marked as ‘minimum’ in Regulation ECB/2001/13 are reported to the ECB, even if they are not directly compiled because the NCB collects more detailed information on write-offs/write-downs. In such a case, the minimum cells are calculated as the sum of the components.
4. Write-downs that occur at the time when a loan is securitised and write-downs/write-offs on serviced loans are reported to the ECB on a best effort basis in accordance with Table 3 ( 54 ).
2. Price revaluation of securities
1. Price revaluations affect only a limited range of balance sheet items: on the liabilities side, the item ‘debt securities issued’ and, on the assets side, ‘securities other than shares’ and ‘shares and other equity’ and their counterparts which are mainly ‘capital and reserves’ and ‘remaining liabilities’. Deposits and loans have fixed nominal values and are therefore not subject to price changes.
2. On the liabilities side of the balance sheet, revaluations may also be reported for debt securities issued. However, no change in MFI reporting obligations is introduced in this respect, as price revaluation of debt securities issued remains outside the ‘minimum requirements’ set out in Regulation ECB/2001/13.
3. On the assets side of the balance sheet, holdings of securities may be recorded using market price, purchase price, the lower of market or purchase price or redemption value in accordance with standard accounting practice. The content of the adjustment depends on the valuation method applied.
4. If no other information is available, it can be assumed that the revaluations corresponding to ‘securities over two years’ is equal to the total amount of revaluation adjustment in respect of holdings of securities other than shares issued for each sector.
5. The Regulation allows flexibility in terms of the type of data needed to calculate the price revaluation of securities and the form in which these data are collected and compiled. The decision on the method is left to the NCBs, based on the following options:
— MFIs to report adjustments: MFIs report the adjustments applicable to each item, reflecting the valuation changes due to change in prices. NCBs that choose this method aggregate the adjustments reported by MFIs for the submission of data to the ECB,
— MFIs to report transactions: MFIs accumulate transactions during the month and transmit the value of purchase and sale of securities to the NCB. The compilation and submission to the NCB of net transactions is acceptable. NCBs that receive transactions data have to calculate the ‘revaluation adjustment’ as a residual from the difference between the stocks and the transactions and other adjustments, and submit the revaluation adjustment to the ECB in accordance with this Guideline,
— security-by-security reporting: MFIs report to NCBs all relevant information on holdings of securities, such as the nominal (i.e. face) value, accounting (i.e. book) value, market value, sales and purchases, on a security-by-security basis. This information permits NCBs to obtain accurate information on the ‘revaluation adjustment’ to be submitted to the ECB. This method is intended to accommodate NCBs that already follow such an approach in collecting data at a local level.
6. In principle, NCBs are restricted to the above methods. However, other methods can also be used if they are shown to be capable of delivering data of comparable quality.
Section 3: Monthly flow adjustments — special adaptations
1. ECB/NCB balance sheet statistics
1. In accordance with the bridging exercise, the requirement for balance sheet data has been slightly modified to reflect the activities of the ECB/NCBs. Certain items have been removed, i.e. no data are required on the breakdown of repos or deposits with periods of notice. Other items have been added, i.e. on the liabilities side, ‘counterpart of SDRs’ and on the assets side, ‘gold and gold receivables’ and ‘receivables from drawing rights, SDRs, other’, as stocks for these items are also required in this Guideline. The ECB/NCBs submit adjustment data for each of these items.
2. The ECB/NCBs submit adjustments to the ECB according to the procedures outlined in this Guideline. However, some modifications can be identified:
— reclassifications and other adjustments: the adjustments to ‘changes in statistical coverage’ are not relevant. However, the ECB/NCBs may have positions subject to reclassifications and revisions, in which case adjustments are provided,
— adjustments to exchange rate changes: in accordance with Regulation ECB/2001/13, Annex I, Part 2, Table 4, currency-by-currency data are provided from end-December 1998. For the purposes of calculating the exchange rate adjustment, back and historic data may be sent. In the ECB’s case, the exchange rate adjustment is not estimated using the standard procedure; instead, it is reported directly from the accounting data,
— revaluation adjustments: in accordance with the agreed procedure, the ECB/NCBs provide data on the size of this revaluation. The ECB’s/NCBs’ balance sheet is presented on a monthly basis at market value for statistical purposes. As a consequence, revaluation adjustments are reported every month.
3. A threshold of EUR 5 million is set for the NCBs’ ‘reclassification and other adjustments’ data. This threshold is needed because NCB balance sheets are reported separately and may be published separately (within the consolidated balance sheet of the European System of Central Banks).
2. Money market funds
1. The NCBs provide adjustments in respect of ‘reclassifications and other adjustments’ and ‘revaluation adjustments’ in accordance with the reporting scheme for money market funds (MMFs). In certain circumstances these procedures may need to be adapted. Nevertheless, Article 4.6 of Regulation ECB/2001/13 provides NCBs with the possibility of granting a derogation to some or all MMFs in respect of reporting ‘revaluation adjustments’.
2. The following rules apply unless a derogation is granted:
(a) the assets side of the MMFs balance sheet does not require any special treatment as it is already fully covered by this Guideline;
(b) the liabilities side consists almost entirely of the item ‘money market fund shares/units’. MMFs are institutional units in their own right and, hence, cannot be considered as transparent. As a consequence, the treatment of the assets side of the MMFs balance sheet has no direct implications for the treatment of the liabilities side. Furthermore, the treatment is similar to that given to similar instruments on the liabilities side;
(c) MMFs are included in the list of MFIs because MMF shares/units are close substitutes for deposits. Therefore, MMF shares/units receive the same treatment as deposits. Financial transactions in deposits comprise flows into/out of deposit accounts due to customer credits/debits and the receipt of interest. As deposits have a fixed nominal value, there are no holding gains and losses. Hence, all changes in stocks between two periods represent, with the exception of ‘reclassifications and other adjustments’, financial transactions;
(d) as far as MMF shares/units are concerned, customer credits/debits to/from deposits have their equivalent in the purchase/sale of shares/units; the receipt of interest on deposits has its equivalent in changes in the value of shares/units. As changes in the value of MMF shares/units usually occur daily, this instrument is similar to deposits where interest is received daily. This is explained by the ease with which MMF shares/units can be liquidated. As deposits, all changes in the stock of MMF shares/units are to be treated as financial transactions (again, with the exception of ‘reclassifications and other adjustments’).
3. In summary, if the derogation in respect of the ‘revaluation adjustments’ is not applied, MMF assets are treated in accordance with the common procedure ( 55 ). Under liabilities, to calculate the ‘money market fund shares/units’ flow, it is enough to exclude the ‘reclassification’ adjustments from the difference between the balances as long as no revaluation adjustment is reported for this instrument.
3. General government liabilities (and assets)
Stock data are collected for deposit liabilities and assets of the general government. For the purposes of compiling flow statistics, adjustments data are, in principle, supplied in accordance with the requirements established for MFI balance sheet statistics. In practice, changes other than transactions, i.e. due to exchange rate or market price changes, are unlikely to occur. These data are reported as indicated in Part 3 of Annex III.
4. Memorandum items
Memo item flows are also calculated by using the residency breakdown of holders of securities issued by MFIs, in order to integrate these data in the regular production of BSI statistics and in the calculation of monetary aggregates. For that reason, reclassification adjustments, exchange rate adjustments and revaluation adjustments are calculated for these memo items. These data are reported as indicated in Part 4 of Annex III.
Section 4: Calculation of flow adjustments
1. Given that part of the data previously reported on a quarterly basis under Regulation ECB/1998/16 ( 56 ) Annex I, Part 2, Tables 2 and 3, is reported on a monthly basis under Regulation ECB/2001/13, Annex I, Part 2, Table 1 (hereinafter Table 1), and considering the need to continue the calculation of flow statistics for those items that are still reported on a quarterly basis, i.e. items required under Regulation ECB/2001/13, Annex I, Part 2, Table 2 (hereinafter Table 2), NCBs are required to provide adjustment data for quarterly data as detailed below, using estimates if needed.
2. For completeness, this requirement also applies to reporting adjustments for NCB data, including historical data, at least from and including January 1999.
3. The procedure for calculating flows for Table 2 is similar to that applied to Table 1, as described in paragraphs a and b below. Relevant quarterly adjustments are reported in the following cases:
(a) When an adjustment is submitted for Table 1, it may affect the breakdown items contained in Table 2. In other words, where an adjustment is reported in Table 1, this implies that adjustments are reported for items contained in Table 2. Consistency is ensured between the two sets of data on a quarterly basis, i.e., the sum of the monthly adjustments must equal the quarterly adjustment. If a threshold is established for the quarterly adjustments, or the quarterly adjustments cannot be identified in full or to the same level of detail as the monthly adjustment, the adjustment is calculated so as to avoid discrepancies with the adjustment reported for the monthly data.
(b) As regards ‘price revaluation of securities’, excluding valuation changes that arise from transactions in securities, i.e. applying the ‘balance sheet method’ (see Guidance notes to the Regulation 2001/13), may cause inconsistencies between monthly and quarterly adjustments. Under this method, only revaluations affecting securities reported as stocks at both the end of the present and at the end of the previous reporting period are considered. As a consequence, a shift in the reporting frequency would give rise to differences in the adjustment reported. To avoid this undesired effect and to ensure consistency between quarterly and monthly adjustments, the calculation of the ‘price revaluation of securities’, where the ‘balance sheet method’ is applied, are done on a monthly basis irrespective of whether the data are reported monthly or quarterly. In other words, the quarterly adjustment is calculated as the sum of monthly adjustments, ensuring consistency between monthly and quarterly adjustments. Where the underlying data are not available on a monthly basis, estimates are accepted, in order to ensure consistency between the monthly and quarterly adjustments. On the contrary, to include valuation changes that arise from transactions in securities, i.e. applying the ‘transaction method’, provides quarterly adjustments that are fully consistent with the monthly data. Under the ‘transaction method’, all revaluations affecting securities are reported, without regard to the stocks at the beginning or end of the period. As a consequence, the quarterly adjustments coincide with the sum of the monthly adjustments.
(c) Adjustments may be needed for the quarterly tables even if no adjustment is reported in Table 1. This is the case when a reclassification takes place at the quarterly level of detail but is cancelled out at the more aggregated monthly level. It may also apply to ‘revaluation adjustments’ when the different components of a monthly item move in different directions. Consistency is also ensured between monthly and quarterly data in these cases. Regarding ‘price revaluation of securities’, consistency is ensured by applying the ‘balance sheet approach’ on a monthly basis, not only for the monthly tables but also for the quarterly tables.
