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Document 32014O0015

2014/810/EU: Guideline of the European Central Bank of 4 April 2014 on monetary and financial statistics (ECB/2014/15)

OJ L 340, 26.11.2014, p. 1–209 (BG, ES, CS, DA, DE, ET, EL, EN, FR, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)

In force: This act has been changed. Current consolidated version: 02/10/2019

ELI: http://data.europa.eu/eli/guideline/2014/810/oj

26.11.2014   

EN

Official Journal of the European Union

L 340/1


GUIDELINE OF THE EUROPEAN CENTRAL BANK

of 4 April 2014

on monetary and financial statistics

(recast)

(ECB/2014/15)

(2014/810/EU)

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 (EC) No 1745/2003 of the European Central Bank of 12 September 2003 on the application of minimum reserves (ECB/2003/9) (1),

Having regard to Council Regulation (EC) No 2533/98 of 23 November 1998 concerning the collection of statistical information by the European Central Bank (2),

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 (3),

Having regard to Guideline ECB/2010/20 of 11 November 2010 on the legal framework for accounting and financial reporting in the European System of Central Banks (4),

Whereas:

(1)

Guideline ECB/2007/9 (5) has been significantly amended. Since further amendments are to be made, in particular in the light of Regulation (EU) No 549/2013 of the European Parliament and of the Council (6) concerning the European system of national and regional accounts and the consequent changes in relevant European Central Bank (ECB) statistical regulations, it should be recast in the interests of clarity.

(2)

For compiling statistics on the aggregated balance sheet of the monetary financial institution (MFI) sector for the euro area and for individual Member States whose currency is the euro (hereinafter the ‘euro area Member States’), as well as the euro area consolidated balance sheet of the MFI sector and the relevant euro area monetary aggregates, the ECB requires the reporting of data on the ECB balance sheet, and on balance sheets relating to the MFI sector of euro area Member States. Data are to be reported by national central banks (NCBs) in accordance with this Guideline and using the input collected in accordance with Regulation (EU) No 1071/2013 of the European Central Bank (ECB/2013/33) (7).

(3)

In order to derive monetary aggregates the ECB collects from the NCBs of the euro area Member States statistical information on post office giro institutions (POGIs) that receive deposits from non-monetary financial institution euro area residents in accordance with Regulation (EU) No 1074/2013 of the European Central Bank (ECB/2013/39) (8) and on central government assets and liabilities in accordance with this Guideline.

(4)

The ECB compiles statistics on the aggregated balance sheet of sub-groups of the MFI sector, and specifically on money market funds (MMFs) and credit institutions. To derive these statistics for the euro area and individual euro area Member States, the ECB collects from the NCBs data on the assets and liabilities of MMFs in accordance with this Guideline.

(5)

NCBs may transmit to the International Monetary Fund (IMF) supplementary statistics on the balance sheet of the MFI sector via the ECB in accordance with the templates specified in this Guideline.

(6)

To better analyse developments in MFI loans to non-financial corporations in the euro area and individual euro area Member States, the ECB requires NCBs to report, where available, data on MFI loans to non-financial corporations by branch of activity. The data requirements are specified in this Guideline.

(7)

To complement the analysis of credit developments in the euro area and individual euro area Member States, NCBs are requested to provide information on MFI credit lines broken down by institutional sector in accordance with this Guideline.

(8)

To produce statistics on the reserve base of credit institutions for the euro area and individual euro area Member States in accordance with Regulation (EC) No 1745/2003 (ECB/2003/9), the ECB requires data from NCBs in accordance with this Guideline. NCBs provide their input using data collected from credit institutions pursuant to Regulation (EU) No 1071/2013 (ECB/2013/33).

(9)

In order to derive statistics on interest rates applied by MFIs to deposits and loans vis-à-vis households and non-financial corporations for the euro area and individual euro area Member States, the ECB collects information from NCBs in accordance with this Guideline. NCBs provide their input using data collected in accordance with Regulation (EU) No 1072/2013 of the European Central Bank (ECB/2013/34) (9).

(10)

The ECB compiles statistics on the assets and liabilities of investment funds (IFs) and financial vehicle corporations engaged in securitisation transactions (‘FVCs’) for the euro area and individual euro area Member States based on data provided by NCBs in accordance with this Guideline. NCBs provide their input using data collected in accordance with Regulation (EU) No 1073/2013 of the European Central Bank (ECB/2013/38) (10) and Regulation (EU) No 1075/2013 of the European Central Bank (ECB/2013/40) (11).

(11)

To obtain an overview of the size and development of the issuance of electronic money, the ECB requires NCBs to report statistical information on electronic money institutions in accordance with this Guideline.

(12)

The ECB maintains the Register of Institutions and Affiliates Database (RIAD), a central repository of reference data on institutional units relevant for statistical purposes. RIAD stores, inter alia, the lists of MFIs, IFs, FVCs and payment statistics relevant institutions (PSRIs). This Guideline specifies the provisions governing how NCBs report the required data to the ECB.

(13)

The ECB compiles statistics on the assets and liabilities of pension funds (PFs) for the euro area and individual euro area Member States based on data provided by NCBs in accordance with this Guideline.

(14)

To obtain an overview of other financial intermediaries except insurance corporations and pension funds (OFIs), the ECB requires NCBs to report statistical information on security and derivative dealers (SDDs), financial corporations engaged in lending (FCLs), and other OFIs in accordance with this Guideline. In addition, the ECB requires NCBs to report statistical information on central counterparties (CCPs).

(15)

The ECB compiles statistics on securities issues for the euro area and individual euro area Member States. The framework relies heavily on information that the ECB collects from NCBs in accordance with this Guideline.

(16)

In accordance with Article 2(1) of Regulation (EC) No 2533/98, the ECB compiles the balance of payments for the euro area and related external statistics and requires euro area Member States to report national balance of payments data. The quality assessment for the euro area balance of payments and international investment position statistics and the international reserves template should be performed in accordance with the ECB Statistics Quality Framework that encompasses, inter alia, assurance of an appropriate consistency with relevant euro area monetary and financial statistics (12).

(17)

To compile data on euro area structural financial indicators, consolidated banking data for euro area banking groups and statistics on sectoral and regional lending exposures of large euro area banking groups, the ECB requires NCBs to report statistical information in accordance with the templates specified in this Guideline.

(18)

To analyse developments in euro area payment systems and monitor their degree of integration, the ECB requires NCBs to report data in accordance with this Guideline, which complements Regulation (EU) No 1409/2013 of the European Central Bank (ECB/2013/43) (13),

HAS ADOPTED THIS GUIDELINE:

Article 1

Scope

This Guideline establishes the NCBs’ obligations to report monetary and financial statistics to the ECB.

NCBs shall report the items referred to in Articles 3 to 26 in accordance with the schemes set out in Annex II and in accordance with the electronic reporting standards set out in Annex III. 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.

In cases of adoption of the euro, the following rules shall apply:

(a)

For MFI and MMF balance sheet statistics and statistics on IF and FVC assets and liabilities, NCBs of Member States whose currency is not the euro (hereinafter the ‘non-euro area Member States’) that adopt the euro following the entry into force of this Guideline shall report to the ECB back data covering all reference periods from their accession to the Union, and in any case covering at least the three years prior to their accession to the euro area. Data shall be compiled by the NCB as if the Member State in question was part of the euro area throughout all reference periods. In order to fulfil this requirement, NCBs of countries that accede to the Union are recommended to implement the requirements of these datasets in accordance with the templates for non-euro area Member States.

(b)

In addition to this general requirement, the following requirements apply in respect of MFI balance sheet items (BSI) statistics:

(i)

back data shall also cover the three years prior to the Member State’s accession to the Union, unless otherwise agreed with the ECB;

(ii)

NCBs of euro area Member States shall report positions vis-à-vis Member States that adopt the euro following the entry into force of this Guideline covering the three years prior to the euro area enlargement, unless otherwise agreed with the ECB. This principle shall apply only to monthly outstanding amounts reported in accordance with Regulation (EU) No 1071/2013 (ECB/2013/33). Reporting is mandatory only for those outstanding amounts exceeding EUR 50 million and is otherwise done on a voluntary basis.

(c)

For securities issues, the time series transmitted to the ECB shall commence from December 1989 for outstanding amounts, and from January 1990 for flows.

(d)

For payments statistics, five years of data shall be reported, including the latest reference year, on a best efforts basis.

(a)

Quarterly back data or estimates in line with the requirements of the revised European system of accounts (hereinafter the ‘ESA 2010’) laid down by Regulation (EU) No 549/2013 are needed for BSI, IF and FVC statistics as specified in Tables 1, 2 and 3 of Annex VI for the compilation of financial accounts. Data shall be reported to the ECB on a best efforts basis as follows: in September 2014 for the reference periods from Q4 2012 to Q2 2014; in December 2014 for the reference period Q3 2014; and in March 2015 for the reference period Q4 2014.

(b)

Back data or estimates for the new high priority features adopted in Regulation (EU) No 1071/2013 (ECB/2013/33) as specified in Table 4 of Annex VI for the reference periods from June 2014 onwards are needed on a best efforts basis by May 2015 to avoid a delay in the actual publication.

(c)

Back data or estimates for the new features adopted in Regulation (EU) No 1072/2013 (ECB/2013/34) and this Guideline as specified in Table 5 of Annex VI for the reference periods from June 2014 onwards are needed on a best efforts basis by May 2015.

