# L_2007159EN.01004801.xml

| 20.6.2007 | EN | Official Journal of the European Union | L 159/48 |
| --- | --- | --- | --- |

20.6.2007

EN

Official Journal of the European Union

L 159/48

---

GUIDELINE OF THE EUROPEAN CENTRAL BANK

of 31 May 2007

amending Guideline ECB/2004/15 on the statistical reporting requirements of the European Central Bank in the field of balance of payments and international investment position statistics, and the international reserves template

(ECB/2007/3)

(2007/426/EC)

THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,

Having regard to the Statute of the European System of Central Banks and of the European Central Bank, and in particular Article 5.1 and 5.2 thereof,

Whereas:

| (1) | Due to changing needs resulting from economic and technical developments, it is necessary to regularly update the data requirements in Guideline ECB/2004/15 of 16 July 2004 on the statistical reporting requirements of the European Central Bank in the field of balance of payments and international investment position statistics, and the international reserves template (1), and to readjust the level of the breakdown required under that Guideline. |
| --- | --- |

(1)

Due to changing needs resulting from economic and technical developments, it is necessary to regularly update the data requirements in Guideline ECB/2004/15 of 16 July 2004 on the statistical reporting requirements of the European Central Bank in the field of balance of payments and international investment position statistics, and the international reserves template (1), and to readjust the level of the breakdown required under that Guideline.

| (2) | When further Member States adopt the euro, it will be necessary to compile back data for the euro area aggregate in its new composition, on balance of payments (including the seasonally adjusted current account) and international investment position statistics. Certain amendments to Guideline ECB/2004/15 are therefore required to cater for future enlargements of the euro area in respect of the provision of back data. The period for which such back data must be provided may be reassessed by 2010. |
| --- | --- |

(2)

When further Member States adopt the euro, it will be necessary to compile back data for the euro area aggregate in its new composition, on balance of payments (including the seasonally adjusted current account) and international investment position statistics. Certain amendments to Guideline ECB/2004/15 are therefore required to cater for future enlargements of the euro area in respect of the provision of back data. The period for which such back data must be provided may be reassessed by 2010.

| (3) | The Nationale Bank van België/Banque Nationale de Belgique is responsible for providing back data for both Belgium and Luxembourg prior to January 2002 and therefore can only provide joint back data for Belgium and Luxembourg prior to January 2002. |
| --- | --- |

(3)

The Nationale Bank van België/Banque Nationale de Belgique is responsible for providing back data for both Belgium and Luxembourg prior to January 2002 and therefore can only provide joint back data for Belgium and Luxembourg prior to January 2002.

| (4) | The availability of a functioning Centralised Securities Database (CSDB) of sufficient quality is essential for ensuring the smooth operation of security-by-security data collection systems and for fulfilling the target coverage referred to in Annex VI to Guideline ECB/2004/15 at the quality level specified in that Guideline. The Governing Council, having regard to any observations by the General Council, will assess, in the course of 2007 and afterwards if relevant, whether the quality (including coverage) of the securities information in the CSDB and the arrangements for data exchange with the Member States are sufficient to enable national central banks (NCBs), or other competent statistical authorities where relevant, to meet the quality standards specified in Guideline ECB/2004/15, |
| --- | --- |

(4)

The availability of a functioning Centralised Securities Database (CSDB) of sufficient quality is essential for ensuring the smooth operation of security-by-security data collection systems and for fulfilling the target coverage referred to in Annex VI to Guideline ECB/2004/15 at the quality level specified in that Guideline. The Governing Council, having regard to any observations by the General Council, will assess, in the course of 2007 and afterwards if relevant, whether the quality (including coverage) of the securities information in the CSDB and the arrangements for data exchange with the Member States are sufficient to enable national central banks (NCBs), or other competent statistical authorities where relevant, to meet the quality standards specified in Guideline ECB/2004/15,

HAS ADOPTED THIS GUIDELINE:

Article 1

Guideline ECB/2004/15 is amended as follows:

| 1. | Article 2 is amended as follows:






  (a) | Paragraph 6 is replaced by the following:

  ‘6.   From March 2008, starting with data corresponding to January 2008 transactions and to end-2007 positions, portfolio investment collection systems shall conform to one of the models set out in the table contained in Annex VI. The chosen model may be phased in to enable the individual NCB to reach the target coverage indicated in Annex VI at the latest by March 2009, in relation to December 2008 stocks.’ |
| --- | --- | --- |

1.

Article 2 is amended as follows:

(a)

Paragraph 6 is replaced by the following:

‘6.   From March 2008, starting with data corresponding to January 2008 transactions and to end-2007 positions, portfolio investment collection systems shall conform to one of the models set out in the table contained in Annex VI. The chosen model may be phased in to enable the individual NCB to reach the target coverage indicated in Annex VI at the latest by March 2009, in relation to December 2008 stocks.’

| (b) | The following paragraph 7 is added:







  ‘7. | (a) | In respect of any Member State that adopts the euro on or after 1 January 2007, both the NCB of that Member State and the NCBs of all other participating Member States at the time such Member State adopts the euro shall provide the ECB with back data corresponding to the data required under Tables 1 to 8 of Annex II, to enable the compilation of aggregates covering the euro area in its new composition. These NCBs shall provide the back data from the reference dates set out below, with the exception of the breakdowns listed under Table 13, for which the earliest reference period to be reported shall be the one indicated in that table. All back data may be provided on a best estimate basis.






  (i) | If the Member State that adopts the euro joined the EU before May 2004, the back data shall cover, as a minimum, the period from 1999. |
| --- | --- | --- | --- | --- |

(b)

The following paragraph 7 is added:

‘7.

(a)

In respect of any Member State that adopts the euro on or after 1 January 2007, both the NCB of that Member State and the NCBs of all other participating Member States at the time such Member State adopts the euro shall provide the ECB with back data corresponding to the data required under Tables 1 to 8 of Annex II, to enable the compilation of aggregates covering the euro area in its new composition. These NCBs shall provide the back data from the reference dates set out below, with the exception of the breakdowns listed under Table 13, for which the earliest reference period to be reported shall be the one indicated in that table. All back data may be provided on a best estimate basis.

(i)

If the Member State that adopts the euro joined the EU before May 2004, the back data shall cover, as a minimum, the period from 1999.

| (ii) | If the Member State that adopts the euro joined the EU in May 2004, the back data shall cover, as a minimum, the period from 2004. |
| --- | --- |

(ii)

If the Member State that adopts the euro joined the EU in May 2004, the back data shall cover, as a minimum, the period from 2004.

| (iii) | If the Member State that adopts the euro joined the EU after May 2004, the back data shall cover, as a minimum, the period from the date on which that Member State joined the EU. |
| --- | --- |

(iii)

If the Member State that adopts the euro joined the EU after May 2004, the back data shall cover, as a minimum, the period from the date on which that Member State joined the EU.

(b)

If the back data referred to in subparagraph (a) do not already include monthly observations covering five years for each of the four main sub-items of the balance of payments current account, namely goods, services, income and current transfers, then the NCBs shall ensure that the data which they provide include such observations.

(c)

By derogation from subparagraph (a), the Banque centrale du Luxembourg shall not be required to transmit back data for the period ending December 2001 and the Nationale Bank van België/Banque Nationale de Belgique shall transmit joint back data for Belgium and Luxembourg for the period ending December 2001.’

| 2. | Article 3 is amended as follows:
  Paragraph 6 is replaced by the following:

  ‘6.   Transactions and positions in debt securities broken down by currency of issue shall be made available to the ECB within six months of the end of the period to which the data relate.’ |
| --- | --- |

2.

