Guideline of the European Central Bank of 1 August 2007 on monetary, financial institutions and markets statistics (recast) (ECB/2007/9)
Date: 2007-08-01
Institutions: European Central Bank
Subjects: European System of Central Banks, capital market, central bank, disclosure of information, financial institution, financial statistics, statistical method

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(Acts adopted under the EC Treaty/Euratom Treaty whose publication is not obligatory)

II

GUIDELINES

EUROPEAN CENTRAL BANK

GUIDELINE OF THE EUROPEAN CENTRAL BANK

of 1 August 2007

on monetary, financial institutions and markets statistics (recast)

(ECB/2007/9)

(2007/830/EC)

THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,

Having regard to the Statute of the European System of Central
Banks and of the European Central Bank, and in particular
Articles 5.1, 12.1 and 14.3 thereof,

Having regard to Regulation ECB/2001/13 of 22 November 2001
concerning the consolidated balance sheet of the monetary finan-
cial institutions sector (1),

Having regard to Council Directive 86/635/EEC of 8 December
1986 on the annual accounts and consolidated accounts of banks
and other financial institutions (6),

Having regard to Guideline ECB/2002/10 of 5 December 2002
on the legal framework for accounting and financial reporting in
the European System of Central Banks (7),

Having regard to Regulation ECB/2003/9 of 12 September 2003
on the application of minimum reserves (2),

Having regard to Annex A to Council Regulation (EC)
No 2223/96 of 25 June 1996 on the European system of national
and regional accounts in the Community (ESA 95) (8),

Having regard to Regulation ECB/2001/18 of 20 December 2001
concerning statistics on interest rates applied by monetary finan-
cial institutions to deposits and loans vis-à-vis households and
non-financial corporations (3),

Whereas:

Having regard to Regulation ECB/2007/8 concerning statistics on
the assets and liabilities of investment funds (4),

Having regard to Council Regulation (EC) No 2533/98 of
23 November 1998 concerning the collection of statistical infor-
mation by the European Central Bank (5),

(1)

Guideline ECB/2003/2 of 6 February 2003 concerning cer-
tain statistical reporting requirements of the European
Central Bank and the procedures for reporting by the
national central banks of statistical information in the field
of money and banking statistics has been significantly
amended on several occasions. Now that new amendments
are being made to the said Guideline it should be recast in
the interests of clarity and transparency.

(1) OJ L 333, 17.12.2001, p. 1. Regulation as last amended by Regula-

tion ECB/2006/20 (OJ L 2, 5.1.2007, p. 3).

(2) OJ L 250, 2.10.2003, p. 10.
(3) OJ L 10, 12.1.2002, p. 24. Regulation as amended by Regulation

ECB/2004/21 (OJ L 371, 18.12.2004, p. 42).

(4) OJ L 211, 11.8.2007, p. 8.
(5) OJ L 318, 27.11.1998, p. 8.

(6) OJ L 372, 31.12.1986, p. 1. Directive as amended by Directive
2006/46/EC of the European Parliament and of the Council (OJ L 224,
16.8.2006, p. 1).

(7) OJ L 58, 3.3.2003, p. 1.
(8) OJ L 310, 30.11.1996, p. 1. Regulation as last amended by Regula-
tion (EC) No 1267/2003 of the European Parliament and of the Coun-
cil (OJ L 180, 18.7.2003, p. 1).

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(2)

(3)

(4)

(5)

For compiling country-by-country and euro area aggre-
gated balance sheets of the monetary financial institution
(MFI) sector, the euro area consolidated balance sheet of
the MFI sector and the relevant euro area monetary aggre-
gates, the European Central Bank (ECB) requires an ECB
balance sheet, balance sheets from national central banks
(NCBs) and from MFIs other than NCBs (hereinafter ‘other
MFIs’) of Member States that have adopted the euro (here-
inafter ‘participating Member States’).

Regulation ECB/2007/8 concerning statistics on the assets
and liabilities of investment funds (1) (IFs) establishes that
the stocks of IFs’ securities with publicly available identifi-
cation codes must be reported on a security-by-security
(s-b-s) basis under the combined approach. The NCBs need
to classify and aggregate these data.

A functioning centralised securities database (CSDB) or
compatible national securities database is considered
essential for the classification of statistics on IFs’ assets and
liabilities.

Country-specific and comparative data on payment statis-
tics and instruments used in Member States that have
adopted the euro are essential for identifying and monitor-
ing developments, including the extent of integration of
their payment systems,

(a) Without prejudice to point (b), the following rules shall apply
in cases of accession to the European Union and/or adoption
of the euro:

(i) NCBs of Member States that joined the EU in May 2004
shall report back data to the ECB covering at least the
period from 2004;

(ii) NCBs of Member States that joined the EU before May
2004, but have not adopted the euro at the date of entry
into force of this Guideline, shall report back data to the
ECB covering at least the period from 1999 and the
period from 2003 for MFI interest rate statistics (herein-
after ‘MIR statistics’);

(iii) NCBs of Member States that joined the EU after May
2004 shall report back data to the ECB covering at least
the previous three years;

(iv)

In respect of positions vis-à-vis Member States that adopt
the euro following the entry into force of this Guideline,
NCBs of participating Member States shall report back
data to the ECB covering at least the period: (1) from
1999, if the Member State joined the EU before May
2004; or (2) from 2004, if the Member State joined the
EU in May 2004; or (3) covering the previous three years,
if the Member State joined the EU after May 2004. This
principle shall apply only to statistics for which data
broken down by counterpart country are also collected.

HAS ADOPTED THIS GUIDELINE:

(b) The following rules shall apply:

Article 1

Scope

1. General

This Guideline establishes the NCBs’ obligations to report mon-
etary, financial institutions and markets statistics to the ECB.

2. Reporting schemes, standards and transmission dates

(i)

for other financial intermediaries (OFIs), historical quar-
terly data shall be transmitted to the ECB starting with
those for the first available reference period, at least
starting with the data for the fourth quarter of 1998 as
the reference period;

(ii)

for securities, the time series transmitted to the ECB shall
commence in December 1989 for outstanding amounts
and January 1990 for flows;

(iii) for payments statistics,

five years of data shall be
reported including the latest reference year, on a best
effort basis.

NCBs shall report the items referred to in Articles 3 to 18 in
accordance with the schemes set out in Annex III and in accor-
dance with the electronic reporting standards laid down in
Annex IV to this Guideline. By September of each year, the ECB
shall communicate the exact transmission dates to NCBs in the
form of a reporting calendar for the following year.

Article 2

Definitions

For the purposes of this Guideline:

3. Back data reporting requirements

Only the reporting set out in Articles 3, 6, 7, 10, 11 and 13 to 17
is subject to back data reporting requirements.

(1) OJ L 211, 11.8.2007, p. 8.

1.

2.

3.

‘resident’ has the same meaning as defined in Article 1 of
Council Regulation (EC) No 2533/98;

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

‘credit institution’ has the same meaning as in Section I.2 of
Part 1 of Annex I to Regulation ECB/2001/13.

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Article 3

Balance sheet item statistics on monetary financial
institutions

1. Scope of reporting

— reclassifications and other adjustments: these shall comprise
all changes in the balance sheet stocks that arise due to: (i)
an alteration in statistical coverage of the MFI population (3),
(ii) the reclassification of assets or liabilities, or (iii) reporting
errors that have been corrected in the stocks only over a lim-
ited time range and effects of changes in structure (4),

( a ) G e n e r a l

NCBs shall compile and report two separate aggregated balance
sheets, both on a gross basis, in accordance with Regulation
ECB/2001/13: one aggregated balance sheet referring to the MFI
subsector ‘central bank’ and one aggregated balance sheet refer-
ring to the subsector ‘other MFIs’.

NCBs shall derive the required statistical information concerning
their own central bank balance sheet from their accounting sys-
tem by means of the bridging tables set out in Annex I to this
Guideline. The ECB, for statistical reporting purposes, shall derive
data from its own balance sheet, corresponding to the data
derived by the NCBs from their own balance sheets.

NCBs shall derive the required statistical information concerning
the other MFIs’ bank balance sheet by means of aggregating the
balance sheet items (BSI) data collected from resident individual
MFIs excluding the resident NCB.

These requirements shall cover end-month and end-quarter out-
standing amounts (1) (stocks) and monthly and quarterly flow
adjustments data.

— exchange rate adjustments: these shall comprise any change
in the stock position due to the impact of exchange rate
movements on assets and liabilities denominated in foreign
currency. The ECB shall calculate exchange rate adjustments
using currency proportions derived from the breakdown of
assets and liabilities into major currencies that are available
in Table 4 in Part 2 of Annex I to Regulation ECB/2001/13.

2. Reporting frequency and deadline

NCBs and the ECB’s Directorate Internal Finance shall report to
the ECB the monthly BSI stock and adjustments data by close of
business on the 15th working day following the end of the month
to which the data relate.

NCBs and the ECB’s Directorate Internal Finance shall report to
the ECB the quarterly BSI stock and adjustments data by close of
business on the 28th working day following the end of the quar-
ter to which they relate.

NCBs shall report statistical information on balance sheet items in
accordance with Part 1 of Annex III to this Guideline.

3. Revision policy

( b ) F l o w a d j u s t m e n t s

NCBs shall report to the ECB data for monthly and quarterly
reclassification adjustment series and revaluation adjustment
series, in accordance with Annex V to this Guideline.

The ECB shall calculate flows (2) by taking the difference between
end-month stocks and then removing those effects that do not
arise from transactions. It shall remove non-transaction develop-
ments by means of flow adjustments. Three types of flow adjust-
ments are:

— revaluations adjustments: these shall reflect the impact of
write-offs or write-downs of loans and of fluctuations in the
market price of the outstanding stock of marketable securi-
ties held, sold or issued,

NCBs may need to revise the data referring to the last period prior
to the current reference period. In addition, revisions referring to
data prior to the last period prior to the reference month may also
occur, arising from, for example, mistakes, reclassifications,
improved reporting procedures, etc. The ECB may process excep-
tional and ordinary revisions simultaneously or decide to post-
pone the processing of exceptional revisions until after the
monthly production period for monetary aggregates.

The revision policy shall comply with the principles in the ECB’s
Money and Banking Statistics Compilation Guide (5). To ensure a
good balance between the quality of monetary statistics and their
stability, and to enhance the consistency between the monthly
and the quarterly statistics, exceptional revisions to the monthly
data shall be submitted at the time of submitting the quarterly
statistics.

(1) In principle the balance sheet is drawn up as at the last calendar day of
the month/quarter without regard to local bank holidays. In the many
cases where this is not possible the balance sheet is drawn up at the
end of the last working day in accordance with national market or
accounting rules.
(2) I.e. transactions.

(3) I.e. inclusion or exclusion of MFIs if the business has been transferred

into or out of the MFI sector.
(4) I.e. mergers and acquisitions.
(5) European Monetary Institute, Money and Banking Statistics Compilation
Guide — Guidance provided to NCBs for the compilation of money andbank-
ing statistics for submission to the ECB, available on www.ecb.int.

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4. Grossing-up

Where NCBs grant derogations to small MFIs in accordance with
Article 2(2) of Regulation ECB/2001/13, 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 % cov-
erage, provided it fulfils the following minimum standards:

(a)

for missing breakdowns data, estimates shall be derived by
applying ratios based on the entire reporting population or
on a subset considered to be more representative of the ‘tail’;
and

(b) 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:

(i)

repeating the data when the results have proven to be
adequate; or

(ii) applying appropriate statistical estimation techniques to
take into account trends in the data or seasonal patterns.

5. Valuation and/or accounting rules

In compiling the central bank balance sheet, the NCBs and the
ECB shall follow the harmonised accounting rules in Guideline
ECB/2002/10, except:

(a) where NCBs and the ECB are required for accounting pur-
poses to revalue their securities portfolio on a monthly rather
than quarterly basis;

(b)

(c)

for accounting items 9.5 ‘other claims within the Eurosystem
(net)’ and 10.4 ‘other liabilities within the Eurosystem (net)’,
which shall be reported on a gross basis;

for accounting item 14 ‘revaluation accounts’, which shall be
reported on a gross basis for accounting purposes and on a
net basis for statistical purposes;

(d)

for unrealised losses, which shall be reported under item 11
‘other assets’.

valuation

The
ECB/2001/13 shall apply to ‘other MFIs’.

accounting

and/or

rules

in Regulation

6. Explanatory notes

NCBs shall submit explanatory notes explaining the reasons for
significant revisions and for exceptional revisions.

In addition, the NCBs shall provide the ECB with explanatory
notes concerning adjustments in ‘reclassifications and other
adjustments’ in accordance with the procedures set out in Part 2
of Annex V to this Guideline.

Article 4

Monitoring consistency

1. Scope of reporting

NCBs and the ECB shall monitor the consistency between their
respective end-month aggregated balance sheet for statistical pur-
poses as reported under Regulation ECB/2001/13 and their
accounting items as reported for the Eurosystem’s weekly finan-
cial statement under Guideline ECB/2002/10. They shall follow
the procedure set out in Annex II to this Guideline.

2. Reporting frequency and deadline

NCBs and the ECB shall perform these consistency checks
monthly. They shall report their outcome to the ECB before or
together with the BSI data, by the 15th working day after the end
of the reference period in accordance with the yearly calendar laid
down by the ECB and communicated to the NCBs by the end of
September each year. In reporting periods where the dates of their
Eurosystem end-month aggregated balance sheet for statistical
purposes and its accounting items as reported for the Eurosys-
tem’s weekly financial statement do not coincide, NCBs may com-
pare the statistical data with the daily balance sheet produced for
the last working day of the month. As the compiler of its own bal-
ance sheet, the ECB shall follow the same procedure.

3. Explanatory notes

NCBs and the ECB shall send the Monetary, Financial Institutions
and Markets Statistics Division explanatory notes for any discrep-
ancies identified: full explanatory notes and simplified explana-
tory notes. A full explanatory note shall be compiled only once a
year by a date set by the ECB with the information set out in Part
3 of Annex II to this Guideline. For the other months, they shall
only complete simplified explanatory notes according to the tem-
plate set out in Part 2 of Annex II to this Guideline. All NCBs and
the ECB shall send full explanatory notes at the same time.

Article 5

Statistics on e-money

1. Scope of reporting

The ECB, in cooperation with the NCBs, shall identify and record
on a yearly basis the features of e-money schemes in the EU, the
availability of the statistical information concerned and the com-
pilation methods related to it. NCBs shall report statistical infor-
mation on e-money issued by MFIs subject to their availability, in
accordance with the list of items laid down in Part 2 of Annex III
to this Guideline.

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2. Reporting frequency and deadline

needed for the compilation of euro area monetary aggregates and
MUFA.

Monthly data shall be submitted to the ECB at least twice a year,
by the last working day of March and September. According to
the NCBs’ data availability, more frequent data transmissions may
take place by the last working day of the month following the end
of the reference period. The reference period shall be the last
month of the quarter or of the six months to which the item
refers. Where e-money balances are unavailable by the deadline,
NCBs may report the last available data by the last working day
of the month.

Article 6

Central government balance sheet statistics

1. Scope of reporting

( a ) G e n e r a l

The NCBs shall report statistical information on central govern-
ment deposit liabilities, i.e close substitutes for deposit liabilities,
and holdings of cash and securities in accordance with Part 3 of
Annex III to this Guideline.

No reporting shall be required on de minimis grounds where the
phenomenon does not exist or is insignificant. The item ‘euro
banknotes and coins held by the central government’ shall be
reported as a high priority memorandum item. Estimates obtained
by using available data, such as monetary union financial accounts
(MUFA) annual and/or quarterly data, may be submitted.

( b ) F l o w a d j u s t m e n t s

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

2. Reporting frequency and deadline

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

Article 7

Memorandum items

1. Scope of reporting

( a ) G e n e r a l

To the extent that data are available, including on a best estimate
basis, or that the business concerned is significant from a mon-
etary point of view, the NCBs shall report further statistical infor-
mation in accordance with the list of memorandum items set out
in Part 4 of Annex III to this Guideline as a supplement to and
with the same frequency as the BSI statistics specified in
Article 3(2). The ECB, in cooperation with the NCBs, shall iden-
tify and record the availability of the statistical information con-
cerned and the compilation methods related to it. High priority
memorandum items, shown as bold cells, represent information

Subject to agreement between the ECB and the NCB, cells in bold
with an arrow ( ) may not be reported by the NCBs where alter-
native data sources are used by the ECB.

With reference to cells corresponding to Member States that have
not adopted the euro in Tables 3 and 4 in Part 2 of Annex I to
Regulation ECB/2001/13, if figures collected at higher level show
that they are insignificant, NCBs may decide not to require their
full reporting. In such a case, NCBs shall assess at regular inter-
vals, and at least once a year, whether or not data in respect of the
cells corresponding to Member States that have not adopted the
euro are significant, and inform the ECB and the MFIs of any
change in the reporting requirements in respect of the said cells.
Where data in respect of cells corresponding to Member States
that have not adopted the euro are insignificant and NCBs do not
to require their full reporting, they shall estimate the data using
existing information, in accordance with the methods set out
below, and report them as memorandum items with a quarterly
frequency.

( b ) F l o w a d j u s t m e n t s

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

2. Reporting frequency and deadline

The series shall be reported at monthly frequency for the items of
Sections 1 and 2 of Part 4 of Annex III to this Guideline or at
quarterly frequency for the items of Section 3 of Part 4 of
Annex III to this Guideline and with the same timeliness as the
mandatory monthly and quarterly MFI balance sheet statistics in
accordance with Regulation ECB/2001/13.

Data referring to cells corresponding to Member States that have
not adopted the euro of Tables 3 and 4 of Part 2 of Annex I to
Regulation ECB/2001/13, when estimated by the NCBs and
reported as memorandum items, may be reported to the ECB with
a delay of a further one month from the close of business on the
28th working day following the end of the quarter to which they
relate.

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3. Valuation and/or accounting rules

Memorandum items required under this Article shall be reported
following the same valuation and accounting rules as for the data
reported in accordance with Regulation ECB/2001/13.

Article 8

Reserve base statistics

1. Scope of reporting

4. Methods of estimation

With reference to Tables 3 and 4 of Part 2 of Annex I to Regula-
tion ECB/2001/13, where data in respect of cells corresponding
to Member States that have not adopted the euro are not required
by the NCBs, they shall be estimated in accordance with the stan-
dards below.

Where NCBs estimate the data using existing information, they
shall report these data to the ECB as memorandum items. The fol-
lowing methods of estimation shall be used unless agreed other-
wise with the ECB:

— the quarterly figures shall be estimated on the basis of data
reported by MFIs at lower frequency. The data shall be car-
ried forward into the missing period(s), by repeating them or
applying appropriate statistical techniques to reflect any
trend in the data or seasonal pattern,

— the quarterly figures shall be estimated on the basis of data
reported by MFIs on a more aggregated basis, or on the basis
of specific breakdowns that the NCBs consider meaningful,

— the quarterly figures shall be estimated on the basis of quar-
terly data collected from large MFIs responsible for at least
80 % of the business with the countries that acceded to the
EU on 1 May 2004,

— the quarterly figures shall be estimated on the basis of alter-
native data sources such as Bank for International Settle-
ments or balance of payments data, after any necessary
adjustment required due to differing concepts and definitions
used in such alternative sources compared with those used in
monetary and financial statistics, or

— the quarterly figures shall be estimated on the basis of data
for the countries that acceded to the EU on 1 May 2004
reported quarterly by MFIs as a single total.

Monthly statistics on the aggregated reserve base, broken down
according to type of liability, shall be calculated as end-month
stocks in accordance with Regulation ECB/2003/9 and with the
categories set out in Regulation ECB/2001/13. Data to produce
these statistics in accordance with Part 5 of Annex III to this
Guideline shall be drawn from the data that credit institutions
subject to minimum reserve requirements submit to NCBs.

2. Reporting frequency and deadline

The reserve base statistics shall comprise six time series for credit
institutions, referring to month-end stock figures to be transmit-
ted to the ECB monthly, at the latest by the NCB working day pre-
ceding the start of the reserve maintenance period, via the ESCB
data exchange system. Credit institutions in the tail shall report to
the NCBs a limited breakdown on a quarterly basis. For these tail
credit institutions, simplified reserve base statistics shall be used
for the three reserve maintenance periods. NCBs shall use the
quarterly reserve base data from the credit institutions in the tail
for the monthly figures reported to the ECB in the three data
transmissions following their release.

3. Revision policy

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

Article 9

Macro ratio statistics

1. Scope of reporting

The ECB shall monitor on a monthly basis, using end-month sta-
tistical information that credit institutions submit to NCBs in
accordance with Regulation ECB/2001/13, the accuracy of the
current standardised deductions from the reserve base that credit
institutions may apply to the outstanding amount of their debt
securities issued with an agreed maturity of up to two years. NCBs
shall compile the required aggregates in accordance with Part 6 of
Annex III to this Guideline and report them to the ECB.

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2. Reporting frequency and deadline

3. Grossing-up

The three time series for the credit institutions, referring to
month-end stocks figures, shall be transmitted to the ECB
monthly, at the latest by the NCB working day preceding the start
of the maintenance period.

The data reported in respect of the credit institutions’ balance
sheet shall cover 100 % of the institutions classified in this sector.
Where the actual reporting coverage is less than 100 % due to the
application of the cutting-off-the-tail principle, NCBs shall gross
up the data supplied to ensure 100 % coverage.

These series shall be transmitted even if the related balance sheet
items do not apply in the Member State.

Article 10

Credit institutions balance sheet statistics

Article 11

Structural financial indicators

1. Scope of reporting

1. Scope of reporting

( a ) G e n e r a l

( a ) G e n e r a l

NCBs shall report to the ECB separate balance sheet item data for
the credit institutions sector according to Tables 1, 2 and 4 of Part
2 of Annex I of Regulation ECB/2001/13 and to Part 7 of
Annex III to this Guideline. Since data on the entire MFIs sector
are already reported according to Regulation ECB/2001/13, the
requirements set out in this Article shall apply only for those
Member States where the reporting population of other MFIs con-
sists of both credit institutions and money market funds (MMFs)
and the impact of the MMFs is deemed to be statistically impor-
tant because the following criteria are simultaneously met:

(i)

the difference between the balance sheet total of the MFI sec-
tor and the balance sheet total of its subset of credit institu-
tions is more than EUR 5 000 million on a sustained basis;
and

NCBs shall report balance sheet data on other structural financial
indicators in accordance with Part 8 of Annex III to this Guideline.

NCBs shall provide data in respect of the 18 indicators specified
in Part 8 of Annex III to this Guideline in accordance with the
conceptual and methodological rules set out therein. The statisti-
cal principles adopted for the compilation of BSI statistics shall be
followed, namely:

(i) data shall be aggregated, not consolidated; and

(ii) the residency principle shall

follow the ‘host country

approach’; and

(iii) balance sheet data shall be reported on a gross basis.

( b ) F l o w a d j u s t m e n t s

(ii) MFIs other than credit institutions, i.e. MMFs, have an impact
on more than one item on either side of the MFI sector bal-
ance sheet.

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

Although in some Member States a small number of other insti-
tutions are classified as MFIs, these institutions shall be consid-
ered insignificant from a quantitative perspective.

( b ) F l o w a d j u s t m e n t s

2. Reporting frequency and deadline

Data to calculate structural financial indicators on credit institu-
tions shall be reported by the end of March of each year with ref-
erence 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.

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

3. Revision policy

2. Reporting frequency and deadline

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

Data shall be reported quarterly within 28 working days from the
end of the reference period.

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

Data requested under Table 3 of Part 7 in Annex III to this Guide-
line shall be reported from March 2005 as the reference month.

(b) exceptional revisions which significantly improve the quality

of the data may be sent during the year.

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4. Grossing-up

Collected data shall cover 100 % of the institutions defined as
credit institutions in accordance with Section I.2 of Part 1 of
Annex I to Regulation ECB/2001/13. Where the actual reporting
coverage is less than 100 % due to application of the cutting-off-
the-tail principle, NCBs shall gross up the data supplied in accor-
dance with Article 3(4) of this Guideline to ensure 100 %
coverage.

securitisation, shall be reported separately. Since the loan is under-
stood to be sold to the non-MFI sector, the related reporting shall
be required only in so far as it no longer appears on the balance
sheet of the MFI that had originally granted the loan to the other
resident sectors or on any other MFIs’ balance sheet.

2. Reporting frequency and deadline

5. Explanatory notes

Data shall be transmitted on the 15th working day following the
end of the month to which the data refer.

The NCBs shall report to the ECB any deviation from the defini-
tions and the rules above to allow monitoring of national prac-
tice. NCBs shall submit explanatory notes explaining the reasons
for significant revisions.

Article 12

Data for International Monetary Fund purposes

1. Scope of reporting

Without prejudice to NCBs’ statutory obligations vis-à-vis the
International Monetary Fund (IMF), NCBs may transmit supple-
mentary MFI balance sheet items statistics to the IMF via the ECB
in accordance with the following technical arrangements.

2. Reporting frequency and deadline

MFI balance sheet items according to Part 9 of Annex III to this
Guideline shall be transmitted by the NCBs to the ECB within the
framework of the monthly regular transmission of BSI data. The
data transmissions shall coincide with the regular BSI data report-
ing to the ECB, which takes place on the 15th working day fol-
lowing the end of the month to which the data refer, in accordance
with Article 3(2) of this Guideline. The frequency and timeliness
for high priority memorandum items laid down in Article 7(2) of
this Guideline shall also apply to the series defined here.

Article 13

Statistics on securitisation and other transfers of MFI loans
originally granted to non-MFIs

1. Scope of reporting

According to their availability, including on a best estimate basis,
NCBs shall report statistical information on sales and transfers of
MFI loans to third parties in accordance with Part 10 of Annex III
to this Guideline.

The data transmission to the ECB shall include: (i) gross flows, (ii)
net flows of loans originally granted by MFIs and sold to third par-
ties, where data on gross flows are not available, and (iii) stock
data, where available, shall be reported in both cases. For any of
these three types of data, loans sold to a financial vehicle corpo-
ration (FVC), that is where they are securitised through an FVC,
and loans transferred to other agents, whether or not involving

Article 14

Other financial intermediaries’ statistics

1. Scope of reporting

( a ) G e n e r a l

NCBs shall report statistical information on OFIs in accordance
with Part 11 of Annex III to this Guideline. Data shall be trans-
mitted separately for the following sub categories of OFIs: (i)
investment funds (except MMFs); and (ii) securities and derivatives
dealers (SDDs); and (iii) financial corporations engaged in lending
(FCLs); and (iv) other OFIs.

Data relating to OFIs shall be transmitted on the basis of data cur-
rently available at national level. Where actual data are unavail-
able 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 there-
fore 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 reporting population shall
comprise all types of OFIs resident in the participating Member
States: institutions located in the territory, including subsidiaries
of parent companies located outside that territory, and resident
branches of institutions that have their head office outside that
territory.

The following key indicators and supplementary information
shall be provided:

— key indicators to be transmitted for the compilation of euro
area aggregates: all participating Member States shall trans-
mit 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,

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— supplementary information to be transmitted as ‘memo
items’: these data shall be transmitted by countries for which
further detail is currently available.

4. Valuation and/or accounting rules

( b ) F l o w a d j u s t m e n t s

Flow adjustment data may be reported in the case of significant
breaks in stocks or when reclassifications and other adjustments
occur. In particular, flow adjustment data may be provided due to
reclassifications in the context of the implementation of the ESA
95 framework.

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

5. Explanatory notes

If transactions are estimated based on difference of two subse-
quent periods’ stocks, time series shall either be unreported or
reported as missing.

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

Flow adjustment data shall be reported in accordance with
Article 3(1)(b) of this Guideline.

6. Transitional provision

2. Reporting frequency and deadline

The reporting frequency to the ECB shall be quarterly. OFI statis-
tics shall be transmitted to the ECB at the latest on the last calen-
dar 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 trans-
mission dates shall be communicated to NCBs in advance in the
form of a reporting calendar provided by the ECB by September
each year.

3. Revision policy

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

The following general principles shall apply:

(a) on the occasion of all regular quarterly data transmissions, in
addition to the data on the latest quarter, only ‘ordinary’ revi-
sions, i.e. revisions to the data transmitted the previous quar-
ter, may be sent; and

(b) exceptional revisions shall be limited and reported on a dif-
ferent date from the regular reporting. Minor routine histori-
cal revisions to the data shall only be sent on a yearly basis,
together with the transmission of data for the fourth quarter;
and

NCBs shall cease reporting of statistical information referring to
IF statistics in the context of OFI statistics as soon as the Govern-
ing Council, taking into account the views of the Statistics Com-
mittee, decides that the available statistics on IF assets and
liabilities reported under Article 18 of this Guideline are of pub-
lishable quality at euro area level, and at the latest by the fourth
quarter 2009. NCBs may derive the IF statistics in accordance
with Part 11 of Annex III to this Guideline from the appropriate
statistical information collected for the purpose of statistics on IF
assets and liabilities in accordance with Part 14 of Annex III to
this Guideline.

Article 15

Securities issues statistics

1. Scope of reporting

NCBs shall report statistical information covering all securities
issues by euro area residents in any currency, both domestic and
international, in accordance with Part 12 of Annex III to this
Guideline.

2. Reporting frequency and deadline

Reporting to the ECB shall be monthly. Securities issues statistics
shall be transmitted to the ECB no later than five weeks after the
end of the months to which the data relate. The ECB shall com-
municate the exact transmission dates to the NCBs in advance in
the form of a reporting calendar.

3. Explanatory notes

(c)

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

NCB shall provide explanatory notes to the ECB as provided for
in Section 3 of Part 12 of Annex III to this Guideline.

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Article 16

MFI interest rate statistics

1. Scope of reporting

Stocks data shall be reported for all items in Tables 1 to 4 and 7.
All stocks shall refer to end-period figures, except for the items in
Table 2 with the reference ‘average for the last reserve mainte-
nance period’. Gross flows shall be reported for items in Tables 5,
6, 8 and 9, which consist of data on payment transactions.

For the purposes of MIR statistics, NCBs shall report aggregated
national monthly statistical information relating to outstanding
amounts and new business as specified in Appendices 1 and 2 of
Annex II to Regulation ECB/2001/18.

2. Reporting frequency and deadline

This statistical information shall be reported in accordance with
the yearly calendar laid down by the ECB and communicated to
the NCBs by the end of September each year.

3. Revision policy

NCBs may need to revise the previous reference month’s values.
Revisions arising from, for example, mistakes, reclassifications,
improved reporting procedures etc. applied to data prior to the
previous reference month may also occur.

NCBs shall report historical information for all items.

2. Reporting frequency and deadline

The series shall be reported annually to the ECB, regardless of the
data frequency. The data frequency shall be annual for all items in
Tables 4 to 9. The MFI balance sheet information in Table 1 shall
be monthly. The credit institutions’ balance sheet information
contained in Tables 2 and 3 shall be quarterly except for items
referred to positions with the NCB and electronic money institu-
tion items, which shall be annual. Structural information on credit
institutions contained in Table 3 shall be annual. For Tables 1
to 3, if the availability of data is severely restricted, NCBs may
transmit a minimum set of data to ensure a timely and valid
publication.

They shall apply the following general principles:

The minimum set of data shall include:

(a) where NCBs revise the data for the period prior to the previ-
ous reference month they shall submit explanatory notes to
the ECB; and

— monthly series: one observation relating to end-December

positions,

(b) NCBs shall also provide explanatory notes for significant revi-

sions; and

(c)

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

— quarterly series: one observation relating to the fourth quar-

ter of the year,

— annual series: one observation relating to end-December

positions.

4. Grossing-up

Where the actual MIR reporting coverage is less than 100 % due
to application of sampling, NCBs shall gross up the new business
volumes data supplied to ensure 100 % coverage.

The ECB shall communicate to the NCBs for each year the precise
dates for the data submission of each production round. NCBs
may transmit actual data either prior to the first production
round, subject to the ECB’s confirmation of its readiness to receive
data, or at any other times during production rounds.

Article 17

Payments statistics

1. Scope of reporting

In the absence of actual data, NCBs shall use estimates or provi-
sional data where possible.

NCBs shall report statistical information on payments in accor-
dance with Part 13 of Annex III to this Guideline. This shall com-
prise: (i) data on payment transactions and structure, as contained
in Tables 4 to 9; and (ii) related information on MFI’s and credit
institutions’ balance sheet items and structural information on
credit institutions, as contained in Tables 1 to 3.

The data providers or the NCBs may perform revisions based on
recalculations or on estimates. NCBs shall transmit revisions to
the ECB as part of the production rounds, preferably as part of the
first production round.

3. Revision policy

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4. Explanatory notes

( c ) B e a r e r s h a r e s

The ECB shall send to NCBs the previous year’s explanatory notes
in Word format, prior to the start of the first production round,
which shall be completed and/or corrected and returned to the
ECB. In these explanatory notes, NCBs shall explain deviations
from the requirements in detail, if possible including the impact
on the data.

If the data on bearer shares reported by IFs, MFIs and/or OFIs
to Regulation
other than IFs in accordance with Annex I
ECB/2007/8 are incomplete or not yet available, NCBs shall pro-
vide data on bearer shares on a best estimate basis according to
the geographical and sectoral breakdown in Table 1 of Part 14 of
Annex III to this Guideline.

Article 18

( d ) M e m o r a n d u m i t e m s

Statistics on IFs’ assets and liabilities

1. Scope of reporting

To the extent that data are available, including on a best estimate
basis, NCBs shall report on a monthly basis further statistical
information in accordance with Table 3 of Part 14 of Annex III
to this Guideline.

( a ) G e n e r a l

2. Reporting frequency and deadline

NCBs shall report statistical information on IF assets and liabili-
ties in accordance with Part 14 of Annex III to this Guideline, for
each of the following sub-sectors: equity funds, bond funds,
mixed funds, real estate funds, hedge funds, and other funds i.e.
by nature of investment, each of which shall be further broken
down into open-end funds and closed-end funds i.e. by type of IF.
For the purpose of IFs broken down by nature of investment,
funds of funds shall be classified under the category of funds in
which they primarily invest.

These requirements shall cover end-month and end-quarter stocks
as well as monthly and quarterly flow adjustments (1).

NCBs shall report to the ECB the monthly IF stocks, revaluation
adjustments and reclassification adjustments data by close of busi-
ness on the 28th working day following the end of the month to
which the data relate. The same deadline shall apply to the report-
ing of memorandum items.

NCBs shall report to the ECB the quarterly IF stocks, revaluation
adjustments and reclassification adjustments data by close of busi-
ness on the 28th working day following the end of the quarter to
which the data relate.

( b ) F l o w a d j u s t m e n t s

3. Revision policy

NCBs shall report to the ECB separate data on revaluation adjust-
ments due to price and exchange rate changes and reclassification
adjustments, as set out in Part 14 of Annex III and in accordance
with Annex V to this Guideline.

Financial transactions, and thereby adjustments, shall be derived
in accordance with ESA 95, referred to as the ‘ESA 95 method’
where possible. NCBs may deviate from ESA 95 due to divergent
national practices in accordance with Regulation ECB/2007/8.
Where s-b-s stock information is available, revaluation adjust-
ments may be derived in accordance with a common Eurosystem
method, i.e. the flow-derivation method referred to in Annex V to
this Guideline.

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;

following

(b) during the regular production periods, i.e. from the 28th
reference
the
working day
month/quarter to the day the data are disseminated back to
the NCBs, NCBs may revise the data referring to the previous
reference quarter, to the two months preceding it, as well as
to the months following the previous reference quarter;

end of

the

(1) In principle, the assets and liabilities are drawn up as at the last calen-
dar day of the month or quarter without taking into account local
bank holidays. However, in many cases this will not be possible and
the assets and liabilities will be drawn up at the end of the last work-
ing day in accordance with national market or accounting rules.

(c) outside the regular production periods, NCBs may also revise
data referring to reference periods prior to the two months
preceding the previous reference quarter, inter alia in case of
mistakes, reclassifications or improved reporting procedures.

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4. Derogations and grossing-up

To ensure the quality of the euro area IF statistics, where NCBs
IFs in accordance with
grant derogations to the smallest
Article 3(1) of Regulation ECB/2007/8, NCBs shall gross up
to 100 % coverage for these IFs in the compilation of the monthly
and quarterly IF assets and liabilities reported to the ECB, both for
stocks and revaluation adjustments.

NCBs may choose the procedure for grossing up to 100 % cov-
erage, provided it fulfils the following minimum standards:

(a)

for missing breakdowns data, estimates shall be derived by
applying ratios based on the corresponding investment fund
sub-sector, e.g. if an open-end bond fund falls within the tail
and only investment fund shares/units issued are collected,
the missing breakdowns shall be derived by applying the
structure of the open-end bond funds category;

(b) NCBs shall aggregate the data on securities derived under (a)
and add them to the information reported for securities with-
out publicly available identification codes to produce aggre-
gates for: (i) securities other than shares broken down by
maturity, currency and counterparty; and (ii) shares and other
equity, broken down by instrument and counterparty;
and (iii) total IF shares/units issued;

(c) NCBs shall derive the required statistical information on the
IF assets and liabilities by adding the data on securities derived
under (b) and the assets and liabilities other than securities
collected from resident individual IFs;

(d) NCBs shall aggregate the assets and liabilities of all IFs resi-
dent in a Member State and belonging to the same sub-sector.

The above shall also apply when NCBs collect data on IF assets
and liabilities on a monthly basis in accordance with Article 6(3)
of Regulation ECB/2007/8.

(b) no investment fund sub-sector (e.g. open-end real-estate
is completely

funds, closed-end real estate funds etc.)
excluded.

6. Estimation of monthly data

In accordance with Article 3(2) of Regulation ECB/2007/8, dero-
gations may be granted to IFs that due to national accounting
rules value their assets at a frequency lower than quarterly. Not-
withstanding such derogation, the monthly and quarterly IF data
reported by NCBs to the ECB shall always include data relating to
these IFs.

In accordance with Article 6(1)(b) of Regulation ECB/2007/8,
NCBs collect IF shares/units issued on a monthly basis. For refer-
ence months that are not end-quarter months, NCBs shall esti-
mate the monthly data on IF assets and liabilities other than
investment fund shares/units issued, based on the collected
monthly and quarterly data unless data are collected on a monthly
basis as set out in Article 6(3) of Regulation ECB/2007/8.

5. Combined approach: derivation of aggregated data

Where the combined approach defined in Annex I of Regulation
ECB/2007/8 is applied, NCBs shall derive the aggregated quarterly
assets and liabilities of the IF sub-sectors in line with Table 1 of
Part 14 of Annex III to this Guideline as follows:

(a)

for securities with publicly available identification codes, the
NCBs shall map the information provided on an s-b-s basis
to the information derived from the CSDB or compatible
national securities databases. The mapped s-b-s information
shall be used to compile the value of assets and liabilities in
euro and to derive the necessary breakdowns for each indi-
vidual security of the IF. If the security identifiers are not
found in the CSDB or compatible national securities data-
bases, or the information necessary for the compilation of
the assets and liabilities in line with Table 1 of Part 14 of
Annex III to this Guideline is not available from the CSDB or
compatible national securities databases, the NCBs shall esti-
mate the missing data. NCBs may also collect s-b-s informa-
tion on securities without publicly available identification
codes by using NCB internal security identifiers;

Where possible, NCBs shall make estimates at the individual fund
level. Alternatively, an NCB may make estimates by IF sub-sector
or may request the ECB to make the estimates. In the latter case
the ECB may request additional information such as fund-by-fund
or security-by-security data.

7. Valuation and/or accounting rules

The valuation and/or accounting rules in Regulation ECB/2007/8
shall apply also when the NCBs report IF data to the ECB. How-
ever, for items which are subject to accrued interest the following
rules shall apply:

(a)

‘securities other than shares’ include accrued interest;

(b)

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

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8. Explanatory notes

NCBs shall submit explanatory notes explaining the reasons for
significant revisions. In addition, the NCBs shall provide the ECB
with explanatory notes concerning reclassification adjustments.
NCBs shall also provide explanatory notes concerning the revi-
sions mentioned in Article 18(3)(c) of this Guideline.

9. Group reporting

In accordance with Article 5(3) of Regulation ECB/2007/8, NCBs
may allow IFs to report their assets and liabilities as a group, pro-
vided that this leads to results that are similar to fund-by-fund
reporting. IFs which report as a group shall belong to the same
sub-sector; for example, closed-end real estate funds or open-end
real estate funds.

10. Monitoring the quality of the CSDB or national securities

database in the context of s-b-s reporting

NCBs shall provide to the ECB on an annual basis either: (i) indi-
cators analysing the coverage and quality of the relevant set of
securities in the CSDB in accordance with the CSDB Manual of
Procedures, or (ii) the relevant information needed to derive the
coverage and quality indicators.

NCBs relying on national securities databases shall once a year
provide to the ECB aggregated results covering one quarter and at
least two statistically significant sub-sectors of IFs. These aggre-
gated results shall not differ by more than 5 % from those results
which would be obtained when using the CSDB. This applies to
information which is not reported by IFs.

The above information shall be transmitted to the ECB by the end
of February each year by taking as reference the end-December
data of the preceding year.

When reporting a new institution or an institution to be modi-
fied, NCBs shall complete all mandatory variables. When report-
ing an institution leaving the MFI sector which is not part of a
merger NCBs shall report the following information as a mini-
mum: the type of request, i.e. deletion, and the identification code
of the MFI, i.e. the ‘mfi_id’ variable.

NCBs shall not reallocate MFI identification codes of deleted MFIs
to new MFIs. In the case that this action is unavoidable, NCBs
shall submit a written explanation to the ECB at the same time
(using the ‘object_request’ type ‘mfi_req_realloc’).

When reporting updates, NCBs may use their national character
set, provided they use the Roman alphabet. NCBs shall use Uni-
code to correctly display all special character sets when receiving
information from the ECB via the Register of Institutions and
Assets Database (RIAD) Data Exchange System.

Prior to the transmission of updates to the ECB, NCBs shall carry
out the validation checks in Sections 1 to 10 of Part 2 of Annex VI
to this Guideline.

2. Reporting frequency and deadline

NCBs shall transmit to the ECB where possible updates of the vari-
ables specified in Part 1 of Annex VI to this Guideline, as soon as
changes in the MFI sector or in the attributes of existing MFIs
occur.

Article 19

List of MFIs for statistical purposes

If this is not possible, NCBs shall provide a written explanation for
the delay between the occurrence of the event and its reporting to
the ECB.

1. Scope of reporting

The variables collected to establish and maintain the list of MFIs
for statistical purposes which is provided for in Article 3 of Regu-
lation ECB/2001/13 are specified in Part 1 of Annex VI to this
Guideline.

NCBs shall report updates of the variables specified in Part 1 of
Annex VI to this Guideline, either when there are changes in the
MFI sector or when there are changes in attributes of existing
MFIs. There are changes in the MFI sector when an institution
joins the MFI sector (i.e. in case 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 case
of 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).

3. Transmission standards

NCBs shall transmit updates in XML format, via the RIAD Data
Exchange System, according to the document entitled ‘Exchange
Specification for the RIAD Data Exchange System’. In the event of
failure of the RIAD Data Exchange System, updates shall be trans-
mitted in XML format via the N13 Cebamail account. In the event
that the Cebamail system is not operational for file transfer of MFI
updates or corrections, NCBs shall transfer these files by e-mail
using the XML format, to the following address: birs@ecb.int.

When manual input procedures are used, NCBs shall have in place
an adequate set of controls to minimise operational errors and
ensure the accuracy and the consistency of the MFI updates
reported via the RIAD Data Exchange System.

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4. Acquisition and error acknowledgements

At the same time as releasing the list of MFIs and institutions sub-
ject to minimum reserves on its website, the ECB shall send it to
the NCBs via the RIAD Data Exchange System.

On receipt of the updates, the ECB shall immediately carry out the
validation checks in Sections 1 to 11 of Part 2 of Annex VI to this
Guideline.

The ECB shall immediately send back to the NCBs: (i) an acquisi-
tion acknowledgement containing summary information of the
MFI updates which have been processed and implemented suc-
cessfully in the MFI dataset; and/or (ii) an error acknowledgement
containing detailed information on the MFI updates and the vali-
dation checks which have failed. In accordance with Sections 1
to 11 of Part 2 of Annex VI to this Guideline, the ECB shall imple-
ment, in whole or in part, incomplete, incorrect or missing update
requests or shall reject them.

Article 20

List of IFs for statistical purposes

1. Scope of reporting

The variables collected to establish and maintain the list of IFs for
statistical purposes which is provided for in Article 4 of Regula-
tion ECB/2007/8 are specified in Annex VII to this Guideline.

On receipt of an error acknowledgement, NCBs shall take imme-
diate action to transmit corrected information. If correct informa-
tion depends on updates sent by other NCBs during the course of
the latest month and so is not available on the ECB’s website,
NCBs shall contact the ECB via the N13 Cebamail account, with
specific details of the information required.

NCBs shall report updates of the variables specified in Part 1 of
Annex VII to this Guideline either when there are changes in the
IF sector or when there are changes in attributes of existing IFs.
There are changes in the IF sector when an institution joins the IF
sector or when an existing IF leaves the IFs sector.

5. Dissemination of the list of MFIs and of the list of MFIs

and institutions subject to minimum reserves

The ECB shall take a copy of all changes implemented in the list
of MFIs every ECB working day at 17.00 Central European time
(CET) and disseminate it to all NCBs. The dissemination shall con-
tain the full details of each of the following changes reported by
NCBs: (i) new MFIs; (ii) updated MFIs; (iii) deleted MFIs; (iv) real-
location of MFI identification codes; (v) change of MFI identifica-
tion codes; and (vi) change of MFI identification codes involving
reallocation.

At 17.00 CET every ECB working day, the ECB shall take a copy
of the MFI dataset and make it available on the ECB’s website. All
MFI records shall be shown, irrespective of whether they are
inconsistent with Monetary Policy Eligible Counterparties (MPEC)
records or not.

NCBs shall derive updates by comparing their national list of IFs
at the end of two successive end-of-quarters, i.e. they shall not
take into account intra-quarter movements.

When reporting a new institution or an institution to be modi-
fied, NCBs shall complete all mandatory variables.

When reporting an institution leaving the IF sector, NCBs shall
report the following information as a minimum: the type of
request, i.e. deletion, and the identification code of the IF, i.e. the
‘if_id’ variable.

Once a year, pertaining to the 31 December reference date, NCBs
shall transmit an XML file specifically to report the net asset value
(NAV) per IF. That is, the NAV shall be provided separately from
changes to other IFs attributes. For all IFs, the following informa-
tion shall be provided: the type of request, i.e. if_req_nav, the IF’s
unique identification code, the NAV amount and the applicable
NAV date.

On the last ECB working day of each calendar month, the ECB
shall take a copy of the MFI dataset along with one variable from
the MPEC dataset i.e. the variable ‘reserve’ indicating whether
credit institutions resident in the euro area are subject to mini-
mum reserves or not, as at 17.00 CET. This copy shall not include
inconsistent MFI-MPEC records, i.e. if a euro area credit institu-
tion is listed in the MFI dataset but not in the MPEC dataset, and
vice versa. The ECB shall make available to the public a list of MFIs
and institutions subject to minimum reserves on the day follow-
ing the copy. If the copy is taken at 17.00 CET on a Friday, the
ECB shall make available the updated information at 12.00 CET
on Saturday.

For any given reference date, information on any new IFs or
changes to the identification codes of existing IFs, shall be trans-
mitted first to the ECB, prior to transmitting NAV information.

Where possible, NCBs shall not reallocate IF identification codes
of deleted IFs to new IFs. Where unavoidable, NCBs shall submit
a written explanation to the ECB via the N13 Cebamail account
at the same time as the IF record (using the object_request type
‘if_req_realloc’).

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When reporting updates, NCBs may use their national character
set, provided they use the Roman alphabet. NCBs shall use Uni-
code to correctly display all special character sets when receiving
information from the ECB via the RIAD Data Exchange System.

On receipt of an error acknowledgement, NCBs shall take imme-
diate action to transmit corrected information. If immediate
action is not feasible, they shall have a maximum of four working
days, i.e. until 17.59 CET on the fourth working day, to report
corrected information, following the stipulated deadline for
reporting.

Prior to the transmission of updates to the ECB, NCBs shall carry
out the validation checks in Part 3 of Annex VII to this Guideline.

5. Dissemination of the list of investment funds

2. Reporting frequency and deadline

NCBs shall transmit to the ECB updates of the variables specified
in Part 1 of Annex VII to this Guideline, at least on a quarterly
basis, with a timeliness of two months following the reference
date. However, the NAV variable shall be updated for all invest-
ment funds on an annual basis, with a lag of maximum two
months following the reference date of end-December.

3. Transmission standards

NCBs shall transmit updates in XML file format via the ESCB-Net
transmission channel, in accordance to the guidance given in the
document: ‘Exchange Specification for the RIAD Data Exchange
System’. The ECB will then process the data via the RIAD Data
Exchange System. In the event of failure of the ESCB-Net and/or
the RIAD Data Exchange System, updates shall be transmitted in
XML format via the N13 Cebamail account’. In the event that the
Cebamail system is not operational for file transfer of IF updates
or corrections, NCBs shall transfer these files by e-mail using the
XML format, to the following address: birs@ecb.int.

The ECB shall take a copy of the IF dataset, excluding values
marked as confidential and the ‘NAV’ variable, at 18.00 CET on
the fourth working day following the stipulated reporting date for
transmitting updates. The updated information shall become
available by 12.00 CET the next day. If the copy is taken at 18.00
CET on a Friday, the ECB shall make available the updated infor-
mation at 12.00 CET on Saturday.

The ECB shall not publish values which have been marked as
confidential.

The ECB shall not publish the ‘NAV’ per investment fund. Instead,
based on the ‘NAV’, the ECB shall establish a range of size classes
and the appropriate size class per investment fund.

At the same time as releasing the list of IFs on its website, the ECB
shall send it to the NCBs via the RIAD Data Exchange System.

Article 21

Verification

Without prejudice to the ECB’s verification rights set out in Regu-
lation (EC) No 2533/98 and Regulation ECB/2001/13, the NCBs
shall monitor and ensure the quality and reliability of statistical
information made available to the ECB.

When manual input procedures are used, NCBs shall have in place
an adequate set of controls to minimise operational errors and
ensure the accuracy and the consistency of the IF updates reported
via the RIAD Data Exchange System.

Article 22

Transmission standards

4. Acquisition and error acknowledgements

On receipt of the updates, the ECB shall immediately carry out the
validation checks in Part 3 of Annex VII to this Guideline.

The 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 elec-
tronic 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.

The ECB shall immediately send back to the NCBs: (i) an acquisi-
tion acknowledgement containing summary information of the IF
updates which have been processed and implemented successfully
in the IF dataset; and/or (ii) an error acknowledgement contain-
ing detailed information on the IF updates and the validation
checks which have failed. In accordance with Part 3 of Annex VII
the ECB shall implement, in whole or in part, incomplete, incor-
rect or missing update requests or shall reject them.

Article 23

Simplified amendment procedure

Taking into account the Statistics Committee’s opinion, the ECB’s
Executive Board may make any technical amendments to this
Guideline’s annexes that do not change the underlying concep-
tual framework or affect the reporting burden on reporting agents
in Member States.

L 341/16

EN

Official Journal of the European Union

27.12.2007

Article 24

Publication

Article 26

Entry into force

NCBs shall not publish national contributions to the monthly
euro area monetary aggregates until the ECB has published these
aggregates. Where NCBs publish such data, they shall be the same
as data that contributed to the last published euro area aggregates.
Where NCBs reproduce euro area aggregates published by the
ECB, they shall reproduce them faithfully.

Article 25

Repeal

Guideline ECB/2003/2 is hereby repealed.

This Guideline shall enter into force on the third day following
that on which Regulation ECB/2007/8 enters into force.

Article 27

Addressees

This Guideline applies to all Eurosystem central banks.

Done at Frankfurt am Main, 1 August 2007.

For the Governing Council of the ECB
The President of the ECB
Jean-Claude TRICHET

27.12.2007

EN

Official Journal of the European Union

L 341/17

ANNEX I

BRIDGING TABLES

The bridging tables provide a detailed link between the accounting balance sheet items and the items to be reported for sta-
tistical purposes.

The left-hand side of the bridging tables gives, for each cell of Tables 1, 2, 3 and 4 of Annex I to Regulation ECB/2001/13,
the item number, description and breakdown; the right-hand side of the bridging tables gives, for each accounting item, the
item number, description and breakdown requested. Certain Regulation ECB/2001/13 balance sheet items are not appli-
cable to the ECB’s/NCBs’ balance sheets (they are indicated as ‘n/a’).

BRIDGING TABLE

(Monthly data)

Bridging table. Item-by-item correspondence

LIABILITIES
Stocks

Regulation ECB/2001/13 — Annex 1 — Table 1

Accounting balance sheet format

Item

Description

Item

Description

Breakdown

Further breakdown provided

Residence

Sector

Sub-sector

Maturity

Residence

Type

Currency

Sector

Sub-sector

Maturity

8

9

Currency
in circulation

Deposits
(all currencies)

Domestic

MFIs

1

Banknotes in circulation

2,1

2,2

2,3

2,4

2,5

Liabilities to euro area credit institutions
related to monetary policy operations
denominated in euro — current accounts
(covering the minimum reserve system)

Domestic

Liabilities to euro area credit institutions
related to monetary policy operations
denominated in euro — deposit facility

Domestic

Liabilities to euro area credit institutions
related to monetary policy operations
denominated in euro — fixed-term depos-
its

Domestic

Liabilities to euro area credit institutions
related to monetary policy operations
denominated in euro — fine-tuning reverse
operations

Domestic

Liabilities to euro area credit institutions
related to monetary policy operations
denominated in euro — deposits related to
margin calls

Domestic

3

Other liabilities to euro area credit institu-
tions denominated in euro

Domestic

5,2

Liabilities to other euro area residents
denominated in euro — other liabilities

Domestic

7

Liabilities to euro area residents denomi-
nated in foreign currency

Domestic

10,1

Intra-Eurosystem liabilities — liabilities
equivalent to the transfer of foreign reserves
(only ECB’s balance sheet)

Domestic

L

3
4
1
/
1
8

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

LIABILITIES
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 1

Accounting balance sheet format

Item

Description

Breakdown

Residence

Sector

Sub-sector

Maturity

Item

10,2

Description

Further breakdown provided

Residence

Type

Currency

Sector

Sub-sector

Maturity

Intra-Eurosystem liabilities — liabilities
related to promissory notes backing the
issuance of ECB debt certificates (only
NCBs’ balance sheet)

Domestic

9

Deposits
(all currencies)

Domestic

Non-
MFIs

General
government

Central
government

9

Deposits
(all currencies)

Other participat-
ing Member
States

MFIs

10,4

Intra-Eurosystem liabilities — other liabili-
ties within the Eurosystem

Domestic

12

Other liabilities

Domestic

Deposits

All currencies

MFIs

5,1

Liabilities to other euro area residents
denominated in euro — general govern-
ment

Domestic

7

Liabilities to euro area residents denomi-
nated in foreign currency

Domestic

Non-MFIs

Central
government

Non-MFIs

Central
government

12

Other liabilities

Domestic

Deposits

All currencies

Non-MFIs

Central
government

2,1

2,2

2,3

2,4

2,5

Liabilities to euro area credit institutions
related to monetary policy operations
denominated in euro — currents accounts
(covering the minimum reserve system)

Other participat-
ing Member
States

Liabilities to euro area credit institutions
related to monetary policy operations
denominated in euro — deposit facility

Other participat-
ing Member
States

Liabilities to euro area credit institutions
related to monetary policy operations
denominated in euro — fixed-term depos-
its

Other participat-
ing Member
States

Liabilities to euro area credit institutions
related to monetary policy operations
denominated in euro — fine-tuning reverse
operations

Other participat-
ing Member
States

Liabilities to euro area credit institutions
related to monetary policy operations
denominated in euro — deposits related to
margin calls

Other participat-
ing Member
States

3

Other liabilities to euro area credit institu-
tions denominated in euro

Other participat-
ing Member
States

.

2
7
1
2
2
0
0
7

.

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
1
9

LIABILITIES
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 1

Accounting balance sheet format

Item

Description

Breakdown

Residence

Sector

Sub-sector

Maturity

Item

5,2

Description

Further breakdown provided

Residence

Type

Currency

Sector

Sub-sector

Maturity

Liabilities to other euro area residents
denominated in euro — other liabilities

Other participat-
ing Member
States

7

Liabilities to euro area residents denomi-
nated in foreign currency

Other participat-
ing Member
States

10,1

Intra-Eurosystem liabilities — liabilities
equivalent to the transfer of foreign reserves
(only ECB’s balance sheet)

Other participat-
ing Member
States

10,2

Intra-Eurosystem liabilities — liabilities
related to promissory notes backing the
issuance of ECB debt certificates (only
NCBs’ balance sheet)

Other participat-
ing Member
States

10,4

Intra-Eurosystem liabilities — other liabili-
ties within the Eurosystem

Other participat-
ing Member
States

12

Other liabilities

Other participat-
ing Member
States

Deposits

All currencies

MFIs

9

Deposits
(all currencies)

Other participat-
ing Member
States

Non-
MFIs

General
government

Central
government

5,1

Liabilities to other euro area residents
denominated in euro — general govern-
ment

Other participat-
ing Member
States

7

Liabilities to euro area residents denomi-
nated in foreign currency

Other participat-
ing Member
States

Non-MFIs

Central
government

Non-MFIs

Central
government

12

Other liabilities

Other participat-
ing Member
States

Deposits

All currencies

Non-MFIs

Central
government

L

3
4
1
/
2
0

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

LIABILITIES
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 1

Accounting balance sheet format

Item

Description

Item

Description

Breakdown

Further breakdown provided

Residence

Sector

Sub-sector

Maturity

Residence

Type

Currency

Sector

Sub-sector

Maturity

9

Deposits
(all currencies)

Rest of the world

6

Liabilities
denominated in euro

to non-euro area

residents

8,1

Liabilities
residents
to non-euro area
denominated in foreign currency — depos-
its, balances and other liabilities

8,2

Liabilities arising from the credit facility
under ERM II

9

Deposits
(all currencies)

Rest of the world

By maturity
(2 bands)

6

Liabilities
denominated in euro

to non-euro area

residents

12

Other liabilities

Rest of the world Deposits

All currencies

9e

Deposits (euro)

Domestic

MFIs

8,1

Liabilities
residents
to non-euro area
denominated in foreign currency — depos-
its, balances and other liabilities

8,2

Liabilities arising from the credit facility
under ERM II

12

Other liabilities

Rest of the world Deposits

All currencies

2,1

2,2

2,3

2,4

Liabilities to euro area credit institutions
related to monetary policy operations
denominated in euro — currents accounts
(covering the minimum reserve system)

Domestic

Liabilities to euro area credit institutions
related to monetary policy operations
denominated in euro — deposit facility

Domestic

Liabilities to euro area credit institutions
related to monetary policy operations
denominated in euro — fixed-term deposits

Domestic

Liabilities to euro area credit institutions
related to monetary policy operations
denominated in euro — fine-tuning reverse
operations

Domestic

By maturity
(2 bands)

By maturity
(2 bands)

By maturity
(2 bands)

By maturity
(2 bands)

.