Article 2

Definitions

For the purposes of this Guideline:

(1)

‘reporting agent’ and ‘resident’ have the same meanings as defined in Article 1 of Regulation (EC) No 2533/98;

(2)

‘Eurosystem’ means the NCBs of the euro area Member States and the ECB;

(3)

‘credit institution’ has the same meaning as defined in Article 4(1)(1) of Regulation (EU) No 575/2013 of the European Parliament and of the Council (14);

(4)

‘other MFIs’ means all MFIs other than central banks.

Article 3

Balance sheet item statistics on MFIs

NCBs shall compile and report two separate aggregated balance sheets, both on a gross basis, in accordance with the schemes laid down in Annex I to Regulation (EU) No 1071/2013 (ECB/2013/33): 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 balance sheets from their accounting systems by means of the dedicated bridging tables available on the ECB website (15). The tables will be amended as needed in cooperation with NCBs to reflect evolving situations, for example in order to ensure consistency with updated accounting rules. 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 balance sheets of other MFIs by aggregating the BSI data collected from resident individual MFIs excluding the resident NCB.

These requirements shall cover end-month and end-quarter outstanding amounts (stocks), monthly and quarterly flow adjustments data, and monthly and quarterly data on loan securitisations and other loan transfers. The balance sheet shall be drawn up as at the last calendar day of the month/quarter without regard to local bank holidays; if this is not possible, data relating to the last working day shall be used, in accordance with national market or accounting rules.

All items are mandatory; however, with reference to cells in Tables 3 and 4 of Part 3 of Annex I to Regulation (EU) No 1071/2013 (ECB/2013/33) corresponding to the non-euro area Member States, some special provisions apply, as described in paragraph 8. In addition, with reference to the requirements of Table 5 of Part 5 of Annex I to Regulation (EU) No 1071/2013 (ECB/2013/33) for reporting of securitised and derecognised loans which are serviced by MFIs, NCBs may extend the reporting requirements to include loans otherwise transferred which are serviced by MFIs. To the extent that this additional information is not included in the reporting under Table 5 of Part 5 of Annex I to Regulation (EU) No 1071/2013 (ECB/2013/33) but is available to the NCBs, the data shall be included in Table 4 of Part 1 of Annex II to this Guideline. To the extent that information on loans securitised or otherwise transferred which are not serviced by MFIs is available to NCBs (e.g. from OFIs or financial auxiliaries acting as servicers to the loans), these data shall be included in Table 4 of Part 1 of Annex II.

NCBs shall report statistical information on balance sheet items in accordance with Part 1 of Annex II.

The ECB shall calculate transactions by taking the difference between end-month stocks and then removing the effects that do not arise from transactions based on the following flow adjustments:

(i)

reclassifications and other adjustments, covering changes in the balance sheet stocks that arise due to changes in the composition and structure of the MFI population, changes in the classification of financial instruments and counterparties, changes in statistical definitions and the (partial) correction of reporting errors;

(ii)

revaluation adjustments due to changes in prices, comprising any change in the stock position due to the impact of movements in prices of assets and liabilities, and also reflecting the impact of write-offs or write-downs of loans; and changes in exchange rates, comprising any change in the stock position due to the impact of exchange rate movements on assets and liabilities denominated in foreign currency.

NCBs shall report to the ECB monthly and quarterly data relating to reclassifications and other adjustments and to revaluations due to price changes calculated in accordance with Annex IV. The ECB normally calculates revaluation adjustments for changes in exchange rates, although when NCBs are in a position to compile more accurate adjustments they may also transmit these adjustments to the ECB directly.

NCBs and the ECB’s business area responsible for financial reporting shall report monthly data to the ECB by close of business on the 15th working day following the end of the month to which the data relate, while quarterly data shall be reported by close of business on the 28th working day following the end of the quarter to which the data relate.

NCBs may need to revise the data referring to the last period prior to the current reference period. In addition, revisions referring to previous periods 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 ‘Manual on MFI balance sheet statistics’. 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 reported at the time of submitting the quarterly statistics. Whenever revisions to monthly data are reported but the national data production framework does not allow the generation of corresponding quarterly revisions, NCBs shall ensure, on a best efforts basis, that the consistency between monthly and quarterly data is maintained, e.g. by means of estimates.

Before transmitting data to the ECB, NCBs and the ECB’s business area responsible for financial reporting shall verify the internal consistency of the data in accordance with the checks defined and maintained by the ECB.

Where NCBs grant derogations to MMFs in accordance with Article 9(1)(a) of Regulation (EU) No 1071/2013 (ECB/2013/33), NCBs shall ensure that their combined contribution to the total national MMF balance sheet does not exceed:

(i)

10 % in each euro area 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 euro area 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.

Where NCBs grant derogations to MMFs in accordance with sub-paragraphs (i), (ii) or (iv) of Article 9(2)(b) of Regulation (EU) No 1071/2013 (ECB/2013/33), NCBs shall ensure that for each item the combined contribution of the derogations to the corresponding total amount in the national MFI balance sheet does not exceed 5 %. NCBs may also grant derogations to MMFs from the requirement to provide data on asset and liability positions vis-à-vis the euro area insurance corporations sector and the pension funds sector separately in accordance with sub-paragraph (iii) of Article 9(2)(b) of Regulation (EU) No 1071/2013 (ECB/2013/33). The NCBs shall distinguish between assets and liabilities vis-à-vis insurance corporations and pension funds, and between positions with domestic institutions and institutions resident in other euro area Member States, and may then grant derogations with respect to each block whose contribution does not exceed 5 % of the total national MMF balance sheet.

Where NCBs grant derogations to MFIs in accordance with Article 9 of Regulation (EU) No 1071/2013 (ECB/2013/33), 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 into different groups by reference 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 MMFs that are full reporters, their aggregated balance sheet shall be used as the basis for grossing-up,

if the coverage from MMFs that are full reporters is insufficient or there are no MMFs 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 account of 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.

NCBs shall inform the ECB of the derogations they apply and also provide information on the main elements of the new grossing-up procedures or changes to existing ones, if significant.

In compiling the central bank balance sheet, the NCBs and the ECB shall follow the harmonised accounting rules in Guideline ECB/2010/20 as amended and apply the bridging tables mentioned in Article 3(1). In particular:

(a)

where NCBs and the ECB are required for accounting purposes to revalue their securities portfolios on a monthly rather than quarterly basis, these revaluations shall also be reflected in the statistical balance sheet on a monthly basis;

(b)

for accounting items 9.5 ‘other claims within the Eurosystem (net)’ and 10.4 ‘other liabilities within the Eurosystem (net)’, NCBs shall identify assets separately from liabilities and report them on a gross basis;

(c)

where accounting item 14 ‘revaluation accounts’ is to be reported on a gross basis for accounting purposes, NCBs shall report it on a net basis for statistical purposes.

Article 8 of Regulation (EU) No 1071/2013 (ECB/2013/33) lays down the relevant accounting principles for the purposes of statistical reporting as regards ‘other MFIs’. In particular, without prejudice to accounting practices and netting arrangements prevailing in the euro area Member States, all financial assets and liabilities shall be reported on a gross basis. In addition, in respect of deposits and loans the principal amount outstanding, excluding amounts written down or written off, shall be reported. NCBs may, exceptionally, allow the reporting of loans net of provisions and the reporting of purchased loans at the price agreed at the time of their acquisition, subject to the conditions laid down in Article 8 of Regulation (EU) No 1071/2013 (ECB/2013/33).

As regards the valuation of other balance sheet items, and especially of securities held and issued, it is recommended that NCBs apply a market valuation in line with the requirements of the ESA 2010. However, the general requirement laid down in Article 8 of Regulation (EU) No 1071/2013 (ECB/2013/33) that MFIs shall follow the national transposition of Directive 86/635/EEC as well as any other applicable international standards implies that valuation practices for securities and other assets vary. The application of non-standardised valuation rules is therefore acceptable as long as the book value does not diverge significantly from the market value.

When transmitting data to the ECB, the NCBs and the ECB’s business area responsible for financial reporting shall provide explanatory notes accompanying special developments relating to the most recent reference period, including explanations concerning ‘reclassifications and other adjustments’, as well as relevant revisions to back periods. In particular, the explanatory notes shall be reported for developments, ‘reclassifications and other adjustments’ and revisions larger than EUR 5 billion (in absolute value) or in other cases when they are deemed economically significant, e.g. when developments in the reported series relate to large transactions during the reporting period, or when revisions determine significant changes in the economic interpretation of the aggregated developments. NCBs and the ECB shall provide additional explanations on the reported data at the request of the ECB.

The notes shall also indicate whether the identified significant developments, revisions or ‘reclassifications and other adjustments’ affecting the reported series are final or still subject to investigation.

NCBs shall report the explanatory notes preferably at the time of the data transmission and in any case before the closing of data production.

The ECB shall store centrally the explanatory notes received from the NCBs for data monitoring and statistics clarification purposes. The ECB shall handle the information provided in the notes with due respect to the confidentiality regime applicable.