4. The extent to which NCBs supply adjustments for quarterly statistics depends on their ability to identify or estimate, to a reasonable degree of accuracy, the detailed sectoral/instrument classification of existing monthly adjustments. With respect to ‘reclassifications and other adjustments’, information is available. In particular, the NCBs have sufficiently detailed information to easily allocate large one-off adjustments (e.g. a reclassification due to a reporting error) to specific quarterly items. Likewise, quarterly adjustments due to changes in the reporting population do not imply difficulties for the NCBs. In respect of ‘revaluation adjustment’, write-offs and revaluations are more difficult to obtain due to the lack of the appropriate breakdowns in the original data sources. It is expected that the ‘revaluation adjustment’ is based, at least in part, on estimates. The provision of estimates is accompanied by explanatory notes on the method used (e.g. missing breakdowns are estimated on a pro rata basis by using stock data).
5. In order to ensure consistency between adjustments for Table 2 and Table 1, the adjustments to Table 1 refer to a one-month period, while the adjustments to Table 2 refer to a one quarter period. Adjustments to the quarterly data are equal to the aggregation of three monthly periods (e.g. the quarterly adjustment reported in March is consistent with the sum of the monthly adjustments of January, February and March). Since quarterly flows adopt the same framework as monthly flows, including the use of the ‘balance sheet method’ on a monthly basis also for the quarterly flows, they have to be consistent with them over time.
6. Flows are also calculated for quarterly memorandum items when compiling the euro area monetary union financial accounts. In order to avoid increasing the reporting burden, these memorandum items have been integrated into the existing statistical framework for the regular production of money and banking statistics. For this reason reclassification and revaluation adjustments are calculated for these memorandum items.
PART 4
IF statistics — flow adjustments
Section 1: Introduction
1. For IF statistics, NCBs submit revaluations adjustments, covering both revaluations due to price and exchange rate changes and reclassification adjustments for all items on the IF balance sheet, according to the frequency indicated in Article 18. In this process, NCBs may need to calculate and/or estimate the adjustments to some of the breakdowns not reported by the IFs because they are not considered ‘minimum requirements’ in Regulation ECB/2007/8, Annex I, Part 3, Table 3.
2. Flow adjustments are subject to the same double-entry accounting system as stocks. In all cases, adjustments have a counterpart which, in many cases, is likely to be ‘IF shares/units issued’ or ‘remaining liabilities’, depending on the operation or the local accounting rules.
3. In principle, the following guidance is given for the transaction values of deposits/loans and securities. The transaction value of deposits/loans and securities excludes fees, etc. The transaction value of a deposit/loan excludes accrued interest that is receivable/payable but has not yet been received or paid. Instead, accrued interest on deposits/loans is recorded under ‘remaining assets’ or ‘remaining liabilities’, as appropriate.
Accrued interest on securities held and issued is included in the stock data on securities and in the transaction value.
Section 2: Revaluation adjustments
1. Regulation ECB/2007/8 allows flexibility in terms of the type of data needed to calculate the revaluation adjustments of assets and liabilities and the form in which these data are collected and compiled. The decision on the method is left to the NCBs.
2. In case IFs follow the combined approach in accordance with Annex I of Regulation ECB/2007/8, the following two options exist for deriving revaluation adjustments for securities:
— IFs report security-by-security information that allows NCBs to derive revaluation adjustments: IFs report to NCBs the information as set out in Table 2, paragraphs a, b and d, of Regulation ECB/2007/8, Annex I, Part 3 on a security-by-security basis. This information permits NCBs to obtain accurate information on the ‘revaluation adjustment’ to be submitted to the ECB. When this option is followed, NCBs may derive the ‘revaluation adjustments’ in accordance with a common Eurosystem method, i.e. the ‘flow-derivation method’, as described in the IF Manual accompanying Regulation ECB/2007/8,
— IFs directly report transactions on a security-by-security basis to the NCB: the IFs report the cumulated amounts of purchases and sales of securities, which have occurred during the reference period as set out in Table 2, paragraphs a and c, of Regulation ECB/2007/8 on a security-by-security basis. NCBs calculate the ‘revaluation adjustment’ by taking the difference between end-period stocks and removing the transactions, and submit the revaluation adjustment to the ECB in accordance with this Guideline.
3. For assets and liabilities other than securities or for securities in case IFs follow the aggregated approach, the following two options exist for deriving revaluation adjustments:
— IFs report aggregated adjustments: IFs report the adjustments applicable to each item, reflecting the valuation changes due to price and exchange rate changes ( 57 ). NCBs that choose this method aggregate the adjustments reported by IFs for the submission of data to the ECB.
— IFs report aggregated transactions: IFs accumulate transactions during the month and transmit the value of purchases and sales to the NCB. NCBs that receive transactions data calculate the ‘revaluation adjustment’ as a residual from the difference between the stocks and the transactions, and submit the revaluation adjustment to the ECB in accordance with this Guideline.
Appendix I
EFFECTS OF MERGERS, ACQUISITIONS AND DIVISIONS ON FLOWS COMPILATION
1. Merger of two or more reporting institutions into a new reporting institution (two or more MFIs into a new MFI or two or more Ifs into a new IF)
When a merger takes place, two different types of non-transactions may arise. First, and probably most important, a change in the value of assets and liabilities may occur. Such a revaluation/devaluation is not a transaction, so the amount involved is recorded under ‘revaluation adjustments’. In addition, any outstanding balances between the two merged institutions are cancelled. According to paragraph 6.30 of the ESA 95, this cancellation is not a financial transaction and therefore an adjustment to remove its impact from the flow statistics is included under ‘reclassifications and other adjustments’ with a negative sign ( 58 ). Where valuation methods of assets and liabilities are different, a revaluation/devaluation of the netted items is also involved. The information sources for the identification of these adjustments are the final assets and liabilities recorded for the two merged institutions and the first assets and liabilities recorded for the new institution. Ideally, the merged institutions are asked for information on their assets and liabilities both on an unmerged and merged basis as at the time when the merger takes place. In this way, the difference between the assets and liabilities on an unmerged basis and the assets and liabilities on a merged basis only represents non-transaction flows. However, growth rates are calculated by the European Central Bank on the implicit assumption that reclassification adjustments take place at the end of each reporting period. Therefore, it is correct to base adjustments on the last assets and liabilities reported to the national central bank by the separate institutions and the first assets and liabilities reported by the merged institution in the following reporting period. In this case, the effect of the merger and the transactions that occurred during the reporting period between these two observations are reported together as an adjustment.
2. Acquisition of one reporting institution by another reporting institution (one MFI by another MFI or one IF by another IF)
This operation is very similar to a merger and both types of non-transaction identified above can arise. However, there is one difference. Instead of having the assets and liabilities from three different institutions, in this case, the acquiring institution records two sets of assets and liabilities and the acquired institution records one set of assets and liabilities. However, the procedure for identifying the impact of the acquisition is the same as in a merger. Again, ideally, acquiring and acquired institutions are asked for asset and liability information on both a pre-acquisition and post-acquisition basis as at the time when the acquisition takes place. However, a solution in full accordance with the calculation of growth rates consists in an adjustment that is made on the basis of the last assets and liabilities reported by the separate institutions and the first post-acquisition assets and liabilities of the acquiring institution.
3. Division of one reporting institution into two different reporting institutions (one MFI into two MFIs or one IF into two IFs)
This operation is the opposite of a merger. However, any change in the valuation of assets/liabilities has the same impact as in a merger. Here as well, balances vis-à-vis other institutions can include amounts between the two institutions that are not due to transactions. These amounts are included as an adjustment in ‘reclassifications and other adjustments’, with a positive sign. The information available in this context is different. If two new institutions are created, there is one set of assets and liabilities from the previous institution and two sets of assets and liabilities from the new institutions. The envisaged procedures outlined above can apply to this case by taking the time of the division into account instead of the time of the merger, and using the information that is relevant in the case of a division.
4. Mergers, acquisitions and divisions when one of the institutions does not belong to the reporting sector
In all three cases, where one institution does not belong to the reporting sector, there is also a change in the reporting population ( 59 ). In this case, it is difficult to distinguish between the adjustments arising from the restructuring and other adjustments and transactions.
In principle, data are sought from all involved institutions, although it is recognised that data on the assets and liabilities of an institution not belonging to the reporting sector may not be available. Otherwise an estimate of the transactions of the institution belonging to the reporting sector before and after this operation is made (perhaps on the basis of the trend presented by data available for previous reporting periods). The rest of the difference between the two sets of assets and liabilities is included in ‘reclassifications and other adjustments’.
5. Effects on monetary/credit aggregates of mergers, acquisitions and divisions in the context of BSI statistics
The probability of monetary/credit aggregates being affected by these developments is low, but it cannot be ignored. The main reasons why they may be affected are:
— changes in the reporting population: these are not caused by the merger/acquisition/division itself, but only by a change in the sector of an institution,
— revaluation: a revaluation can be associated with a merger/acquisition and affect almost all items. It is expected to have more effect on the assets side of the balance sheet,
— netting of balances between two institutions: this development can only modify monetary/credit aggregates if the valuation methods of assets and liabilities are different. In such a case, only the change in value has any effect on monetary/credit aggregates, while the ‘change in structure’, i.e. netting, is not expected to have any impact on these aggregates.
Appendix II
TREATMENT OF DEBT ASSUMPTION
1. Definition of debt assumption
1. Debt assumption is an operation that usually involves the central government sector replacing public corporations (part of the other resident sectors) as the debtor in respect of loans originally granted by banks (the monetary financial institution (MFI) sector). This financial operation can also take place between other institutional sectors and may refer to securities instead of loans. In this case, the treatment would be similar.
2. As debt assumption has an impact on the MFI balance sheet, it is important to ensure the correct treatment of the financial aspects of the operation within money and banking statistics. This Appendix outlines the required statistical treatment of debt assumption.
2. Statistical treatment
1. Debt assumption involving a triangular relationship between the central government, the other resident sectors and the MFI sector is recorded as follows ( 60 ). Debt assumption by central government is treated as a capital transfer from the central government (i.e the entity assuming the debt) to the other resident sectors (i.e debtors). The financial counterpart of the capital receipt by the other resident sectors is a decrease in MFI loans to the other resident sectors, i.e. the repayment of the other resident sectors’ original debt to the MFI sector, with the financial counterpart of the capital payment by the central government recorded as an increase in MFI loans to the central government.