2
7
1
2
2
0
0
7

.

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
2
1

LIABILITIES
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 1

Accounting balance sheet format

Item

Description

Breakdown

Residence

Sector

Sub-sector

Maturity

Item

2,5

Description

Further breakdown provided

Residence

Type

Currency

Sector

Sub-sector

Maturity

Liabilities to euro area credit institutions
related to monetary policy operations
denominated in euro — deposits related to
margin calls

Domestic

9e

Deposits (euro)

Other participat-
ing Member
States

MFIs

3

Other liabilities to euro area credit institu-
tions denominated in euro

Domestic

5,2

Liabilities to other euro area residents
denominated in euro — other liabilities

Domestic

10,1

Intra-Eurosystem liabilities — liabilities
equivalent to the transfer of foreign reserves
(only ECB’s balance sheet)

Domestic

10,2

Intra-Eurosystem liabilities — liabilities
related to promissory notes backing the
issuance of ECB debt certificates (only
NCBs’ balance sheet)

Domestic

10,4

Intra-Eurosystem liabilities — other liabili-
ties within the Eurosystem

Domestic

12

Other liabilities

Domestic

Deposits

Euro

2,1

2,2

2,3

2,4

Liabilities to euro area credit institutions
related to monetary policy operations
denominated in euro — currents accounts
(covering the minimum reserve system)

Other participat-
ing Member
States

Liabilities to euro area credit institutions
related to monetary policy operations
denominated in euro — deposit facility

Other participat-
ing Member
States

Liabilities to euro area credit institutions
related to monetary policy operations
denominated in euro — fixed-term depos-
its

Other participat-
ing Member
States

Liabilities to euro area credit institutions
related to monetary policy operations
denominated in euro — fine-tuning reverse
operations

Other participat-
ing Member
States

L

3
4
1
/
2
2

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

LIABILITIES
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 1

Accounting balance sheet format

Item

Description

Breakdown

Residence

Sector

Sub-sector

Maturity

Item

2,5

Description

Further breakdown provided

Residence

Type

Currency

Sector

Sub-sector

Maturity

Liabilities to euro area credit institutions
related to monetary policy operations
denominated in euro — deposits related to
margin calls

Other participat-
ing Member
States

3

Other liabilities to euro area credit institu-
tions denominated in euro

5,2

Liabilities to other euro area residents
denominated in euro — other liabilities

Other participat-
ing Member
States

Other participat-
ing Member
States

10,1

Intra-Eurosystem liabilities — liabilities
equivalent to the transfer of foreign reserves
(only ECB’s balance sheet)

Other participat-
ing Member
States

10,2

Intra-Eurosystem liabilities — liabilities
related to promissory notes backing the
issuance of ECB debt certificates (only
NCBs’ balance sheet)

Other participat-
ing Member
States

10,4

Intra-Eurosystem liabilities — other liabili-
ties within the Eurosystem

12

Other liabilities

Other participat-
ing Member
States

Other participat-
ing Member
States

Deposits

Euro

MFIs

9.1e Overnight

Domestic

Non-
MFIs

General
government

Other general
government

5,1

Liabilities to other euro area residents
denominated in euro — general govern-
ment

Domestic

Overnight

Other general
government

12

Other liabilities

Domestic

Overnight

Euro

Non-MFIs Other general

government

9.1e Overnight

Domestic

Non-
MFIs

Other residents

5,2

Liabilities to other euro area residents
denominated in euro — other liabilities

Domestic

Overnight

12

Other liabilities

Domestic

Overnight

Euro

Non-MFIs Other residents

.

2
7
1
2
2
0
0
7

.

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
2
3

LIABILITIES
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 1

Accounting balance sheet format

Item

Description

Breakdown

Residence

Sector

Sub-sector

Maturity

9.1e Overnight

Domestic

Non-
MFIs

Other residents Other financial
intermediaries

Item

5,2

Description

Further breakdown provided

Residence

Type

Currency

Sector

Sub-sector

Maturity

Liabilities to other euro area residents
denominated in euro — other liabilities

Domestic

Overnight

Other financial
intermediaries

12

Other liabilities

Domestic

Overnight

Euro

Other
residents

Other financial
intermediaries

9.1e Overnight

Domestic

Non-
MFIs

Other residents

Insurance cor-
porations and
pension funds

5,2

Liabilities to other euro area residents
denominated in euro — other liabilities

Domestic

Overnight

12

Other liabilities

Domestic

Overnight

Euro

Insurance cor-
porations and
pension funds

Other
residents

Insurance cor-
porations and
pension funds

9.1e Overnight

Domestic

Non-
MFIs

Other residents Non-financial
corporations

5,2

Liabilities to other euro area residents
denominated in euro — other liabilities

Domestic

Overnight

Non-financial
corporations

12

Other liabilities

Domestic

Overnight

Euro

Other
residents

Non-financial
corporations

9.1e Overnight

Domestic

Non-
MFIs

Other residents Households

5,2

Liabilities to other euro area residents
denominated in euro — other liabilities

Domestic

Overnight

Households

12

Other liabilities

Domestic

Overnight

Euro

Other
residents

Households

9.1e Overnight

Other participat-
ing Member
States

Non-
MFIs

General gov-
ernment

Other general
government

5,1

Liabilities to other euro area residents
denominated in euro — general govern-
ment

Other participat-
ing Member
States

Overnight

Other general
government

12

Other liabilities

Other participat-
ing Member
States

Overnight

Euro

Non-MFIs Other general

government

L

3
4
1
/
2
4

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

Bridging table. Item-by-item correspondence

LIABILITIES
Stocks

Item

Description

9.1e Overnight

Regulation ECB/2001/13 — Annex 1 — Table 1

Accounting balance sheet format

Breakdown

Further breakdown provided

Residence

Sector

Sub-sector

Maturity

Other participat-
ing Member
States

Non-
MFIs

Other residents

Item

5,2

Description

Residence

Type

Currency

Sector

Sub-sector

Maturity

Liabilities to other euro area residents
denominated in euro — other liabilities

Other participat-
ing Member
States

Overnight

12

Other liabilities

Other participat-
ing Member
States

Overnight

Euro

Non-MFIs Other residents

9.1e Overnight

Other participat-
ing Member
States

Non-
MFIs

Other residents Other financial
intermediaries

5,2

Liabilities to other euro area residents
denominated in euro — other liabilities

Other participat-
ing Member
States

Overnight

Other financial
intermediaries

12

Other liabilities

Other participat-
ing Member
States

Overnight

Euro

Other
residents

Other financial
intermediaries

9.1e Overnight

Other participat-
ing Member
States

Non-
MFIs

Other residents

Insurance cor-
porations and
pension funds

5,2

Liabilities to other euro area residents
denominated in euro — other liabilities

Other participat-
ing Member
States

Overnight

Insurance cor-
porations and
pension funds

12

Other liabilities

Other participat-
ing Member
States

Overnight

Euro

Other
residents

Insurance cor-
porations and
pension funds

9.1e Overnight

Other participat-
ing Member
States

Non-
MFIs

Other residents Non-financial
corporations

5,2

Liabilities to other euro area residents
denominated in euro — other liabilities

Other participat-
ing Member
States

Overnight

Non-financial
corporations

12

Other liabilities

Other participat-
ing Member
States

Overnight

Euro

Non-MFIs

Non-financial
corporations

9.1e Overnight

Other participat-
ing Member
States

Non-
MFIs

Other residents Households

5,2

Liabilities to other euro area residents
denominated in euro — other liabilities

Other participat-
ing Member
States

Overnight

Households

12

Other liabilities

Other participat-
ing Member
States

Overnight

Euro

Non-MFIs

Households

.

2
7
1
2
2
0
0
7

.

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
2
5

LIABILITIES
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 1

Accounting balance sheet format

Item

Description

Breakdown

Residence

Sector

Sub-sector

Maturity

9.2e With agreed

Domestic

maturity

Non-
MFIs

General
Government

Other general
government

By maturity
(3 bands)

Item

5,1

Description

Further breakdown provided

Residence

Type

Currency

Sector

Sub-sector

Maturity

Liabilities to other euro area residents
denominated in euro — general govern-
ment

Domestic

With agreed
maturity

Non-MFIs Other general

government

By maturity
(3 bands)

9.2e With agreed

Domestic

maturity

Non-
MFIs

Other residents

By maturity
(3 bands)

5,2

Liabilities to other euro area residents
denominated in euro — other liabilities

Domestic

With agreed
maturity

By maturity
(3 bands)

12

Other liabilities

Domestic

With agreed
maturity

Euro

Non-MFIs Other general

government

By maturity
(3 bands)

9.2e With agreed

Domestic

maturity

Non-
MFIs

Other residents Other financial
intermediaries

By maturity
(3 bands)

5,2

Liabilities to other euro area residents
denominated in euro — other liabilities

Domestic

With agreed
maturity

Other financial
intermediaries

By maturity
(3 bands)

12

Other liabilities

Domestic

With agreed
maturity

Euro

Non-
MFIs

Other residents By maturity

(3 bands)

9.2e With agreed

Domestic

maturity

Non-
MFIs

Other residents

Insurance cor-
porations and
pension funds

By maturity
(3 bands)

5,2

Liabilities to other euro area residents
denominated in euro — other liabilities

Domestic

With agreed
maturity

Insurance cor-
porations and
pension funds

By maturity
(3 bands)

12

Other liabilities

Domestic

With agreed
maturity

Euro

Non-MFIs Other financial
intermediaries

By maturity
(3 bands)

L

3
4
1
/
2
6

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

12

Other liabilities

Domestic

With agreed
maturity

Euro

Non-MFIs

Insurance cor-
porations and
pension funds

By maturity
(3 bands)

9.2e With agreed

Domestic

maturity

Non-
MFIs

Other residents Non-financial
corporations

By maturity
(3 bands)

5,2

Liabilities to other euro area residents
denominated in euro — other liabilities

Domestic

With agreed
maturity

Non-financial
corporations

By maturity
(3 bands)

12

Other liabilities

Domestic

With agreed
maturity

Euro

Non-MFIs

Non-financial
corporations

By maturity
(3 bands)

.

2
7
1
2
2
0
0
7

.

LIABILITIES
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 1

Accounting balance sheet format

Item

Description

Breakdown

Residence

Sector

Sub-sector

Maturity

9.2e With agreed

Domestic

maturity

Non-
MFIs

Other residents Households

By maturity
(3 bands)

Item

5,2

Description

Further breakdown provided

Residence

Type

Currency

Sector

Sub-sector

Maturity

Liabilities to other euro area residents
denominated in euro — other liabilities

Domestic

With agreed
maturity

Households

By maturity
(3 bands)

9.2e With agreed

maturity

Other participat-
ing Member
States

Non-
MFIs

General
Government

Other general
government

By maturity
(3 bands)

5,1

Liabilities to other euro area residents
denominated in euro — general govern-
ment

Other participat-
ing Member
States

With agreed
maturity

Other general
government

By maturity
(3 bands)

12

Other liabilities

Domestic

With agreed
maturity

Euro

Non-MFIs

Households

By maturity
(3 bands)

9.2e With agreed

maturity

Other participat-
ing Member
States

Non-
MFIs

Other residents

By maturity
(3 bands)

5,2

Liabilities to other euro area residents
denominated in euro — other liabilities

Other participat-
ing Member
States

With agreed
maturity

By maturity
(3 bands)

12

Other liabilities

Other participat-
ing Member
States

With agreed
maturity

Euro

Non-
MFIs

Other general
government

By maturity
(3 bands)

9.2e With agreed

maturity

Other participat-
ing Member
States

Non-
MFIs

Other residents Other financial
intermediaries

By maturity
(3 bands)

5,2

Liabilities to other euro area residents
denominated in euro — other liabilities

Other participat-
ing Member
States

With agreed
maturity

Other financial
intermediaries

By maturity
(3 bands)

12

Other liabilities

Other participat-
ing Member
States

With agreed
maturity

Euro

Other residents By maturity

(3 bands)

12

Other liabilities

Other participat-
ing Member
States

With agreed
maturity

Euro

Non-
MFIs

Other financial
intermediaries

By maturity
(3 bands)

9.2e With agreed

maturity

Other participat-
ing Member
States

Non-
MFIs

Other residents

Insurance cor-
porations and
pension funds

By maturity
(3 bands)

5,2

Liabilities to other euro area residents
denominated in euro — other liabilities

Other participat-
ing Member
States

With agreed
maturity

Insurance cor-
porations and
pension funds

By maturity
(3 bands)

12

Other liabilities

Other participat-
ing Member
States

With agreed
maturity

Euro

Non-MFIs

Insurance cor-
porations and
pension funds

By maturity
(3 bands)

.

2
7
1
2
2
0
0
7

.

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
2
7

LIABILITIES
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 1

Accounting balance sheet format

Item

Description

Breakdown

Residence

Sector

Sub-sector

Maturity

9.2e With agreed

maturity

Other participat-
ing Member
States

Non-
MFIs

Other residents Non-financial
corporations

By maturity
(3 bands)

Item

5,2

Description

Further breakdown provided

Residence

Type

Currency

Sector

Sub-sector

Maturity

Liabilities to other euro area residents
denominated in euro — other liabilities

Other participat-
ing Member
States

With agreed
maturity

Non-financial
corporations

By maturity
(3 bands)

9.2e With agreed

maturity

Other participat-
ing Member
States

Non-
MFIs

Other residents Households

By maturity
(3 bands)

5,2

Liabilities to other euro area residents
denominated in euro — other liabilities

Other participat-
ing Member
States

With agreed
maturity

Households

By maturity
(3 bands)

12

Other liabilities

Other participat-
ing Member
States

With agreed
maturity

Euro

Non-
MFIs

Non-financial
corporations

By maturity
(3 bands)

12

Other liabilities

Other participat-
ing Member
States

With agreed
maturity

Euro

Non-MFIs

Households

By maturity
(3 bands)

9.3e

Redeemable at
notice

Domestic

Non-
MFIs

General
Government

Other general
government

By maturity
(2 bands)

n/a

n/a

9.3e

Redeemable at
notice

Domestic

Non-
MFIs

Other residents

By maturity
(2 bands)

n/a

n/a

9.3e

Redeemable at
notice

Domestic

Non-
MFIs

Other residents Other financial
intermediaries

By maturity
(2 bands)

n/a

n/a

9.3e

Redeemable at
notice

Domestic

Non-
MFIs

Other residents

Insurance cor-
porations and
pension funds

By maturity
(2 bands)

n/a

n/a

9.3e

Redeemable at
notice

Domestic

Non-
MFIs

Other residents Non-financial
corporations

By maturity
(2 bands)

n/a

n/a

9.3e

Redeemable at
notice

Domestic

Non-
MFIs

Other residents Households

By maturity
(2 bands)

n/a

n/a

9.3e

Redeemable at
notice

Other participat-
ing Member
States

Non-
MFIs

General Gov-
ernment

Other general
government

By maturity
(2 bands)

n/a

n/a

9.3e

Redeemable at
notice

Other participat-
ing Member
States

Non-
MFIs

Other residents

By maturity
(2 bands)

n/a

n/a

L

3
4
1
/
2
8

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

LIABILITIES
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 1

Accounting balance sheet format

Item

Description

Item

Description

Breakdown

Further breakdown provided

Residence

Sector

Sub-sector

Maturity

Residence

Type

Currency

Sector

Sub-sector

Maturity

9.3e

Redeemable at
notice

Other participat-
ing Member
States

Non-
MFIs

Other residents Other financial
intermediaries

By maturity
(2 bands)

n/a

n/a

9.3e

Redeemable at
notice

Other participat-
ing Member
States

Non-
MFIs

Other residents

Insurance cor-
porations and
pension funds

By maturity
(2 bands)

n/a

n/a

9.3e

Redeemable at
notice

Other participat-
ing Member
States

Non-
MFIs

Other residents Non-financial
corporations

By maturity
(2 bands)

n/a

n/a

9.3e

Redeemable at
notice

Other participat-
ing Member
States

Non-
MFIs

Other residents Households

By maturity
(2 bands)

n/a

n/a

9.4e

Repos

Domestic

Non-
MFIs

General
Government

Other general
government

5,1

Liabilities to other euro area residents
denominated in euro — general govern-
ment

Domestic

Repos

Other general
government

12

Other liabilities

Domestic

Repos

Euro

Non-MFIs Other general

government

9.4e

Repos

Domestic

Non-
MFIs

Other residents

5,2

Liabilities to other euro area residents
denominated in euro — other liabilities

Domestic

Repos

9.4e

Repos

Domestic

Non-
MFIs

Other residents Other financial
intermediaries

5,2

Liabilities to other euro area residents
denominated in euro — other liabilities

Domestic

Repos

Other financial
intermediaries

12

Other liabilities

Domestic

Repos

Euro

Non-MFIs Other residents

12

Other liabilities

Domestic

Repos

Non-MFIs Other financial
intermediaries

.

2
7
1
2
2
0
0
7

.

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
2
9

LIABILITIES
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 1

Accounting balance sheet format

Item

Description

Breakdown

Residence

Sector

Sub-sector

Maturity

9.4e

Repos

Domestic

Non-
MFIs

Other residents

Insurance cor-
porations and
pension funds

Item

5,2

Description

Further breakdown provided

Residence

Type

Currency

Sector

Sub-sector

Maturity

Liabilities to other euro area residents
denominated in euro — other liabilities

Domestic

Repos

Insurance cor-
porations and
pension funds

Insurance cor-
porations and
pension funds

Non-financial
corporations

Non-financial
corporations

Households

12

Other liabilities

Domestic

Repos

Non-MFIs

9.4e

Repos

Domestic

Non-
MFIs

Other residents Non-financial
corporations

5,2

Liabilities to other euro area residents
denominated in euro — other liabilities

Domestic

Repos

12

Other liabilities

Domestic

Repos

Euro

Non-MFIs

9.4e

Repos

Domestic

Non-
MFIs

Other residents Households

5,2

Liabilities to other euro area residents
denominated in euro — other liabilities

Domestic

Repos

9.4e

Repos

Other participat-
ing Member
States

Non-
MFIs

General Gov-
ernment

Other general
government

5,1

Liabilities to other euro area residents
denominated in euro — general govern-
ment

Other participat-
ing Member
States

Repos

Other general
government

12

Other liabilities

Domestic

Repos

Euro

Non-MFIs

Households

12

Other liabilities

Other participat-
ing Member
States

Repos

Euro

Non-MFIs Other general

government

9.4e

Repos

Other participat-
ing Member
States

Non-
MFIs

Other residents

5,2

Liabilities to other euro area residents
denominated in euro — other liabilities

Other participat-
ing Member
States

Repos

12

Other liabilities

Other participat-
ing Member
States

Repos

Euro

Non-MFIs Other residents

L

3
4
1
/
3
0

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

Bridging table. Item-by-item correspondence

LIABILITIES
Stocks

Item

Description

9.4e

Repos

Regulation ECB/2001/13 — Annex 1 — Table 1

Accounting balance sheet format

Breakdown

Further breakdown provided

Residence

Sector

Sub-sector

Maturity

Other participat-
ing Member
States

Non-
MFIs

Other residents Other financial
intermediaries

Item

5,2

Description

Residence

Type

Currency

Sector

Sub-sector

Maturity

Liabilities to other euro area residents
denominated in euro — other liabilities

Other participat-
ing Member
States

Repos

Other financial
intermediaries

12

Other liabilities

Other participat-
ing Member
States

Repos

Euro

Non-
MFIs

Other financial
intermediaries

9.4e

Repos

Other participat-
ing Member
States

Non-
MFIs

Other residents

Insurance cor-
porations and
pension funds

5,2

Liabilities to other euro area residents
denominated in euro — other liabilities

Other participat-
ing Member
States

Repos

9.4e

Repos

Other participat-
ing Member
States

Non-
MFIs

Other residents Non-financial
corporations

5,2

Liabilities to other euro area residents
denominated in euro — other liabilities

Other participat-
ing Member
States

Repos

12

Other liabilities

Other participat-
ing Member
States

Repos

Euro

Non-MFIs

Insurance cor-
porations and
pension funds

Insurance cor-
porations and
pension funds

Non-financial
corporations

12

Other liabilities

Other participat-
ing Member
States

Repos

Euro

Non-MFIs

Non-financial
corporations

9.4e

Repos

Other participat-
ing Member
States

Non-
MFIs

Other residents Households

5,2

Liabilities to other euro area residents
denominated in euro — other liabilities

Other participat-
ing Member
States

Repos

Households

12

Other liabilities

Other participat-
ing Member
States

Repos

Euro

Non-MFIs

Households

9.1x Overnight

Domestic

Non-
MFIs

General
Government

Other general
government

7

Liabilities to euro area residents denomi-
nated in foreign currency

Domestic

Overnight

Other general
government

12

Other liabilities

Domestic

Overnight

Foreign
currency

Non-MFIs Other general

government

.

2
7
1
2
2
0
0
7

.

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
3
1

LIABILITIES
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 1

Accounting balance sheet format

Item

Description

Item

Description

Breakdown

Further breakdown provided

Residence

Sector

Sub-sector

Maturity

Residence

Type

Currency

Sector

Sub-sector

Maturity

9.1x Overnight

Domestic

Non-
MFIs

Other residents

7

Liabilities to euro area residents denomi-
nated in foreign currency

Domestic

Overnight

Other residents

9.1x Overnight

Domestic

Non-
MFIs

Other residents Other financial
intermediaries

7

Liabilities to euro area residents denomi-
nated in foreign currency

Domestic

Overnight

Other financial
intermediaries

12

Other liabilities

Domestic

Overnight

Euro

Non-MFIs Other residents

12

Other liabilities

Domestic

Overnight

Euro

Non-MFIs Other financial
intermediaries

9.1x Overnight

Domestic

Non-
MFIs

Other residents

Insurance cor-
porations and
pension funds

7

Liabilities to euro area residents denomi-
nated in foreign currency

Domestic

Overnight

12

Other liabilities

Domestic

Overnight

Euro

Non-MFIs

9.1x Overnight

Domestic

Non-
MFIs

Other residents Non-financial
corporations

7

Liabilities to euro area residents denomi-
nated in foreign currency

Domestic

Overnight

Insurance cor-
porations and
pension funds

Insurance cor-
porations and
pension funds

Non-financial
corporations

12

Other liabilities

Domestic

Overnight

Foreign
currency

Non-MFIs

Non-financial
corporations

9.1x Overnight

Domestic

Non-
MFIs

Other residents Households

7

Liabilities to euro area residents denomi-
nated in foreign currency

Domestic

Overnight

Households

12

Other liabilities

Domestic

Overnight

Foreign
currency

Non-MFIs

Households

9.1x Overnight

Other participat-
ing Member
States

Non-
MFIs

General
Government

Other general
government

7

Liabilities to euro area residents denomi-
nated in foreign currency

Other participat-
ing Member
States

Overnight

Other general
government

12

Other liabilities

Other participat-
ing Member
States

Overnight

Foreign
currency

Non-MFIs Other general

government

L

3
4
1
/
3
2

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

Bridging table. Item-by-item correspondence

LIABILITIES
Stocks

Item

Description

9.1x Overnight

Regulation ECB/2001/13 — Annex 1 — Table 1

Accounting balance sheet format

Residence

Sector

Sub-sector

Maturity

Residence

Type

Currency

Sector

Sub-sector

Maturity

Breakdown

Further breakdown provided

Item

Description

Other participat-
ing Member
States

Non-
MFIs

Other residents

7

Liabilities to euro area residents denomi-
nated in foreign currency

Other participat-
ing Member
States

Overnight

Other residents

12

Other liabilities

Other participat-
ing Member
States

Overnight

Foreign
currency

Non-MFIs Other residents

9.1x Overnight

Other participat-
ing Member
States

Non-
MFIs

Other residents Other financial
intermediaries

7

Liabilities to euro area residents denomi-
nated in foreign currency

Other participat-
ing Member
States

Overnight

Other financial
intermediaries

12

Other liabilities

Other participat-
ing Member
States

Overnight

Foreign
currency

Non-MFIs Other financial
intermediaries

9.1x Overnight

Other participat-
ing Member
States

Non-
MFIs

Other residents

Insurance cor-
porations and
pension funds

7

Liabilities to euro area residents denomi-
nated in foreign currency

Other participat-
ing Member
States

Overnight

12

Other liabilities

Other participat-
ing Member
States

Overnight

Foreign
currency

Non-MFIs

9.1x Overnight

Other participat-
ing Member
States

Non-
MFIs

Other residents Non-financial
corporations

7

Liabilities to euro area residents denomi-
nated in foreign currency

Other participat-
ing Member
States

Overnight

Insurance cor-
porations and
pension funds

Insurance cor-
porations and
pension funds

Non-financial
corporations

12

Other liabilities

Other participat-
ing Member
States

Overnight

Foreign
currency

Non-MFIs

Non-financial
corporations

9.1x Overnight

Other participat-
ing Member
States

Non-
MFIs

Other residents Households

7

Liabilities to euro area residents denomi-
nated in foreign currency

Other participat-
ing Member
States

Overnight

Households

12

Other liabilities

Other participat-
ing Member
States

Overnight

Foreign
currency

Non-MFIs

Households

9.2x With agreed

Domestic

maturity

Non-
MFIs

General
Government

Other general
government

By maturity
(3 bands)

7

Liabilities to euro area residents denomi-
nated in foreign currency

Domestic

With agreed
maturity

Other general
government

By maturity
(3 bands)

12

Other liabilities

Domestic

With agreed
maturity

Foreign
currency

Non-MFIs Other general

government

By maturity
(3 bands)

.

2
7
1
2
2
0
0
7

.

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
3
3

LIABILITIES
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 1

Accounting balance sheet format

Item

Description

Item

Description

Breakdown

Further breakdown provided

Residence

Sector

Sub-sector

Maturity

Residence

Type

Currency

Sector

Sub-sector

Maturity

9.2x With agreed

Domestic

maturity

Non-
MFIs

Other residents

By maturity
(3 bands)

7

Liabilities to euro area residents denomi-
nated in foreign currency

Domestic

With agreed
maturity

Other residents By maturity

(3 bands)

12

Other liabilities

Domestic

With agreed
maturity

Foreign
currency

Non-MFIs Other residents By maturity

(3 bands)

9.2x With agreed

Domestic

maturity

Non-
MFIs

Other residents Other financial
intermediaries

By maturity
(3 bands)

7

Liabilities to euro area residents denomi-
nated in foreign currency

Domestic

With agreed
maturity

Other financial
intermediaries

By maturity
(3 bands)

12

Other liabilities

Domestic

With agreed
maturity

Foreign
currency

Non-MFIs Other financial
intermediaries

By maturity
(3 bands)

9.2x With agreed

Domestic

maturity

Non-
MFIs

Other residents

Insurance cor-
porations and
pension funds

By maturity
(3 bands)

7

Liabilities to euro area residents denomi-
nated in foreign currency

Domestic

With agreed
maturity

Insurance cor-
porations and
pension funds

By maturity
(3 bands)

12

Other liabilities

Domestic

With agreed
maturity

Foreign
currency

Non-MFIs

Insurance cor-
porations and
pension funds

By maturity
(3 bands)

9.2x With agreed

Domestic

maturity

Non-
MFIs

Other residents Non-financial
corporations

By maturity
(3 bands)

7

Liabilities to euro area residents denomi-
nated in foreign currency

Domestic

With agreed
maturity

Non-financial
corporations

By maturity
(3 bands)

12

Other liabilities

Domestic

With agreed
maturity

Foreign
currency

Non-MFIs

Non-financial
corporations

By maturity
(3 bands)

9.2x With agreed

Domestic

maturity

Non-
MFIs

Other residents Households

By maturity
(3 bands)

7

Liabilities to euro area residents denomi-
nated in foreign currency

Domestic

With agreed
maturity

Households

By maturity
(3 bands)

12

Other liabilities

Domestic

With agreed
maturity

Foreign
currency

Non-MFIs

Households

By maturity
(3 bands)

L

3
4
1
/
3
4

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

LIABILITIES
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 1

Accounting balance sheet format

Item

Description

Item

Description

Breakdown

Further breakdown provided

Residence

Sector

Sub-sector

Maturity

Residence

Type

Currency

Sector

Sub-sector

Maturity

9.2x With agreed

maturity

Other participat-
ing Member
States

Non-
MFIs

General
Government

Other general
government

By maturity
(3 bands)

7

Liabilities to euro area residents denomi-
nated in foreign currency

Other participat-
ing Member
States

With agreed
maturity

Other general
government

By maturity
(3 bands)

12

Other liabilities

Other participat-
ing Member
States

With agreed
maturity

Foreign
currency

Non-MFIs Other general

government

By maturity
(3 bands)

9.2x With agreed

maturity

Other participat-
ing Member
States

Non-
MFIs

Other residents

By maturity
(3 bands)

7

Liabilities to euro area residents denomi-
nated in foreign currency

Other participat-
ing Member
States

With agreed
maturity

Other residents By maturity

(3 bands)

12

Other liabilities

Other participat-
ing Member
States

With agreed
maturity

Foreign
currency

Non-MFIs Other residents By maturity

(3 bands)

9.2x With agreed

maturity

Other participat-
ing Member
States

Non-
MFIs

Other residents Other financial
intermediaries

By maturity
(3 bands)

7

Liabilities to euro area residents denomi-
nated in foreign currency

Other participat-
ing Member
States

With agreed
maturity

Other financial
intermediaries

By maturity
(3 bands)

12

Other liabilities

Other participat-
ing Member
States

With agreed
maturity

Foreign
currency

Non-MFIs Other financial
intermediaries

By maturity
(3 bands)

9.2x With agreed

maturity

Other participat-
ing Member
States

Non-
MFIs

Other residents

Insurance cor-
porations and
pension funds

By maturity
(3 bands)

7

Liabilities to euro area residents denomi-
nated in foreign currency

Other participat-
ing Member
States

With agreed
maturity

Insurance cor-
porations and
pension funds

By maturity
(3 bands)

12

Other liabilities

Other participat-
ing Member
States

With agreed
maturity

Foreign
currency

Non-MFIs

Insurance cor-
porations and
pension funds

By maturity
(3 bands)

9.2x With agreed

maturity

Other participat-
ing Member
States

Non-
MFIs

Other residents Non-financial
corporations

By maturity
(3 bands)

7

Liabilities to euro area residents denomi-
nated in foreign currency

Other participat-
ing Member
States

With agreed
maturity

Non-financial
corporations

By maturity
(3 bands)

12

Other liabilities

Other participat-
ing Member
States

With agreed
maturity

Foreign
currency

Non-MFIs

Non-financial
corporations

By maturity
(3 bands)

.

2
7
1
2
2
0
0
7

.

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
3
5

LIABILITIES
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 1

Accounting balance sheet format

Item

Description

Item

Description

Breakdown

Further breakdown provided

Residence

Sector

Sub-sector

Maturity

Residence

Type

Currency

Sector

Sub-sector

Maturity

9.2x With agreed

maturity

Other participat-
ing Member
States

Non-
MFIs

Other residents Households

By maturity
(3 bands)

7

Liabilities to euro area residents denomi-
nated in foreign currency

Other participat-
ing Member
States

With agreed
maturity

Households

By maturity
(3 bands)

12

Other liabilities

Other participat-
ing Member
States

With agreed
maturity

Foreign
currency

Non-MFIs

Households

By maturity
(3 bands)

9.3x Redeemable at
notice

Domestic

Non-
MFIs

General
Government

Other general
government

By maturity
(2 bands)

n/a

n/a

9.3x Redeemable at
notice

Domestic

Non-
MFIs

Other residents

By maturity
(2 bands)

n/a

n/a

9.3x Redeemable at
notice

Domestic

Non-
MFIs

Other residents Other financial
intermediaries

By maturity
(2 bands)

n/a

n/a

9.3x Redeemable at
notice

Domestic

Non-
MFIs

Other residents

Insurance cor-
porations and
pension funds

By maturity
(2 bands)

n/a

n/a

9.3x Redeemable at
notice

Domestic

Non-
MFIs

Other residents Non-financial
corporations

By maturity
(2 bands)

n/a

n/a

9.3x Redeemable at
notice

Domestic

Non-
MFIs

Other residents Households

By maturity
(2 bands)

n/a

n/a

9.3x Redeemable at
notice

Other participat-
ing Member
States

Non-
MFIs

General
Government

Other general
government

By maturity
(2 bands)

n/a

n/a

9.3x Redeemable at
notice

Other participat-
ing Member
States

Non-
MFIs

Other residents

By maturity
(2 bands)

n/a

n/a

9.3x Redeemable at
notice

Other participat-
ing Member
States

Non-
MFIs

Other residents Other financial
intermediaries

By maturity
(2 bands)

n/a

n/a

L

3
4
1
/
3
6

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

LIABILITIES
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 1

Accounting balance sheet format

Item

Description

Item

Description

Breakdown

Further breakdown provided

Residence

Sector

Sub-sector

Maturity

Residence

Type

Currency

Sector

Sub-sector

Maturity

9.3x Redeemable at
notice

Other participat-
ing Member
States

Non-
MFIs

Other residents

Insurance cor-
porations and
pension funds

By maturity
(2 bands)

n/a

n/a

9.3x Redeemable at
notice

Other participat-
ing Member
States

Non-
MFIs

Other residents Non-financial
corporations

By maturity
(2 bands)

n/a

n/a

9.3x Redeemable at
notice

Other participat-
ing Member
States

Non-
MFIs

Other residents Households

By maturity
(2 bands)

n/a

n/a

9.4x Repos

Domestic

Non-
MFIs

General
Government

Other general
government

7

Liabilities to euro area residents denomi-
nated in foreign currency

Domestic

Repos

Other general
government

12

Other liabilities

Domestic

Repos

Foreign
currency

Non-MFIs Other general

government

9.4x Repos

Domestic

Non-
MFIs

Other residents

7

Liabilities to euro area residents denomi-
nated in foreign currency

Domestic

Repos

Other residents

12

Other liabilities

Domestic

Repos

Foreign
currency

Non-MFIs Other residents

9.4x Repos

Domestic

Non-
MFIs

Other residents Other financial
intermediaries

7

Liabilities to euro area residents denomi-
nated in foreign currency

Domestic

Repos

Other financial
intermediaries

12

Other liabilities

Domestic

Repos

Non-MFIs Other financial
intermediaries

9.4x Repos

Domestic

Non-
MFIs

Other residents

Insurance cor-
porations and
pension funds

7

Liabilities to euro area residents denomi-
nated in foreign currency

Domestic

Repos

12

Other liabilities

Domestic

Repos

Non-MFIs

Insurance cor-
porations and
pension funds

Insurance cor-
porations and
pension funds
and pension
funds

.

2
7
1
2
2
0
0
7

.

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
3
7

LIABILITIES
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 1

Accounting balance sheet format

Item

Description

Item

Description

Breakdown

Further breakdown provided

Residence

Sector

Sub-sector

Maturity

Residence

Type

Currency

Sector

Sub-sector

Maturity

9.4x Repos

Domestic

Non-
MFIs

Other residents Non-financial
corporations

7

Liabilities to euro area residents denomi-
nated in foreign currency

Domestic

Repos

Non-financial
corporations

12

Other liabilities

Domestic

Repos

Foreign
currency

Non-MFIs

Non-financial
corporations

9.4x Repos

Domestic

Non-
MFIs

Other residents Households

7

Liabilities to euro area residents denomi-
nated in foreign currency

Domestic

Repos

Households

12

Other liabilities

Domestic

Repos

Foreign
currency

Non-MFIs

Households

9.4x Repos

Other participat-
ing Member
States

Non-
MFIs

General
Government

Other general
government

7

Liabilities to euro area residents denomi-
nated in foreign currency

Other participat-
ing Member
States

Repos

Other general
government

12

Other liabilities

Other participat-
ing Member
States

Repos

Foreign
currency

Non-MFIs Other general

government

9.4x Repos

Other participat-
ing Member
States

Non-
MFIs

Other residents

7

Liabilities to euro area residents denomi-
nated in foreign currency

Other participat-
ing Member
States

Repos

Other residents

12

Other liabilities

9.4x Repos

Other participat-
ing Member
States

Non-
MFIs

Other residents Other financial
intermediaries

7

Liabilities to euro area residents denomi-
nated in foreign currency

12

Other liabilities

Other participat-
ing Member
States

Repos

Other participat-
ing Member
States

Repos

Other participat-
ing Member
States

Repos

Non-MFIs Other residents

Other residents

Non-MFIs Other residents

L

3
4
1
/
3
8

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

Bridging table. Item-by-item correspondence

LIABILITIES
Stocks

Item

Description

9.4x Repos

Regulation ECB/2001/13 — Annex 1 — Table 1

Accounting balance sheet format

Residence

Sector

Sub-sector

Maturity

Residence

Type

Currency

Sector

Sub-sector

Maturity

Breakdown

Further breakdown provided

Item

Description

Other participat-
ing Member
States

Non-
MFIs

Other residents

Insurance cor-
porations and
pension funds

7

Liabilities to euro area residents denomi-
nated in foreign currency

Other participat-
ing Member
States

Repos

Other residents

12

Other liabilities

Other participat-
ing Member
States

Repos

Foreign
currency

Non-MFIs Other residents

9.4x Repos

Other participat-
ing Member
States

Non-
MFIs

Other residents Non-financial
corporations

7

Liabilities to euro area residents denomi-
nated in foreign currency

Other participat-
ing Member
States

Repos

Other residents

12

Other liabilities

Other participat-
ing Member
States

Repos

Foreign
currency

Non-MFIs Other residents

9.4x Repos

Other participat-
ing Member
States

Non-
MFIs

Other residents Households

7

Liabilities to euro area residents denomi-
nated in foreign currency

Other participat-
ing Member
States

Repos

Other residents

10 Money market

fund shares/units

11e Debt securities
issued

11e Debt securities
issued

11e Debt securities
issued©

11x Debt securities
issued

11x Debt securities
issued

11x Debt securities
issued

12

Other liabilities

n/a

n/a

Other participat-
ing Member
States

Repos

Foreign
currency

Non-MFIs Other residents

Up to 1 year

4

Debt certificates issued

Up to 1 year

Over 1 & up
to 2 years

n/a

n/a

Over 2 years

n/a

n/a

Up to 1 year

n/a

n/a

Over 1 & up
to 2 years

n/a

n/a

Over 2 years

n/a

n/a

.

2
7
1
2
2
0
0
7

.

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
3
9

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 1

Accounting balance sheet format

Residence

Sector

Sub-sector

Maturity

Residence

Type

Currency

Sector

Sub-sector

Maturity

Breakdown

Further breakdown provided

Item

Description

LIABILITIES
Stocks

Item

Description

12

Capital and
reserves

13

Remaining
liabilities

CB3

Counterpart of
SDRs

Domestic intra-Eurosystem positions apply only to ECB or Deutsche Bundesbank.

(11)

(Other assets)

12

Other liabilities

13

Provisions

14

15

10,3

Revaluation accounts

Capital and reserves

Intra-Eurosystem liabilities — net liabilities
related to allocation of euro banknotes
within the Eurosystem

11

Items in course of settlement

12

Other liabilities

13

Provisions

9

Counterpart of SDR allocated by the IMF

Capital and
reserves

Capital and
reserves

Remaining
liabilities

Remaining
liabilities

Remaining
liabilities

Remaining
liabilities

L

3
4
1
/
4
0

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

BRIDGING TABLE

(Monthly data)

Bridging table. Item-by-item correspondence

ASSETS
Stocks

Item

Description

1

Cash (all
currencies)

Regulation ECB/2001/13 — Annex 1 — Table 1

Accounting balance sheet format

Breakdown

Further breakdown provided

Residence

Sector

Sub-sector

Purpose

Maturity

Item

2,2

Description

Residence

Type

Sector

Sub-sector

Purpose

Maturity/
currency

Claims on non-euro area residents denomi-
nated in foreign currency — balances with
banks and security investments, external
loans and other external assets

Cash

1e

Cash, of which
euro

2

Loans

Domestic

MFIs

11 Other assets

11 Other assets

3

Claims on euro area residents denominated
in foreign currency

Domestic

Loans

5,1

5,2

5,3

5,4

5,5

Lending to euro area credit institutions
related to monetary policy operations
denominated in euro — main refinancing
operations

Domestic

Lending to euro area credit institutions
related to monetary policy operations
denominated in euro — longer-term refi-
nancing operations

Domestic

Lending to euro area credit institutions
related to monetary policy operations
denominated in euro — fine-tuning reverse
operations

Domestic

Lending to euro area credit institutions
related to monetary policy operations
denominated in euro — structural reverse
operations

Domestic

Lending to euro area credit institutions
related to monetary policy operations
denominated in euro — marginal lending
facility

Domestic

.

2
7
1
2
2
0
0
7

.

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
4
1

ASSETS
Stocks

Bridging table. Item-by-item correspondence

L

3
4
1
/
4
2

Regulation ECB/2001/13 — Annex 1 — Table 1

Accounting balance sheet format

Breakdown

Further breakdown provided

Item

Description

Residence

Sector

Sub-sector

Purpose

Maturity

Item

5,6

Description

Residence

Type

Sector

Sub-sector

Purpose

Maturity/
currency

E
N

Lending to euro area credit institutions
related to monetary policy operations
denominated in euro — credits related to
margin calls

Domestic

6

Other claims on euro area credit institutions
denominated in euro

Domestic

Loans

9,2

9,3

Intra-Eurosystem claims — claims equiva-
lent to the transfer of foreign reserves (only
NCBs’ balance sheet)

Domestic

Intra-Eurosystem claims — claims related to
promissory notes backing the issuance of
ECB debt certificates (only ECB’s balance
sheet)

Domestic

9,5

Intra-Eurosystem claims — other claims
within the Eurosystem

Domestic

11 Other assets

Domestic

Loans

MFIs

3

8

Claims on euro area residents denominated
in foreign currency

Domestic

Loans

General government debt denominated in
euro

Domestic

Loans

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

2

Loans

Domestic

Non-
MFIs

General
government

2

Loans

Domestic

Non-
MFIs

Other
residents

3

Claims on euro area residents denominated
in foreign currency

Domestic

Loans

11 Other assets

Domestic

Loans

Non-
MFIs

Other
residents

11 Other assets

Domestic

Loans

Non-
MFIs

General
government

2

Loans

Domestic

Non-
MFIs

Other
residents

Other financial
intermediaries

By maturity
(3 bands)

3

Claims on euro area residents denominated
in foreign currency

Domestic

Loans

Other financial
intermediaries

11 Other assets

Domestic

Loans

Non-
MFIs

Other
residents

Other financial
intermediaries

By maturity (3
bands)

By maturity (3
bands)

.

2
7
1
2
2
0
0
7

.

ASSETS
Stocks

Bridging table. Item-by-item correspondence

.

2
7
1
2
2
0
0
7

.

Regulation ECB/2001/13 — Annex 1 — Table 1

Accounting balance sheet format

Breakdown

Further breakdown provided

Item

Description

Item

Description

Residence

Sector

Sub-sector

Purpose

Maturity

Residence

Type

Sector

Sub-sector

Purpose

Maturity/
currency

E
N

2

Loans

Domestic

Non-
MFIs

Other
residents

Insurance corpo-
rations and pen-
sion funds

By maturity
(3 bands)

3

Claims on euro area residents denominated
in foreign currency

Domestic

Loans

Insurance corpo-
rations and pen-
sion funds

11 Other assets

Domestic

Loans

Non-
MFIs

Other
residents

Insurance corpo-
rations and pen-
sion funds

2

Loans

Domestic

Non-
MFIs

Other
residents

Non-financial
corporations

By maturity
(3 bands)

3

Claims on euro area residents denominated
in foreign currency

Domestic

Loans

Non-financial
corporations

11 Other assets

Domestic

Loans

Non-
MFIs

Other
residents

Non-financial
corporations

By maturity
(3 bands)

By maturity
(3 bands)

By maturity
(3 bands)

By maturity
(3 bands)

2

Loans

Domestic

Non-
MFIs

Other
residents

Households

Consumer
credit

By maturity
(3 bands)

3

Claims on euro area residents denominated
in foreign currency

Domestic

Loans

Households

Consumer
credit

By maturity
(3 bands)

2

Loans

Domestic

Non-
MFIs

Other
residents

Households

Lending for
house purchase

By maturity
(3 bands)

3

Claims on euro area residents denominated
in foreign currency

Domestic

Loans

Households

Lending for
house pur-
chase

By maturity
(3 bands)

11 Other assets

Domestic

Loans

Non-
MFIs

Other
residents

Households

Consumer
credit

By maturity
(3 bands)

11 Other assets

Domestic

Loans

Non-
MFIs

Other
residents

Households

Lending for
house pur-
chase

By maturity
(3 bands)

2

Loans

Domestic

Non-
MFIs

Other
residents

Households

Other (residual) By maturity

3

(3 bands)

Claims on euro area residents denominated
in foreign currency

Domestic

Loans

Households

Other
(residual)

By maturity
(3 bands)

11 Other assets

Domestic

Loans

Non-
MFIs

Other
residents

Households

Other
(residual)

By maturity
(3 bands)

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
4
3

ASSETS
Stocks

Bridging table. Item-by-item correspondence

L

3
4
1
/
4
4

Regulation ECB/2001/13 — Annex 1 — Table 1

Accounting balance sheet format

Breakdown

Further breakdown provided

Item

Description

Item

Description

Residence

Sector

Sub-sector

Purpose

Maturity

Residence

Type

Sector

Sub-sector

Purpose

Maturity/
currency

E
N

2

Loans

MFIs

Other partici-
pating Member
States

3

Claims on euro area residents denominated
in foreign currency

Loans

Other partici-
pating Mem-
ber States

5,1

5,2

5,3

5,4

5,5

5,6

Lending to euro area credit institutions
related to monetary policy operations
denominated in euro — main refinancing
operations

Other partici-
pating Mem-
ber States

Lending to euro area credit institutions
related to monetary policy operations
denominated in euro — longer-term refi-
nancing operations

Other partici-
pating Mem-
ber States

Lending to euro area credit institutions
related to monetary policy operations
denominated in euro — fine-tuning reverse
operations

Other partici-
pating Mem-
ber States

Lending to euro area credit institutions
related to monetary policy operations
denominated in euro — structural reverse
operations

Other partici-
pating Mem-
ber States

Lending to euro area credit institutions
related to monetary policy operations
denominated in euro — marginal lending
facility

Other partici-
pating Mem-
ber States

Lending to euro area credit institutions
related to monetary policy operations
denominated in euro — credits related to
margin calls

Other partici-
pating Mem-
ber States

6

Other claims on euro area credit institutions
denominated in euro

Loans

Other partici-
pating Mem-
ber States

9,2

9,3

Intra-Eurosystem claims — claims equiva-
lent to the transfer of foreign reserves (only
NCBs’ balance sheet)

Other partici-
pating Mem-
ber States

Intra-Eurosystem claims — claim related to
promissory notes backing the issuance of
ECB debt certificates (only ECB’s balance
sheet)

Other partici-
pating Mem-
ber States

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

ASSETS
Stocks

Bridging table. Item-by-item correspondence

.

2
7
1
2
2
0
0
7

.

Regulation ECB/2001/13 — Annex 1 — Table 1

Accounting balance sheet format

Breakdown

Further breakdown provided

Item

Description

Item

Description

Residence

Sector

Sub-sector

Purpose

Maturity

Residence

Type

Sector

Sub-sector

Purpose

Maturity/
currency

E
N

2

Loans

Other partici-
pating Member
States

Non-
MFIs

General
government

9,5

Intra-Eurosystem claims — other claims
within the Eurosystem

11 Other assets

Other partici-
pating Mem-
ber States

Other partici-
pating Mem-
ber States

Loans

MFIs

3

8

Claims on euro area residents denominated
in foreign currency

General government debt denominated in
euro

Loans

Other partici-
pating Mem-
ber States

Loans

Other partici-
pating Mem-
ber States

11 Other assets

Other partici-
pating Mem-
ber States

Loans

Non-
MFIs

General
government

2

Loans

Other partici-
pating Member
States

Non-
MFIs

Other
residents

3

Claims on euro area residents denominated
in foreign currency

Loans

Other partici-
pating Mem-
ber States

11 Other assets

Other partici-
pating Mem-
ber States

Loans

Non-
MFIs

Other
residents

2

Loans

Other partici-
pating Member
States

Non-
MFIs

Other
residents

Other financial
intermediaries

By maturity
(3 bands)

3

Claims on euro area residents denominated
in foreign currency

Loans

Other partici-
pating Mem-
ber States

Other financial
intermediaries

11 Other assets

Other partici-
pating Mem-
ber States

Loans

Non-
MFIs

Other
residents

Other financial
intermediaries

2

Loans

Other partici-
pating Member
States

Non-
MFIs

Other
residents

Insurance corpo-
rations and pen-
sion funds

By maturity
(3 bands)

3

Claims on euro area residents denominated
in foreign currency

Loans

Other partici-
pating Mem-
ber States

11 Other assets

Other partici-
pating Mem-
ber States

Loans

Non-
MFIs

Other
residents

Insurance corpo-
rations and pen-
sion funds

Insurance corpo-
rations and pen-
sion funds

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
4
5

By maturity
(3 bands)

By maturity
(3 bands)

By maturity
(3 bands)

By maturity
(3 bands)

ASSETS
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 1

Accounting balance sheet format

Item

Description

Item

Description

Residence

Sector

Sub-sector

Purpose

Maturity

Residence

Type

Sector

Sub-sector

Purpose

Breakdown

Further breakdown provided

2

Loans

Other partici-
pating Member
States

Non-
MFIs

Other
residents

Non-financial
corporations

By maturity
(3 bands)

3

Claims on euro area residents denominated
in foreign currency

Loans

Other partici-
pating Mem-
ber States

Non-financial
corporations

11 Other assets

Other partici-
pating Mem-
ber States

Loans

Non-
MFIs

Other
residents

Non-financial
corporations

L

3
4
1
/
4
6

Maturity/
currency

E
N

By maturity
(3 bands)

By maturity
(3 bands)

2

Loans

Other partici-
pating Member
States

Non-
MFIs

Other
residents

Households

Consumer
credit

By maturity
(3 bands)

3

Claims on euro area residents denominated
in foreign currency

Loans

Other partici-
pating Mem-
ber States

Households

Consumer
credit

By maturity
(3 bands)

11 Other assets

Other partici-
pating Mem-
ber States

Loans

Non-
MFIs

Other
residents

Households

Consumer
credit

By maturity
(3 bands)

2

Loans

Other partici-
pating Member
States

Non-
MFIs

Other
residents

Households

Lending for
house purchase

By maturity
(3 bands)

3

Claims on euro area residents denominated
in foreign currency

Loans

Other partici-
pating Mem-
ber States

Households

11 Other assets

Other partici-
pating Mem-
ber States

Loans

Non-
MFIs

Other
residents

Households

Lending for
house pur-
chase

Lending for
house pur-
chase

By maturity
(3 bands)

By maturity
(3 bands)

2

Loans

Other partici-
pating Member
States

Non-
MFIs

Other
residents

Households

Other (residual) By maturity

3

(3 bands)

Claims on euro area residents denominated
in foreign currency

Loans

Other partici-
pating Mem-
ber States

Households

Other
(residual)

By maturity
(3 bands)

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

11 Other assets

Other partici-
pating Mem-
ber States

Loans

Non-
MFIs

Other
residents

Households

Other
(residual)

By maturity
(3 bands)

2

Loans

Rest of the
world

2,1

2,2

Claims on non-euro area residents denomi-
nated in foreign currency — receivables
from the IMF

Claims on non-euro area residents denomi-
nated in foreign currency — balances with
banks and security investments, external
loans and other external assets

4,1

Claims on non-euro area residents denomi-
nated in euro — balances with banks, secu-
rity investments and loans

Loans

Loans

.

2
7
1
2
2
0
0
7

.

ASSETS
Stocks

Bridging table. Item-by-item correspondence

.

2
7
1
2
2
0
0
7

.

Regulation ECB/2001/13 — Annex 1 — Table 1

Accounting balance sheet format

Breakdown

Further breakdown provided

Item

Description

Residence

Sector

Sub-sector

Purpose

Maturity

Item

4,2

Description

Residence

Type

Sector

Sub-sector

Purpose

Maturity/
currency

E
N

Claims on non-euro area residents denomi-
nated in euro — claims arising from the
credit facility under ERM II

11 Other assets

Rest of the
world

Loans

2

Loans

Rest of the
world

Up to 1 year

2,1

Claims on non-euro area residents denomi-
nated in foreign currency — receivables
from the IMF

2,2

4,1

4,2

Claims on non-euro area residents denomi-
nated in foreign currency — balances with
banks and security investments, external
loans and other external assets

Claims on non-euro area residents denomi-
nated in euro — balances with banks, secu-
rity investments and loans

Claims on non-euro area residents denomi-
nated in euro — claims arising from the
credit facility under ERM II

Loans

Loans

2

Loans

Rest of the
world

Over 1 year

2,2

Claims on non-euro area residents denomi-
nated in foreign currency — balances with
banks and security investments, external
loans and other external assets

11 Other assets

Rest of the
world

Loans

4,1

Claims on non-euro area residents denomi-
nated in euro — balances with banks, secu-
rity investments and loans

Loans

11 Other assets

Rest of the
world

Loans

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
4
7

Up to 1 year

Up to 1 year

Up to 1 year

Over 1 year

Over 1 year

Over 1 year

ASSETS
Stocks

Bridging table. Item-by-item correspondence

L

3
4
1
/
4
8

Regulation ECB/2001/13 — Annex 1 — Table 1

Accounting balance sheet format

Breakdown

Further breakdown provided

Item

Description

Item

Description

Residence

Sector

Sub-sector

Purpose

Maturity

Residence

Type

Sector

Sub-sector

Purpose

Maturity/
currency

E
N

2e

Loans, of which
euro

Domestic

Non-
MFIs

General
government

8

General government debt denominated in
euro

Domestic

Loans

11 Other assets

Domestic

Loans

2e

2e

2e

2e

2e

2e

Loans, of which
euro

Domestic

Non-
MFIs

Other
residents

11 Other assets

Domestic

Loans

Loans, of which
euro

Domestic

Non-
MFIs

Other
residents

Other financial
intermediaries

11 Other assets

Domestic

Loans

Loans, of which
euro

Domestic

Non-
MFIs

Other
residents

Insurance corpo-
rations and pen-
sion funds

11 Other assets

Domestic

Loans

Loans, of which
euro

Domestic

Non-
MFIs

Other
residents

Non-financial
corporations

11 Other assets

Domestic

Loans

Loans, of which
euro

Domestic

Non-
MFIs

Other
residents

Households

11 Other assets

Domestic

Loans

Loans, of which
euro

Other partici-
pating Member
States

Non-
MFIs

General
government

8

General government debt denominated in
euro

Loans

Other partici-
pating Mem-
ber States

Non-
MFIs

Non-
MFIs

Non-
MFIs

Non-
MFIs

Non-
MFIs

Non-
MFIs

General
government

Other
residents

Other
residents

Other financial
intermediaries

Other
residents

Insurance corpo-
rations and pen-
sion funds

Other
residents

Non-financial
corporations

Other
residents

Households

2e

Loans, of which
euro

Other partici-
pating Member
States

Non-
MFIs

Other
residents

2e

Loans, of which
euro

Other partici-
pating Member
States

Non-
MFIs

Other
residents

Other financial
intermediaries

2e

Loans, of which
euro

Other partici-
pating Member
States

Non-
MFIs

Other
residents

Insurance corpo-
rations and pen-
sion funds

11 Other assets

11 Other assets

11 Other assets

11 Other assets

Other partici-
pating Mem-
ber States

Other partici-
pating Mem-
ber States

Other partici-
pating Mem-
ber States

Other partici-
pating Mem-
ber States

Loans

Non-
MFIs

General
government

Loans

Non-
MFIs

Other
residents

Loans

Non-
MFIs

Other
residents

Other financial
intermediaries

Loans

Non-
MFIs

Other
residents

Insurance corpo-
rations and pen-
sion funds

Euro

Euro

Euro

Euro

Euro

Euro

Euro

Euro

Euro

Euro

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

ASSETS
Stocks

Bridging table. Item-by-item correspondence

.

2
7
1
2
2
0
0
7

.

Regulation ECB/2001/13 — Annex 1 — Table 1

Accounting balance sheet format

Breakdown

Further breakdown provided

Item

Description

Item

Description

Residence

Sector

Sub-sector

Purpose

Maturity

Residence

Type

Sector

Sub-sector

Purpose

Maturity/
currency

E
N

2e

2e

3e

Loans, of which
euro

Other partici-
pating Member
States

Non-
MFIs

Other
residents

Non-financial
corporations

Loans, of which
euro

Other partici-
pating Member
States

Non-
MFIs

Other
residents

Households

Securities other
than shares —
euro

Domestic

Non-
MFIs

General
government

3e

Securities other
than shares —
euro

Domestic

Non-
MFIs

Other
residents

3e

Securities other
than shares —
euro

Other partici-
pating Member
States

Non-
MFIs

General
government

11 Other assets

11 Other assets

Other partici-
pating Mem-
ber States

Other partici-
pating Mem-
ber States

Loans

Non-
MFIs

Other
residents

Non-financial
corporations

Loans

Non-
MFIs

Other
residents

Households

7

8

Securities of euro area residents denomi-
nated in euro

Domestic

General government debt denominated in
euro

Domestic

11 Other assets

Domestic

7

Securities of euro area residents denomi-
nated in euro

Domestic

11 Other assets

Domestic

7

8

Securities of euro area residents denomi-
nated in euro

General government debt denominated in
euro

11 Other assets

Other partici-
pating Mem-
ber States

Other partici-
pating Mem-
ber States

Other partici-
pating Mem-
ber States

Non-
MFIs

General
government

Non-
MFIs

General
government

Non-
MFIs

Other
residents

Non-
MFIs

Other
residents

Non-
MFIs

General
government

Non-
MFIs

General
government

Securities
(other
than
shares)

Securities
(other
than
shares)

Securities
(other
than
shares)

Securities
(other
than
shares)

Securities
(other
than
shares)

Securities
(other
than
shares)

Securities
(other
than
shares)

Securities
(other
than
shares)

Euro

Euro

Euro

Euro

Euro

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
4
9

ASSETS
Stocks

Bridging table. Item-by-item correspondence

L

3
4
1
/
5
0

Regulation ECB/2001/13 — Annex 1 — Table 1

Accounting balance sheet format

Breakdown

Further breakdown provided

Item

Description

Item

Description

Residence

Sector

Sub-sector

Purpose

Maturity

Residence

Type

Sector

Sub-sector

Purpose

Maturity/
currency

E
N

3e

Securities other
than shares —
euro

Other partici-
pating Member
States

Non-
MFIs

Other
residents

3e

Securities other
than shares —
euro

Domestic

MFIs

3e

Securities other
than shares —
euro

Other partici-
pating Member
States

MFIs

3x

Securities other
than shares —
foreign
currencies

Domestic

Non-
MFIs

General
government

7

Securities of euro area residents denomi-
nated in euro

11 Other assets

Other partici-
pating Mem-
ber States

Other partici-
pating Mem-
ber States

By maturity
(3 bands)

6

7

Other claims on euro area credit institutions
denominated in euro

Domestic

Securities of euro area residents denomi-
nated in euro

Domestic

11 Other assets

Domestic

By maturity
(3 bands)

6

7

Other claims on euro area credit institutions
denominated in euro

Securities of euro area residents denomi-
nated in euro

11 Other assets

Other partici-
pating Mem-
ber States

Other partici-
pating Mem-
ber States

Other partici-
pating Mem-
ber States

3

Claims on euro area residents denominated
in foreign currency

Domestic

11 Other assets

Domestic

Securities
(other
than
shares)

Securities
(other
than
shares)

Securities
(other
than
shares)

Securities
(other
than
shares)

Securities
(other
than
shares)

Securities
(other
than
shares)

Securities
(other
than
shares)

Securities
(other
than
shares)

Securities
(other
than
shares)

Securities
(other
than
shares)

Non-
MFIs

Other
residents

Non-
MFIs

Other
residents

MFIs

MFIs

MFIs

MFIs

MFIs

MFIs

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

Euro

By maturity
(3 bands)

By maturity
(3 bands)

By maturity
(3 bands) /
Euro

By maturity
(3 bands)

By maturity
(3 bands)

By maturity
(3 bands) /
Euro

Non-
MFIs

General
government

Foreign
currencies

.