Article 3 is amended as follows:

Paragraph 6 is replaced by the following:

‘6.   Transactions and positions in debt securities broken down by currency of issue shall be made available to the ECB within six months of the end of the period to which the data relate.’

| 3. | Article 6 is amended as follows:
  The following new paragraph 4a is inserted after paragraph 4:

  ‘4a.   Best estimates shall be permitted for the following breakdowns in Table 2 of Annex II:






  (a) | sub-items of income on other investment: I C 2.3.1 to C 2.3.3, and memorandum items 1 to 4; |
| --- | --- | --- |

3.

Article 6 is amended as follows:

The following new paragraph 4a is inserted after paragraph 4:

‘4a.   Best estimates shall be permitted for the following breakdowns in Table 2 of Annex II:

(a)

sub-items of income on other investment: I C 2.3.1 to C 2.3.3, and memorandum items 1 to 4;

| (b) | sub-items of current transfers: I D 1.1 to D 1.8 and D 2.2.1 to D 2.2.11; and |
| --- | --- |

(b)

sub-items of current transfers: I D 1.1 to D 1.8 and D 2.2.1 to D 2.2.11; and

| (c) | sub-items of capital transfers: II A.1 and A.2.’ |
| --- | --- |

(c)

sub-items of capital transfers: II A.1 and A.2.’

| 4. | Annexes II, III and VI to Guideline ECB/2004/15 are amended in accordance with Annexes I, II and III, respectively, to this Guideline. |
| --- | --- |

4.

Annexes II, III and VI to Guideline ECB/2004/15 are amended in accordance with Annexes I, II and III, respectively, to this Guideline.

Article 2

Entry into force

This Guideline shall enter into force on the 20th day following its publication in the Official Journal of the European Union.

Official Journal of the European Union

Article 3

Addressees

This Guideline is addressed to the NCBs of the Member States that have adopted the euro.

Done at Frankfurt am Main, 31 May 2007.

For the Governing Council of the ECB

The President of the ECB

Jean-Claude TRICHET

---

(1)  
  OJ L 354, 30.11.2004, p. 34.

1

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ANNEX I

Annex II to Guideline ECB/2004/15 is amended as follows:

| 1. | Table 2 is replaced by the following:
  ‘TABLE 2
  Monthly national contributions to the euro area balance of payments (1) | Credit | Debit | Net |
| --- | --- | --- | --- | --- |
| I.   Current account |
| A. | Goods |

1.

Table 2 is replaced by the following:

‘TABLE 2

Monthly national contributions to the euro area balance of payments (1)

Credit

Debit

Net

Current account

A.

Goods

extra

extra

extra

| B. | Services |
| --- | --- |

B.

Services

extra

extra

extra

Income

| 1. | Compensation of employees |
| --- | --- |

1.

Compensation of employees

extra

extra

extra

Investment income

| 2.1. | Direct investment |
| --- | --- |

2.1.

Direct investment

extra

extra

extra

| 2.1.1. | Income on equity |
| --- | --- |

2.1.1.

Income on equity

extra

extra

extra

| 2.1.1.1. | Dividends and distributed profit |
| --- | --- |

2.1.1.1.

Dividends and distributed profit

extra

extra

extra

| 2.1.1.2. | Reinvested earnings and undistributed profit |
| --- | --- |

2.1.1.2.

Reinvested earnings and undistributed profit

extra

extra

extra

| 2.1.2. | Income on debt (interest) |
| --- | --- |

2.1.2.

Income on debt (interest)

extra

extra

extra

| 2.2. | Portfolio investment |
| --- | --- |

2.2.

Portfolio investment

extra

national

| 2.2.1. | Income on equity |
| --- | --- |

2.2.1.

Income on equity

extra

national

| 2.2.2. | Income on debt (interest) |
| --- | --- |

2.2.2.

Income on debt (interest)

extra

national

| 2.2.2.1. | Bonds and notes |
| --- | --- |

2.2.2.1.

Bonds and notes

extra

national

| 2.2.2.2. | Money market instruments |
| --- | --- |

2.2.2.2.

Money market instruments

extra

national

| 2.3. | Other investment |
| --- | --- |

2.3.

Other investment

extra

extra

extra

| 2.3.1. | Interest according to BPM5 (not adjusted for FISIM (2)) |
| --- | --- |

2.3.1.

Interest according to BPM5 (not adjusted for FISIM (2))

extra

extra

extra

| 2.3.2. | Income attributed to insurance policyholders |
| --- | --- |

2.3.2.

Income attributed to insurance policyholders

extra

extra

extra

| 2.3.3. | Other |
| --- | --- |

2.3.3.

Other

extra

extra

extra

Memorandum item:

| 1. | investment income — interest according to the SNA93 (3) (adjusted for FISIM) |
| --- | --- |

1.

extra

| 2. | value of FISIM |
| --- | --- |

2.

extra

extra

extra

| 3. | investment income — interest according to BPM5 (not adjusted for FISIM) |
| --- | --- |

3.

extra

| 4. | investment income — other than interest |
| --- | --- |

4.

extra

| D. | Current transfers |
| --- | --- |

D.

Current transfers

extra

extra

extra

| 1. | General government |
| --- | --- |

1.

General government

extra

extra

extra

| 1.1. | taxes on products |
| --- | --- |

1.1.

taxes on products

extra

extra

extra

| 1.2. | other taxes on production |
| --- | --- |

1.2.

other taxes on production

extra

extra

extra

| 1.3. | subsidies on products |
| --- | --- |

1.3.

subsidies on products

extra

extra

extra

| 1.4. | other subsidies on production |
| --- | --- |

1.4.

other subsidies on production

extra

extra

extra

| 1.5. | taxes on income, wealth, etc. |
| --- | --- |

1.5.

taxes on income, wealth, etc.

extra

extra

extra

| 1.6. | social contributions |
| --- | --- |

1.6.

social contributions

extra

extra

extra

| 1.7. | social benefits other than social transfers in kind |
| --- | --- |

1.7.

social benefits other than social transfers in kind

extra

extra

extra

| 1.8. | other current transfers of general government |
| --- | --- |

1.8.

other current transfers of general government

extra

extra

extra

| 2. | Other sectors |
| --- | --- |

2.

Other sectors

extra

extra

extra

| 2.1. | workers’ remittances |
| --- | --- |

2.1.

workers’ remittances

extra

extra

extra

| 2.2. | other transfers |
| --- | --- |

2.2.

other transfers

extra

extra

extra

| 2.2.1. | taxes on products |
| --- | --- |

2.2.1.

taxes on products

extra

extra

extra

| 2.2.2. | other taxes on production |
| --- | --- |

2.2.2.

other taxes on production

extra

extra

extra

| 2.2.3. | subsidies on products |
| --- | --- |

2.2.3.

subsidies on products

extra

extra

extra

| 2.2.4. | other subsidies on production |
| --- | --- |

2.2.4.

other subsidies on production

extra

extra

extra

| 2.2.5. | taxes on income, wealth, etc. |
| --- | --- |

2.2.5.

taxes on income, wealth, etc.

extra

extra

extra

| 2.2.6. | social contributions |
| --- | --- |

2.2.6.

social contributions

extra

extra

extra

| 2.2.7. | social benefits other than social transfers in kind |
| --- | --- |

2.2.7.

social benefits other than social transfers in kind

extra

extra

extra

| 2.2.8. | net non-life insurance premiums |
| --- | --- |

2.2.8.

net non-life insurance premiums

extra

extra

extra

| 2.2.9. | non-life insurance claims |
| --- | --- |

2.2.9.

non-life insurance claims

extra

extra

extra

| 2.2.10. | other current transfers of other sectors not included elsewhere |
| --- | --- |

2.2.10.

other current transfers of other sectors not included elsewhere

extra

extra

extra

| 2.2.11. | adjustment for the change in net equity of households in pension fund reserves |
| --- | --- |

2.2.11.

adjustment for the change in net equity of households in pension fund reserves

extra

extra

extra

| II. | Capital account |
| --- | --- |

II.

extra

extra

extra

| A. | Capital transfers |
| --- | --- |

A.