2. Hence, in the flow statistics compiled for the MFI balance sheet, two separate financial transactions are shown: (i) the other resident sectors’ repayment of debt to the MFI sector and; (ii) simultaneously, the granting of a loan by the MFI sector to the central government. The absence of any movement of cash between the parties concerned alters neither the economic significance of the operation, nor its statistical treatment.
3. Within the MFI balance sheet and related statistics compiled in accordance with Regulation ECB/2001/13, debt assumption is treated as follows:
(a) for MFI balance sheet statistics, the act of debt assumption is automatically recorded within the balance sheet as a decline in the stock of MFI loans to the other resident sectors matched by an increase in MFI loans to the general government sector within the monthly balance sheet statistics in Table 1 in Regulation ECB/2001/13, Annex I, Part 2. In the more detailed sectoral breakdown, the operation appears as a fall in MFI loans to non-financial corporations in Table 1 or, where the public corporation is a financial enterprise, to other financial intermediaries and an increase in MFI loans to central government in Table 2 in Regulation ECB/2001/13, Annex I, Part 2;
(b) for adjustment data for the compilation of flows, in euro area money and banking statistics, financial transaction flows are calculated as the difference in the outstanding stocks less any adjustments for non-transactions. Hence, the fall in MFI loans to the other resident sectors and the increase in MFI loans to the general government are implicitly recorded as financial transactions, without the need for any further intervention in the figures. There is no requirement for NCBs to provide any adjustment data for these financial operations.
3. Example with accounting entries
1. The first part of this example presents the account entries during the whole process related to debt assumption in the form of T-diagrams. The second part, in the next section, compares debt assumption with other payments made by the central government to the other resident sectors, and how they are reflected in accounting terms.
2. The origin of this operation is a loan initially granted by an MFI to a publicly owned corporation in the other resident sectors. The loan is usually guaranteed by the central government. When the loan is granted, the following stylised entries take place ( 61 ):
|
MFI |
|
|
A |
L |
|
– Cash + Loan to other resident sectors |
Deposits -- |
|
Other resident sectors |
|
|
A |
L |
|
+ Cash |
Loan from MFI + |
|
Central government |
|
|
A |
L |
3. At a later date, the corporation is unable to pay back the loan, so that the central government assumes the debt. From then onwards, the debtor is no longer the other resident sectors; instead, the central government becomes the debtor. The entries are as follows ( 62 ):
|
MFI |
|
|
A |
L |
|
+ Loan to central government – Loan to other resident sectors |
Deposits -- |
|
Other resident sectors |
|
|
A |
L |
|
Capital + Loan from MFI - |
|
|
Central government |
|
|
A |
L |
|
Capital – Loan from MFI + |
|
4. Therefore, in the MFI balance sheet there is a simply a change in the counterparty sector of the loan. This change is real, because it follows the rules relating to a real transfer between the central government and the other resident sectors. The capital account entry is made because of the capital transfer that takes place.
5. Cash is not involved in the above example, but if it were, the final situation would be the same. In the event of the central government financing the assumption of the debt by running down deposits, rather than by increasing loans, a triangular movement would occur with no final net result, as shown below.
In the first step, the central government borrows money from the MFI:
|
MFI |
|
|
A |
L |
|
+ Loan to central government – Cash -- Loan to other resident sectors |
|
|
Other resident sectors |
|
|
A |
L |
|
Loan from MFI -- |
|
|
Central government |
|
|
A |
L |
|
+ Cash |
Loan from MFI + |
In the second step, the central government makes a cash transfer to the other resident sectors:
|
MFI |
|
|
A |
L |
|
-- Loan to central government – Loan to other resident sectors |
|
|
Other resident sectors |
|
|
A |
L |
|
+ Cash |
Capital + Loan from MFI -- |
|
Central government |
|
|
A |
L |
|
– Cash |
Capital – Loan from MFI -- |
In the third step, the other resident sectors use the cash received from the central government to finance the repayment of the debt to the MFI:
|
MFI |
|
|
A |
L |
|
-- Loan to central government – Loan to other resident sectors + Cash |
|
|
Other resident sectors |
|
|
A |
L |
|
– Cash |
Capital – Loan from MFI - |
|
Central government |
|
|
A |
L |
|
Capital – Loan from MFI -- |
|
As shown above, the cash appears twice with different signs in each balance sheet. Therefore, the net effect is nil.
4. Other payments by the central government sector
1. For the purposes of comparison with debt assumption operations, the accounting entries corresponding to the other transfers by the central government are presented below. A transfer from the central government to the other resident sectors usually takes place in the form of a payment in cash/deposit.
The central government has deposits with banks or with the central bank, and these deposits are used to make payments for expenditure. Therefore, when the central government makes a payment as a consequence of a transfer to the other resident sectors, the entries are as follows:
|
MFI |
|
|
A |
L |
|
Deposit from central government - Deposit from other resident sectors + |
|
|
Other resident sectors |
|
|
A |
L |
|
+ Deposit with MFI |
Capital + |
|
Central government |
|
|
A |
L |
|
Deposit with MFI |
Capital - |
2. The features of this transfer are the same as those in the case of a debt assumption, with the entries differing only to the extent that different financial instruments are used in the operation. For monetary analysis, the difference is that a debt assumption by the central government impacts on the credit aggregates (loans to the other resident sectors fall, while loans to central government rise), while the same capital transfer paid in cash impacts on the monetary aggregates (deposits held by central government, which is in the money-neutral sector, fall, while deposits held by the other resident sectors, which is in the money-holding sector, rise). In both cases, however, there is a financial transaction, so that no adjustment is needed.
▼M2 —————
ANNEX VI
LIST OF MFIs FOR STATISTICAL PURPOSES
PART 1
Variables for the purpose of the list of MFIs for statistical purpose
|
Variable name |
Variable description |
Status |
|
object_request |
This specifies the type of monetary financial institution (MFI) update sent and can take one of seven predefined values: ‘mfi_req_new’: specifies that information on a new MFI is given, ‘mfi_req_mod’: specifies that information on modifications to an existing MFI is given, ‘mfi_req_del’: specifies that information on an existing MFI to be deleted is given, ‘mfi_req_merger’: specifies that information on institutions involved in a merger (1) is given, ‘mfi_req_realloc’: specifies that reallocation of a deleted mfi_id to a new MFI is required, ‘mfi_req_mod_id_realloc’: specifies that a change of the mfi_id of an existing MFI to that of a deleted MFI is required, ‘mfi_req_mod_id’: specifies that a change of ‘mfi_id’ is required. |
Mandatory |
|
mfi_id |
This is the primary key for the MFI dataset. It specifies the unique identification code (hereinafter the ‘id code’) of the MFI, and is comprised of two parts: ‘host’ and ‘id’. The values for the two parts combined should ensure that the ‘mfi_id’ is unique to that MFI. |
Mandatory |
|
host |
This variable specifies the country of registration of the MFI, given as a two-character country ISO code. |
Mandatory when part of id code |
|
id |
This specifies the id code for the MFI (without the ‘host’ two-character ISO country code as a prefix) |
Mandatory when part of id code |
|
name |
This specifies the full registration name of the MFI, including the company designation (i.e. Plc, Ltd, SpA, etc.). |
Mandatory |
|
address |
This specifies the location details of the MFI, and is composed of four parts: ‘postal_address’, ‘postal_box’, ‘postal_code’ and ‘city’. |
Mandatory for ‘new’ and ‘mod’ requests |
|
postal_address |
This specifies the street name and the building number. |
Mandatory for ‘new’ and ‘mod’ requests |
|
postal_box |
This specifies the post office box number, using national box convention systems. |
Mandatory for ‘new’ and ‘mod’ requests |
|
postal_code |
This specifies the post code, using the national postal systems conventions. |
Mandatory for ‘new’ and ‘mod’ requests |
|
city |
This specifies the city of location. |
Mandatory for ‘new’ and ‘mod’ requests |
|
category |
This indicates the type of MFI, and can have one of four predefined values: ‘central bank’, ‘credit institution’, ‘money market fund’ or ‘other institution’. |
Mandatory for ‘new’ and ‘mod’ requests |
|
report |
This indicates whether or not the MFI reports monthly balance sheet statistics and can take one of two predefined values which are mutually exclusive: (i) ‘true’ when the MFI is subject to the full reporting requirements; or (ii) ‘false’ when the MFI is not subject to the full reporting requirements. |
Mandatory for ‘new’ and ‘mod’ requests |
|
order_r |
This indicates the desired order of the list of MFIs if the English alphabetical order does not apply. A numeric value must be assigned to each MFI in ascending order. |
Non-mandatory |
|
head_of_branch |
This indicates that the MFI is a foreign branch. This can take one of three values: ‘non_eu_head’, ‘eu_non_mfi_head’ and ‘eu_mfi_head’. |
Mandatory for foreign branches |
|
non_eu_head |
This indicates that the head office is extra EU resident, and is composed of two parts: ‘host’ and ‘name’. |
Mandatory for foreign branches |
|
eu_non_mfi_head |
This indicates that the head office is an EU resident and is not an MFI. This is comprised of two parts: ‘non_mfi_id’ (country of registration and identification code) and ‘name’ (name of the head office). The identification code of the non-MFI can be either ‘OFI’ (other financial institution) or a two-character ISO country code followed by a suffix referring to the appropriate sectoral classification of the ESA 95. |
Mandatory for foreign branches |
|
eu_mfi_head |
This indicates that the head office is an EU resident and an MFI. The value for this variable is comprised of ‘mfi_id’. |
Mandatory for foreign branches |
|
sub-merger |
This is used to report institutions sharing the same ‘date’ of legal effect of merger activity, and is composed of four parts: ‘date’, ‘comment’, ‘involved_mfi’ and ‘involved_non_mfi’. |
Mandatory for mergers |
|
involved_mfi |
This specifies that an MFI is involved in a cross-border merger. The value for this variable is comprised of ‘mfi_ref’. |
Mandatory for cross-border mergers |
|
involved_non_mfi |
This specifies that a non-MFI is involved in the merger. The value for this variable is comprised of ‘non_mfi_obj’. |
Mandatory for mergers |
|
mfi_ref |
This specifies details of an MFI involved in a cross-border merger, and is composed of two parts: ‘mfi_id’ and ‘name’. |
Mandatory for cross-border mergers |
|
non_mfi_obj |
This specifies details of a non-MFI involved in a merger with an MFI, and is composed of two parts: ‘non_mfi_id’ and ‘name’. |
Mandatory for mergers |
|
non_mfi_id |
This specifies details of a non-MFI involved in a merger with an MFI, and is comprised of two parts: ‘host’ and ‘id’. |