2
7
1
2
2
0
0
7

.

Bridging table. Item-by-item correspondence

.

2
7
1
2
2
0
0
7

.

Regulation ECB/2001/13 — Annex 1 — Table 1

Accounting balance sheet format

Breakdown

Further breakdown provided

Residence

Sector

Sub-sector

Purpose

Maturity

Residence

Type

Sector

Sub-sector

Purpose

Item

Description

Maturity/
currency

E
N

Domestic

Non-
MFIs

Other
residents

3

Claims on euro area residents denominated
in foreign currency

Domestic

ASSETS
Stocks

Item

Description

3x

Securities other
than shares —
foreign
currencies

3x

Securities other
than shares —
foreign
currencies

Other partici-
pating Member
States

Non-
MFIs

General
government

3x

Securities other
than shares —
foreign
currencies

Other partici-
pating Member
States

Non-
MFIs

Other
residents

Domestic

MFIs

3x

Securities other
than shares —
foreign
currencies

3x

Securities other
than shares —
foreign
currencies

MFIs

Other partici-
pating Member
States

11 Other assets

Domestic

3

Claims on euro area residents denominated
in foreign currency

11 Other assets

3

Claims on euro area residents denominated
in foreign currency

11 Other assets

Other partici-
pating Mem-
ber States

Other partici-
pating Mem-
ber States

Other partici-
pating Mem-
ber States

Other partici-
pating Mem-
ber States

By maturity
(3 bands)

3

Claims on euro area residents denominated
in foreign currency

Domestic

11 Other assets

Domestic

By maturity
(3 bands)

3

Claims on euro area residents denominated
in foreign currency

11 Other assets

Other partici-
pating Mem-
ber States

Other partici-
pating Mem-
ber States

Securities
(other
than
shares)

Securities
(other
than
shares)

Securities
(other
than
shares)

Securities
(other
than
shares)

Securities
(other
than
shares)

Securities
(other
than
shares)

Securities
(other
than
shares)

Securities
(other
than
shares)

Securities
(other
than
shares)

Securities
(other
than
shares)

Non-
MFIs

Other
residents

Foreign
currencies

Non-
MFIs

General
government

Foreign
currencies

Non-
MFIs

Other
residents

MFIs

MFIs

Foreign
currencies

By maturity
(3 bands)

By maturity
(3 bands) /
Foreign
currencies

By maturity
(3 bands)

By maturity
(3 bands) /
Foreign
currencies

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
5
1

ASSETS
Stocks

Bridging table. Item-by-item correspondence

L

3
4
1
/
5
2

Regulation ECB/2001/13 — Annex 1 — Table 1

Accounting balance sheet format

Breakdown

Further breakdown provided

Description

Residence

Type

Sector

Sub-sector

Purpose

Maturity/
currency

E
N

Item

Description

Residence

Sector

Sub-sector

Purpose

Maturity

3

Securities other
than shares

Rest of the
world

Item

2,2

Claims on non-euro area residents denomi-
nated in foreign currency — balances with
banks and security investments, external
loans and other external assets

4,1

Claims on non-euro area residents denomi-
nated in euro — balances with banks, secu-
rity investments and loans

11 Other assets

Rest of the
world

Securities
(other
than
shares)

Securities
(other
than
shares)

Securities
(other
than
shares)

4

4

5

MMF
shares/units

Domestic

MFIs

11 Other assets

Domestic

MMF
shares/units

MMF
shares/units

MFIs

Other partici-
pating Member
States

Shares & other
equity

Domestic

MFIs

11 Other assets

Other partici-
pating Mem-
ber States

MMF
shares/units

6

Other claims on euro area credit institutions
denominated in euro

Domestic

Shares &
other
equity

9,1

Intra-Eurosystem claims — participating
interest in ECB (only NCBs’ balance sheet)

Domestic

11 Other assets

Domestic

MFIs

Shares &
other
equity

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

ASSETS
Stocks

Bridging table. Item-by-item correspondence

.

2
7
1
2
2
0
0
7

.

Regulation ECB/2001/13 — Annex 1 — Table 1

Accounting balance sheet format

Breakdown

Further breakdown provided

Item

Description

Item

Description

Residence

Sector

Sub-sector

Purpose

Maturity

Residence

Type

Sector

Sub-sector

Purpose

Maturity/
currency

E
N

5

Shares & other
equity

Domestic

Non-
MFIs

Other
residents

11 Other assets

Domestic

Shares &
other
equity

Non-
MFIs

5

Shares & other
equity

MFIs

Other partici-
pating Member
States

6

Other claims on euro area credit institutions
denominated in euro

Other partici-
pating Mem-
ber States

Shares &
other
equity

9,1

Intra-Eurosystem claims — participating
interest in ECB (only NCBs’ balance sheet)

Other partici-
pating Mem-
ber States

11 Other assets

Other partici-
pating Mem-
ber States

Shares &
other
equity

MFIs

5

Shares & other
equity

Other partici-
pating Member
States

Non-
MFIs

Other
residents

11 Other assets

Other partici-
pating Mem-
ber States

Shares &
other
equity

Non-
MFIs

5

Shares & other
equity

Rest of the
world

11 Other assets

Rest of the
world

Shares &
other
equity

6

Fixed assets

11 Other assets

Fixed
assets

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
5
3

Bridging table. Item-by-item correspondence

L

3
4
1
/
5
4

Regulation ECB/2001/13 — Annex 1 — Table 1

Accounting balance sheet format

Breakdown

Further breakdown provided

Residence

Sector

Sub-sector

Purpose

Maturity

Item

9,4

Description

Residence

Type

Sector

Sub-sector

Purpose

Maturity/
currency

E
N

ASSETS
Stocks

Item

Description

7

Remaining
assets

CB1 Gold & gold
receiv. (only
monetary gold)

CB2 Receivables
from IMF —
drawing rights,
SDRs, other
claims

Domestic intra-Eurosystem positions apply only to ECB or Deutsche Bundesbank.

Intra-Eurosystem claims — net claims
related to the allocation of euro banknotes
within the Eurosystem

10

Items in course of settlement

11 Other assets

1

Gold and gold receivables

2,1

Claims on non-euro area residents denomi-
nated in foreign currency — receivables
from the IMF

Remain-
ing assets

Remain-
ing assets

Remain-
ing assets

SDRs

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

BRIDGING TABLE

Sector breakdown (Quarterly data)

Bridging table. Item-by-item correspondence

.

2
7
1
2
2
0
0
7

.

LIABILITIES
Stocks

Regulation ECB/2001/13 — Annex 1 — Table 2

Accounting balance sheet format

Item

Description

Item

Description

Breakdown

Further breakdown provided

Residence

Sector

Sub-sectors

Residence

Type

Sector

Sub-sectors

Maturity

9

Deposits (all
currencies)

Rest of the world

Banks

6

Liabilities to non-euro area residents denomi-
nated in euro

8,1

8,2

Liabilities to non-euro area residents denomi-
nated in foreign currency — deposits, balances
and other liabilities

Liabilities to non-euro area residents denomi-
nated in foreign currency — liabilities arising
from the credit facility under ERM II

Banks

Banks

9

Deposits (all
currencies)

Rest of the world Non-
banks

General
government

6

Liabilities to non-euro area residents denomi-
nated in euro

Non-banks

General
government

12

Other liabilities

Rest of the world

Banks

8,1

Liabilities to non-euro area residents denomi-
nated in foreign currency — deposits, balances
and other liabilities

Non-banks

General
government

12

Other liabilities

Rest of the world

Non-banks

General
government

9

Deposits (all
currencies)

Rest of the world Non-
banks

Other residents

6

Liabilities to non-euro area residents denomi-
nated in euro

Non-banks

Other residents

8,1

Liabilities to non-euro area residents denomi-
nated in foreign currency — deposits, balances
and other liabilities

Non-banks

Other residents

12

Other liabilities

Rest of the world

Non-banks

Other residents

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
5
5

LIABILITIES
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 2

Accounting balance sheet format

Item

Description

Residence

Sector

Sub-sectors

Breakdown

9,1

Overnight

Domestic

Non-
MFIs

General
government

Other general
government

State
government

Item

5,1

Description

Further breakdown provided

Residence

Type

Sector

Sub-sectors

Maturity

Liabilities to other euro area residents denomi-
nated in euro — general government

Domestic

Overnight

State government

7

Liabilities to euro area residents denominated
in foreign currency

Domestic

Overnight

State government

12

Other liabilities

Domestic

Overnight

General
government

State government

9,1

Overnight

Domestic

Non-
MFIs

General
government

Other general
government

Local authorities

5,1

Liabilities to other euro area residents denomi-
nated in euro — general government

Domestic

Overnight

Local authorities

7

Liabilities to euro area residents denominated
in foreign currency

Domestic

Overnight

Local authorities

12

Other liabilities

Domestic

Overnight

General
government

Local authorities

9,1

Overnight

Domestic

Non-
MFIs

General
government

Other general
government

Social security
funds

5,1

Liabilities to other euro area residents denomi-
nated in euro — general government

Domestic

Overnight

7

Liabilities to euro area residents denominated
in foreign currency

Domestic

Overnight

Social security
funds

Social security
funds

12

Other liabilities

Domestic

Overnight

General
government

Social security
funds

9,1

Overnight

Other participat-
ing Member
States

Non-
MFIs

General
government

Other general
government

State
government

5,1

Liabilities to other euro area residents denomi-
nated in euro — general government

7

Liabilities to euro area residents denominated
in foreign currency

12

Other liabilities

Other participat-
ing Member
States

Other participat-
ing Member
States

Other participat-
ing Member
States

Overnight

State government

Overnight

State government

Overnight

General
government

State government

L

3
4
1
/
5
6

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

LIABILITIES
Stocks

Item

Description

9,1

Overnight

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 2

Accounting balance sheet format

Residence

Sector

Sub-sectors

Residence

Type

Sector

Sub-sectors

Maturity

Breakdown

Further breakdown provided

Item

Description

Other participat-
ing Member
States

Non-
MFIs

General
government

Other general
government

Local authorities

5,1

Liabilities to other euro area residents denomi-
nated in euro — general government

7

Liabilities to euro area residents denominated
in foreign currency

12

Other liabilities

Other participat-
ing Member
States

Other participat-
ing Member
States

Other participat-
ing Member
States

Overnight

Local authorities

Overnight

Local authorities

Overnight

General
government

Local authorities

9,1

Overnight

Other participat-
ing Member
States

Non-
MFIs

General
government

Other general
government

Social security
funds

5,1

Liabilities to other euro area residents denomi-
nated in euro — general government

Other participat-
ing Member
States

Overnight

7

Liabilities to euro area residents denominated
in foreign currency

Other participat-
ing Member
States

Overnight

Social security
funds

Social security
funds

12

Other liabilities

Other participat-
ing Member
States

Overnight

General
government

Social security
funds

9,2 With agreed

Domestic

maturity

Non-
MFIs

General
government

Other general
government

State
government

5,1

Liabilities to other euro area residents denomi-
nated in euro — general government

Domestic

With agreed
maturity

7

Liabilities to euro area residents denominated
in foreign currency

Domestic

With agreed
maturity

State government

State government

12

Other liabilities

Domestic

With agreed
maturity

General
government

State government

9,2 With agreed

Domestic

maturity

Non-
MFIs

General
government

Other general
government

Local authorities

5,1

Liabilities to other euro area residents denomi-
nated in euro — general government

Domestic

With agreed
maturity

7

Liabilities to euro area residents denominated
in foreign currency

Domestic

With agreed
maturity

Local authorities

Local authorities

12

Other liabilities

Domestic

With agreed
maturity

General
government

Local authorities

.

2
7
1
2
2
0
0
7

.

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
5
7

LIABILITIES
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 2

Accounting balance sheet format

Item

Description

Residence

Sector

Sub-sectors

Breakdown

9,2 With agreed

Domestic

maturity

Non-
MFIs

General
government

Other general
government

Social security
funds

Item

5,1

Description

Further breakdown provided

Residence

Type

Sector

Sub-sectors

Maturity

Liabilities to other euro area residents denomi-
nated in euro — general government

Domestic

With agreed
maturity

7

Liabilities to euro area residents denominated
in foreign currency

Domestic

With agreed
maturity

Social security
funds

Social security
funds

12

Other liabilities

Domestic

With agreed
maturity

General
government

Social security
funds

9,2 With agreed

maturity

Other participat-
ing Member
States

Non-
MFIs

General
government

Other general
government

State
government

5,1

Liabilities to other euro area residents denomi-
nated in euro — general government

Other participat-
ing Member
States

With agreed
maturity

7

Liabilities to euro area residents denominated
in foreign currency

Other participat-
ing Member
States

With agreed
maturity

State government

State government

12

Other liabilities

Other participat-
ing Member
States

With agreed
maturity

General
government

State government

9,2 With agreed

maturity

Other participat-
ing Member
States

Non-
MFIs

General
government

Other general
government

Local authorities

5,1

Liabilities to other euro area residents denomi-
nated in euro — general
government

Other participat-
ing Member
States

With agreed
maturity

7

Liabilities to euro area residents denominated
in foreign currency

Other participat-
ing Member
States

With agreed
maturity

Local authorities

Local authorities

12

Other liabilities

Other participat-
ing Member
States

With agreed
maturity

General
government

Local authorities

9,2 With agreed

maturity

Other participat-
ing Member
States

Non-
MFIs

General
government

Other general
government

Social security
funds

5,1

Liabilities to other euro area residents denomi-
nated in euro — general government

Other participat-
ing Member
States

With agreed
maturity

7

Liabilities to euro area residents denominated
in foreign currency

Other participat-
ing Member
States

With agreed
maturity

Social security
funds

Social security
funds

12

Other liabilities

Other participat-
ing Member
States

With agreed
maturity

General
government

Social security
funds

L

3
4
1
/
5
8

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

LIABILITIES
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 2

Accounting balance sheet format

Item

Description

Item

Description

Breakdown

Further breakdown provided

Residence

Sector

Sub-sectors

Residence

Type

Sector

Sub-sectors

Maturity

9,3

Redeemable at
notice

Domestic

Non-
MFIs

General
government

Other general
government

State
government

n/a

n/a

9,3

Redeemable at
notice

Domestic

Non-
MFIs

General
government

Other general
government

Social security
funds

n/a

n/a

9,3

Redeemable at
notice

Other participat-
ing Member
States

Non-
MFIs

General
government

Other general
government

State
government

n/a

n/a

9,3

Redeemable at
notice

Other participat-
ing Member
States

Non-
MFIs

General
government

Other general
government

Local authorities

n/a

n/a

9,3

Redeemable at
notice

Other participat-
ing Member
States

Non-
MFIs

General
government

Other general
government

Social security
funds

n/a

n/a

9,4

Repos

Domestic

Non-
MFIs

General
government

Other general
government

State
government

5,1

Liabilities to other euro area residents denomi-
nated in euro — general government

Domestic

Repos

State government

7

Liabilities to euro area residents denominated
in foreign currency

Domestic

Repos

State government

12

Other liabilities

Domestic

Repos

General
government

State government

9,4

Repos

Domestic

Non-
MFIs

General
government

Other general
government

Local authorities

5,1

Liabilities to other euro area residents denomi-
nated in euro — general government

Domestic

Repos

Local authorities

7

Liabilities to euro area residents denominated
in foreign currency

Domestic

Repos

Local authorities

12

Other liabilities

Domestic

Repos

General
government

Local authorities

.

2
7
1
2
2
0
0
7

.

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
5
9

LIABILITIES
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 2

Accounting balance sheet format

Item

Description

Residence

Sector

Sub-sectors

Breakdown

9,4

Repos

Domestic

Non-
MFIs

General
government

Other general
government

Social security
funds

Item

5,1

7

Liabilities to other euro area residents denomi-
nated in euro — general government

Domestic

Repos

Liabilities to euro area residents denominated
in foreign currency

Domestic

Repos

Description

Further breakdown provided

Residence

Type

Sector

Sub-sectors

Maturity

9,4

Repos

Other participat-
ing Member
States

Non-
MFIs

General
government

Other general
government

State
government

5,1

Liabilities to other euro area residents denomi-
nated in euro — general government

7

Liabilities to euro area residents denominated
in foreign currency

Other participat-
ing Member
States

Other participat-
ing Member
States

Repos

Repos

12

Other liabilities

Domestic

Repos

General
government

12

Other liabilities

Domestic

Repos

General
government

State government

9,4

Repos

Other participat-
ing Member
States

Non-
MFIs

General
government

Other general
government

Local authorities

5,1

Liabilities to other euro area residents denomi-
nated in euro — general government

7

Liabilities to euro area residents denominated
in foreign currency

12

Other liabilities

9,4

Repos

Other participat-
ing Member
States

Non-
MFIs

General
government

Other general
government

Social security
funds

5,1

Liabilities to other euro area residents denomi-
nated in euro — general government

7

Liabilities to euro area residents denominated
in foreign currency

12

Other liabilities

Other participat-
ing Member
States

Other participat-
ing Member
States

Other participat-
ing Member
States

Other participat-
ing Member
States

Other participat-
ing Member
States

Other participat-
ing Member
States

Repos

Repos

Repos

Repos

Repos

Repos

Local authorities

Local authorities

General
government

Local authorities

Social security
funds

Social security
funds

General
government

Social security
funds

Social security
funds

Social security
funds

Social security
funds

State government

State government

L

3
4
1
/
6
0

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

ASSETS
Stocks

Regulation ECB/2001/13 — Annex 1 — Table 2

Breakdown

Item

Description

Residence

Sec-
tor

Sub-sectors

2

Loans

Domestic

Non-
MFIs

General
government

Central
government

2

Loans

Other partici-
pating Member
States

Non-
MFIs

General
government

Central
government

2

Loans

Rest of the
world

Banks

BRIDGING TABLE

Sector breakdown (Quarterly data)

Bridging table. Item-by-item correspondence

Item

Description

Residence

Type

Sector

Sub-sector

Maturity

Accounting balance sheet format

Further breakdown provided

3

8

Claims on euro area residents denominated
in foreign currency

Domestic

Loans

General government debt denominated in
euro

Domestic

Loans

Central
government

Central
government

11

Other assets

Domestic

Loans

General
government

Central
government

3

8

Claims on euro area residents denominated
in foreign currency

Other partici-
pating Member
States

Loans

General government debt denominated in
euro

Other partici-
pating Member
States

Loans

Central
government

Central
government

11

Other assets

Other partici-
pating Member
States

Loans

General
government

Central
government

2,2

4,1

4,2

Claims on non-euro area
residents
denominated in foreign currency — bal-
ances with banks and security investments,
external loans and other external assets

Claims on non-euro area
residents
denominated in euro — balances with
banks, security investments and loans

Claims on non-euro area
residents
denominated in euro — claims arising
from the credit facility under ERM II

Loans

Banks

Loans

Banks

11

Other assets

Rest of the
world

Loans

Banks

.

2
7
1
2
2
0
0
7

.

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
6
1

ASSETS
Stocks

Regulation ECB/2001/13 — Annex 1 — Table 2

Breakdown

Item

Description

Residence

Sec-
tor

Sub-sectors

2

Loans

Rest of the
world

Non-
banks

General
government

2

Loans

Rest of the
world

Non-
banks

Other
residents

Bridging table. Item-by-item correspondence

Accounting balance sheet format

Further breakdown provided

Description

Residence

Type

Sector

Sub-sector

Maturity

Claims on non-euro area
residents
denominated in foreign currency — receiv-
ables from the IMF

Loans

General
government

residents
Claims on non-euro area
denominated in foreign currency — bal-
ances with banks and security investments,
external loans and other external assets

Loans

Non-banks

General
government

Claims on non-euro area
residents
denominated in euro — balances with
banks, security investments and loans

Loans

Non-banks

General
government

Item

2,1

2,2

4,1

11

Other assets

Rest of the
world

Loans

Non-banks

General
government

2,2

4,1

Claims on non-euro area
residents
denominated in foreign currency — bal-
ances with banks and security investments,
external loans and other external assets

Claims on non-euro area
residents
denominated in euro — balances with
banks, security investments and loans

Loans

Non-banks

Other residents

Loans

Non-banks

Other residents

11

Other assets

Rest of the
world

Loans

Non-banks

Other residents

L

3
4
1
/
6
2

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

2

Loans
(3 maturity
bands)

Domestic

Non-
MFIs

General
government

Other general
government

State
government

3

8

Claims on euro area residents denominated
in foreign currency

Domestic

Loans

State government

By maturity
(3 bands)

General government debt denominated in
euro

Domestic

Loans

State government

By maturity
(3 bands)

11

Other assets

Domestic

Loans

General
government

State government

By maturity
(3 bands)

.

2
7
1
2
2
0
0
7

.

ASSETS
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 2

Breakdown

Accounting balance sheet format

Further breakdown provided

Item

Description

Residence

Sec-
tor

Sub-sectors

Item

Description

Residence

Type

Sector

Sub-sector

Maturity

2

2

2

2

Loans
(3 maturity
bands)

Domestic

Non-
MFIs

General
government

Other general
government

Local
authorities

3

8

Claims on euro area residents denominated
in foreign currency

Domestic

Loans

Local authorities

By maturity
(3 bands)

General government debt denominated in
euro

Domestic

Loans

Local authorities

11

Other assets

Domestic

Loans

General
government

Local authorities

By maturity
(3 bands)

By maturity
(3 bands)

Loans
(3 maturity
bands)

Domestic

Non-
MFIs

General
government

Other general
government

Social security
funds

3

8

Claims on euro area residents denominated
in foreign currency

Domestic

Loans

Social security
funds

By maturity
(3 bands)

General government debt denominated in
euro

Domestic

Loans

Social security
funds

By maturity
(3 bands)

Loans
(3 maturity
bands)

Other partici-
pating Member
States

Non-
MFIs

General
government

Other general
government

State
government

Loans
(3 maturity
bands)

Other partici-
pating Member
States

Non-
MFIs

General
government

Other general
government

Local
authorities

11

Other assets

Domestic

Loans

General
government

Social security
funds

By maturity
(3 bands)

3

8

Claims on euro area residents denominated
in foreign currency

General government debt denominated in
euro

11

Other assets

3

8

Claims on euro area residents denominated
in foreign currency

General government debt denominated in
euro

11

Other assets

Other partici-
pating Member
States

Other partici-
pating Member
States

Other partici-
pating Member
States

Other partici-
pating Member
States

Other partici-
pating Member
States

Other partici-
pating Member
States

Loans

Loans

Loans

Loans

Loans

Loans

State government

By maturity
(3 bands)

State government

By maturity
(3 bands)

General
government

State government

By maturity
(3 bands)

Local authorities

By maturity
(3 bands)

Local authorities

By maturity
(3 bands)

General
government

Local authorities

By maturity
(3 bands)

.

2
7
1
2
2
0
0
7

.

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
6
3

ASSETS
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 2

Breakdown

Accounting balance sheet format

Further breakdown provided

Item

Description

Residence

Sec-
tor

Sub-sectors

Item

Description

Residence

Type

Sector

Sub-sector

Maturity

2

Loans
(3 maturity
bands)

Other partici-
pating Member
States

Non-
MFIs

General
government

Other general
government

Social security
funds

3

8

Claims on euro area residents denominated
in foreign currency

General government debt denominated in
euro

11

Other assets

Other partici-
pating Member
States

Other partici-
pating Member
States

Other partici-
pating Member
States

Loans

Loans

Loans

Social security
funds

By maturity
(3 bands)

Social security
funds

By maturity
(3 bands)

General
government

Social security
funds

By maturity
(3 bands)

3

Securities other
than shares

Domestic

Non-
MFIs

General
government

Central
government

3

7

8

Claims on euro area residents denominated
in foreign currency

Domestic

Securities
(other than
shares)

Central
government

Securities of euro area residents denomi-
nated in euro

Domestic

General
government

Central
government

General government debt denominated in
euro

Domestic

11

Other assets

Domestic

Securities
(other than
shares)

Securities
(other than
shares)

Central
government

General
government

Central
government

3

Securities other
than shares

Other partici-
pating Member
States

Non-
MFIs

General
government

Central
government

3

7

8

Claims on euro area residents denominated
in foreign currency

Other partici-
pating Member
States

Securities
(other than
shares)

Central
government

Securities of euro area residents denomi-
nated in euro

Other partici-
pating Member
States

General
government

Central
government

General government debt denominated in
euro

Other partici-
pating Member
States

Securities
(other than
shares)

Central
government

11

Other assets

Other partici-
pating Member
States

Securities
(other than
shares)

General
government

Central
government

L

3
4
1
/
6
4

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

ASSETS
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 2

Accounting balance sheet format

Item

Description

Residence

3

Securities other
than shares

Rest of the
world

Sec-
tor

Banks

Breakdown

Sub-sectors

Item

2,2

Description

Residence

Type

Sector

Sub-sector

Maturity

Further breakdown provided

Claims on non-euro area
residents
denominated in foreign currency — bal-
ances with banks and security investments,
external loans and other external assets

Securities
(other than
shares)

Banks

3

Securities other
than shares

Rest of the
world

Non-
banks

General
government

3

Securities other
than shares

Rest of the
world

Non-
banks

Other
residents

4,1

Claims on non-euro area
residents
denominated in euro — balances with
banks, security investments and loans

Securities
(other than
shares)

Banks

11

Other assets

Rest of the
world

Securities
(other than
shares)

Banks

2,2

4,1

residents
Claims on non-euro area
denominated in foreign currency — bal-
ances with banks and security investments,
external loans and other external assets

residents
Claims on non-euro area
denominated in euro — balances with
banks, security investments and loans

11

Other assets

Rest of the
world

2,2

4,1

Claims on non-euro area
residents
denominated in foreign currency — bal-
ances with banks and security investments,
external loans and other external assets

residents
Claims on non-euro area
denominated in euro — balances with
banks, security investments and loans

11

Other assets

Rest of the
world

Securities
(other than
shares)

Securities
(other than
shares)

Securities
(other than
shares)

Securities
(other than
shares)

Securities
(other than
shares)

Securities
(other than
shares)

Non banks

General
government

Non banks

General
government

Non banks

General
government

Non banks

Other residents

Non banks

Other residents

Non banks

Other residents

.

2
7
1
2
2
0
0
7

.

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
6
5

3

3

3

ASSETS
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 2

Breakdown

Accounting balance sheet format

Further breakdown provided

Item

Description

Residence

Sec-
tor

Sub-sectors

Item

Description

Residence

Type

Sector

Sub-sector

Maturity

Securities other
than shares
(2 maturity
bands)

Domestic

Non-
MFIs

General
government

Other general
government

State
government

3

7

8

Claims on euro area residents denominated
in foreign currency

Domestic

Securities
(other than
shares)

State government

By maturity
(2 bands)

Securities of euro area residents denomi-
nated in euro

Domestic

General
government

State government

General government debt denominated in
euro

Domestic

State government

Securities other
than shares
(2 maturity
bands)

Domestic

Non-
MFIs

General
government

Other general
government

Local
authorities

3

7

8

Securities other
than shares
(2 maturity
bands)

Domestic

Non-
MFIs

General
government

Other general
government

Social sec.
Funds

3

7

8

By maturity
(2 bands)

By maturity
(2 bands)

By maturity
(2 bands)

By maturity
(2 bands)

Securities
(other than
shares)

Securities
(other than
shares)

Securities
(other than
shares)

Securities
(other than
shares)

Securities
(other than
shares)

Securities
(other than
shares)

11

Other assets

Domestic

Claims on euro area residents denominated
in foreign currency

Domestic

General
government

State government

By maturity
(2 bands)

Local authorities

By maturity
(2 bands)

Securities of euro area residents denomi-
nated in euro

Domestic

General
government

Local authorities

General government debt denominated in
euro

Domestic

Local authorities

11

Other assets

Domestic

Claims on euro area residents denominated
in foreign currency

Domestic

General
government

Local authorities

By maturity
(2 bands)

Social security
funds

By maturity
(2 bands)

Securities of euro area residents denomi-
nated in euro

Domestic

General
government

Social security
funds

By maturity
(2 bands)

General government debt denominated in
euro

Domestic

11

Other assets

Domestic

Securities
(other than
shares)

Securities
(other than
shares)

Social security
funds

By maturity
(2 bands)

General
government

Social security
funds

By maturity
(2 bands)

L

3
4
1
/
6
6

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

ASSETS
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 2

Breakdown

Accounting balance sheet format

Further breakdown provided

Item

Description

Residence

Sec-
tor

Securities other
than shares
(2 maturity
bands)

Domestic

Non-
MFIs

Other
residents

Sub-sectors

Other finan-
cial interme-
diaries

Item

Description

Residence

Type

Sector

Sub-sector

Maturity

3

7

Claims on euro area residents denominated
in foreign currency

Domestic

Securities
(other than
shares)

Other financial
intermediaries

By maturity
(2 bands)

Securities of euro area residents denomi-
nated in euro

Domestic

Other
residents

Other financial
intermediaries

By maturity
(2 bands)

Securities other
than shares
(2 maturity
bands)

Domestic

Non-
MFIs

Other
residents

Insurance
corporations
and pension
funds

3

7

Securities other
than shares
(2 maturity
bands)

Domestic

Non-
MFIs

Other
residents

Non-financial
corporations

3

7

11

Other assets

Domestic

Claims on euro area residents denominated
in foreign currency

Domestic

Securities
(other than
shares)

Securities
(other than
shares)

Other
residents

Other financial
intermediaries

By maturity
(2 bands)

Insur.corporations
and pension funds

By maturity
(2 bands)

Securities of euro area residents denomi-
nated in euro

Domestic

Other
residents

Insur.corporations
and pension funds

By maturity
(2 bands)

11

Other assets

Domestic

Claims on euro area residents denominated
in foreign currency

Domestic

Securities
(other than
shares)

Securities
(other than
shares)

Other
residents

Insur.corporations
and pension funds

By maturity
(2 bands)

Non financial
corporations

By maturity
(2 bands)

Securities of euro area residents denomi-
nated in euro

Domestic

Other
residents

Non financial
corporations

By maturity
(2 bands)

Securities other
than shares
(2 maturity
bands)

Domestic

Non-
MFIs

Other
residents

Households

n/a

n/a

11

Other assets

Domestic

Securities
(other than
shares)

Other
residents

Non financial
corporations

By maturity
(2 bands)

3

3

3

3

.

2
7
1
2
2
0
0
7

.

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
6
7

ASSETS
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 2

Breakdown

Accounting balance sheet format

Further breakdown provided

Item

Description

Residence

Sec-
tor

Sub-sectors

Item

Description

Residence

Type

Sector

Sub-sector

Maturity

3

3

3

Securities other
than shares
(2 maturity
bands)

Other partici-
pating Member
States

Non-
MFIs

General
government

Other general
government

State
government

3

7

8

Securities other
than shares
(2 maturity
bands)

Other partici-
pating Member
States

Non-
MFIs

General
government

Other general
government

Local
authorities

3

7

8

Claims on euro area residents denominated
in foreign currency

Other partici-
pating Member
States

Securities
(other than
shares)

State government

By maturity
(2 bands)

Securities of euro area residents denomi-
nated in euro

Other partici-
pating Member
States

General
government

State government

By maturity
(2 bands)

General government debt denominated in
euro

11

Other assets

Claims on euro area residents denominated
in foreign currency

Other partici-
pating Member
States

Securities
(other than
shares)

Other partici-
pating Member
States

Securities
(other than
shares)

Other partici-
pating Member
States

Securities
(other than
shares)

State government

By maturity
(2 bands)

General
government

State government

By maturity
(2 bands)

Local authorities

By maturity
(2 bands)

Securities of euro area residents denomi-
nated in euro

Other partici-
pating Member
States

General
government

Local authorities

General government debt denominated in
euro

Other partici-
pating Member
States

Securities
(other than
shares)

Local authorities

11

Other assets

Other partici-
pating Member
States

Securities
(other than
shares)

General
government

Local authorities

By maturity
(2 bands)

By maturity
(2 bands)

By maturity
(2 bands)

Securities other
than shares
(2 maturity
bands)

Other partici-
pating Member
States

Non-
MFIs

General
government

Other general
government

Social sec.
Funds

3

7

8

Claims on euro area residents denominated
in foreign currency

Other partici-
pating Member
States

Securities
(other than
shares)

Social security
funds

By maturity
(2 bands)

Securities of euro area residents denomi-
nated in euro

Other partici-
pating Member
States

General
government

Social security
funds

By maturity
(2 bands)

General government debt denominated in
euro

11

Other assets

Other partici-
pating Member
States

Securities
(other than
shares)

Other partici-
pating Member
States

Securities
(other than
shares)

Social security
funds

By maturity
(2 bands)

General
government

Social security
funds

By maturity
(2 bands)

L

3
4
1
/
6
8

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

ASSETS
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 2

Breakdown

Accounting balance sheet format

Further breakdown provided

Item

Description

Residence

Sec-
tor

Securities other
than shares
(2 maturity
bands)

Other partici-
pating Member
States

Non-
MFIs

Other
residents

Sub-sectors

Other finan-
cial interme-
diaries

Securities other
than shares
(2 maturity
bands)

Other partici-
pating Member
States

Non-
MFIs

Other
residents

Insurance
corporations
and pension
funds

Securities other
than shares
(2 maturity
bands)

Other partici-
pating Member
States

Non-
MFIs

Other
residents

Non-financial
corporations

3

3

3

3

5

Item

Description

Residence

Type

Sector

Sub-sector

Maturity

3

7

Claims on euro area residents denominated
in foreign currency

Other partici-
pating Member
States

Securities
(other than
shares)

Other financial
intermediaries

By maturity
(2 bands)

Securities of euro area residents denomi-
nated in euro

Other partici-
pating Member
States

Other
residents

Other financial
intermediaries

By maturity
(2 bands)

11

Other assets

Other partici-
pating Member
States

Securities
(other than
shares)

Other
residents

Other financial
intermediaries

By maturity
(2 bands)

3

7

Claims on euro area residents denominated
in foreign currency

Other partici-
pating Member
States

Securities
(other than
shares)

Insur. corporations
and pension funds

By maturity
(2 bands)

Securities of euro area residents denomi-
nated in euro

Other partici-
pating Member
States

Other
residents

Insur.corporations
and pension funds

By maturity
(2 bands)

11

Other assets

Other partici-
pating Member
States

Securities
(other than
shares)

Other
residents

Insur.corporations
and pension funds

By maturity
(2 bands)

3

7

Claims on euro area residents denominated
in foreign currency

Other partici-
pating Member
States

Securities
(other than
shares)

Non-financial
corporations

By maturity
(2 bands)

Securities of euro area residents denomi-
nated in euro

Other partici-
pating Member
States

Other
residents

Non-financial
corporations

By maturity
(2 bands)

11

Other assets

Other partici-
pating Member
States

Securities
(other than
shares)

Other
residents

Non-financial
corporations

By maturity
(2 bands)

Securities other
than shares
(2 maturity
bands)

Other partici-
pating Member
States

Non-
MFIs

Other
residents

Households

n/a

n/a

Shares and
other equity

Domestic

Non-
MFIs

Other
residents

Other finan-
cial interme-
diaries

11

Other assets

Domestic

Shares and
other equity

Other
residents

Other financial
intermediaries

.

2
7
1
2
2
0
0
7

.

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
6
9

ASSETS
Stocks

Regulation ECB/2001/13 — Annex 1 — Table 2

Breakdown

Item

Description

Residence

Sec-
tor

5

5

5

5

5

Shares and
other equity

Domestic

Non-
MFIs

Other
residents

Shares and
other equity

Shares and
other equity

Shares and
other equity

Shares and
other equity

Domestic

Other partici-
pating Member
States

Other partici-
pating Member
States

Other partici-
pating Member
States

Non-
MFIs

Non-
MFIs

Other
residents

Other
residents

Non-
MFIs

Other
residents

Non-
MFIs

Other
residents

Sub-sectors

Insur. corpo-
rations and
pension
funds

Non-financial
corporations

Other finan-
cial interme-
diaries

Insur. corpo-
rations and
pension
funds

Non-financial
corporations

Bridging table. Item-by-item correspondence

Accounting balance sheet format

Further breakdown provided

Item

Description

Residence

Type

Sector

Sub-sector

Maturity

11

Other assets

Domestic

Shares and
other equity

Other
residents

Insur. corporations
and pension funds

11

Other assets

Domestic

11

Other assets

11

Other assets

11

Other assets

Other partici-
pating Member
States

Other partici-
pating Member
States

Other partici-
pating Member
States

Shares and
other equity

Shares and
other equity

Other
residents

Other
residents

Non-financial
corporations

Other financial
intermediaries

Shares and
other equity

Other
residents

Insur. corporations
and pension funds

Shares and
other equity

Other
residents

Non-financial
corporations

L

3
4
1
/
7
0

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

BRIDGING TABLE

Country breakdown (Quarterly data)

Bridging table. Item-by-item correspondence

LIABILITIES
Stocks

Regulation ECB/2001/13 — Annex 1 — Table 3

Accounting balance sheet format

Item

Description

Residence

Sector

9

Deposits (all
currencies)

EU countries
(excluding domestic)

MFIs

-- x-y-z

Item

2,1

2,2

2,3

2,4

2,5

3

6

7

8,1

8,2

10,1

10,2

Description

Further breakdown provided

Residence

Sector

Liabilities to euro area credit institutions related to monetary policy opera-
tions denominated in euro — current accounts (covering the minimum
reserve system)

Other participating Member States:

--a-b-c

Liabilities to euro area credit institutions related to monetary policy opera-
tions denominated in euro — deposit faciliy

Other participating Member States:

--a-b-c

Liabilities to euro area credit institutions related to monetary policy opera-
tions denominated in euro — fixed-term deposits

Other participating Member States:

--a-b-c

Liabilities to euro area credit institutions related to monetary policy opera-
tions denominated in euro — fine-tuning reverse operations

Other participating Member States:

--a-b-c

Liabilities to euro area credit institutions related to monetary policy opera-
tions denominated in euro — deposit related to margin calls

Other participating Member States:

--a-b-c

Other liabilities to euro area credit institutions denominated in euro

Other participating Member States:

--a-b-c

Liabilities to non-euro area residents denominated in euro

EU countries (non-participating Member
States):

--x-y-z

Liabilities to euro area residents denominated in foreign currency

Other participating Member States:

--a-b-c

Liabilities to non-euro area residents denominated in foreign currency —
deposits, balances and other liabilities

EU countries (non-participating Member
States):

--x-y-z

Liabilities to non-euro area residents denominated in foreign currency —
liabilities arising from the credit facility under ERM II

EU countries (non-participating Member
States):

--x-y-z

MFIs

MFIs

Intra-Eurosystem liabilities — liabilities equivalent to the transfer of foreign
reserves

Other participating Member States:

--a-b-c

Intra-Eurosystem liabilities — liabilities related to promissory notes back-
ing the issuance of ECB debt certificates (only NCBs’ balance sheet)

(DE)

10,4

Intra-Eurosystem liabilities — other liabilities within Eurosystem

Other participating Member States:

--a-b-c

12

Other liabilities

EU countries

MFIs

.

2
7
1
2
2
0
0
7

.

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
7
1

LIABILITIES
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 3

Accounting balance sheet format

Item

Description

Residence

Sector

Item

Description

Further breakdown provided

Residence

Sector

Deposits (all
currencies)

Rest of the world
(excl. EU) total

MFIs

6

Liabilities to non-euro area residents denominated in euro

Rest of the world (excl. EU)

9

9

9

Deposits (all
currencies)

Non-MFIs

EU countries
(excl. domestic)

-- x-y-z

Deposits
(all
currencies)

Rest of the world
(excl. EU) total

Non-MFIs

8,1

12

5,1

5,2

6

7

8,1

12

6

8,1

Liabilities to non-euro area residents denominated in foreign currency —
deposits, balances and other liabilities

Rest of the world (excl. EU)

Other liabilities

Rest of the world (excl. EU)

Liabilities to other euro area residents denominated in euro — general gov-
ernment

Other participating Member States:

--a-b-c

Liabilities to other euro area residents denominated in euro — other liabili-
ties

Other participating Member States:

--a-b-c

Liabilities to non-euro area residents denominated in euro

EU countries (non-participating Member
States):

--x-y-z

MFIs

Liabilities to euro area residents denominated in foreign currency

Other participating Member States:

Liabilities to non-euro area residents denominated in foreign currency —
deposits, balances and other liabilities

EU countries (non-participating Member
States):

--a-b-c

--x-y-z

Other liabilities

EU countries

Liabilities to non-euro area residents denominated in euro

Rest of the world (excl. EU)

Liabilities to non-euro area residents denominated in foreign currency —
deposits, balances and other liabilities

Rest of the world (excl. EU)

12

Other liabilities

Rest of the world (excl. EU)

Banks

Banks

Banks

Non-MFIs

Non-MFIs

Non-banks

Non-banks

Non-banks

L

3
4
1
/
7
2

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

BRIDGING TABLE

Country breakdown (Quarterly data)

Bridging table. Item-by-item correspondence

ASSETS

Stocks

Regulation ECB/2001/13 — Annex 1 — Table 3

Accounting balance sheet format

Item

Description

Breakdown

Residence

Sector

Maturity

2

Loans (all
currencies)

EU countries
(excl. domestic)

MFIs

-- x-y-z

Item

2,2

3

4,1

4,2

5,1

5,2

5,3

5,4

5,5

5,6

6

9,2

Description

Further breakdown provided

Residence

Type

Sector

Maturity

Claims on non-euro area residents denominated in for-
eign currency — balances with banks and security invest-
ments, external loans and other external assets

EU countries (non-participating
Member States):

--x-y-z

Loans

MFIs

Claims on euro area residents denominated in foreign
currency

Other participating Member
States:

--a-b-c

Loans

Claims on non-euro area residents denominated in euro
— balances with banks, security investments and loans

EU countries (non-participating
Member States):

--x-y-z

Loans

MFIs

Claims on non-euro area residents denominated in euro
— claims arising from the credit facility under ERM II

EU countries (non-participating
Member States):

--x-y-z

Lending to euro area credit institutions related to mon-
etary policy operations denominated in euro — main
refinancing operations

Other participating Member
States:

--a-b-c

Lending to euro area credit institutions related to mon-
etary policy operations denominated in euro — longer-
term refinancing operations

Other participating Member
States:

--a-b-c

Lending to euro area credit institutions related to mon-
etary policy operations denominated in euro — fine-
tuning reverse operations

Other participating Member
States:

--a-b-c

Lending to euro area credit institutions related to mon-
etary policy operations denominated in euro — structural
reverse operations

Other participating Member
States:

--a-b-c

Lending to euro area credit institutions related to mon-
etary policy operations denominated in euro — marginal
lending facility

Other participating Member
States:

--a-b-c

Lending to euro area credit institutions related to mon-
etary policy operations denominated in euro — credits
related to margin calls

Other participating Member
States:

--a-b-c

Other claims on euro area credit institutions denomi-
nated in euro

Other participating Member
States:

--a-b-c

Loans

Intra-Eurosystem claims — claims equivalent to the trans-
fer of foreign reserves (only NCBs’ balance sheet)

(DE)

.

2
7
1
2
2
0
0
7

.

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
7
3

ASSETS

Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 3

Accounting balance sheet format

Item

Description

Breakdown

Residence

Sector

Maturity

Item

9,3

Description

Further breakdown provided

Residence

Type

Sector

Maturity

Intra-Eurosystem claims — claims related to promissory
notes backing the issuance of ECB debt certificates (only
ECB’s balance sheet)

Other participating Member
States:

--a-b-c

9,5

Intra-Eurosystem claims — other claims within the Euro-
system

Other participating Member
States:

--a-b-c

11

Other assets

EU countries

2

Loans (all
currencies)

Rest of the world
(excl. EU) total

MFIs

2,2

Claims on non-euro area residents denominated in for-
eign currency — balances with banks and security invest-
ments, external loans and other external assets

Rest of the world (excl. EU)

Loans

Loans

MFIs

Banks

4,1

Claims on non-euro area residents denominated in euro
— balances with banks, security investments and loans

Rest of the world (excl. EU)

Loans

Banks

2

Loans (all
currencies)

EU countries
(excl. domestic)

Non-MFIs

-- x-y-z

2,2

3

4,1

11

Other assets

Rest of the world (excl. EU)

Claims on non-euro area residents denominated in for-
eign currency — balances with banks and security invest-
ments, external loans and other external assets

EU countries (non-participating
Member States):

--x-y-z

Claims on euro area residents denominated in foreign
currency

Other participating Member
States:

--a-b-c

Claims on non-euro area residents denominated in euro
— balances with banks, security investments and loans

EU countries (non-participating
Member States):

--x-y-z

Loans

Non-MFIs

2

Loans (all
currencies)

Rest of the world
(excl. EU) total

Non-MFIs

2,1

2,2

8

General government debt denominated in euro

Other participating Member
States:

--a-b-c

11

Other assets

EU countries

Claims on non-euro area residents denominated in for-
eign currency — receivables from the IMF

Rest of the world (excl. EU)

Claims on non-euro area residents denominated in for-
eign currency — balances with banks and security invest-
ments, external loans and other external assets

Rest of the world (excl. EU)

Loans

Non-banks

4,1

Claims on non-euro area residents denominated in euro
— balances with banks, security investments and loans

Rest of the world (excl. EU)

Loans

Non-banks

11

Other assets

Rest of the world (excl. EU)

Loans

Non-banks

Banks

Non-MFIs

Loans

Loans

Loans

Loans

Loans

Loans

Non-MFIs

Non-banks

L

3
4
1
/
7
4

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

ASSETS

Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 3

Accounting balance sheet format

Item

Description

Breakdown

Residence

Sector

Maturity

3

Securities other
than shares
(all currencies)

EU countries
(excl. domestic)

MFIs

Item

2,2

Description

Further breakdown provided

Residence

Type

Sector

Maturity

Claims on non-euro area residents denominated in for-
eign currency — balances with banks and security invest-
ments, external loans and other external assets

EU countries (non-participating
Member States):

--x-y-z

Securities other
than shares

MFIs

-- x-y-z

3

Claims on euro area residents denominated in foreign
currency

Other participating Member
States:

--a-b-c

Securities other
than shares

4,1

Claims on non-euro area residents denominated in euro
— balances with banks, security investments and loans

EU countries (non-participating
Member States):

--x-y-z

Securities other
than shares

MFIs

6

7

Other claims on euro area credit institutions denomi-
nated in euro

Other participating Member
States:

--a-b-c

Securities other
than shares

Securities of euro area residents denominated in euro

Other participating Member
States:

--a-b-c

Securities other
than shares

MFIs

3

3

11

Other assets

EU countries

Securities other
than shares
(all currencies)

Rest of the world
(excl. EU) total

MFIs

2,2

Claims on non-euro area residents denominated in for-
eign currency — balances with banks and security invest-
ments, external loans and other external assets

Rest of the world (excl. EU)

Securities other
than shares

MFIs

Securities other
than shares

Banks

4,1

Claims on non-euro area residents denominated in euro
— balances with banks, security investments and loans

Rest of the world (excl. EU)

Securities other
than shares

Banks

11

Other assets

Rest of the world (excl. EU)

Securities other
than shares

Banks

Securities other
than shares
(all currencies)

EU countries
(excl. domestic)

MFIs

By maturity
(3 bands)

2,2

Claims on non-euro area residents denominated in for-
eign currency — balances with banks and security invest-
ments, external loans and other external assets

EU countries (non-participating
Member States):

--x-y-z

Securities other
than shares

MFIs

By maturity
(3 bands)

-- x-y-z

3

Claims on euro area residents denominated in foreign
currency

Other participating Member
States:

--a-b-c

Securities other
than shares

4,1

Claims on non-euro area residents denominated in euro
— balances with banks, security investments and loans

EU countries (non-participating
Member States):

--x-y-z

Securities other
than shares

MFIs

6

Other claims on euro area credit institutions denomi-
nated in euro

Other participating Member
States:

--a-b-c

Securities other
than shares

By maturity
(3 bands)

By maturity
(3 bands)

By maturity
(3 bands)

.

2
7
1
2
2
0
0
7

.

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
7
5

ASSETS

Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 3

Accounting balance sheet format

Item

Description

Item

Description

Breakdown

Further breakdown provided

Residence

Sector

Maturity

Residence

Type

Sector

Maturity

3

Securities other
than shares (all
currencies)

EU countries
(excl. domestic)

Non-MFIs

-- x-y-z

7

Securities of euro area residents denominated in euro

Other participating Member
States:

--a-b-c

Securities other
than shares

MFIs

11

Other assets

EU countries

Securities other
than shares

MFIs

By maturity
(3 bands)

By maturity
(3 bands)

2,2

3

4,1

7

8

Claims on non-euro area residents denominated in for-
eign currency — balances with banks and security invest-
ments, external loans and other external assets

EU countries (non-participating
Member States):

--x-y-z

Securities other
than shares

Non-MFIs

Claims on euro area residents denominated in foreign
currency

Other participating Member
States:

--a-b-c

Securities other
than shares

Claims on non-euro area residents denominated in euro
— balances with banks, security investments and loans

EU countries (non-participating
Member States):

--x-y-z

Securities other
than shares

Non-MFIs

Securities of euro area residents denominated in euro

Other participating Member
States:

--a-b-c

Securities other
than shares

Non-MFIs

General government debt denominated in euro

Other participating Member
States:

--a-b-c

Securities other
than shares

3

Securities other
than shares (all
currencies)

Rest of the world
(excl. EU) total

Non-MFIs

2,2

Claims on non-euro area residents denominated in for-
eign currency — balances with banks and security invest-
ments, external loans and other external assets

Rest of the world (excl. EU)

11

Other assets

EU countries

Securities other
than shares

Non-MFIs

Securities other
than shares

Non-banks

4,1

Claims on non-euro area residents denominated in euro
— balances with banks, security investments and loans

Rest of the world (excl. EU)

Securities other
than shares

Non-banks

11

Other assets

Rest of the world (excl. EU)

Securities other
than shares

Non-banks

4

MMF shares/units

EU countries
(excl. domestic)

-- x-y-z

4

MMF shares/units

Rest of the world
(excl. EU) total

11

Other assets

EU countries

11

Other assets

Rest of the world (excl. EU) total

MMF
shares/units

MMF
shares/units

L

3
4
1
/
7
6

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

ASSETS

Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 3

Accounting balance sheet format

Item

Description

Breakdown

Residence

Sector

Maturity

5

Shares and other
equity

EU countries
(excl. domestic)

-- x-y-z

Item

6

Description

Further breakdown provided

Residence

Type

Sector

Maturity

Other claims on euro area credit institutions denomi-
nated in euro

EU countries (non-participating
Member States):

--x-y-z

Shares and
other equity

5

Shares and other
equity

Rest of the world
(excl. EU) total

9,1

Intra-Eurosystem claims — participating interest in ECB
(only NCBs’ balance sheet)

(DE)

11

Other assets

11

Other assets

EU countries

Rest of the world (excl. EU)

Shares and
other equity

Shares and
other equity

.

2
7
1
2
2
0
0
7

.

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
7
7

BRIDGING TABLE

Currency breakdown (Quarterly data)

Bridging table. Item-by-item correspondance.

LIABILITIES
Stocks

Regulation ECB/2001/13 — Annex 1 — Table 4

Accounting balance sheet format

Item

Description

Breakdown

Sector

Currency

Maturity

9A

Deposits — domestic MFIs

Other Member State
currencies total

Item

7

Description

Further breakdown provided

Residence

Sector

Currency

Maturity

Liabilities to euro area residents denominated in foreign
currency

Domestic

12

Other liabilities

Domestic

MFIs

9A

Deposits — domestic MFIs

DKK

9A

Deposits — domestic MFIs

SEK

9A

Deposits — domestic MFIs

GBP

9A

Deposits — domestic MFIs

Other currencies total

9A

Deposits — domestic MFIs

USD

9A

Deposits — domestic MFIs

JPY

9A

Deposits — domestic MFIs

CHF

9A

Deposits — domestic MFIs

Remaining currencies
combined

7

12

7

12

7

12

7

12

7

12

7

12

7

12

7

Liabilities to euro area residents denominated in foreign
currency

Domestic

Other liabilities

Liabilities to euro area residents denominated in foreign
currency

Other liabilities

Liabilities to euro area residents denominated in foreign
currency

Other liabilities

Liabilities to euro area residents denominated in foreign
currency

Other liabilities

Liabilities to euro area residents denominated in foreign
currency

Other liabilities

Liabilities to euro area residents denominated in foreign
currency

Other liabilities

Liabilities to euro area residents denominated in foreign
currency

Other liabilities

Liabilities to euro area residents denominated in foreign
currency

Domestic

Domestic

Domestic

Domestic

Domestic

Domestic

Domestic

Domestic

Domestic

Domestic

Domestic

Domestic

Domestic

Domestic

MFIs

MFIs

MFIs

MFIs

MFIs

MFIs

12

Other liabilities

Domestic

MFIs

Other currencies total

MFIs

Other currencies total

Other Member State
currencies total

Other Member State
currencies total

DKK

DKK

SEK

SEK

GBP

GBP

USD

USD

JPY

JPY

CHF

CHF

Remaining currencies
combined

Remaining currencies
combined

L

3
4
1
/
7
8

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

LIABILITIES
Stocks

Bridging table. Item-by-item correspondance.

Regulation ECB/2001/13 — Annex 1 — Table 4

Accounting balance sheet format

Item

Description

Breakdown

Sector

Currency

Maturity

9A

Deposits — domestic Non-MFIs

Euro

9A

Deposits — domestic Non-MFIs

Other Member State
currencies total

Item

5,1

12

7

Liabilities to other euro area residents denominated in euro
— general government

Domestic

Other liabilities

Liabilities to euro area residents denominated in foreign
currency

Domestic

Domestic

12

Other liabilities

Domestic

Non-MFIs

Description

Further breakdown provided

Residence

Sector

Currency

Maturity

9A

Deposits — domestic Non-MFIs

DKK

9A

Deposits — domestic Non-MFIs

SEK

9A

Deposits — domestic Non-MFIs

GBP

9A

Deposits — domestic Non-MFIs

Other currencies total

9A

Deposits — domestic Non-MFIs

USD

9A

Deposits — domestic Non-MFIs

JPY

9A

Deposits — domestic Non-MFIs

CHF

9A

Deposits — domestic Non-MFIs

Remaining currencies
combined

7

12

7

12

7

12

7

12

7

12

7

12

7

12

7

Liabilities to euro area residents denominated in foreign
currency

Domestic

Other liabilities

Liabilities to euro area residents denominated in foreign
currency

Other liabilities

Liabilities to euro area residents denominated in foreign
currency

Other liabilities

Liabilities to euro area residents denominated in foreign
currency

Other liabilities

Liabilities to euro area residents denominated in foreign
currency

Other liabilities

Liabilities to euro area residents denominated in foreign
currency

Other liabilities

Liabilities to euro area residents denominated in foreign
currency

Other liabilities

Liabilities to euro area residents denominated in foreign
currency

Domestic

Domestic

Domestic

Domestic

Domestic

Domestic

Domestic

Domestic

Domestic

Domestic

Domestic

Domestic

Domestic

Domestic

12

Other liabilities

Domestic

Non-MFIs

Non-MFIs

Euro

Other Member State
currencies total

Other Member State
currencies total

DKK

DKK

SEK

SEK

GBP

GBP

Non-MFIs

Non-MFIs

Non-MFIs

Other currencies total

Non-MFIs

Other currencies total

USD

USD

JPY

JPY

CHF

CHF

Non-MFIs

Non-MFIs

Non-MFIs

Remaining currencies
combined

Remaining currencies
combined

.

2
7
1
2
2
0
0
7

.

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
7
9

LIABILITIES
Stocks

Bridging table. Item-by-item correspondance.

Regulation ECB/2001/13 — Annex 1 — Table 4

Accounting balance sheet format

Item

Description

Breakdown

Sector

Currency

Maturity

Deposits — other
participating Member
States

MFIs

Other Member State
currencies total

Item

7

Description

Further breakdown provided

Residence

Sector

Currency

Maturity

Liabilities to euro area residents denominated in foreign
currency

Other participating
Member States

Other Member State
currencies total

12

Other liabilities

Other participating
Member States

MFIs

Other Member State
currencies total

Deposits — other
participating Member
States

MFIs

DKK

7

Liabilities to euro area residents denominated in foreign
currency

Other participating
Member States

Deposits — other
participating Member
States

MFIs

SEK

Deposits — other
participating Member
States

MFIs

GBP

12

Other liabilities

Other participating
Member States

MFIs

7

Liabilities to euro area residents denominated in foreign
currency

Other participating
Member States

12

Other liabilities

Other participating
Member States

MFIs

7

Liabilities to euro area residents denominated in foreign
currency

Other participating
Member States

12

Other liabilities

Other participating
Member States

MFIs

DKK

DKK

SEK

SEK

GBP

GBP

Deposits — other
participating Member
States

MFIs

Other currencies total

7

Liabilities to euro area residents denominated in foreign
currency

Other participating
Member States

Other currencies total

12

Other liabilities

Other participating
Member States

MFIs

Other currencies total

Deposits — other
participating Member
States

MFIs

USD

7

Liabilities to euro area residents denominated in foreign
currency

Other participating
Member States

Deposits — other
participating Member
States

MFIs

JPY

12

Other liabilities

Other participating
Member States

MFIs

7

Liabilities to euro area residents denominated in foreign
currency

Other participating
Member States

12

Other liabilities

Other participating
Member States

MFIs

USD

USD

JPY

JPY

9B

9B

9B

9B

9B

9B

9B

L

3
4
1
/
8
0

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

LIABILITIES
Stocks

Bridging table. Item-by-item correspondance.