NCBs may decide not to require MFIs to report in full in respect of the cells in Tables 3 and 4 of Part 3 of Annex I to Regulation (EU) No 1071/2013 (ECB/2013/33) corresponding to non-euro area Member States, if figures collected at a more aggregated level are insignificant. NCBs shall review at regular intervals, and at least once a year, whether or not these provisions continue to apply. When granting these derogations, NCBs shall report quarterly estimates derived in accordance with the following criteria:

(a)

the quarterly figures shall be estimated on the basis of data reported by MFIs at lower frequency; these 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;

(b)

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;

(c)

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 for which the reporting exemption applies;

(d)

the quarterly figures shall be estimated on the basis of alternative data sources such as the Bank for International Settlements (BIS) or on the basis of balance of payments data, after any necessary adjustments required due to differing concepts and definitions used in such alternative sources compared with those used in monetary and financial statistics are made; or

(e)

the quarterly figures shall be estimated on the basis of data for the countries for which the reporting exemption applies, reported quarterly by MFIs as a single total.

Article 4

Monitoring consistency between the NCB statistical balance sheet and its accounting balance sheet

NCBs and the ECB shall monitor the consistency between their respective end-month aggregated balance sheet for statistical purposes as reported under Regulation (EU) No 1071/2013 (ECB/2013/33) and their accounting items as reported for the Eurosystem’s weekly financial statement under Guideline ECB/2010/20, as amended.

NCBs shall run checks on every item of monthly data in accordance with the template set out in Part 2 of Annex I. The checks shall be transmitted to the ECB with the corresponding quarterly data and the same deadline as defined in Article 3(2) for quarterly data.

For 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.

The ECB shall monitor the results of the consistency checks and may require NCBs to follow up on the relevant discrepancies.

Article 5

Statistics on electronic money

The ECB, in cooperation with the NCBs, shall identify and record on a yearly basis the features of electronic money schemes used within the Union, the availability of the statistical information concerned and the compilation methods used in relation to it. NCBs shall report statistical information on electronic money issued by all MFIs not granted a derogation under Article 9(1) of Regulation (EU) No 1071/2013 (ECB/2013/33), in accordance with the list of items in Table 1 of Part 2 of Annex II to this Guideline.

Monthly data shall be reported to the ECB together with the monthly data transmission of MFI balance sheet item statistics, as specified in Article 3(2). In the absence of data, NCBs shall use estimates or provisional data where possible.

This reporting shall cover electronic money institutions principally engaged in financial intermediation in the form of issuing electronic money, which thus fulfil the MFI definition, and electronic money institutions not principally engaged in financial intermediation in the form of issuing electronic money, which thus do not fulfil the MFI definition. This reporting shall also include reporting from small MFIs granted a derogation under Article 9(1) of Regulation (EU) No 1071/2013 (ECB/2013/33), whether or not they are credit institutions.

NCBs shall report statistical information in accordance with the list of items in Table 2 of Part 2 of Annex II 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.

The series shall be reported on an annual basis 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

Statistics on POGIs and central government

NCBs collect statistical information on POGIs in accordance with Regulation (EU) No 1074/2013 (ECB/2013/39). The requirements cover monetary liabilities vis-à-vis euro area resident non-monetary financial institutions, i.e. close substitutes for monetary financial institutions deposit liabilities, and holdings of cash and securities issued by euro area MFIs. These data shall be reported by NCBs to the ECB in accordance with Part 3 of Annex II.

NCBs shall also cover central government monetary liabilities and holdings of cash and securities issued by euro area MFIs in the reporting under Part 3 of Annex II. On de minimis grounds, these items shall not be reported where such assets and liabilities do not exist or are insignificant.

Flow adjustments data shall be reported in accordance with Article 3(1)(b).

The series shall be reported on a monthly basis and with the same timeliness as specified in Article 3(2) for the monthly BSI statistics.

Article 7

Memorandum items

To the extent that data are available, including on a best estimate basis, the NCBs shall report further statistical information in accordance with the list of memorandum items set out in Part 4 of Annex II as a supplement to and with the same frequency and timeliness 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. These memorandum items represent information needed for the compilation of euro area monetary aggregates, MFI interest rate statistics and monetary union financial accounts, and have high priority, unless otherwise indicated in the tables. Subject to agreement between the ECB and the NCB, the items relating to the split of MFI debt securities issued by residency of the holder in Table 2 of Section 1 of Part 4 of Annex II need not be reported by the NCBs where alternative data sources are used by the ECB.

Flow data may be provided subject to bilateral agreement between the ECB and the relevant NCB. Flow adjustments data shall be reported in accordance with Article 3(1)(b).

The series shall be reported monthly for the items referred to in Sections 1 and 2 of Part 4 of Annex II and quarterly for the items referred to in Section 3 of Part 4 of Annex II and with the same timeliness as the mandatory monthly and quarterly MFI balance sheet statistics reported in accordance with Regulation (EU) No 1071/2013 (ECB/2013/33).

Memorandum items required under this article shall be reported following the same valuation and accounting rules as apply to the data reported in accordance with Regulation (EU) No 1071/2013 (ECB/2013/33).

Article 8

Reserve base statistics

Monthly statistics on the aggregated reserve base, broken down by type of liability, shall be calculated as end-month stocks in accordance with Regulation (EC) No 1745/2003 (ECB/2003/9) and with the categories set out in Regulation (EU) No 1071/2013 (ECB/2013/33). Data required to produce these statistics in accordance with Part 5 of Annex II shall be drawn from the data that credit institutions subject to minimum reserve requirements submit to NCBs.

The reserve base statistics shall comprise six time series for credit institutions, referring to month-end stock figures to be transmitted to the ECB on a monthly basis, at the latest by the NCB working day preceding the start of the reserve maintenance period, via the European System of Central Banks (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.

Revisions by the reporting institutions to the reserve base and/or reserve requirements made after the maintenance period has started may not lead to revisions being made to the statistics on the reserve base and on the reserve requirements.

Article 9

Macro ratio statistics

The ECB shall monitor on a monthly basis, using the end-month statistical information that credit institutions submit to NCBs in accordance with Regulation (EU) No 1071/2013 (ECB/2013/33), 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 II and report them to the ECB.

The three time series for the credit institutions, referring to month-end stocks figures, shall be transmitted to the ECB on a monthly basis, 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 relevant Member State.

Article 10

MMF balance sheet statistics

NCBs shall report to the ECB separate balance sheet items data for the MMF sector in accordance with Tables 1 and 2 of Part 7 of Annex II. 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 (EU) No 1071/2013 (ECB/2013/33), the requirements laid down in this article 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.

Reclassification and revaluation adjustments data as referred to Table 2 in Part 7 of Annex II shall be reported in accordance with Article 3(1)(b), taking into account any derogations granted under Article 9(2) of Regulation (EU) No 1071/2013 (ECB/2013/33). Where reporting of revaluation adjustments is subject to a derogation granted by NCBs to MMFs under Regulation (EU) No 1071/2013 (ECB/2013/33), NCBs shall report data on a best efforts basis for items in respect of which revaluation adjustments may be significant.

Data shall be reported on a quarterly basis within 28 working days of the end of the reference period.

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 cutting off the tail, NCBs shall gross up the data supplied in accordance with Article 3(5) to ensure 100 % coverage.

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, the required revisions for other MFI data shall also be transmitted.

Article 11

Structural financial indicators

NCBs shall report data on other structural financial indicators in accordance with Part 8 of Annex II.

NCBs shall provide data in respect of the indicators specified in Part 8 of Annex II 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;

(ii)

the residency principle shall follow the ‘host country approach’;

(iii)

balance sheet data shall be reported on a gross basis.

Flow adjustments data shall be reported in accordance with Article 3(1)(b).

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.

NCBs shall apply the following general principles when revising the reported data:

(a)

during all regular annual data transmissions, in addition to data for the latest year, ordinary revisions to the previous year’s data and exceptional revisions shall be sent as necessary;

(b)

exceptional revisions which significantly improve the quality of the data may be sent during the year.

Collected data shall cover 100 % of the institutions defined as credit institutions in accordance with Article 1 of Regulation (EU) No 1071/2013 (ECB/2013/33). Where the actual reporting coverage is less than 100 % NCBs shall gross up the data supplied in accordance with Article 3(5) to ensure 100 % coverage.

The NCBs shall report to the ECB any deviation from the definitions and rules above to allow monitoring of national practice. NCBs shall submit explanatory notes explaining the reasons for significant revisions.

Article 12

Consolidated banking data

NCBs shall report consolidated banking data in accordance with Part 9 of Annex II and shall follow the conceptual and methodological rules set out therein when providing such data.

Consolidated banking data shall be reported utilising a short-term approach in accordance with the FINREP/COREP reporting standards established by the European Banking Authority.

In order to ensure the maximum possible coverage, data on all credit institutions, as defined in national laws, shall be collected.

The data shall be fully consolidated on a cross-border and cross-sector basis, where ‘cross-border’ refers to domestic banks’ branches and subsidiaries located outside the domestic market and included in the data reported by the parent institution, and ‘cross-sector’ includes the branches and subsidiaries of banks classifiable as other financial institutions. Insurance companies shall not be included in the consolidation.

Consolidated banking data shall be reported separately for:

small domestic banking groups and stand-alone credit institutions,

medium-sized domestic banking groups and stand-alone credit institutions,

large domestic banking groups and stand-alone credit institutions,

foreign (non-European Union) controlled subsidiaries,

foreign (non-European Union) controlled branches,

foreign (European Union) controlled subsidiaries,

foreign (European Union) controlled branches.