Mandatory for mergers |
|
(1) Unless explicitly stated otherwise, the term ‘mergers’ refers to domestic mergers. |
||
▼M2 —————
ANNEX VII
LIST OF IFs FOR STATISTICAL PURPOSES
PART 1
Variables for reporting the list of investment funds for statistical purposes
|
Variable name |
Variable description |
Status |
|
object_request |
This variable specifies the type of investment fund (IF) update sent and may have one of eight predefined values: ‘if_req_new’: information on a new IF ‘if_req_mod’: information on modifications to an IF ‘if_req_del’: information on an IF to be deleted ‘if_req_merger’: information on institutions involved in a merger (1) ‘if_req_realloc’: reallocation of a deleted if_id to a new IF ‘if_req_mod_id_realloc’: a change of the if_id of an IF to that of a deleted IF ‘if_req_mod_id’: a change of ‘if_id’ ‘if_req_nav’: information on the net asset value (NAV) per investment fund |
Mandatory |
|
If_confidentiality_flag |
This variable indicates the confidentiality status of the entire record. One of three pre-defined values should be selected: ‘F’ (free, not confidential), ‘N’ (confidential; may be released for European System of Central Banks (ESCB) use only; not for external release) or ‘C’ (confidential; not for release to the ESCB or the public) If partial confidentiality of any one particular variable is required, the value ‘F’ must be used |
Mandatory |
|
if_id |
The primary key for the IF dataset specifying the unique IF’s identification code (hereinafter the ‘id code’), and is comprised of two parts: ‘host’ and ‘id’. The values for the two parts combined ensure that the ‘if_id’ is unique to that IF |
Mandatory |
|
host |
The two-character country ISO code for the IF’s country of registration — one of two parts of the ‘if_id’ variable — see above |
Mandatory when part of id code |
|
id |
The IF’s id code — one of two parts of the ‘if_id’ variable — see above |
Mandatory when part of id code |
|
name |
The IF’s full registration name, including the company designation i.e. Plc, Ltd, SpA, etc. |
Mandatory |
|
address |
The IF’s location details, or its management company where applicable composed of four parts: ‘postal_address’, ‘postal_box’, ‘postal_code’ and ‘city’ |
Mandatory for ‘new’ and ‘mod’ requests |
|
postal_address |
The street name and the number of the building |
Mandatory for ‘new’ and ‘mod’ requests |
|
postal_box |
The post office box number, using national box convention systems |
Mandatory for ‘new’ and ‘mod’ requests |
|
postal_code |
The post code, using the national postal system conventions |
Mandatory for ‘new’ and ‘mod’ requests |
|
city |
The city of location |
Mandatory for ‘new’ and ‘mod’ requests |
|
management company name |
The full, registered name of the IF’s management company. If this information is missing, the value ‘not available’ (where the IF has a management company) or ‘not applicable’ (where the IF does not have a management company) must be reported |
Mandatory |
|
management company name_confidentiality_flag |
This variable indicates the confidentiality status of the information on the management company name One of three pre-defined values should be selected: ‘F’ (free, not confidential), ‘N’ (confidential; may be released for ESCB use only; not for external release) or ‘C’ (confidential; not for release to the ESCB or to the public) |
Mandatory |
|
investment policy |
The type of asset in which the investment portfolio is primarily invested. Seven pre-defined values are possible: ‘bonds’, ‘equities’, ‘hedge’, ‘mixed’, ‘real estate’, ‘other’ or ‘not available’ |
|
|
investment policy_confidentiality_flag |
This variable indicates the confidentiality status of the information on the investment policy One of three pre-defined values should be selected: ‘F’ (free, not confidential), ‘N’ (confidential; may be released for ESCB use only; not for external release) or ‘C’ (confidential; not for release to the ESCB or to the public) |
Mandatory |
|
variability of the capital |
This variable specifies the legal form which the IF can take, and can have one of three predefined values: ‘open-end’ or ‘closed-end’ or ‘not available’ |
Mandatory |
|
variability of the capital_confidentiality_flag |
This variable indicates the confidentiality status of the information on the variability of capital One of three pre-defined values should be selected: ‘F’ (free, not confidential), ‘N’ (confidential; may be released for ESCB use only; not for external release) or ‘C’ (confidential; not for release to the ESCB or to the public) |
Mandatory |
|
structure_1 |
This variable specifies the IF structure and can have one of three predefined values: ‘UCITS’ (2) or ‘non-UCITS’ or ‘not available’ |
Mandatory |
|
structure_1_confidentiality_flag |
This variable indicates the confidentiality status of the information on the variable structure_1 One of three pre-defined values should be selected: ‘F’ (free, not confidential), ‘N’ (confidential; may be released for ESCB use only; not for external release) or ‘C’ (confidential; not for release to the ESCB or to the public) |
Mandatory |
|
structure_2 |
More detailed information on the investment fund structure with one of 11 predefined values. Refer to Part 2 below |
Mandatory |
|
structure_2_confidentiality_flag |
This variable indicates the confidentiality status of the information on the variable structure_2 One of three pre-defined values should be selected: ‘F’ (free, not confidential), ‘N’ (confidential; may be released for ESCB use only; not for external release) or ‘C’ (confidential; not for release to the ESCB or to the public) |
Mandatory |
|
sub-fund |
This variable specifies whether the investment fund is a sub-fund or otherwise and can have one of four predefined values: ‘yes’ or ‘no’ or ‘not available’ or ‘not applicable’ |
Mandatory |
|
sub-fund_confidentiality_flag |
This variable indicates the confidentiality status of the information on the variable sub-fund One of three pre-defined values should be selected: ‘F’ (free, not confidential), ‘N’ (confidential; may be released for ESCB use only; not for external release) or ‘C’ (confidential; not for release to the ESCB or to the public) |
Mandatory |
|
ISIN codes |
This variable specifies the ISIN (3) codes for each share class per investment fund. The variable is composed of several parts including reference to: ‘ISIN_1’, ‘ISIN_2’, ‘ISIN_3’, ‘ISIN_4’ and ‘ISIN_n’. All applicable ISIN codes per investment fund must be reported. If reporting an IF for which ISIN codes are not applicable, the 12 characters term ‘XXXXXXXXXXXX’ must be reported for ‘ISIN_1’ |
Mandatory |
|
If_req_nav |
This variable specifies that information on the net asset value of the investment fund is being sent. It is composed of two parts: ‘if_nav_value’ and ‘if_nav_date’. If this information is missing, the value ‘not available’ must be reported |
Mandatory on an annual basis |
|
nav_confidentiality_flag |
This variable indicates the confidentiality status of the information on the net-asset value One of three pre-defined values should be selected: ‘F’ (free, not confidential), ‘N’ (confidential; may be released for ESCB use only; not for external release) or ‘C’ (confidential; not for release to the ESCB or to the public) |
Mandatory |
|
sub-merger |
This variable is used to report institutions sharing the same ‘date’ of legal effect of merger activity, and is composed of four parts: ‘date’, ‘comment’, ‘involved_if’ and ‘involved_non_if’ |
Mandatory for mergers |
|
involved_if |
This variable specifies that an IF is involved in a cross-border merger. Value for this variable is comprised of ‘if_ref’ |
Mandatory for cross-border mergers |
|
involved_non_if |
This variable specifies that an entity which is not an IF is involved in the merger with an IF. Value for this variable is comprised of ‘non_if_obj’ |
Mandatory for mergers |
|
if_ref |
This variable specifies details of an IF involved in a cross-border merger, and is composed of two parts: ‘if_id’ and ‘name’ |
Mandatory for cross-border mergers |
|
non_if_obj |
This variable specifies details of a entity which is not an IF involved in a merger with an IF, and is composed of two parts: ‘non_if_id’ and ‘name’ |
Mandatory for mergers |
|
non_if_id |
This variable specifies details of an entity which is not an IF involved in a merger with an IF, and is comprised of two parts: ‘host’ and ‘id’ |
Mandatory for mergers |
|
free_text |
Explanatory information on the investment fund |
|
|
(1) Unless explicitly stated otherwise, the term ‘mergers’ refers to domestic mergers. (2) Council Directive 85/611/EEC of 20 December 1985 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS) (OJ L 375, 31.12.1985, p. 3). (3) International securities identification number: a code uniquely identifying a securities issue, composed of 12 alphanumeric characters. |
||
PART 2
Reporting options and definitions for variable ‘structure_2’
The following predefined values shall apply to reporting the variable ‘structure_2’.
1. The investment fund is authorised as UCITS compliant
If the investment fund is authorised as UCITS compliant, one of the following five predefined values must be reported under the ‘structure_2’ variable:
— ‘UCITS unit trust’: an undertaking constituted according to trust law for collective investment in transferable securities,
— ‘UCITS variable capital corporation’: an arrangement limited by shares. The main feature is the ease with which the institution can repurchase or redeem its share capital. The issued share capital must at all times be equal to the net asset value of the underlying assets. Shareholders of a variable capital corporation enjoy limited liability,
— ‘UCITS unincorporated’: an unincorporated institution,
— ‘other’: implies that none of the above predefined values apply to the investment fund. If this value is reported, a detailed definition must be reported in parallel as ‘free_text’,
— ‘not available’: implies that information on the ‘structure_2’ of the institution is currently not available.
2. The investment fund is not UCITS compliant
If the investment fund is not UCITS compliant, one of the following eight predefined values must be reported under the ‘structure_2’ variable:
— ‘unit trust’: an undertaking constituted according to trust law for collective investment in transferable securities,
— ‘variable capital corporation’: an arrangement limited by shares. The main feature is the ease with which the institution can repurchase or redeem its share capital. The issued share capital must at all times be equal to the net asset value of the underlying assets. Shareholders of a variable capital corporation enjoy limited liability,
— ‘limited partnership’: an arrangement which provides limited liability participation but is a transparent vehicle for investors' taxation i.e. each partner is taxed directly on their share of underlying investments. Additionally, capital raised may easily be returned to investors when profits have been realised on an individual investment,
— ‘investment trust’: a collective investment company, listed on the exchange, which invests primarily in a diversified portfolio of shares and securities of other companies. The stock market determines the price of shares in an investment trust,
— ‘unincorporated investment trust’: an unincorporated investment trust,
— ‘unincorporated’: an unincorporated institution,
— ‘other’: implies that none of the above predefined values apply to the investment fund. If this value is reported, a detailed definition must be reported in parallel as ‘free_text’,
— ‘not available’: implies that information on the ‘structure_2’ of the institution is currently not available.