Regulation ECB/2001/13 — Annex 1 — Table 4

Accounting balance sheet format

Item

Description

Breakdown

Sector

Currency

Maturity

Description

Further breakdown provided

Residence

Sector

Currency

Maturity

Deposits — other
participating Member
States

MFIs

CHF

Liabilities to euro area residents denominated in foreign
currency

Other participating
Member States

Item

7

12

Other liabilities

Other participating
Member States

MFIs

CHF

CHF

Deposits — other
participating Member
States

MFIs

Remaining currencies
combined

7

Liabilities to euro area residents denominated in foreign
currency

Other participating
Member States

Remaining currencies
combined

12

Other liabilities

Other participating
Member States

MFIs

Remaining currencies
combined

Deposits — other
participating Member
States

Non-MFIs

Euro

5,1

Liabilities to other euro area residents denominated in euro
— general government

Other participating
Member States

12

Other liabilities

Other participating
Member States

Non-MFIs

Euro

Deposits — other
participating Member
States

Non-MFIs

Other Member State
currencies total

7

Liabilities to euro area residents denominated in foreign
currency

Other participating
Member States

Other Member State
currencies total

12

Other liabilities

Other participating
Member States

Non-MFIs

Other Member State
currencies total

Deposits — other
participating Member
States

Non-MFIs

DKK

7

Liabilities to euro area residents denominated in foreign
currency

Other participating
Member States

Deposits — other
participating Member
States

Non-MFIs

SEK

Deposits — other
participating Member
States

Non-MFIs

GBP

12

Other liabilities

Other participating
Member States

Non-MFIs

7

Liabilities to euro area residents denominated in foreign
currency

Other participating
Member States

12

Other liabilities

Other participating
Member States

Non-MFIs

7

Liabilities to euro area residents denominated in foreign
currency

Other participating
Member States

DKK

DKK

SEK

SEK

GBP

12

Other liabilities

Other participating
Member States

Non-MFIs

GBP

9B

9B

9B

9B

9B

9B

9B

.

2
7
1
2
2
0
0
7

.

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
8
1

LIABILITIES
Stocks

Bridging table. Item-by-item correspondance.

Regulation ECB/2001/13 — Annex 1 — Table 4

Accounting balance sheet format

Item

Description

9B

Deposits — other
participating Member
States

Breakdown

Sector

Currency

Maturity

Non-MFIs

Other currencies total

Item

7

Description

Further breakdown provided

Residence

Sector

Currency

Maturity

Liabilities to euro area residents denominated in foreign
currency

Other participating
Member States

Other currencies total

12

Other liabilities

Other participating
Member States

Non-MFIs

Other currencies total

9B

Deposits — other
participating Member
States

Non-MFIs

USD

7

Liabilities to euro area residents denominated in foreign
currency

Other participating
Member States

USD

12

Other liabilities

Other participating
Member States

Non-MFIs

USD

9B

Deposits — other
participating Member
States

Non-MFIs

JPY

7

Liabilities to euro area residents denominated in foreign
currency

Other participating
Member States

JPY

12

Other liabilities

Other participating
Member States

Non-MFIs

JPY

9B

Deposits — other
participating Member
States

Non-MFIs

CHF

7

Liabilities to euro area residents denominated in foreign
currency

Other participating
Member States

CHF

12

Other liabilities

Other participating
Member States

Non-MFIs

CHF

9B

Deposits — other
participating Member
States

Non-MFIs

Remaining currencies
combined

7

Liabilities to euro area residents denominated in foreign
currency

Other participating
Member States

Remaining currencies
combined

12

Other liabilities

Other participating
Member States

Non-MFIs

Remaining currencies
combined

9C

Deposits — rest of
the world

Euro

By maturity
(2 bands)

6

Liabilities to non-euro area residents denominated in euro

12

Other liabilities

Euro

By maturity
(2 bands)

By maturity
(2 bands)

L

3
4
1
/
8
2

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

LIABILITIES
Stocks

Bridging table. Item-by-item correspondance.

Regulation ECB/2001/13 — Annex 1 — Table 4

Accounting balance sheet format

Description

Further breakdown provided

Residence

Sector

Currency

Maturity

Item

Description

Breakdown

Sector

Currency

Maturity

9C

Deposits — rest of
the world

Other Member State
currencies total

By maturity
(2 bands)

Item

8,1

8,2

Liabilities to non-euro area residents denominated in for-
eign currency — deposits, balances and other liabilities

Liabilities to non-euro area residents denominated in for-
eign currency — liabilities arising from the credit facility
under ERM II

9C

Deposits — rest of
the world

DKK

By maturity
(2 bands)

9C

Deposits — rest of
the world

SEK

By maturity
(2 bands)

9C

Deposits — rest of
the world

GBP

By maturity
(2 bands)

12

Other liabilities

8,1

8,2

Liabilities to non-euro area residents denominated in for-
eign currency — deposits, balances and other liabilities

Liabilities to non-euro area residents denominated in for-
eign currency — liabilities arising from the credit facility
under ERM II

12

Other liabilities

8,1

8,2

Liabilities to non-euro area residents denominated in for-
eign currency — deposits, balances and other liabilities

Liabilities to non-euro area residents denominated in for-
eign currency — liabilities arising from the credit facility
under ERM II

12

Other liabilities

8,1

8,2

Liabilities to non-euro area residents denominated in for-
eign currency — deposits, balances and other liabilities

Liabilities to non-euro area residents denominated in for-
eign currency — liabilities arising from the credit facility
under ERM II

12

Other liabilities

.

2
7
1
2
2
0
0
7

.

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
8
3

Other Member State
currencies total

By maturity
(2 bands)

Other Member State
currencies total

By maturity
(2 bands)

Other Member State
currencies total

By maturity
(2 bands)

DKK

DKK

DKK

SEK

SEK

SEK

GBP

GBP

GBP

By maturity
(2 bands)

By maturity
(2 bands)

By maturity
(2 bands)

By maturity
(2 bands)

By maturity
(2 bands)

By maturity
(2 bands)

By maturity
(2 bands)

By maturity
(2 bands)

By maturity
(2 bands)

LIABILITIES
Stocks

Bridging table. Item-by-item correspondance.

Regulation ECB/2001/13 — Annex 1 — Table 4

Accounting balance sheet format

Description

Further breakdown provided

Residence

Sector

Currency

Maturity

Item

Description

Breakdown

Sector

Currency

Maturity

9C

Deposits — rest of
the world

Other currencies total By maturity

(2 bands)

Item

8,1

8,2

Liabilities to non-euro area residents denominated in for-
eign currency — deposits, balances and other liabilities

Liabilities to non-euro area residents denominated in for-
eign currency — liabilities arising from the credit facility
under ERM II

9C

Deposits — rest of
the world

USD

By maturity
(2 bands)

9C

Deposits — rest of
the world

JPY

By maturity
(2 bands)

9C

Deposits — rest of
the world

CHF

By maturity
(2 bands)

12

Other liabilities

8,1

8,2

Liabilities to non-euro area residents denominated in for-
eign currency — deposits, balances and other liabilities

Liabilities to non-euro area residents denominated in for-
eign currency — liabilities arising from the credit facility
under ERM II

12

Other liabilities

8,1

8,2

Liabilities to non-euro area residents denominated in for-
eign currency — deposits, balances and other liabilities

Liabilities to non-euro area residents denominated in for-
eign currency — liabilities arising from the credit facility
under ERM II

12

Other liabilities

8,1

8,2

Liabilities to non-euro area residents denominated in for-
eign currency — deposits, balances and other liabilities

Liabilities to non-euro area residents denominated in for-
eign currency — liabilities arising from the credit facility
under ERM II

12

Other liabilities

L

3
4
1
/
8
4

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

Other currencies total By maturity

(2 bands)

Other currencies total By maturity

(2 bands)

Other currencies total By maturity

(2 bands)

USD

USD

USD

JPY

JPY

JPY

CHF

CHF

CHF

By maturity
(2 bands)

By maturity
(2 bands)

By maturity
(2 bands)

By maturity
(2 bands)

By maturity
(2 bands)

By maturity
(2 bands)

By maturity
(2 bands)

By maturity
(2 bands)

By maturity
(2 bands)

LIABILITIES
Stocks

Bridging table. Item-by-item correspondance.

Regulation ECB/2001/13 — Annex 1 — Table 4

Accounting balance sheet format

Description

Further breakdown provided

Residence

Sector

Currency

Maturity

Item

Description

Breakdown

Sector

Currency

Maturity

9C

Deposits — rest of
the world

Remaining currencies
combined

By maturity
(2 bands)

Item

8,1

8,2

Liabilities to non-euro area residents denominated in for-
eign currency — deposits, balances and other liabilities

Liabilities to non-euro area residents denominated in for-
eign currency — liabilities arising from the credit facility
under ERM II

9C

Deposits — rest of
the world

Banks

All currencies
combined

6

Liabilities to non-euro area residents denominated in euro

12

Other liabilities

9C

Deposits — rest of
the world

Banks

Euro

9C

Deposits — rest of
the world

Banks

Other Member State
currencies total

9C

Deposits — rest of
the world

Banks

DKK

8,1

8,2

Liabilities to non-euro area residents denominated in for-
eign currency — deposits, balances and other liabilities

Liabilities to non-euro area residents denominated in for-
eign currency — liabilities arising from the credit facility
under ERM II

12

Other liabilities

6

Liabilities to non-euro area residents denominated in euro

12

Other liabilities

8,1

8,2

Liabilities to non-euro area residents denominated in for-
eign currency — deposits, balances and other liabilities

Liabilities to non-euro area residents denominated in for-
eign currency — liabilities arising from the credit facility
under ERM II

12

Other liabilities

8,1

8,2

Liabilities to non-euro area residents denominated in for-
eign currency — deposits, balances and other liabilities

Liabilities to non-euro area residents denominated in for-
eign currency — liabilities arising from the credit facility
under ERM II

12

Other liabilities

.

2
7
1
2
2
0
0
7

.

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
8
5

Remaining currencies
combined

By maturity
(2 bands)

Remaining currencies
combined

By maturity
(2 bands)

Remaining currencies
combined

By maturity
(2 bands)

Euro

Other Member State
currencies total

Other Member State
currencies total

Other Member State
currencies total

DKK

DKK

DKK

Banks

Banks

Banks

Banks

Banks

Banks

Banks

Banks

Banks

LIABILITIES
Stocks

Bridging table. Item-by-item correspondance.

Regulation ECB/2001/13 — Annex 1 — Table 4

Accounting balance sheet format

Description

Further breakdown provided

Residence

Sector

Currency

Maturity

Item

Description

Breakdown

Sector

Currency

Maturity

9C

Deposits — rest of
the world

Banks

SEK

Item

8,1

8,2

Liabilities to non-euro area residents denominated in for-
eign currency — deposits, balances and other liabilities

Liabilities to non-euro area residents denominated in for-
eign currency — liabilities arising from the credit facility
under ERM II

9C

Deposits — rest of
the world

Banks

GBP

12

Other liabilities

8,1

8,2

Liabilities to non-euro area residents denominated in for-
eign currency — deposits, balances and other liabilities

Liabilities to non-euro area residents denominated in for-
eign currency — liabilities arising from the credit facility
under ERM II

12

Other liabilities

9C

Deposits — rest of
the world

Banks

Other currencies total

8,1

Liabilities to non-euro area residents denominated in for-
eign currency — deposits, balances and other liabilities

12

Other liabilities

9C

Deposits — rest of
the world

Banks

USD

8,1

Liabilities to non-euro area residents denominated in for-
eign currency — deposits, balances and other liabilities

12

Other liabilities

9C

Deposits — rest of
the world

Banks

JPY

8,1

Liabilities to non-euro area residents denominated in for-
eign currency — deposits, balances and other liabilities

12

Other liabilities

9C

Deposits — rest of
the world

Banks

CHF

8,1

Liabilities to non-euro area residents denominated in for-
eign currency — deposits, balances and other liabilities

12

Other liabilities

9C

Deposits — rest of
the world

Banks

Remaining currencies
combined

8,1

Liabilities to non-euro area residents denominated in for-
eign currency — deposits, balances and other liabilities

12

Other liabilities

Banks

Banks

Banks

Banks

Banks

Banks

Banks

Banks

Banks

Banks

Banks

Banks

Banks

Banks

SEK

SEK

SEK

GBP

GBP

GBP

Other currencies total

Other currencies total

USD

USD

JPY

JPY

CHF

CHF

Remaining currencies
combined

Remaining currencies
combined

L

3
4
1
/
8
6

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

LIABILITIES
Stocks

Bridging table. Item-by-item correspondance.

Regulation ECB/2001/13 — Annex 1 — Table 4

Accounting balance sheet format

Item

Description

Item

Description

Breakdown

Further breakdown provided

Sector

Currency

Maturity

Residence

Sector

Currency

Maturity

9C

Deposits — rest of
the world

Non-banks

All currencies
combined

6

Liabilities to non-euro area residents denominated in euro

Non-banks

9C

Deposits — rest of
the world

Non-banks

Euro

8,1

Liabilities to non-euro area residents denominated in for-
eign currency — deposits, balances and other liabilities

12

Other liabilities

6

Liabilities to non-euro area residents denominated in euro

Non-banks

Non-banks

Non-banks

12

Other liabilities

Non-banks

Euro

9C

Deposits — rest of
the world

Non-banks

Other Member State
currencies total

8,1

Liabilities to non-euro area residents denominated in for-
eign currency — deposits, balances and other liabilities

12

Other liabilities

9C

Deposits — rest of
the world

Non-banks

DKK

8,1

Liabilities to non-euro area residents denominated in for-
eign currency — deposits, balances and other liabilities

12

Other liabilities

9C

Deposits — rest of
the world

Non-banks

SEK

8,1

Liabilities to non-euro area residents denominated in for-
eign currency — deposits, balances and other liabilities

9C

Deposits — rest of
the world

Non-banks

GBP

8,1

Liabilities to non-euro area residents denominated in for-
eign currency — deposits, balances and other liabilities

12

Other liabilities

Non-banks

Non-banks

Non-banks

Non-banks

Non-banks

Non-banks

Non-banks

Other Member State
currencies total

Other Member State
currencies total

DKK

DKK

SEK

SEK

GBP

12

Other liabilities

Non-banks

GBP

9C

Deposits — rest of
the world

Non-banks

Other currencies total

8,1

Liabilities to non-euro area residents denominated in for-
eign currency — deposits, balances and other liabilities

Non-banks

Other currencies total

12

Other liabilities

Non-banks

Other currencies total

9C

Deposits — rest of
the world

Non-banks

USD

8,1

Liabilities to non-euro area residents denominated in for-
eign currency — deposits, balances and other liabilities

Non-banks

USD

12

Other liabilities

Non-banks

USD

.

2
7
1
2
2
0
0
7

.

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
8
7

LIABILITIES
Stocks

Bridging table. Item-by-item correspondance.

Regulation ECB/2001/13 — Annex 1 — Table 4

Accounting balance sheet format

Item

Description

Breakdown

Sector

Currency

Maturity

9C

Deposits — rest of
the world

Non-banks

JPY

9C

Deposits — rest of
the world

Non-banks

CHF

9C

Deposits — rest of
the world

Non-banks

Remaining currencies
combined

11

Debt securities issued

Other Member State
currencies total

11

11

11

11

11

11

11

11

Debt securities
issued

Debt securities
issued

Debt securities
issued

Debt securities
issued

Debt securities
issued

Debt securities
issued

Debt securities
issued

Debt securities
issued

DKK

SEK

GBP

Other currencies total

USD

JPY

CHF

Remaining currencies
combined

Description

Further breakdown provided

Residence

Sector

Currency

Maturity

Item

8,1

12

8,1

12

8,1

Liabilities to non-euro area residents denominated in for-
eign currency — deposits, balances and other liabilities

Other liabilities

Liabilities to non-euro area residents denominated in for-
eign currency — deposits, balances and other liabilities

Other liabilities

Liabilities to non-euro area residents denominated in for-
eign currency — deposits, balances and other liabilities

Non-banks

Non-banks

Non-banks

Non-banks

Non-banks

Non-banks

JPY

JPY

CHF

CHF

Remaining currencies
combined

Remaining currencies
combined

12

Other liabilities

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

L

3
4
1
/
8
8

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

BRIDGING TABLE

Currency breakdown (Quarterly data)

Bridging table. Item-by-item correspondence

ASSETS
Stocks

Regulation ECB/2001/13 — Annex 1 — Table 4

Accounting balance sheet format

Item

Description

Breakdown

Sector

Currency

Maturity

2A

Loans — domestic Non-MFIs

Other Member
State currencies

Item

3

Description

Further breakdown provided

Residence

Sector

Type

Currency

Maturity

Claims on euro area residents denominated in for-
eign currency

Domestic

Loans

2A

Loans — domestic Non-MFIs

DKK

2A

Loans — domestic Non-MFIs

SEK

2A

Loans — domestic Non-MFIs

GBP

2A

Loans — domestic Non-MFIs

Other currencies
total

2A

Loans — domestic Non-MFIs

USD

2A

Loans — domestic Non-MFIs

JPY

2A

Loans — domestic Non-MFIs

CHF

2A

Loans — domestic Non-MFIs

Remaining curren-
cies combined

11

Other assets

Domestic

Non-MFIs

Loans

3

11

3

11

3

11

3

Claims on euro area residents denominated in for-
eign currency

Domestic

Other assets

Claims on euro area residents denominated in for-
eign currency

Other assets

Claims on euro area residents denominated in for-
eign currency

Other assets

Claims on euro area residents denominated in for-
eign currency

Domestic

Domestic

Domestic

Domestic

Domestic

Domestic

Non-MFIs

Non-MFIs

Non-MFIs

Loans

Loans

Loans

Loans

Loans

Loans

Loans

11

Other assets

Domestic

Non-MFIs

Loans

3

11

3

11

3

11

3

Claims on euro area residents denominated in for-
eign currency

Domestic

Other assets

Claims on euro area residents denominated in for-
eign currency

Other assets

Claims on euro area residents denominated in for-
eign currency

Other assets

Claims on euro area residents denominated in for-
eign currency

Domestic

Domestic

Domestic

Domestic

Domestic

Domestic

Non-MFIs

Non-MFIs

Non-MFIs

Loans

Loans

Loans

Loans

Loans

Loans

Loans

11

Other assets

Domestic

Non-MFIs

Loans

Other Member
State currencies

Other Member
State currencies

DKK

DKK

SEK

SEK

GBP

GBP

Other currencies
total

Other currencies
total

USD

USD

JPY

JPY

CHF

CHF

Remaining curren-
cies combined

Remaining curren-
cies combined

.

2
7
1
2
2
0
0
7

.

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
8
9

ASSETS
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 4

Accounting balance sheet format

Item

Description

Breakdown

Sector

Currency

Maturity

2B

Loans — other
participating Mem-
ber States

Non-MFIs

Other Member
State currencies

Item

3

Description

Further breakdown provided

Residence

Sector

Type

Currency

Maturity

Claims on euro area residents denominated in for-
eign currency

Other participating
Member States

Loans

Other Member
State currencies

2B

Loans — other
participating Mem-
ber States

Non-MFIs

DKK

2B

Loans — other
participating Mem-
ber States

Non-MFIs

SEK

2B

Loans — other
participating Mem-
ber States

Non-MFIs

GBP

11

Other assets

Other participating
Member States

Non-MFIs

Loans

Other Member
State currencies

3

Claims on euro area residents denominated in for-
eign currency

Other participating
Member States

Loans

DKK

11

Other assets

Other participating
Member States

Non-MFIs

Loans

3

Claims on euro area residents denominated in for-
eign currency

Other participating
Member States

Loans

11

Other assets

Other participating
Member States

Non-MFIs

Loans

3

Claims on euro area residents denominated in for-
eign currency

Other participating
Member States

Loans

11

Other assets

Other participating
Member States

Non-MFIs

Loans

DKK

SEK

SEK

GBP

GBP

2B

Loans — other
participating Mem-
ber States

Non-MFIs

Other currencies
total

3

Claims on euro area residents denominated in for-
eign currency

Other participating
Member States

Loans

Other currencies
total

2B

Loans — other
participating Mem-
ber States

Non-MFIs

USD

11

Other assets

Other participating
Member States

Non-MFIs

Loans

Other currencies
total

3

Claims on euro area residents denominated in for-
eign currency

Other participating
Member States

Loans

USD

11

Other assets

Other participating
Member States

Non-MFIs

Loans

USD

2B

Loans — other
participating Mem-
ber States

Non-MFIs

JPY

3

Claims on euro area residents denominated in for-
eign currency

Other participating
Member States

Loans

11

Other assets

Other participating
Member States

Non-MFIs

Loans

JPY

JPY

L

3
4
1
/
9
0

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

ASSETS
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 4

Accounting balance sheet format

Item

Description

Breakdown

Sector

Currency

Maturity

2B

Loans — other
participating Mem-
ber States

Non-MFIs

CHF

Item

3

Description

Further breakdown provided

Residence

Sector

Type

Currency

Maturity

Claims on euro area residents denominated in for-
eign currency

Other participating
Member States

Loans

CHF

11

Other assets

Other participating
Member States

Non-MFIs

Loans

CHF

2B

Loans — other
participating Mem-
ber States

Non-MFIs

Remaining curren-
cies combined

3

Claims on euro area residents denominated in for-
eign currency

Other participating
Member States

Loans

Remaining curren-
cies combined

11

Other assets

Other participating
Member States

Non-MFIs

Loans

Remaining curren-
cies combined

2C

Loans — rest of
the world

Euro

Up to 1 year

4,1

Claims on non-euro area residents denominated in
euro — balances with banks, security investments
and loans

Loans

Up to 1 year

2C

Loans — rest of
the world

Other Member
State currencies

Up to 1 year

2C

Loans — rest of
the world

DKK

Up to 1 year

4,2

Claims on non-euro area residents denominated in
euro — claims arising from the credit facility under
ERM II

11

Other assets

Rest of the world

2,1

2,2

Claims on non-euro area residents denominated in
foreign currency — receivables from the IMF

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

11

Other assets

Rest of the world

2,1

2,2

Claims on non-euro area residents denominated in
foreign currency — receivables from the IMF

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

11

Other assets

Rest of the world

Loans

Loans

Loans

Loans

Loans

Loans

Loans

Euro

Up to 1 year

Other Member
State currencies

Other Member
State currencies

Up to 1 year

Other Member
State currencies

Up to 1 year

Other Member
State currencies

Other Member
State currencies

Up to 1 year

Other Member
State currencies

Up to 1 year

.

2
7
1
2
2
0
0
7

.

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
9
1

ASSETS
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 4

Accounting balance sheet format

Residence

Sector

Type

Currency

Maturity

Further breakdown provided

Item

Description

2C

Loans — rest of
the world

Breakdown

Sector

Currency

Maturity

SEK

Up to 1 year

Item

2,1

2,2

Description

Claims on non-euro area residents denominated in
foreign currency — receivables from the IMF

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

2C

Loans — rest of
the world

GBP

Up to 1 year

2C

Loans — rest of
the world

Other currencies
total

Up to 1 year

2C

Loans — rest of
the world

USD

Up to 1 year

11

Other assets

Rest of the world

2,1

2,2

Claims on non-euro area residents denominated in
foreign currency — receivables from the IMF

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

11

Other assets

Rest of the world

2,1

2,2

Claims on non-euro area residents denominated in
foreign currency — receivables from the IMF

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

11

Other assets

Rest of the world

2,1

2,2

Claims on non-euro area residents denominated in
foreign currency — receivables from the IMF

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

11

Other assets

Rest of the world

Loans

L

3
4
1
/
9
2

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

Loans

Loans

Loans

Loans

Loans

Loans

Loans

Loans

Loans

Loans

Loans

Other Member
State currencies

Other Member
State currencies

Up to 1 year

Other Member
State currencies

Up to 1 year

Other Member
State currencies

Other Member
State currencies

Up to 1 year

Other Member
State currencies

Up to 1 year

Other Member
State currencies

Other Member
State currencies

Up to 1 year

Other Member
State currencies

Up to 1 year

Other Member
State currencies

Other Member
State currencies

Up to 1 year

Other Member
State currencies

Up to 1 year

ASSETS
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 4

Accounting balance sheet format

Residence

Sector

Type

Currency

Maturity

Further breakdown provided

Item

Description

2C

Loans — rest of
the world

Breakdown

Sector

Currency

Maturity

JPY

Up to 1 year

Item

2,1

2,2

Description

Claims on non-euro area residents denominated in
foreign currency — receivables from the IMF

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

2C

Loans — rest of
the world

CHF

Up to 1 year

2C

Loans — rest of
the world

Remaining curren-
cies combined

Up to 1 year

11

Other assets

Rest of the world

2,1

2,2

Claims on non-euro area residents denominated in
foreign currency — receivables from the IMF

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

11

Other assets

Rest of the world

2,1

2,2

Claims on non-euro area residents denominated in
foreign currency — receivables from the IMF

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

11

Other assets

Rest of the world

2C

Loans — rest of
the world

Euro

Over 1 year

4,1

Claims on non-euro area residents denominated in
euro — balances with banks, security investments
and loans

2C

Loans — rest of
the world

Other Member
State currencies

Over 1 year

2,2

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

11

Other assets

rest of the world

11

Other assets

Rest of the world

.

2
7
1
2
2
0
0
7

.

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
9
3

Loans

Loans

Loans

Loans

Loans

Loans

Loans

Loans

Loans

Loans

Loans

Loans

Loans

Other Member
State currencies

Other Member
State currencies

Up to 1 year

Other Member
State currencies

Up to 1 year

Other Member
State currencies

Other Member
State currencies

Up to 1 year

Other Member
State currencies

Up to 1 year

Other Member
State currencies

Other Member
State currencies

Up to 1 year

Other Member
State currencies

Up to 1 year

Over 1 year

Euro

Over 1 year

Other Member
State currencies

Over 1 year

Other Member
State currencies

Over 1 year

ASSETS
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 4

Accounting balance sheet format

Item

Description

2C

Loans — rest of
the world

Breakdown

Sector

Currency

Maturity

DKK

Over 1 year

Item

2,2

Description

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

Further breakdown provided

Residence

Sector

Type

Currency

Maturity

Loans

DKK

Over 1 year

11

Other assets

Rest of the world

2C

Loans — rest of
the world

SEK

Over 1 year

2,2

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

11

Other assets

Rest of the world

2C

Loans — rest of
the world

GBP

Over 1 year

2,2

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

11

Other assets

Rest of the world

2C

Loans — rest of
the world

Other currencies
total

Over 1 year

2,2

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

11

Other assets

Rest of the world

2C

Loans — rest of
the world

USD

Over 1 year

2,2

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

2C

Loans — rest of
the world

JPY

Over 1 year

2,2

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

11

Other assets

Rest of the world

11

Other assets

Rest of the world

2C

Loans — rest of
the world

CHF

Over 1 year

2,2

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

Loans

Loans

Loans

Loans

Loans

Loans

Loans

DKK

SEK

SEK

GBP

GBP

Over 1 year

Over 1 year

Over 1 year

Over 1 year

Over 1 year

Other currencies
total

Over 1 year

Other currencies
total

Over 1 year

Loans

USD

Over 1 year

Loans

Loans

Loans

Loans

USD

JPY

JPY

CHF

Over 1 year

Over 1 year

Over 1 year

Over 1 year

11

Other assets

Rest of the world

Loans

CHF

Over 1 year

L

3
4
1
/
9
4

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

ASSETS
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 4

Accounting balance sheet format

Item

Description

Breakdown

Sector

Currency

Maturity

2C

Loans — rest of
the world

Remaining curren-
cies combined

Over 1 year

Item

2,2

Description

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

Residence

Sector

Type

Currency

Maturity

Further breakdown provided

Loans

Loans

Remaining curren-
cies combined

Over 1 year

Remaining curren-
cies combined

Over 1 year

2C

Loans — rest of
the world

Banks

All currencies
combined

2C

Loans — rest of
the world

Banks

Euro

11

Other assets

Rest of the world

2,2

4,1

4,2

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

Claims on non-euro area residents denominated in
euro — balances with banks, security investments
and loans

Banks

Loans

Banks

Loans

Claims on non-euro area residents denominated in
euro — claims arising from the credit facility under
ERM II

Banks

11

Other assets

Rest of the world

Banks

4,1

4,2

Claims on non-euro area residents denominated in
euro — balances with banks, security investments
and loans

Claims on non-euro area residents denominated in
euro — claims arising from the credit facility under
ERM II

Banks

Banks

11

Other assets

Rest of the world

Banks

Loans

Loans

Loans

Loans

11

Other assets

Rest of the world

Banks

Loans

Euro

Other Member
State currencies

Other Member
State currencies

2C

Loans — rest of
the world

Banks

Other Member
State currencies

2,2

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

Banks

2C

Loans — rest of
the world

Banks

DKK

2,2

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

Banks

Loans

DKK

11

Other assets

Rest of the world

Banks

Loans

DKK

.

2
7
1
2
2
0
0
7

.

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
9
5

ASSETS
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 4

Accounting balance sheet format

Item

Description

Breakdown

Sector

Currency

Maturity

2C

Loans — rest of
the world

Banks

SEK

Item

2,2

Description

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

Further breakdown provided

Residence

Sector

Type

Currency

Maturity

Banks

Loans

SEK

11

Other assets

Rest of the world

Banks

2C

Loans — rest of
the world

Banks

GBP

2,2

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

Banks

11

Other assets

Rest of the world

Banks

2C

Loans — rest of
the world

Banks

Other currencies
total

2,2

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

Banks

Loans

Loans

Loans

Loans

11

Other assets

Rest of the world

Banks

Loans

SEK

GBP

GBP

Other currencies
total

Other currencies
total

2C

Loans — rest of
the world

Banks

USD

2,2

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

Banks

Loans

USD

11

Other assets

Rest of the world

Banks

2C

Loans — rest of
the world

Banks

JPY

2,2

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

Banks

11

Other assets

Rest of the world

Banks

2C

Loans — rest of
the world

Banks

CHF

2,2

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

Banks

2C

Loans — rest of
the world

Banks

Remaining curren-
cies combined

2,2

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

Banks

11

Other assets

Rest of the world

Banks

Loans

Loans

Loans

Loans

Loans

Loans

11

Other assets

Rest of the world

Banks

Loans

USD

JPY

JPY

CHF

CHF

Remaining curren-
cies combined

Remaining curren-
cies combined

L

3
4
1
/
9
6

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

ASSETS
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 4

Accounting balance sheet format

Item

Description

Breakdown

Sector

Currency

Maturity

2C

Loans — rest of
the world

Non-banks

All currencies com-
bined

Item

2,1

2,2

4,1

Description

Claims on non-euro area residents denominated in
foreign currency — receivables from the IMF

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

Claims on non-euro area residents denominated in
euro — balances with banks, security investments
and loans

Residence

Sector

Type

Currency

Maturity

Further breakdown provided

Non-banks

Loans

Non-banks

Loans

Non-banks

Loans

2C

Loans — rest of
the world

Non-banks

Euro

11

Other assets

Rest of the world

Non-banks

4,1

Claims on non-euro area residents denominated in
euro — balances with banks, security investments
and loans

Non-banks

11

Other assets

Rest of the world

Non-banks

2C

Loans — rest of
the world

Non-banks

Other Member
State currencies

2,1

2,2

Claims on non-euro area residents denominated in
foreign currency — receivables from the IMF

Non-banks

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

Non-banks

Loans

2C

Loans — rest of
the world

Non-banks

DKK

11

Other assets

Rest of the world

Non-banks

Loans

2,1

2,2

Claims on non-euro area residents denominated in
foreign currency — receivables from the IMF

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

Non-banks

Loans

Non-banks

Loans

2C

Loans — rest of
the world

Non-banks

SEK

2,1

2,2

11

Other assets

Rest of the world

Non-banks

Claims on non-euro area residents denominated in
foreign currency — receivables from the IMF

Non-banks

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

Non-banks

Loans

11

Other assets

Rest of the world

Non-banks

Loans

SEK

Loans

Loans

Loans

Loans

Loans

Loans

Euro

Other Member
State currencies

Other Member
State currencies

Other Member
State currencies

DKK

DKK

DKK

SEK

SEK

.

2
7
1
2
2
0
0
7

.

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
9
7

Description

Further breakdown provided

Residence

Sector

Type

Currency

Maturity

ASSETS
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 4

Accounting balance sheet format

Item

Description

Breakdown

Sector

Currency

Maturity

2C

Loans — rest of
the world

Non-banks

GBP

Item

2,1

2,2

2C

Loans — rest of
the world

Non-banks

Other currencies
total

2,1

2,2

Claims on non-euro area residents denominated in
foreign currency — receivables from the IMF

Non-banks

Loans

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

Non-banks

Loans

11

Other assets

Rest of the world

Non-banks

Claims on non-euro area residents denominated in
foreign currency — receivables from the IMF

Non-banks

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

Non-banks

Loans

2C

Loans — rest of
the world

Non-banks

USD

11

Other assets

Rest of the world

Non-banks

Loans

2,1

2,2

Claims on non-euro area residents denominated in
foreign currency — receivables from the IMF

Non-banks

Loans

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

Non-banks

Loans

2C

Loans — rest of
the world

Non-banks

JPY

2,1

2,2

2C

Loans — rest of
the world

Non-banks

CHF

2,1

2,2

11

Other assets

Rest of the world

Non-banks

Claims on non-euro area residents denominated in
foreign currency — receivables from the IMF

Non-banks

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

Non-banks

Loans

11

Other assets

Rest of the world

Non-banks

Claims on non-euro area residents denominated in
foreign currency — receivables from the IMF

Non-banks

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

Non-banks

Loans

Loans

Loans

Loans

Loans

Loans

Loans

GBP

GBP

GBP

Other currencies
total

Other currencies
total

Other currencies
total

USD

USD

USD

JPY

JPY

JPY

CHF

CHF

11

Other assets

Rest of the world

Non-banks

Loans

CHF

L

3
4
1
/
9
8

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

ASSETS
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 4

Accounting balance sheet format

Item

Description

Breakdown

Sector

Currency

Maturity

2C

Loans — rest of
the world

Non-banks

Remaining curren-
cies combined

Item

2,1

2,2

Description

Claims on non-euro area residents denominated in
foreign currency — receivables from the IMF

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

Residence

Sector

Type

Currency

Maturity

Further breakdown provided

Non-banks

Loans

Non-banks

Loans

Remaining curren-
cies combined

Remaining curren-
cies combined

Remaining curren-
cies combined

11

Other assets

Rest of the world

Non-banks

Loans

3A

Securities other
than shares —
domestic

MFIs

Other Member
State currencies

3

Claims on euro area residents denominated in for-
eign currency

Domestic

Securities other
than shares

Other Member
State currencies

11

Other assets

Domestic

MFIs

Securities other
than shares

Other Member
State currencies

3A

Securities other
than shares —
domestic

MFIs

DKK

3

Claims on euro area residents denominated in for-
eign currency

Domestic

11

Other assets

Domestic

MFIs

3A

Securities other
than shares —
domestic

MFIs

SEK

3

Claims on euro area residents denominated in for-
eign currency

Domestic

11

Other assets

Domestic

MFIs

3A

Securities other
than shares —
domestic

MFIs

GBP

3

Claims on euro area residents denominated in for-
eign currency

Domestic

11

Other assets

Domestic

MFIs

Securities other
than shares

Securities other
than shares

Securities other
than shares

Securities other
than shares

Securities other
than shares

Securities other
than shares

DKK

DKK

SEK

SEK

GBP

GBP

3A

Securities other
than shares —
domestic

MFIs

Other currencies
total

3

Claims on euro area residents denominated in for-
eign currency

Domestic

Securities other
than shares

Other currencies
total

11

Other assets

Domestic

MFIs

Securities other
than shares

Other currencies
total

3A

Securities other
than shares —
domestic

MFIs

USD

3

Claims on euro area residents denominated in for-
eign currency

Domestic

11

Other assets

Domestic

MFIs

Securities other
than shares

Securities other
than shares

USD

USD

.

2
7
1
2
2
0
0
7

.

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
9
9

ASSETS
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 4

Accounting balance sheet format

Item

Description

Breakdown

Sector

Currency

Maturity

Description

Further breakdown provided

Residence

Sector

Type

Currency

Maturity

Securities other
than shares —
domestic

MFIs

JPY

Securities other
than shares —
domestic

MFIs

CHF

Item

3

Claims on euro area residents denominated in for-
eign currency

Domestic

11

Other assets

Domestic

MFIs

3

Claims on euro area residents denominated in for-
eign currency

Domestic

11

Other assets

Domestic

MFIs

Securities other
than shares

Securities other
than shares

Securities other
than shares

Securities other
than shares

JPY

JPY

CHF

CHF

Securities other
than shares —
domestic

MFIs

Remaining curren-
cies combined

3

Claims on euro area residents denominated in for-
eign currency

Domestic

Securities other
than shares

Remaining curren-
cies combined

Securities other
than shares —
domestic

Non-MFIs

Other Member
State currencies

3

Claims on euro area residents denominated in for-
eign currency

Domestic

11

Other assets

Domestic

MFIs

Securities other
than shares —
domestic

Non-MFIs

DKK

Securities other
than shares —
domestic

Non-MFIs

SEK

Securities other
than shares —
domestic

Non-MFIs

GBP

11

Other assets

Domestic

Non-MFIs

3

Claims on euro area residents denominated in for-
eign currency

Domestic

11

Other assets

Domestic

Non-MFIs

3

Claims on euro area residents denominated in for-
eign currency

Domestic

11

Other assets

Domestic

Non-MFIs

3

Claims on euro area residents denominated in for-
eign currency

Domestic

11

Other assets

Domestic

Non-MFIs

Securities other
than shares

Remaining curren-
cies combined

Securities other
than shares

Other Member
State currencies

Securities other
than shares

Other Member
State currencies

Securities other
than shares

Securities other
than shares

Securities other
than shares

Securities other
than shares

Securities other
than shares

Securities other
than shares

DKK

DKK

SEK

SEK

GBP

GBP

Securities other
than shares —
domestic

Non-MFIs

Other currencies
total

3

Claims on euro area residents denominated in for-
eign currency

Domestic

Securities other
than shares

Other currencies
total

11

Other assets

Domestic

Non-MFIs

Securities other
than shares

Other currencies
total

3A

3A

3A

3A

3A

3A

3A

3A

L

3
4
1
/
1
0
0

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

ASSETS
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 4

Accounting balance sheet format

Item

Description

3A

Securities other
than shares —
domestic

Breakdown

Sector

Currency

Maturity

Non-MFIs

USD

Item

3

Description

Further breakdown provided

Residence

Sector

Type

Currency

Maturity

Claims on euro area residents denominated in for-
eign currency

Domestic

Securities other
than shares

USD

11

Other assets

Domestic

Non-MFIs

3A

Securities other
than shares —
domestic

Non-MFIs

JPY

3

Claims on euro area residents denominated in for-
eign currency

Domestic

11

Other assets

Domestic

Non-MFIs

3A

Securities other
than shares —
domestic

Non-MFIs

CHF

3

Claims on euro area residents denominated in for-
eign currency

Domestic

11

Other assets

Domestic

Non-MFIs

Securities other
than shares

USD

Securities other
than shares

Securities other
than shares

JPY

JPY

Securities other
than shares

CHF

Securities other
than shares

CHF

3A

Securities other
than shares —
domestic

Non-MFIs

Remaining curren-
cies combined

3

Claims on euro area residents denominated in for-
eign currency

Domestic

Securities other
than shares

Remaining curren-
cies combined

3B

3B

11

Other assets

Domestic

Non-MFIs

Securities other
than shares

Remaining curren-
cies combined

MFIs

Securities other
than shares —
other participating
Member States

Other Member
State currencies

3

Claims on euro area residents denominated in for-
eign currency

Other participating
Member States

Securities other
than shares

Other Member
State currencies

MFIs

DKK

Securities other
than shares —
other participating
Member States

11

Other assets

Other participating
Member States

MFIs

Securities other
than shares

Other Member
State currencies

3

Claims on euro area residents denominated in for-
eign currency

Other participating
Member States

Securities other
than shares

DKK

11

Other assets

Other participating
Member States

MFIs

Securities other
than shares

DKK

.

2
7
1
2
2
0
0
7

.

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
1
0
1

ASSETS
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 4

Accounting balance sheet format

Breakdown

Sector

Currency

Maturity

MFIs

SEK

Item

3

Item

Description

3B

Securities other
than shares —
other participating
Member States

Description

Further breakdown provided

Residence

Sector

Type

Currency

Maturity

Claims on euro area residents denominated in for-
eign currency

Other participating
Member States

Securities other
than shares

SEK

3B

Securities other
than shares —
other participating
Member States

MFIs

GBP

11

Other assets

Other participating
Member States

MFIs

Securities other
than shares

SEK

3

Claims on euro area residents denominated in for-
eign currency

Other participating
Member States

Securities other
than shares

GBP

11

Other assets

Other participating
Member States

MFIs

Securities other
than shares

GBP

3B

MFIs

Securities other
than shares —
other participating
Member States

Other currencies
total

3

Claims on euro area residents denominated in for-
eign currency

Other participating
Member States

Securities other
than shares

Other currencies
total

3B

Securities other
than shares —
other participating
Member States

MFIs

USD

3B

Securities other
than shares —
other participating
Member States

MFIs

JPY

11

Other assets

Other participating
Member States

MFIs

Securities other
than shares

Other currencies
total

3

Claims on euro area residents denominated in for-
eign currency

Other participating
Member States

Securities other
than shares

USD

11

Other assets

Other participating
Member States

MFIs

Securities other
than shares

USD

3

Claims on euro area residents denominated in for-
eign currency

Other participating
Member States

Securities other
than shares

JPY

11

Other assets

Other participating
Member States

MFIs

Securities other
than shares

JPY

L

3
4
1
/
1
0
2

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

ASSETS
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 4

Accounting balance sheet format

Breakdown

Sector

Currency

Maturity

MFIs

CHF

Item

3

Item

Description

3B

Securities other
than shares —
other participating
Member States

Description

Further breakdown provided

Residence

Sector

Type

Currency

Maturity

Claims on euro area residents denominated in for-
eign currency

Other participating
Member States

Securities other
than shares

CHF

11

Other assets

Other participating
Member States

MFIs

Securities other
than shares

CHF

3B

MFIs

Securities other
than shares —
other participating
Member States

Remaining curren-
cies combined

3

Claims on euro area residents denominated in for-
eign currency

Other participating
Member States

Securities other
than shares

Remaining curren-
cies combined

11

Other assets

Other participating
Member States

MFIs

Securities other
than shares

Remaining curren-
cies combined

3B

Securities other
than shares —
other participating
Member States

Non-MFIs

Other Member
State currencies

3

Claims on euro area residents denominated in for-
eign currency

Other participating
Member States

Securities other
than shares

Other Member
State currencies

3B

Securities other
than shares —
other participating
Member States

Non-MFIs

DKK

3B

Securities other
than shares —
other participating
Member States

Non-MFIs

SEK

11

Other assets

Other participating
Member States

Non-MFIs

Securities other
than shares

Other Member
State currencies

3

Claims on euro area residents denominated in for-
eign currency

Other participating
Member States

Securities other
than shares

DKK

11

Other assets

Other participating
Member States

Non-MFIs

Securities other
than shares

DKK

3

Claims on euro area residents denominated in for-
eign currency

Other participating
Member States

Securities other
than shares

SEK

11

Other assets

Other participating
Member States

Non-MFIs

Securities other
than shares

SEK

.

2
7
1
2
2
0
0
7

.

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
1
0
3

ASSETS
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 4

Accounting balance sheet format

Item

Description

3B

Securities other
than shares —
other participating
Member States

3B

Securities other
than shares —
other participating
Member States

Breakdown

Sector

Currency

Maturity

Non-MFIs

GBP

Item

3

Description

Further breakdown provided

Residence

Sector

Type

Currency

Maturity

Claims on euro area residents denominated in for-
eign currency

Other participating
Member States

Securities other
than shares

GBP

11

Other assets

Other participating
Member States

Non-MFIs

Securities other
than shares

GBP

Non-MFIs

Other currencies
total

3

Claims on euro area residents denominated in for-
eign currency

Other participating
Member States

Securities other
than shares

Other currencies
total

3B

Securities other
than shares —
other participating
Member States

Non-MFIs

USD

3B

Securities other
than shares —
other participating
Member States

Non-MFIs

JPY

3B

Securities other
than shares —
other participating
Member States

Non-MFIs

CHF

11

Other assets

Other participating
Member States

Non-MFIs

Securities other
than shares

Other currencies
total

3

Claims on euro area residents denominated in for-
eign currency

Other participating
Member States

Securities other
than shares

USD

11

Other assets

Other participating
Member States

Non-MFIs

Securities other
than shares

USD

3

Claims on euro area residents denominated in for-
eign currency

Other participating
Member States

Securities other
than shares

JPY

11

Other assets

Other participating
Member States

Non-MFIs

Securities other
than shares

JPY

3

Claims on euro area residents denominated in for-
eign currency

Other participating
Member States

Securities other
than shares

CHF

11

Other assets

Other participating
Member States

Non-MFIs

Securities other
than shares

CHF

L

3
4
1
/
1
0
4

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

ASSETS
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 4

Accounting balance sheet format

Item

Description

3B

Securities other
than shares —
other participating
Member States

Breakdown

Sector

Currency

Maturity

Non-MFIs

Remaining curren-
cies combined

Item

3

Description

Further breakdown provided

Residence

Sector

Type

Currency

Maturity

Claims on euro area residents denominated in for-
eign currency

Other participating
Member States

Securities other
than shares

Remaining curren-
cies combined

11

Other assets

Other participating
Member States

Non-MFIs

Securities other
than shares

Remaining curren-
cies combined

3C

Securities other
than shares — rest
of the world

Banks

All currencies com-
bined

2,2

4,1

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

Claims on non-euro area residents denominated in
euro — balances with banks, security investments
and loans

Banks

Banks

11

Other assets

Rest of the world

Banks

3C

Securities other
than shares — rest
of the world

Banks

Euro

4,1

Claims on non-euro area residents denominated in
euro — balances with banks, security investments
and loans

Banks

Securities other
than shares

Securities other
than shares

Securities other
than shares

Securities other
than shares

11

Other assets

Rest of the world

Banks

Securities other
than shares

Euro

3C

Securities other
than shares — rest
of the world

Banks

Other Member
State currencies

2,2

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

Banks

Securities other
than shares

Other Member
State currencies

11

Other assets

Rest of the world

Banks

Securities other
than shares

Other Member
State currencies

3C

Securities other
than shares — rest
of the world

Banks

DKK

2,2

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

Banks

Securities other
than shares

DKK

11

Other assets

Rest of the world

Banks

3C

Securities other
than shares — rest
of the world

Banks

SEK

2,2

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

Banks

11

Other assets

Rest of the world

Banks

Securities other
than shares

Securities other
than shares

DKK

SEK

Securities other
than shares

SEK

.

2
7
1
2
2
0
0
7

.

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
1
0
5

ASSETS
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 4

Accounting balance sheet format

Item

Description

Breakdown

Sector

Currency

Maturity

3C

Securities other
than shares — rest
of the world

Banks

GBP

Item

2,2

Description

Further breakdown provided

Residence

Sector

Type

Currency

Maturity

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

Banks

Securities other
than shares

GBP

11

Other assets

Rest of the world

Banks

Securities other
than shares

GBP

3C

Securities other
than shares — rest
of the world

Banks

Other currencies
total

2,2

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

Banks

Securities other
than shares

Other currencies
total

11

Other assets

Rest of the world

Banks

Securities other
than shares

Other currencies
total

3C

Securities other
than shares — rest
of the world

Banks

USD

2,2

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

Banks

Securities other
than shares

USD

11

Other assets

Rest of the world

Banks

Securities other
than shares

USD

3C

Securities other
than shares — rest
of the world

Banks

JPY

2,2

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

Banks

Securities other
than shares

11

Other assets

Rest of the world

Banks

Securities other
than shares

JPY

JPY

3C

Securities other
than shares — rest
of the world

Banks

CHF

2,2

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

Banks

Securities other
than shares

CHF

11

Other assets

Rest of the world

Banks

Securities other
than shares

CHF

3C

Securities other
than shares — rest
of the world

Banks

Remaining curren-
cies combined

2,2

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

Banks

Securities other
than shares

Remaining curren-
cies combined

11

Other assets

Rest of the world

Banks

Securities other
than shares

Remaining curren-
cies combined

L

3
4
1
/
1
0
6

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

ASSETS
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 4

Accounting balance sheet format

Item

Description

Breakdown

Sector

Currency

Maturity

3C

Securities other
than shares — rest
of the world

Non-banks

All currencies
combined

Item

2,2

4,1

Description

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

Claims on non-euro area residents denominated in
euro — balances with banks, security investments
and loans

Residence

Sector

Type

Currency

Maturity

Further breakdown provided

Non-banks

Securities other
than shares

Non-banks

Securities other
than shares

3C

Securities other
than shares — rest
of the world

Non-banks

Euro

4,1

Claims on non-euro area residents denominated in
euro — balances with banks, security investments
and loans

Non-banks

11

Other assets

Rest of the world

Non-banks

Securities other
than shares

Securities other
than shares

11

Other assets

Rest of the world

Non-banks

Securities other
than shares

Euro

3C

Securities other
than shares — rest
of the world

Non-banks

Other Member
State currencies

2,2

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

Non-banks

Securities other
than shares

Other Member
State currencies

11

Other assets

Rest of the world

Non-banks

Securities other
than shares

Other Member
State currencies

3C

Securities other
than shares — rest
of the world

Non-banks

DKK

2,2

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

Non-banks

Securities other
than shares

DKK

11

Other assets

Rest of the world

Non-banks

3C

Securities other
than shares — rest
of the world

Non-banks

SEK

2,2

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

Non-banks

11

Other assets

Rest of the world

Non-banks

3C

Securities other
than shares — rest
of the world

Non-banks

GBP

2,2

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

Non-banks

11

Other assets

Rest of the world

Non-banks

Securities other
than shares

Securities other
than shares

Securities other
than shares

Securities other
than shares

Securities other
than shares

DKK

SEK

SEK

GBP

GBP

.

2
7
1
2
2
0
0
7

.

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
1
0
7

ASSETS
Stocks

Bridging table. Item-by-item correspondence

Regulation ECB/2001/13 — Annex 1 — Table 4

Accounting balance sheet format

Item

Description

Breakdown

Sector

Currency

Maturity

Securities other
than shares — rest
of the world

Non-banks

Other currencies
total

Securities other
than shares — rest
of the world

Non-banks

USD

Securities other
than shares — rest
of the world

Non-banks

JPY

Securities other
than shares — rest
of the world

Non-banks

CHF

3C

3C

3C

3C

3C

Item

2,2

Description

Further breakdown provided

Residence

Sector

Type

Currency

Maturity

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

Non-banks

Securities other
than shares

Other currencies
total

11

Other assets

Rest of the world

Non-banks

Securities other
than shares

Other currencies
total

2,2

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

Non-banks

11

Other assets

Rest of the world

Non-banks

2,2

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

Non-banks

11

Other assets

Rest of the world

Non-banks

2,2

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

Non-banks

11

Other assets

Rest of the world

Non-banks

Securities other
than shares

Securities other
than shares

Securities other
than shares

Securities other
than shares

Securities other
than shares

Securities other
than shares

USD

USD

JPY

JPY

CHF

CHF

Securities other
than shares — rest
of the world

Non-banks

Remaining curren-
cies combined

2,2

Claims on non-euro area residents denominated in
foreign currency — balances with banks and security
investments, external loans and other external assets

Non-banks

Securities other
than shares

Remaining curren-
cies combined

11

Other assets

Rest of the world

Non-banks

Securities other
than shares

Remaining curren-
cies combined

L

3
4
1
/
1
0
8

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

27.12.2007

EN

Official Journal of the European Union

L 341/109

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

ANNEX II

PART 1

Description of the checks

Check No

Statistical item
NCB/ECB balance
sheet

LIABILI-
TIES

1

Currency in circu-
lation

>=

Relationship

Accounting item

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

>=<

>=<

3

Deposits of euro
area residents, of
which monetary
financial institu-
tions (MFIs)

Liabilities to euro area credit
institutions in euro + other
liabilities to euro area credit
institutions in euro + liabili-
ties to other euro area resi-
dents in euro + liabilities to
euro area residents in foreign
currency

Liabilities to euro area credit
institutions in euro + other
liabilities to euro area credit
institutions in euro

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 aggre-
gated level, whereas they are
excluded from the accounting
items (1). However, the relation-
ship may be different as the
accounting items include the intra-
Eurosystem positions representing
the counterpart to the euro ban-
knote adjustments which are
recorded under ‘remaining
assets/liabilities’ for statistical pur-
poses, and as balances in foreign
currency are revalued at a different
frequency (quarterly as regards the
accounting data, monthly as
regards the statistical data).

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 prin-
ciple, the statistical data should be
larger than the accounting data,
also because they include liabilities
to financial counterparties in for-
eign currency. However, the differ-
ent classification of the
counterpart to the euro banknotes
adjustments may reverse this rela-
tionship.

L 341/110

EN

Official Journal of the European Union

27.12.2007

Check No

4

5

6

Statistical item
NCB/ECB balance
sheet

Deposits of euro
area residents, of
which central gov-
ernment + other
general
government/other
euro area residents

Relationship

Accounting item

=<

The sum of the statistical catego-
ries should be smaller than the
sum of the accounting categories
due to the inclusion of liabilities to
credit institutions in foreign cur-
rency only in the accounting data.

Liabilities to other euro area
residents in euro + liabilities
to euro area residents in for-
eign currency

Debt securities
issued

=

The statistical category should
equal the accounting category.

Debt certificates issued

Capital and
reserves

>=

Capital and reserves +
revaluation accounts

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. More-
over, a difference arises as the
accounting balance sheet item
‘profits not yet allocated’ and some
of the item ‘provisions account’
are recorded as a subset of the
residual item in the accounting
data, but are part of ‘capital and
reserves’ in the statistical data.

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 + counter-
part of special drawing rights
allocated by the International
Monetary Fund

8

Remaining liabili-
ties

≈

Any difference between the statis-
tical category and the accounting
category might be explained by
the differences identified elsewhere
in the balance sheet.

Other liabilities

ASSETS

9

Loans to euro area
residents

>=

See Checks No 10 and 11.

Lending to euro area credit
institutions in euro + other
claims on euro area credit
institutions in euro + general
government debt in euro

27.12.2007

EN

Official Journal of the European Union

L 341/111

Check No

10

Statistical item
NCB/ECB balance
sheet

Loans to euro area
residents, of which
MFIs

>=

Relationship

Accounting item

Lending to euro area credit
institutions in euro + other
claims on euro area credit
institutions in euro

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.

11

12

13

>=

Loans to euro area
residents, of which
general govern-
ment

The statistical category is an all-
currency concept and may be
larger than the accounting cat-
egory, which refers to loans
denominated only in euro.

General government debt in
euro

>=

Holdings of securi-
ties other than
shares issued by
euro area residents

The statistical category should be
larger than the accounting cat-
egory because it includes holdings
of securities denominated in for-
eign currency and some other
securities holdings, which are clas-
sified under ‘other assets’ (for staff
pension funds, investment of own
capital, etc.) in accounting data.

Securities of euro area resi-
dents in euro

≈

See Check No 8

Other assets + claims on
euro area residents in foreign
currency

Loans to euro area
residents, of which
other euro area
residents + hold-
ings of shares/other
equity issued by
euro area residents
+ fixed assets +
remaining assets

14

External assets

>=

Gold and gold receivables +
claims on non-euro area
residents in foreign currency
+ claims on non-euro area
residents in euro

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 cat-
egory. The two values can also
differ due to different valuation
periodicity.

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

L 341/112

EN

Official Journal of the European Union

27.12.2007

PART 2

Template for the monthly simplified explanatory note on consistency checks

Name of the central bank: …

Consistency checks for the end-month: …

Statistical
value
A

Accounting
value
B

Difference
C

Outcome
of check
D (*)

Brief expla-
nation
E

1 – Currency in circulation

2 – Deposits of euro area residents

3 – Deposits of euro area residents o/w MFIs

4 – Deposits of euro area residents, o/w non-MFIs

5 – Debt securities issued

6 – Capital and reserves

7 – External liabilities

8 – Remaining liabilities

9 – Loans to euro area residents

10 – Loans to euro area residents o/w MFIs

11 – Loans to euro area residents o/w general gov-

ernment

12 – Holdings of securities other than shares issued

by euro area residents

13 – Residual assets

14 – External assets

(*) Please enter ‘OK’ if the linear relationship of the consistency check is satisfied. Otherwise, please enter ‘NO’.

PART 3

Annual comprehensive explanatory note on consistency checks

Central banks must report and explain 3 categories of discrepancies identified between statistical and accounting data: (i)
discrepancies due to revision; (ii) discrepancies due to different presentation and classification rules; and (iii) any other dis-
crepancies, including reporting errors.

For each of these categories, central banks must report and explain the following details:

— amounts;

— impact on past data series, if any;

— whether the discrepancy is due to a one-off revision or to regular revisions.

27.12.2007

EN

Official Journal of the European Union

L 341/113

ANNEX III

REPORTING SCHEMES

PART 1

Balance sheet item statistics on monetary financial institutions

All statistical returns must contain the amount of data specified in the relevant tables of Regulation ECB/2001/13 or this
Guideline, irrespective of the actual existence of the underlying phenomenon even when they are zero or missing. ‘NC’ must
be used to indicate that the phenomenon does not exist. However, if data do not exist for a whole sector in the memoran-
dum items, e.g central government series, national central banks (NCBs) may decide not to provide them.

Historical data and revisions to periods prior to January 2003 for monthly series according to Regulation ECB/2001/13 that
were reported with a quarterly frequency for the period prior to January 2003 according to Regulation ECB/1998/16, must
be sent as monthly series, as illustrated in the table below. Revisions to the quarterly series must be sent as monthly data
with reference to the last month of the quarter to which they refer, using the monthly series keys. Historical data prior to
January 2003 may be reported on a voluntary basis when available and flagged as appropriate through the use of the obser-
vation status and observation comment attributes (1). Historical data resulting from estimates may be sent as estimates and
appropriately flagged. In this case, a description of the methods of estimation must also be provided with the first data
transmission.

Series which changed timeliness. Revisions and historical data for periods prior to January 2003

Monthly series

Timeliness

Reported on a
quarterly

.basis prior to
January 2003

Q

M

Validity

Up to

As from

Dec 02 data

Reporting (*)

Revisions: reported using the monthly series keys
with reference to the last month of the quarter to
which the data refer

Jan 03 data

Historical data: reporting of monthly data subject
to their availability

(*) Revisions: revisions to data prior to January 2003 that were previously reported on a quarterly basis.

Historical data: monthly data for the period prior to January 2003 for which no specific requirement is made in Regulation ECB/2001/13.

(1) Values that are the result of estimates must be sent with an observation status (OBS_STATUS) attribute ‘E’, and with an observation com-

ment (OBS_COM) describing the details of the estimation procedure.

