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Balance sheet item (1)
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Categorisation of contents of balance sheet items
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Valuation principle
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Scope of application (2)
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Assets
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1.
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1.
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Gold and gold receivables
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Physical gold, i.e. bars, coins, plates, nuggets in storage or “under way”. Non-physical gold, such as balances in gold sight accounts (unallocated accounts), term deposits and claims to receive gold arising from the following transactions: (i) upgrading or downgrading transactions; and (ii) gold location or purity swaps where there is a difference of more than one business day between release and receipt
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Market value
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Mandatory
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2.
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2.
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Claims on non-euro area residents denominated in foreign currency
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Claims on counterparties resident outside the euro area including international and supranational institutions and central banks outside the euro area denominated in foreign currency
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2.1.
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2.1.
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Receivables from the International Monetary Fund (IMF)
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(a)
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Drawing rights within the reserve tranche (net)
National quota minus balances in euro at the disposal of the IMF. The No 2 account of the IMF (euro account for administrative expenses) may be included in this item or under the item “Liabilities to non-euro area residents denominated in euro”
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(a)
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Drawing rights within the reserve tranche (net)
Nominal value, translation at the foreign exchange market rate
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Mandatory
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(b)
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Special drawing rights
Holdings of special drawing rights (gross)
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(b)
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Special drawing rights
Nominal value, translation at the foreign exchange market rate
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Mandatory
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(c)
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Other claims
General arrangements to borrow, loans under special borrowing arrangements, deposits within the framework of the Poverty Reduction and Growth Facility
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(c)
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Other claims
Nominal value, translation at the foreign exchange market rate
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Mandatory
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2.2.
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2.2.
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Balances with banks and security investments, external loans and other external assets
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(a)
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Balances with banks outside the euro area other than those under asset item “Other financial assets”
Current accounts, fixed-term deposits, day-to-day money, reverse repo transactions
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(a)
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Balances with banks outside the euro area
Nominal value, translation at the foreign exchange market rate
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Mandatory
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(b)
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Security investments outside the euro area other than those under asset item “Other financial assets”
Notes and bonds, bills, zero bonds, money market paper, equity instruments held as part of the foreign reserves, all issued by non-euro area residents
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(b)(i)
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Marketable securities other than held-to-maturity
Market price and foreign exchange market rate
Any premiums or discounts are amortised
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Mandatory
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(b)(ii)
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Marketable securities classified as held-to-maturity
Cost subject to impairment and foreign exchange market rate
Any premiums or discounts are amortised
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Mandatory
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(b)(iii)
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Non-marketable securities
Cost subject to impairment and foreign exchange market rate
Any premiums or discounts are amortised
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Mandatory
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(b)(iv)
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Marketable equity instruments
Market price and foreign exchange market rate
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Mandatory
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(c)
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External loans (deposits) outside the euro area other than those under asset item “Other financial assets”
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(c)
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External loans
Deposits at nominal value translated at the foreign exchange market rate
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Mandatory
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(d)
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Other external assets
Non-euro area banknotes and coins
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(d)
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Other external assets
Nominal value, translation at the foreign exchange market rate
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Mandatory
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3.
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3.
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Claims on euro area residents denominated in foreign currency
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(a)
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Security investments inside the euro area other than those under asset item “Other financial assets”
Notes and bonds, bills, zero bonds, money market paper, equity instruments held as part of the foreign reserves, all issued by euro area residents
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(a)(i)
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Marketable securities other than held-to-maturity
Market price and foreign exchange market rate
Any premiums or discounts are amortised
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Mandatory
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(a)(ii)
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Marketable securities classified as held-to-maturity
Cost subject to impairment and foreign exchange market rate
Any premiums or discounts are amortised
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Mandatory
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(a)(iii)
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Non-marketable securities
Cost subject to impairment and foreign exchange market rate
Any premiums or discounts are amortised
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Mandatory
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(a)(iv)
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Marketable equity instruments
Market price and foreign exchange market rate
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Mandatory
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(b)
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Other claims on euro area residents other than those under asset item “Other financial assets”
Loans, deposits, reverse repo transactions, sundry lending
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(b)
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Other claims
Deposits and other lending at nominal value, translated at the foreign exchange market rate
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Mandatory
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4.
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4.
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Claims on non-euro area residents denominated in euro
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4.1.
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4.1.