▼M2 —————
ANNEX VIII
LIST OF FVCs FOR STATISTICAL PURPOSES
PART 1
Variables for reporting the list of financial vehicle corporations (FVCs) for statistical purposes
|
Variable name |
Variable description |
Status |
|
object_request |
This variable specifies the type of FVC update sent and may have one of six predefined values: ‘fvc_req_new’: request for addition of a new FVC ‘fvc_req_mod’: request for modifications to an FVC ‘fvc_req_del’: request for an FVC to be deleted ‘fvc_req_realloc’: request for reallocation of the identification code of a deleted FVC to a new FVC ‘fvc_req_mod_id_realloc’: request for reallocation of the identification code of a deleted FVC to another FVC ‘fvc_req_mod_id’: request for a change of the identification code (fvc_id) of an FVC to a different identification code |
Mandatory |
|
fvc_confidentiality_flag |
This variable indicates the confidentiality status of the entire record. One of three predefined values should be selected: ‘F’ (free, not confidential), ‘N’ (confidential; may be released for European System of Central Banks (ESCB) use only; not for external release) or ‘C’ (confidential; not for release to the ESCB or the public) If partial confidentiality of any one particular variable is required, the value ‘F’ must be used |
Mandatory |
|
fvc_id |
The primary key for the FVC dataset is the unique identification code (hereinafter the ‘id code’) for each FVC It is comprised of two parts: ‘host’ and ‘id’ The values for the two parts combined ensure that the ‘fvc_id’ is unique to that FVC |
Mandatory |
|
host |
The two-character country ISO code for the FVC’s country of registration, one of two parts of the ‘fvc_id’ variable (see above) |
Mandatory when part of id code |
|
id |
The FVC’s id code, one of two parts of the ‘fvc_id’ variable (see above) |
Mandatory when part of id code |
|
name |
The FVC’s full registration name, including the company designation, e.g. plc, Ltd, SpA, etc. |
Mandatory |
|
address |
The FVC’s location details or its management company where applicable, composed of four parts: ‘postal_address’, ‘postal_box’, ‘postal_code’ and ‘city’ |
Mandatory for ‘new’ and ‘mod’ requests |
|
postal_address |
The street name and the number of the building |
Mandatory for ‘new’ and ‘mod’ requests |
|
postal_box |
The post office box number, using national box convention systems |
Mandatory for ‘new’ and ‘mod’ requests |
|
postal_code |
The postcode, using the national postal system conventions |
Mandatory for ‘new’ and ‘mod’ requests |
|
city |
The city of location |
Mandatory for ‘new’ and ‘mod’ requests |
|
management company name |
The full, registered name of the FVC’s management company If this information is missing, the value ‘not available’ (where the FVC has a management company) or ‘not applicable’ (where the FVC does not have a management company) must be reported |
Mandatory |
|
management company name_confidentiality_flag |
This variable indicates the confidentiality status of the information on the management company name One of three predefined values should be selected: ‘F’ (free, not confidential), ‘N’ (confidential; may be released for ESCB use only; not for external release) or ‘C’ (confidential; not for release to the ESCB or to the public) |
Mandatory |
|
nature of securitisation |
This variable specifies the type of securitisation undertaken by the FVC One out of four predefined values should be selected: ‘traditional’, ‘synthetic’, ‘other’ or ‘not available’ |
Mandatory |
|
nature of securitisation_confidentiality_flag |
This variable indicates the confidentiality status of the information on the nature of securitisation One of three predefined values should be selected: ‘F’ (free, not confidential), ‘N’ (confidential; may be released for ESCB use only; not for external release) or ‘C’ (confidential; not for release to the ESCB or the public) |
Mandatory |
|
ISIN codes |
This variable specifies the ISIN (1) codes of all securities issued by the FVC. The variable is composed of several parts including reference to: ‘ISIN_1’, ‘ISIN_2’, ‘ISIN_3’, ‘ISIN_4’ and ‘ISIN_n’ As a minimum requirement, at least one ISIN code (ISIN_1) must be reported. If reporting an FVC for which ISIN codes are not applicable, or not available, the 12 characters term ‘XXXXXXXXXXXX’ must be reported for ‘ISIN_1’. |
|
|
free_text |
Explanatory information on the FVC |
|
|
(1) International Securities Identification Number: a code uniquely identifying a securities issue, composed of 12 alphanumeric characters. |
||
▼M2 —————
GLOSSARY
Automated teller machine (ATM) : is an electromechanical device allowing authorised cardholders, typically using machine-readable plastic cards, to withdraw cash from their accounts and/or access to other services, such as balance enquiries, transfer of funds or acceptance of deposits. A device allowing only balance enquiries does not qualify as an ATM. The following functions are reflected in the statistics: the ‘cash withdrawal function’ allowing authorised users to withdraw cash from their accounts by using a card with a cash function; and the ‘credit transfer function’ allowing authorised users to make credit transfers using a payment card.
ATM cash transaction : is a cash withdrawal from or a cash deposit to an account, performed at an ATM, using a card with a cash function.
Attributes : are statistical concepts that provide users with additional coded (e.g. the unit) and uncoded (e.g. the compilation method) information about exchanged data. ‘Mandatory’ applies to attributes that must take a value, otherwise the observations they refer to are considered meaningless. ‘Conditional’ applies to attributes that are only defined if they are available in the reporting institution (e.g. domestic series ids) or whenever they are relevant (e.g. compilation, breaks, etc.), and they can take empty values.
Autonomous pension funds : are separate institutional units whose main activity is funding pensions. They are not insurance companies.
Bond funds : are investment funds (IFs) primarily investing in securities other than shares. The criteria for classifying investment funds into bond funds are derived from the public prospectus, fund rules, instruments of incorporation, established statutes or by-laws, subscription documents or investment contracts, marketing documents, or any other statement with similar effect.
Branches : are unincorporated entities, without independent legal status, wholly owned by their parent.
Branch of a credit institution : means the place of business, other than the head office, which is located in the reporting country and has been established by a credit institution legally incorporated in another country. All places of business set up in the reporting country by the same institution legally incorporated in another country, constitute a single branch. Each of these places of business is counted as an individual office (see Office).
Branch of activity : is an economic activity included in the statistical classification of economic activities in the European Community — NACE Rev.2 ( 63 ).
Capital shares issued by limited liability companies : are securities which give the holders the status of joint owners and entitle them to a share in the total distributed profits and in the net assets in the event of liquidation.
Card issuer : is, in the case of four-party schemes, a credit institution (or more rarely, another undertaking) which is a member of a card scheme and has a contractual relationship with a cardholder that results in the provision and use of a card from that card scheme. In the case of three-party schemes (e.g. American Express, Diners Club International, etc.), the card issuer is the card scheme itself.
Card payment, except with an e-money function : is a payment transaction using a card with a debit, credit or delayed debit function at a terminal or via other channels.
Cards : for the purposes of payments statistics are plastic devices that can be used by their holders either to pay for goods and services or to withdraw money.
Card scheme : is the technical and commercial arrangement set up to serve one or more particular card brands and which it provides the organisational, legal and framework rules necessary for the services marketed by the brand to function.
Cash advance at POS terminals : is a transaction in which the cardholder receives cash at a POS terminal in combination with a POS payment for goods or services.
Central government : consists of administrative departments of the State and other central agencies whose competence extends over the whole economic territory, except for the administration of social security funds (ESA 95, paragraph 2.71).
Central government holdings of instruments issued by euro area MFIs : are debt securities and money market fund shares issued by euro area MFIs and held by a central government.
Cheque : is a written order from one party (the drawer) to another (the drawee; normally a credit institution) requiring the drawee to pay a specified sum on demand to the drawer or to a third party specified by the drawer.
Closed-end investment funds : are IFs with a fixed number of issued shares whose shareholders have to buy or sell existing shares to enter or leave the fund.
Credits to the accounts by simple book entry : are credit transaction initiated by an MFI without a specific transaction order and executed by simple book entry, i.e credit entry, on the account(s) of a customer, i.e. without the use of a traditional payment instrument.
Credit transfer : is a payment instrument allowing the payer to instruct its account-holding institution to transfer funds to the beneficiary. It is a payment order, or a sequence of payment orders, made for the purpose of placing funds at the disposal of the beneficiary. Both the payment order and the funds described therein move from the credit institution of the payer to the credit institution of the payee (beneficiary), potentially via several intermediary credit institutions and/or one or more payment and settlement systems.
Cross-border transactions received : are transactions with payment instruments involving non-MFIs received from outside the reporting country, i.e. the party sending the transaction is located outside the reporting country.
Cross-border transactions sent : are transactions with payment instruments involving non-MFIs sent outside the reporting country, i.e. the party receiving the transactions is located outside the reporting country.
Currency in circulation : comprises notes and coins in circulation that are commonly used to make payments.
Currency of issuance : is defined as the currency denomination of the security.
Debits from the account by simple book entry : are debit transactions initiated by an MFI without a specific transaction order and executed by simple book entry, i.e debit entry, on the account(s) of a customer, i.e. without the use of a traditional payment instrument.
Debt assumption : is an operation that usually involves a central government replacing public corporations (part of the other resident sectors) as the debtor in respect of loans originally granted by banks (the monetary financial institution (MFI) sector). This financial operation can also take place between other institutional sectors.
Debt securities : i.e. securities other than shares excluding financial derivatives, consist of all financial assets which are bearer instruments, are usually negotiable and traded on secondary markets and do not grant the holder any ownership rights to the institutional unit issuing them. This category covers financial assets which are typically represented by documents intended for circulation and whose nominal value is determined on issue. It includes issues of bills, bonds, notes, debentures and similar instruments normally traded in the financial markets. Instruments included in this category can be characterised as providing the holder with the unconditional right to a fixed or contractually determined variable money income in the form of coupon payments (interest) and/or a stated fixed sum on a specified date or dates or starting from a date fixed at the time of issue. Private placements are covered as far as possible. Global bonds are included (ESA 95, paragraphs 5.50-5.55). This corresponds to ESA 95 category F.33.
Deposits redeemable at notice : are non-transferable deposits, without any agreed maturity, that cannot be converted into currency without a period of prior notice before the term of which conversion into cash is not possible or only possible subject to a penalty. This includes deposits, although perhaps legally withdrawable on demand, that would be subject to penalties and restrictions according to national practices (classified in the maturity band ‘up to and including three months’) and investment accounts without a period of notice or agreed maturity, but which contain restrictive drawing provisions (classified in the maturity band ‘over three months’).