TABLE 1

Items for which monthly flow adjustments are required (*)

MFIs

Non-MFIs

MFIs

Non-MFIs

A. Domestic

B. Other participating Member States

General government

Other resident sectors

General government

Other resident sectors

BALANCE SHEET ITEMS

of which
credit
institutions
subject to
RRs (1),
ECB and
NCBs

Central
govern-
ment

Other
general
govern-
ment

Total

Other
financial
inter-
mediaries
+ financial
auxiliaries
(S.123
+S.124)

Insurance
corpora-
tions and
pension
funds
(S.125)

Non-
financial
corpora-
tions
(S.11)

House-
holds +
non-profit
institutions
serving
house-
holds
(S.14+
S.15)

of which
credit
institutions
subject to
RRs (1),
ECB and
NCBs

Central
govern-
ment

Other
general
govern-
ment

Total

Other
financial
inter-
mediaries
+ financial
auxiliaries
(S.123
+S.124)

Insurance
corpora-
tions and
pension
funds
(S.125)

Non-
financial
corpora-
tions
(S.11)

3

2

9

5

4

10

11

23
35
47

59
71

83

95

107
119
131

143
155

167

12

24
36
48

60
72

84

96

108
120
132

144
156

168

13

25
37
49

61
73

85

97

109
121
133

145
157

169

14

26
38
50

62
74

86

98

110
122
134

146
158

170

15

27
39
51

63
75

87

99

111
123
135

147
159

171

16

28
40
52

64
76

88

100

112
124
136

148
160

172

17

29
41
53

65
77

89

101

113
125
137

149
161

173

18

30
42
54

66
78

90

102

114
126
138

150
162

174

19

31
43
55

67
79

91

103

115
127
139

151
163

175

20

32
44
56

68
80

92

104

116
128
140

152
164

176

21

33
45
57

69
81

93

105

117
129
141

153
165

177

LIABILITIES
8 Currency in circulation
9 Deposits

up to 1 year
over 1 year

9e Euro
9.1e Overnight
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

Foreign currencies

9.4e Repos
9x
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 MMF shares/units
11 Debt securities issued
11e

Euro
up to 1 year
over 1 and up to 2 years
over 2 years
Foreign currencies
up to 1 year
over 1 and up to 2 years
over 2 years
12 Capital and reserves
13 Remaining liabilities

11x

House-
holds +
non-
profit
institu-
tions
serving
house-
holds
(S.14
+S.15)

22

34
46
58

70
82

94

106

118
130
142

154
166

178

C. Row

D. Not
allocated

1

6
7
8

179

180 #
181 #
182 #

183 #
184 #
185 #
186 #
187 #

L

3
4
1
/
1
1
4

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

A. Domestic

Non-MFIs

Other resident sectors

BALANCE SHEET ITEMS

MFIs

Gen-
eral
gover-
ment

Total

Other
financial
intermedi-
aries +
financial
auxiliaries
(S.123+
S.124)

Insurance
corpora-
tions and
pension
funds
(S.125)

Non-
financial
corpora-
tions
(S.11)

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

MFIs

Consumer
credit

Lending
for house
purchase

Other
(residual)

General
govern-
ment

Total

ASSETS

1 Cash

1e of which euro

B. Other participating Member States

Non-MFIs

Other resident sectors

Other
financial
intermedi-
aries +
financial
auxiliaries
(S.123
+S.124)

Insurance
corpora-
tions and
pension
funds
(S.125)

Non-
financial
corpora-
tions
(S.11)

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

C. RoW

D. Not
allocated

Consumer
credit

Lending
for
house
purchase

Other
(residual)

188

189

2 Loans

190 #

191 #

192 #

193 #

194 #

195 #

.

196 #

up to 1 year

197 #

198 #

199 #

200 #

201 #

202 #

203 #

204 #

205 #

206 #

207 #

208 #

209 #

over 1 and up to 5 years

210 #

211 #

212 #

213 #

214 #

215 #

216 #

217 #

218 #

219 #

220 #

221 #

over 5 years

223 #

224 #

225 #

226 #

227 #

228 #

229 #

230 #

231 #

232 #

233 #

234 #

2e of which euro

235 #

236 #

237 #

238 #

239 #

240 #

241 #

242 #

243 #

244 #

245 #

246 #

3 Securities other than shares

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 MMF shares/units

5 Shares and other equity

6 Fixed assets

7 Remaining assets

251 #

252 #

256 #

257 #

248 #

249 #

250 #

258 #

259 #

260 #

268

271 #

261 #

262 #

272 #

253 #

254 #

255 #

263 #

264 #

265 #

269

273 #

266 #

267 #

274 #

(1) Reserve requirements
(*)

Reclassification adjustments are to be transmitted to the ECB for all cells; revaluation adjustments only for the cells indicated with a #.

222 #

247 #

270

275 #

276 #

277 #

.

2
7
1
2
2
0
0
7

.

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
1
1
5

TABLE 2

Items for which quarterly flow adjustments are required (*)

A. Domestic

Non-MFIs

B. Other participating Member States

Non-MFIs

C. Rest of the world

Total

General government

Other resident sectors

General government

Other resident sectors

Banks

Non-banks

BALANCE SHEET ITEMS

Other general government

Total

Central
govern-
ment
(S.1311)

Total

State
govern-
ment
(S.1312)

Local
govern-
ment
(S.1313)

Social
security
funds
(S.1314)

Total

Other finan-
cial
intermediaries
+ financial
auxiliaries
(S.123
+S.124)

Insurance
corpora-
tions and
pension
funds
(S.125)

Non-
financial
corpora-
tions
(S.11)

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

Total

Central
govern-
ment
(S.1311)

Other general government

Total

State
govern-
ment
(S.1312)

Local
govern-
ment
(S.1313)

Social
security
funds
(S.1314)

Total

Other
financial
inter-
mediaries
+ financial
auxiliaries
(S.123
+S.124)

Insurance
corpora-
tions and
pension
funds
(S.125)

Non-
financial
corpora-
tions
(S.11)

House-
holds +
non-
profit
institu-
tions
serving
house-
holds
(S.14-
+S.15)

General
govern-
ment

Other
resident
sectors

278

279

280

281

282

287

288

293

299

294

300

283

289

295

301

284

285

286

290

291

292

296

302

297

303

298

304

305 #

310 #

311 #

312 #

316 #

317 #

318 #

322 #

323 #

324 #

306 #

329 #

313 # 314 #

315 #

319 # 320 #

321 #

325 # 326 #

327 #

307 #

308 #

309 #

330 #

331 #

332 #

333 #

334 #

335 #

336 #

337 # 338 #

339 #

340 # 341 #

342 #

343 #

344 #

345 # 346 #

347 #

348 #

349 #

350 #

351 # 352 #

353 #

354 # 355 #

356 #

357 #

358 #

359 # 360 #

361 #

362 # 363 #

364 #

365 #

366 #

(*) Reclassification adjustments are to be transmitted to the ECB for all cells; revaluation adjustments only for the cells indicated with a #.

LIABILITIES

8. Currency in circulation

9. Deposits

9.1. Overnight

9.2. With agreed

maturity

9.3. Redeemable at notice

9.4. Repos

10. MMF shares/units

11. Debt securities issued

12. Capital and reserves

13. Remaining liabilities

ASSETS

1. Cash

2.

Loans

up to 1 year

over 1 and up to
5 years

over 5 years

3.

Securities other than shares

328 #

up to 1 year

over 1 year

4. MMF shares/units

5.

6.

Shares and other equity

Fixed assets

7. Remaining assets

L

3
4
1
/
1
1
6

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

27.12.2007

EN

Official Journal of the European Union

L 341/117

PART 2

Statistics on e-money

Other monetary financial institutions (other MFIs) data (stocks)

A. Domestic

B. Other participating MS

Non-MFIs

Non-MFIs

MFIs

General
government

CG

Other
general
govern.

MFIs

Other
resident
sectors

General
government

CG

Other
general
govern.

Other
resident
sectors

C.
RoW

D. Not
allocated

LIABILITIES

9 Deposits (all currencies)

9e Euro

9.1e Overnight deposits

Of which, e- money

9.1.1e Hardware-based e-money

9.1.2e Software-based e-money

9x Foreign currencies

9.1x Overnight deposits

Of which, e-money

9.1.1x Hardware-based e-money

9.1.2x Software-based e-money

E1

E2

E3

E4

PART 3

Central government balance sheet statistics

Deposit liabilities and holdings of cash and securities

Adapted scheme using the reporting table of the monetary financial institutions (MFI) sector

TABLE 1

Central government data (stocks)

MFIs

Non-MFIs

MFIs

Non-MFIs

A. Domestic

B. Other participating Member States

General government

Other resident sectors

General government

Other resident sectors

of which
credit
institutions
subject to
RRs (3),
ECB and
NCBs

Central
govern-
ment

Other
general
govern-
ment

Total

Other
financial
inter-
mediaries +
financial
auxiliaries
(S.123
+S.124)

Insurance
corporations
and
pension
funds
(S.125)

Non-financial
corporations
(S.11)

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

of which
credit
institutions
subject to
RRs (3),
ECB and
NCBs

Central
govern-
ment

Other
general
govern-
ment

Total

Other
financial
inter-
mediaries +
financial
auxiliaries
(S.123
+S.124)

Insurance
corporations
and pension
funds
(S.125)

Non-
financial
corpora-
tions
(S.11)

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

C. Rest
of the
world

D. Not
allocated

L

3
4
1
/
1
1
8

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

BALANCE SHEET ITEMS

LIABILITIES

9 Deposits

9e Euro

9.1e Overnight

9.2e With agreed maturity

up to 1 year

over 1 and up to 2 years

9.3e Redeemable at notice

up to 3 months (1)

9.4e Repos

9x

Foreign currencies

9.1x Overnight

9.2x With agreed maturity

up to 1 year

over 1 and up to 2 years

9.3x Redeemable at notice

up to 3 months (1)

9.4x Repos

ASSETS

1 Cash

Euro

3 Securities other than shares (2)

up to 1 year

over 1 and up to 2 years

4 MMF shares/units

Including non-transferable sight savings deposits.
Issued by euro area MFIs.

(1)
(2)
(3) Reserve requirements.

TABLE 2

Central government data (flow adjustments)

Euro area

BALANCE SHEET ITEMS

MFIs

MFIs

Non-MFIs

MFIs

Non-MFIs

A. Domestic

B. Other participating Member States

General government

Other resident sectors

General government

Other resident sectors

of which
credit
institutions
subject to
RRs, ECB
and NCBs

Central
government

Other
general
government

Total

Other
financial
inter-
mediaries
+
financial
auxiliaries
(S.123
+S.124)

Insurance
corpora-
tions and
pension
funds
(S.125)

Non-financial
corporations
(S.11)

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

of which
credit
institutions
subject to
RRs, ECB
and NCBs

Central
government

Other
general
government

Total

Other
financial
intermediaries
+ financial
auxiliaries
(S.123
+S.124)

Insurance
corporations
and pension
funds
(S.125)

Non-financial
corporations
(S.11)

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

LIABILITIES

9 Deposits

9e Euro

9.1e Overnight

9.2e With agreed maturity

up to 1 year

over 1 and up to 2 years

9.3e Redeemable at notice

up to 3 months (1)

9.4e Repos

9x

Foreign currencies

9.1x Overnight

9.2x With agreed maturity

up to 1 year

over 1 and up to 2 years

9.3x Redeemable at notice

up to 3 months (1)

9.4x Repos

ASSETS

1 Cash

367

368

369

370

371

372

373

374

375

376

377

378

379

391

380

392

381

393

382

394

383

395

384

396

385

397

386

398

387

399

388

400

389

401

390

402

403

404

405

406

407

408

409

410

411

412

413

414

415

416

417

418

419

420

421

422

423

424

425

426

427

439

428

440

429

441

430

442

431

443

432

444

433

445

434

446

435

447

436

448

437

449

438

450

451

452

453

454

455

456

457

458

459

460

461

462

1e of which euro

463

3 Securities other than shares (1)

up to 1 year

over 1 and up to 2 years

4 MMF shares/units (1)

464 #

465 #

468 #

Reclassification adjustments must be transmitted to the ECB for all cells; revaluation adjustments only for the cells indicated with a #.
Price revaluation adjustment is also provided.

(1)

466 #

467 #

469 #

.

2
7
1
2
2
0
0
7

.

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
1
1
9

L 341/120

EN

Official Journal of the European Union

27.12.2007

PART 4

Memorandum items

Section 1: Monthly memorandum items for the derivation and assessment of the monetary aggregates and

counterparts

TABLE 1

ECB/NCBs’ data (stocks)

Domestic

Other
participating
Member States

Rest of the
world

Not allocated

LIABILITIES

8 Currency in circulation

Of which banknotes

— Euro banknotes

— National denomination banknotes

Of which coins

— Coins denominated in euro

— Coins in national denominations

11 Debt securities issued

Up to 1 year

14 Remaining liabilities of which

accruals on deposits

transit items

suspense items

financial derivatives

M6

M7

M8

intra-Eurosystem liabilities related to the allo-
cation of euro banknotes

M13

ASSETS

7 Remaining assets of which

accruals on loans

transit items

suspense items

financial derivatives

intra-Eurosystem claims related to the alloca-
tion of euro banknotes

M18

Cells in bold show high priority memorandum items.

M1

M2

M3

M4

M5

M9

M10

M11

M12

M14

M15

M16

M17

27.12.2007

EN

Official Journal of the European Union

L 341/121

TABLE 2

Other MFIs data (stocks)

Domestic

Other
participating
Member States

Rest of the
world

Not allocated

M19

M22

M25

M28

M31

M34

M20

M23

M26

M29

M32

M35

M21

M24

M27

M30

M33

M36

M37

M38

M39

M40

M41

M42

M43

M44

M45

LIABILITIES

11 Debt securities issued

Up to 1 year

Euro

Foreign currencies

Over 1 and up to 2 years

Euro

Foreign currencies

13 Capital and reserves

Of which provisions

14 Remaining liabilities of which

accruals on deposits

transit items

suspense items

financial derivatives

ASSETS

7 Remaining assets of which

accruals on loans

transit items

suspense items

financial derivatives

Cells in bold show high priority memorandum items.

M2: banknotes denominated in the legacy currencies issued by NCBs before 1 January 2002 that have not yet been
redeemed at the NCBs. Reported as from January 2002, at least during 2002.

M5: coins denominated in the legacy currencies issued by national authorities (i.e. NCBs/central governments) before 1 Janu-
ary 2002 that have not yet been redeemed at the NCBs.

M9, M38:
(i.e. on a cash basis).

interest payable on deposits recorded as it accrues (i.e. on an accruals basis) rather than when it is actually paid

M14, M42: Interest receivable on loans recorded as it accrues (i.e. on an accruals basis) rather than when it is actually
received (i.e. on a cash basis).

M13, M18: net positions vis-à-vis the Eurosystem originated by (1) distribution of euro banknotes issued by the European
Central Bank (ECB) (8 % of total issues); and (2) application of the capital share mechanism. The individual NCB’s and ECB’s
net credit or debit position must be allocated to either the asset or liability side of the balance sheet according to the sign, i.e.
a positive net position vis-à-vis the Eurosystem must be reported on the asset side, a negative net position on the liability
side.

TABLE 3

Other MFIs data (flow adjustments) (*)

A. Domestic

B. Other participating Member States

C. RoW

MFIs

Non-MFIs

MFIs

Non-MFIs

General government

Other resident sectors

General government

Other resident sectors

of which
credit
institutions
subject to
RRs, ECB
and NCBs

Central
government

Other
general
government

Total

Other
financial
interme-
diaries +
financial
auxiliaries
(S.123 +
S.124)

Insurance
corporations
and pension
funds
(S.125)

Non-financial
corporations
(S.11)

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

of which
credit
institutions
subject to
RRs, ECB
and NCBs

Central
government

Other
general
government

Total

Other
financial
interme-
diaries +
financial
auxiliaries
(S.123 +
S.124)

Insurance
corporations
and pension
funds
(S.125)

Non-financial
corporations
(S.11)

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

179a

470 #

473 #

476 #

479 #

482 #

485 #

179b

471 #

474 #

477 #

480 #

483 #

486 #

179c

472

475

478

481

484

487

L

3
4
1
/
1
2
2

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

BALANCE SHEET ITEMS

LIABILITIES

10 MMF shares/units

11 Debt securities

Up to 1 year

Over 1 and up to 2 years

11e Euro

Up to 1 year

Over 1 and up to 2 years

11x

Foreign currencies

Up to 1 year

Over 1 and up to 2 years

(*) Reclassification adjustments are to be transmitted to the ECB for all cells; revaluation adjustments only for the cells indicated with a #.

TABLE 4

ECB/NCBs data (reclassification adjustments)

BALANCE SHEET ITEMS

Not allocated

LIABILITIES

8 Currency in circulation

Of which banknotes

Euro banknotes

National denomination banknotes

Of which coins

Euro coins

National denomination coins

488

489

490

491

492

.

2
7
1
2
2
0
0
7

.

27.12.2007

EN

Official Journal of the European Union

L 341/123

Section 2: Monthly memorandum items to derive weighting information for MFI interest rate statistics

Other MFIs’ data (stocks)

Euro-denominated loans granted by other MFIs to indicated sub-categories of ‘other residents’

ASSETS

Non-financial
corp. (S.11)

Households etc. (S.14 + S.15)

Consumer credit

Housing loans

Other (residual)

A. Domestic

Loans

Of which euro

Up to 1 year

Over 1 and up to 5 years

Over 5 years

B. Other part. MS

Loans

Of which euro

Up to 1 year

Over 1 and up to 5 years

Over 5 years

M46

M50

M54

M58

M62

M66

M47

M51

M55

M59

M63

M67

M48

M52

M56

M60

M64

M68

M49

M53

M57

M61

M65

M69

Section 3: Quarterly memorandum items to compile monetary union financial accounts

NCBs/ECB/other MFIs’ data (stocks)

Domestic

Other participating
Member States

Total

Central
govern-
ment

Total

Central
govern-
ment

Rest of the
world

Not
allocated

LIABILITIES

14 Remaining liabilities

Net equity of households in pension funds reserves

M70

ASSETS

3 Securities other than shares

Up to 1 year

Of which: euro

Over 1 year

Of which: euro

5 Shares and other equity

Quoted shares

Investment fund (not MMF) shares

7 Remaining assets

M71

M74

M77

M80

M83

M86

M84

M87

M72

M75

M78

M81

M73

M76

M79

M82

M85

M88

Prepayment of insurance premiums and reserves
for outstanding claims

M89

liabilities of MFIs with households in the form of technical provisions established to provide pensions for employees.

M70:
This typically refers to employee pension funds that have not been externalised to an independent institution.

M83, M84, M85: shares with prices quoted on a recognised stock exchange or other form of secondary market.

M86, M87, M88: shares issued in the context of an organised financial arrangement that pools investor funds for the pur-
pose of acquiring financial or non-financial assets, excluding those included in the MFI sector (also called mutual fund shares).

M89: the part of gross premiums paid by MFIs which is to be allocated to the following accounting period plus claims by
MFIs that are not yet settled.

L 341/124

EN

Official Journal of the European Union

27.12.2007

PART 5

Reserve base statistics

TABLE 1

Balance sheet item data required to compile statistics on the reserve base

BALANCE SHEET ITEMS

LIABILITIES

9 Deposits (all currencies)

9.1 Overnight

9.2 With agreed maturity — up to 2 years

9.3 Redeemable at notice — up to 2 years

9 Deposits (all currencies)

9.2 With agreed maturity — over 2 years

9.3 Redeemable at notice — over 2 years

9.4 Repurchase agreements

11 Debt securities issued (all currencies)

up to 2 years

over 2 years (1)

World

Other MFIs of the participating Member States
not subject to reserve requirements, non-MFIs
of the participating Member States and rest of
the world

Not
allocated

R1

R2

R3

R4

R5

(1) Debt securities issued with an agreed maturity of over two years also include the amounts of securities held by other credit institutions

(CIs) subject to reserve requirements, by the ECB or by NCBs of the participating Member States.

TABLE 2

Balance sheet item data required for control purposes

Lump-sum allowance

A. Domestic

Not allocated

R6

27.12.2007

EN

Official Journal of the European Union

L 341/125

PART 6

Macro ratio statistics

Credit institutions’ balance sheet item data to compile the macro ratio

BALANCE SHEET ITEMS

LIABILITIES

11. Debt securities issued

(all currencies)

up to 2 years

ASSETS

3. Securities other than shares

(all currencies)

up to 2 years

A. Domestic

B. Other participating
Member States

MFIs

Non-MFIs

MFIs

Non-MFIs

C. Rest of
the world

D. Not
allocated

MR1

MR2

MR3

PART 7

Credit institutions’ balance sheet statistics

Section 1: Data on stocks

Table 1

Credit institutions (stocks)

A. Domestic

Non-MFIs

B. Other participating Member States

Non-MFIs

BALANCE SHEET ITEMS

MFIs

General government

Other resident sectors

General government

Other resident sectors

Central gov-
ernment

Other general
government

Total

OFIs
(S.123) +
financial
auxiliaries
(S.124)

Insurance
corp. and
pension
funds
(S.125)

MFIs

Non-financial
corp. (S.11)

Households
etc.
(S.14 + S.15)

Central gov-
ernment

Other general
government

Total

OFIs
(S.123) +
financial
auxiliaries
(S.124)

Insurance
corp. and
pension
funds
(S.125)

Non-financial
corp. (S.11)

Households
etc. (S.14 +
S.15)

C. Rest of
the world

D. Not allocated

LIABILITIES
Currency in circulation
Deposits

up to 1 year
over 1 year
Deposits — Euro
Overnight
With agreed maturity

up to 1 year
over 1 and up to 2 years
over 2 years

Redeemable at notice
up to 3 months
over 3 months

Repos
Deposits — Foreign currencies
Overnight
With agreed maturity

up to 1 year
over 1 and up to 2 years
over 2 years

Redeemable at notice
up to 3 months
over 3 months

Repos
Debt securities issued
Euro

up to 1 year
over 1 and up to 2 years
over 2 years
Foreign currencies
up to 1 year
over 1 and up to 2 years
over 2 years

Capital and reserves
Remaining liabilities

L

3
4
1
/
1
2
6

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

A. Domestic

Non-MFIs

Other resident sectors

B. Other participating Member States

Non-MFIs

Other resident sectors

MFIs

General
govern-
ment

Total
(e)

OFIs
(S.123) +
financial
auxiliaries
(S.124)
(f)

Insurance
corp. and
pension
funds
(S.125)

Non-
financial
corp.
(S.11)

Households etc. (S.14 + S.15)

MFIs

Consumer
credit

Lending
for house
purchase

Other
(residual)

General gov-
ernment

Total
(p)

OFIs
(S.123) +
financial
auxiliaries
(S.124)
(f)

Insurance
corp. and
pension
funds
(S.125)

Households etc. (S.14 + S.15)

Non-financial
corp. (S.11)

Consumer
credit

Lending
for house
purchase

Other
(residual)

C. Rest of
the world

D. Not
allocated

BALANCE SHEET ITEMS

ASSETS

Cash

of which euro

Loans

up to 1 year

over 1 and up to 5 years

over 5 years

of which euro

Securities other than shares

Euro

up to 1 year

over 1 and up to 2 years

over 2 years

Foreign currencies

up to 1 year

over 1 and up to 2 years

over 2 years

MMF shares/units

Shares and other equity

Fixed assets

Remaining assets

.

2
7
1
2
2
0
0
7

.

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
1
2
7

Table 2

Credit institutions sector breakdown (stocks)

A. Domestic

Non-MFIs

B. Other participating Member States

Non-MFIs

C. Rest of the world

Total

General government (S.13)

Other resident sectors

General government (S.13)

Other resident sectors

Non-banks

Total

Central
govern-
ment
(S.1311)

Total

Other general government

State
govern-
ment
(S.1312)

Local
govern-
ment
(S.1313)

Social
security
funds
(S.1314)

Total

OFIs (S.123)
+ financial
auxiliaries
(S.124)

Insur-
ance
corp.
and pen-
sion
funds
(S.125)

Non-
financial
corp.
(S.11)

House-
holds etc.
(S.14 +
S.15)

Total

Central
govern-
ment
(S.1311)

Total

Other general government

State
govern-
ment
(S.1312)

Local
govern-
ment
(S.1313)

Social
security
funds
(S.1314)

Total

OFIs
(S.123) +
financial
auxiliaries
(S.124)

Insurance
corp. and
pension
funds
(S.125)

Non-
financial
corp.
(S.11)

House-
holds
etc.
(S.14 +
S.15)

Banks

General
Govern-
ment

Other
resident
sectors

L

3
4
1
/
1
2
8

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

BALANCE SHEET ITEMS

LIABILITIES

Currency in circulation

Deposits

Overnight

With agreed maturity

Redeemable at notice

Repos

Debt securities issued

Capital and reserves

Remaining liabilities

ASSETS

Cash

Loans

up to 1 year

over 1 and up to 5 years

over 5 years

Securities other than shares

up to 1 year

over 1 year

MMFs shares/units

Shares and other equity

Fixed assets

Remaining assets

BALANCE SHEET ITEMS

All curren-
cies com-
bined

Euro

LIABILITIES

Deposits

A. Domestic

from MFIs

from non-MFIs

B. Other participating Member States

from MFIs

from non-MFIs

C. Rest of the world

up to 1 year

over 1 year

from banks

from non-banks

Debt securities issued

Capital and reserves

Remaining liabilities

ASSETS

Loans

A. Domestic

to MFIs

to non-MFIs

B. Other participating Member States

to MFIs

to non-MFIs

C. Rest of the world

up to 1 year

over 1 year

to banks

to non-banks

Securities other than shares

A. Domestic

issued by MFIs

issued by non-MFIs

B. Other participating Member States

issued by MFIs

issued by non-MFIs

C. Rest of the world

issued by banks

issued by non-banks

MMF shares/units

Remaining assets

(1) Other EU Member States currencies (excluding DKK, SEK, GBP) are included under this column.

Table 3

Credit institutions currency breakdown (stocks)

Other EU Member States currencies

Other currencies (includes other EU Member States currencies
excluding DKK, SEK, GBP)

.

2
7
1
2
2
0
0
7

.

BGN

CZK

DKK

EEK

CYP

LVL

LTL

HUF

MTL

PLN

RON

SKK

SEK

GBP

Total (1)

USD

JPY

CHF

Remaining
currencies
combined (1)

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
1
2
9

Section 2: Data on flow adjustments

Table 1

Credit institutions (reclassifications)

A. Domestic

Non-MFIs

B. Other participating Member States

Non-MFIs

General government

Other resident sectors

General government

Other resident sectors

MFIs

Central
govern-
ment

Other
general
govern-
ment

Total

OFIs
(S.123) and
financial
auxiliaries
(S.124)

Insur-
ance
corp.
and pen-
sion
funds
(S.125)

Non-
financial
corp.
(S.11)

Households etc. (S.14 + S.15)

MFIs

Consumer
credit

Housing
loans

Other
(residual)

Central
govern-
ment

Other
general
govern-
ment

Total

OFIs
(S.123) and
financial
auxiliaries
(S.124)

Insur-
ance
corp.
and pen-
sion
funds
(S.125)

Non-
financial
corp. (S.11)

Households etc. (S.14 + S.15)

C. Rest
of the
world

D. Not
allocated

Consumer
credit

Housing
loans

Other
(residual)

L

3
4
1
/
1
3
0

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

BALANCE SHEET ITEMS

LIABILITIES

Currency in circulation

Deposits

up to 1 year

over 1 year

Deposits — Euro

Overnight

With agreed maturity

up to 1 year

over 1 and up to 2 years

over 2 years

Redeemable at notice

up to 3 months

over 3 months

Repos

Deposits — Foreign currencies

Overnight

With agreed maturity

up to 1 year

over 1 and up to 2 years

over 2 years

Redeemable at notice

up to 3 months

over 3 months

Repos

Debt securities issued

Euro

up to 1 year

over 1 and up to 2 years

over 2 years

A. Domestic

Non-MFIs

B. Other participating Member States

Non-MFIs

General government

Other resident sectors

General government

Other resident sectors

BALANCE SHEET ITEMS

MFIs

Central
govern-
ment

Other
general
govern-
ment

Total

OFIs
(S.123) and
financial
auxiliaries
(S.124)

Insur-
ance
corp.
and pen-
sion
funds
(S.125)

Non-
financial
corp.
(S.11)

Households etc. (S.14 + S.15)

MFIs

Consumer
credit

Housing
loans

Other
(residual)

Central
govern-
ment

Other
general
govern-
ment

Total

OFIs
(S.123) and
financial
auxiliaries
(S.124)

Insur-
ance
corp.
and pen-
sion
funds
(S.125)

Non-
financial
corp. (S.11)

Foreign currencies

up to 1 year

over 1 and up to 2 years

over 2 years

Capital and reserves

Remaining liabilities

ASSETS

Cash (all currencies)

o/w euro

Loans

up to 1 year

over 1 and up to 5 years

over 5 years

o/w euro

Securities other than shares

Euro

up to 1 year

over 1 and up to 2 years

over 2 years

Foreign currencies

up to 1 year

over 1 and up to 2 years

over 2 years

MMF shares/units

Shares and other equity

Fixed assets

Remaining assets

.

2
7
1
2
2
0
0
7

.

Households etc. (S.14 + S.15)

C. Rest
of the
world

D. Not
allocated

Consumer
credit

Housing
loans

Other
(residual)

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
1
3
1

Table 2

Credit institutions (revaluations)

A. Domestic

Non-MFIs

BALANCE SHEET ITEMS

General government

Other resident sectors

MFIs

Central
govern-
ment

Other
gen.
govern-
ment

Total

OFIs
(S.123)
and finan-
cial auxil-
iaries
(S.124)

Insur-
ance
corp.
and
pen-
sion
funds
(S.125)

Non-
finan-
cial
corp.
(S.11)

Households etc.
(S.14 + S.15)

MFIs

Consumer
credit

Housing
loans

Other
(residual)

General govern-
mnt

Central
govern-
ment

Other
gen.
govern-
ment

Total

B. Other participating Member States

Non-MFIs

Other resident sectors

OFIs
(S.123)
and finan-
cial auxil-
iaries
(S.124)

Insur-
ance
corp.
and
pen-
sion
funds
(S.125)

Non-
financial
corp.
(S.11)

Households etc. (S.14 + S.15)

C. Rest
of the
world

D. Not
allocated

Consumer
credit

Housing
loans

Other
(residual)

LIABILITIES
Debt securities issued
Euro

up to 1 year
over 1 and up to 2 years
over 2 years
Foreign currencies
up to 1 year
over 1 and up to 2 years
over 2 years

Capital and reserves
Remaining liabilities
ASSETS
Cash (all currencies)
o/w euro
Loans

up to 1 year
over 1 and up to 5 years
over 5 years

o/w euro
Securities other than shares
o/w over 2 years
Euro

up to 1 year
over 1 and up to 2 years
over 2 years
Foreign currencies
up to 1 year
over 1 and up to 2 years
over 2 years
MMF shares/units
Shares and other equity
Fixed assets
Remaining assets

L

3
4
1
/
1
3
2

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

Table 3

Credit institutions sector breakdown (reclassifications)

A. Domestic

Non-MFIs

B. Other participating Member States

C. Rest of the world

Non MFIs

.

2
7
1
2
2
0
0
7

.

General government

Other resident sectors

General government

Other resident sectors

BALANCE SHEET ITEMS

Other general government

Total

Central
govern-
ment

Total

State
govern-
ment

Local
govern-
ment

Social
security
funds

Total

OFIs (S.123)
and financial
auxiliaries
(S.124)

Insur-
ance
corp.
and pen-
sion
funds
(S.125)

Non-
financial
corp.
(S.11)

House-
holds
etc. (1)

Total

Central
govern-
ment

Other general government

Total

State
govern-
ment

Local
govern-
ment

Social
security
funds

Total

OFIs
(S.123)
and
financial
auxilia-
ries
(S.124)

Insurance
corp. and
pension
funds
(S.125)

Non-
financial
corp.
(S.11)

House-
holds
etc. (1)

Total

E
N

Non-banks

Banks

General
govern-
ment

Other
resident
sectors

LIABILITIES

Currency in circulation

Deposits

Overnight

With agreed maturity

Redeemable at notice

Repos

Debt securities issued

Capital and reserves

Remaining liabilities

ASSETS

Cash

Loans

up to 1 year

over 1 and up to 5 years

over 5 years

Securities other than shares

up to 1 year

over 1 year

MMF shares/units

Shares and other equity

Fixed assets

Remaining assets

(1) Comprises households (S.14) and non-profit institutions serving households (S.15)

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
1
3
3

Table 4

Credit institutions sector breakdown (revaluations)

A. Domestic

Non-MFIs

B. Other participating Member States

C. Rest of the world

Non-MFIs

General government

Other resident sectors

General government

Other resident sectors

BALANCE SHEET ITEMS

Other general government

Total

Central
govern-
ment

Total

State
govern-
ment

Local
govern-
ment

Social
security
funds

Total

OFIs (S.123)
and financial
auxiliaries
(S.124)

Insurance
corp. and
pension
funds
(S.125)

Non-
financial
corp.
(S.11)

House-
holds
etc. (1)

Total

Central
govern-
ment

Other general government

Total

State
govern-
ment

Local
govern-
ment

Social
security
funds

Total

OFIs
(S.123)
and
financial
auxilia-
ries
(S.124)

Insurance
corp. and
pension
funds
(S.125)

Non-
financial
corp.
(S.11)

House-
holds
etc. (1)

Total

Non-banks

Banks

General
govern-
ment

Other
resident
sectors

LIABILITIES

Currency in circulation

Deposits

Debt securities issued

Capital and reserves

Remaining liabilities

ASSETS

Cash

Loans

up to 1 year

over 1 and up to 5 years

over 5 years

Securities other than shares

up to 1 year

over 1 year

MMF shares/units

Shares and other equity

Fixed assets

Remaining assets

(1) Comprises households (S.14) and non-profit institutions serving households (S.15)

L

3
4
1
/
1
3
4

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

27.12.2007

EN

Official Journal of the European Union

L 341/135

PART 8

Structural financial indicators

1. Number of branches of CIs as at the end of the reference period. This indicator must only include branches that
belong to CIs. The offices of institutional units that are not themselves CIs must be excluded, even if they belong to the
same group as a CI.

2. Number of employees of CIs. This indicator refers to the average number of CI employees during the reference year.
Employees of financial institutions that are not themselves CIs should be excluded, even if these institutions belong to
the same group.

3.

Share of the five largest CIs in total assets (CR5). This indicator refers to the concentration of the banking business.
NCBs must adopt the following unconsolidated aggregated approach to derive it: (1) rank the balance sheet totals of all
reporting CIs; and (2) calculate (i) the sum of the five largest balance sheet totals; and (ii) the sum of all balance sheet
totals; and (3) calculate the proportion of (i) over (ii). Data to be reported to the ECB must be expressed as percentages
e.g. a value of 72,4296 % must be reported as 72,4296 and not as 0,7243. Although the composition of the five larg-
est banks may change over time, NCBs must only provide the share of the five largest CIs at a specific point in time
(end-December of the reference year).

4. Herfindahl index (HI) for CIs’ total assets. Similar to the previous indicator, this refers to the concentration of bank-
ing business. NCBs must follow to the extent possible an aggregated approach. In this case, the calculation of the HI
must include the aggregated balance sheet of each CI included in the group, perhaps using the accounting information
contained in these institutions’ annual financial statements. Where not all CIs are in the tail report data, data must be
grossed up.

The HI is obtained by summing the squares of the market shares of all the CIs in the banking sector and must be
reported to the ECB according to the following formula:

HI = ∑i=1

n (Xi/X)2

, where:

n = total number of CIs in the country

Xi = total assets of CIi

X = ∑i=1

n Xi = total assets of all CIs of the country.

5.

6.

Total investments of insurance companies (1). The information refers to these companies’ total financial assets,
which is obtained by deducting the non-financial assets such as fixed assets from the aggregated balance sheet total. If
necessary, figures should be grossed up to ensure 100 % coverage. If separate information on insurance companies is
not available, this indicator may be combined with indicator ‘Total assets under management by pension funds’ to form
one single indicator. NCBs must flag the series if ‘combined’ recording is adopted.

Total assets under management by pension funds (2). This information refers to the aggregated balance sheet totals
of autonomous pension funds. If separate information on pension funds is not available, this indicator may be com-
bined with indicator ‘Total investments of insurance companies’ to form one single indicator. In this case, a nil return
must be provided in respect of indicator ‘Total assets under management by pension funds’.

7. Number of branches of CIs from other EU countries. This indicator refers to the number of branches in the report-
ing country which belong to CIs resident in other EU countries. If a CI has more than one branch in a particular coun-
try, it is counted as one. NCBs must ensure that data as from the end of 1999 are consistent with data reported in the
framework of the MFI list.

8.

Total assets of branches of CIs from other EU countries. This indicator refers to the aggregated balance sheet total
of the branches covered by the indicator ‘Number of branches of CIs from other EU countries’.

9. Number of subsidiaries of CIs from other EU countries. This indicator refers to the number of subsidiaries in the
reporting country which are controlled by a CI resident in other EU countries. Only subsidiaries that are themselves CIs
may be counted.

(1) For this indicator, the corresponding ESA 95 sector is S.125a.
(2) For this indicator, the corresponding ESA 95 sector is S. 125b.

L 341/136

EN

Official Journal of the European Union

27.12.2007

10. Total assets of subsidiaries of CIs from other EU countries. This indicator refers to the aggregated balance sheet

total of the subsidiaries covered by the indicator ‘Number of subsidiaries of CIs from other EU countries’.

11. Number of branches of CIs from extra EU countries. This indicator refers to the number of branches resident in
the reporting country, which belong to CIs resident in countries that are not Member States. If a bank has more than
one branch in a particular country, it is counted as one. NCBs must ensure that data are consistent with data reported
in the framework of the MFI list.

12. Total assets of branches of CIs from extra EU countries. This indicator refers to the aggregated balance sheet total

of the branches covered by indicator ‘Number of branches of CIs from extra EU countries’.

13. Number of subsidiaries of CIs from extra EU countries. This indicator refers to the number of subsidiaries resident

in the reporting country, controlled by CIs resident in countries that are not Member States.

14. Total assets of subsidiaries of CIs from extra EU countries. This indicator refers to the aggregated balance sheet

total of the subsidiaries covered by indicator ‘Number of subsidiaries of CIs from extra EU countries’

15. Number of branches of CIs from other participating Member States. This indicator refers to the number of
branches resident in the reporting country, belonging to CIs resident in other participating Member States. If a bank
has more than one branch in a particular country, it is counted as one. NCBs must ensure that data are consistent with
data reported in the framework of the MFI list.

16. Total assets of branches of CIs from other participating Member States. This indicator refers to the aggregated
balance sheet total of the branches covered by indicator ‘Number of branches of CIs from other participating Member
States’.

17. Number of subsidiaries of CIs from other participating Member States. This indicator refers to the number of sub-

sidiaries resident in the reporting country which are controlled by CIs resident in other participating Member States

18. Total assets of subsidiaries of CIs from other participating Member States. This indicator refers to the aggregated
balance sheet total of the subsidiaries covered by indicator ‘Number of subsidiaries of CIs from other participating Mem-
ber States’.

.

2
7
1
2
2
0
0
7

.

TABLE 1

Structural financial indicators (stocks)

Structural Indicators

Insurance corporations and pension funds

Credit institutions

Credit institutions

Credit institutions

Credit institutions

Total

Insurance corporations

Pension funds

1. Domestic area

2. Other EU countries

3. Extra EU countries

4. Other participating
Member States

Number of employees of CIs

Number of branches of CIs

Number of subsidiaries of CIs

Herfindahl index for CIs total assets

Share of the 5 largest CIs in total assets
(CR5)

S1

S2

S9

S10

Total assets

Total assets of branches

Total assets of subsidiaries

S11

S12

S13

S3

S6

S14

S17

S4

S7

S15

S18

S5

S8

S16

S19

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
1
3
7

TABLE 2

Structural financial indicators (flow adjustments)

Structural Indicators

Insurance corporations and pension funds

Credit institutions

Credit institutions

Credit institutions

Credit institutions

Total

Insurance corporations

Pension funds

1. Domestic area

2. Other EU countries

3. Extra EU countries

4. Other participating
Member States

Reclassifications and other adjustments

Total assets

Total assets of branches

Total assets of subsidiaries

Other revaluation adjustments

Total assets

Total assets of branches

Total assets of subsidiaries

S20

S21

S22

S29

S30

S31

S23

S26

S32

S35

S24

S27

S33

S36

S25

S28

S34

S37

L

3
4
1
/
1
3
8

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

27.12.2007

EN

Official Journal of the European Union

L 341/139

PART 9

Data for International Monetary Fund purposes

TABLE 1

NCB data (stocks)

Domestic (1)

Other participating
Member States

Rest of the
world

Not
allocated

LIABILITIES

9 Deposits

Of which deposits with
NCBs

Of which deposits with ECB

ASSETS

2 Loans

Of which loans to NCBs

Of which loans to ECB

Of which international
reserve-related deposits in
ECB (2)

3 Securities other than shares

Of which issued by NCBs

Of which issued by ECB

5 Shares and other equity

Of which issued by ECB

S1

S3 (Form 10S)

S4

S6 (Form 10S)

S8 (Form 10S)

S9

S11 (Form 10S)

S2 (Form 10S —
DE only)

S5 (Form 10S —
DE only)

S7 (Form 10S —
DE only)

S10 (Form 10S —
DE only)

S12 (Form 10S —
DE only)

S13 (Form10S)

(1) Domestic positions vis-à-vis the ECB apply for Germany only, as indicated.
(2) This item includes the NCBs’ euro-denominated claims equivalent to the transfer of foreign currency reserves from the NCBs to the ECB.

L 341/140

EN

Official Journal of the European Union

27.12.2007

TABLE 2

Other MFIs data (stocks)

Domestic (1)

Other participating
Member States

Rest of the
world

Not
allocated

LIABILITIES

9 Deposits

Of which deposits with
ECB (*)

Of which deposits with
NCBs

ASSETS

2 Loans

S14 (Form 20S —
DE only)

S15 (Form 20S)

S16 (Form 20S)

S17 (*)

Of which loans to ECB (*)

S18 (Form 20S —
DE only)

S19 (Form 20S)

Of which loans to NCBs

S20 (Form 20S)

S21 (*)

3 Securities other than

shares

Of which issued by ECB (*)

S22 (Form 20S —
DE only)

S23 (Form 20S)

Of which issued by NCBs

S24 (Form 20S)

S25 (*)

5 Shares and other equity

Of which issued by NCBs

S26 (Form 20S)

S27 (*)

(*) Optional series.
(1) Domestic positions vis-à-vis the ECB apply for Germany only, as indicated.

27.12.2007

EN

Official Journal of the European Union

L 341/141

Statistics on securitisation and other transfers of MFIs’ loans originally granted to non-MFIs

PART 10

Section 1: Other MFI loans securitised through a financial vehicle corporation (FVC)

TABLE 1

Gross monthly flows

Domestic

Other participating Member States

MFIs

Central
govern.

Other
general
govern.

Other
resident
sectors

MFIs

Central
govern.

Other
general
govern.

Other
resident
sectors

ASSETS

2 Loans

S1

TABLE 2

Amounts outstanding

Domestic

Other participating Member States

MFIs

Central
govern.

Other
general
govern.

Other
resident
sectors

MFIs

Central
govern.

Other
general
govern.

Other
resident
sectors

ASSETS

2 Loans

S2

TABLE 3

Net monthly flows (*)

Domestic

Other participating Member States

MFIs

Central
govern.

Other
general
govern.

Other
resident
sectors

MFIs

Central
govern.

Other
general
govern.

Other
resident
sectors

ASSETS

2 Loans

S3

(*) To be reported if gross flows are not available.

Rest
of the
world

Rest
of the
world

Rest
of the
world

L 341/142

EN

Official Journal of the European Union

27.12.2007

Section 2: Other MFI loans securitised/transferred without FVCs

TABLE 1

Gross monthly flows

Domestic

Other participating Member States

MFIs

Central
govern.

Other
general
govern.

Other
resident
sectors

MFIs

Central
govern.

Other
general
govern.

Other
resident
sectors

ASSETS

2 Loans

S4

TABLE 2

Amounts outstanding

Domestic

Other participating Member States

MFIs

Central
govern.

Other
general
govern.

Other
resident
sectors

MFIs

Central
govern.

Other
general
govern.

Other
resident
sectors

ASSETS

2 Loans

S5

TABLE 3

Net monthly flows (*)

Domestic

Other participating Member States

MFIs

Central
govern.

Other
general
govern.

Other
resident
sectors

MFIs

Central
govern.

Other
general
govern.

Other
resident
sectors

ASSETS

2 Loans

S5

(*) To be reported if gross flows are not available.

Rest
of the
world

Rest
of the
world

Rest
of the
world

Gross flows: amount of loans, originally granted by other MFIs to domestic other resident sectors, that are subsequently secu-
ritised or transferred by MFIs during the reference period, i.e. amounts arising directly from the sale of loans to non-MFI
third parties during the reference period. The third parties are usually resident or non-resident financial vehicles, which issue
securities to finance the credits acquired. No allowance is made for the redemption or repurchase of loans sold off earlier.
Where data on gross flows are not available, data on net flows of loans originally granted by MFIs and sold to third parties,
if available, must be provided.

Net flows: changes in the outstanding amounts of securitised or transferred loans originally granted by other MFIs to domes-
tic other resident sectors but subsequently securitised or transferred to third parties and which therefore no longer appear
on the MFI balance sheet. Third parties are usually resident or non-resident financial vehicles, which issue securities to finance
the credits acquired. The net flow is equal to the new gross securitised or transferred loans (i.e. sales of MFI loans to third
parties) minus loan repayments made by the borrower or loans bought back by the originating MFI during the reference
period.

27.12.2007

EN

Official Journal of the European Union

L 341/143

Outstanding amounts: the outstanding amount of loans originally granted by other MFIs to domestic other resident sectors,
that have been securitised or transferred (i.e. sold to third parties) and which therefore no longer appear on the MFI balance
sheet. The difference between the end-period stocks is equal to the net flow. Developments other than from transactions are
not considered.

Sold loans: the loan sold to the non-MFI sector triggers the related reporting only in so far as it no longer appears on the
balance sheet of the MFI which had originally granted the loan to the other resident sectors or in any other MFI’s balance
sheet.

L 341/144

EN

Official Journal of the European Union

27.12.2007

PART 11

Other financial intermediaries’ statistics

Section 1: Reporting tables

Data in respect of investment funds (Tables 1 to 3) should be provided for: total investment funds, covering all types of
investment funds operating in the country and for investment funds broken down by:

— type of investment. Data for investment funds broken down by type of investment must be separately reported for equity
funds, bond funds, mixed funds, real estate funds and other funds. In principle, investment funds by type of investment
must be classified according to the type of asset in which the investment portfolio is primarily invested. Funds invest-
ing in both equity and bonds with no prevalent policy in favour of one or the other instrument must be allocated to
the ‘mixed funds’ category. Where no classification in the above categories is feasible, funds must be included in the
residual category ‘other funds’. With respect to the ‘funds of funds’ i.e. funds investing primarily in investment fund
shares, they must be allocated in the category of funds in which they primarily invest. If this allocation is not deemed
feasible, funds of funds must be allocated in the residual category ‘other funds’. Investment funds must be classified by
type based on criteria from the public prospectus, fund rules, instruments of incorporation, established statutes or
by-laws, subscription documents or investment contracts, marketing documents, or any other statement with similar
effects.

— type of investor. Data for investment funds broken down by type of investor must be reported for (1) general public;

and (2) special investors. Data for these types of funds must only be reported as memo items.

Data to be reported for SDDs (security and derivative dealers), FCLs (financial corporations engaged in lending) and
other OFIs (other financial intermediaries) are set out in Table 4.

TABLE 1

Data on investment funds (stocks). Key indicators and memorandum items

Item name and maturity/geographical/sectoral breakdowns

Investment
funds/total

Equity funds

Bond funds

Mixed funds

Real estate funds

Other funds

ASSETS

Deposits/world/total

Securities other than shares total maturity/world/total

Securities other than shares total maturity/domestic/total

Securities other than shares total maturity/domestic/MFIs

Securities other than shares total maturity/domestic/non-MFIs

Securities other than shares total maturity/other participating
Member States/total

Securities other than shares total maturity/other participating
Member States/MFIs

Securities other than shares total maturity/other participating
Member States/non-MFIs

Securities other than shares total maturity/rest of the
world/total

Securities other than shares up to 1 year/world/total

Securities other than shares up to 1 year/domestic/total

Securities other than shares up to 1 year/domestic/MFIs

Securities other than shares up to 1 year/domestic/non-MFIs

Securities other than shares up to 1 year/other participating
Member States/total

Securities other than shares up to 1 year/other participating
Member States/MFIs

Securities other than shares up to 1 year/other participating
Member States/non-MFIs

Securities other than shares up to 1 year/rest of the
world/total

Securities other than shares over 1 year/world/total

Securities other than shares over 1 year/domestic/total

Securities other than shares over 1 year/domestic/MFIs

Securities other than shares over 1 year/domestic/non-MFIs

Key

Key

Key

Memo

Memo

Key

Memo

Memo

Key

Key

Key

Memo

Memo

Key

Memo

Memo

Key

Key

Key

Memo

Memo

Key

Key

Key

Memo

Memo

Key

Memo

Memo

Key

Key

Key

Memo

Memo

Key

Memo

Memo

Key

Key

Key

Memo

Memo

Key

Key

Key

Memo

Memo

Key

Memo

Memo

Key

Key

Key

Memo

Memo

Key

Memo

Memo

Key

Key

Key

Memo

Memo

Key

Key

Key

Memo

Memo

Key

Memo

Memo

Key

Key

Key

Memo

Memo

Key

Memo

Memo

Key

Key

Key

Memo

Memo

Key

Key

Key

Key

Key

Key

Key

Memo

Memo

Key

Memo

Memo

Key

Key

Key

Memo

Memo

Key

Memo

Memo

Key

Key

Key

Memo

Memo

.

2
7
1
2
2
0
0
7

.

General
public
funds

Memo

Memo

Special
investor
funds

Memo

Memo

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
1
4
5

Item name and maturity/geographical/sectoral breakdowns

Investment
funds/total

Equity funds

Bond funds

Mixed funds

Real estate funds

Other funds

General
public
funds

Special
investor
funds

Securities other than shares over 1 year/other participating
Member States/total

Securities other than shares over 1 year/other participating
Member States/MFIs

Securities other than shares over 1 year/other participating
Member States/non-MFIs

Securities other than shares over 1 year/rest of the world/total

Shares and other equity/world/total

Shares and other equity/domestic/total

Shares and other equity/domestic/MFIs

Shares and other equity/domestic/non-MFIs

Shares and other equity/other participating Member
States/total

Shares and other equity/other participating Member
States/MFIs

Shares and other equity/other participating Member
States/non-MFIs

Key

Key

Key

Key

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Key

Key

Key

Memo

Memo

Key

Key

Key

Key

Memo

Memo

Key

Key

Key

Key

Memo

Memo

Key

Key

Key

Key

Memo

Memo

Key

Key

Key

Memo

Memo

Key

Key

Memo

Memo

Key

Key

Key

Memo

Memo

Key

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Shares and other equity/rest of the world/total

Key

Shares and other equity, of which quoted shares/world/total

Memo

Investment fund shares/world/total

Investment fund shares/domestic/total

Investment fund shares/domestic/MFIs

Investment fund shares/domestic/non-MFIs

Investment fund shares/other participating Member
States/total

Investment fund shares/other participating Member
States/MFIs

Investment fund shares/other participating Member
States/non-MFIs

Key

Key

Key

Memo

Memo

Key

Key

Key

Key

Memo

Memo

Key

Key

Key

Key

Memo

Memo

Key

Key

Key

Key

Memo

Memo

Key

Key

Key

Key

Memo

Memo

Key

Memo

Memo

Key

Key

Memo

Memo

Key

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Investment fund shares/rest of the world/total

Key

Key

Key

Key

Key

Key

L

3
4
1
/
1
4
6

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

Item name and maturity/geographical/sectoral breakdowns

Investment fund shares of which money market fund
shares/world/MFIs

Fixed assets/world/total

Financial derivatives/world/total

Other assets including ‘loans’/world/total

Other assets of which loans total maturity/world/total

Other assets of which loans short-term/world/total

Other assets of which loans long-term/world/total

TOTAL ASSETS/LIABILITIES/world/total

LIABILITIES

Deposits and loans taken/world/total

Investment fund shares/world/total

Investment fund shares/domestic/total

Investment fund shares/domestic/MFIs

Investment fund shares/domestic/non-MFIs

Investment fund shares/other participating Member
States/total

Investment fund shares/other participating Member
States/MFIs

Investment fund shares/other participating Member
States/non-MFIs

Investment fund shares/rest of the world/total

Financial derivatives/world/total

Other liabilities including ‘debt securities’ and ‘capital and
reserves’/world/total

Investment
funds/total

Memo

Key

Key

Key

Memo

Memo

Memo

Key

Key

Key

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Key

Key

Equity funds

Bond funds

Mixed funds

Real estate funds

Other funds

Key

Key

Key

Key

Key

Key

Key

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Key

Key

Key

Key

Key

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Key

Key

Key

Key

Key

Key

Key

Key

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Key

Key

Key

Key

Key

Key

Key

Key

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Key

Key

Key

Key

Key

Key

Key

Key

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Key

Key

General
public
funds

Memo

Memo

Memo

Special
investor
funds

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

.

2
7
1
2
2
0
0
7

.

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
1
4
7

L 341/148

EN

Official Journal of the European Union

27.12.2007

TABLE 2

Data on transactions of investment funds. Memorandum items

Item name and maturity/geographical/
sectoral breakdown

Investment
funds/total

Equity
funds

Bond funds

Mixed
funds

Real estate
funds

Other
funds

General
public
funds

Special
investor
funds

ASSETS

Deposits/world/total

Securities other than shares total
maturity/world/total

Securities other than shares up to 1
year/world/total

Securities other than shares over 1
year/world/total

Shares and other equity/world/total

Shares and other equity of which quoted
shares/world/total

Investment fund shares/world/total

Investment fund shares of which money mar-
ket fund shares/world/MFIs

Fixed assets/world/total

Other assets (including ‘loans’ and ‘financial
derivatives’)/world/total

Other assets of which loans total
maturity/world/total

Other assets of which loans up to 1
year/world/total

Other assets of which loans over 1
year/world/total

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

TOTAL Assets/liabilities/world/total

Memo

Memo

Memo

Memo

Memo

Memo

LIABILITIES

Deposits and loans taken/world/total

Investment fund shares/world/total

Other liabilities (including ‘debt securities’,
‘capital and reserves’ and ‘financial
derivatives’)/world/total

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

TABLE 3

Sales and repurchases of investment fund shares. Memorandum items

Item name and maturity/geographical/
sectoral breakdown

Investment
funds/total

Equity
funds

Bond funds

Mixed
funds

Real estate
funds

Other
funds

General
public
funds

Special
investor
funds

LIABILITIES

Investment fund shares/world/total — Sale of
new shares

Investment fund shares/world/total —
Repurchase of shares

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

Memo

27.12.2007

EN

Official Journal of the European Union

L 341/149

TABLE 4

Data on OFIs other than investment funds. Key indicators/memorandum items

Item name and maturity/geographical/sectoral breakdown

SDDs

FCLs

Other OFIs

ASSETS

Deposits/world/total

Loans/world/total

Loans/world/MFIs

Loans/world/non-MFIs/total

Loans/world/non-MFIs/non-financial corporations

Loans/world/non-MFIs/households/total

Loans/world/non-MFIs/households/consumer credit

Loans/world/non-MFIs/households/lending for house purchase

Loans/world/non-MFIs/households/other purposes (residual)

Loans/domestic/total

Loans/domestic/MFIs

Loans/domestic/non-MFIs/total

Loans/domestic/non-MFIs/non-financial corporations

Loans/domestic/non-MFIs/households/total

Loans/domestic/non-MFIs/households/consumer credit

Loans/domestic/non-MFIs/households/lending for house purchase

Loans/domestic/non-MFIs/households/other purposes (residual)

Loans/other participating Member States/total

Loans/other participating Member States/MFIs

Loans/other participating Member States/non-MFIs/total

Loans/other participating Member States/non-MFIs/non-financial corporations

Loans/other participating Member States/non-MFIs/households/total

Loans/other participating Member States/non-MFIs/households/consumer credit

Loans/other participating Member States/non-MFIs/households/lending for house purchase

Loans/other participating Member States/non-MFIs/households/other purposes (residual)

Securities other than shares/world/total

Shares and other equity excluding investment fund shares/world/total

Investment fund shares/world/total

Financial derivatives/world/total

Other assets including ‘loans’/world/total

Other assets including ‘deposits’, ‘cash’, ‘investment fund shares’, ‘fixed assets’ and ‘financial
derivatives’/world/total

TOTAL ASSETS/LIABILITIES/world/total

LIABILITIES

Deposits and loans taken/world/total

Debt securities issued/world/total

Capital and reserves/world/total

Financial derivatives/world/total

Other liabilities/world/total

Other liabilities including ‘financial derivatives’/world/total

Key

Key

Key

Key

Key

Key

Key

Key

Key

Key

Key

Key

Key

Key

Key

Key

Key

Key

Key

Key

Key

Key

Key

Key

Key

Key

Key

Key

Key

Key

Key

Key

Key

Key

Key

Key

Key

Key

Key

Key

Key

Key

Key

Key

Memo

L 341/150

EN

Official Journal of the European Union

27.12.2007

Section 2: Instrument categories and valuation rules

In line with European System of National and Regional Accounts in the Community (ESA 95), in principle assets and liabili-
ties must be valued using current market prices on the date to which the balance sheet relates. Deposits and loans must be
reported at face value, excluding accrued interests.

Assets

Total assets/liabilities: total assets must equal the sum of all items separately identified on the assets side of the balance sheet
and should also equal total liabilities.

1. Deposits: this item (1) consists of two main sub-categories: transferable deposits and other deposits. Holdings of currency
must also be included under this item.

In the case of FCLs, this item should be allocated under ‘Other assets’.

2. Loans: this item consists of:

— loans granted to households in the form of consumer credit i.e. loans granted for the purpose of personal use in the
consumption of goods and services; lending for house purchases i.e. credit extended for the purpose of investing in
housing, including building and home improvements; and other i.e. loans granted for purposes such as business, debt
consolidation, education, etc.,

— financial leases granted to third parties,

— bad debt loans that have not yet been repaid or written off,

— holdings of non-negotiable securities,

— subordinated debt in the form of loans.

For the sub-categories investment funds and SDDs, loans must be allocated under ‘Other assets’.

Valuation rules: loans made by OFIs must be recorded gross of all related provisions, both general and specific, until the
loans are written off by the reporting institution, at which point the loans must be removed from the balance sheet.

In accordance with the general principle of accruals accounting, interest earned on loans must be subject to on-balance-
sheet recording as it accrues i.e. on an accruals basis, rather than when it is actually received or paid i.e. on a cash basis.
Accrued interest on loans must be classified on a gross basis under the category ‘Other assets’.

3. Securities other than shares: this item includes holdings of securities which give the holder the unconditional right to a fixed
or contractually determined income in the form of coupon payments and/or a stated fixed sum at a specific date or dates or
starting from a date defined at the time of issue. It also includes negotiable loans that have been restructured into a large
number of identical documents and that are traded on organised markets.

Valuation rules: in line with the ESA 95, securities other than shares must be reported at market value.