For the purposes of this article, banks shall be classified as large banking groups or stand-alone credit institutions if their assets are greater than 0,5 % of the total consolidated assets of European Union banks; as medium-sized banks if their assets are between 0,5 % and 0,005 % of such total consolidated assets; and as small banks if their assets are below 0,005 % of such total consolidated assets.

Consolidated banking data shall be reported twice a year. A full dataset shall be reported for end-of-year data. A first submission of these annual data, to be carried out by mid-April of the following year, shall comprise the items flagged with an * in Part 9 of Annex II. The full annual dataset shall be reported by mid-May.

A dataset focused on a restricted set of items shall be reported with a reference date of end-June by mid-October of the same year. The series shall be reported in accordance with Part 9 of Annex II.

Revisions to reported data shall be carried out in accordance with the following general principles:

(a)

during all regular annual and biannual data transmissions, in addition to the latest year, ordinary revisions to the previous year’s data and exceptional revisions shall be sent when necessary;

(b)

where significant revisions are made, explanatory notes shall be provided to the ECB.

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 13

International consolidated banking statistics

(sectoral and regional lending exposures of large domestic banking groups)

NCBs shall report the worldwide consolidated international claims of domestic bank offices of domestically-owned large banking groups as defined in Article 12, broken down by maturity, instrument, geographic region of borrower and sector of borrower, as reported in the BIS international consolidated banking statistics.

The data shall be reported in a manner which coincides with the quarterly reporting of aggregated data to the BIS for the international consolidated banking statistics. Data shall be reported to the ECB in accordance with the reporting scheme used to transmit aggregated data to the BIS. NCBs shall aggregate the individual returns of the relevant banking groups.

Reporting is limited to those NCBs that report BIS international consolidated banking statistics and in whose countries the large banking groups are headquartered.

NCBs shall report quarterly data to the ECB with no more than a two-week lag from the formal BIS reporting deadline.

Revisions to reported data shall be aligned with those reported to the BIS.

The NCBs shall report to the ECB any deviations from these rules to allow monitoring of national practice. NCBs shall submit explanatory notes explaining the reasons for significant revisions.

Article 14

Data for IMF purposes

Without prejudice to NCBs’ statutory obligations vis-à-vis the IMF, NCBs may transmit supplementary MFI balance sheet items statistics to the IMF via the ECB in accordance with the following technical arrangements.

MFI balance sheet items in accordance with Part 10 of Annex II shall be transmitted by the NCBs to the ECB within the framework of the monthly regular transmission of BSI data. The frequency and timeliness of the data transmissions shall coincide with those of the regular BSI data reporting to the ECB, in accordance with Article 3(2).

Article 15

Statistics on OFIs (excluding FVCs)

NCBs shall report statistical information on OFIs (excluding FVCs) in accordance with Part 11 of Annex II. Data shall be transmitted separately for the following sub-categories of OFIs: (i) SDDs; (ii) 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 (except FVCs) resident in the euro area 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 euro area 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.

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, on a best efforts basis, due to reclassifications in the context of the implementation of the ESA 2010 framework.

Reclassification adjustments shall be reported in accordance with Article 3(1)(b).

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 of each year.

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)

when making 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;

(b)

exceptional revisions shall be limited and reported on a different date from the regular reporting date. Minor routine historical revisions to the data shall only be sent on an annual basis, together with the transmission of data for the fourth quarter;

(c)

exceptional revisions that significantly improve the quality of the data may be sent during the year outside the regular production cycles.

Accounting rules followed by OFIs in drawing up their accounts shall comply with the national transposition of Directive 86/635/EEC and any other applicable international standards. Without prejudice to the prevailing accounting practices in Member States, all assets and all liabilities shall be reported on a gross basis for statistical purposes. The valuation methods are indicated under the relevant categories.

NCBs shall provide explanatory notes to the ECB in accordance with Section 3 of Part 11 of Annex II. NCBs shall provide explanatory notes for significant revisions.

Article 16

Securities issues statistics

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 II.

The reporting frequency 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 month 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.

NCBs shall provide explanatory notes to the ECB as provided for in Section 3 of Part 12 of Annex II.

Article 17

MFI interest rate statistics

For the purposes of MFI interest rate (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 I to Regulation (EU) No 1072/2013 (ECB/2013/34). In addition, NCBs shall report aggregated national monthly statistical information relating to new business as specified in Part 13 of Annex II.

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.

NCBs may grant derogations in respect of the reporting of both interest rates applied to and business volumes of collateralised/guaranteed loans to non-financial corporations, indicators 62 to 85 included in Tables 3 and 4 of Appendix 2 of Annex I to Regulation (EU) No 1072/2013 (ECB/2013/34). These may be granted if the national aggregate business volume of the corresponding item (indicators 37 to 54) covering all loans represents less than 10 % of the national aggregate business volume of the sum of all loans in the same size category and less than 2 % of the business volume for the same size and same initial period of interest-rate fixation category at euro area level. If derogations are granted, these thresholds shall be checked on an annual basis.

Where the actual MIR reporting coverage is less than 100 % due to the use of sampling, NCBs shall select and maintain the sample and gross up the new business volumes data supplied to ensure 100 % coverage, as specified in Part 14 of Annex II. If a derogation provided for in Article 4 of Regulation (EU) No 1072/2013 (ECB/2013/34) or in paragraph 3 of this article is granted, data reported on a quarterly basis shall be carried forward into the monthly missing periods by applying appropriate statistical estimation techniques to take into account trends in the data and seasonal patterns.

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;

(b)

NCBs shall also provide explanatory notes for significant revisions;

(c)

in transmitting revised data, NCBs shall take account of the established timeliness of regular reporting of MIR statistics. Exceptional revisions shall be reported outside the monthly production periods.

Article 18

Payment statistics

NCBs shall report to the ECB information on payment statistics in accordance with Annex III to Regulation (EU) No 1409/2013 (ECB/2013/43) and Part 16 of Annex II to this Guideline. This shall comprise, inter alia, the following:

(a)

data on the number of institutions, payment accounts, payment cards, terminals, participants in payment systems and selected balance sheet items shall be reported for all items in Tables 1, 2, 3 and 6 in Annex III of the Regulation and Tables 1, 2 and 5 in Part 16 of Annex II. Such data on stocks shall refer to end-period figures, except for the item in Table 1 of Part 16 of Annex II which shall refer to the ‘average for the last reserve maintenance period’;

(b)

data on payment transactions by instrument, terminal and/or system, included in Tables 4, 5, and 7 in Annex III of the Regulation and Tables 3, 4, 6 and 7 in Part 16 of Annex II shall be reported as gross flows, i.e. totals, for the period.

The series shall be reported on an annual basis to the ECB, by the end of May of each year with reference to the previous calendar year. Indicators in Regulation (EU) No 1409/2013 (ECB/2013/43) shall be reported on an annual basis. The additional data requested in Part 16 of Annex II may be reported on a monthly, quarterly or annual basis, in accordance with the specification in the relevant table.

For the tables in this Guideline, and in the absence of actual data, NCBs shall either request relevant additional information from reporting agents or shall use estimates or provisional data. The methodology for those estimates shall be defined by each NCB, depending on country specificities. Where relevant, NCBs shall provide explanatory notes to clarify the approach used.

NCBs shall apply the following general principles when revising the reported data:

(a)

during all regular annual data transmissions, in addition to the latest period, ordinary revisions to the previous year’s data and exceptional revisions shall be sent as necessary;

(b)

exceptional revisions, which significantly improve the quality of the data, may be transmitted during the year, following approval by the ECB.

NCBs shall provide explanatory notes to the ECB, explaining deviations from the reporting requirements and structural breaks in detail, including the impact on the data.

Article 19

Statistics on IF assets and liabilities

NCBs shall report statistical information on IF assets and liabilities in accordance with Part 17 of Annex II for each of the following sub-sectors, which are classified by nature of investment: equity funds, bond funds, mixed funds, real estate funds, hedge funds, and other funds. Each of these sub-sectors 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, investment funds mainly investing in investment funds’ shares or units (i.e. 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, monthly and quarterly flow adjustments as well as monthly information on new issuance/sale and redemptions of investment fund shares/units.

All end-month stocks and monthly flow adjustments shall also be reported for the sub-sector exchange-traded funds (ETFs), as an ‘of-which’ position of ‘total funds’.

To the extent that data are available, including on a best estimate basis, end-quarter stocks and quarterly flow adjustments shall also be reported for the sub-sector private equity funds (including venture capital funds) as an ‘of which’ position of ‘total funds’.

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 17 of Annex II and in accordance with Annex IV.

Financial transactions, and thus adjustments, shall be derived in accordance with the ESA 2010, and such derivation shall be referred to as the ‘ESA 2010 method’. NCBs may deviate from the ESA 2010 due to divergent national practices in accordance with Regulation (EU) No 1073/2013 (ECB/2013/38). Where security-by-security (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 Part 4 of Annex IV.

If the data on bearer shares reported by IFs, MFIs and/or OFIs in accordance with Annex I to Regulation (EU) No 1073/2013 (ECB/2013/38) are incomplete or not yet available, NCBs shall provide data on bearer shares on a best estimate basis by reference to the geographical and sectoral breakdown in Table 1 of Part 17 of Annex II.