Deposits with agreed maturity : are non-transferable deposits that cannot be converted into currency before an agreed fixed term or can be converted into currency before an agreed term, but the holder is then charged a penalty. Financial products with roll-over provisions must be classified according to their earliest maturity. Although deposits with an agreed maturity may allow for earlier redemption after prior notification or may be redeemable on demand subject to penalties, these features are not considered relevant for classification purposes.
Direct debits : are payment instruments authorising a debit on the payer’s bank account, which is initiated by the payee on the basis of an authorisation given by the payer.
Dividend shares issued by limited liability companies : are securities, which according to the country and the circumstances in which they are created, have a variety of names such as founders’ shares, profits shares, dividends shares, etc. These securities: (i) do not form part of the registered capital; (ii) do not give the holders the status of joint owners in the strict sense, and (iii) do not entitle the holders to a proportion of any profits remaining after dividends are paid on the registered capital and to a fraction of any surplus remaining on liquidation.
Electronic funds transfer at point of sale (EFTPOS) terminals : are POS terminals that capture payment information by electronic means. They may be designed to transmit such payment information either online (with a real-time request for authorisation) or offline.
Electronic money : means electronically, including magnetically, stored monetary value as represented by a claim on the issuer issued on receipt of funds for the purpose of making payment transactions, and accepted by a natural or legal person other than the electronic money issuer.
E-money card-loading/card-unloading transaction : is a transaction allowing the transfer of e-money from an issuer of e-money to a card with an e-money function and vice versa.
E-money card terminals : allow the transfer of e-money from an issuer of e-money to a card with an e-money function and vice versa (e-money card-loading/unloading terminal) or from the balance on a card to the balance of a beneficiary (e-money card-accepting terminal).
Electronic money institution : is a legal person that has been granted authorisation to issue electronic money.
E-money purchase transaction : is a transaction whereby the holder of e-money transfers e-money from their balance to the balance of the beneficiary, either with an e-money card or with other e-money storage device.
Equity funds : are investment funds primarily investing in shares and other equity. The criteria for classifying investment funds into equity funds are derived from the public prospectus, fund rules, instruments of incorporation, established statutes or by-laws, subscription documents or investment contracts, marketing documents, or any other statement with similar effect.
Euro banknotes and coins held by the central government : are banknotes and coins issued by the European Central Bank, euro area national central banks and central governments, and are held by the central government.
Eurobonds : are bonds, placed simultaneously on the market of at least two countries and denominated in a currency which need not be that of either, usually through an international syndicate of financial corporations from several countries.
Exceptional revision : is a revision to data referring to periods prior to the previous reference period.
Financial auxiliaries : consist of all financial corporations and quasi-corporations that are principally engaged in auxiliary financial activities (ESA 95, paragraphs 2.57-2.59).
Financial corporations engaged in lending (FCLs) : classified as OFIs, are financial corporations principally specialised in asset financing for households and non-financial corporations. Corporations specialising in financial leasing, factoring, mortgage lending and consumer lending are included in this category. These financial corporations may operate under the legal form of a building society, municipal credit institution, financial vehicle corporation created to hold securitised assets, etc.
Financial derivatives : are financial assets based on or derived from a different underlying instrument. This underlying instrument is usually another financial asset, but may also be a commodity or an index (ESA 95, paragraph 5.65).
Financial vehicle corporations engaged in securitisation transactions : are defined in Article 1(1) of Regulation (EC) No 24/2009 (ECB/2008/30).
Fixed rate issues : include all issues where the coupon payment, based on the security principal coupon rate, does not change during the life of the issue. Securities that are not issued at straight fixed or straight variable rates, i.e. mixed rate issues, are also included (e.g. fixed then variable rate issues, variable then fixed rate issues, issues that do not have the same coupon payment over the lifetime of the securities, step-up securities and step-down securities).
Flows, also referred to as (financial) transactions : are calculated by taking the difference between end-month stocks and then removing those effects that do not arise from transactions. Non-transaction developments are removed by means of flow adjustments.
Funds : mean cash, scriptural money and electronic money.
Funds of funds : are investment funds primarily investing in investment funds’ shares or units. The criteria for classifying investment funds into funds of funds are derived from the public prospectus, fund rules, instruments of incorporation, established statutes or by-laws, subscription documents or investment contracts, marketing documents, or any other statement with similar effect. They are to be classified in the category of funds in which they primarily invest.
General government : includes resident units, which are principally engaged in the production of non-market goods and services intended for individual and collective consumption and/or in the redistribution of national income and wealth (ESA 95 paragraphs 2.68-2.70). General government includes the central government, state government, local government and social security funds (ESA 95, paragraphs 2.71-2.74). For further guidance on the sectoral classification, please refer to the Money and Banking Statistics Sector Manual: Guidance for the statistical classification of customers, European Central Bank, second edition, November 1999.
General public funds : are funds whose units/shares are sold to the public.
Global bonds : are bonds that are issued simultaneously on the domestic and euro market.
Hardware-based e-money : includes e-money products that provide customers with a portable electronic device, typically an integrated circuit card containing a microprocessor chip (e.g. prepaid cards).
Hedge funds : shall, for the purpose of this Guideline, mean any collective investment undertakings regardless of its legal structure under national laws, which apply relatively unconstrained investment strategies to achieve positive absolute returns, and whose managers, in addition to management fees, are remunerated in relation to the fund’s performance. For that purpose, hedge funds have few restrictions on the type of financial instruments in which they may invest and may therefore flexibly employ a wide variety of financial techniques, involving leverage, short-selling or any other techniques. This definition also covers funds that invest, in full or in part, in other hedge funds provided that they otherwise meet the definition. These criteria to identify hedge funds must be assessed against the public prospectus as well as fund rules, statutes or by-laws, subscription documents or investment contracts, marketing documents or any other statement with similar effect of the fund.
Households : comprise individuals or groups of individuals as consumers and producers of goods and non-financial services exclusively for their own final consumption, and as producers of market goods and non-financial and financial services provided that their activities are not those of quasi-corporations. Included are non-profit institutions which serve households and which are principally engaged in the production of non-market goods and services intended for particular groups of households (ESA 95, paragraphs 2.75-2.88).
Insurance companies : are defined as undertakings that have received official authorisation in accordance with Article 6 of First Council Directive 73/239/EEC of 24 July 1973 on the coordination of laws, regulations and administrative provisions relating to the taking-up and pursuit of the business of direct insurance other than life assurance or Article 6 of First Council Directive 79/267/EEC of 5 March 1979 on the coordination of laws, regulations and administrative provisions relating to the taking up and pursuit of the business of direct life assurance. The reinsurance business is excluded.
Insurance corporations and pension funds : comprise non-monetary financial corporations and quasi-corporations principally engaged in financial intermediation as a consequence of the pooling of risks (ESA 95, paragraphs 2.60-2.67).
Interbank funds transfer systems (IFTS) : are formal arrangements, based on private contract or statutory law, with multiple membership, common rules and standardised arrangements for the transmission and settlement of money obligations arising between members, in which most or all direct participants are credit institutions and which is used primarily to process cashless payments.
International institutions : comprise supranational and international organisations, such as the European Investment Bank, the IMF and the World Bank.
Internet/PC-linked overnight deposits : are overnight deposit accounts held by non-MFIs that the account holder can access and use electronically via the internet or with PC banking applications via dedicated software and dedicated telecommunication lines (e.g. in order to make credit transfers and pay bills). They often require an extension of the contract, between the account holder and their MFI, to include such services and may also require that the MFI provide the account holder with electronic identifiers (PINs, TANs, etc.).
Intraday borrowing from the central bank : is the total value of credit extended by the central bank to credit institutions and reimbursed within a period of less than one business day.
Investment funds : are defined by the first indent of Article 1 of Regulation ECB/2007/8.
Issuers of securities : are those corporations and quasi-corporations engaged in issuing securities and incurring a legal obligation to the bearers of these instruments in accordance with the terms of the issue.
Issue of bonus shares : is the remittance of new shares to shareholders in proportion to their existing holdings.
Leasing : is defined for statistical purposes as financial leasing when the leasing period covers all or most of the economic lifetime of the durable good. At the end of the leasing period, the lessee often has the option to buy the good at a nominal price (ESA 95, Annex II).
Loans : are funds lent by reporting agents to borrowers that are not evidenced by documents or are represented by a single document (even if it has become negotiable).
Loan transfer : is an operation similar to a securitisation in which MFIs sell loans to investors in a process that does not involve the issue of securities. The economic purpose of this operation and its statistical treatment is, however, in certain respects similar to a securitisation.
Long-term debt securities : comprise all issues of debt securities with a long-term original maturity of more than one year; long-term securities are generally issued with coupons (see ESA 95 paragraphs 5.60-5.64). This corresponds to the ESA 95 category F.332.
M-payment : is a payment whereby a mobile phone is used to issue the payment order and possibly transfer the means of payment.
Means of payments, also referred to as settlement media : are assets or claims on assets that are accepted by the payee as discharging a payment obligation of the payer vis-à-vis the payee.
Merchant : is a professional, or body representing a group of professionals, authorised to receive funds in exchange for the delivery of goods or services and has established an agreement with a credit institution for accepting such funds (means of payment). A merchant may operate a server (merchant’s server), which may enable a customer to choose a means of payment and which stores the transaction for ultimate compensation.
Mixed funds : are investment funds investing in both equity and bonds with no prevalent policy in favour of one or the other instrument. The criteria for classifying investment funds into mixed funds are derived from the public prospectus, fund rules, instruments of incorporation, established statutes or by-laws, subscription documents or investment contracts, marketing documents, or any other statement with similar effect.
Monetary financial institutions (MFIs) other than central banks : are defined by Article 2(1) of Regulation ECB/2001/13 of 22 November 2001 concerning the consolidated balance sheet of the monetary financial institutions sector.
Money Market Funds (MMFs) : are defined in Article 1a of Regulation (EC) No 25/2009 (ECB/2008/32).
Money-holding sector : includes all non-MFI residents in the euro area, excluding the central government sector.
Money order : is an instrument, often used by persons who do not have a current account with a financial institution, which is used to remit money to a named payee, to pay bills, or to transfer money to another person or company. Postal orders are money orders in which the drawee is a postal institution.
Net asset value (NAV) : of an investment fund is the value of its assets minus its liabilities, excluding investment fund shares.
Non-financial corporations : comprise corporations and quasi-corporations that are primarily engaged in the production of market goods and non-financial services, but are not engaged in financial intermediation (ESA 95, paragraphs 2.21-2.31).
Non-monetary financial institutions (non-MFIs) : are defined in Annex I, Part 3, of Regulation ECB/2001/13 of 22 November 2001 concerning the consolidated balance sheet of the monetary financial institutions.