4. Shares and other equity excluding investment fund shares: this category comprises three main subcategories:

— quoted shares, excluding investment fund shares: shares with prices quoted on a recognised stock exchange or other
form of secondary market (ESA 95, paragraphs 5.88-5.93). Data on quoted shares must be provided separately for the
sub-category ‘Total investment funds’,

— unquoted shares, excluding investment fund shares: shares that are not quoted (ESA 95, paragraphs 5.88-5.93),

(1)

In the MFI balance sheet no distinction is made between deposits and loans on the asset and liability side. Instead, all non-negotiable funds
placed with/lent to MFIs (= liabilities) are deemed to be in ‘deposits’ and all funds placed by/lent by the MFIs (= assets) are deemed to be
‘loans’. However, the ESA 95 outlines the difference based on the criterion of who initiates the transaction. Where the borrower takes the
initiative, the financial transaction must be classified as a loan. Where the lender takes the initiative, the transaction must be classified as
a deposit.

27.12.2007

EN

Official Journal of the European Union

L 341/151

— other equity: all transactions in other equity that are not covered by quoted and unquoted shares (ESA 95,

paragraphs 5.94-5.95).

Valuation rules: in line with the ESA 95, shares and other equities must be reported at market value.

5. Investment fund shares/units: investment fund shares/units must be considered exclusively MFI liabilities i.e. only MMFs and
investment funds classified as OFIs.

For the subcategory FCLs, investment fund shares/units must be allocated under ‘Other assets’.

Valuation rules: in line with the ESA 95, investment fund shares/units must be reported at market value.

6. Fixed assets: this item consists of:

— tangible fixed assets for investment purposes i.e. investments in dwellings, other buildings and structures, non-

residential buildings. This part is identified as holdings of real estate,

— non-financial assets, tangible or intangible, which are intended to be used repeatedly for more than one year by report-
ing OFIs. They include land and buildings occupied by the OFIs, as well as equipment, software and other infrastructure.

Where fixed assets do not have to be reported as a separate item, they must be allocated under ‘Other assets’.

7. Financial derivatives: under this item, the following financial derivatives must be reported:

(i)

options, tradable and OTC;

(ii) warrants;

(iii)

futures, but only if they have a market value because they are tradable or can be offset;

(iv)

swaps, but only if they have a market value because they are tradable or can be offset.

In the case of FCLs, this item should be allocated under ‘Other assets’.

Derivatives must be recorded on the balance sheet on a gross basis. Individual derivative contracts with gross positive mar-
ket values must be recorded on the asset side of the balance sheet and contracts with gross negative market values on the
liability side. Gross future commitments arising from derivative contracts must not be entered as on-balance-sheet items.
Financial derivatives may be recorded on a net basis according to different valuation methods. Where only net positions are
available, or positions are recorded other than at market value, these positions must be reported as default.

8. Other assets: all amounts that cannot be allocated in one of the main balance sheet items (BSI) must be allocated in ‘Other
assets’. This item comprises assets such as accrued interest receivable on loans and accrued rent on buildings, dividends to
be received, amounts receivable not related to the main OFI business, gross amounts receivable in respect of suspense items,
gross amounts receivable in respect of transit items, other assets not separately identified e.g. fixed assets, loans and deposits
depending on the subcategory of OFI.

Liabilities

Total assets/liabilities: total liabilities must equal the sum of all items separately identified on the liability side of the balance
sheet and also equal total assets (see also asset item ‘Total assets/liabilities’).

1. Deposits and loans taken: this item consists of:

— deposits: transferable deposits and other deposits (see assets) placed with OFIs. These deposits are generally placed by

MFIs,

— loans: loans granted to the reporting OFIs which are not evidenced by documents or are represented by a single docu-

ment even if it has become negotiable.

L 341/152

EN

Official Journal of the European Union

27.12.2007

2. Debt securities issued: in some countries, OFIs may issue negotiable instruments with characteristics that are similar to those
of debt securities issued by MFIs. In this reporting scheme, all such instruments must be classified as debt securities.

In the case of investment funds, this item is to be allocated under ‘Other liabilities’.

3. Capital and reserves: this item comprises the amounts arising from the issue of equity capital by reporting OFIs to share-
holders or other proprietors, representing for the holder property rights in the OFI and generally an entitlement to a share
in its profits and a share in its own funds in the event of liquidation. Funds arising from undistributed benefits or funds set
aside by reporting OFIs in anticipation of likely future payments and obligations are also included. Capital and reserves com-
prise the following elements:

— equity capital,

— undistributed benefits or funds,

— specific provisions against loans, securities and other types of assets,

— operating profit/loss.

In the case of investment funds, this item is to be allocated under ‘other liabilities’.

4. Investment fund shares/units issued: this item refers to shares or units issued by investment funds other than MMFs.

5. Financial derivatives: see asset item ‘Financial derivatives’.

6. Other liabilities: all amounts that cannot be allocated in one of these main items of the liability side must be allocated in
‘other liabilities’. This item comprises liabilities such as gross amounts payable in respect of suspense items, gross amounts
payable in respect of transit items, accrued interest payable on deposits, dividends to be paid, amounts payable not related
to the main OFI business, provisions representing liabilities against third parties, margin payments made under derivative
contracts representing cash collateral placed to protect against credit risk but remaining in the ownership of the depositor
and being repayable to the depositor when the contract is closed out, net positions arising from securities lending without
cash collateral, net amounts payable in respect of future settlements of transactions in securities, other liabilities not sepa-
rately identified e.g. debt securities, financial derivatives depending on the subcategory of OFI.

Section 3: National explanatory notes

1. Data sources/data collection system: this must include:

— data sources used to compile OFI statistics, except insurance corporations and pension funds, e.g. statistical offices,

direct reporting from OFIs and/or fund managers,

— details on the collection systems, e.g. voluntary reports, business surveys, sampling, reporting subject to the exist-

ence of thresholds and grossing up.

2. Compilation procedures: the method used to compile data must be described, e.g. detailed description of

estimates/assumptions made and how series are aggregated if two series have different frequencies.

3.

Legal framework: comprehensive information on the institutions’ national legal framework must be provided. Links
with Community legislation must be specifically outlined. If several types of institutions are included under the same
category, information must be provided for all types of institutions.

4. Deviations from the ECB’s reporting instructions: NCBs must provide information on deviations from the report-

ing instructions.

Deviations from the reporting instructions may occur with respect to:

— instrument breakdown: the instrument coverage may differ from the ECB’s reporting instructions e.g. two differ-

ent instruments cannot be separately identified,

— maturity breakdown,

— geographical breakdown,

27.12.2007

EN

Official Journal of the European Union

L 341/153

— sectoral breakdown,

— valuation methods.

5.

Investment funds by type: the criteria for classifying investment funds by type must be explained e.g. a fund is clas-
sified as an equity fund when it invests at least 60 % of its total assets in equity. Information must be provided on
whether these criteria are set or defined in the public prospectus, fund rules, instruments of incorporation, established
statutes or by-laws, included in marketing documents etc.

6. Reporting population: The NCBs may classify in a specific OFI subcategory all institutions complying with the OFI
definition. They must describe all institutions included in or excluded from each OFI subcategory. Total investment
funds must include general public funds but exclude all special investor funds. Where possible, NCBs must provide esti-
mates of data coverage in terms of total assets of the total reporting population.

7.

Breaks in historical series: breaks and major changes over time in the collection, reporting coverage, reporting
schemes and compilation of the historical series must be described. In the case of breaks, the extent to which old and
new data may be considered comparable must be indicated.

8. Other comments: any other relevant comments or indications.

L 341/154

EN

Official Journal of the European Union

27.12.2007

PART 12

Securities issues statistics

Section 1: Introduction

Securities issues statistics for the euro area provide two main aggregates:

— all issues by euro area residents in any currency, and

— all issues made worldwide in euro, both domestic and international.

A principal distinction must be drawn on the basis of the residency of the issuer whereby the Eurosystem NCBs collectively
cover all issues by the residents of the euro area. The Bank for International Settlements (BIS) reports issues by the ‘rest of
the world’ (RoW), referring to all non-euro area residents, with issues by residents of each of the non-participating Member
States distinguished from the other RoW countries.

The chart below summarises the reporting requirements.

Securities issues

By euro area residents
(each NCB reporting on its domestic residents)

By RoW residents
(BIS/NCB)

Non-participating
Member States

Other countries

In euro/national
denominations

In other currencies (*)

Block A

Block C

Block B

Block D
not required

(*)

‘Other currencies’ refers to all other currencies, including the national currencies of non-participating Member States.

Section 2: Reporting requirements

TABLE 1

Block A reporting form for NCBs (*)

1.

SHORT-TERM DEBT SECURITIES

Total

ECB/NCB

MFIs other than central banks

OFIs

Insurance corp. and pension funds

Non-financial corporations

Central government

State and local government

Social security funds

DOMESTIC RESIDENT ISSUERS//EURO/NATIONAL DENOMINATIONS

Outstanding
amounts

Gross issues

Redemptions

Net issues

A1

S1

S2

S3

S4

S5

S6

S7

S8

S9

A2

S51

S52

S53

S54

S55

S56

S57

S58

S59

A3

A4

S101

S102

S103

S104

S105

S106

S107

S108

S109

S151

S152

S153

S154

S155

S156

S157

S158

S159

27.12.2007

EN

Official Journal of the European Union

L 341/155

DOMESTIC RESIDENT ISSUERS//EURO/NATIONAL DENOMINATIONS

Outstanding
amounts

Gross issues

Redemptions

Net issues

A1

A2

A3

A4

2.

LONG-TERM DEBT SECURITIES

Total

ECB/NCB

MFIs other than central banks

OFIs

Insurance corp. and pension funds

Non-financial corporations

Central government

State and local government

Social security funds

2.1 of which fixed rate issues:

Total

ECB/NCB

MFIs other than central banks

OFIs

Insurance corp. and pension funds

Non-financial corporations

Central government

State and local government

Social security funds

2.2 of which floating rate issues:

Total

ECB/NCB

MFIs other than central banks

OFIs

Insurance corp. and pension funds

Non-financial corporations

Central government

State and local government

Social security funds

2.3 of which zero coupon bonds:

Total

ECB/NCB

MFIs other than central banks

OFIs

Insurance corp. and pension funds

Non-financial corporations

S10

S11

S12

S13

S14

S15

S16

S17

S18

S19

S20

S21

S22

S23

S24

S25

S26

S27

S28

S29

S30

S31

S32

S33

S34

S35

S36

S37

S38

S39

S40

S41

S42

S60

S61

S62

S63

S64

S65

S66

S67

S68

S69

S70

S71

S72

S73

S74

S75

S76

S77

S78

S79

S80

S81

S82

S83

S84

S85

S86

S87

S88

S89

S90

S91

S92

S110

S111

S112

S113

S114

S115

S116

S117

S118

S119

S120

S121

S122

S123

S124

S125

S126

S127

S128

S129

S130

S131

S132

S133

S134

S135

S136

S137

S138

S139

S140

S141

S142

S160

S161

S162

S163

S164

S165

S166

S167

S168

S169

S170

S171

S172

S173

S174

S175

S176

S177

S178

S179

S180

S181

S182

S183

S184

S185

S186

S187

S188

S189

S190

S191

S192

L 341/156

EN

Official Journal of the European Union

27.12.2007

Central government

State and local government

Social security funds

3. QUOTED SHARES (**)

Total

MFIs other than central banks

OFIs

Insurance corp. and pension funds

Non-financial corporations

DOMESTIC RESIDENT ISSUERS//EURO/NATIONAL DENOMINATIONS

Outstanding
amounts

Gross issues

Redemptions

Net issues

A1

S43

S44

S45

S46

S47

S48

S49

S50

A2

S93

S94

S95

S96

S97

S98

S99

S100

A3

S143

S144

S145

S146

S147

S148

S149

S150

A4

S193

S194

S195

S196

S197

S198

S199

S200

(*) Debt securities other than shares refer to ‘securities other than shares, excluding financial derivatives’.
(**) Quoted shares refer to ‘quoted shares excluding investment fund and money market fund shares/units’.

TABLE 2

Block C reporting form for NCBs

DOMESTIC RESIDENT ISSUERS//OTHER CURRENCIES

Outstanding
amounts

Gross issues

Redemptions

Net issues

C1

C2

C3

C4

4.

SHORT-TERM DEBT SECURITIES

Total

MFIs other than central banks

OFIs

Insurance corp. and pension funds

Non-financial corporations

Central government

State and local government

Social security funds

5.

LONG-TERM DEBT SECURITIES

Total

MFIs other than central banks

OFIs

Insurance corp. and pension funds

Non-financial corporations

Central government

State and local government

Social security funds

S201

S202

S203

S204

S205

S206

S207

S208

S209

S210

S211

S212

S213

S214

S215

S216

S241

S242

S243

S244

S245

S246

S247

S248

S249

S250

S251

S252

S253

S254

S255

S256

S281

S282

S283

S284

S285

S286

S287

S288

S289

S290

S291

S292

S293

S294

S295

S296

S321

S322

S323

S324

S325

S326

S327

S328

S329

S330

S331

S332

S333

S334

S335

S336

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5.1 of which fixed rate issues:

Total

MFIs other than central banks

OFIs

Insurance corp. and pension funds

Non-financial corporations

Central government

State and local government

Social security funds

5.2 of which floating rate issues:

Total

MFIs other than central banks

OFIs

Insurance corp. and pension funds

Non-financial corporations

Central government

State and local government

Social security funds

5.3 of which zero coupon bonds:

Total

MFIs other than central banks

OFIs

Insurance corp. and pension funds

Non-financial corporations

Central government

State and local government

Social security funds

DOMESTIC RESIDENT ISSUERS//OTHER CURRENCIES

Outstanding
amounts

Gross issues

Redemptions

Net issues

C1

C2

C3

C4

S217

S218

S219

S220

S221

S222

S223

S224

S225

S226

S227

S228

S229

S230

S231

S232

S233

S234

S235

S236

S237

S238

S239

S240

S257

S258

S259

S260

S261

S262

S263

S264

S265

S266

S267

S268

S269

S270

S271

S272

S273

S274

S275

S276

S277

S278

S279

S280

S297

S298

S299

S300

S301

S302

S303

S304

S305

S306

S307

S308

S309

S310

S311

S312

S313

S314

S315

S316

S317

S318

S319

S320

S337

S338

S339

S340

S341

S342

S343

S344

S345

S346

S347

S348

S349

S350

S351

S352

S353

S354

S355

S356

S357

S358

S359

S360

TABLE 3

Block B Reporting form for the BIS

6.

SHORT-TERM DEBT SECURITIES

Total

NCB

MFIs other than central banks

OFIs

ROW RESIDENT ISSUERS//EURO/NATIONAL DENOMINATIONS

Outstanding
amounts

Gross issues

Redemptions

B1

B2

B3

S361

S362

S363

S364

S411

S412

S413

S414

S461

S462

S463

S464

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ROW RESIDENT ISSUERS//EURO/NATIONAL DENOMINATIONS

Outstanding
amounts

Gross issues

Redemptions

Insurance corp. and pension funds

Non-financial corporations

Central government

State and local government

Social security funds

International organisations

7.

LONG-TERM DEBT SECURITIES

Total

NCB

MFIs other than central banks

OFIs

Insurance corp. and pension funds

Non-financial corporations

Central government

State and local government

Social security funds

International organisations

7.1 of which fixed rate issues:

Total

NCB

MFIs other than central banks

OFIs

Insurance corp. and pension funds

Non-financial corporations

Central government

State and local government

Social security funds

International organisations

7.2 of which floating rate issues:

Total

NCB

MFIs other than central banks

OFIs

Insurance corp. and pension funds

Non-financial corporations

Central government

State and local government

Social security funds

International organisations

B1

S365

S366

S367

S368

S369

S370

S371

S372

S373

S374

S375

S376

S377

S378

S379

S380

S381

S382

S383

S384

S385

S386

S387

S388

S389

S390

S391

S392

S393

S394

S395

S396

S397

S398

S399

S400

B2

S415

S416

S417

S418

S419

S420

S421

S422

S423

S424

S425

S426

S427

S428

S429

S430

S431

S432

S433

S434

S435

S436

S437

S438

S439

S440

S441

S442

S443

S444

S445

S446

S447

S448

S449

S450

B3

S465

S466

S467

S468

S469

S470

S471

S472

S473

S474

S475

S476

S477

S478

S479

S480

S481

S482

S483

S484

S485

S486

S487

S488

S489

S490

S491

S492

S493

S494

S495

S496

S497

S498

S499

S500

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Official Journal of the European Union

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7.3 of which zero coupon bonds:

Total

NCB

MFIs other than central banks

OFIs

Insurance corp. and pension funds

Non-financial corporations

Central government

State and local government

Social security funds

International organisations

ROW RESIDENT ISSUERS//EURO/NATIONAL DENOMINATIONS

Outstanding
amounts

Gross issues

Redemptions

B1

B2

B3

S401

S402

S403

S404

S405

S406

S407

S408

S409

S410

S451

S452

S453

S454

S455

S456

S457

S458

S459

S460

S501

S502

S503

S504

S505

S506

S507

S508

S509

S510

TABLE 4

Block A memorandum items reporting form for NCBs

DOMESTIC RESIDENT ISSUERS//EURO/NATIONAL DENOMINATIONS

Outstanding
amounts

Gross issues

Redemptions

Net issues

A1

A2

A3

A4

S511

S512

S513

S514

S515

S516

S517

S518

S519

S520

S521

S522

S523

S524

S525

S526

S526

S526

S526

S526

S531

S532

S533

S534

S535

S536

S536

S536

S536

S536

S541

S542

S543

S544

S545

S546

S546

S546

S546

S546

8. UNQUOTED SHARES

Total

MFIs other than central banks

OFIs

Insurance corp. and pension funds

Non-financial corporations

9. OTHER EQUITY

Total

MFIs other than central banks

OFIs

Insurance corp. and pension funds

Non-financial corporations

1. Residency of the issuer

Issues by subsidiaries owned by the reporting country’s non-residents operating in the reporting country’s economic terri-
tory must be classified as issues by the reporting country’s resident units.

Issues by head offices located in the reporting country’s economic territory which operate internationally must also be con-
sidered as issues by resident units. Issues by head offices or subsidiaries located outside the reporting country’s economic
territory but owned by residents of the reporting country must be considered as issues by non-residents. For example, issues
by Volkswagen Brazil are considered to have been carried out by units resident in Brazil and not in the reporting country’s
territory.

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To avoid double counting or gaps, the reporting of issues by financial vehicle corporations must be addressed bilaterally,
involving the BIS and NCBs concerned. NCBs and not the BIS must report issues by financial vehicles corporations which
fulfil the residency criteria of ESA 95 and are classified as euro area residents.

2.

Sectoral breakdown of issuers

Issues must be classified according to the sector incurring the liability for the securities issued. Securities issued through FVC
where the liability for the issue is incurred by the parent organisation and not the FVC must be attributed to the parent
organisation and not the FVC. For example, issues by a FVC of Philips must be allocated to the non-financial corporation
sector and reported by the Netherlands. However, the FVC and its parent must be located in the same country. Hence, where
the parent company is not a resident of the reporting country, the FVC must be treated as a notional resident of the report-
ing country, and the issuing sector must be OFIs. For example, issues by Toyota Motor Finance Netherlands BV must be
attributed to OFIs of the Netherlands, because the parent company ‘Toyota’ is not resident in the Netherlands.

The sectoral classification comprises the following nine types of issuers:

— ECB/NCBs,

— monetary financial institutions (MFIs),

— other financial intermediaries,

— insurance corporations and pension funds,

— non-financial corporations,

— central government,

— State and local government,

— social security funds,

— international institutions.

If a public corporation becomes privatised by issuing quoted shares, the issuing sector must be classified as ‘non-financial
corporations’. Similarly, if a public CI is privatised, the issuing sector must be classifed ‘MFIs other than central banks’. Issues
by households or non-profit institutions serving households must be classified as issues by ‘non-financial corporations’.

The BIS follows the mappings between the sectoral breakdown of issuers available in the BIS database and those requested
in the report forms, as shown in the chart below.

Sectoral breakdown in BIS database

Classification in report forms

Central bank

Commercial banks

OFI

Central government

Other government State agencies

Corporations

International institutions

3. Maturity of issues

NCB and ECB

MFIs

OFIs

Central government

State and local government

Non-financial corporations

International institutions (RoW)

Short-term debt securities comprise securities that have an original maturity of one year or less, even if they are issued under
longer-term facilities.

Long-term debt securities comprise securities that have an original maturity of more than one year. Issues with optional matu-
rity dates, the latest of which is more than one year away, and issues with indefinite maturity dates, are classified as long-
term. As proposed in paragraph 5.22 of the ESA 95, the maturity breakdown may be flexible, i.e. in exceptional cases short-
term securities may have an original maturity of two years.

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The methodology currently applied by the BIS differs. The BIS considers all ECP and other euronotes drawn under a short-
term programme as short-term instruments, and all instruments issued under long-term documentation as long-term instru-
ments whatever their original maturity.

A two-year maturity split as in the MFI balance sheet statistics is not considered necessary.

4. Classification of issues

Issues are analysed under two broad groupings: (1) debt securities i.e. securities other than shares excluding financial deriva-
tives (1); and (2) quoted shares excluding investment fund shares/units (2). Private placements are covered as far as possible.
Money market paper is included as part of debt securities. Unquoted shares and other equity may be reported on a volun-
tary basis as memo items.

The following instruments contained in the BIS database are classified as debt securities:

— certificates of deposit,

— commercial paper,

— treasury bills,

— bonds,

— Euro commercial paper (ECP),

— medium-term notes,

— other short-term paper.

(a) Debt securities

(i)

Short-term debt securities

The following instruments are included as a minimum:

— treasury bills and other short-term paper issued by general government,

— negotiable short-term paper issued by financial and by non-financial corporations. A variety of terms are used
for such paper including: commercial paper, commercial bills, promissory notes, bills of trade, bills of
exchange and certificates of deposit,

— short-term securities issued under long-term underwritten note issuance facilities,

— bankers’ acceptances.

(ii)

Long-term debt securities

The following instruments are illustrative and included as a minimum:

— bearer bonds,

— subordinated bonds,

— bonds with optional maturity dates, the latest of which is more than one year away,

— undated or perpetual bonds,

— variable rate notes,

— convertible bonds,

— index-linked securities where the value of the principal is linked to a price index, the price of a commodity

or to an exchange rate index,

(1) ESA 95 category F.33.
(2) ESA 95 category F.511.

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— deep-discounted bonds,

— zero coupon bonds,

— euro bonds,

— global bonds,

— privately issued bonds,

— securities resulting from the conversion of loans,

— loans that have become negotiable de facto,

— debentures and loan stock convertible into shares, whether shares of the issuing corporation or shares of
another company, so long as they have not been converted. Where separable from the underlying bond, the
conversion option, considered to be a financial derivative, is excluded,

— shares or stocks that pay a fixed income but do not provide for participation in the distribution of the residual

value of the corporation on dissolution, including non-participating preference shares,

— financial assets issued as part of the securitisation of loans, mortgages, credit card debt, accounts receivable

and other assets.

The following instruments are excluded:

— transactions in securities as part of repurchase agreements,

— issues of non-negotiable securities,

— non-negotiable loans.

Long-term debt securities issues are divided into:

— fixed rate issues, i.e bonds whose nominal coupon payment does not change during the life of the issue,

— variable rate issues, i.e bonds where the coupon rate or underlying principal are linked to an interest rate or

some other index resulting in a variable nominal coupon payment over the life of the issue,

— zero coupon issues, i.e instruments that do not pay any periodic coupon payments. Usually such bonds are
issued at discount and redeemed at par. Most of the discount represents the equivalent of the interest accrued
during the life of the bond.

(b) Quoted shares

Quoted shares include:

— capital shares issued by limited liability companies,

— redeemed shares in limited liability companies,

— dividend shares issued by limited liability companies,

— preferred or preference stocks or shares which provide for participation in the distribution of the residual value

on dissolution of a corporation. These may be quoted or unquoted on a recognised exchange,

— private placements where possible.

If a company is privatised and the government keeps part of the shares but the other part is quoted on a regulated mar-
ket, the whole value of the company’s capital is recorded within the outstanding amounts of quoted shares, since all
shares could potentially be traded at any time at market value. The same applies if part of the shares is sold to large
investors and only the remaining part, i.e. free float, is traded on the stock exchange.

Quoted shares exclude:

— shares offered for sale but not taken up on issue,

— debentures and loan stock convertible into shares. These are included once they are converted into shares,

— the equity of partners with unlimited liability in incorporated partnerships,

— government investments in the capital of international organisations which are legally constituted as corpora-

tions with share capital,

— issues of bonus shares at the time of issue only and split share issues. Bonus shares and split shares are however

included indistinguishably in the total stock of quoted shares.

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5. Currency of issue

Dual currency bonds, where the bond is redeemed or the coupon paid in a different currency from the denomination of the
bond, must be classified according to the denomination of the bond. If a global bond is issued in more than one currency,
each portion must be reported as a separate issue, according to its currency of issue. Where issues are denominated in two
currencies, for example 70 % in euro and 30 % in US dollars, the relevant components of the issue must be reported sepa-
rately where possible according to the currency denomination. Hence 70 % of the issue must be reported as issues in
euro/national denominations (1) and 30 % as issues in other currencies. Where it is not possible to separately identify the
currency components of an issue, the actual breakdown made by the reporting country must be indicated in the national
explanatory notes.

Quoted shares must be assumed to be issued in the currency of the corporation’s country of residence; issues of shares in
other currencies are negligible or non-existent. Hence, the data on quoted shares refer to all issues by euro area residents
which are listed within the euro area only.

6.

Time of recording issue

An issue is considered to have occurred when the issuer receives payment, and not when the syndicate takes up the
commitment.

7. Reconciliation of stocks and flows

NCBs must submit information on outstanding amounts, gross issues, redemptions and net issues of short-term and long-
term debt securities and on quoted shares.

The chart below illustrates the link between stocks (i.e. outstanding amounts) and flows (i.e. gross issues, redemptions and
net issues). In practice, the link is more complex due to price and exchange-rate valuation changes, reinvested (i.e. accrued)
interest, reclassifications, revisions and other adjustments (2).

(a) Outstanding issues at

end of reporting period

≈

(b) Outstanding issues at

end of reporting period

≈

Outstanding issues at
end of previous report-
ing period

Outstanding issues at
end of previous report-
ing period

+

+

Gross issues during
reporting period

Redemptions during
reporting period

—

Net issues during
reporting period

(a) Gross issues

Gross issues during the reporting period must include all issues of debt securities and quoted shares where the issuer sells
newly created securities for cash. They concern the regular creation of new instruments. The point in time at which issues
have been concluded is defined as the time at which payment is made; the recording of issues must therefore reflect as closely
as possible the timing of payment for the underlying issue.

The gross issues cover the newly created shares which are issued for cash by corporations quoted on a stock exchange for
the first time, including newly created companies or private companies becoming public companies. Gross issues also cover
the newly created shares which are issued against cash during the privatisation of public corporations when the corpora-
tion’s shares become quoted on a stock exchange. The issue of bonus shares must be excluded (3). Gross issues must not be
reported in the event of a sole listing of a corporation on a stock exchange where no new capital is raised.

The exchange or transfer of already existing securities during a takeover or merger is not covered (4) within the reported
gross issues or redemptions, except for the new instruments which are created and issued against cash by a euro area resi-
dent entity.

Issues of securities which can later be converted into other instruments must be recorded as issues in their original instru-
ment category; on conversion they are redeemed from this instrument category with an identical amount and then treated
as gross issue in a new category (5).

(1) Block A for NCBs and Block B for the BIS.
(2) ESA 95 category F.511.
(3) Not defined as a financial transaction; see paragraphs 5.93 and 6.56 of the ESA 95, and Section 4 (b) of this Part.
(4) Transaction on a secondary market involving a change of the holder; not covered by these statistics.
(5) Considered as two financial transactions; see paragraphs 5.62 and 6.54 of the ESA 95, and Section 4 (a) (ii) of this Part.

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(b) Redemptions

Redemptions during the reporting period cover all repurchases of debt securities and quoted shares by the issuer, where the
investor receives cash for the securities. Redemptions concern the regular deletion of instruments. They cover all debt secu-
rities reaching their maturity date, as well as early redemptions. Company share buy-backs are covered, if the company repur-
chases all shares against cash prior to a change of its legal form, or part of its shares against cash which are cancelled, leading
to a reduction in capital. Company share buy-backs are not covered if they are investments in own shares (1).

Redemptions must not be reported in the event of a sole delisting from a stock exchange.

(c) Net issues

Net issues are the balance of all issues made minus all redemptions that have occurred during the reporting period.

The outstanding amounts of quoted shares must cover the market value of all the quoted shares of the resident entities. The
outstanding amounts of quoted shares reported by a euro area country may therefore increase or decrease following a relo-
cation of a listed entity. This also applies in the event of a takeover or merger where no instruments are created and issued
against cash and/or redeemed against cash and cancelled. To avoid double counting or gaps for debt securities and quoted
shares in the event of an issuer relocation to another resident country, the NCBs must coordinate the timing of reporting of
such an event bilaterally.

8. Valuation

The value of securities issues comprises a price component and, where issues are denominated in currencies other than the
reporting currency, an exchange rate component.

NCBs must report debt securities at nominal value (i.e face value) and quoted shares at market value (i.e transaction value).
For long-term debt securities the types of issue (fixed rate, variable rate and zero coupon bonds) may be valued using dif-
ferent methods, resulting in a mixed valuation for the total. For example, fixed and variable issues are typically valued at
nominal value and zero coupon bonds at the effective amount paid. Generally, the relative amount of zero coupon bonds is
small, so that no provision for a mixed valuation value has been made in the code list; the total amount of long-term debt
securities is reported at nominal value (N). Where the magnitude of the phenomenon is significant, the value ‘Z’ for ‘not speci-
fied’ is used. In general, whenever there is a situation where mixed valuation occurs, details are provided by the NCB at the
attribute level according to the attributes in Annex IV.

(a)

Price valuation

Stocks and flows of quoted shares must be reported at market value; stocks and flows of debt securities at nominal
value. An exception to the recording of stocks and flows of debt securities at nominal value is made in respect of deep-
discounted and zero coupon bonds, where the issues are recorded at the effective amount paid, i.e. the discounted price
at the time of purchase, and the redemptions at maturity at nominal value. The outstanding amounts of deep-discounted
and zero coupon bonds are the effective amount paid plus accrued interest as shown below.

( t
T)

A = E ×(

100

(E / P) × 100)

where

A = effective amount paid and accrued interest

E

P

T

t

= effective value (amount paid at the time of issuance or redemption)

= nominal value (repaid at end of maturity)

= time to maturity from issue date (in days)

= time passed since issue date (in days)

There may be certain differences in the price valuation procedure used across countries.

(1) Transaction on a secondary market involving a change of the holder; not covered by these statistics.

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The ESA 95 price valuation approach, which requires flows for debt securities and shares to be recorded at transaction
value and stocks at market value, is not applied in this context.

Current BIS valuation rules are face value for debt securities and issue price for quoted shares. For deep discounted and
zero coupon bonds, the reporting NCB must calculate accrued interest where feasible.

(b) Reporting currency and exchange rate valuation

NCBs must report all data to the ECB expressed in euro, including historical series. For the conversion into euro of secu-
rities issued by domestic residents in other currencies (Block C) (1), NCBs must follow as closely as possible the exchange
rate valuation principles based on the ESA 95 (2):

(i)

outstanding issues must be converted into euro/national denominations at the relevant mid-market exchange rate
prevailing at the end of the reporting period, i.e. the close of business on the last working day of the reporting
period; and

(ii)

gross issues and redemptions must be converted into euro/national denominations using the mid-market exchange
rate prevailing at the time of payment. If it is not possible to identify the exact exchange rate applicable for the
conversion, an exchange rate that is as close as possible to the mid-market rate at the time of payment may be
used.

For periods prior to 1 January 1999, NCBs must follow as closely as possible these ESA 95 standards to convert all non-
domestic currency issues, redemptions and outstanding amounts into the reporting countries’ euro/national denomination.
For the purposes of sending the data to the ECB, the whole time series must then be converted into euro applying the irre-
vocable conversion rates of 31 December 1998.

The BIS reports to the ECB all issues by RoW residents in euro/national denominations (Block B) in US dollars using the
end-of-period exchange rate for amounts outstanding and the period’s average exchange rate for issues and redemptions.
The ECB converts all data into euro using the same principle that was initially applied by the BIS. Prior to 1 January 1999
the exchange rate between the ECU and the US dollar must be used as proxy.

9. Conceptual consistency

Securities issues statistics and MFI balance sheet statistics are linked for the purposes of issues of negotiable instruments by
MFIs. The coverage of instruments and the MFIs that issue them are conceptually consistent, as well as the allocation of
instruments to maturity bands and the currency breakdown. Differences between securities issues statistics and MFI balance
sheet statistics exist regarding the valuation principles (i.e nominal value for the former and market value for the latter).
Except for valuation differences, for each country the outstanding amount of securities issued by MFIs reported for securities
issues statistics correspond to items 11 (‘debt securities issued’) and 12 (‘money market paper’) on the liability side of the
MFI balance sheets. Short-term securities as defined for securities issues statistics correspond to the sum of money market
paper and debt securities issued up to one year. Long-term securities as defined for securities issues statistics equal the sum
of debt securities issued over one and up to two years and debt securities issued over two years.

NCBs must review the coverage of the securities issue statistics and the MFI balance sheet statistics and indicate to the ECB
any conceptual differences. Three types of consistency checks are performed: for issues by (1) NCBs in euro/national denomi-
nations; and (2) MFIs other than central banks in euro/national denominations; and (3) MFIs other than central banks in other
currencies. There may be minor differences, since the securities issue statistics and the MFI balance sheet statistics are derived
from national reporting systems with different purposes.

(1) Since 1 January 1999, for securities issued by domestic residents in euro (part of Block A) no exchange rate valuation is required, and
securities issued by domestic residents in euro/national denominations (remaining part of Block A) are converted into euro applying the
irrevocable conversion rates of 31 December 1998.

(2) ESA 95, paragraph 6.58.

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10. Data requirements

Statistical returns are expected from each country for each applicable time series. NCBs must notify the ECB promptly in
writing with explanations if a particular item does not apply in a particular country. NCBs may not report the time series
temporarily if the underlying phenomenon does not exist. NCBs must also notify this occurrence or any other changes to
the coding scheme described in Annex IV. Furthermore, they must inform ECB when revisions are sent together with expla-
nations on the nature of these revisions.

Section 3: National explanatory notes

Each NCB must submit one report describing the data provided in the context of this exercise. The report must cover the
topics detailed below and follow as closely as possible the proposed layout. NCBs must provide additional information on
instances where data reported do not comply with the Guideline, or where they have not provided the data, and the reasons
for this. They must transmit the report to the ECB as a Word document by Cebamail. The report may not be submitted later
than the data.

1. Data sources/data collection system: details of the data sources used to compile securities issues statistics must be
given: administrative sources for government issues, direct reporting from MFIs and other institutions, newspapers, and data
providers such as the International Financial Review etc. NCBs must indicate whether the data are collected and stored on an
issue-by-issue basis, and their criteria. Alternatively, NCBs must indicate whether the data are collected and stored indistin-
guishably as amounts issued by individual issuers during a reporting period, e.g. for direct data collection systems. NCBs
must provide information on the criteria used in direct reporting to identify the reporting agents and the information to be
submitted.

2. Compilation procedures: the method used to compile data in this exercise must be briefly described, for example
aggregation of information on individual securities issues, arrangements for existing times series and whether published or
not.

3. Residence of the issuer: NCBs must specify whether it is possible to apply fully the ESA 95 (and IMF) definition of
residency in classifying issues. If this is not possible, or only partially possible, NCBs must provide a full explanation of the
criteria actually used.

4. Sectoral breakdown of issuers: NCBs must indicate deviations from the classification of issuers according to the sec-
toral breakdown defined in Section 2 point 2. The notes must explain the identified deviations and any grey areas.

5. Currency of issue: if it is not possible to separately identify currency components of an issue, NCBs must explain devia-
tions from the rules. Furthermore, NCBs that cannot distinguish for all securities between issues in local denominations, in
other euro/national denominations and in other currencies, must describe where such issues have been classified and indi-
cate the total amount of issues that were not properly allocated to illustrate the size of the distortion.

6. Classification of issues: NCBs must provide comprehensive information on the type of securities covered by the
national data, including their national terms. If coverage is known to be partial, NCBs must explain existing gaps.

— Private placements: NCBs must indicate whether or not they are covered in the reported data,

— Bankers’ acceptances: if negotiable and included in the reported data for short-term debt securities, the reporting coun-
try must explain in the national explanatory notes the national procedures for recording these instruments and the
nature of these instruments,

— Quoted shares: NCBs must indicate whether unquoted shares or other equity are covered in the reported data with an
estimate of the amount of unquoted shares and/or other equity to illustrate the size of the distortion. NCBs must indi-
cate in the national explanatory notes any known gaps in the coverage of quoted shares.

7.
Instrument analysis of long-term securities: if the sum of fixed rate, variable rate and zero coupon bonds does not
add up to the total for long-term debt securities, NCBs must give the type and amount of long-term securities for which no
such breakdown is available.

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8. Maturity of issues: if the strict application of the short and long-term definitions cannot be followed, NCBs must indi-
cate in the national explanatory notes where the reported data deviate.

9. Redemptions: NCBs must specify how they derive the information on redemptions and whether the information is
collected by direct reporting or calculated by residual.

10. Price valuation: NCBs must specify in detail in the national explanatory notes the valuation procedure used for (1)
short-term debt securities; (2) long-term debt securities; (3) discounted bonds; and (4) quoted shares. Any valuation differ-
ence for stocks and flows must be explained.

11. Reporting frequency, timeliness and time range: the extent to which the data compiled for this exercise has been
provided in conformity with the user requirements i.e. for monthly data, with a timeliness of five weeks, must be indicated.
The length of the time series provided must also be given. Any breaks in the series must be reported, for example differences
in the coverage of securities over time.

12. Revisions: brief explanatory notes for any revisions must clarify the reason for them and their extent.

13. Estimated coverage per instrument issued by domestic residents: NCBs must give national estimates of the cov-
erage of securities for each category of issues by domestic residents, i.e. issues of short-term securities, long-term securities,
and quoted shares, in local currency, other euro/national denominations including ECU, and other currencies according to
the table below. The estimates for ‘coverage in %’ must indicate the share of securities covered in each instrument category
as percentages of the total issue, which must be reported under the relevant heading following the reporting rules. Brief
descriptions may be provided in ‘comments’. NCBs must also indicate any changes in coverage as a result of joining mon-
etary union.

Coverage in %:

Comments:

Issues in euro/national
denominations

Local

denomination

Euro/national denomina-
tions other than the local
currency including ECU

In other currencies

STS = short-term debt securities.
LTS = long-term debt securities.
QUS = quoted shares.

STS

LTS

QUS

STS

LTS

STS

LTS

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PART 13

Payments statistics

Section 1: Settlement media

Settlement media are assets or claims on assets which are used for payments.

TABLE 1

Settlement media used by non-MFIs (*)

Items

I. NCB liabilities
Deposits held at NCB

II. Other MFI liabilities
Deposits held at OMFIs

of domestic central government
of other euro area Member States cen-
tral governments
of rest of the world, except banks

of domestic central government
of other euro area Member States cen-
tral governments
of rest of the world, except banks

of domestic central government
of euro area central governments
of rest of the world, except banks

of domestic central government
of euro area central governments
of rest of the world, except banks

I.a Overnight deposits
–

Euro

I.b Overnight deposits
– Other currencies

(*) EUR million, end of period.

TABLE 2

Settlement media used by credit institutions (*)

Items

Overnight deposits in euro held at other credit institutions (end of period)

Memorandum item:
Intraday borrowing in euro from the central bank (average for last reserve maintenance period) (1)

(*) EUR million
(1) Total value of credit extended by the central bank to credit institutions and reimbursed within a period of less than one business day. This
is the average of the daily maximum value of simultaneous and actual intraday overdraft positions or drawings on intraday credit facilities
during the day for all credit institutions taken together.

Section 2: Institutions offering payment services

Institutions offering payment services are legally independent institutions operating in the reporting country, and are:

— the central bank,

— credit institutions legally incorporated in the reporting country (includes ‘Electronic money institutions’),

— branches of euro area-based credit institutions,

— branches of EEA-based credit institutions outside the euro area,

— branches of non-EEA-based banks,

— other institutions offering payment services to non-MFIs.

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Official Journal of the European Union

L 341/169

TABLE 3

Institutions offering payment services to non-MFIs (*)

Central bank

Number of offices

Items

Credit institutions irrespective of their
legal incorporation

Number of overnight deposits held by non-MFI (2) (thousands)

Number of overnight deposits held by non-MFI (2) (thousands)

of which: Internet/PC-linked (2) (thousands)

— Credit institutions legally incor-
porated in the reporting country

Number of institutions (1)

Number of offices

Value of overnight deposits held by non-MFI (2) (euro million)

— Branches of euro area-based

Number of institutions (1)

credit institutions

Number of offices

Value of overnight deposits held by non-MFI (2) (euro million)

— Branches of EEA-based credit

Number of institutions (1)

institutions outside the euro area

Number of offices

Value of overnight deposits held by non-MFI (2) (euro million)

— Branches of non-EEA-based

Number of institutions (1)

banks

Number of offices

Value of overnight deposits held by non-MFI (2) (euro million)

Other institutions offering payment
services to non-MFIs

Number of institutions (1)

Number of offices

Number of overnight deposits held by non-MFI (2) (thousands)

Value of overnight deposits held by non-MFI (2) (euro million)

Memorandum items

Electronic money institutions

Number of institutions (1)

Outstanding value of e-money issued by electronic money institutions and held by
entities other than the issuer, including credit institutions other than the issuer
(euro million)

(*) End of period
(1) Each institution is counted once, irrespective of the number of offices it maintains in the country. The sub-categories of institutions are
mutually exclusive. The total number of institutions is the sum of all sub-categories. Institutions are included from the first time that they
are reported to the ECB for the purposes of MFI statistics.
If a non-MFI maintains several accounts, each account is counted separately.

(2)

— Number of offices includes the head office of the institution if it offers payment services with cashless clearing and settle-
ment. Mobile offices are not included. Each place of business set up in the same reporting country is counted separately,

— Internet/PC-linked overnight deposits: overnight deposits with telephone or mobile phone banking access are not

included, unless they are also accessible via Internet or PC banking applications.

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Section 3: Payment card functions and accepting devices

TABLE 4

Payment card functions and accepting devices (*)

Items

Number of cards issued in the country (1)

Terminals located in the country (1)

Number of cards with a cash function
Number of cards with a payment function except cards with an
e-money function only (2)
— with a debit function
— with a delayed debit function
— with a credit function
— with a debit and/or delayed debit function (3)
— with a credit and/or delayed debit function (4)
Number of cards with an e-money function
— cards which have been loaded at least once
Total number of cards with any number of functions (5)
— with a combined debit, cash and e-money function (6)

ATMs (7)
— with a cash withdrawal function
— with a credit transfer function

POS terminals
— EFTPOS terminals

E-money card terminals (7)
— card-loading/unloading terminals
— card-accepting terminals

(*) Original units, end of period
(1) Cards or terminals offering several functions are counted in each applicable sub-category.
(2) Cards offering several functions are counted only once. However, each payment function is also indicated under each relevant sub-category.
(3) Only if data on ‘Cards with a debit function’ and ‘Cards with a delayed debit function’ are not available separately.
(4) Only if data on ‘Cards with a credit function’ and ‘Cards with a delayed debit function’ are not available separately.
(5) Cards with multiple functions must be counted only once.
(6)
(7)

Indicate any supplementary functions for these cards, e.g. credit function, in the end-notes.
If a terminal offers several functions, it is counted only once. However, each function is also indicated under each relevant sub-category.

1. Cards

Cards are counted on the card-issuing side. Each country reports the number of cards which have been issued in the country
and used for transactions within and outside the country of issue.

If a card offers several of the functions listed below, it is counted in each applicable sub-category. Thus, the total number of
cards may be smaller than the sum of the sub-categories, and to avoid double counting, sub-categories must not be added
up.

Card functions comprise:

— Cash function: this enables the cardholder to withdraw cash from a cash dispenser and/or to deposit cash. The cash

function is usually combined with a payment function.

— Payment function (except e-money function): debit function, and/or delayed debit function and/or credit function. The
card may also have other functions, such as an e-money function, but cards with only an e-money function are not
counted in this category.

— Debit function: It enables cardholders to have their purchases directly and immediately charged to their accounts,
whether held with the card issuer or not. It may be linked to an account offering overdraft facilities as an additional
feature.

— Delayed debit function: It enables cardholders to have their purchases charged to an account with the card issuer, up to

an authorised limit. The balance in this account is then settled in full at the end of a pre-defined period.

— Credit function: It enables cardholders to make purchases and/or withdraw cash up to a prearranged ceiling. The credit
granted may be settled in full by the end of a specified period or may be settled in part, with the balance taken as
extended credit on which interest is usually charged.

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— Cards with a debit and/or delayed debit function: this category is only reported if the data cannot be broken down into

‘Cards with a debit function’ and ‘Cards with a delayed debit function’.

— Cards with a credit and/or delayed debit function: this category is only reported if the data cannot be broken down into

‘Cards with a credit function’ and ‘Cards with a delayed debit function’.

— E-money function: cards on which electronic money can be stored directly.

2.

Terminals

All terminals located in the country are counted. Non-physical access points, such as Internet or telephone access to ser-
vices, are not included. If a terminal offers several functions, it is counted in each applicable sub-category. Thus, the total
number of terminals may be smaller than the sum of the sub-categories, and to avoid double-counting sub-categories must
not be added up.

Section 4: Payment and terminal transactions involving non-MFIs

1.

Transactions per type of payment instrument

This section comprises all transactions initiated by non-MFIs, as well as transactions initiated by MFIs if the other side of the
transaction is a non-MFI. It includes transactions denominated in foreign currency and initiated in the country. Data are recal-
culated using the ECB reference exchange rate. In the case of bulk payments, each individual payment is counted.

2.

Transactions per type of terminal

This section comprises cash and cashless transactions performed at a physical (not virtual) terminal. The scope of payment
transactions with cards reported in this section is smaller than that of transactions reported in Section 4, point 1 ‘Transac-
tions per type of payment instrument’, since card transactions at virtual points of sale, e.g. over the Internet or the tele-
phone, are excluded, while such transactions are reported in Section 4, point 1.

Transactions per type of terminal are counted on three different levels according to the location of the terminal and the resi-
dency of the card issuer. If no distinction according to the location of the terminal and/or the residency of the card issuer is
possible, transactions are included under the item ‘a) Terminals located in the country with cards issued in the country’ as the most
common category and an explanation is to be provided in the ‘end-notes’.

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Payment and terminal transactions involving non-MFIs — number of transactions (*)

TABLE 5

Transactions per type of payment instrument (1)

Transactions per type of terminal (1)

Items

Credit transfers

— Paper-based
— Non-paper-based

Direct debits
Card payments with cards issued in the country except
cards with an e-money function only
— with a debit function
— with a delayed debit function
— with a credit function
— with debit and/or delayed debit function (2)
— with credit and/or delayed debit function (3)

E-money purchase transactions

— with cards with an e-money function
— with other e-money storages

(c)

Cheques
Other payment instruments
Total transactions with payment instruments
— Cross-border transactions sent

Memorandum items:
Cross-border transactions received (4)
Credits to the accounts by simple book entry
Debits from the accounts by simple book entry

(a)

Terminals located in the country with cards issued in the
country
ATM cash withdrawals
ATM cash deposits
POS transactions irrespective of type of card used
E-money card-loading/unloading transactions
(b) Terminals located in the country with cards issued outside

the country
ATM cash withdrawals
ATM cash deposits
POS transactions irrespective of type of card used
E-money card-loading/unloading transactions
Terminals located outside the country with cards issued in
the country
ATM cash withdrawals
ATM cash deposits
POS transactions irrespective of type of card used
E-money card-loading/unloading transactions

Memorandum items:
Cash advances at POS terminals
OTC cash withdrawals
OTC cash deposits

(*) million, total for the period
(1) Each transaction is reported only in one sub-category.
(2) Only if data on ‘Payments with cards with a debit function’ and ‘Payments with cards with a delayed debit function’ are not available sepa-

rately.

(3) Only if data on ‘Payments with cards with a credit function’ and ‘Payments with cards with a delayed debit function’ are not available sepa-

rately.

(4) Only if figures on transactions received are available.

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Official Journal of the European Union

L 341/173

Payment and terminal transactions involving non-MFIs — value of transactions (*)

TABLE 6

Transactions per type of payment instrument (1)

Transactions per type of terminal (1)

Items

Credit transfers

— Paper-based
— Non-paper-based

Direct debits
Card payments with cards issued in the country except
cards with an e-money function only
— with a debit function
— with a delayed debit function
— with a credit function
— with debit and/or delayed debit function (2)
— with credit and/or delayed debit function (3)

E-money purchase transactions

— with cards with an e-money function
— with other e-money storages

(c)

Cheques
Other payment instruments
Total transactions with payment instruments
— Cross-border transactions sent

Memorandum items:
Cross-border transactions received (4)
Credits to the accounts by simple book entry
Debits from the accounts by simple book entry

(a)

Terminals located in the country with cards issued in the
country
ATM cash withdrawals
ATM cash deposits
POS transactions irrespective of type of card used
E-money card-loading/unloading transactions
(b) Terminals located in the country with cards issued outside

the country
ATM cash withdrawals
ATM cash deposits
POS transactions irrespective of type of card used
E-money card-loading/unloading transactions
Terminals located outside the country with cards issued in
the country
ATM cash withdrawals
ATM cash deposits
POS transactions irrespective of type of card used
E-money card-loading/unloading transactions

Memorandum items:
Cash advances at POS terminals
OTC cash withdrawals
OTC cash deposits

(*) EUR million, total for the period
(1) Each transaction is reported only in one sub-category.
(2) Only if data on ‘Payments with cards with a debit function’ and ‘Payments with cards with a delayed debit function’ are not available sepa-

rately.

(3) Only if data on ‘Payments with cards with a credit function’ and ‘Payments with cards with a delayed debit function’ are not available sepa-

rately.

(4) Only if figures on transactions received are available.

— Credit transfers are counted on the payer’s side. They include postal orders and money orders.

Credit transfers are either paper-based or non-paper-based:

(i) Paper-based credit transfers: credit transfers which the payer submits in paper-based form;

(ii) Non-paper based credit transfers: credit transfers which the payer submits without the use of paper forms, i.e.

electronically.

— Direct debits are counted on the payee’s side. Both one-off and recurrent direct debits are included. In the case of recur-

rent direct debits, each individual payment is counted as one transaction.

— Card payments with cards issued in the country, except cards with an e-money function only, are counted on the card-

issuing side. E-money transactions are not included.

— E-money purchase transactions are counted on the issuing side of the card or other storage used. Only transactions

with cards or storages issued in the country are reported.

— Cheques are counted on the payee’s side when submitted for cheque clearing. Cheques issued but not submitted for

clearing are not included.

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— Other payment instruments. Payments with instruments that exist in some countries that cannot be included in any of
the other categories of payment instrument e.g. bills of exchange, including truncated bills of exchange. The ‘end-notes’
will specify which instruments are included.

— Cross-border transactions sent. Sub-category of ‘Total number/value of transactions with payment instruments’.

— Cross-border transactions received. Information is provided if available in the reporting country. Credit transfers are
counted on the payee’s (i.e. instruction recipient’s) side. Direct debits and cheques are counted on the payer’s (i.e. instruc-
tion recipient’s) side. Card transactions are counted on the acquiring (i.e. payee’s) side.

— Credits to the accounts by simple book entry. Mandatory data element, i.e. data need to be reported as soon as feasible

in the national context.

— Debits from the accounts by simple book entry. Mandatory data element, i.e. data need to be reported as soon as fea-

sible in the national context.

— Credits to/debits from the accounts by simple book entry are to be excluded from credit transfers, direct debits or any
other category of traditional payment instruments and shall only be reported under the corresponding memo items.
This applies also to back data, subject to data availability.

— Automatic teller machine (ATM) cash withdrawals. Cash withdrawals performed at an ATM using a card with a cash
function. Cash advances at POS terminals using a card with a debit, credit or delayed debit function are not included
but are reported under ‘POS transactions’.

— ATM cash deposits. Cash deposits performed at an ATM using a card with a cash function.

— POS transactions comprise of transactions at EFTPOS terminals and transactions using manual imprinters. Include cash
advances at POS terminals; if these can be distinguished, they are also reported in the memorandum item ‘Cash advances
at POS terminals’.

— E-money card-loading/card-unloading transactions. Both loading and unloading transactions are included.

— OTC cash withdrawals are not included in the breakdown of payment instruments. However, data may be reported as

memorandum items if available.

— OTC cash deposits are not included in the breakdown of payment instruments. However, data may be reported as

memorandum items if available.

Section 5: Selected interbank funds transfer systems

Interbank funds transfer systems (IFTSs) are included, whether managed by a central bank or a private operator. Figures are
provided on a system-by-system basis. Only systems handling a significant volume of business are listed. Mostly these are
the systems mentioned in the textual part of the Blue Book. Systems are included if they were operational during any of the
previous five reference years.

IFTSs are divided into TARGET components and non-TARGET payment systems:

— a TARGET component is a national real-time gross settlement (RTGS) system which is a component part of TARGET
as identified in Annex I to the Guideline ECB/2005/16 of 30 December 2005 on a Trans-European Automated Real-
Time Gross Settlement Express Transfer system TARGET), the ECB payment mechanism (EPM) or the RTGS system of
a Member State that has not yet adopted the euro but is connected directly to TARGET and has signed a TARGET
Agreement,

— a non-TARGET payment system is an IFTS which is not a component part of TARGET.

1.

Participation in selected interbank funds transfer systems

Each participant which has individual access to the system or can be addressed individually in the system is counted sepa-
rately, irrespective of whether there is a legal link between two or more such participants, e.g. in the case of a merger.

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Official Journal of the European Union

L 341/175

Participation in selected interbank funds transfer systems (*)

TABLE 7

Items

Non-TARGET payment system
[Refer to list of payment systems]

TARGET component

LVPS
[Reported separately for each LVPS 1, 2]

Retail system
[Reported separately for each retail payment
system 1, 2, 3, 4]

Number of participants
(a) Direct participants

Number of participants
(a) Direct participants

Number of participants
(a) Direct participants

of which:
Credit institutions
Central bank
Other direct participants
of which
— Public administration
— Postal institution
— Clearing and settlement

organisations

of which:
Credit institutions
Central bank
Other direct participants
of which
— Public administration
— Postal institution
— Clearing and settlement

organisations

of which:
Credit institutions
Central bank
Other direct participants
of which
— Public administration
— Postal institution
— Clearing and settlement

organisations

— Other financial institutions
— Others

— Other financial institutions
— Others

— Other financial institutions
— Others

(b)

Indirect participants

(b)

Indirect participants

(b)

Indirect participants

(*) End of period, original units

— Direct participant is an entity which is identified or recognised by an IFTS and is authorised to send or receive payment
orders directly to or from the system without an intermediary or is directly bound by the rules governing the IFTS. In
some systems, direct participants also exchange orders on behalf of indirect participants.

— Indirect participant is a participant in a payment system with tiering arrangement, that uses a direct participant as inter-

mediary to perform some of the activities allowed in the system (particularly settlement).

2.

Payments processed by selected interbank funds transfer systems

Tables 8 and 9 comprise data on transactions submitted to and processed in an interbank funds transfer system. Each pay-
ment is counted once on the sending participant’s side and not twice — i.e. the debiting of the payer’s account and the cred-
iting of the payee’s account are not counted separately. Only payments made within the system are included. Rejected or
cancelled payments are excluded.

To avoid double-counting, cross-border transactions are counted in the country in which the transaction originates.

The descriptions of payment instruments in Section 4 apply to the different items in this section. All transactions are counted
on the side of the participant sending the instruction.

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TABLE 8

Payments processed by selected interbank funds transfer systems — number of transactions (*)

Items

Non-TARGET payment system
(Refer to list of payment systems)

TARGET component

LVPS (1)
(reported separately for each LVPS 1, 2)

Retail system
(Reported separately for each retail payment
system 1, 2, 3, 4)

Total transactions sent
— Within same TARGET compo-

nent

— To another TARGET component

of which:
— to a euro area component
— to a non-euro area compo-

nent

Concentration ratio in terms of vol-
ume (ratio)

Memorandum item:
Transactions received from another
TARGET component

(*) million, total for the period
(1) Large value payment system

Total transactions sent
— Credit transfers
of which:
— Paper-based
— Non-paper-based

Total transactions sent
— Credit transfers
of which:
— Paper-based
— Non-paper-based

— Direct debits
— Card payments
— ATM transactions
— E-money transactions
— Cheques
— Other payment instruments
Concentration ratio in terms of vol-
ume (ratio)

— Direct debits
— Card payments
— ATM transactions
— E-money transactions
— Cheques
— Other payment instruments
Concentration ratio in terms of vol-
ume (ratio)

TABLE 9

Payments processed by selected interbank funds transfer systems — value of transactions (*)

Items

Non-TARGET payment system
(Refer to list of payment systems)

LVPS
(Reported separately for each LVPS 1, 2)

Retail system
(Reported separately for each retail payment
system 1, 2, 3, 4)

Total transactions sent
— Credit transfers
of which:
— Paper-based
— Non-paper-based

Total transactions sent
— Credit transfers
of which:
— Paper-based
— Non-paper-based

— Direct debits
— Card payments
— ATM transactions
— E-money transactions
— Cheques
— Other payment instruments
Concentration ratio in terms of value
(ratio)

— Direct debits
— Card payments
— ATM transactions
— E-money transactions
— Cheques
— Other payment instruments
Concentration ratio in terms of value
(ratio)

TARGET component

Total transactions sent
— Within same TARGET compo-

nent

— To another TARGET component

of which:
— to a euro area component
— to a non-euro area compo-

nent

Concentration ratio in terms of value
(ratio)

Memorandum item:
Transactions received from another
TARGET component

(*) EUR million, total for the period

Concentration ratio in terms of volume/value is the market share of the five largest senders of payment messages and may
include a central bank, in each IFTS in terms of number/value of transactions. It is calculated as a ratio to the total
number/value of transactions in the system for the year.

List of payment systems in tables 7, 8 and 9

TARGET

LVPS (non-TARGET)

Retail payment system

Country

Belgium

Germany

Name

ELLIPS

System reference

TARGET component

Name

—

PSS Codification

—

RTGSplus
ELS (until 2001)

TARGET components

EAF (until Nov 2001)

LVPS (non-TARGET) System 1

Greece

HERMES

TARGET component

HERMES GRD

LVPS (non –TARGET) System 1

Spain

France

SLBE

TBF

TARGET component

SPI (until Dec 2004)

LVPS (non-TARGET) System 1

TARGET component

PNS

LVPS (non-TARGET) System 1

(closed Jan. 2001)

Name

Clearing House;
CEC

RPS

DIAS;

ACO

SNCE

SIT

System reference

Retail system 1
Retail system 2

Retail system 1

Retail system 1

Retail system 2

Retail system 1

Retail system 1

CH Paris (closed 2002);

Retail system 2

CH Province (closed 2002);

Retail system 3

Ireland

Italy

Luxembourg

Netherlands

Austria

Portugal

IRIS

BI-REL

TARGET component

TARGET component

LIPS-Gross

TARGET component

TOP

ARTIS

SPGT

TARGET component

TARGET component

TARGET component

—

—

—

—

—

—

—

—

—

—

—

—

CREIC (closed 2002)

IPCC and IRECC

BI-COMP

Interpay

—

SICOI;

SLOD

Slovenia

—

—

SIBPS

LVPS (non-TARGET) System 1

Giro Clearing system

Retail system 4

Retail system 1

Retail system 1

Retail system 1

Retail system 1

Retail system 2

Retail system 1

Finland

BoF-RTGS

TARGET component

POPS

LVPS (non-TARGET) System 1

PMJ

Retail system 1

(closed Dec. 2006)

CC

BE

DE

GR

ES

FR

IE

IT

LU

NL

AT

PT

SI

FI

.