Capital transfers

extra

extra

extra

| 1. | capital taxes |
| --- | --- |

1.

capital taxes

extra

extra

extra

| 2. | investment grants and other capital transfers |
| --- | --- |

2.

investment grants and other capital transfers

extra

extra

extra

| B. | Acquisition/disposal of non-produced non-financial assets |
| --- | --- |

B.

Acquisition/disposal of non-produced non-financial assets

extra

extra

extra

Net assets

Net liabilities

Net

Financial account

| 1. | Direct investment |
| --- | --- |

1.

Direct investment

extra

| 1.1. | Abroad |
| --- | --- |

1.1.

Abroad

extra

| 1.1.1. | Equity capital |
| --- | --- |

1.1.1.

Equity capital

extra

| 1.1.1.1. | MFIs (excluding central banks) |
| --- | --- |

1.1.1.1.

MFIs (excluding central banks)

extra

| 1.1.1.2. | Other sectors |
| --- | --- |

1.1.1.2.

Other sectors

extra

| 1.1.2. | Reinvested earnings |
| --- | --- |

1.1.2.

Reinvested earnings

extra

| 1.1.2.1. | MFIs (excluding central banks) |
| --- | --- |

1.1.2.1.

MFIs (excluding central banks)

extra

| 1.1.2.2. | Other sectors |
| --- | --- |

1.1.2.2.

Other sectors

extra

| 1.1.3. | Other capital |
| --- | --- |

1.1.3.

Other capital

extra

| 1.1.3.1. | MFIs (excluding central banks) |
| --- | --- |

1.1.3.1.

MFIs (excluding central banks)

extra

| 1.1.3.2. | Other sectors |
| --- | --- |

1.1.3.2.

Other sectors

extra

| 1.2. | In the reporting country |
| --- | --- |

1.2.

In the reporting country

extra

| 1.2.1. | Equity capital |
| --- | --- |

1.2.1.

Equity capital

extra

| 1.2.1.1. | MFIs (excluding central banks) |
| --- | --- |

1.2.1.1.

MFIs (excluding central banks)

extra

| 1.2.1.2. | Other sectors |
| --- | --- |

1.2.1.2.

Other sectors

extra

| 1.2.2. | Reinvested earnings |
| --- | --- |

1.2.2.

Reinvested earnings

extra

| 1.2.2.1. | MFIs (excluding central banks) |
| --- | --- |

1.2.2.1.

MFIs (excluding central banks)

extra

| 1.2.2.2. | Other sectors |
| --- | --- |

1.2.2.2.

Other sectors

extra

| 1.2.3. | Other capital |
| --- | --- |

1.2.3.

Other capital

extra

| 1.2.3.1. | MFIs (excluding central banks) |
| --- | --- |

1.2.3.1.

MFIs (excluding central banks)

extra

| 1.2.3.2. | Other sectors |
| --- | --- |

1.2.3.2.

Other sectors

extra

| 2. | Portfolio investment |
| --- | --- |

2.

Portfolio investment

intra/extra

national

| 2.1. | Equity securities |
| --- | --- |

2.1.

Equity securities

intra/extra

national

of which: Investment funds and money market funds shares:

intra/extra

national

| (i) | held by monetary authorities |
| --- | --- |

(i)

extra

| (ii) | held by general government |
| --- | --- |

(ii)

extra

| (iii) | held by MFIs (excluding central banks) |
| --- | --- |

(iii)

extra

| (iv) | held by other sectors |
| --- | --- |

(iv)

extra

| 2.1.1. | Held by monetary authorities |
| --- | --- |

2.1.1.

Held by monetary authorities

extra

| 2.1.2. | Held by general government |
| --- | --- |

2.1.2.

Held by general government

extra

| 2.1.3. | Issued by MFIs (excluding central banks) |
| --- | --- |

2.1.3.

Issued by MFIs (excluding central banks)

intra

national

| 2.1.4. | Held by MFIs (excluding central banks) |
| --- | --- |

2.1.4.

Held by MFIs (excluding central banks)

extra

| 2.1.5. | Issued by other sectors |
| --- | --- |

2.1.5.

Issued by other sectors

intra

national

| 2.1.6. | Held by other sectors |
| --- | --- |

2.1.6.

Held by other sectors

extra

| 2.2. | Debt securities |
| --- | --- |

2.2.

Debt securities

intra/extra

national

| 2.2.1. | Bonds and notes |
| --- | --- |

2.2.1.

Bonds and notes

intra/extra

national

| 2.2.1.1. | Issued by monetary authorities |
| --- | --- |

2.2.1.1.

Issued by monetary authorities

intra

national

| 2.2.1.2. | Held by monetary authorities |
| --- | --- |

2.2.1.2.

Held by monetary authorities

extra

| 2.2.1.3. | Issued by general government |
| --- | --- |

2.2.1.3.

Issued by general government

intra

national

| 2.2.1.4. | Held by general government |
| --- | --- |

2.2.1.4.

Held by general government

extra

| 2.2.1.5. | Issued by MFIs (excluding central banks) |
| --- | --- |

2.2.1.5.

Issued by MFIs (excluding central banks)

intra

national

| 2.2.1.6. | Held by MFIs (excluding central banks) |
| --- | --- |

2.2.1.6.

Held by MFIs (excluding central banks)

extra

| 2.2.1.7. | Issued by other sectors |
| --- | --- |

2.2.1.7.

Issued by other sectors

intra

national

| 2.2.1.8. | Held by other sectors |
| --- | --- |

2.2.1.8.

Held by other sectors

extra

| 2.2.2. | Money market instruments |
| --- | --- |

2.2.2.

Money market instruments

intra/extra

national

| 2.2.2.1. | Issued by monetary authorities |
| --- | --- |

2.2.2.1.

Issued by monetary authorities

intra

national

| 2.2.2.2. | Held by monetary authorities |
| --- | --- |

2.2.2.2.

Held by monetary authorities

extra

| 2.2.2.3. | Issued by general government |
| --- | --- |

2.2.2.3.

Issued by general government

intra

national

| 2.2.2.4. | Held by general government |
| --- | --- |

2.2.2.4.

Held by general government

extra

| 2.2.2.5. | Issued by MFIs (excluding central banks) |
| --- | --- |

2.2.2.5.

Issued by MFIs (excluding central banks)

intra

national

| 2.2.2.6. | Held by MFIs (excluding central banks) |
| --- | --- |

2.2.2.6.

Held by MFIs (excluding central banks)

extra

| 2.2.2.7. | Issued by other sectors |
| --- | --- |

2.2.2.7.

Issued by other sectors

intra

national

| 2.2.2.8. | Held by other sectors |
| --- | --- |

2.2.2.8.

Held by other sectors

extra

| 3. | Financial derivatives |
| --- | --- |

3.

Financial derivatives

national

| 3.1. | Monetary authorities |
| --- | --- |

3.1.

Monetary authorities

national

| 3.2. | General government |
| --- | --- |

3.2.