To the extent that data are available, including on a best estimate basis, and not deemed insignificant, NCBs shall report separate information on the counterpart sectors insurance corporations and pension funds on a quarterly basis, in accordance with Table 1 of Part 17 of Annex II.

End-month stocks and monthly flow adjustments shall be required for ETFs broken down into synthetic and physical ETFs as soon as a suitable definition for this breakdown is available from the European Securities and Markets Authority (ESMA). The ECB shall check regularly for such a definition and, when appropriate, issue the required reporting schemes.

NCBs shall report to the ECB the monthly and quarterly IF data by close of business on the 28th working day following the end of the month/quarter to which the data relate.

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, and 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 the case of mistakes, reclassifications or improved reporting procedures.

To ensure the quality of the euro area IF statistics, where NCBs grant derogations to the smallest IFs in accordance with Article 8(1) of Regulation (EU) No 1073/2013 (ECB/2013/38) they shall gross up to 100 % coverage for these IFs in the compilation of the monthly and quarterly IF data reported to the ECB.

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 data on 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 8(2) of Regulation (EU) No 1073/2013 (ECB/2013/38), derogations may be granted to IFs that due to national accounting rules value their assets at a frequency lower than quarterly. Notwithstanding such derogations, the monthly and quarterly IF data reported by NCBs to the ECB shall always include data relating to these IFs.

NCBs shall derive the aggregated data on quarterly assets and liabilities of the IF sub-sectors in line with Table 1 of Part 17 of Annex II 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 Centralised Securities Database (CSDB) as a main reference database. 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 the information necessary to compile the assets and liabilities in line with Table 1 of Part 17 of Annex II is not available from the CSDB, 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) debt securities broken down by maturity, currency and counterparty; (ii) equity and investment fund shares, 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 5(2) of Regulation (EU) No 1073/2013 (ECB/2013/38).

In accordance with Article 5(1)(b) of Regulation (EU) No 1073/2013 (ECB/2013/38), NCBs shall collect data on 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 5(2) of Regulation (EU) No 1073/2013 (ECB/2013/38).

Where possible, NCBs shall make estimates at 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 s-b-s data.

The valuation and/or accounting rules in Regulation (EU) No 1073/2013 (ECB/2013/38) shall also apply when the NCBs report IF data to the ECB. However, for items subject to accrued interest the following rules shall apply:

(a)

‘debt securities’ include accrued interest;

(b)

‘deposit and loan claims’ and ‘deposits and loans received’ exclude accrued interest which is recorded under remaining assets/liabilities.

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 19(3)(c).

In accordance with Article 4(3) of Regulation (EU) No 1073/2013 (ECB/2013/38), 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.

Article 20

Statistics on the assets and liabilities of FVCs

NCBs shall compile and report separate aggregated statistical information on FVCs’ assets and liabilities in accordance with Part 18 of Annex II. Data shall be submitted for the following four sub-categories: (a) FVCs engaged in traditional securitisation; (b) FVCs engaged in synthetic securitisation; (c) FVCs engaged in insurance-linked securitisation; and (d) other FVCs.

These requirements shall cover data on 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 efforts basis.

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.

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 the case of errors, reclassifications or improved reporting procedures;

(c)

revisions to data reported under Regulation (EU) No 1071/2013 (ECB/2013/33) on loans originated and serviced by euro area MFIs shall be included, where relevant, in the FVC statistics in accordance with paragraphs (a) and (b).

In order to meet the statistical reporting requirements from which FVCs are exempt under Article 5(1)(c) of Regulation (EU) No 1075/2013 (ECB/2013/40) the NCBs, after consulting the ECB, shall decide on the most appropriate way to compile data on FVCs’ assets and liabilities, depending on the organisation of the relevant markets and the availability of other relevant statistical, public or supervisory information.

If NCBs derive data on FVCs’ assets and liabilities 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.

Data which are identified as anchor series in Part 18 of Annex II to this Guideline shall be subject to high quality standards, comparable to those for data directly reported by FVCs in accordance with Annex I to Regulation (EU) No 1075/2013 (ECB/2013/40). Data which are identified as non-anchor series in Part 18 of Annex II to this Guideline may be estimated in accordance with less stringent quality standards, e.g. using interpolations and extrapolations 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.

If data are not directly reported by FVCs in accordance with Article 5(1)(c) of Regulation (EU) No 1075/2013 (ECB/2013/40), the quality of the data shall be monitored by the NCBs on the basis of the information available from the annual financial statements. The outcome of the quality checks shall be provided by the NCBs 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. 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, the 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 (EU) No 1075/2013 (ECB/2013/40).

If NCBs derive data on FVCs’ assets and liabilities from supervisory data sources, they 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 derived from other statistical data sources.

If the CSDB or another securities database is used as a data source for data on the issuance of FVC debt securities, the NCBs shall monitor the coverage and quality of the data on an annual basis. The outcome of the quality checks shall be provided by the NCBs to the ECB by the end of February each year by taking as a reference the end-December data of the preceding year. If the coverage and quality indicators show that high quality standards are not met, the NCBs shall take the necessary measures to meet the required quality standards, including the possible direct collection of data under Regulation (EU) No 1075/2013 (ECB/2013/40).

Each NCB shall exchange data on securitised loans that are originated and serviced by domestic MFIs for FVCs resident in other euro area Member States by aggregating the serviced loans separately for each Member State in which FVCs are resident, in accordance with Article 6 of Regulation (EU) No 1071/2013 (ECB/2013/33) and Table 3 of Part 18 of Annex II to this Guideline.

The ECB shall provide, in line with the applicable legal acts protecting confidential data, the technical gateway for the exchange of cross-border information. NCBs shall transmit this information to the ECB by the 23rd working day following the end of the quarter to which the data relate. 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.

Fulfilment of the above obligations enables NCBs, in accordance with Article 5(1)(a) of Regulation (EU) No 1075/2013 (ECB/2013/40), to compile the part of the FVC data relating to the outstanding amounts and financial transactions of securitised loans that are originated by euro area MFIs and where the MFIs continue to service the securitised loans from data collected from MFIs in accordance with Article 6 of Regulation (EU) No 1071/2013 (ECB/2013/33) instead of directly collecting these data from FVCs.

If NCBs compile data on FVCs’ assets and liabilities directly from the FVCs and, where relevant, based on data reported by MFIs under Regulation (EU) No 1071/2013 (ECB/2013/33) and grant derogations to FVCs under Article 5(1)(b) of Regulation (EU) No 1075/2013 (ECB/2013/40), the NCBs shall gross up to 100 % coverage for all FVCs when compiling the data on FVCs’ quarterly assets and liabilities 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 the relevant Member State as represented in the list of FVCs. NCBs shall gross up to 100 % coverage when compiling the quarterly data on FVCs’ assets and liabilities reported to the ECB for outstanding amounts, financial transactions and write-offs/write-downs.

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 20(3)(b).

Article 21

Statistics on MFI loans to non-financial corporations by branch of activity

NCBs shall report to the ECB, where available, data on MFI loans to domestic non-financial corporations, and MFI loans to other euro area Member States’ non-financial corporations broken down by branch of activity following the statistical classification of economic activities in the Union (NACE Rev. 2), in accordance with Part 19 of Annex II.

NCBs shall report the data to the ECB quarterly by close of business on the 28th working day following the end of the quarter to which the data relate.

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;

(b)

exceptional revisions which significantly improve the quality of the data may be sent as soon as they are available.

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, the 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 22

Statistics on MFI credit lines

NCBs shall compile and report aggregated statistical information on MFI credit lines granted to domestic residents and MFI credit lines granted to other euro area non-domestic residents, broken down by institutional sector, in accordance with Part 20 of Annex II.

MFI credit lines shall have the same meaning as ‘undrawn credit facilities’, classified as ‘medium risk’, ‘medium/low risk’ and ‘low risk’, as laid down in Regulation (EU) No 575/2013. NCBs shall apply this definition on a best efforts basis and whenever a different national definition for credit lines applies may report using the national definition, but shall aim to harmonise the compilation of MFI credit lines data in order to enhance cross-country comparability in the longer term.

NCBs shall calculate sectoral breakdowns and transmit them to the ECB. If these sectoral breakdowns are not collected at national level, NCBs may either request such additional information from reporting agents or, alternatively, they may estimate the sectoral breakdowns using information available at national level from other sources.

NCBs shall submit to the ECB data on statistical reclassifications on a best efforts basis.

NCBs shall report the data to the ECB quarterly. The quarterly outstanding amounts and reclassification adjustments data shall be transmitted to the ECB by close of business on the 28th working day following the end of the quarter to which they relate.

NCBs shall report revisions in accordance with the following principles:

(a)

in addition to each regular data transmission, revisions to the previous reference quarter shall be sent where required;

(b)

exceptional revisions which significantly improve the quality of the data may be sent as soon as they are available.

NCBs shall submit explanatory notes to the ECB setting out the reasons for significant revisions.

Article 23

Statistics on the assets and liabilities of CCPs

NCBs shall compile and report separate aggregated statistical information on the assets and liabilities of CCPs in accordance with Part 21 of Annex II.