2
7
1
2
2
0
0
7

.

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
1
7
7

The statistical returns shall contain data for all cells in the relevant tables in this Guideline, even when they are zeros, missing or the phenomenon does not exist.

PART 14

Statistics on IFs’ assets and liabilities

TABLE 1

Quarterly stocks and flow adjustments

Total

MFIs

Gen-
eral
Gov’t

Total

A. Domestic

Non-MFIs — Total

Other residents

Other
financial
intermediar-
ies + finan-
cial
auxiliaries
(S.123+S.124)

Insurance
corpora-
tions and
pension
funds
(S.125)

Non-
financial
corpora-
tions
(S.11)

House-
holds +
non-profit
institu-
tions
serving
house-
holds
(S.14+S.15)

B. Other participating Member States

Non-MFIs — Total

Other residents

C. RoW

Total

Total

MFIs

Gen-
eral
Gov’t

Total

Other
financial
intermediar-
ies + finan-
cial
auxiliaries
(S.123+S.124)

Insurance
corpora-
tions and
pension
funds
(S.125)

Non-
financial
corpora-
tions
(S.11)

House-
holds +
non-profit
institu-
tions serv-
ing
house-
holds
(S.14+S.15)

D. Not
allocated

US

Japan

Non-
participat-
ing
Member
States

ASSETS

1 Deposit and loan claims

2 Securities other than shares

o/w accrued interest

2e. Euro

up to 1 year

over 1 year and up to 2 years

over 2 years

2x.

Foreign currencies

up to 1 year

over 1 year and up to 2 years

over 2 years

2t. Total currencies

up to 1 year

over 1 year and up to 2 years

over 2 years

3 Shares and other equity

o/w quoted shares, excl. IF and MMF
shares/units

o/w IF and MMF shares/units

4 Financial derivatives

5 Non-financial assets (incl. fixed

assets)

6 Remaining assets

o/w accrued interest on deposit and
loan claims

LIABILITIES

7 Loans and deposits received

8 IF shares/units

9 Financial derivatives

10 Remaining liabilities

o/w accrued interest on loans and
deposits received

L

3
4
1
/
1
7
8

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

TABLE 2

Monthly stocks and flow adjustments

A. Domestic

B. Other participating Member States

Total

MFIs

Non-MFIs

Total

MFIs

Non-MFIs

C. RoW

D. Not allocated

ASSETS

1 Deposit and loan claims

2 Securities other than shares

2e. Euro

up to 1 year

over 1 and up to 2 years

over 2 years

2x. Foreign currencies

up to 1 year

over 1 and up to 2 years

over 2 years

3 Shares and other equity

of which: IF and MMF shares/units

4 Financial derivatives

5 Non-financial assets (incl. fixed assets)

6 Remaining assets

LIABILITIES

7 Loans and deposits received

9 IF shares/units

10 Financial derivatives

11 Remaining liabilities

#

Minimum data to be provided by the reporting agents to the NCBs on a monthly basis

#

.

2
7
1
2
2
0
0
7

.

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

L

3
4
1
/
1
7
9

TABLE 3

Monthly memorandum items

A. Domestic

B. Other participating Member States

Total

MFIs

Non-MFIs

Total

MFIs

Non-MFIs

C. RoW

D. Not
allocated

LIABILITIES

9 IF shares/units

9.1 Sale of IF shares/units

9.2 Redemption of IF shares/units

L

3
4
1
/
1
8
0

E
N

O

f
f
i
c
i
a
l

J
o
u
r
n
a
l

o
f

t
h
e

E
u
r
o
p
e
a
n
U
n
o
n

i

.

2
7
1
2
2
0
0
7

.

27.12.2007

EN

Official Journal of the European Union

L 341/181

ANNEX IV

ELECTRONIC TRANSMISSION

PART 1

Introduction

The European Central Bank (ECB) has special data exchange arrangements with the national central banks (NCBs) of the Euro-
pean System of Central Banks (ESCB), the Accession Country NCBs and some EU national statistical institutes (NSIs). The
data exchanges use standardised platform independent messages (Gesmes/TS), including data (numeric values) and/or
attributes (metadata explaining the exchanged data).

In order to exchange statistical messages, the data need to be structured according to precise ‘key families’, whose attached
statistical concepts and code lists allows their content to be described adequately and unambiguously. The collection of key
families, associated concepts and code lists is called structural definitions.

The ECB structural definitions provide the list of statistical concepts, code lists and key family definitions devised by the ECB
and used in its Gesmes/TS statistical data exchanges. The ECB’s structural definitions are stored on the European Commis-
sion website CIRCA (http://forum.europa.eu.int/Members/irc/dsis/eeg6/library, subfolder named structural definitions) and
are accessible by the members of the Electronic Data Interchange (EDI) and Statistics interest group (including the members
of the Working Group of Statistical Information Management — WGSIM). A local copy is generally stored at the NCBs. If
this is not the case, the NCBs’ business area should contact the ECB WGSIM.

Annex IV describes in details the specifics of each data exchange between the Euro area NCBs and the ECB in the context of
monetary and financial statistics. Part 2 below lists the ECB key families and related data sets in use by the ESCB. Part 3 fol-
lows with a description of the key families including the specific dimensions composing the series keys, their format and the
code lists from which they take their code values. Part 4 illustrates the relationship between the series keys and their
attributes, and specifies which partners are responsible for their maintenance.

PART 2

Key families and datasets

1.

In the exchanged Gesmes/TS messages, statistical concepts can be used either as dimensions (in composing the ‘keys’
identifying the time series) or as attributes (providing information about the data). Coded dimensions and attributes
take their values from predefined code lists. The key families define the structure of the exchanged series keys, in terms
of concepts and associated code lists. In addition, they also define their relationship with the relevant attributes. The
same structure can be used for several data flows, which are differentiated by the data set information.

2.

In the context of monetary and financial statistics, the ECB defined seven key families currently used for the exchange
of statistics with the ESCB and other international organisations. These are linked to:

— Balance sheet items (BSI), key family identifier ‘ECB_BSI1’,

— Banking structural financial indicators (SSI), key family identifier ‘ECB_SSI1’,

— MFI interest rates (MIR), key family identifier ‘ECB_MIR1’,

— Other financial intermediaries (OFI), key family identifier ‘ECB_OFI1’,

— Securities issues (SEC), key family identifier ‘ECB_SEC1’,

L 341/182

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Official Journal of the European Union

27.12.2007

— Payment systems (PSS), key family identifier ‘ECB_PSS1’,

— Investment funds (IF), key family identifier ‘ECB_IVF1’.

3.

For each of the key families listed above, where the key family and the data set identifiers (DSI) are the same, data are
exchanged.

For treatment, timeliness and responsibility purposes, two sets of data following the ‘ECB_BSI’ key family have been
defined and are identified at the data set level.

3.1. The DSI ‘ECB_BSI1’ is used to define the series keys for data on:

— MFIs balance sheet statistics,

— e-money,

— credit institutions balance sheet statistics,

— central government deposit liabilities and holdings of cash and securities,

— memo items,

— supplementary BSI data reported by the NCBs to the IMF by using the ECB gateway services,

— securitised and sold MFI loans to third parties,

— reserve base statistics,

— data on macro ratio.

3.2. The DSI ‘ECB_BSP’ is used to define the series keys for data on the balance sheet in the context of the Blue Book.

PART 3

Dimensions

The table below identifies the dimensions composing the series keys of the specific monetary and financial statistics listed in
the previous part, their format and the code lists from which they take their code values.

Key family

BSI

SSI MIR OFI

SEC

PSS

IVF

Dimension order in the key

oConcept
(identifier)

Concept name

Value
format

Dimensions

Code list

Code list name

1

2

3

4

1

2

3

1

2

3

1

2

1

2

1

2

3

1

FREQ

Frequency

AN1 CL_FREQ

Frequency code list

2 REF_AREA

Reference area

AN2 CL_AREA_EE

Area code list

3 ADJUSTMENT

Adjustment indicator

AN1 CL_ADJUSTMENT

Adjustment indicator
code list

BS_REP_SECTOR

Balance sheet reference sec-
tor breakdown

AN1 CL_BS_REP_SECTOR Balance sheet reference
sector breakdown code
list

REF_SECTOR

Reference sector breakdown AN4 CL_ESA95_SECTOR

3

SEC_ISSUING SEC-
TOR

Securities issuing sector

AN4 CL_ESA95_SECTOR

3

PSS_INFO_TYPE

PSS information type

AN4 CL_PSS_INFO_TYPE

ESA 95 reference sec-
toral breakdown code
list

ESA 95 reference sec-
toral breakdown code
list

Payment and settle-
ment system informa-
tion type code list

27.12.2007

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Official Journal of the European Union

L 341/183

Key family

BSI

SSI MIR OFI

SEC

PSS

IVF

Dimension order in the key

oConcept
(identifier)

Concept name

Value
format

Dimensions

Code list

Code list name

4

5

6

PSS_INSTRUMENT

PSS instrument

AN3 CL_PSS_INSTRU-

MENT

PSS_SYSTEM

PSS entry point

AN4 CL_PSS_SYSTEM

DATA_TYPE_PSS

PSS data type

AN2 CL_DATA_TYPE_PSS

Payment and settle-
ment system instru-
ment code list

Payment and settle-
ment system entry
point code list

Payment and settle-
ment system data type
code list

4

OFI_REP_SECTOR

Other financial intermediar-
ies reporting sector

4

IVF_REP_SECTOR

Investment fund reporting
sector

AN2 CL_OFI_REP_SECTOR Other financial inter-

mediaries reference
sectoral breakdown
code list

AN2 CL_IVF_REP_SECTOR Investment funds refer-

4

SSI_INDICATOR

Structural financial indicator AN3 CL_SSI_INDICATOR

5

4

BS_ITEM

Balance sheet item

AN3 CL_BS_ITEM

5

OFI_ITEM

Other financial intermediar-
ies balance sheet item

AN3 CL_OFI_ITEM

ence sectoral break-
down code list

Structural financial
indicator’s code list

Balance sheet item
code list

Other financial inter-
mediaries balance
sheet item code list

4

5

6

6

5

6

7

5

7

6

7

8

8

9

8

6

9

SEC_ITEM

Securities item

AN6 CL_ESA95_ACCOUNT ESA 95 account code

list

5

IF_ITEM

Investment funds assets and
liabilities

AN3 CL_IF_ITEM

IF balance sheet item
code list

6 MATURITY_ORIG

Original maturity

AN1 CL_MATURITY_ORIG Original maturity code

SEC_VALUATION

Securities valuation

AN1 CL_MUFA_VALUA-

TION

7 DATA_TYPE

Data type

AN1 CL_DATA_TYPE

list

Valuation in MUFA
context code list

Money and banking
type of data, flow and
position

DATA_TYPE_MIR

MIR data type

AN1 CL_DATA_TYPE_MIR MFI interest rates data

type code list

DATA_TYPE_SEC

Securities data type

AN1 CL_DATA_TYPE_SEC Securities data type

code list

7

8 COUNT_AREA

Counterpart area

AN2 CL_AREA_EE

Area code list

AMOUNT_CAT

Amount category

AN1 CL_AMOUNT_CAT

9

BS_COUNT_SECTOR Balance sheet counterpart

AN4 CL_BS_COUNT_SEC-

sector

TOR

8

COUNT_SECTOR

Counterpart sector

AN2 CL_PS_COUNT_SEC-

TOR

Amount category code
list

Balance sheet counter-
part sector code list

Payment and settle-
ment system
receiving/acquiring
sector

10

7

9

10

7

9

10 CURRENCY_TRANS

Currency of transaction

AN3 CL_CURRENCY

Currency code list

L 341/184

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Official Journal of the European Union

27.12.2007

Key family

BSI

SSI MIR OFI

SEC

PSS

IVF

Dimension order in the key

oConcept
(identifier)

Concept name

Value
format

Dimensions

Code list

Code list name

8

11

8

10

11 SERIES_DENOM

Denomination of the series
or special calculation

AN1 CL_SERIES_DENOM Denomination of the
series or special calcu-
lation code list

11

BS_SUFFIX

Balance sheet suffix

AN..3 CL_BS_SUFFIX

Balance sheet suffix
code list

9

SEC_SUFFIX

Series suffix in securities
context

AN1 CL_SEC_SUFFIX

Securities suffix code
list

10

IR_BUS_COV

Interest rates business cover-
age

AN1 CL_IR_BUS_COV

Interest rates business
coverage code list

Frequency. This dimension indicates the frequency of the reported time series. Data exchange specific requirements:

— for the ‘ECB_OFI1’ key family: when national data are only available at a lower frequency, i.e. half-yearly or annual,
NCBs estimate quarterly data. When quarterly estimates are not feasible, data are nevertheless provided as quarterly time
series, i.e. annual data are provided as yyyyQ4 and half-yearly data are provided as yyyyQ2 and yyyyQ4 with the
remaining quarters either not reported or reported as missing with the observation status ‘L’,

— for the ‘ECB_SEC1’ key family: if the required monthly data are not available and no estimates can be made, then quar-

terly or annual data can be sent.

Reference area. This dimension relates to the country of residence of the reporting institution. In the ‘ECB_SEC1’ key fam-
ily, it indicates the country of residence of the issuing sector (1).

Adjustment indicator. This dimension indicates whether a seasonal adjustment and/or a working day adjustment are
applied

Balance sheet reference sector breakdown. This dimension refers to the reporting sector according to the breakdown
defined in the associated code list.

Reference sector breakdown. This dimension indicates the reference sector for the structural financial indicators (in
‘ECB_SSI1’).

Securities issuing sector. This dimension refers to the sector of the securities issuers (in ‘ECB_SEC1’).

PSS information type. This dimension represents the general type of information to be provided in the context of the
‘ECB_PSS1’ key family.

PSS instrument. This dimension, used in the ‘ECB_PSS1’ key family, indicates the particular type of instrument/device used
for the payment transactions, e.g. cards with a cash function or credit transfers, etc.

PSS entry point. This dimension is linked to the type of terminal or system through which the underlying payments trans-
action was done. For the correspondence of payment systems and PSS entry point code value, see Part 13 Annex III.

PSS data type. In the PSS context, this dimension gives the unit of measurement for the observation, i.e. whether a number
or a value should be reported for the item (e.g. number of transactions per card, value of transactions per card, etc.).

Other financial intermediaries reporting sector breakdown. This dimension indicates the sector of the reporting insti-
tution within the OFI sector.

Investment funds reporting sector breakdown. This dimension indicates the sector of the reporting institution within
the IF sector.

(1) For NCBs, the country of residence of the issuing sector is the NCB’s country of residence.

27.12.2007

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L 341/185

Structural financial indicator. This dimension is ‘ECB_SSI1’ key family specific and represents the type of structural finan-
cial indicator.

Balance sheet item. This dimension indicates the item of the MFI balance sheet as defined in Regulation ECB/2001/13.

Other financial intermediaries balance sheet item. This dimension indicates an item of the OFI balance sheet. OFIs con-
centrate on different financial activities depending on the type of institution, and not all balance sheet items apply to all types
of intermediaries. Therefore, while most of the balance sheet items are common to all types of other financial intermediar-
ies, ‘other assets’ and ‘other liabilities’ can have different definitions for different types of intermediaries. On the asset side,
two different definitions are adopted for the ‘other assets’ item: (i) for all categories of OFIs except financial corporations
engaged in lending (FCLs) this item includes loans; and (ii) for FCLs the item includes deposits, cash, investment fund shares,
fixed assets and financial derivatives. With regards to the ‘other liabilities’ item: (i) for security and derivative dealers (SDDs)
this item excludes debt securities, capital and reserves and financial derivatives; (ii) for FCLs this item includes financial deriva-
tives; and (iii) for investment funds categories this item includes debt securities and capital and reserves.

Securities item. This dimension refers to the items taken from the list of items set up for the monetary union financial
accounts (MUFA) in line with the ESA 95. It is only used for the ‘ECB_SEC1’ key family. Two instrument categories in the
code list refer to ‘memorandum items’ which can be transmitted on a voluntary basis: ‘unquoted shares’ and ‘other equity’.

Investment funds assets and liabilities. This dimension relates the item of the IF’s assets and liabilities as defined in Regu-
lation ECB/2007/8.

Original maturity. For the ‘ECB_BSI1’, ‘ECB_IVF1’ and ‘ECB_OFI1’ key families, this dimension indicates the original matu-
rity of the balance sheet item. For the ‘ECB_MIR1’ key family, this dimension indicates, for items on outstanding amounts,
the breakdown by original maturity or period of notice of the deposits or loans; for items on new business, it indicates the
breakdown by original maturity or period of notice in the case of deposits and the initial period of fixation in the case of
loans.

Securities valuation. This dimension identifies the valuation method used for securities issues statistics, in the ‘ECB_SEC1’
key family.

Data type. This dimension describes the type of data reported in the ‘ECB_BSI1’, ‘ECB_SSI1’, ‘ECB_OFI1’ and ‘ECB_IVF1’
key families.

MIR data type. In the ‘ECB_MIR1’ key family, this dimension distinguishes MFI interest rates statistics from those relating
to the volumes of new business or outstanding amounts.

Securities data type. This dimension indicates the type of data contained within the securities issues statistics in the
‘ECB_SEC1’ key family. Net issues are only provided if issues and redemptions cannot be separately identified.

Counterpart area. This dimension gives the area of residence of the counterpart of the relevant item.

Amount category. This dimension gives the category of the amount of new loans to non-financial corporations; new loans
are also reported according to their size. It is only relevant for the ‘ECB_MIR1’ key family.

Balance sheet counterpart sector. This dimension is linked to the sectoral breakdown of the counterpart of balance sheet
items.

Counterpart sector. This dimension, defined in the ‘ECB_PSS1’ key family, represents the sector breakdown of the type of
beneficiary (counterpart) involved in the payment transaction.

Currency of transaction. This dimension describes the currency in which the following are denominated: (i) the MFI bal-
ance sheet items (for the ‘ECB_BSI1’ key family); (ii) the structural financial indicators (for the ‘ECB_SSI1’ key family); (iii) the
deposits and loans (for the ‘ECB_MIR1’ key family); (iv) the IF assets and liabilities (for the ‘ECB_IVF1’ key family); (v) the
payments transaction (for the ‘ECB_PSS1’ key family); and (vi) the OFI balance sheet items (for the ‘ECB_OFI1’ key family),
or in which the securities are issued (for the ‘ECB_SEC1’ key family).

L 341/186

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27.12.2007

Denomination of the series or special calculation. This dimension indicates the currency of denomination in which the
observations within a time series are expressed or specifies the underlying calculation.

Balance sheet suffix. This dimension, present in the ‘ECB_BSI1’ key family, gives the currency of denomination in which
the observations within a time series are expressed or specifies the underlying calculation.

Series suffix in securities context. This dimension contains supplementary data types for derived series. It is only used for
the ‘ECB_SEC1’ key family.

Interest rate business coverage. This dimension, ‘ECB_MIR1’ key family specific, indicates whether the MFI interest rates
statistics refer to outstanding amounts or to a new business.

PART 4

Attributes

The sections below explain in detail the attributed associated with the exchanged data. Section 1 concentrates on the defi-
nition of the attributes per key family including their format and their attachment level. Section 2 shows the responsibility
of the ESCB data exchange partners in the creation of attributes and maintenance as well as their status. Finally sections 3,
4 and 5 focus on the content of the attributes sorted by attachment level, respectively the sibling, time series and observa-
tion level.

Section 1: Coded and uncoded attributes defined in the ECB_BSI1, ECB_SSI1, ECB_MIR1, ECB_OFI1, ECB_SEC1,
ECB_IVF1, and ECB_PSS1 key families

In addition to the dimensions defining the series keys, a set of attributes is defined. The attributes are attached at various
levels of the exchanged information: at sibling level, time series level or observation level. As illustrated below, they either
take their value from pre-defined lists of codes or are uncoded, and are used to add textual explanations on relevant data
aspects.

Attribute values are exchanged only when they are set for the first time and whenever they change with the exception of
those mandatory attributes attached at observation level, which are attached to each observation and reported at every data
transmission.

The table below provides information on the attributes defined for each key family under consideration, on the level at which
they are attached, their format and the name of the code lists from which coded attributes take their values.

Key families

Statistical concept

Format (1)

Code list

BSI

SSI

MIR

OFI

SEC

PSS

IVF

ATTRIBUTES AT SIBLING LEVEL

(exchanged using the FNS group)

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

TITLE

UNIT

Title

Unit

AN..70

uncoded

AN..12

CL_UNIT

Unit code list

UNIT_MULT

Unit multiplier

AN..2

CL_UNIT_MULT

Unit multiplier
code list

DECIMALS

Decimals

N1

CL_DECIMALS

Decimals code list

TITLE_COMPL

Title complement

AN..1050

uncoded

NAT_TITLE

National language
title

AN..350

uncoded

COMPILATION

Compilation

AN..1050

uncoded

COVERAGE

Coverage

AN..350

uncoded

SOURCE_AGENCY Source agency

AN3

CL_ORGANISATION

Organisation code
list

METHOD_REF

Methodology
reference

AN..1050

uncoded

ATTRIBUTES AT TIME SERIES LEVEL

(exchanged using the FNS group)

√

√

√

√

√

√

√

COLLECTION

Collection indica-
tor

AN1

CL_COLLECTION

Collection indica-
tor code list

27.12.2007

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Official Journal of the European Union

L 341/187

Key families

Statistical concept

Format (1)

Code list

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

√

DOM_SER_IDS

Domestic series
identifier

AN..70

uncoded

BREAKS

Breaks

AN..350

uncoded

UNIT_INDEX-
_BASE

PUBL_PUBLIC

PUBL_MU

PUBL_ECB

Unit index base

AN..35

uncoded

Source publica-
tion

Source publica-
tion (Euro area
only)

Source publica-
tion (ECB only)

AN..1050

uncoded

AN..1050

uncoded

AN..1050

uncoded

ATTRIBUTES AT OBSERVATION LEVEL

(exchanged together with the data in the main ARR segment except
for OBS_COM exchanged within the FNS group)

OBS_STATUS

OBS_CONF

OBS_PRE_BREAK

OBS_COM

Observation sta-
tus

Observation con-
fidentiality

Pre-break obser-
vation value

Observation com-
ment

AN1

CL_OBS_STATUS

AN1

CL_OBS_CONF

Observation status
code list

Observation confi-
dentiality code list

AN..15

uncoded

AN..1050

uncoded

(1) This indicates the number of letters/digits allowed for the transmission of each attribute (e.g. AN..1050 means a string alpha-numeric up to 1050-characters long, AN1 means

one alpha-numeric character, while N1 means 1 digit).

Section 2: Common attributes properties for the ECB_BSI1, ECB_SSI1, ECB_MIR1, ECB_OFI1, ECB_SEC1,
ECB_IVF1 and ECB_PSS1: NCBs reporting to the ECB (1)

Each attribute is characterised by certain technical properties, which are listed in the table below.

Status

First value set, stored and
disseminated by … (1)

Modifiable by NCBs

TITLE_COMPL

NAT_TITLE

COMPILATION

COVERAGE (not BSI)

METHOD_REF

DOM_SER_IDS (2)

BREAKS

OBS_STATUS

OBS_CONF

OBS_PRE_BREAK

OBS_COM

M

C

C

C

M

C

C

M

C

C

C

M: Mandatory,
C: Conditional

ECB

NCB

NCB

NCB

NCB

NCB

NCB

NCB

NCB

NCB

NCB

No (*)

Yes

Yes (**)

Yes (**)

Yes

Yes

Yes

Yes

Yes

Yes

Yes

If an NCB would like to make a modification, it needs to consult with the ECB, which will then implement the change.

(*)
(**) Changes are communicated to the responsible ECB business area by fax/e-mail.
(1) ECB refers here to the ECB Directorate General Statistics.
(2) The ECB recommends that the NCBs deliver these values to ensure more transparent communications.

(1) All attributers specified in the table in Section 1, which are set by the ECB, are not covered in this table.

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The definition of a set of attributes to be exchanged together with the data allows for additional information on the time
series exchanged to be provided. Details of the information provided by the attributes for the ECB statistical key families
under consideration are reported below.

Section 3: Attributes at sibling level

Mandatory

TITLE_COMPL (Title complement). This attribute allows a larger number of characters than the attribute TITLE and for
this reason replaces TITLE as the mandatory attribute to store the title of the series.

UNIT (Unit)

BSI

SSI

OFI

MIR

SEC

PSS

For Euro area Member States: EUR

For Euro area Member States: EUR
For series reported as absolute values and for indices: PURE_NUMB
For the series reported as percentages: PCT

For Euro area Member States: EUR

For business volumes: EUR

For interest rates: PCPA

For Euro area Member States: EUR

For series on original units (Annex III, Part 13, tables 4, 5, 7 and 8) and series on concentration ratios
(Annex III, Part 13, tables 8 and 9): PURE_NUMB
For series on value of transactions on TARGET2 (Annex III, Part 13, table 8): EUR
For series on value of transactions by participating Member States (Annex III, Part 13, tables 6 and 9): EUR

IVF

For Euro area Member States: EUR

UNIT_MULT (Unit multiplier)

BSI

SSI

OFI

6

0

6

MIR (1)

For business volumes: 6 For interest rates: 0

SEC

PSS

6

For series on original units except series on transactions (Annex III, Part 13, tables 4 and 7): 0
For series on transactions (Annex III, Part 13, tables 5, 6, 8 and 9, except concentration ratios):6
For series on concentration ratios (Annex III, Part 13, tables 8 and 9): 0

IVF

6

(1)

Interest rates data are submitted as percentages.

DECIMALS (Decimals)

BSI

SSI

OFI

MIR

SEC

PSS

0

For absolute values: 0 For index series and percentages: 4

0

For business volumes: 0 For interest rates: 4

0

Series on original units, except on transactions and concentration ratios (Annex III, Part 13, tables 4 and 7): 0
Series on transactions and concentration ratios (Annex III, Part 13, tables 5, 6, 8 and 9): 3

IVF

0

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METHOD_REF (Methodology reference,). This attribute is only used for the PSS key family and indicates whether, for
each time series or for part of it, the 2005 ‘enhanced’ definition or a previous definition is used. Two values are defined:

PSS

The ‘enhanced’ definitions as implemented in the year 2005 are used: ‘2005’.
Definitions indicated in previous years (2004 or earlier) are used: ‘Previous’.

The attribute should also indicate the period for which each definition applies. For example ‘2005 definitions for the whole
series’, ‘2005 definitions as from data referred to 2003, previous definitions for the rest’, or ‘previous definitions up to data
referred to 2004’.

Conditional

NAT_TITLE (National language title). NCBs may use the NAT_TITLE attribute in order to provide a precise description
and other supplementary or distinguishing specifications in their national language. Although the use of upper and lower
case letters does not cause problems, NCBs are asked to limit themselves to the Latin-1 character set. In general, the exchange
of accented characters and extended alphanumeric symbols needs to be tested before regular use.

COMPILATION (Compilation). For the BSI, IVF and MIR key families this attribute may be used for further textual expla-
nation of the compilation methods, weighting schemes and statistical procedures used to compile the underlying series, par-
ticularly if they diverge from the ECB rules and standards. In general, the structure of the required national explanatory notes
is the following:

— data sources/data collection system,

— compilation procedures (including description of estimates/assumptions made),

— deviations from the ECB’s reporting instructions (geographical/sectoral classification and/or valuation methods),

— information relating to the national legal framework.

For the SSI key family, the attribute ‘compilation’ includes information on links to the EU regulatory framework for inter-
mediaries other than credit institutions.

For the OFI key family, a detailed description of the information to be included under this attribute is provided in points 1-5
of the national explanatory notes (Annex III, Part 11).

Similarly, for the SEC key family, a detailed description of the information to be inserted under this attribute is provided in
points 1, 2, 4, 5, 8, 9 and 10 of the national explanatory notes (Annex III, Part 12).

COVERAGE (Coverage)

Information on

Notes

SSI

— coverage of different categories of intermediar-

— whether estimation was used in case of partial

ies

coverage

— type of intermediary for the different indica-

— indication of grossing up (if any)

tors

OFI

— coverage of total assets/liabilities series
— type of OFIs covered in the main categories

— whether estimation was used in case of partial

coverage

— indication of grossing up (if any)
— refer also to Part 11 of Annex III (national

explanatory notes, point 6)

MIR

— stratification criteria, selection procedure

(equal probability/probability proportional to
size/selection of biggest institutions) in case of
sampling

SEC

— classification of issues

— refer also to Part 12 of Annex III, Section 2

(Point 4) and Section 3 (Point 6)

SOURCE_AGENCY (Source agency). This attribute will be set by the ECB to a value representing the name of the NCB
providing the data.

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Section 4: Attributes at time series level

Mandatory

COLLECTION (Collection indicator). This attribute provides information on the period or the point in time at which a
time series is measured (e.g. beginning, middle or end of period) or an indication of whether data are averages.

For outstanding amounts: end-of-period (E) For flows series: sum of observations through the period (S)

End-of-period (E)

For outstanding amounts: end-of-period (E) For flows series: sum of observations through the period (S)

For interest rates on outstanding amounts: end-of-period (E)
For interest rates on new business: average of observations through the period (A)
For business volumes on outstanding amounts: end-of-period (E)
For the new business volumes: sum of (grossed up) observations through the period (S)

For outstanding amounts: End-of-period (E)
For flows series: sum of observations through the period (S)

For outstanding amounts (Annex III, Part 13, tables 4 and 7 and concentration ratios): end-of-period (E)
For transactions (Annex III, Part 13, tables 5, 6, 8 and 9, except concentration ratios): sum of observations
through the period (S)

For outstanding amounts: end-of-period (E)
For flows series: sum of observations through the period (S)

BSI

SSI

OFI

MIR

SEC:

PSS

IVF

Conditional

DOM_SER_IDS (Domestic series identifier). This attribute makes it possible to refer to the code used in national data-
bases to identify the corresponding series (formulae using national reference codes can also be specified).

UNIT_INDEX_BASE (Unit index base). This attribute is mandatory when associated to a series key that expresses an index.
It indicates the base reference and the base value for the indices and is only used for the series of the index of notional stocks
derived by the ECB and disseminated to the ESCB. For this purpose it was initially set by the ECB to ‘Index Dec98=100’ and
was changed to ‘Index Dec01=100’ when the ECB disseminated the October 2002 data.

BREAKS (Breaks). This attribute provides a description of breaks and major changes over time in the collection, reporting
coverage and compilation of the series. In the case of breaks, state the extent to which old and new data may be considered
comparable, where possible.

PUBL_PUBLIC, PUBL_MU, PUBL_ECB (Source publication, Source publication (Euro area only), Source publica-
tion (ECB only)). These attributes will be set by the ECB if the data are published in ECB publications, in either ECB public
or ECB confidential publications. They give a reference (i.e. publications, items, etc.) to published data.

Section 5: Attributes at observation level

If an NCB wishes to revise an attribute assigned at the observation level, the respective observation(s) must be re-submitted
at the same time. If an NCB revises an observation without also providing the relevant attribute value, the existing values
will be replaced by the default values.

Mandatory

OBS_STATUS (Observation status). NCBs report an observation status value attached to each exchanged observation.
This attribute is mandatory and must be provided with every data transmission for each individual observation. When NCBs
revise the value of this attribute, both the observation value (even if unchanged) and the new observation status flag should
be retransmitted.

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The list below specifies the expected values for this attribute, according to the agreed hierarchy, for the purpose of these
statistics:

‘A’ = normal value (default for non-missing observations),

‘B’

= break value for the following key families: SSI, MIR, OFI and PSS (1),

‘M’ = missing value, data do not exist,

‘L’

‘E’

‘P’

= missing value, data exist but were not collected,

= estimated value (2),

= provisional value (this value can be used, in each data transmission, with reference to the last available observation,

if this is considered provisional).

In normal circumstances, numeric values should be reported with the observation status ‘A’ (normal value) attached. Oth-
erwise, a value different from ‘A’ is given according to the list above. If an observation is qualified by two characteristics, the
most important is reported, according to the hierarchy shown above.

In each data transmission, the most recent available observations can be reported as provisional, and flagged with observa-
tion status value ‘P’, if these are considered provisional. These observations take definite values and are reported with obser-
vation status flags ‘A’, at a later stage when the new revised values and observation status flags overwrite the provisional
ones.

Missing values (‘-’) are reported when it is not possible to report a numeric value (e.g. owing to non-existent data or because
data are not collected). A missing observation should never be reported as a ‘zero’, since zero is a normal numeric value that
indicates a precise and valid amount. If NCBs are unable to identify the reason for a missing value or if they cannot use the
whole range of values presented in the CL_OBS_STATUS code list for reporting missing observations (‘L’ or ‘M’), the value
‘M’ should be used.

— When, due to local statistical conditions, data for a time series are not collected either on specific dates or for the total
length of the time series (the underlying economic phenomenon exists, but is not monitored statistically), a missing
value is reported (‘-’) with observation status ‘L’ for each period,

— When, due to local market practices or to the legal/economic framework, a time series (or part of it) is not applicable

(the underlying phenomenon does not exist), a missing value is reported (‘-’) with observation status ‘M’.

Conditional

OBS_CONF (Observation confidentiality). NCBs report an observation confidentiality value attached to each exchanged
observation. While this attribute is defined as conditional in the ECB structural definition file, it should be provided at every
data transmission for each individual observation, as each confidential observation must be appropriately flagged. When
NCBs revise the value of this attribute, both the associated observation value and the observation status flag (even if
unchanged) should be retransmitted.

The list below specifies the expected values for this attribute for the purpose of these statistics:

‘F’

= free for publication,

‘N’ = not for publication, restricted for internal use only,

‘C’

‘S’

= confidential statistical information in the sense of Article 8 of Council Regulation (EC) No 2533/98,

= secondary confidentiality set and managed by the receiver, not for publication,

‘D’ = secondary confidentiality set by the sender, not for publication. This code can be used by the NCBs that already
differentiate between primary and secondary confidentiality in their reporting system. If not, the reporting NCB
must use ‘C’ for flagging the secondary confidentiality.

OBS_PRE_BREAK (Pre-break observation value). This attribute contains the pre-break observation value, which is a
numeric field like the observation (3). In general, it is provided when a break occurs; in this case the observation status must
be set to ‘B’ (break value).

If OBS_STATUS is reported as ‘B’ a value has to be reported under the attribute OBS_PRE_BREAK.

(1)
(2) The observation status ‘E’ is to be adopted for all observations or periods of data that are the result of estimates and cannot be considered

as normal values.

(3) The four objects observation value plus OBS_STATUS, OBS_CONF and OBS_PRE_BREAK are treated as one entity. This means that NCBs
are obliged to send all complementary information for an observation. (When attributes are not reported, their previous values are over-
written by default values.)

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For the purpose of the BSI, IVF and OFI key family, this attribute is not requested since this information is already available
from the reclassification series. It has been added to the list of attributes since it is part of the common subset of attributes
for all key families.

OBS_COM (Observation comment). This attribute can be used to provide textual comments at the observation level (e.g.
describing the estimate made for a specific observation due to lack of data, explaining the reason for a possible abnormal
observation or giving details of a change in the reported time series).

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ANNEX V

FLOW ADJUSTMENTS IN THE CONTEXT OF BSI AND IF STATISTICS

PART 1

Framework and general description of the adjustment procedure

Section 1: Framework

1.

2.

The framework to obtain flow statistics for MFI balance sheet items (BSI) and investment funds (IF) assets and liabili-
ties statistics is based on the ESA 95 (1). Deviations from this international standard are made to both the data content
and statistical concept denominations, where necessary. This Annex is interpreted according to the ESA 95, unless
Regulation ECB/2001/13 of 22 November 2001 concerning the consolidated balance sheet of the monetary financial
institutions sector, Regulation ECB/2007/8 of 27 July 2007 concerning statistics on the assets and liabilities of invest-
ment funds or this Guideline, explicitly or implicitly, overrides its provisions.

In the context of BSI and IF statistics, flow data are measured in terms of financial transactions. Financial transactions
are defined as the net acquisition of financial assets or the net incurrence of liabilities for each type of financial instru-
ment, i.e. the sum of all financial transactions that occur during the relevant reporting period (2). Flow data covering
each item specified in Regulation ECB/2001/13 and Regulation ECB/2007/8 are calculated on a net basis, i.e. there is
no requirement to identify gross financial transactions or turnover (3). The method of valuation for each transaction is
to take the value at which assets are acquired/disposed of and/or liabilities are created, liquidated or exchanged. Nev-
ertheless, Regulation ECB/2001/13 and Regulation ECB/2007/8 permit deviations from ESA as regards flows in respect
of the concept of financial transactions.

Section 2: Calculation of flows data by the ECB and reporting of adjustment data from the NCBs to the ECB

1.

Introduction

1.

The European Central Bank (ECB) calculates flows data by taking, for each asset and liability item, the difference
between stock positions at end-period reporting dates and then removing the effect of developments that are not the
result of transactions, i.e. ‘other changes’. ‘Other changes’ are grouped into two main categories ‘reclassifications and
other adjustments’ and ‘revaluation adjustments’ (4).

2.

National central banks (NCBs) report ‘reclassification and other adjustments’ and ‘revaluation adjustments’ to the ECB
so that these non-transaction effects can be removed in the calculation of flow statistics.

(1) The European System of Accounts 1995, contained in Annex A to Council Regulation (EC) No 2223/96 of 25 June 1996 on the Euro-

pean system of national and regional accounts in the Community.

(2) This is in accordance with the ESA 95 and other international statistical standards.
(3) Nevertheless, in the case of IF statistics, this Guideline requests data on the sales and redemptions of IF shares/units to the extent that data

are available at NCBs, including on a best estimate basis (Article 18(1)(d)).

(4) The definition and classification of ‘other changes’ is largely consistent with the ESA 95. ‘Reclassifications and other adjustments’ is broadly
equivalent to ‘other changes in volume’ (K.3-K.10 and K.12), whereas ‘revaluations’ may be transferred to ‘nominal holding gains/losses’
(K.11). For BSI statistics, an important deviation concerns the inclusion of ‘loan write-offs’ within ‘revaluations’, whereas in the ESA 95
they are regarded as ‘changes in volume’ (paragraph 5.09). In fact, the reporting scheme for the derivation of flows permits data to be
compiled in accordance with the ESA 95 because loan ‘write-offs/write-downs’ is the only entry under the column ‘revaluation adjust-
ments’ for the item ‘loans’. The inclusion of ‘loan write-offs’ within ‘revaluations’ also deviates from the international investment position
(i.i.p.) rules. In the i.i.p. these are treated as ‘other adjustments’ and not as ‘price or exchange rate changes’. For IF statistics, loans ‘write-
offs/write-downs’ are not requested.

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In the case of BSI statistics, NCBs report adjustment data to the ECB in accordance with Part 1 of Annex III. The ‘revalu-
ation adjustments’ reported by the NCBs consist of write-offs/write-downs of loans and revaluation adjustments due
to price changes. Revaluation adjustments due to exchange rate changes are calculated by the ECB (1).

In the case of IF statistics, NCBs report adjustment data to the ECB in accordance with Part 14 of Annex III. The ‘revalu-
ations adjustments’ reported by the NCBs consist of revaluation adjustments due to price and exchange rate changes.

2.

Reclassifications and other adjustments

NCBs compile data on ‘reclassifications and other adjustments’, as requested by this Guideline, using supervisory infor-
mation, plausibility checks, ad hoc enquiries (e.g. related to outliers), national statistical requirements, information on
joiners and leavers of the reporting population and any other source available to them. The ECB is not expected to
make ex post adjustments unless the NCBs identify sharp changes in the final data.

NCBs identify changes in stocks that are due to reclassifications and enter the net amount identified under ‘reclassifi-
cations and other adjustments’. A net increase in stocks due to reclassifications is entered with a positive sign, a net
decrease in stocks with a negative sign.

In principle, the NCBs send all ‘reclassifications and other adjustments’. As a minimum, the NCBs send all ‘reclassifi-
cations and other adjustments’ above EUR 50 million. This threshold is intended to help the NCBs decide whether to
make an adjustment or not. However, when information is not readily available or of a poor quality, a decision can be
made either to do nothing or to make estimates. For this reason, flexibility is needed in the operation of such a thresh-
old, not least because of the heterogeneity of existing procedures for calculating adjustments. For example, where rela-
tively detailed information is collected regardless of the threshold, it may be counterproductive to try to apply such a
threshold.

3.

Revaluation adjustments

In order to derive ‘revaluation adjustments’, NCBs may need to calculate the adjustments from transactions, security-
by-security data or other data reported by the reporting population and/or estimate the adjustments in respect of some
of the breakdowns not reported by the reporting population because they are not considered as ‘minimum
requirements’.

The ‘revaluation adjustments’ are compiled by NCBs on the basis of data reported by the reporting populations accord-
ing to Regulation ECB/2001/13 for BSI statistics and Regulation ECB/2007/8 for IF statistics. Reporting agents are sub-
ject to minimum reporting requirements, which ensure the minimum required in order to compile and estimate
adjustments in respect of the full set of data required by the ECB. NCBs are permitted to collect additional data from
reporting agents. In any case, the NCBs are required to submit a full set of data to the ECB according to Part 1 of
Annex III for BSI statistics and Part 14 of Annex III for IF statistics.

1.

2.

3.

1.

2.

PART 2

Detailed description of flow adjustments

Section 1: Reclassifications and other adjustments

1.

Changes in the composition of the reporting sector

1.

Changes in the composition of the reporting sector may give rise to the transfer of business across economic sector
boundaries. Such transfers do not represent transactions and are therefore treated as an adjustment in ‘reclassifications
and other adjustments’.

(1) The adjustments corresponding to the ECB’s own balance sheet are reported by the ECB Directorate Internal Finance.

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2.

3.

An institution that joins the reporting sector may transfer business into the sector, whereas an institution leaving the
reporting sector may transfer business out of the sector. However, to the extent that the joining institution starts its
business ex novo after having joined the reporting sector, this represents a transaction flow that is not removed from
the statistical flow (1). Similarly, where a leaving institution decreases its activities prior to leaving the reporting sector,
this is captured in the statistical flow.

The impact of a transfer of a business into/out of the reporting sector on the asset and liability items depends, inter
alia, on whether there is full reporting or ‘tail’ reporting by some reporting agents. Where all reporting agents are sub-
ject to full reporting, i.e. there is no ‘tail’, an institution joining the reporting sector reports its first data after a suitable
interval, usually at the end of the month in which it joins or at the next end-quarter. Similarly, the data of an institu-
tion leaving the reporting sector is removed at the time of its departure, to coincide with the last reported data. To the
extent that the first/last assets and liabilities reported are transferred into/out of the reporting sector, an adjustment
may be made in the reporting period in which this transfer occurs. Where institutions join or leave as reporters in the
reporting ‘tail’, the impact on the asset and liability items depends on the grossing-up procedure that is used.

4. Most of the information needed to make an adjustment for changes in statistical coverage is usually available from
within the statistical reporting system. However, it may be necessary for the NCBs to collect ad hoc information from
institutions entering the reporting sector in order to determine whether the first reported assets and liabilities have been
transferred from outside the reporting sector or built up after entry. Similar information is collected from those insti-
tutions leaving the reporting sector.

5.

6.

The net effect of the joiners or leavers on the aggregated assets and liabilities of the reporting sector is calculated by
aggregating the first assets and liabilities reported by new entrants and the last assets and liabilities reported by the
leavers and, for each item, taking the difference between the two. This net figure is entered under ‘reclassifications and
other adjustments’. In certain circumstances there can be an effect on the counterparties’ reporting, so this effect must
also be included in the adjustments, in this case as a change in sector. For instance, if an MFI surrenders its authori-
sation but continues to operate as an OFI funded through the interbank market, then there is an artificial rise in MFI
lending to OFIs, which requires an adjustment (covered by ‘changes in the classification of counterparty sector’).

Changes in the investment policy of an IF, including money market fund (MMF), are possible in the EU Member States.
Any change in investment policy has to be agreed by and communicated to the investors prior to a change. The com-
munication channels include letters, advertisements in newspapers, the general meeting of the shareholders, etc. If an
investor takes no action, the investor is considered to have given their implicit approval to the fund’s change in invest-
ment policy. This means that unilateral changes in investment policy are not possible in the EU. Therefore, the fact
that investors stay with a fund after a policy change, is regarded as the conscious decision of these investors to amend
their portfolio allocation from one sector (MFIs) to another (IFs) or from one fund type to another (within IFs). In sta-
tistical terms, the situation is the same as an investor withdrawing money from one fund and investing into another
fund. Both situations are treated in the same way, i.e. as genuine financial transactions where reclassification adjust-
ments are not reported. Hence, the default is that a change in a fund’s investment policy, covering both MMFs in BSI
statistics and IF statistics, is recorded as a financial transaction. An NCB may deviate from this default and report a
reclassification adjustment only if it has ex ante information that the policy change was not due to a conscious deci-
sion made by the investors.

2.

Changes in structure

1.

A change in structure is the appearance and disappearance of certain financial assets and liabilities arising from restruc-
turing. It typically refers to mergers, acquisitions and divisions. When a reporting institution disappears because it is
absorbed by one or more other reporting institutions, all financial assets and liabilities that existed between that report-
ing institution and those that absorbed it disappear from the system.

2.

The information source by which to identify these adjustments are the final assets and liabilities reported by the old
institutions and the first assets and liabilities reported by the new institutions.

(1) This criterion applies in borderline cases, for example, the establishment of a new bank that takes over the operations previously carried
out by a representative office on behalf of a non-resident bank, gives rise to a transaction flow that is not removed from the statistical
flow.

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3.

The NCBs identify the outstanding balances between the institutions that are restructured. These amounts are created
or netted due to the merger, acquisition or division and are not real transactions. Therefore, they are considered as
‘reclassifications and other adjustments’. Revaluation effects can be associated with changes in structure and are com-
piled separately.

4.

For a complete analysis of changes in structure, together with other developments arising from mergers, acquisitions
and splits, see Appendix 1.

3.

Reclassification of assets and liabilities

1.

2.

3.

A change, for example, in the sector or instrument classification of their counterparties leads reporting agents to reclas-
sify asset/liability items vis-à-vis these counterparties. Such reclassification results in a change in the reported stock
position in the period in which the transfer takes place. As this change is a book-entry transfer of business between
sectors and instrument classes and does not represent a transaction, an adjustment must be introduced to remove its
impact from the flow statistics.

Changes in classification occur for a number of reasons. A change in the sectoral classification of counterparties may
occur because a public sector body is transferred to the private sector or because mergers/demergers alter the principal
activity of corporations. Securitisations almost always involve financial transactions; however, where they involve only
an accounting change, they would be included here.

It may be difficult for NCBs to identify the reclassification of assets and liabilities because they are normally indistin-
guishable from other movements within the assets and liabilities. In view of this, the NCBs focus on identifying changes
through the reported assets and liabilities, i.e. plausibility checking, or by using supervisory information, ad hoc addi-
tional information (e.g. related to outliers), national statistical requirements, information on reporting population join-
ers and leavers, and any other available sources. Where potential changes due to reclassifications have been identified,
reporting agents are asked for ad hoc information on the precise impact on the reported balance sheet. As reclassifi-
cations are usually identified outside of the standard reporting network, it is accepted that NCBs focus on removing
significant changes.

4.

Adjustments of reporting errors

Within the limits defined by the revision policy, NCBs correct reporting errors in the stock data as soon as the errors are
identified. Ideally, the corrections entirely remove the error from the data, especially where the error affects a single period
or a limited time range. In these circumstances, no break in series occurs. However, where the error affects historical data
and no correction of past data is made or is made only for a limited time range, then a break occurs between the first period
with the corrected figure and the last period containing the incorrect figure. In this case, NCBs identify the size of the break
that occurs and enter an adjustment under ‘reclassifications and other adjustments’.

Section 2: Revaluation adjustments

1. Write-offs/write-downs of loans

The adjustment for ‘write-offs/write-downs’ refers to the impact of changes in the value of loans recorded on the balance
sheet that are caused by the application of write-offs/write-downs of loans. This adjustment also reflects the changes in the
level of loan-loss provisions, if an NCB decides that the outstanding stocks are recorded net of provisions. Write-offs rec-
ognised at the time the loans are sold or transferred to a third party are also included, where identifiable.

2.

Revaluation adjustments due to price changes

1.

The adjustment of the price revaluation of assets and liabilities refers to fluctuations in the valuation of assets and liabili-
ties that arise because of a change in the price at which assets and liabilities are recorded or traded. The adjustment
includes the changes that occur over time in the value of end-period stocks because of changes in the reference value
at which they are recorded, i.e. holding gains/losses. It may also contain valuation changes that arise from transactions
in assets/liabilities, i.e. realised gains/losses; however, there are divergent national practices in this respect.

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2.

The nature and extent of ‘revaluation adjustments’ are determined by the adopted method of valuation. Although it is
recommended that both sides of the balance sheet are recorded at market value, in practice, a variety of different valu-
ation methods may be employed on both the liabilities and the assets sides. This is acceptable as long as the book value
does not diverge significantly from the market value.

Section 3: Revaluation adjustments due to exchange rate changes

1.

For the purposes of submitting statistical data to the ECB, the NCBs ensure that asset and liability positions denomi-
nated in foreign currencies are translated into euro using the market exchange rate on the last day of the period. The
ECB reference exchange rate is the common rate that is used (1).

2. Movements in exchange rates against the euro that occur between end-period reporting dates give rise to changes in
the value of foreign currency assets and liabilities when expressed in euro. As these changes represent holding
gains/losses and are not due to financial transactions, these effects need to be removed from the flow data. Revalua-
tion adjustments due to exchange rate changes may also contain changes that arise from transactions in assets/liabilities,
i.e. realised gains/losses; however, there are divergent national practices in this respect.

PART 3

BSI statistics — flow adjustments

Section 1: Introduction

1.

2.

3.

In the case of BSI statistics, each NCB submits separate adjustment data covering its own balance sheet and the other
MFIs’ balance sheet. Adjustments to the ECB balance sheet are also internally compiled by the ECB Directorate Internal
Finance. The NCBs submit adjustments for all items on the MFIs balance sheet according to the frequency indicated in
Article 3 (2) of this Guideline. In this process, NCBs may need to calculate and/or estimate adjustments for some of the
breakdowns not reported by the MFIs because they are not considered ‘minimum requirements’ in Regulation
ECB/2001/13, Annex I, Part 2, Table 1A. Part 1 of Annex III of this Guideline indicates whether only ‘reclassifications
and other adjustments’ or also ‘revaluation adjustments’ need to be submitted to the ECB.

The adjustments for movements in exchange rates are calculated by the ECB. For this reason, adjustments provided by
the NCBs in respect of balances denominated in foreign currencies exclude the effect of changes due to the exchange
rate.

Flow adjustments are subject to the same double-entry accounting system as stocks. In all cases, adjustments have a
counterpart which, in many cases, is likely to be ‘capital and reserves’ or ‘remaining liabilities’, depending on the opera-
tion or the national accounting rules.

In principle, the following guidance is given for the transaction values of deposits/loans and securities. The transaction
value of deposits/loans excludes fees, etc (2). The transaction value of a deposit/loan excludes accrued interest that is
receivable/payable but has not yet been received or paid. Instead, accrued interest on deposits/loans is recorded under
‘remaining assets’ or ‘remaining liabilities’, as appropriate. The transaction value of securities held and issued is con-
sistent with the principles on the recording and reporting of stocks according to Regulation ECB/2001/13. No rule is
contained in the aforementioned Regulation on the classification of accrued interest of securities. This can imply the
inclusion/exclusion of accrued interest on the stock data compiled on securities. To harmonise treatment across coun-
tries, and considering that to distinguish between accrued interest and price changes is a crucial problem and that some
conceptual problems may arise with regard to the definition of interest rates on negotiable instruments, a flexible and
simple rule is applied, as follows:

(a)

if accrued interest is intrinsic to the accounting price as it is reported in the statistical balance sheet, it is excluded
from the transaction value and, instead, indistinguishably included within ‘revaluation adjustments’;

(1) See the ECB press release of 7 July 1998.
(2) Nevertheless, write-offs associated with transactions are not always reported, which implies a deviation from this principle, which is

allowed under Regulation ECB/2001/13.

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(b)

if accrued interest is excluded from the stock value of the securities to which it relates in the statistical balance
sheet, it is to be classified under ‘remaining assets’ or ‘remaining liabilities’ as appropriate and therefore not con-
sidered when calculating flows or revaluation adjustments (1).

Section 2: Revaluation adjustments

1. Write-offs/write-downs

1.

In allocating adjustments to the corresponding maturity band and counterparty sector, NCBs take into account the
accounting rules regarding bad loans (e.g. the allocation of bad loans to a certain maturity band) and the relative credit
risk of each sector.

2. Where there is insufficient information to allocate the adjustment,

it may be broken down into Regulation

ECB/2001/13 categories on a pro rata basis determined by the size of the stock positions.

3.

Cells marked as ‘minimum’ in Regulation ECB/2001/13 are reported to the ECB, even if they are not directly compiled
because the NCB collects more detailed information on write-offs/write-downs. In such a case, the minimum cells are
calculated as the sum of the components.

2.

Price revaluation of securities

1.

2.

3.

4.

5.

Price revaluations affect only a limited range of balance sheet items: on the liabilities side, the item ‘debt securities
issued’ and, on the assets side, ‘securities other than shares’ and ‘shares and other equity’ and their counterparts which
are mainly ‘capital and reserves’ and ‘remaining liabilities’. Deposits and loans have fixed nominal values and are there-
fore not subject to price changes.

On the liabilities side of the balance sheet, revaluations may also be reported for debt securities issued. However, no
change in MFI reporting obligations is introduced in this respect, as price revaluation of debt securities issued remains
outside the ‘minimum requirements’ set out in Regulation ECB/2001/13.

On the assets side of the balance sheet, holdings of securities may be recorded using market price, purchase price, the
lower of market or purchase price or redemption value in accordance with standard accounting practice. The content
of the adjustment depends on the valuation method applied.

If no other information is available, it can be assumed that the revaluations corresponding to ‘securities over two years’
is equal to the total amount of revaluation adjustment in respect of holdings of securities other than shares issued for
each sector.

The Regulation allows flexibility in terms of the type of data needed to calculate the price revaluation of securities and
the form in which these data are collected and compiled. The decision on the method is left to the NCBs, based on the
following options:

— MFIs to report adjustments: MFIs report the adjustments applicable to each item, reflecting the valuation changes due
to change in prices. NCBs that choose this method aggregate the adjustments reported by MFIs for the submission
of data to the ECB,

(1) The definition and valuation of financial transactions for the purposes of compiling flows statistics for BSI statistics differs in some aspects
from those provided for in the ESA 95 to calculate financial accounts (flows). The ESA 95 states that financial transactions arising from
timing differences between accrued or distributive transactions or financial transactions on the secondary market and the corresponding
payment are classified as ‘F.79 Other accounts receivable/payable excluding trade credits and advances’ (paragraphs 5.128 and 5.129). By
contrast, the ESA 95 also states that ‘preferably the counterpart financial transaction of interest accruing on financial assets … should be
recorded as being reinvested in that financial asset’. The recording of interest, however, has to follow national practice. If interest accrual
is not recorded as being reinvested in the financial asset, it is recorded in ‘other accounts receivable/payable’ (paragraph 5.130). In the
balance of payments, accruals are treated as an increase in the value of the financial instrument. As a consequence, a deviation arises when
accrued interests are included in ‘remaining assets’ or ‘remaining liabilities’. The treatment of accrued interest on negotiable instruments
in the context of MFI balance sheet statistics (both stocks and flows) may be subject to further examination.

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— MFIs to report flows: MFIs accumulate flows during the month and transmit the value of purchase and sale of secu-
rities to the NCB. The compilation and submission to the NCB of net flows is acceptable. NCBs that receive trans-
actions data have to calculate the ‘revaluation adjustment’ as a residual from the difference between the stocks
and the transactions and other adjustments, and submit the revaluation adjustment to the ECB in accordance with
this Guideline,

— security-by-security reporting: MFIs report to NCBs all relevant information on holdings of securities, such as the
nominal (i.e face) value, accounting (i.e book) value, market value, sales and purchases, on a security-by-security
basis. This information permits NCBs to obtain accurate information on the ‘revaluation adjustment’ to be sub-
mitted to the ECB. This method is intended to accommodate NCBs that already follow such an approach in col-
lecting data at a local level.

6.

In principle, NCBs are restricted to the above methods. However, other methods can also be used if they are shown to
be capable of delivering data of comparable quality.

Section 3: Monthly flow adjustments — special adaptations

1.

ECB/NCB balance sheet statistics

1.

In accordance with the bridging exercise, the requirement for balance sheet data has been slightly modified to reflect
the activities of the ECB/NCBs. Certain items have been removed, i.e. no data are required on the breakdown of repos
or deposits with periods of notice. Other items have been added, i.e. on the liabilities side, ‘counterpart of SDRs’ and
on the assets side, ‘gold and gold receivables’ and ‘receivables from drawing rights, SDRs, other’, as stocks for these
items are also required in this Guideline. The ECB/NCBs submit adjustment data for each of these items.

2.

The ECB/NCBs submit adjustments to the ECB according to the procedures outlined in this Guideline. However, some
modifications can be identified:

— reclassifications and other adjustments: the adjustments to ‘changes in statistical coverage’ are not relevant. However,
the ECB/NCBs may have positions subject to reclassifications and revisions, in which case adjustments are provided,

— adjustments to exchange rate changes: in accordance with Regulation ECB/2001/13, Annex I, Part 2, Table 4,
currency-by-currency data are provided from end-December 1998. For the purposes of calculating the exchange
rate adjustment, back and historic data may be sent. In the ECB’s case, the exchange rate adjustment is not esti-
mated using the standard procedure; instead, it is reported directly from the accounting data,

— revaluation adjustments: in accordance with the agreed procedure, the ECB/NCBs provide data on the size of this
revaluation. The ECB’s/NCBs’ balance sheet is presented on a monthly basis at market value for statistical pur-
poses. As a consequence, revaluation adjustments are reported every month.

A threshold of EUR 5 million is set for the NCBs’ ‘reclassification and other adjustments’ data. This threshold is needed
because NCB balance sheets are reported separately and may be published separately (within the consolidated balance
sheet of the European System of Central Banks).

2. Money market funds

The NCBs provide adjustments in respect of ‘reclassifications and other adjustments’ and ‘revaluation adjustments’ in
accordance with the reporting scheme for money market funds (MMFs). In certain circumstances these procedures may
need to be adapted. Nevertheless, Article 4.6 of Regulation ECB/2001/13 provides NCBs with the possibility of grant-
ing a derogation to some or all MMFs in respect of reporting ‘revaluation adjustments’.