General government

national

| 3.3. | MFIs (excluding central banks) |
| --- | --- |

3.3.

MFIs (excluding central banks)

national

| 3.4. | Other sectors |
| --- | --- |

3.4.

Other sectors

national

| 4. | Other investment |
| --- | --- |

4.

Other investment

extra

extra

extra

| 4.1. | Monetary authorities |
| --- | --- |

4.1.

Monetary authorities

extra

extra

| 4.1.1. | Loans/currency and deposits |
| --- | --- |

4.1.1.

Loans/currency and deposits

extra

extra

| 4.1.2. | Other assets/liabilities |
| --- | --- |

4.1.2.

Other assets/liabilities

extra

extra

| 4.2. | General government |
| --- | --- |

4.2.

General government

extra

extra

| 4.2.1. | Trade credits |
| --- | --- |

4.2.1.

Trade credits

extra

extra

| 4.2.2. | Loans/currency and deposits |
| --- | --- |

4.2.2.

Loans/currency and deposits

extra

extra

| 4.2.2.1. | Loans |
| --- | --- |

4.2.2.1.

Loans

extra

| 4.2.2.2. | Currency and deposits |
| --- | --- |

4.2.2.2.

Currency and deposits

extra

| 4.2.3. | Other assets/liabilities |
| --- | --- |

4.2.3.

Other assets/liabilities

extra

extra

| 4.3. | MFIs (excluding central banks) |
| --- | --- |

4.3.

MFIs (excluding central banks)

extra

extra

| 4.3.1. | Loans/currency and deposits |
| --- | --- |

4.3.1.

Loans/currency and deposits

extra

extra

| 4.3.2. | Other assets/liabilities |
| --- | --- |

4.3.2.

Other assets/liabilities

extra

extra

| 4.4. | Other sectors |
| --- | --- |

4.4.

Other sectors

extra

extra

| 4.4.1. | Trade credits |
| --- | --- |

4.4.1.

Trade credits

extra

extra

| 4.4.2. | Loans/currency and deposits |
| --- | --- |

4.4.2.

Loans/currency and deposits

extra

extra

| 4.4.2.1. | Loans |
| --- | --- |

4.4.2.1.

Loans

extra

| 4.4.2.2. | Currency and deposits |
| --- | --- |

4.4.2.2.

Currency and deposits

extra

| 4.4.3. | Other assets/liabilities |
| --- | --- |

4.4.3.

Other assets/liabilities

extra

extra

| 5. | Reserve assets |
| --- | --- |

5.

Reserve assets

extra

| 5.1. | Monetary gold |
| --- | --- |

5.1.

Monetary gold

extra

| 5.2. | Special drawing rights |
| --- | --- |

5.2.

Special drawing rights

extra

| 5.3. | Reserve position in the IMF |
| --- | --- |

5.3.

Reserve position in the IMF

extra

| 5.4. | Foreign exchange |
| --- | --- |

5.4.

Foreign exchange

extra

| 5.4.1. | Currency and deposits |
| --- | --- |

5.4.1.

Currency and deposits

extra

| 5.4.1.1. | with monetary authorities and the BIS |
| --- | --- |

5.4.1.1.

with monetary authorities and the BIS

extra

| 5.4.1.2. | with MFIs (excluding central banks) |
| --- | --- |

5.4.1.2.

with MFIs (excluding central banks)

extra

| 5.4.2. | Securities |
| --- | --- |

5.4.2.

Securities

extra

| 5.4.2.1. | Equities |
| --- | --- |

5.4.2.1.

Equities

extra

| 5.4.2.2. | Bonds and notes |
| --- | --- |

5.4.2.2.

Bonds and notes

extra

| 5.4.2.3. | Money market instruments |
| --- | --- |

5.4.2.3.

Money market instruments

extra

| 5.4.3. | Financial derivatives |
| --- | --- |

5.4.3.

Financial derivatives

extra

| 5.5. | Other claims |
| --- | --- |

5.5.

Other claims

extra

| 2. | Table 4 is replaced by the following:
  ‘TABLE 4
  Quarterly national contributions to the euro area international investment position (4) | Assets | Liabilities | Net |
| --- | --- | --- | --- | --- |
| I. | Direct Investment |

2.

Table 4 is replaced by the following:

‘TABLE 4

Quarterly national contributions to the euro area international investment position (4)

Assets

Liabilities

Net

I.

extra

| 1.1. | Abroad |
| --- | --- |

1.1.

Abroad

extra

| 1.1.1. | Equity and reinvested earnings |
| --- | --- |

1.1.1.

Equity and reinvested earnings

extra

| 1.1.1.1. | MFIs (excluding central banks) |
| --- | --- |

1.1.1.1.

MFIs (excluding central banks)

extra

| 1.1.1.2. | Other sectors |
| --- | --- |

1.1.1.2.

Other sectors

extra

| 1.1.2. | Other capital |
| --- | --- |

1.1.2.

Other capital

extra

| 1.1.2.1. | MFIs (excluding central banks) |
| --- | --- |

1.1.2.1.

MFIs (excluding central banks)

extra

| 1.1.2.2. | Other sectors |
| --- | --- |

1.1.2.2.

Other sectors

extra

| 1.2. | In the reporting economy |
| --- | --- |

1.2.

In the reporting economy

extra

| 1.2.1. | Equity and reinvested earnings |
| --- | --- |

1.2.1.

Equity and reinvested earnings

extra

| 1.2.1.1. | MFIs (excluding central banks) |
| --- | --- |

1.2.1.1.

MFIs (excluding central banks)

extra

| 1.2.1.2. | Other sectors |
| --- | --- |

1.2.1.2.

Other sectors

extra

| 1.2.2. | Other capital |
| --- | --- |

1.2.2.

Other capital

extra

| 1.2.2.1. | MFIs (excluding central banks) |
| --- | --- |

1.2.2.1.

MFIs (excluding central banks)

extra

| 1.2.2.2. | Other sectors |
| --- | --- |

1.2.2.2.

Other sectors

extra

| II. | Portfolio Investment |
| --- | --- |

II.

national

| 2.1. | Equity securities |
| --- | --- |

2.1.

Equity securities

intra/extra

national

of which: Investment funds and money market funds shares:

intra/extra

national

| (i) | held by monetary authorities |
| --- | --- |

(i)

extra

| (ii) | held by general government |
| --- | --- |

(ii)

extra

| (iii) | held by MFIs (excluding central banks) |
| --- | --- |

(iii)

extra

| (iv) | held by other sectors |
| --- | --- |

(iv)

extra

| 2.1.1. | Held by monetary authorities |
| --- | --- |

2.1.1.

Held by monetary authorities

extra

| 2.1.2. | Held by general government |
| --- | --- |

2.1.2.

Held by general government

extra

| 2.1.3. | Issued by MFIs (excluding central banks) |
| --- | --- |

2.1.3.

Issued by MFIs (excluding central banks)

intra

national

| 2.1.4. | Held by MFIs (excluding central banks) |
| --- | --- |

2.1.4.

Held by MFIs (excluding central banks)

extra

| 2.1.5. | Issued by other sectors |
| --- | --- |

2.1.5.

Issued by other sectors

intra

national

| 2.1.6. | Held by other sectors |
| --- | --- |

2.1.6.

Held by other sectors

extra

| 2.2. | Debt securities |
| --- | --- |

2.2.

Debt securities

intra/extra

national

| 2.2.1. | Bonds and notes |
| --- | --- |

2.2.1.

Bonds and notes

intra/extra

national

| 2.2.1.1. | Issued by monetary authorities |
| --- | --- |

2.2.1.1.