For the purpose of this statistical reporting, CCPs are those entities identified as central counterparties by ESMA and that are ‘other financial intermediaries, except insurance corporations and pension funds’ (S.125) or ‘financial auxiliaries’ (S.126) as specified in the classification of institutional sectors laid down in Chapter 23 of ESA 2010.

CCPs identified by ESMA that are classified within the ESA 2010 ‘monetary financial institutions (MFIs)’ institutional sector shall not form part of this statistical reporting.

NCBs shall report the data to the ECB on a mandatory basis by reference to the following thresholds:

(a)

for cells related to repurchase agreements, identified with the letter ‘R’ in Part 21 of Annex II, mandatory reporting applies if the balance sheet outstanding amount of any of these cells exceeds EUR 10 billion, with the exception of those cells referring to positions vis-à-vis MFIs.

If the threshold is met by one or more cells denominated as ‘R’, all cells denominated as ‘R’ shall be reported, irrespective of their actual balance sheet value;

(b)

for cells not related to repurchase agreements, identified with the letters ‘NR’ in Part 21 of Annex II, mandatory reporting applies either if it is required under (a) or if the balance sheet outstanding amount of any of these cells exceeds EUR 10 billion.

If the threshold is met by one or more cells denominated as ‘NR’, all cells denominated as ‘NR’ shall be reported, irrespective of their actual balance sheet value.

If neither of the thresholds (a) or (b) are met, NCBs shall submit data to the ECB on CCPs’ balance sheets on a voluntary basis. If NCBs choose not to report on a voluntary basis, they shall monitor whether these thresholds are not met at least on an annual basis.

NCBs shall report the data to the ECB quarterly. The quarterly outstanding amounts and reclassification adjustments data shall be transmitted to the ECB by close of business on the 28th working day following the end of the quarter to which the data relate.

NCBs shall report revisions in accordance with the following principles:

(a)

in addition to each regular data transmission, revisions to the previous reference quarter shall be sent where required;

(b)

exceptional revisions which significantly improve the quality of the data may be sent as soon as they are available.

NCBs shall submit explanatory notes to the ECB setting out the reasons for significant revisions.

Article 24

Recording of reference data on institutional units relevant for statistical purposes

NCBs shall communicate and maintain all reference data describing institutional units or legal units, where applicable, that are required for statistical purposes via the ‘Register of Institutions and Affiliates Database’ (RIAD), the central repository that holds attributes on individual organisational units as well as various types of relationships between them which, inter alia, permit the derivation of group structures by reference to different definitions.

RIAD enables the processing of information on an individual attribute provided by more than one source. If applicable, NCBs thus have to agree on the specific method to be applied in RIAD to derive the ‘authoritative’ version of reference data from multiple national ‘candidate’ data sources.

The specific data provision requirements for individual sets of (financial) corporations are described in Article 25 and Annex V.

All organisational units recorded in RIAD can hold multiple identifiers. NCBs shall be responsible for assigning and managing the main identifier, called ‘RIAD code’, thereby ensuring unambiguous data exchange between RIAD and any other (local) sending/receiving systems.

RIAD may also assign to individual entities any national or supranational codes (‘aliases’), which should preferably follow available standards.

In order to manage an entity’s reference data, NCBs shall first create such data in RIAD. Subsequently NCBs shall manage all demographic changes, such as start of activities, update of individual attributes and even the closure of the entity, by reporting new attribute values and/or adapting the validity range of values. (Actual deletions are only anticipated in the exceptional case of erroneous inclusion of an entity.)

NCBs need to describe mergers (or inversely splits) of units with a complete set of accompanying corporate actions, such as closure, modification and/or creation of one or more units.

Changes in the ESA sector, e.g. the reallocation of one entity from the MFI to the IF list, are to be reported via the update of the value and validity range in the ‘ESA sector’ attribute.

Prior to the transmission of updates to the ECB, NCBs shall carry out validation checks matching the relevant data exchange specifications. When input procedures are used, NCBs shall maintain an adequate set of controls to minimise operational errors and ensure the accuracy and consistency of the updates reported via RIAD.

In the event of failure of RIAD, NCBs shall transmit updates by e-mail to the following address: RIAD-Support@ecb.europa.eu

NCBs may use their national character set, provided they use the Roman alphabet. They shall use Unicode (UTF-8) to correctly display all special character sets when receiving information from the ECB via RIAD.

On receipt of the updates, the ECB shall immediately carry out checks to validate the formal accuracy and internal consistency of the information provided.

The ECB shall immediately send back to the NCBs: (a) an acquisition acknowledgement containing summary information on the updates which have been processed and implemented successfully in the relevant dataset; and/or (b) an error acknowledgement containing detailed information on the updates and validation checks which have failed.

On receipt of an error acknowledgement, NCBs shall take action to transmit corrected information. If correct information depends on updates recently sent by other NCBs and is not available on the ECB’s website, NCBs shall contact the ECB with specific details of the information required.

NCBs shall declare the confidentiality status of each attribute describing an organisational unit by selecting one of three pre-defined values: ‘F’ meaning free, i.e. not confidential; ‘N’ meaning data attribute may be released only for the use of the ESCB and associated institutions for which a memorandum of understanding is in place, i.e. not for external release; or ‘C’ for confidential statistical information.

Article 25

Lists of financial institutions maintained for statistical purposes

In order to enable the establishment and maintenance of the list of MFIs for statistical purposes, referred to in Article 4 of Regulation (EU) No 1071/2013 (ECB/2013/33), the variables specified in Parts 1 and 2 of Annex V need to be collected in RIAD at the intervals prescribed. NCBs shall report any updates of these variables without delay, in particular 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.

The continuously updated reference data in RIAD allows the maintenance of the official MFI list based on institutional sector classification, activity status and other features of an institution. In this context special attention may be given to cases where an institution on the MFI list is restricted in its financial intermediation activities, e.g. in the acceptance of deposits or granting of loans, in particular prior to its liquidation and/or removal from the MFI sector. In order to allow close monitoring of the consistency with national classifications of MFIs the ECB may periodically request further information from the relevant NCB.

To enable the establishment and maintenance of the list of IFs for statistical purposes referred to in Article 3 of Regulation (EU) No 1073/2013 (ECB/2013/38), the variables specified in Parts 1 and 2 of Annex V need to be collected in RIAD at the intervals prescribed. NCBs shall report any updates of these variables, in particular when an institution joins the IF population or when an existing IF leaves the IF population.

To enable the establishment and maintenance of the list of FVCs for statistical purposes referred to in Article 3 of Regulation (EU) No 1075/2013 (ECB/2013/40), the variables specified in Parts 1 and 2 of Annex V need to be collected in RIAD at the intervals prescribed. NCBs shall report any updates of these variables, in particular when an institution joins or leaves the FVC population.

To enable the establishment and maintenance of the list of payment statistics relevant institutions (PSRIs) for statistical purposes referred to in Article 5 of Regulation (EU) No 1409/2013 (ECB/2013/43), the variables specified in Part 1 of Annex V need to be collected in RIAD at the intervals prescribed. NCBs shall report any updates of these variables, in particular when an institution joins or leaves the PSRI population.

NCBs shall transmit to the ECB, where possible, updates of the variables specified for MFIs 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 of the delay between the occurrence of the event and its reporting to the ECB.

NCBs shall transmit to the ECB updates of the variables specified for IFs at least on a quarterly basis, with a timeliness of two months following the reference date. However, the net asset value variable shall be updated for all investment funds on an annual basis, with a lag of a maximum of two months following the reference date of end-December.

NCBs shall transmit to the ECB updates of the variables specified for FVCs at least on a quarterly basis, within 14 working days following the reference date.

NCBs shall transmit to the ECB updates of the variables specified for PSRIs as at year-end, with a timeliness of three months following the reference date.

By 18.00 CET every ECB working day, the ECB shall make a copy of the MFI dataset available on its website. At the same time as it releases the list of MFIs on its website, the ECB shall send it to the NCBs via RIAD. At the same time the ECB shall publish a list of changes implemented in the population of MFIs and disseminate it every ECB working day to all NCBs. This dissemination shall contain the full details of each of the following changes reported by NCBs: (a) new MFIs and (b) deleted MFIs.

By 18.00 CET on the last ECB working day of each calendar month, the ECB shall take a copy of the MFI dataset and combine it with the variable ‘reserve’ from the Monetary Policy Eligible Counterparties dataset of the same date indicating whether credit institutions resident in the euro area are subject to minimum reserves or not. The ECB shall then make this list of MFIs and institutions subject to minimum reserves available on its website.

By 18.00 CET on the fourth working day following the deadline for transmitting updates the ECB shall take a copy of the IF dataset and make it available to the NCBs. The ECB shall then make the list of IFs available on its website.

By 18.00 CET on the second working day following the deadline for transmitting updates the ECB shall take a copy of the FVC dataset, and make it available to the NCBs. The ECB shall then make the list of FVCs available on its website.

By 18.00 CET on the last ECB working day of each calendar month, the ECB shall take a copy of all institutions recorded in RIAD and make it available to the NCBs.

The ECB shall not publish data marked as ‘confidential’ or ‘not for publication’. Likewise the ECB shall not transmit values to NCBs if marked as ‘confidential’. In respect of quantitative measures marked as ‘confidential’ or ‘not for publication’, the ECB may, however, publish or distribute a range of size classes.