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Balances with banks, security investments and loans
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(a)
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Balances with banks outside the euro area other than those under asset item “Other financial assets”
Current accounts, fixed-term deposits, day-to-day money. Reverse repo transactions in connection with the management of securities denominated in euro
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(a)
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Balances with banks outside the euro area
Nominal value
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Mandatory
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(b)
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Security investments outside the euro area other than those under asset item “Other financial assets”
Equity instruments, notes and bonds, bills, zero bonds, money market paper, all issued by non-euro area residents
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(b)(i)
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Marketable securities other than held-to-maturity
Market price
Any premiums or discounts are amortised
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Mandatory
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(b)(ii)
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Marketable securities classified as held-to-maturity
Cost subject to impairment
Any premiums or discounts are amortised
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Mandatory
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(b)(iii)
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Non-marketable securities
Cost subject to impairment
Any premiums or discounts are amortised
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Mandatory
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(b)(iv)
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Marketable equity instruments
Market price
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Mandatory
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(c)
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Loans outside the euro area other than those under asset item “Other financial assets”
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(c)
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Loans outside the euro area
Deposits at nominal value
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Mandatory
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(d)
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Securities other than those under asset item “Other financial assets”, issued by entities outside the euro area
Securities issued by supranational or international organisations e.g. the European Investment Bank, irrespective of their geographical location
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(d)(i)
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Marketable securities other than held-to-maturity
Market price
Any premiums or discounts are amortised
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Mandatory
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(d)(ii)
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Marketable securities classified as held-to-maturity
Cost subject to impairment
Any premiums or discounts are amortised
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Mandatory
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(d)(iii)
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Non-marketable securities
Cost subject to impairment
Any premiums or discounts are amortised
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Mandatory
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4.2.
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4.2.
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Claims arising from the credit facility under ERM II
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Lending according to the ERM II conditions
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Nominal value
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Mandatory
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5.
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5.
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Lending to euro area credit institutions related to monetary policy operations denominated in euro
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Items 5.1 to 5.5: transactions according to the respective monetary policy instruments described in Annex I to Guideline ECB/2000/7 of 31 August 2000 on monetary policy instruments and procedures of the Eurosystem (3)
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5.1.
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5.1.
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Main refinancing operations
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Regular liquidity-providing reverse transactions with a weekly frequency and normally a maturity of one week
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Nominal value or repo cost
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Mandatory
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5.2.
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5.2.
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Longer-term refinancing operations
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Regular liquidity-providing reverse transactions with a monthly frequency and normally a maturity of three months
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Nominal value or repo cost
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Mandatory
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5.3.
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5.3.
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Fine-tuning reverse operations
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Reverse transactions, executed as ad hoc transactions for fine-tuning purposes
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Nominal value or repo cost
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Mandatory
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5.4.
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5.4.
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Structural reverse operations
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Reverse transactions adjusting the structural position of the Eurosystem vis-à-vis the financial sector
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Nominal value or repo cost
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Mandatory
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5.5.
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5.5.
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Marginal lending facility
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Overnight liquidity facility at a pre-specified interest rate against eligible assets (standing facility)
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Nominal value or repo cost
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Mandatory
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5.6.
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5.6.
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Credits related to margin calls
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Additional credit to credit institutions, arising from value increases of underlying assets regarding other credit to these credit institutions
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Nominal value or cost
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Mandatory
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6.
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6.
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Other claims on euro area credit institutions denominated in euro
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Current accounts, fixed-term deposits, day-to-day money, reverse repo transactions in connection with the management of security portfolios under the asset item “Securities of euro area residents denominated in euro”, including transactions resulting from the transformation of former foreign currency reserves of the euro area and other claims. Correspondent accounts with non-domestic euro area credit institutions. Other claims and operations unrelated to monetary policy operations of the Eurosystem. Any claims stemming from monetary policy operations initiated by an NCB prior to joining the Eurosystem
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Nominal value or cost
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Mandatory
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7.
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7.
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Securities of euro area residents denominated in euro
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7.1.
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7.1.
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Securities held for monetary policy purposes
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Securities issued in the euro area held for monetary policy purposes. ECB debt certificates purchased for fine-tuning purposes
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(i)
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Marketable securities other than held-to-maturity
Market price
Any premiums or discounts are amortised
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Mandatory
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(ii)
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Marketable securities classified as held-to-maturity
Cost subject to impairment
Any premiums or discounts are amortised
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Mandatory
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(iii)
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Non-marketable securities
Cost subject to impairment
Any premiums or discounts are amortised
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Mandatory
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7.2.
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7.2.
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Other securities
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Securities other than those under asset item 7.1 “Securities held for monetary policy purposes” and under asset item 11.3 “Other financial assets”; notes and bonds, bills, zero bonds, money market paper held outright, including government securities stemming from before EMU, denominated in euro. Equity instruments
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(i)
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Marketable securities other than held-to-maturity
Market price
Any premiums or discounts are amortised
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Mandatory
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(ii)
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Marketable securities classified as held-to-maturity
Cost subject to impairment
Any premiums or discounts are amortised
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Mandatory
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(iii)
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Non-marketable securities
Cost subject to impairment
Any premiums or discounts are amortised
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Mandatory
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(iv)
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Marketable equity instruments
Market price
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Mandatory
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8.
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8.
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General government debt denominated in euro
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Claims on government stemming from before EMU (non-marketable securities, loans)
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Deposits/loans at nominal value, non-marketable securities at cost
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Mandatory
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—
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9.
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Intra-Eurosystem claims (+)
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—
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9.1.
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Participating interest in ECB (+)
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Only an NCB balance sheet item
The ECB capital share of each NCB according to the Treaty and the respective capital key and contributions according to Article 49.2 of the Statute of the ESCB
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Cost
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Mandatory
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—
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9.2.