Issued by monetary authorities

intra

national

| 2.2.1.2. | Held by monetary authorities |
| --- | --- |

2.2.1.2.

Held by monetary authorities

extra

| 2.2.1.3. | Issued by general government |
| --- | --- |

2.2.1.3.

Issued by general government

intra

national

| 2.2.1.4. | Held by general government |
| --- | --- |

2.2.1.4.

Held by general government

extra

| 2.2.1.5. | Issued by MFIs (excluding central banks) |
| --- | --- |

2.2.1.5.

Issued by MFIs (excluding central banks)

intra

national

| 2.2.1.6. | Held by MFIs (excluding central banks) |
| --- | --- |

2.2.1.6.

Held by MFIs (excluding central banks)

extra

| 2.2.1.7. | Issued by other sectors |
| --- | --- |

2.2.1.7.

Issued by other sectors

intra

national

| 2.2.1.8. | Held by other sectors |
| --- | --- |

2.2.1.8.

Held by other sectors

extra

| 2.2.2. | Money market instruments |
| --- | --- |

2.2.2.

Money market instruments

intra/extra

national

| 2.2.2.1. | Issued by monetary authorities |
| --- | --- |

2.2.2.1.

Issued by monetary authorities

intra

national

| 2.2.2.2. | Held by monetary authorities |
| --- | --- |

2.2.2.2.

Held by monetary authorities

extra

| 2.2.2.3. | Issued by general government |
| --- | --- |

2.2.2.3.

Issued by general government

intra

national

| 2.2.2.4. | Held by general government |
| --- | --- |

2.2.2.4.

Held by general government

extra

| 2.2.2.5. | Issued by MFIs (excluding central banks) |
| --- | --- |

2.2.2.5.

Issued by MFIs (excluding central banks)

intra

national

| 2.2.2.6. | Held by MFIs (excluding central banks) |
| --- | --- |

2.2.2.6.

Held by MFIs (excluding central banks)

extra

| 2.2.2.7. | Issued by other sectors |
| --- | --- |

2.2.2.7.

Issued by other sectors

intra

national

| 2.2.2.8. | Held by other sectors |
| --- | --- |

2.2.2.8.

Held by other sectors

extra

| III. | Financial derivatives |
| --- | --- |

III.

extra

extra

extra

| 3.1. | Monetary authorities |
| --- | --- |

3.1.

Monetary authorities

extra

extra

extra

| 3.2. | General government |
| --- | --- |

3.2.

General government

extra

extra

extra

| 3.3. | MFIs (excluding central banks) |
| --- | --- |

3.3.

MFIs (excluding central banks)

extra

extra

extra

| 3.4. | Other sectors |
| --- | --- |

3.4.

Other sectors

extra

extra

extra

| IV. | Other investment |
| --- | --- |

IV.

extra

extra

extra

| 4.1. | Monetary authorities |
| --- | --- |

4.1.

Monetary authorities

extra

extra

| 4.1.1. | Loans/currency and deposits |
| --- | --- |

4.1.1.

Loans/currency and deposits

extra

extra

| 4.1.2. | Other assets/liabilities |
| --- | --- |

4.1.2.

Other assets/liabilities

extra

extra

| 4.2. | General government |
| --- | --- |

4.2.

General government

extra

extra

| 4.2.1. | Trade credits |
| --- | --- |

4.2.1.

Trade credits

extra

extra

| 4.2.2. | Loans/currency and deposits |
| --- | --- |

4.2.2.

Loans/currency and deposits

extra

extra

| 4.2.2.1. | Loans |
| --- | --- |

4.2.2.1.

Loans

extra

| 4.2.2.2. | Currency and deposits |
| --- | --- |

4.2.2.2.

Currency and deposits

extra

| 4.2.3. | Other assets/liabilities |
| --- | --- |

4.2.3.

Other assets/liabilities

extra

extra

| 4.3. | MFIs (excluding central banks) |
| --- | --- |

4.3.

MFIs (excluding central banks)

extra

extra

| 4.3.1. | Loans/currency and deposits |
| --- | --- |

4.3.1.

Loans/currency and deposits

extra

extra

| 4.3.2. | Other assets/liabilities |
| --- | --- |

4.3.2.

Other assets/liabilities

extra

extra

| 4.4. | Other sectors |
| --- | --- |

4.4.

Other sectors

extra

extra

| 4.4.1. | Trade credits |
| --- | --- |

4.4.1.

Trade credits

extra

extra

| 4.4.2. | Loans/currency and deposits |
| --- | --- |

4.4.2.

Loans/currency and deposits

extra

extra

| 4.4.2.1. | Loans |
| --- | --- |

4.4.2.1.

Loans

extra

| 4.4.2.2. | Currency and deposits |
| --- | --- |

4.4.2.2.

Currency and deposits

extra

| 4.4.3. | Other assets/liabilities |
| --- | --- |

4.4.3.

Other assets/liabilities

extra

extra

| V. | Reserve assets |
| --- | --- |

V.

extra

| 5.1. | Monetary gold |
| --- | --- |

5.1.

Monetary gold

extra

| 5.2. | Special drawing rights |
| --- | --- |

5.2.

Special drawing rights

extra

| 5.3. | Reserve position in the IMF |
| --- | --- |

5.3.

Reserve position in the IMF

extra

| 5.4. | Foreign exchange |
| --- | --- |

5.4.

Foreign exchange

extra

| 5.4.1. | Currency and deposits |
| --- | --- |

5.4.1.

Currency and deposits

extra

| 5.4.1.1. | with monetary authorities and the BIS |
| --- | --- |

5.4.1.1.

with monetary authorities and the BIS

extra

| 5.4.1.2. | with MFIs (excluding central banks) |
| --- | --- |

5.4.1.2.

with MFIs (excluding central banks)

extra

| 5.4.2. | Securities |
| --- | --- |

5.4.2.

Securities

extra

| 5.4.2.1. | Equities |
| --- | --- |

5.4.2.1.

Equities

extra

| 5.4.2.2. | Bonds and notes |
| --- | --- |

5.4.2.2.

Bonds and notes

extra

| 5.4.2.3. | Money market instruments |
| --- | --- |

5.4.2.3.

Money market instruments

extra

| 5.4.3. | Financial derivatives |
| --- | --- |

5.4.3.

Financial derivatives

extra

| 5.5. | Other claims |
| --- | --- |

5.5.

Other claims

extra

| 3. | Table 5 is replaced by the following:
  ‘TABLE 5
  Annual national contributions to the euro area international investment position (5) | Assets | Liabilities | Net |
| --- | --- | --- | --- | --- |
| I. | Direct investment |

3.

Table 5 is replaced by the following:

‘TABLE 5

Annual national contributions to the euro area international investment position (5)

Assets

Liabilities

Net

I.

extra

| 1.1. | Abroad |
| --- | --- |

1.1.

Abroad

extra

| 1.1.1. | Equity and reinvested earnings |
| --- | --- |

1.1.1.

Equity and reinvested earnings

extra

| 1.1.1.1. | MFIs (excluding central banks) |
| --- | --- |

1.1.1.1.

MFIs (excluding central banks)

extra

| 1.1.1.2. | Other sectors |
| --- | --- |

1.1.1.2.

Other sectors

extra

of which:

| 1.1.1.A | Equity stocks in foreign listed companies (market values) |
| --- | --- |

1.1.1.A

Equity stocks in foreign listed companies (market values)

extra

| 1.1.1.B | Equity stocks in foreign unlisted companies (book value) |
| --- | --- |

1.1.1.B

Equity stocks in foreign unlisted companies (book value)

extra

Memorandum item:

| — | Equity stocks in foreign listed companies (book values) |
| --- | --- |

—

extra

| 1.1.2. | Other capital |
| --- | --- |

1.1.2.