Article 26

PF statistics

NCBs shall report to the ECB statistical information on PFs in accordance with Part 22 of Annex II. Data relating to PFs shall be transmitted on the basis of data currently available at national level. Where actual data are unavailable, estimates shall be provided on a best efforts basis.

The reporting population shall comprise PFs as defined in the ESA 2010 (in paragraphs 2.105 and 2.106) and includes all PFs which are resident in the euro area Member States.

NCBs shall report outstanding amounts at the end of the reference period and financial transactions during the quarter, which shall be derived in accordance with the ESA 2010.

The reporting frequency to the ECB shall be quarterly. PF statistics described in paragraph 1(a) shall be reported to the ECB within a period not exceeding 85 calendar days from the end of the reference quarter. Starting with the reporting of the first quarter of 2017, PF statistics shall be reported to the ECB within a period not exceeding 82 calendar days from the end of the reference quarter. The exact transmission dates shall be communicated to NCBs in advance in the form of a reporting calendar provided by the ECB by September of each year.

NCBs may need to revise data transmitted during the previous quarter. In addition, revisions to data on earlier quarters may also be made.

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;

(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 an annual basis, together with the transmission of data for the fourth quarter;

(c)

exceptional revisions that significantly improve the quality of the data may be sent during the year outside the regular production cycles.

Without prejudice to the prevailing accounting practices in Member States, all assets and liabilities shall be reported on a gross basis for statistical purposes. The valuation methods shall be in line with the ESA 2010. In principle, assets and liabilities must be valued using current market prices on the date to which the balance sheet relates. Deposit liabilities and loans shall be reported at their principal amount outstanding at the end of the quarter.

NCBs shall provide explanatory notes to the ECB including data sources, data collection systems, compilation procedure, legal framework, deviations from the ECB’s reporting instructions, and reporting population. NCBs shall provide explanatory notes for significant revisions and, especially, for breaks in historical series.

Article 27

Verification

Without prejudice to the ECB’s verification rights under Regulation (EC) No 2533/98 and Regulation (EU) No 1071/2013 (ECB/2013/33), the NCBs shall monitor and ensure the quality and reliability of statistical information made available to the ECB.

Article 28

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 29

Simplified amendment procedure

Taking account of the views of the Statistics Committee (STC), the ECB’s Executive Board shall be entitled to make any technical amendments to this Guideline’s annexes provided that such amendments neither change the underlying conceptual framework nor affect the reporting burden on reporting agents in Member States. The Executive Board shall inform the Governing Council of any such amendment without undue delay.

Article 30

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 31

Repeal

Guideline ECB/2007/9 is hereby repealed.

Article 32

Taking effect and implementation

This Guideline shall take effect on the day of its notification to the NCBs of the euro area Member States. The NCBs of the euro area Member States shall comply with Articles 11, 12, 13 and 16 from the date of notification, with Article 26 from 1 January 2016, and with the remaining provisions of the Guideline from 1 January 2015.

By 31 December 2018 the Executive Board shall submit to the Governing Council a report, taking account of the views of the STC in liaison with other relevant Committees, concerning (a) the need for and the possible timeline for integrating the reporting requirements in the area of payment statistics referred to in Article 18 with the reporting requirements set out in Regulation (EU) No 1409/2013 (ECB/2013/43) on payment statistics, and (b) the possible impact on the reporting requirements in the area of pension funds statistics referred to in Article 26 of any new developments concerning the collection of insurance statistics by the ESCB.

Article 33

Addressees

This Guideline is addressed to the NCBs of the euro area Member States.

Done at Frankfurt am Main, 4 April 2014.

For the Governing Council of the ECB

The President of the ECB

Mario DRAGHI


(1)  OJ L 250, 2.10.2003, p. 10.

(2)  OJ L 318, 27.11.1998, p. 8.

(3)  OJ L 372, 31.12.1986, p. 1.

(4)  OJ L 35, 9.2.2011, p. 31.

(5)  Guideline ECB/2007/9 of 1 August 2007 on monetary, financial institutions and markets statistics (OJ L 341, 27.12.2007, p. 1).

(6)  Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013 on the European system of national and regional accounts in the European Union (OJ L 174, 26.6.2013, p. 1).

(7)  Regulation (EU) No 1071/2013 of the European Central Bank of 24 September 2013 concerning the balance sheet of the monetary financial institutions sector (ECB/2013/33) (OJ L 297, 7.11.2013, p. 1).

(8)  Regulation (EU) No 1074/2013 of the European Central Bank of 18 October 2013 on statistical reporting requirements for post office giro institutions that receive deposits from non-monetary financial institution euro area residents (ECB/2013/39) (OJ L 297, 7.11.2013, p. 94).

(9)  Regulation (EU) No 1072/2013 of the European Central Bank of 24 September 2013 concerning statistics on interest rates applied by monetary financial institutions (ECB/2013/34) (OJ L 297, 7.11.2013, p. 51).

(10)  Regulation (EU) No 1073/2013 of the European Central Bank of 18 October 2013 concerning statistics on the assets and liabilities of investment funds (ECB/2013/38) (OJ L 297, 7.11.2013, p. 73).

(11)  Regulation (EU) No 1075/2013 of the European Central Bank of 18 October 2013 concerning statistics on the assets and liabilities of financial vehicle corporations engaged in securitisation transactions (ECB/2013/40) (OJ L 297, 7.11.2013, p. 107).

(12)  See recital 13 of Guideline ECB/2011/23 of 9 December 2011 on the statistical reporting requirements of the European Central Bank in the field of external statistics (OJ L 65, 3.3.2012, p. 1); see also recital 5 of Recommendation ECB/2011/24 of 9 December 2011 on the statistical reporting requirements of the European Central Bank in the field of external statistics (OJ C 64, 3.3.2012, p. 1).

(13)  Regulation (EU) No 1409/2013 of the European Central Bank of 28 November 2013 on payments statistics (ECB/2013/43) (OJ L 352, 24.12.2013, p. 18).

(14)  Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (OJ L 176, 27.6.2013, p. 1).

(15)  See ‘Bridging tables between the accounting balance sheet items of the NCBs and the ECB and the items to be reported for statistical purposes’, to be published on the ECB’s website at www.ecb.europa.eu


ANNEX I

Monitoring the consistency between accounting and statistical data in respect of the NCB/ECB balance sheets

PART 1

Description of the monthly consistency checks

 

Chk 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, partly 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 sub-set 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 Nos 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 debt securities 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

PART 2

Template for the consistency checks

The consistency checks must be performed and transmitted to the ECB in accordance with Article 4. A consistency check is deemed as failed where the difference between the statistical value and the accounting value is greater than EUR 2 billion (in absolute value). In such cases, NCBs must provide explanations of the reasons underlying the failure.

Name of the central bank: …

Consistency checks for the end-month: …


Items

Statistical value (2)

Accounting value (2)

Difference (2)

Check result (3)

Explanation (4)

1 —

Currency in circulation

 

 

 

 

 

2 —

Deposits of euro area residents

 

 

 

 

 

3 —

Deposits of euro area residents, of which MFIs

 

 

 

 

 

4 —

Deposits of euro area residents, of which 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, of which MFIs

 

 

 

 

 

11 —

Loans to euro area residents, of which general government

 

 

 

 

 

12 —

Holdings of debt securities issued by euro area residents

 

 

 

 

 

13 —

Residual assets

 

 

 

 

 

14 —

External assets

 

 

 

 

 


(1)  However, from a national perspective, this effect should not be present, since both sets of data are reported on a gross basis while only accounting data are consolidated by the ECB (and intra-Eurosystem positions are netted out) for the purpose of the weekly financial statement.

(2)  Values must be reported in EUR million.

(3)  Enter ‘OK’ if the linear relationship of the consistency check is satisfied, or ‘Failed’ if the consistency check fails.

(4)  For every failed consistency check, please classify the failure by selecting from the four following categories: (a) discrepancies due to one-off revision; (b) discrepancies due to regular revision; (c) discrepancies due to different presentation or classification rules; and (d) any other discrepancies, including reporting errors. Detailed explanations must also be provided.


ANNEX II

REPORTING SCHEMES

PART 1

Balance sheet item statistics on monetary financial institutions

All statistical returns must contain the data specified in the relevant tables of Regulation (EU) No 1071/2013 (ECB/2013/33) or of this Guideline, irrespective of the actual existence of the underlying phenomenon, and even when they are zero or missing. ‘NC’ must be used to indicate that the phenomenon does not exist. However, if data are not available for the memorandum items, national central banks (NCBs) may decide not to provide them.

For monthly series required under Regulation (EU) No 1071/2013 (ECB/2013/33) that were reported with a quarterly frequency for the periods prior to January 2003 under Regulation (EC) No 2819/98 (ECB/1998/16) (1), historical revisions referring to periods prior to January 2003 must be reported on the initiative of the European Central Bank (ECB) or the relevant national central bank (NCB) following a bilateral agreement.

As regards balance sheet data for other monetary financial institutions (MFIs), NCBs are expected to report to the ECB data on outstanding amounts in accordance with Tables 1 to 4 of Annex I to Regulation (EU) No 1071/2013 (ECB/2013/33), and flow adjustments in accordance with Tables 1 and 2 below. NCBs and the ECB must also report data on their own balance sheets in accordance with the same requirements, with the exception of the items relating to money market fund (MMF) shares/units issued. In addition, NCBs and the ECB must also report data on their own holdings of gold and gold receivables (only monetary gold) and receivables from the International Monetary Fund (IMF) (e.g. drawing rights and special drawing rights (SDR)), and on their liabilities to the IMF in relation to SDRs.