Non-resident issuers : comprise units that are: (i) located in the economic territory of the reporting country, but which do not and do not intend to engage in economic activities or transactions for a period of one year or more in the territory of the reporting country; or (ii) located outside the economic territory of the reporting country.
Notional resident units : are (i) non-resident units which have a centre of economic interest on the economic territory of the country or (ii) non-resident units in their capacity as owners of land or buildings on the economic territory of the country, but only in respect of transactions affecting such land or buildings (ESA 95 paragraph 2.15).
Office : is a place of business that forms a legally dependent part of (i) a credit institution or a non-EEA-based bank, (ii) a central bank, or (iii) another institution offering payment services to non-MFIs, and directly carries out some or all of the transactions inherent to the credit institutions business.
Open-end investment funds : are investment funds the units or shares of which are, at the request of the holders, repurchased or redeemed directly or indirectly out of the undertaking’s assets.
Ordinary revision : is the revision of data referring to the period preceding the current one.
Other categories of OFIs : is a residual category composed of financial corporations that do not specialise in any of the areas of activity that apply to the other three OFI categories (investment funds, securities and derivatives dealers and financial corporations engaged in lending). For example, financial holding corporations, venture capital companies and development capital companies are included in this category.
Other deposits : are all holdings in deposits other than transferable deposits. Other deposits cannot be used to make payments at any time and are only convertible into currency or transferable deposits subject to a significant restriction or penalty. This subcategory includes time deposits, savings deposits, etc. (ESA 95, paragraphs 5.45-5.49).
Other equity : comprises all transactions in other equity that are not covered by quoted and unquoted shares (ESA 95, paragraphs 5.94-5.95).
Other financial intermediaries (OFIs) : are non-monetary financial corporations and quasi-corporations (excluding insurance corporations and pension funds) principally engaged in financial intermediation by incurring liabilities in forms other than currency, deposits and/or close substitutes for deposits from institutional units other than MFIs (ESA 95, paragraphs 2.53-2.56).
Other funds : are investment funds other than bond funds, equity funds, mixed funds, real estate funds or hedge funds.
Overnight deposits : are deposits that are convertible into currency and/or are transferable on demand by cheque, banker’s order, debit entry or similar means, without significant delay, restriction or penalty. Balances representing prepaid amounts in the context of e-money, either in the form of hardware-based e-money (e.g. prepaid cards) or software-based e-money issued by MFIs, are included. Non-transferable deposits, which are technically withdrawable on demand but which are subject to significant penalties, are excluded.
Over-the-counter (OTC) cash transaction : is a cash deposit to or cash withdrawal from an account at a bank using a bank form. These transactions do not represent payments in the strict sense since they comprise only a change from the central bank money to the bank account money or vice versa.
Participant : is an entity identified/recognised by the transfer system and which is allowed to send/and capable of receiving transfer orders to/from the system, either directly or indirectly.
Payment instrument : is a tool or a set of procedures enabling the transfer of funds from the payer to the payee.
Payment order : is any instruction by a payer or payee to his payment service provider requesting the execution of a payment transaction.
Payment service : is a business activity consisting in the execution of payment transactions on behalf of a natural or legal person, where at least one of the payment service providers is located in the European Community. For the purposes of payments statistics, a payment service is understood as the acceptance by an entity (e.g. a credit institution) of a payment transaction for further execution (which may be the task of another entity) by way of cashless clearing and/or settlement. Payment service is not linked to providing technical infrastructure (e.g. telecommunication or payment terminals installed at retailers) or to providing the settlement (e.g. payment system).
Payment service provider : is a natural or legal person whose regular occupation or business activity includes the provision of payment services to payment service users.
Payment service user : is a natural or legal person that makes use of a payment service as payer and/or payee. The payer is the party in a payment transaction issuing the payment order or agreeing to the transfer of funds to a payee. The payee or beneficiary is a natural or legal person that is the intended final recipient of funds, which are the subject of a payment transaction.
Payment transaction : is an act, initiated by the payer or payee, of depositing, withdrawing or transferring funds from a payer to a payee, irrespective of any underlying obligations between payment service users. See also funds and means of payment.
Point of sale (POS) terminals : are devices allowing the use of payment cards at a physical rather than virtual point of sale. A point of sale (POS) means the provision of goods and services at attended or unattended terminals.
POS transaction : is a transaction performed through a POS terminal using a card with a debit, credit or delayed debit function.
Private placements : refer to the sale of an issue of equity securities to a single buyer or to a limited number of buyers without a public offering.
Privately issued bonds : are bonds restricted by bilateral agreement to certain investors, if the bonds are at least potentially transferable.
Quoted shares, also referred to as listed shares, excluding investment fund’s shares/units : are all shares with prices quoted on a recognised stock exchange or other form of regulated market (ESA 95, paragraphs 5.88-5.93). Quoted shares are valued and reported at market values. This corresponds to the ESA 95 category F.511.
Real estate funds : are investment funds primarily investing in real estate. The criteria for classifying investment funds into real estate funds are derived from the public prospectus, fund rules, instruments of incorporation, established statutes or by-laws, subscription documents or investment contracts, marketing documents, or any other statement with similar effect.
Redeemed shares in limited liability companies : are shares whose capital has been repaid but which are retained by the holders who continue to be joint owners and to be entitled to a share in the profits left after dividends have been paid on the remaining registered capital and also to a share in any surplus which may be left on liquidation.
Residency of issuer : the issuing unit is defined as a resident of the reporting country when it has a centre of economic interest in the economic territory of the reporting country, that is, when it engages for an extended period (one year or more) in economic activities in this territory (ESA 95, paragraph 1.30).
Securitisation : is a process whereby finance can be raised from external investors by enabling them to invest in parcels of specific financial assets. This operation consists of the MFI either selling loans to an intermediary and the subsequent or simultaneous issue of securities by that intermediary backed by the loans, or acquiring securities issued by the debtor as a replacement for a loan (without involving any intermediary). Both types of operations give rise to the same result in the MFI balance sheet.
Security and derivative dealers (SDDs) : classified as OFIs, are financial corporations principally engaged in the following financial intermediation activities: (i) trading of securities on their own account, through the acquisition and sale of those securities for the account and risk of an intermediary, for the exclusive purpose of benefiting from the margin between the acquisition and selling price; and (ii) trading on their own account, through a financial intermediary authorised to operate on the stock market, or on other organised markets.
Settlement media, also referred to as means of payment : means assets or claims on assets, which are used for payments.
Shares : (quoted and unquoted) comprise all financial assets, which represent property rights on corporations or quasi-corporations. These financial assets generally entitle the holders to a share in the profits of the corporations or quasi-corporations and to a share in their net assets in the event of liquidation.
Shares and other equity, excluding investment fund shares : refer to securities holdings, which represent property rights in corporations or quasi-corporations. These securities generally entitle the holders to a share in the profits of corporations or quasi-corporations and to a share in their own funds in the event of liquidation.
Short-term debt securities : consist of all issues of debt securities with a short-term original maturity of one year or less; short-term securities are generally issued at a discount. This sub-position does not include securities whose negotiability, while theoretically possible, is very restricted in practice (ESA 95, paragraphs 5.56-5.59). This corresponds to the ESA 95 category F.331.
Social security funds : are defined as central, state and local institutional units whose principal activity is to provide social benefits (ESA 95, paragraph 2.74).
Software-based e-money : refers to e-money products that use specialised software on a personal computer and can typically be used to transfer the electronic value via telecommunication networks such as the Internet.
Special investors funds : are funds where the units/shares are reserved for certain types of investors.
Split share issues : are issues of shares where the corporation or quasi-corporation increases the number of shares by a ratio or multiple.
State and local government : state government comprises separate institutional units exercising some governmental functions at a level below that of the central government and above that of the local government, except for the administration of social security funds. Local government comprises public administration whose competence extend only to a local part of the economic territory of the reporting country, excluding local agencies of social security funds (ESA 95, paragraphs 2.72 and 2.73).
Sub-funds : specify a separate class or designation of unit within a fund which invests in a separate pool or portfolio of investments. A ‘sub-fund’ is also known as a ‘compartment’. Each sub-fund constitutes an autonomous and specialised establishment. Specialisation may relate to a particular financial instrument or a given market.
Subordinated bonds, often referred to as subordinated debt : provide a subsidiary claim on the issuing institution that can only be exercised after all claims with a higher status (e.g. deposits/loans or senior debt securities) have been satisfied, which in some instances may give them some of the characteristics of ‘shares and other equity’.
Subsidiaries : are separate incorporated entities in which another entity has a majority or full participation.
Terminals : are electromechanical devices allowing authorised users to access a range of services. Users access the services at the terminal with a card that has one or more of the following functions: cash, debit, delayed debit, credit and e-money. Terminals are physical access points and can be attended terminals (requiring the involvement of a terminal operator or cashier) or unattended terminals (designed to be used by the cardholder in self-service mode).
Transferable deposits : are deposits (in national or foreign currency), immediately convertible into currency or transferable by cheque, banker’s order, debit entry or the like, without any kind of significant restriction or penalty (ESA 95, paragraphs 5.42-5.44).
Unquoted shares, excluding investment fund shares : are shares that are not quoted (ESA 95, paragraphs 5.88-5.93).
Variable rate issues : include all coupon paying issues where the coupon or principal is periodically re-fixed by reference to an independent interest rate or index.
Zero coupon bonds : include all issues without coupon payment. Usually such bonds are issued at a discount and redeemed at par. They also include bonds issued at par and redeemed at a premium, for example bonds with the redemption value linked to an exchange rate or an index. Most of the discount or premium represents the equivalent of the interest accrued during the life of the bond.
( 1 ) OJ L 333, 17.12.2001, p. 1. Regulation as last amended by Regulation ECB/2006/20 (OJ L 2, 5.1.2007, p. 3).
( 2 ) OJ L 250, 2.10.2003, p. 10.
( 3 ) OJ L 10, 12.1.2002, p. 24. Regulation as amended by Regulation ECB/2004/21 (OJ L 371, 18.12.2004, p. 42).
( 4 ) OJ L 211, 11.8.2007, p. 8.
( 5 ) OJ L 318, 27.11.1998, p. 8.
( 6 ) OJ L 372, 31.12.1986, p. 1. Directive as amended by Directive 2006/46/EC of the European Parliament and of the Council (OJ L 224, 16.8.2006, p. 1).
( 7 ) OJ L 58, 3.3.2003, p. 1.