Other capital

extra

| 1.1.2.1. | MFIs (excluding central banks) |
| --- | --- |

1.1.2.1.

MFIs (excluding central banks)

extra

| 1.1.2.2. | Other sectors |
| --- | --- |

1.1.2.2.

Other sectors

extra

| 1.2. | In the reporting economy |
| --- | --- |

1.2.

In the reporting economy

extra

| 1.2.1. | Equity and reinvested earnings |
| --- | --- |

1.2.1.

Equity and reinvested earnings

extra

| 1.2.1.1. | MFIs (excluding central banks) |
| --- | --- |

1.2.1.1.

MFIs (excluding central banks)

extra

| 1.2.1.2. | Other sectors |
| --- | --- |

1.2.1.2.

Other sectors

extra

of which:

| 1.2.1.A | Equity stocks in euro area listed companies (market values) |
| --- | --- |

1.2.1.A

Equity stocks in euro area listed companies (market values)

extra

| 1.2.1.B | Equity stocks in euro area unlisted companies (book values) |
| --- | --- |

1.2.1.B

Equity stocks in euro area unlisted companies (book values)

extra

Memorandum item:

| — | Equity stocks in euro area listed companies (book values) |
| --- | --- |

—

extra

| 1.2.2. | Other capital |
| --- | --- |

1.2.2.

Other capital

extra

| 1.2.2.1. | MFIs (excluding central banks) |
| --- | --- |

1.2.2.1.

MFIs (excluding central banks)

extra

| 1.2.2.2. | Other sectors |
| --- | --- |

1.2.2.2.

Other sectors

extra

| II. | Portfolio Investment |
| --- | --- |

II.

national

| 2.1. | Equity securities |
| --- | --- |

2.1.

Equity securities

intra/extra

national

of which: Investment funds and money market funds shares:

intra/extra

national

| (i) | held by monetary authorities |
| --- | --- |

(i)

extra

| (ii) | held by general government |
| --- | --- |

(ii)

extra

| (iii) | held by MFIs (excluding central banks) |
| --- | --- |

(iii)

extra

| (iv) | held by other sectors |
| --- | --- |

(iv)

extra

| 2.1.1. | Held by monetary authorities |
| --- | --- |

2.1.1.

Held by monetary authorities

extra

| 2.1.2. | Held by general government |
| --- | --- |

2.1.2.

Held by general government

extra

| 2.1.3. | Issued by MFIs (excluding central banks) |
| --- | --- |

2.1.3.

Issued by MFIs (excluding central banks)

intra

national

| 2.1.4. | Held by MFIs (excluding central banks) |
| --- | --- |

2.1.4.

Held by MFIs (excluding central banks)

extra

| 2.1.5. | Issued by other sectors |
| --- | --- |

2.1.5.

Issued by other sectors

intra

national

| 2.1.6. | Held by other sectors |
| --- | --- |

2.1.6.

Held by other sectors

extra

| 2.2. | Debt securities |
| --- | --- |

2.2.

Debt securities

intra/extra

national

| 2.2.1. | Bonds and notes |
| --- | --- |

2.2.1.

Bonds and notes

intra/extra

national

| 2.2.1.1. | Issued by monetary authorities |
| --- | --- |

2.2.1.1.

Issued by monetary authorities

intra

national

| 2.2.1.2. | Held by monetary authorities |
| --- | --- |

2.2.1.2.

Held by monetary authorities

extra

| 2.2.1.3. | Issued by general government |
| --- | --- |

2.2.1.3.

Issued by general government

intra

national

| 2.2.1.4. | Held by general government |
| --- | --- |

2.2.1.4.

Held by general government

extra

| 2.2.1.5. | Issued by MFIs (excluding central banks) |
| --- | --- |

2.2.1.5.

Issued by MFIs (excluding central banks)

intra

national

| 2.2.1.6. | Held by MFIs (excluding central banks) |
| --- | --- |

2.2.1.6.

Held by MFIs (excluding central banks)

extra

| 2.2.1.7. | Issued by other sectors |
| --- | --- |

2.2.1.7.

Issued by other sectors

intra

national

| 2.2.1.8. | Held by other sectors |
| --- | --- |

2.2.1.8.

Held by other sectors

extra

| 2.2.2. | Money market instruments |
| --- | --- |

2.2.2.

Money market instruments

intra/extra

national

| 2.2.2.1. | Issued by monetary authorities |
| --- | --- |

2.2.2.1.

Issued by monetary authorities

intra

national

| 2.2.2.2. | Held by monetary authorities |
| --- | --- |

2.2.2.2.

Held by monetary authorities

extra

| 2.2.2.3. | Issued by general government |
| --- | --- |

2.2.2.3.

Issued by general government

intra

national

| 2.2.2.4. | Held by general government |
| --- | --- |

2.2.2.4.

Held by general government

extra

| 2.2.2.5. | Issued by MFIs (excluding central banks) |
| --- | --- |

2.2.2.5.

Issued by MFIs (excluding central banks)

intra

national

| 2.2.2.6. | Held by MFIs (excluding central banks) |
| --- | --- |

2.2.2.6.

Held by MFIs (excluding central banks)

extra

| 2.2.2.7. | Issued by other sectors |
| --- | --- |

2.2.2.7.

Issued by other sectors

intra

national

| 2.2.2.8. | Held by other sectors |
| --- | --- |

2.2.2.8.

Held by other sectors

extra

| III. | Financial derivatives |
| --- | --- |

III.

extra

extra

extra

| 3.1. | Monetary authorities |
| --- | --- |

3.1.

Monetary authorities

extra

extra

extra

| 3.2. | General government |
| --- | --- |

3.2.

General government

extra

extra

extra

| 3.3. | MFIs (excluding central banks) |
| --- | --- |

3.3.

MFIs (excluding central banks)

extra

extra

extra

| 3.4. | Other sectors |
| --- | --- |

3.4.

Other sectors

extra

extra

extra

| IV. | Other investment |
| --- | --- |

IV.

extra

extra

extra

| 4.1. | Monetary authorities |
| --- | --- |

4.1.

Monetary authorities

extra

extra

| 4.1.1. | Loans/currency and deposits |
| --- | --- |

4.1.1.

Loans/currency and deposits

extra

extra

| 4.1.2. | Other assets/liabilities |
| --- | --- |

4.1.2.

Other assets/liabilities

extra

extra

| 4.2. | General government |
| --- | --- |

4.2.

General government

extra

extra

| 4.2.1. | Trade credits |
| --- | --- |

4.2.1.

Trade credits

extra

extra

| 4.2.2. | Loans/currency and deposits |
| --- | --- |

4.2.2.

Loans/currency and deposits

extra

extra

| 4.2.2.1. | Loans |
| --- | --- |

4.2.2.1.

Loans

extra

| 4.2.2.2. | Currency and deposits |
| --- | --- |

4.2.2.2.

Currency and deposits

extra

| 4.2.3. | Other assets/liabilities |
| --- | --- |

4.2.3.

Other assets/liabilities

extra

extra

| 4.3. | MFIs (excluding central banks) |
| --- | --- |

4.3.

MFIs (excluding central banks)

extra

extra

| 4.3.1. | Loans/currency and deposits |
| --- | --- |

4.3.1.

Loans/currency and deposits

extra

extra

| 4.3.2. | Other assets/liabilities |
| --- | --- |

4.3.2.