As regards the requirements concerning loan securitisations and other loan transfers, NCBs are expected to report to the ECB data in accordance with Tables 5a and 5b of Annex I to Regulation (EU) No 1071/2013 (ECB/2013/33), and flow adjustments data in accordance with Tables 3a and 3b below. Additional items on loans securitisation and other loan transfers should be reported in Table 4, in so far as these data are not required under Tables 5a and 5b of Annex I to Regulation (EU) No 1071/2013 (ECB/2013/33).

Table 1.

Items for which monthly flow adjustments are required  (*)

BALANCE SHEET ITEMS

A.

Domestic

B.

Euro area other than domestic

C.

Rest of the world

D.

Total

Total

MFIs

Non-MFIs

Total

MFIs

Non-MFIs

Total

Banks

Non-Banks

 

of which: central bank (S1.121)

of which: Deposit-taking corporations except the central bank (S1.122)

 

of which: credit institutions subject to RRs, ECB and NCBs

General government (S.13)

Other resident sectors

 

 

of which: central bank (S1.121)

of which: deposit-taking corporations except the central bank (S1.122)

 

of which: credit institutions subject to RRs, ECB and NCBs

General government (S.13)

Other resident sectors

of which: credit institutions

Central government (S.1311)

Other general government

Total

Non-MMF investment funds (S.124)

Other financial intermediaries + financial auxiliaries + captive financial institutions and money lenders (S.125+S.126+S.127)

Insurance corporations (S.128)

Pension funds (S.129)

Non-financial corporations (S.11)

Households + non-profit institutions serving households (S.14+S.15)

of which: credit institutions

Central Government (S.1311)

Other general government

Total

Non-MMF investment funds (S.124)

Other financial intermediaries + financial auxiliaries + captive financial institutions and money lenders (S.125+S.126+S.127)

Insurance corporations (S.128)

Pension funds (S.129)

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9

Deposits

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

up to 1 year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

over 1 year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

of which: intra-group positions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

of which: transferable deposits

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

of which: up to 2 years

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

of which: syndicated loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9e

Euro

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9.1e

Overnight

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

of which: transferable deposits

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9.2e

With agreed maturity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

up to 1 year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

over 1 and up to 2 years

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

over 2 years

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9.3e

Redeemable at notice

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

up to 3 months

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

over 3 months

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

of which: over 2 years

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

over 2 years

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9.3x

Redeemable at notice

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

up to 3 months

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

over 3 months

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

of which: over 2 years

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9.4x

Repos

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10

MMFs shares/units  (4)

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

#

 

 

#

11

Debt securities issued

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11e

Euro

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

up to 1 year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

#

over 1 and up to 2 years

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

#

of which: up to 2 years and nominal capital guarantee below 100%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

#

over 2 years

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

#

11x

Foreign currencies

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

up to 1 year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

#

over 1 and up to 2 years

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

#

of which: up to 2 years and nominal capital guarantee below 100%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

#

over 2 years

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

#

12

Capital and reserves

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

#

13

Remaining liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

#

Counterpart of SDRs  (5)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

#


BALANCE SHEET ITEMS

A.

Domestic

B.

Euro area other than domestic

C.

Rest of the world

D.

Total

MFIs

Non-MFIs

MFIs

Non-MFIs

 

of which central bank (S.121)

of which deposit-taking corporations except the central bank (S.122)

General government (S.13)

Other resident sectors

 

of which: central bank (S.121)

of which: deposit-taking corporations except the central bank (S.122)

General government (S.13)

Other resident sectors

Total

(e)

Non-MMF investment funds (S.124)

Other financial intermediaries + financial auxiliaries + captive financial institutions and money lenders (S.125+S.126+S.127)

(f)

Insurance corporations (S.128)

Pension funds (S.129)

Non-financial corporations (S.11)

Households + non-profit institutions serving households (S.14+S.15)

Total

(p)

Non-MMF investment funds (S.124)

Other financial intermediaries + financial auxiliaries + captive financial institutions and money lenders (S.125+S.126+S.127)

(f)

Insurance corporations (S.128)

Pension funds (S.129)

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/P (3)

 

of which: SP/P (3)

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

Cash

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1e

of which: euro

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2

Loans

#

#

#

#

#

 

 

 

 

 

 

 

 

 

 

 

 

#

#

#

#

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

up to 1 year

 

 

 

#

 

#

#

 

#

#

#

#

 

#

#

#

#

 

 

 

#

 

#

#

 

#

#

#

#

 

#

#

#

#

#

 

over 1 year and up to 5 years

 

 

 

#

 

#

#

 

#

#

#

#

 

#

#

#

#

 

 

 

#

 

#

#

 

#

#

#

#

 

#

#

#

#

#

 

over 5 years

 

 

 

#

 

#

#

 

#

#

#

#

 

#

#

#

#

 

 

 

#

 

#

#

 

#

#

#

#

 

#

#

#

#

 

of which: intra-group positions

 

 

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

of which: syndicated loans

#

 

 

#

#

 

 

 

 

 

 

#

 

 

 

 

 

#

 

 

#

#

 

 

 

 

 

 

#

 

 

 

 

 

 

 

of which: reverse repos

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2e

of which: euro

 

 

 

#

#

#

#

 

 

#

#

#

#

 

 

 

 

 

 

 

#

#

#

#

 

 

#

#

#

#

 

 

 

 

 

 

of which: revolving loans and overdrafts

 

 

 

 

 

 

 

 

 

 

 

#

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

#

#

 

 

 

 

 

 

of which: convenience credit card credit

 

 

 

 

 

 

 

 

 

 

 

#

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

#

#

 

 

 

 

 

 

of which: extended credit card credit

 

 

 

 

 

 

 

 

 

 

 

#

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

#

#

 

 

 

 

 

 

3

Debt securities held

 

 

 

 

 

 

 

 

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

#

 

 

 

 

 

 

 

 

#

 

3e

Euro

 

 

 

#

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

#

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

up to 1 year

#

 

 

#

 

 

 

 

 

 

 

 

 

 

 

 

 

#

 

 

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

over 1 and up to 2 years

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

over 2 years

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3x

Foreign currencies

 

 

 

#

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

#

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

up to 1 year

#

 

 

#

 

 

 

 

 

 

 

 

 

 

 

 

 

#

 

 

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

over 1 and up to 2 years

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

over 2 years

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4

Equity

#

 

 

 

#

 

 

 

 

 

 

 

 

 

 

 

 

#

 

 

 

#

 

 

 

 

 

 

 

 

 

 

 

 

#

 

5

Investment fund shares/units

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MMF shares/units

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

#

 

Non-MMF investment fund shares/units

 

 

 

 

 

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

#

 

 

 

 

 

 

 

 

 

 

 

#

 

6

Non-financial assets (including fixed assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

#

7

Remaining assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

#

Gold & gold receivables (only monetary gold)  (5)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

#

Receivables from IMF - drawing rights, SDR, other  (5)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

#

Table 2.

Items for which quarterly flow adjustments are required  (**)

BALANCE SHEET ITEMS

A.

Domestic

B.

Euro area other than domestic

C.

Rest of the world

D.

Total

MFIs

Non MFIs

MFIs

Non MFIs

Total

Total

General government (S.13)

Other resident sectors

Total

General government (S.13)

Other resident sectors

 

Banks

Non-banks

Total

Central government (S.1311)

Other general government

Total

Non-MMF investment funds (S.124)

Other financial intermediaries + financial auxiliaries + captive financial institutions and money lenders (S.125+S.126+S.127)

Insurance corporations (S.128)

Pension funds (S.129)

Non-financial corporations (S.11)

Households + non-profit institutions serving households (S.14+S.15)

Total

Central government (S.1311)

Other general government

Total

Non-MMF investment funds (S.124)

Other financial intermediaries + financial auxiliaries + captive financial institutions and money lenders (S.125+S.126+S.127)

Insurance corporations (S.128)

Pension funds (S.129)

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9.1.

Overnight

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9.2.

With agreed maturity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9.3.

Redeemable at notice

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9.4.

Repos

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10.

MMFs shares/units

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11.

Debt securities issued

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12.

Capital and reserves

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13.

Remaining liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

of which: financial derivatives

#

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

#

#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

#

 

 

 

 

of which: accrued interest on deposits

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.

Cash

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2.

Loans

 

 

 

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#

 

 

#

 

#

 

#

 

 

 

#

 

 

 

 

 

 

 

 

 

 

#

 

 

#

 

#

 

#

 

#

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#

 

upto 1 year

 

 

 

 

 

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#

 

 

 

 

 

 

 

 

 

#

 

 

 

 

 

 

 

 

 

#

#

#

 

 

 

 

 

 

 

 

 

#

 

 

 

 

 

 

 

 

 

over 1 and up to 5 years

 

 

 

 

 

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#

 

 

 

 

 

 

 

 

 

#

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#

 

 

 

 

 

 

 

 

 

over 5 years

 

 

 

 

 

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#

 

 

 

 

 

 

 

 

 

#

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