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Claims equivalent to the transfer of foreign reserves (+)
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Only an NCB balance sheet item
Euro-denominated claims on the ECB in respect of initial and additional transfers of foreign reserves under the Treaty provisions
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Nominal value
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Mandatory
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—
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9.3.
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Claims related to promissory notes backing the issuance of ECB debt certificates (+)
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Only an ECB balance sheet item.
Promissory notes issued by NCBs, due to the back-to-back agreement in connection with ECB debt certificates
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Nominal value
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Mandatory
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—
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9.4.
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Net claims related to the allocation of euro banknotes within the Eurosystem (+) (*1)
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For the NCBs: net claim related to the application of the banknote allocation key i.e. including the ECB’s banknote issue related intra-Eurosystem balances, the compensatory amount and its balancing accounting entry as defined by Decision ECB/2001/16 of 6 December 2001 on the allocation of monetary income of the national central banks of participating Member States from the financial year 2002 (4)
For the ECB: claims related to the ECB’s banknote issue, according to Decision ECB/2001/15
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Nominal value
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Mandatory
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—
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9.5.
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Other claims within the Eurosystem (net) (+)
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Net position of the following sub-items:
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(a)
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net claims arising from balances of TARGET2 accounts and correspondent accounts of NCBs i.e. the net figure of claims and liabilities — see also liability item “Other liabilities within the Eurosystem (net)”
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Mandatory
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(b)
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claim due to the difference between monetary income to be pooled and redistributed. Only relevant for the period between booking of monetary income as part of the year-end procedures, and its settlement on the last working day in January each year
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Mandatory
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(c)
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other intra-Eurosystem claims that may arise, including the interim distribution of ECB income on euro banknotes to NCBs (*1)
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Mandatory
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9.
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10.
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Items in the course of settlement
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Settlement account balances (claims), including the float of cheques in collection
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Nominal value
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Mandatory
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9.
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11.
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Other assets
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9.
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11.1.
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Coins of euro area
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Euro coins if an NCB is not the legal issuer
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Nominal value
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Mandatory
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9.
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11.2.
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Tangible and intangible fixed assets
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Land and buildings, furniture and equipment including computer equipment, software
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Cost less depreciation
Depreciation rates:
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—
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computers and related hardware/software and motor vehicles:
4 years
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—
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equipment, furniture and plant in building:
10 years
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—
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building and capitalised major refurbishment expenditure:
25 years
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Capitalisation of expenditure: limit based (below EUR 10 000 excluding VAT: no capitalisation)
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Recommended
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9.
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11.3.
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Other financial assets
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—
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Participating interests and investments in subsidiaries; equities held for strategic/policy reasons
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—
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Securities, including equities, and other financial instruments and balances (e.g. fixed term deposits and current accounts), held as an earmarked portfolio
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—
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Reverse repo transactions with credit institutions in connection with the management of securities portfolios under this item
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(a)
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Marketable equity instruments
Market price
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Recommended
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(b)
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Participating interests and illiquid equity shares, and any other equity instruments held as permanent investments
Cost subject to impairment
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Recommended
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(c)
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Investment in subsidiaries or significant interests
Net asset value
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Recommended
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(d)
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Marketable securities other than held to maturity
Market price
Any premiums or discounts are amortised
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Recommended
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(e)
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Marketable securities classified as held-to maturity or held as a permanent investment
Cost subject to impairment
Any premiums or discounts are amortised
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Recommended
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(f)
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Non-marketable securities
Cost subject to impairment
Any premiums or discounts are amortised
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Recommended
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(g)
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Balances with banks and loans
Nominal value, translated at the foreign exchange market rate if the balances or deposits are denominated in foreign currencies
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Recommended
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9.
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11.4.
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Off-balance sheet instruments revaluation differences
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Valuation results of foreign exchange forwards, foreign exchange swaps, interest rate swaps, forward rate agreements, forward transactions in securities, foreign exchange spot transactions from trade date to settlement date
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Net position between forward and spot, at the foreign exchange market rate
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Mandatory
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9.
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11.5.
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Accruals and prepaid expenditure
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Income not due in, but assignable to the reported period. Prepaid expenditure and accrued interest paid (i.e. accrued interest purchased with a security)
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Nominal value, foreign exchange translated at market rate
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Mandatory
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9.
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11.6.
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Sundry
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Advances, loans and other minor items. Revaluation suspense accounts (only balance sheet item during the year: unrealised losses at revaluation dates during the year, which are not covered by the respective revaluation accounts under the liability item “Revaluation accounts”). Loans on a trust basis. Investments related to customer gold deposits. Coins denominated in national euro area currency units. Current expense (net accumulated loss), loss of the previous year before coverage. Net pension assets
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Nominal value or cost
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Recommended
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Revaluation suspense accounts
Revaluation difference between average cost and market value, foreign exchange translated at market rate
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Revaluation suspense accounts: mandatory
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Investments related to customer gold deposits
Market value
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Investments related to customer gold deposits: mandatory
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—
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12.
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Loss for the year
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Nominal value
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Mandatory
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