Other assets/liabilities

extra

extra

| 4.4. | Other sectors |
| --- | --- |

4.4.

Other sectors

extra

extra

| 4.4.1. | Trade credits |
| --- | --- |

4.4.1.

Trade credits

extra

extra

| 4.4.2. | Loans/currency and deposits |
| --- | --- |

4.4.2.

Loans/currency and deposits

extra

extra

| 4.4.2.1. | Loans |
| --- | --- |

4.4.2.1.

Loans

extra

| 4.4.2.2. | Currency and deposits |
| --- | --- |

4.4.2.2.

Currency and deposits

extra

| 4.4.3. | Other assets/liabilities |
| --- | --- |

4.4.3.

Other assets/liabilities

extra

extra

| V. | Reserve assets |
| --- | --- |

V.

extra

| 5.1. | Monetary gold |
| --- | --- |

5.1.

Monetary gold

extra

| 5.2. | Special drawing rights |
| --- | --- |

5.2.

Special drawing rights

extra

| 5.3. | Reserve position in the IMF |
| --- | --- |

5.3.

Reserve position in the IMF

extra

| 5.4. | Foreign exchange |
| --- | --- |

5.4.

Foreign exchange

extra

| 5.4.1. | Currency and deposits |
| --- | --- |

5.4.1.

Currency and deposits

extra

| 5.4.1.1. | with monetary authorities and the BIS |
| --- | --- |

5.4.1.1.

with monetary authorities and the BIS

extra

| 5.4.1.2. | with MFIs (excluding central banks) |
| --- | --- |

5.4.1.2.

with MFIs (excluding central banks)

extra

| 5.4.2. | Securities |
| --- | --- |

5.4.2.

Securities

extra

| 5.4.2.1. | Equities |
| --- | --- |

5.4.2.1.

Equities

extra

| 5.4.2.2. | Bonds and notes |
| --- | --- |

5.4.2.2.

Bonds and notes

extra

| 5.4.2.3. | Money market instruments |
| --- | --- |

5.4.2.3.

Money market instruments

extra

| 5.4.3. | Financial derivatives |
| --- | --- |

5.4.3.

Financial derivatives

extra

| 5.5. | Other claims |
| --- | --- |

5.5.

Other claims

extra

| 4. | Table 9 is replaced by the following:

  ‘TABLE 9
  ECB geographical breakdowns for quarterly balance of payments flows and annual international investment position data






  — | Denmark |
| --- | --- | --- |

4.

Table 9 is replaced by the following:

‘TABLE 9

ECB geographical breakdowns for quarterly balance of payments flows and annual international investment position data

—

| — | Sweden |
| --- | --- |

—

Sweden

| — | United Kingdom |
| --- | --- |

—

United Kingdom

| — | EU Member States outside the euro area and excluding Denmark, Sweden and the United Kingdom (6) |
| --- | --- |

—

EU Member States outside the euro area and excluding Denmark, Sweden and the United Kingdom (6)

| — | EU institutions (7) |
| --- | --- |

—

EU institutions (7)

| — | Switzerland |
| --- | --- |

—

Switzerland

| — | Canada |
| --- | --- |

—

Canada

| — | United States |
| --- | --- |

—

United States

| — | Japan |
| --- | --- |

—

Japan

| — | Offshore centres (8)







  — | of which: Hong Kong |
| --- | --- | --- |

—

Offshore centres (8)

—

of which: Hong Kong

| — | International organisations excluding the EU institutions (9) |
| --- | --- |

—

International organisations excluding the EU institutions (9)

| — | Brazil |
| --- | --- |

—

Brazil

| — | China |
| --- | --- |

—

China

| — | India |
| --- | --- |

—

India

| — | Russian Federation |
| --- | --- |

—

Russian Federation

(6)  No individual breakdown is required."

6

(7)  See composition in Table 12. No individual breakdown is required."

7

(8)  Only mandatory for the balance of payments financial account, the related income accounts and the international investment position. Current account (excluding income) flows vis-à-vis offshore centres may be reported either separately or indistinguishably under the residual item category. See composition in Table 11. No individual breakdown is required."

8

(9)  See composition in Table 12. No individual breakdown is required.’
  "

9

| 5. | Table 13 is amended by inserting the following rows at the end of the Table:








  ‘Income on equity breakdown |
| --- | --- |
| Quarterly b.o.p.
  Items I. C.2.1.1.1 and C.2.1.1.2 (*1) | Q4 2007 | March 2008 | Annex II, Table 2 |
| Income on other investment breakdown |
| Quarterly b.o.p.
  Items I. C.2.3.1 to C.2.3.3 (*1) | Q4 2008 | March 2009 | Annex II, Table 2 |
| Memorandum items 1 to 4 (*1) | Q4 2008 | March 2009 | Annex II, Table 2 |
| Current transfer breakdown |
| Quarterly b.o.p.
  Items I. D.1, D.2, D.2.1 and D.2.2 (*1) | Q4 2007 | March 2008 | Annex II, Table 2 |
| Items I. D.1.1 to D.1.8 and D.2.2.1 to D.2.2.11 (*1) | Q4 2008 | March 2009 | Annex II, Table 2 |
| Capital account breakdown |
| Quarterly b.o.p.
  Items II.A and II.B (*1) | Q4 2007 | March 2008 | Annex II, Table 2 |
| Items II.A.1 and II.A.2 (*1) | Q4 2008 | March 2009 | Annex II, Table 2 |
| Portfolio investment — equity securities — investment funds and money market funds shares |
| Quarterly b.o.p. | Q1 2010 | June 2010 | Annex II, Table 2 |
| Quarterly i.i.p. | Q1 2010 | June 2010 | Annex II, Table 4 |
| Annual i.i.p. | End December 2009 | June 2010 | Annex II, Table 5 |

5.

Table 13 is amended by inserting the following rows at the end of the Table:

‘Income on equity breakdown

Quarterly b.o.p.

Items I. C.2.1.1.1 and C.2.1.1.2 (*1)

*1

Q4 2007

March 2008

Annex II, Table 2

Income on other investment breakdown

Quarterly b.o.p.

Items I. C.2.3.1 to C.2.3.3 (*1)

*1

Q4 2008

March 2009

Annex II, Table 2

Memorandum items 1 to 4 (*1)

*1

Q4 2008

March 2009

Annex II, Table 2

Current transfer breakdown

Quarterly b.o.p.

Items I. D.1, D.2, D.2.1 and D.2.2 (*1)

*1

Q4 2007

March 2008

Annex II, Table 2

Items I. D.1.1 to D.1.8 and D.2.2.1 to D.2.2.11 (*1)

*1

Q4 2008

March 2009

Annex II, Table 2

Capital account breakdown

Quarterly b.o.p.

Items II.A and II.B (*1)

*1

Q4 2007

March 2008

Annex II, Table 2

Items II.A.1 and II.A.2 (*1)

*1

Q4 2008

March 2009

Annex II, Table 2

Portfolio investment — equity securities — investment funds and money market funds shares

Quarterly b.o.p.

Q1 2010

June 2010

Annex II, Table 2

Quarterly i.i.p.

Q1 2010

June 2010

Annex II, Table 4

Annual i.i.p.

End December 2009

June 2010

Annex II, Table 5

---

(6)  No individual breakdown is required.

6

(7)  See composition in Table 12. No individual breakdown is required.

7

(8)  Only mandatory for the balance of payments financial account, the related income accounts and the international investment position. Current account (excluding income) flows vis-à-vis offshore centres may be reported either separately or indistinguishably under the residual item category. See composition in Table 11. No individual breakdown is required.