( 8 ) OJ L 310, 30.11.1996, p. 1. Regulation as last amended by Regulation (EC) No 1267/2003 of the European Parliament and of the Council (OJ L 180, 18.7.2003, p. 1).
( 9 ) In principle the balance sheet is drawn up as at the last calendar day of the month/quarter without regard to local bank holidays. In the many cases where this is not possible the balance sheet is drawn up at the end of the last working day in accordance with national market or accounting rules.
( 10 ) I.e. transactions.
( 11 ) I.e. inclusion or exclusion of MFIs if the business has been transferred into or out of the MFI sector.
( 12 ) I.e. mergers and acquisitions.
( 13 ) European Monetary Institute, Money and Banking Statistics Compilation Guide — Guidance provided to NCBs for the compilation of money andbanking statistics for submission to the ECB, available on www.ecb.int.
( 14 ) In principle, the assets and liabilities are drawn up as at the last calendar day of the month or quarter without taking into account local bank holidays. However, in many cases this will not be possible and the assets and liabilities will be drawn up at the end of the last working day in accordance with national market or accounting rules.
( 15 ) OJ L 15, 20.1.2009, p. 14.
( 16 ) OJ L 15, 20.1.2009, p. 1.
( 17 ) For example, estimations, e.g. interpolations and extrapolations, may be necessary when data are collected from public or supervisory sources at a frequency lower than quarterly and with a timeliness longer than the 28th working day following the reference period.;
( 18 ) Values that are the result of estimates must be sent with an observation status (OBS_STATUS) attribute ‘E’, and with an observation comment (OBS_COM) describing the details of the estimation procedure.
( 19 ) Reclassification adjustments are to be transmitted to the ECB for all cells; revaluation adjustments only for cells marked with a #.
( 20 ) Central counterparties.
( 21 ) Sole proprietors/unincorporated partnerships.
( 22 ) OJ L 250, 2.10.2003, p. 10.
( 23 ) For this indicator, the corresponding ESA 95 sector is S.125a.
( 24 ) For this indicator, the corresponding ESA 95 sector is S. 125b.
( 25 ) In the MFI balance sheet no distinction is made between deposits and loans on the asset and liability side. Instead, all non-negotiable funds placed with/lent to MFIs (= liabilities) are deemed to be in ‘deposits’ and all funds placed by/lent by the MFIs (= assets) are deemed to be ‘loans’. However, the ESA 95 outlines the difference based on the criterion of who initiates the transaction. Where the borrower takes the initiative, the financial transaction must be classified as a loan. Where the lender takes the initiative, the transaction must be classified as a deposit.
( 26 ) ESA 95 category F.33.
( 27 ) ESA 95 category F.511.
( 28 ) Block A for NCBs and Block B for the BIS.
( 29 ) ESA 95 category F.511.
( 30 ) Not defined as a financial transaction; see paragraphs 5.93 and 6.56 of the ESA 95, and Section 4 (b) of this Part.
( 31 ) Transaction on a secondary market involving a change of the holder; not covered by these statistics.
( 32 ) Considered as two financial transactions; see paragraphs 5.62 and 6.54 of the ESA 95, and Section 4 (a) (ii) of this Part.
( 33 ) Transaction on a secondary market involving a change of the holder; not covered by these statistics.
( 34 ) Since 1 January 1999, for securities issued by domestic residents in euro (part of Block A) no exchange rate valuation is required, and securities issued by domestic residents in euro/national denominations (remaining part of Block A) are converted into euro applying the irrevocable conversion rates of 31 December 1998.
( 35 ) ESA 95, paragraph 6.58.
( 36 ) End of period.
( 37 ) Total value of credit extended by the central bank to credit institutions and reimbursed within a period of less than one business day. This is the average of the daily maximum value of simultaneous and actual intraday overdraft positions or drawings on intraday credit facilities during the day for all credit institutions taken together. All days in the maintenance period, including weekends and bank holidays, are considered in the average.
( 38 ) OJ L 237, 8.9.2007, p. 1.
( 39 ) OJ L 18, 23.1.2006, p. 1.
( 40 ) For NCBs, the country of residence of the issuing sector is the NCB's country of residence.
( 41 ) All attributers specified in the table in Section 1, which are set by the ECB, are not covered in this table.
( 42 ) If OBS_STATUS is reported as ‘B’ a value has to be reported under the attribute OBS_PRE_BREAK.
( 43 ) The observation status ‘E’ is to be adopted for all observations or periods of data that are the result of estimates and cannot be considered as normal values.
( 44 ) The four objects observation value plus OBS_STATUS, OBS_CONF and OBS_PRE_BREAK are treated as one entity. This means that NCBs are obliged to send all complementary information for an observation. (When attributes are not reported, their previous values are overwritten by default values.)
( 45 ) The European System of Accounts 1995, contained in Annex A to Council Regulation (EC) No 2223/96 of 25 June 1996 on the European system of national and regional accounts in the Community.
( 46 ) This is in accordance with the ESA 95 and other international statistical standards.
( 47 ) Nevertheless, in the case of IF statistics, this Guideline requests data on the sales and redemptions of IF shares/units to the extent that data are available at NCBs, including on a best estimate basis (Article 18(1)(d)).
( 48 ) The definition and classification of ‘other changes’ is largely consistent with the ESA 95. ‘Reclassifications and other adjustments’ is broadly equivalent to ‘other changes in volume’ (K.3-K.10 and K.12), whereas ‘revaluations’ may be transferred to ‘nominal holding gains/losses’ (K.11). For BSI statistics, an important deviation concerns the inclusion of ‘loan write-offs’ within ‘revaluations’, whereas in the ESA 95 they are regarded as ‘changes in volume’ (paragraph 5.09). In fact, the reporting scheme for the derivation of flows permits data to be compiled in accordance with the ESA 95 because loan ‘write-offs/write-downs’ is the only entry under the column ‘revaluation adjustments’ for the item ‘loans’. The inclusion of ‘loan write-offs’ within ‘revaluations’ also deviates from the international investment position (i.i.p.) rules. In the i.i.p. these are treated as ‘other adjustments’ and not as ‘price or exchange rate changes’. For IF statistics, loans ‘write-offs/write-downs’ are not requested.
( 49 ) The adjustments corresponding to the ECB’s own balance sheet are reported by the ECB Directorate Internal Finance.
( 50 ) This criterion applies in borderline cases, for example, the establishment of a new bank that takes over the operations previously carried out by a representative office on behalf of a non-resident bank, gives rise to a transaction flow that is not removed from the statistical flow.
( 51 ) See the ECB press release of 7 July 1998.
( 52 ) Nevertheless, write-offs associated with transactions are not always reported, which implies a deviation from this principle, which is allowed under Regulation ECB/2001/13.
( 53 ) The definition and valuation of financial transactions for the purposes of compiling flows statistics for BSI statistics differs in some aspects from those provided for in the ESA 95 to calculate financial accounts (flows). The ESA 95 states that financial transactions arising from timing differences between accrued or distributive transactions or financial transactions on the secondary market and the corresponding payment are classified as ‘F.79 Other accounts receivable/payable excluding trade credits and advances’ (paragraphs 5.128 and 5.129). By contrast, the ESA 95 also states that ‘preferably the counterpart financial transaction of interest accruing on financial assets … should be recorded as being reinvested in that financial asset’. The recording of interest, however, has to follow national practice. If interest accrual is not recorded as being reinvested in the financial asset, it is recorded in ‘other accounts receivable/payable’ (paragraph 5.130). In the balance of payments, accruals are treated as an increase in the value of the financial instrument. As a consequence, a deviation arises when accrued interests are included in ‘remaining assets’ or ‘remaining liabilities’. The treatment of accrued interest on negotiable instruments in the context of MFI balance sheet statistics (both stocks and flows) may be subject to further examination.
( 54 ) Write-offs/write-downs on loans for which the MFI acts as a servicer may occur because the loans are still subject to on-balance sheet recording, either on the individual accounts of the MFI or at group level, and the servicing data reported to the NCB is sourced from these. They may also occur when the servicer must state a reduced principal loan balance for impaired loans in order to be in compliance with the investor agreements.
( 55 ) The counterpart of the revaluation on the assets side, in the case of MMFs, is not ‘money market fund shares/units’ but ‘remaining liabilities’.
( 56 ) OJ L 356, 30.12.1998, p. 7. Regulation as repealed by Regulation ECB/2001/13.
( 57 ) In accordance with Regulation ECB/2007/8, NCBs collect either the data on revaluations due to price and exchange rate changes from IFs or alternatively NCBs collect from IFs only the data on revaluations due to price changes and the necessary data, which cover, at a minimum, a currency breakdown into British Pounds, US Dollars, Japanese Yens and Swiss Francs, in order to derive the revaluations due to exchange rate changes.
( 58 ) In the ESA 95 mergers are considered as a change in structure, see ‘changes in sector classification and structure’ (K.12.1).
( 59 ) A change in the reporting population does not necessarily imply a change in the number of reporting institutions. It is the business that was not reported and that is now that makes the difference.
( 60 ) The ESA 95 treats debt assumption as a capital transfer, i.e. ‘the counterpart transaction of debt assumption … is classified in the category capital transfers’ (paragraph 5.16) and, by definition, the financial counterpart of a capital transfer is a transaction. While the interpretation of the ESA 95 provided here and the proposed treatment of debt assumption within MFI balance sheet statistics is fully in line with the treatment of debt assumption in the euro area financial accounts, attention is drawn to the existence of certain exceptions to the rule that debt assumption is treated as a capital transfer (listed in the ESA 95 paragraphs 5.16, 6.29 and 6.30). However, these exceptions only apply where the debt assumption involves the central government absorbing a public corporation, i.e. subsuming the corporation into the central government. In this case, the operation is not treated as a financial transaction, but as a sector reclassification, i.e. from the other resident sectors to central government. In order to remove the impact of this sector reclassification from the flows, NCBs must submit an adjustment for this reclassification.
( 61 ) The sign conventions are as follows: + means an increase, — means a decrease, — means no change in that item.
( 62 ) The terminology used for the accounts is that of the MFI balance sheet. Therefore ‘capital’ means ‘profit and loss account’ in the case of the other resident sectors and ‘net lending or borrowing’ in the case of the central government.
( 63 ) As set out in Annex I to Regulation (EC) No 1893/2006 of the European Parliament and of the Council of 20 December 2006 establishing the statistical classification of economic activities NACE Revision 2 and amending Council Regulation (EEC) No 3037/90 as well as certain EC Regulations on specific statistical domains (OJ L 393, 30.12.2006, p. 1).