8

(9)  See composition in Table 12. No individual breakdown is required.’
  ’

9

---

(1)

1

| “extra” | means transactions with non-euro area residents (for portfolio investment assets and related income it refers to the residency of the issuers) |
| --- | --- |
| “intra” | means transactions between different Member States of the euro area |
| “national” | means all cross-border transactions by residents of a participating Member State (used only in connection with liabilities on portfolio investment accounts and the net balance of the financial derivatives accounts) |

“extra”

means transactions with non-euro area residents (for portfolio investment assets and related income it refers to the residency of the issuers)

“intra”

means transactions between different Member States of the euro area

“national”

means all cross-border transactions by residents of a participating Member State (used only in connection with liabilities on portfolio investment accounts and the net balance of the financial derivatives accounts)

(2)  Financial intermediation services indirectly measured.

2

(3)  System of National Accounts 1993.’

3

(4)

4

| “extra” | means positions with non-euro area residents (for portfolio investment assets, it refers to the residency of the issuers) |
| --- | --- |
| “intra” | means positions between different Member States of the euro area |
| “national” | means all cross-border positions by residents of a participating Member State (used only in connection with liabilities on portfolio investment accounts)’ |

“extra”

means positions with non-euro area residents (for portfolio investment assets, it refers to the residency of the issuers)

“intra”

means positions between different Member States of the euro area

“national”

means all cross-border positions by residents of a participating Member State (used only in connection with liabilities on portfolio investment accounts)’

(5)

5

| “extra” | means positions with non-euro area residents (for portfolio investment assets, it refers to the residency of the issuers) |
| --- | --- |
| “intra” | means positions between different Member States of the euro area |
| “national” | means all cross-border positions by residents of a participating Member State (used only in connection with liabilities on portfolio investment accounts)’ |

“extra”

means positions with non-euro area residents (for portfolio investment assets, it refers to the residency of the issuers)

“intra”

means positions between different Member States of the euro area

“national”

means all cross-border positions by residents of a participating Member State (used only in connection with liabilities on portfolio investment accounts)’

(*1)  See Table 2 of Annex II.’

*1

---

ANNEX II

Annex III to Guideline ECB/2004/15 is amended as follows:

| 1. | The following text is inserted immediately before Section 1:

  ‘The terms “resident” and “residing” fall within the definitions laid down in Article 1(4) of Council Regulation (EC) No 2533/98. In the case of the euro area, the economic territory comprises: (i) the economic territory of the participating Member States; and (ii) the ECB, which is regarded as a resident unit of the euro area.
  The rest of the world (RoW) comprises the economic territories outside the euro area, i.e. Member States that have not adopted the euro, all third countries and international organisations, including those physically located within the euro area. All EU institutions (*1) are considered to be resident outside the euro area. Consequently, all transactions of participating Member States vis-à-vis EU institutions are recorded and classified as non-euro area transactions in the euro area balance of payments and international investment position statistics.
  In the cases set out below, residence is determined as follows:






  (a) | staff from embassies and military bases are to be classified as residents of the country of the employing government, except if they have been recruited locally in the host country where the embassy or military base is located; |
| --- | --- | --- |

1.

The following text is inserted immediately before Section 1:

‘The terms “resident” and “residing” fall within the definitions laid down in Article 1(4) of Council Regulation (EC) No 2533/98. In the case of the euro area, the economic territory comprises: (i) the economic territory of the participating Member States; and (ii) the ECB, which is regarded as a resident unit of the euro area.

The rest of the world (RoW) comprises the economic territories outside the euro area, i.e. Member States that have not adopted the euro, all third countries and international organisations, including those physically located within the euro area. All EU institutions (*1) are considered to be resident outside the euro area. Consequently, all transactions of participating Member States vis-à-vis EU institutions are recorded and classified as non-euro area transactions in the euro area balance of payments and international investment position statistics.

In the cases set out below, residence is determined as follows:

(a)

staff from embassies and military bases are to be classified as residents of the country of the employing government, except if they have been recruited locally in the host country where the embassy or military base is located;

| (b) | when undertaking cross-border transactions in land and/or buildings (e.g. holiday homes), property owners are treated as if they have transferred their ownership to a notional institutional unit that is actually resident in the country where the property is located. The notional unit is treated as being owned and controlled by the non-resident owner; |
| --- | --- |

(b)

when undertaking cross-border transactions in land and/or buildings (e.g. holiday homes), property owners are treated as if they have transferred their ownership to a notional institutional unit that is actually resident in the country where the property is located. The notional unit is treated as being owned and controlled by the non-resident owner;

| (c) | in the absence of any significant physical dimension to a legal entity, e.g. investment funds (as distinct from their managers), securitisation vehicles, and some special purpose entities, its residence is determined by the economic territory under whose laws the entity is incorporated. If the entity is not incorporated, legal domicile is used as a criterion, namely the country whose legal system governs the creation and continued existence of the entity. |
| --- | --- |

(c)

in the absence of any significant physical dimension to a legal entity, e.g. investment funds (as distinct from their managers), securitisation vehicles, and some special purpose entities, its residence is determined by the economic territory under whose laws the entity is incorporated. If the entity is not incorporated, legal domicile is used as a criterion, namely the country whose legal system governs the creation and continued existence of the entity.

(*1)  The ECB is not included.’
  "

| 2. | In the third paragraph of subsection 1.1, the second sentence (‘The main difference is that the ECB does not require a breakdown of direct investment income on equity into distributed and undistributed profits.’) is deleted. |
| --- | --- |

2.

In the third paragraph of subsection 1.1, the second sentence (‘The main difference is that the ECB does not require a breakdown of direct investment income on equity into distributed and undistributed profits.’) is deleted.

| 3. | The second paragraph of subsection 1.2 (‘While the IMF’s standard components of the capital account consist of a sectoral breakdown into the items “general government” and “other sectors” (with a further breakdown thereafter), the ECB compiles only a lump-sum capital account, without any breakdown.’) is deleted. |
| --- | --- |

3.

The second paragraph of subsection 1.2 (‘While the IMF’s standard components of the capital account consist of a sectoral breakdown into the items “general government” and “other sectors” (with a further breakdown thereafter), the ECB compiles only a lump-sum capital account, without any breakdown.’) is deleted.

---

(*1)  The ECB is not included.’
  ”

---

ANNEX III

Annex VI to Guideline ECB/2004/15 is amended as follows:

| 1. | In the third paragraph, the second sentence (‘Therefore, if the “project closure document” for Phase 1 of the CSDB project is not submitted to the Governing Council via the Statistics Committee of the European System of Central Banks by the end of March 2005, this deadline will be postponed by the same amount of time as that by which the submission is late.’) is deleted. |
| --- | --- |

1.

In the third paragraph, the second sentence (‘Therefore, if the “project closure document” for Phase 1 of the CSDB project is not submitted to the Governing Council via the Statistics Committee of the European System of Central Banks by the end of March 2005, this deadline will be postponed by the same amount of time as that by which the submission is late.’) is deleted.

| 2. | The sentence starting ‘From March 2008’ and ending ‘in the following table’ is replaced by the following sentence:

  ‘From the date specified in Article 2(6) and taking into account the phasing-in option referred to in that paragraph, euro area portfolio investment collection systems conform to one of the models in the following table:’ |
| --- | --- |

2.

The sentence starting ‘From March 2008’ and ending ‘in the following table’ is replaced by the following sentence:

‘From the date specified in Article 2(6) and taking into account the phasing-in option referred to in that paragraph, euro area portfolio investment collection systems conform to one of the models in the following table:’

---