3.

1.

2.

The following rules apply unless a derogation is granted:

(a)

(b)

the assets side of the MMFs balance sheet does not require any special treatment as it is already fully covered by
this Guideline;

the liabilities side consists almost entirely of the item ‘money market fund shares/units’. MMFs are institutional
units in their own right and, hence, cannot be considered as transparent. As a consequence, the treatment of the
assets side of the MMFs balance sheet has no direct implications for the treatment of the liabilities side. Further-
more, the treatment is similar to that given to similar instruments on the liabilities side;

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(c) MMFs are included in the list of MFIs because MMF shares/units are close substitutes for deposits. Therefore, MMF
shares/units receive the same treatment as deposits. Financial transactions in deposits comprise flows into/out of
deposit accounts due to customer credits/debits and the receipt of interest. As deposits have a fixed nominal
value, there are no holding gains and losses. Hence, all changes in stocks between two periods represent, with
the exception of ‘reclassifications and other adjustments’, financial transactions;

(d)

as far as MMF shares/units are concerned, customer credits/debits to/from deposits have their equivalent in the
purchase/sale of shares/units; the receipt of interest on deposits has its equivalent in changes in the value of
shares/units. As changes in the value of MMF shares/units usually occur daily, this instrument is similar to depos-
its where interest is received daily. This is explained by the ease with which MMF shares/units can be liquidated.
As deposits, all changes in the stock of MMF shares/units are to be treated as financial transactions (again, with
the exception of ‘reclassifications and other adjustments’).

3.

In summary, if the derogation in respect of the ‘revaluation adjustments’ is not applied, MMF assets are treated in accor-
dance with the common procedure (1). Under liabilities, to calculate the ‘money market fund shares/units’ flow, it is
enough to exclude the ‘reclassification’ adjustments from the difference between the balances as long as no revaluation
adjustment is reported for this instrument.

3.

General government liabilities (and assets)

Stock data are collected for deposit liabilities and assets of the general government. For the purposes of compiling flow sta-
tistics, adjustments data are, in principle, supplied in accordance with the requirements established for MFI balance sheet
statistics. In practice, changes other than transactions, i.e. due to exchange rate or market price changes, are unlikely to occur.
These data are reported as indicated in Part 3 of Annex III.

4. Memorandum items

Memo item flows are also calculated by using the residency breakdown of holders of securities issued by MFIs, in order to
integrate these data in the regular production of BSI statistics and in the calculation of monetary aggregates. For that reason,
reclassification adjustments, exchange rate adjustments and revaluation adjustments are calculated for these memo items.
These data are reported as indicated in Part 4 of Annex III.

Section 4: Calculation of flow adjustments

1.

2.

3.

Given that part of the data previously reported on a quarterly basis under Regulation ECB/1998/16 (2) Annex I, Part 2,
Tables 2 and 3, is reported on a monthly basis under Regulation ECB/2001/13, Annex I, Part 2, Table 1 (hereinafter
Table 1), and considering the need to continue the calculation of flow statistics for those items that are still reported
on a quarterly basis, i.e. items required under Regulation ECB/2001/13, Annex I, Part 2, Table 2 (hereinafter Table 2),
NCBs are required to provide adjustment data for quarterly data as detailed below, using estimates if needed.

For completeness, this requirement also applies to reporting adjustments for NCB data, including historical data, at
least from and including January 1999.

The procedure for calculating flows for Table 2 is similar to that applied to Table 1, as described in paragraphs a and
b below. Relevant quarterly adjustments are reported in the following cases:

(a) When an adjustment is submitted for Table 1, it may affect the breakdown items contained in Table 2. In other
words, where an adjustment is reported in Table 1, this implies that adjustments are reported for items contained
in Table 2. Consistency is ensured between the two sets of data on a quarterly basis, i.e., the sum of the monthly
adjustments must equal the quarterly adjustment. If a threshold is established for the quarterly adjustments, or
the quarterly adjustments cannot be identified in full or to the same level of detail as the monthly adjustment, the
adjustment is calculated so as to avoid discrepancies with the adjustment reported for the monthly data.

(1) The counterpart of the revaluation on the assets side, in the case of MMFs, is not ‘money market fund shares/units’ but ‘remaining

liabilities’.

(2) OJ L 356, 30.12.1998, p. 7. Regulation as repealed by Regulation ECB/2001/13.

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(b) As regards ‘price revaluation of securities’, excluding valuation changes that arise from transactions in securities,
i.e. applying the ‘balance sheet method’ (see Guidance notes to the Regulation 2001/13), may cause inconsisten-
cies between monthly and quarterly adjustments. Under this method, only revaluations affecting securities
reported as stocks at both the end of the present and at the end of the previous reporting period are considered.
As a consequence, a shift in the reporting frequency would give rise to differences in the adjustment reported. To
avoid this undesired effect and to ensure consistency between quarterly and monthly adjustments, the calcula-
tion of the ‘price revaluation of securities’, where the ‘balance sheet method’ is applied, are done on a monthly
basis irrespective of whether the data are reported monthly or quarterly. In other words, the quarterly adjustment
is calculated as the sum of monthly adjustments, ensuring consistency between monthly and quarterly adjust-
ments. Where the underlying data are not available on a monthly basis, estimates are accepted, in order to ensure
consistency between the monthly and quarterly adjustments. On the contrary, to include valuation changes that
arise from transactions in securities, i.e. applying the ‘transaction method’, provides quarterly adjustments that
are fully consistent with the monthly data. Under the ‘transaction method’, all revaluations affecting securities are
reported, without regard to the stocks at the beginning or end of the period. As a consequence, the quarterly
adjustments coincide with the sum of the monthly adjustments.

(c) Adjustments may be needed for the quarterly tables even if no adjustment is reported in Table 1. This is the case
when a reclassification takes place at the quarterly level of detail but is cancelled out at the more aggregated
monthly level. It may also apply to ‘revaluation adjustments’ when the different components of a monthly item
move in different directions. Consistency is also ensured between monthly and quarterly data in these cases.
Regarding ‘price revaluation of securities’, consistency is ensured by applying the ‘balance sheet approach’ on a
monthly basis, not only for the monthly tables but also for the quarterly tables.

4.

5.

6.

The extent to which NCBs supply adjustments for quarterly statistics depends on their ability to identify or estimate,
to a reasonable degree of accuracy, the detailed sectoral/instrument classification of existing monthly adjustments. With
respect to ‘reclassifications and other adjustments’, information is available. In particular, the NCBs have sufficiently
detailed information to easily allocate large one-off adjustments (e.g. a reclassification due to a reporting error) to spe-
cific quarterly items. Likewise, quarterly adjustments due to changes in the reporting population do not imply diffi-
culties for the NCBs. In respect of ‘revaluation adjustment’, write-offs and revaluations are more difficult to obtain due
to the lack of the appropriate breakdowns in the original data sources. It is expected that the ‘revaluation adjustment’
is based, at least in part, on estimates. The provision of estimates is accompanied by explanatory notes on the method
used (e.g. missing breakdowns are estimated on a pro rata basis by using stock data).

In order to ensure consistency between adjustments for Table 2 and Table 1, the adjustments to Table 1 refer to a one-
month period, while the adjustments to Table 2 refer to a one quarter period. Adjustments to the quarterly data are
equal to the aggregation of three monthly periods (e.g. the quarterly adjustment reported in March is consistent with
the sum of the monthly adjustments of January, February and March). Since quarterly flows adopt the same frame-
work as monthly flows, including the use of the ‘balance sheet method’ on a monthly basis also for the quarterly flows,
they have to be consistent with them over time.

Flows are also calculated for quarterly memorandum items when compiling the euro area monetary union financial
accounts. In order to avoid increasing the reporting burden, these memorandum items have been integrated into the
existing statistical framework for the regular production of money and banking statistics. For this reason reclassifica-
tion and revaluation adjustments are calculated for these memorandum items.

PART 4

IF statistics — flow adjustments

Section 1: Introduction

1.

For IF statistics, NCBs submit revaluations adjustments, covering both revaluations due to price and exchange rate
changes and reclassification adjustments for all items on the IF balance sheet, according to the frequency indicated in
Article 18. In this process, NCBs may need to calculate and/or estimate the adjustments to some of the breakdowns
not reported by the IFs because they are not considered ‘minimum requirements’ in Regulation ECB/2007/8, Annex I,
Part 3, Table 3.

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2.

3.

1.

2.

Flow adjustments are subject to the same double-entry accounting system as stocks. In all cases, adjustments have a
counterpart which, in many cases, is likely to be ‘IF shares/units issued’ or ‘remaining liabilities’, depending on the
operation or the local accounting rules.

In principle, the following guidance is given for the transaction values of deposits/loans and securities. The transaction
value of deposits/loans and securities excludes fees, etc. The transaction value of a deposit/loan excludes accrued inter-
est that is receivable/payable but has not yet been received or paid. Instead, accrued interest on deposits/loans is
recorded under ‘remaining assets’ or ‘remaining liabilities’, as appropriate.

Accrued interest on securities held and issued is included in the stock data on securities and in the transaction value.

Section 2: Revaluation adjustments

Regulation ECB/2007/8 allows flexibility in terms of the type of data needed to calculate the revaluation adjustments
of assets and liabilities and the form in which these data are collected and compiled. The decision on the method is left
to the NCBs.

In case IFs follow the combined approach in accordance with Annex I of Regulation ECB/2007/8, the following two
options exist for deriving revaluation adjustments for securities:

— IFs report security-by-security information that allows NCBs to derive revaluation adjustments: IFs report to NCBs the infor-
mation as set out in Table 2, paragraphs a, b and d, of Regulation ECB/2007/8, Annex I, Part 3 on a security-
by-security basis. This information permits NCBs to obtain accurate information on the ‘revaluation adjustment’
to be submitted to the ECB. When this option is followed, NCBs may derive the ‘revaluation adjustments’ in accor-
dance with a common Eurosystem method, i.e. the ‘flow-derivation method’, as described in the IF Manual accom-
panying Regulation ECB/2007/8,

— IFs directly report transactions on a security-by-security basis to the NCB: the IFs report the cumulated amounts of pur-
chases and sales of securities, which have occurred during the reference period as set out in Table 2, paragraphs
a and c, of Regulation ECB/2007/8 on a security-by-security basis. NCBs calculate the ‘revaluation adjustment’
by taking the difference between end-period stocks and removing the transactions, and submit the revaluation
adjustment to the ECB in accordance with this Guideline.

3.

For assets and liabilities other than securities or for securities in case IFs follow the aggregated approach, the following
two options exist for deriving revaluation adjustments:

— IFs report aggregated adjustments: IFs report the adjustments applicable to each item, reflecting the valuation
changes due to price and exchange rate changes (1). NCBs that choose this method aggregate the adjustments
reported by IFs for the submission of data to the ECB.

— IFs report aggregated transactions: IFs accumulate transactions during the month and transmit the value of pur-
chases and sales to the NCB. NCBs that receive transactions data calculate the ‘revaluation adjustment’ as a
residual from the difference between the stocks and the transactions, and submit the revaluation adjustment to
the ECB in accordance with this Guideline.

(1)

In accordance with Regulation ECB/2007/8, NCBs collect either the data on revaluations due to price and exchange rate changes from IFs
or alternatively NCBs collect from IFs only the data on revaluations due to price changes and the necessary data, which cover, at a mini-
mum, a currency breakdown into British Pounds, US Dollars, Japanese Yens and Swiss Francs, in order to derive the revaluations due to
exchange rate changes.

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Appendix I

EFFECTS OF MERGERS, ACQUISITIONS AND DIVISIONS ON FLOWS COMPILATION

1. Merger of two or more reporting institutions into a new reporting institution (two or more MFIs into a new

MFI or two or more Ifs into a new IF)

When a merger takes place, two different types of non-transactions may arise. First, and probably most important, a
change in the value of assets and liabilities may occur. Such a revaluation/devaluation is not a transaction, so the
amount involved is recorded under ‘revaluation adjustments’. In addition, any outstanding balances between the two
merged institutions are cancelled. According to paragraph 6.30 of the ESA 95, this cancellation is not a financial trans-
action and therefore an adjustment to remove its impact from the flow statistics is included under ‘reclassifications
and other adjustments’ with a negative sign (1). Where valuation methods of assets and liabilities are different, a
revaluation/devaluation of the netted items is also involved. The information sources for the identification of these
adjustments are the final assets and liabilities recorded for the two merged institutions and the first assets and liabili-
ties recorded for the new institution. Ideally, the merged institutions are asked for information on their assets and
liabilities both on an unmerged and merged basis as at the time when the merger takes place. In this way, the differ-
ence between the assets and liabilities on an unmerged basis and the assets and liabilities on a merged basis only rep-
resents non-transaction flows. However, growth rates are calculated by the European Central Bank on the implicit
assumption that reclassification adjustments take place at the end of each reporting period. Therefore, it is correct to
base adjustments on the last assets and liabilities reported to the national central bank by the separate institutions and
the first assets and liabilities reported by the merged institution in the following reporting period. In this case, the effect
of the merger and the transactions that occurred during the reporting period between these two observations are
reported together as an adjustment.

2.

Acquisition of one reporting institution by another reporting institution (one MFI by another MFI or one IF
by another IF)

This operation is very similar to a merger and both types of non-transaction identified above can arise. However, there
is one difference. Instead of having the assets and liabilities from three different institutions, in this case, the acquiring
institution records two sets of assets and liabilities and the acquired institution records one set of assets and liabilities.
However, the procedure for identifying the impact of the acquisition is the same as in a merger. Again, ideally, acquir-
ing and acquired institutions are asked for asset and liability information on both a pre-acquisition and post-acquisition
basis as at the time when the acquisition takes place. However, a solution in full accordance with the calculation of
growth rates consists in an adjustment that is made on the basis of the last assets and liabilities reported by the sepa-
rate institutions and the first post-acquisition assets and liabilities of the acquiring institution.

3. Division of one reporting institution into two different reporting institutions (one MFI into two MFIs or one

IF into two IFs)

This operation is the opposite of a merger. However, any change in the valuation of assets/liabilities has the same
impact as in a merger. Here as well, balances vis-à-vis other institutions can include amounts between the two insti-
tutions that are not due to transactions. These amounts are included as an adjustment in ‘reclassifications and other
adjustments’, with a positive sign. The information available in this context is different. If two new institutions are cre-
ated, there is one set of assets and liabilities from the previous institution and two sets of assets and liabilities from the
new institutions. The envisaged procedures outlined above can apply to this case by taking the time of the division
into account instead of the time of the merger, and using the information that is relevant in the case of a division.

4. Mergers, acquisitions and divisions when one of the institutions does not belong to the reporting sector

In all three cases, where one institution does not belong to the reporting sector, there is also a change in the reporting
population (2). In this case, it is difficult to distinguish between the adjustments arising from the restructuring and other
adjustments and transactions.

In the ESA 95 mergers are considered as a change in structure, see ‘changes in sector classification and structure’ (K.12.1).

(1)
(2) A change in the reporting population does not necessarily imply a change in the number of reporting institutions. It is the business that

was not reported and that is now that makes the difference.

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In principle, data are sought from all involved institutions, although it is recognised that data on the assets and liabili-
ties of an institution not belonging to the reporting sector may not be available. Otherwise an estimate of the trans-
actions of the institution belonging to the reporting sector before and after this operation is made (perhaps on the basis
of the trend presented by data available for previous reporting periods). The rest of the difference between the two sets
of assets and liabilities is included in ‘reclassifications and other adjustments’.

5.

Effects on monetary/credit aggregates of mergers, acquisitions and divisions in the context of BSI statistics

The probability of monetary/credit aggregates being affected by these developments is low, but it cannot be ignored.
The main reasons why they may be affected are:

— changes in the reporting population: these are not caused by the merger/acquisition/division itself, but only by a

change in the sector of an institution,

— revaluation: a revaluation can be associated with a merger/acquisition and affect almost all items. It is expected to

have more effect on the assets side of the balance sheet,

— netting of balances between two institutions: this development can only modify monetary/credit aggregates if the valu-
ation methods of assets and liabilities are different. In such a case, only the change in value has any effect on
monetary/credit aggregates, while the ‘change in structure’, i.e. netting, is not expected to have any impact on
these aggregates.

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Appendix II

TREATMENT OF DEBT ASSUMPTION

1. Definition of debt assumption

1. Debt assumption is an operation that usually involves the central government sector replacing public corporations (part
of the other resident sectors) as the debtor in respect of loans originally granted by banks (the monetary financial insti-
tution (MFI) sector). This financial operation can also take place between other institutional sectors and may refer to
securities instead of loans. In this case, the treatment would be similar.

2. As debt assumption has an impact on the MFI balance sheet, it is important to ensure the correct treatment of the finan-
cial aspects of the operation within money and banking statistics. This Appendix outlines the required statistical treat-
ment of debt assumption.

2.

Statistical treatment

1. Debt assumption involving a triangular relationship between the central government, the other resident sectors and
the MFI sector is recorded as follows (1). Debt assumption by central government is treated as a capital transfer from
the central government (i.e the entity assuming the debt) to the other resident sectors (i.e debtors). The financial coun-
terpart of the capital receipt by the other resident sectors is a decrease in MFI loans to the other resident sectors, i.e. the
repayment of the other resident sectors’ original debt to the MFI sector, with the financial counterpart of the capital
payment by the central government recorded as an increase in MFI loans to the central government.

2. Hence, in the flow statistics compiled for the MFI balance sheet, two separate financial transactions are shown: (i) the
other resident sectors’ repayment of debt to the MFI sector and; (ii) simultaneously, the granting of a loan by the MFI
sector to the central government. The absence of any movement of cash between the parties concerned alters neither
the economic significance of the operation, nor its statistical treatment.

3. Within the MFI balance sheet and related statistics compiled in accordance with Regulation ECB/2001/13, debt assump-

tion is treated as follows:

(a)

(b)

for MFI balance sheet statistics, the act of debt assumption is automatically recorded within the balance sheet as a
decline in the stock of MFI loans to the other resident sectors matched by an increase in MFI loans to the general
government sector within the monthly balance sheet statistics in Table 1 in Regulation ECB/2001/13, Annex I,
Part 2. In the more detailed sectoral breakdown, the operation appears as a fall in MFI loans to non-financial cor-
porations in Table 1 or, where the public corporation is a financial enterprise, to other financial intermediaries
and an increase in MFI loans to central government in Table 2 in Regulation ECB/2001/13, Annex I, Part 2;

for adjustment data for the compilation of flows, in euro area money and banking statistics, financial transaction
flows are calculated as the difference in the outstanding stocks less any adjustments for non-transactions. Hence,
the fall in MFI loans to the other resident sectors and the increase in MFI loans to the general government are
implicitly recorded as financial transactions, without the need for any further intervention in the figures. There is
no requirement for NCBs to provide any adjustment data for these financial operations.

(1) The ESA 95 treats debt assumption as a capital transfer, i.e. ‘the counterpart transaction of debt assumption … is classified in the category
capital transfers’ (paragraph 5.16) and, by definition, the financial counterpart of a capital transfer is a transaction. While the interpreta-
tion of the ESA 95 provided here and the proposed treatment of debt assumption within MFI balance sheet statistics is fully in line with
the treatment of debt assumption in the euro area financial accounts, attention is drawn to the existence of certain exceptions to the rule
that debt assumption is treated as a capital transfer (listed in the ESA 95 paragraphs 5.16, 6.29 and 6.30). However, these exceptions only
apply where the debt assumption involves the central government absorbing a public corporation, i.e. subsuming the corporation into
the central government. In this case, the operation is not treated as a financial transaction, but as a sector reclassification, i.e. from the
other resident sectors to central government. In order to remove the impact of this sector reclassification from the flows, NCBs must sub-
mit an adjustment for this reclassification.

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3.

Example with accounting entries

1.

2.

The first part of this example presents the account entries during the whole process related to debt assumption in the
form of T-diagrams. The second part, in the next section, compares debt assumption with other payments made by the
central government to the other resident sectors, and how they are reflected in accounting terms.

The origin of this operation is a loan initially granted by an MFI to a publicly owned corporation in the other resident
sectors. The loan is usually guaranteed by the central government. When the loan is granted, the following stylised
entries take place (1):

MFI

Other resident sectors

Central government

A

L

A

L

A

L

– Cash

Deposits --

+ Cash

Loan from MFI +

+ Loan to other

resident sectors

3. At a later date, the corporation is unable to pay back the loan, so that the central government assumes the debt. From
then onwards, the debtor is no longer the other resident sectors; instead, the central government becomes the debtor.
The entries are as follows (2):

MFI

Other resident sectors

Central government

A

L

A

L

A

L

Deposits --

+ Loan to central
government

– Loan to other

resident sectors

Capital +

Loan from MFI -

Capital –

Loan from MFI +

4.

5.

Therefore, in the MFI balance sheet there is a simply a change in the counterparty sector of the loan. This change is
real, because it follows the rules relating to a real transfer between the central government and the other resident sec-
tors. The capital account entry is made because of the capital transfer that takes place.

Cash is not involved in the above example, but if it were, the final situation would be the same. In the event of the
central government financing the assumption of the debt by running down deposits, rather than by increasing loans,
a triangular movement would occur with no final net result, as shown below.

In the first step, the central government borrows money from the MFI:

MFI

Other resident sectors

Central government

A

L

A

L

A

L

+ Loan to central
government

– Cash

-- Loan to other

resident sectors

Loan from MFI --

+ Cash

Loan from MFI +

(1) The sign conventions are as follows: + means an increase, — means a decrease, — means no change in that item.
(2) The terminology used for the accounts is that of the MFI balance sheet. Therefore ‘capital’ means ‘profit and loss account’ in the case of

the other resident sectors and ‘net lending or borrowing’ in the case of the central government.

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In the second step, the central government makes a cash transfer to the other resident sectors:

MFI

Other resident sectors

Central government

A

L

A

L

A

L

-- Loan to central
government

–

Loan to other
resident sectors

+ Cash

Capital +

– Cash

Capital –

Loan from MFI --

Loan from MFI --

In the third step, the other resident sectors use the cash received from the central government to finance the repayment
of the debt to the MFI:

MFI

Other resident sectors

Central government

A

L

A

L

A

L

-- Loan to central
government

–

Loan to other
resident sectors

+ Cash

– Cash

Capital –

Loan from MFI -

Capital –

Loan from MFI --

As shown above, the cash appears twice with different signs in each balance sheet. Therefore, the net effect is nil.

4. Other payments by the central government sector

1.

For the purposes of comparison with debt assumption operations, the accounting entries corresponding to the other
transfers by the central government are presented below. A transfer from the central government to the other resident
sectors usually takes place in the form of a payment in cash/deposit.

The central government has deposits with banks or with the central bank, and these deposits are used to make pay-
ments for expenditure. Therefore, when the central government makes a payment as a consequence of a transfer to the
other resident sectors, the entries are as follows:

MFI

Other resident sectors

Central government

A

L

A

L

A

L

+ Deposit with

Capital +

Deposit with MFI

Capital -

MFI

Deposit from cen-
tral government -

Deposit from other
resident sectors +

2.

The features of this transfer are the same as those in the case of a debt assumption, with the entries differing only to the
extent that different financial instruments are used in the operation. For monetary analysis, the difference is that a debt
assumption by the central government impacts on the credit aggregates (loans to the other resident sectors fall, while
loans to central government rise), while the same capital transfer paid in cash impacts on the monetary aggregates
(deposits held by central government, which is in the money-neutral sector, fall, while deposits held by the other resi-
dent sectors, which is in the money-holding sector, rise). In both cases, however, there is a financial transaction, so that
no adjustment is needed.

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Appendix III

TREATMENT OF SECURITISATION AND LOAN TRANSFERS IN THE CONTEXT OF THE DERIVATION
OF BSI FLOW STATISTICS

1.

Securitisation and loan transfer

1.

‘Securitisation’ is a process whereby finance can be raised from external investors by enabling them to invest in parcels
of specific financial assets. It involves MFIs either selling loans to third parties, which use these loans to back the issue
of securities, or acquiring negotiable securities as a replacement for loans. This operation consists of the MFI either
selling loans to an intermediary and the subsequent or simultaneous issue of securities, by that intermediary, backed
by the loans, or acquiring securities issued by the debtor as a replacement for a loan, without involving an interme-
diary. Both types of operations give rise to the same result in the MFI balance sheet. The former is much more com-
mon. However, the latter is explained first, as it is less complex.

2.

A ‘loan transfer’ is an operation similar to a securitisation in which MFIs sell loans to investors in a process that does
not involve the issue of securities. The economic purpose of this operation and its statistical treatment is, however, in
certain respects rather similar to a securitisation.

2.

Securitisation without intermediary and loan transfers

(a) Description

This operation takes place when a ‘new security is issued [by the original debtor{] as replacement for the original
asset, which is effectively liquidated’ (ESA 95, paragraph 5.63) and this new security is simultaneously sold to third
party investors.

(b)

Economic sense

The operation involves the creditor MFI being repaid the original loan by the debtor. This repayment is financed
by the debtor issuing securities. The securities issued by the debtor could in theory be held for a short time by the
creditor MFI, but are usually sold directly to the investors. Some doubts exist as to whether this type of operation
is very widespread, because only large corporations and public bodies issue securities in practice. If the operation
does not involve the transformation of the loan into securities, i.e. if the instrument sold to the investors remains
non-negotiable, then a loan transfer is deemed to occur. A loan transfer is nevertheless usually performed by frag-
menting the original loan into smaller units, which is sold by the creditor MFI, together with the benefits/risks, to
third parties.

(c)

Statistical treatment

From an MFI creditor’s point of view, securitisation usually involves a sale of the loans for cash, i.e. the MFI
receives cash from the debtor in repayment of a loan. This is treated as a decrease in ‘loans to non-MFIs’ and an
increase in ‘cash/deposits’. The debtor finances this loan repayment out of the proceeds arising from the securi-
ties issue (1). The MFI may receive the issued securities rather than cash from the debtor. In that case, the MFI
treats the counterpart to the decrease in ‘loans’ as an increase in ‘securities other than shares’. The MFI would nor-
mally then sell the new securities to third party investors. In both cases, the MFI may remove the loan/securities
from its balance sheet if the ‘risks and rewards’ of ownership are fully transferred to the third parties. In the case
of a loan transfer, a change in the balance sheet takes place when the sale to the third parties is completed.

(1) The instruments issued by the debtor are classified as securities only where they meet the necessary conditions in terms of negotiability
and marketability. According to Regulation ECB/2001/13, the item ‘securities other than shares’ includes ‘negotiable loans that have been
restructured into a large number of identical documents and that can be traded on secondary markets’.

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For statistical purposes, the creditor MFI’s sale of the loan is to be treated as a financial transaction. In cases where
the loans are securitised, the MFI creditor accepts either cash or temporarily accepts the new securities issued by
the debtor in repayment of the loan. In cases where the loans are not securitised (e.g. a loan transfer), the MFI
usually receives cash from the debtor, which is financed by the sale of the loan to third party investors. These
operations are treated as financial transactions. As these operations are transactions, i.e. true flows, no adjust-
ment is reported. This treatment is consistent with paragraph 5.62(k) of the ESA 95, which specifies that the con-
version of loans into securities ‘involves two financial transactions: the liquidation of the loan and the creation of
the new securities’.

(d)

Illustration

A securitisation/loan transfer is simply the sale of a loan to a third party. It is reflected in the MFI balance sheet
as a sale of the loan with a counterpart entry in cash or deposits.

MFI

A

L

+ 100 Cash

– 100 Loan

3.

Securitisation through a financial intermediary

(a) Description

Securitisation takes place where the ‘original asset [}loan{] is transferred [}by the creditor{] to another institu-
tional unit and the new securities replace the original asset [}loan] on the original institutional unit’s balance sheet’
(ESA 95, paragraph 5.63) and these new securities are simultaneously or subsequently sold to third party inves-
tors. In practice, the operation may be structured in such a way that the securities issued by the financial inter-
mediary are sold direct to third party investors.

(b)

Economic sense

The aim is for the creditor MFI to release resources by transferring assets to third parties. In this case, the original
asset, i.e. loan, is sold to a special financial intermediary. This financial intermediary, called a ‘financial vehicle
corporation’ (FVC) (ESA 95, paragraph 2.55), is usually created for the sole purpose of holding the securitised
assets. The MFI sells the asset to be securitised to the FVC in exchange either for cash or the securities issued by
the FVC.

(c)

Statistical treatment

From the point of view of the creditor MFI, the operation involves an exchange of assets, as in the case above.
The MFI receives a new asset, cash or securities, for the sale of the loan. Therefore, in the MFI’s balance sheet, the
exchange is reflected as a decrease in ‘loans’ and an increase in ‘cash/deposits’ or ‘securities’. This treatment only
applies where the MFI creditor transfers all the risks and rewards of ownership of the original loans to the FVC.
Where the risks and rewards of ownership remain with the MFI, then it must be treated as an on-balance-sheet
securitisation (see the illustration below). For statistical purposes, the creditor MFI’s sale of loans is treated as a
financial transaction, i.e. as a real flow, with no adjustment to be reported.

(d)

Illustration

Usually this type of securitisation takes place as a ‘triangular’ operation. The MFI owns a loan and sells it to the
FVC, which finances the purchase via the issue of securities backed by the loan. It is reflected in the balance sheets
as follows:

MFI

FVC

A

L

A

L

+ 100 Cash

– 100 Loan

+ 100 Loan

+ 100 Debt securities

issued

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In case an MFI receives the securities issued by the FVC instead of cash, the operation is divided into two steps as
follows.

Step 1: the loan is sold to the FVC in exchange for securities issued by the FVC:

MFI

FVC

A

– 100 Cash

+ 100 Securities other than

shares

Step 2: later, the MFI sells the securities:

MFI

A

+ 100 Cash

– 100 Securities other than

shares

L

L

A

L

+ 100 Loan

+ 100 Debt securities

issued

FVC

A

L

4.

Asset-backed securities

(a) Description

The issue of asset-backed securities is related to securitisation. This operation consists of an MFI creditor issuing
securities that are backed by loans on its books Asset-backed issues are not considered to be securitisation in the
ESA 95 (1).

(b)

Economic sense

The purpose of this type of operation is for the MFI creditor to raise funds from external investors by enabling
investors to invest indirectly in parcels of specific assets via the purchase of securities issued in the name of, and
on the account of, the MFI creditor, but with the backing of these loans. This type of operation does not involve
any change in the relationship between the original creditor and debtor. Eventually, the MFI creditor may be
released from all rights and obligations in relation to the other two parties. If so, the operation must be treated as
a securitisation.

(c)

Statistical treatment

In principle, this operation is no different from the issue of debt securities with an additional off-balance-sheet
guarantee, i.e. the operation is treated in the same terms for statistical purposes regardless of the involvement of
collateral. As a consequence, the issue of securities is deemed to be a transaction. No adjustment is reported. If
the MFI creditor is subsequently released from all obligations to the final investor, it means a payment of the debt
with the loan recorded on the asset side. That is also a financial transaction. In summary, the issue and sale of
asset-backed securities are financial transactions and, as a consequence, no adjustment is reported.

(d)

Illustration

The statistical treatment is reflected in the balance sheet, step-by-step, as follows:

MFI

A

L

+ 100 Cash

+ 100 Debt securities

(1) Even though the term ‘securitisation’ is used in business to refer to asset-backed operations, in the area of monetary and financial statistics

the term refers only to the ESA 95 definition of securitisation.

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The MFI issues asset-backed securities. In principle, the operation is finished. Eventually, the MFI can be released
from any obligation to the creditor, i.e. the investor in securities, by repaying its obligation with the loan recorded
on the asset side. In that case, the operation becomes a securitisation:

MFI

A

L

+ 100 Loans

+ 100 Debt securities

5. Write-offs and securitisation

1. A write-off may be attached to a securitisation. This is the case when bad loans are securitised. If the bad loans
are provisioned and the provisions included within the liability side, or not provisioned at all, at the time that the
loans are securitised the MFI receives in the item ‘debt securities’ or cash less than the gross amount of the secu-
ritised loans. The difference between the accounting value of the loan and its market value when it is exchanged
for securities is a loss for the MFI.

The operation is as follows: the MFI sells to the FVC a bad loan that is traded at 50 % of its value for debt secu-
rities issued by the FVC. The loan was previously provisioned but recorded in gross terms, i.e. the provision was
recorded on the liability side under ‘capital and reserves’.

2.

In fact, a write-off has taken place at the time the loan was securitised. Therefore an adjustment, by the amount
involved in the write-off (50 %), is reported to correctly calculate the flow. Where a write-off takes place at the
same time as the securitisation, an adjustment is reported for this write-off if available (see also the Guidance notes
to Regulation ECB/2001/13).

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ANNEX VI

LIST OF MFIs FOR STATISTICAL PURPOSES

PART 1

Variables for the purpose of the list of MFIs for statistical purpose

Variable name

object_request

Variable description

Status

This specifies the type of monetary financial institution (MFI) update sent
and can take one of seven predefined values:

Mandatory

‘mfi_req_new’: specifies that information on a new MFI is given,

‘mfi_req_mod’: specifies that information on modifications to an existing
MFI is given,

‘mfi_req_del’: specifies that information on an existing MFI to be deleted
is given,

‘mfi_req_merger’: specifies that information on institutions involved in a
merger (1) is given,

‘mfi_req_realloc’: specifies that reallocation of a deleted mfi_id to a new
MFI is required,

‘mfi_req_mod_id_realloc’: specifies that a change of the mfi_id of an
existing MFI to that of a deleted MFI is required,

‘mfi_req_mod_id’: specifies that a change of ‘mfi_id’ is required.

mfi_id

host

id

name

This is the primary key for the MFI dataset. It specifies the unique iden-
tification code (hereinafter the ‘id code’) of the MFI, and is comprised of
two parts: ‘host’ and ‘id’. The values for the two parts combined should
ensure that the ‘mfi_id’ is unique to that MFI.

Mandatory

This variable specifies the country of registration of the MFI, given as a
two-character country ISO code.

Mandatory when part of id
code

This specifies the id code for the MFI (without the ‘host’ two-character ISO
country code as a prefix)

Mandatory when part of id
code

This specifies the full registration name of the MFI, including the com-
pany designation (i.e. Plc, Ltd, SpA, etc.).

Mandatory

address

This specifies the location details of the MFI, and is composed of four
parts: ‘postal_address’, ‘postal_box’, ‘postal_code’ and ‘city’.

Mandatory for ‘new’ and
‘mod’ requests

postal_address

This specifies the street name and the building number.

Mandatory for ‘new’ and
‘mod’ requests

postal_box

This specifies the post office box number, using national box convention
systems.

Mandatory for ‘new’ and
‘mod’ requests

postal_code

This specifies the post code, using the national postal systems conven-
tions.

Mandatory for ‘new’ and
‘mod’ requests

city

This specifies the city of location.

Mandatory for ‘new’ and
‘mod’ requests

category

This indicates the type of MFI, and can have one of four predefined val-
ues: ‘central bank’, ‘credit institution’, ‘money market fund’ or ‘other insti-
tution’.

Mandatory for ‘new’ and
‘mod’ requests

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Variable name

report

Variable description

Status

This indicates whether or not the MFI reports monthly balance sheet
statistics and can take one of two predefined values which are mutually
exclusive:
to the full reporting
requirements; or (ii) ‘false’ when the MFI is not subject to the full reporting
requirements.

‘true’ when the MFI

is subject

(i)

Mandatory for ‘new’ and
‘mod’ requests

order_r

This indicates the desired order of the list of MFIs if the English
alphabetical order does not apply. A numeric value must be assigned to
each MFI in ascending order.

Non-mandatory

head_of_branch

This indicates that the MFI is a foreign branch. This can take one of three
values: ‘non_eu_head’, ‘eu_non_mfi_head’ and ‘eu_mfi_head’.

Mandatory for foreign
branches

non_eu_head

This indicates that the head office is extra EU resident, and is composed
of two parts: ‘host’ and ‘name’.

Mandatory for foreign
branches

eu_non_mfi_head This indicates that the head office is an EU resident and is not an MFI. This
‘non_mfi_id’ (country of registration and
is comprised of two parts:
identification code) and ‘name’
the head office). The
identification code of the non-MFI can be either ‘OFI’ (other financial
institution) or a two-character ISO country code followed by a suffix
referring to the appropriate sectoral classification of the ESA 95.

(name of

Mandatory for foreign
branches

eu_mfi_head

This indicates that the head office is an EU resident and an MFI. The value
for this variable is comprised of ‘mfi_id’.

Mandatory for foreign
branches

mfi_req_merger

This specifies that merger information is being sent.

submerger

This is used to report institutions sharing the same ‘date’ of legal effect of
merger activity, and is composed of four parts:
‘comment’,
‘involved_mfi’ and ‘involved_non_mfi’.

‘date’,

Mandatory for mergers
(both domestic and
cross-border)

Mandatory for mergers

involved_mfi

This specifies that an MFI is involved in a cross-border merger. The value
for this variable is comprised of ‘mfi_ref’.

Mandatory for
cross-border mergers

involved_non_mfi This specifies that a non-MFI is involved in the merger. The value for this

Mandatory for mergers

variable is comprised of ‘non_mfi_obj’.

mfi_ref

This specifies details of an MFI involved in a cross-border merger, and is
composed of two parts: ‘mfi_id’ and ‘name’.

Mandatory for
cross-border mergers

non_mfi_obj

This specifies details of a non-MFI involved in a merger with an MFI, and
is composed of two parts: ‘non_mfi_id’ and ‘name’.

Mandatory for mergers

non_mfi_id

This specifies details of a non-MFI involved in a merger with an MFI, and
is comprised of two parts: ‘host’ and ‘id’.

Mandatory for mergers

ecb_id

This is a unique code established by the ECB, assigned to each MFI. It is
sent, via the RIAD Data Exchange System, to NCBs with all standard
disseminations. NCBs can choose to either accept or delete it.

Not applicable for NCB
updates. For
disseminations only.

head_ecb_id

This is a unique code established by the ECB, assigned to head offices of
EU MFI foreign branches. It is sent, via the RIAD Data Exchange System,
to NCBs, with all standard disseminations. NCBs can choose to either
accept or delete it.

Not applicable for NCB
updates. For
disseminations only.

(1) Unless explicitly stated otherwise, the term ‘mergers’ refers to domestic mergers.

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PART 2

Validation checks

1. General checks

It will be checked that:

— all mandatory variables are completed;

— the value for the variable ‘object_request’ is one of the seven predefined types set out in Part 1 to this Annex
(‘mfi_req_new’, ‘mfi_req_mod’, ‘mfi_req_del’, ‘mfi_req_merger’, ‘mfi_req_realloc’, ‘mfi_req_mod_id_realloc’ and
‘mfi_req_mod_id’), depending on the kind of information transmitted; and

— NCBs use the Roman alphabet when reporting updates to the ECB.

2.

Id code checks

It will be checked that:

— the variable ‘mfi_id’ is comprised of two separate parts, a ‘host’ variable and an ‘id’ variable, and the values for the

two parts combined ensure that the ‘mfi_id’ is unique to that MFI;

— the value for the variable ‘host’ for an MFI is a two-character country EU ISO code;

— a previously used id code is not allocated to a new MFI, unless the conditions laid down in Article 19(1) of this
Guideline, fourth paragraph are met. In such case, NCBs must send an ‘mfi_req_realloc’ request to the ECB;

— the same id codes as released monthly in the list of MFIs on the ECB’s website are used;

— when reporting an id code change, a specific request ‘mfi_req_mod_id’ is used; and

— when reporting an id code change to a previously deleted id code, a specific request ‘mfi_req_mod_id_realloc’ is

used.

If the new MFI id code has already been used and the request is not an mfi_req_mod_id_realloc (or the new MFI id
code is in the current list) the ECB rejects the request.

If the variable ‘mfi_id’ is incomplete, incorrect or missing, the ECB rejects the entire request.

3. Name

It will be checked that:

— this variable contains the full registered name of the institution (1), including the company designation in the
name, i.e. Plc, Ltd, SpA, etc. and that the company designation is consistently reported for all names where this is
applicable;

— the lower case convention is followed to cater for accents; and

— lower case is used where applicable.

If the variable ‘name’ is incomplete, incorrect or missing, the ECB rejects the entire request.

(1) For example, as registered with a Commercial or Business Register.

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4. Address

It will be checked that:

— at least one of the address variables ‘postal_address’, ‘postal_box’ or ‘postal_code’ is completed;

— the ‘postal_address’ variable indicates the street name and street number of the institution;

— the ‘postal_box’ variable uses national box convention systems, and that no post office box text reference is placed

in front of ‘postal_box’ numbers; and

— the ‘postal_code’ variable uses national postal systems conventions and specifies the relevant post code.

If the set of ‘address’ variables is incomplete, incorrect or missing, the ECB rejects the entire request.

5.

City

It will be checked that:

— the variable ‘city’ specifies the city of location.

If the variable ‘city’ is incomplete, incorrect or missing, the ECB rejects the entire request.

6.

Category

It will be checked that:

— the variable ‘category’ indicates the type of MFI according to one of four predefined values set out in Part 1 to this
Annex (‘central bank’, ‘credit institution’, ‘money market fund’ or ‘other institution’), and that lower case is used,
except for initial positions which should be in upper case.

If the variable ‘category’ is incomplete, incorrect or missing, the ECB rejects the entire request.

7. Report

It will be checked that:

— for the variable ‘report’, only one of the two values (true or false) set out in Part 1 to this Annex is used.

If the variable ‘report’ is incomplete, incorrect or missing, the ECB rejects the entire request.

8. Order

It will be checked that:

— the variable ‘order_r’, indicates the desired order of the list of MFIs, if the English alphabetical order is not appli-

cable, and that a numeric value is assigned to each MFI in ascending order.

If the variable ‘order_r’ is incomplete or missing (and all other validation checks are fulfilled), the ECB implements the
request in the MFI dataset.

9.

Foreign branch checks

It will be checked that:

— a value for the variable ‘head_of_branch’ is completed, if the MFI is a foreign branch;

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— the variable ‘head_of_branch’, indicates the type of head office according to one of three predefined variables set

out in Part 1 to this Annex (‘non_eu_head’, ‘eu_non_mfi_head’ or ‘eu_mfi_head’);

— when the variable ‘head_of_branch’ is given as ‘non_eu_head’ (an extra EU resident head office), the host and name

of the head office are given;

— when the variable ‘head_of_branch’ is given as ‘eu_non_mfi_head’ (an EU resident head office, which is not an
MFI) the host, name and id of the head office are given. The ‘id’ of the ‘non_mfi’ is either ‘OFI’ (other financial
institution) or a two-character ISO country code followed by a suffix referring to the appropriate sectoral classi-
fication of the ESA 95;

— when the variable ‘head_of_branch’ is an ‘eu_mfi_head’ (an MFI), the host and id of the head office are given;

— when the variable ‘head_of_branch’ is an ‘eu_mfi_head’ (an MFI), the name of the head office is not given.

If any of the above foreign branch validation checks are violated, the ECB rejects the entire request.

There are two cases in which inconsistent head office information will prevail in the ECB’s MFI dataset:

— if the variable ‘head_of_branch’ is given as an ‘eu_mfi_head’ but the id of the head office does not match that in
the ECB’s MFI dataset, the request will still be implemented. However, the name of the head office will not be con-
tained in the ECB’s MFI dataset,

— if an MFI id code change request is sent, it is possible that head office information pertaining to foreign branches

resident in other Member States, of that MFI, will become inconsistent.

To mitigate this inaccuracy, the RIAD Data Exchange System sends a list of inconsistent head office information
within acknowledgements sent to NCBs.

If a foreign branch reported for inclusion or exclusion in the list of MFIs by a host country NCB, is disputed by the
home country NCB, the following steps are taken: (i) the ECB, with the co-operation of the home and host coun-
try NCBs, will try to reconcile the information. If this is not possible, then (ii) the ECB will decide in favour of the
information, where considered adequate, provided by the host country NCB.

10. Mergers checks

It will be checked that:

— when reporting domestic or cross-border mergers, the variable ‘mfi_req_merger’ is given;

— each group, i.e. two or more institutions sharing the same ‘date’ of legal effect of merger activity is reported under

a separate ‘submerger’ tag;

— when the variable ‘submerger’ is specified, a value for the variable ‘date’ is completed;

— at least one institution involved in the merger is an MFI;

— when reporting a merger (i.e. ‘mfi_req_merger’ is used) where there is no change in the attributes of an MFI
involved in the merger, then this MFI is reported as a modification (i.e. ‘mfi_req_mod’) within the framework of
the merger;

— the variable ‘involved_mfi’ is only reported in case of cross-border mergers;

— when an institution is specified as an ‘involved_mfi’, the variable ‘mfi_ref’ is completed;

— the variable ‘mfi_ref’ is comprised of two parts: (i) ‘mfi_id’ itself composed of the variables ‘host’ and ‘id’; and (ii)

‘name’;

— when an institution is specified as an ‘involved_non_mfi’, the ‘non_mfi_id’ and ‘name’ are completed;

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— the ‘non_mfi_id’ of an ‘involved_non_mfi’ is comprised of two parts: ‘host’ and ‘id’, and is five characters in length.
The ‘host’ is a two character ISO country code. The ‘id’ is three characters in length and refers to the appropriate
sectoral classification of the ESA95.

The ECB will not implement cross-border merger information in the its MFI dataset, unless complete merger requests
from all involved Member States have been reported and validated.

If any of the above mergers validation checks are violated, the ECB rejects the entire request.

11. MFI-MPEC cross-check

When NCBs require that the ECB carries out a cross-check of data between the MFI and eligible monetary policy coun-
terparties (MPEC) datasets, they will place a cross-check flag in the file being transmitted in the RIAD Data Exchange
System. The ECB will carry out the cross-check on the complete MFI and MPEC information reported by the NCB that
sent the information, i.e. including existing MFI and MPEC information in the respective datasets, and not just on the
information received in the file containing the flag. The results will be returned immediately in the form of an
acknowledgement.

The cross-check flag should be utilised in the following way:

— where MFI and MPEC data can be coordinated between respective business areas, the cross-check flag should be

included only in the second file transmitted for the corresponding MFI or MPEC request,

— where coordination is not feasible, an additional message containing only the cross-check flag should be trans-

mitted at the end of the day. This message can be sent by one or both of the MFI-MPEC business areas,

— where a cross-check is not required immediately for MFI-MPEC consistency, the flag should not be placed in the

file,

— where the check is required for execution later in the day, the data should be sent without the cross-check flag. An
empty file with the cross-check flag should be subsequently sent. In this case, as there is no data to check in the
empty file, the cross-check is performed at once,

— the acknowledgement will contain only the result of the cross-check between the MFI and the MPEC datasets of

the sender.

An MFI-MPEC cross-check provides a warning only. Hence, if the crosscheck fails, the ECB will still implement the
request in the ECB’s MFI dataset.

MFI and MPEC discrepancies are checked by the respective MFI and MPEC business areas, five working days prior to,
and on the day of, the end-month release of the list of MFIs and institutions subject to minimum reserves. NCBs are
reminded, via e-mail, to resolve discrepancies urgently. If discrepancies cannot be resolved before the release, NCBs are
requested to provide an explanation. Inconsistent MFI-MPEC records will not be published on the ECB’s website at the
end of each month.

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ANNEX VII

LIST OF IFs FOR STATISTICAL PURPOSES

PART 1

Variables for reporting the list of investment funds for statistical purposes

Variable name

object_request

Variable description

Status

This variable specifies the type of investment fund (IF) update sent and
may have one of eight predefined values:

Mandatory

‘if_req_new’: information on a new IF

‘if_req_mod’: information on modifications to an IF

‘if_req_del’: information on an IF to be deleted

‘if_req_merger’: information on institutions involved in a merger (1)

‘if_req_realloc’: reallocation of a deleted if_id to a new IF

‘if_req_mod_id_realloc’: a change of the if_id of an IF to that of a
deleted IF

‘if_req_mod_id’: a change of ‘if_id’

‘if_req_nav’: information on the net asset value (NAV) per investment
fund (*)

if_id

host

id

name

address

The primary key for the IF dataset specifying the unique IF’s identifica-
tion code (hereinafter the ‘id code’), and is comprised of two parts: ‘host’
and ‘id’. The values for the two parts combined ensure that the ‘if_id’ is
unique to that IF

Mandatory

The two-character country ISO code for the IF’s country of registration
— one of two parts of the ‘if_id’ variable — see above

Mandatory when part of id
code

The IF’s id code — one of two parts of the ‘if_id’ variable — see above

Mandatory when part of id
code

The IF’s full registration name, including the company designation i.e. Plc,
Ltd, SpA, etc.

Mandatory

The IF’s location details, or its management company where applicable
composed of four parts: ‘postal_address’, ‘postal_box’, ‘postal_code’ and
‘city’

Mandatory for ‘new’ and
‘mod’ requests

postal_address

The street name and the number of the building

postal_box

The post office box number, using national box convention systems

postal_code

The post code, using the national postal system conventions

city

The city of location

Mandatory for ‘new’ and
‘mod’ requests

Mandatory for ‘new’ and
‘mod’ requests

Mandatory for ‘new’ and
‘mod’ requests

Mandatory for ‘new’ and
‘mod’ requests

management
company name

The full, registered name of the IF’s management company. If this infor-
mation is missing, the value ‘not available’ (where the IF has a manage-
(where the IF does not have a
ment company) or ‘not applicable’
management company) must be reported

Mandatory

investment
policy

The type of asset in which the investment portfolio is primarily invested.
Seven pre-defined values are possible: ‘bonds’, ‘equities’, ‘hedge’, ‘mixed’,
‘real estate’, ‘other’ or ‘not available’

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Variable name

Variable description

Status

variability of the
capital

This variable specifies the legal form which the IF can take, and can have
one of three predefined values: ‘open-end’ or ‘closed-end’ or ‘not available’

Mandatory

structure_1

This variable specifies the IF structure and can have one of three
predefined values: ‘UCITS (2)’ or ‘non-UCITS’ or ‘not available’

Mandatory

structure_2

More detailed information on the investment fund structure with one of
11 predefined values. Refer to Part 2 below

Mandatory

sub-fund

ISIN codes

This variable specifies whether the investment fund is a sub fund or
otherwise and can have one of four predefined values: ‘yes’ or ‘no’ or ‘not
available’ or ‘not applicable’

Mandatory

This variable specifies the ISIN (3) codes for each share class per
investment fund. The variable is composed of several parts including
‘ISIN_4’ and ‘ISIN_n’. All
reference to:
applicable ISIN codes per investment fund must be reported (*). If
reporting an IF for which ISIN codes are not applicable, the 12 characters
term ‘XXXXXXXXXXXX’ must be reported for ‘ISIN_1’

‘ISIN_1’,

‘ISIN_3’,

‘ISIN_2’,

Mandatory

If_req_nav

This variable specifies that information on the net asset value of the
investment fund is being sent. It is composed of two parts: ‘if_nav_value’
and ‘if_nav_date’. If this information is missing, the value ‘not available’
must be reported (*)

Mandatory

if_req_merger

This variable indicates that merger information is being reported

Mandatory for domestic
and cross-border mergers

submerger

This variable is used to report institutions sharing the same ‘date’ of legal
effect of merger activity, and is composed of four parts: ‘date’, ‘comment’,
‘involved_if’ and ‘involved_non_if’

Mandatory for mergers

involved_if

This variable specifies that an IF is involved in a cross-border merger.
Value for this variable is comprised of ‘if_ref’

Mandatory for
cross-border mergers

involved_non_if

This variable specifies that an entity which is not an IF is involved in the
merger with an IF. Value for this variable is comprised of ‘non_if_obj’.

Mandatory for mergers

if_ref

This variable specifies details of an IF involved in a cross-border merger,
and is composed of two parts: ‘if_id’ and ‘name’

Mandatory for
cross-border mergers

non_if_obj

This variable specifies details of a entity which is not an IF involved in a
merger with an IF, and is composed of two parts: ‘non_if_id’ and ‘name’

Mandatory for mergers

non_if_id

This variable specifies details of an entity which is not an IF involved in
a merger with an IF, and is comprised of two parts: ‘host’ and ‘id’

Mandatory for mergers

confidentiality
flag

ECB facility (*) flagging specific values as confidential

Optional

free_text

Explanatory information on the investment fund

(*) Refer to the RIAD Exchange Specifications document for the precise configuration for reporting this variable
(1) Unless expressly stated otherwise, the term ‘mergers’ refers to domestic merger activity.
(2) Council Directive 85/611/EEC of 20 December 1985 on the coordination of laws, regulations and administrative provisions relating to

undertakings for collective investment in transferable securities (UCITS).
International Securities Identification Number: a code uniquely identifying a securities’ issue, composed of 12 alphanumeric characters.

(3)

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PART 2

Reporting options and definitions for variable ‘structure_2’

The following predefined values shall apply to reporting the variable ‘structure_2’.

1. The investment fund is authorised as UCITS compliant

If the investment fund is authorised as UCITS compliant, one of the following five predefined values must be reported
under the ‘structure_2’ variable:

— ‘UCITS unit trust’: an undertaking constituted according to trust law for collective investment in transferable

securities,

— ‘UCITS variable capital corporation’: an arrangement limited by shares. The main feature is the ease with which the
institution can repurchase or redeem its share capital. The issued share capital must at all times be equal to the net
asset value of the underlying assets. Shareholders of a variable capital corporation enjoy limited liability,

— ‘UCITS unincorporated’: an unincorporated institution,

— ‘other’: implies that none of the above predefined values apply to the investment fund. If this value is reported, a

detailed definition must be reported in parallel as ‘free_text’,

— ‘not available’: implies that information on the ‘structure_2’ of the institution is currently not available.

2. The investment fund is not UCITS compliant

If the investment fund is not UCITS compliant, one of the following eight predefined values must be reported under the
‘structure_2’ variable:

— ‘unit trust’: an undertaking constituted according to trust law for collective investment in transferable securities,

— ‘variable capital corporation’: an arrangement limited by shares. The main feature is the ease with which the institu-
tion can repurchase or redeem its share capital. The issued share capital must at all times be equal to the net asset
value of the underlying assets. Shareholders of a variable capital corporation enjoy limited liability,

— ‘limited partnership’: an arrangement which provides limited liability participation but is a transparent vehicle for
investors’ taxation i.e. each partner is taxed directly on their share of underlying investments. Additionally, capital
raised may easily be returned to investors when profits have been realised on an individual investment,

— ‘investment trust’: a collective investment company, listed on the exchange, which invests primarily in a diversified
portfolio of shares and securities of other companies. The stock market determines the price of shares in an invest-
ment trust,

— ‘unincorporated investment trust’: an unincorporated investment trust,

— ‘unincorporated’: an unincorporated institution,

— ‘other’: implies that none of the above predefined values apply to the investment fund. If this value is reported, a

detailed definition must be reported in parallel as ‘free_text’,

— ‘not available’: implies that information on the ‘structure_2’ of the institution is currently not available.

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PART 3

Validation checks

1. General checks

It will be checked that:

— all mandatory variables are completed;

— the value for the variable ‘object_request’ is one of the eight predefined types set out in Part 1 of this Annex
(‘if_req_new’, ‘if_req_mod’, ‘if_req_del’, ‘if_req_merger’, ‘if_req_realloc’, ‘if_req_mod_id_realloc’, ‘if_req_mod_id’
and ‘if_req_nav’), depending on the kind of information transmitted; and

— NCBs use the Roman alphabet when reporting updates to the ECB.

2.

Id code checks

It will be checked that:

— the variable ‘if_id’ is comprised of two separate parts, a ‘host’ variable and an ‘id’ variable, and the values for the

two parts combined ensure that the ‘if_id’ is unique to that investment fund;

— the value for the variable ‘host’ for an IF is a two-character country EU ISO code;

— a previously used id code is not allocated to a new IF. If such an action is unavoidable, NCBs must send an ‘if_req-

_realloc’ request to the ECB;

— when reporting an id code change for an existing IF, a specific request ‘if_req_mod_id’ is used; and

— when reporting an id code change to a previously deleted id code, a specific request ‘if_req_mod_id_realloc’ is

used.

If the new IF id code has already been used and the request is not an if_req_mod_id_realloc (or the new IF id code is in
the current list), the ECB rejects the request.

If the variable ‘if_id’ is incomplete, incorrect or missing, the ECB rejects the entire request.

3. Name

It will be checked that:

— this variable specifies the IF’s name;

— the company name including its designation is consistently reported for all names where this is applicable;

— the lower case convention is followed to cater for accents; and

— lower case is used where applicable.

If the variable ‘name’ is missing, the ECB rejects the entire request.

4. Address

It will be checked that:

— at least one of the address variables ‘postal_address’, ‘postal_box’ or ‘postal_code’ is completed;

— the ‘postal_address’ variable indicates the street name and street number of the institution (or its management

company, as applicable);

— the ‘postal_box’ variable uses national box convention systems, and that no post office box text references is placed

in front of ‘postal_box’ numbers; and

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— the ‘postal_code’ variable uses national postal systems conventions and specifies the relevant post code.

If the set of ‘address’ variables is missing, the ECB rejects the entire request.

5.

City

It will be checked that:

— the variable ‘city’ specifies the city of location.

If the variable ‘city’ is missing, the ECB rejects the entire request.

6. Management company name

A management company is an institution which is responsible for the day-to-day management of the investment fund.
The management company may also provide the fund with investment research and portfolio management services. If
an investment fund has both a manager and an investment manager to whom the management services have been con-
tracted out, NCBs must provide details of the manager.

It will be checked that:

— the variable ‘management company name’ is completed either with a company name or as ‘not available’ or ‘not

applicable’; and

— if the variable ‘management company name’ is given as ‘not available’, an accompanying reason has also been pro-

vided in the ‘free_text’ field.

If the variable ‘management company name’ is missing, the ECB transmits a warning statement to the NCB in the
acknowledgement message.

7.

Investment policy

This variable specifies the type of asset in which the investment portfolio is primarily invested.

It will be checked that:

— the variable ‘investment policy’ is completed according to one of the seven pre-defined values: ‘bonds’, ‘equities’,

‘hedge’, ‘mixed’, ‘real estate’, ‘other’ or as ‘not available’.

If the variable ‘investment policy’ is incomplete, incorrect or missing, the ECB transmits a warning statement to the
NCB in the acknowledgement message.

8. Variability of capital

A fund may be established either as an ‘open-end’ or ‘closed-end’.

It will be checked that:

— the variable ‘variability of capital’ is completed either as ‘open-end’, ‘closed-end’ or ‘not available’.

If the variable ‘variability of capital’ is incomplete, incorrect or missing, the ECB transmits a warning statement to the
NCB in the acknowledgement message.

9.

Structure_1

It will be checked that:

— the variable ‘structure_1’ is completed either as ‘UCITS’ or ‘non-UCITS’ or ‘not available’; and

— if the variable ‘structure_1’ is given as ‘UCITS’, the variable ‘variability of capital’ has been given as ‘open-end’.

If the variable ‘structure_1’ is incomplete, incorrect or missing, the ECB transmits a warning statement to the NCB in
the acknowledgement message.

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10. Structure_2

It will be checked that:

— the variable ‘structure_2’ is completed with one of the following 11 predefined values: ‘UCITS unit trust’, ‘UCITS
variable capital corporation’, ‘UCITS unincorporated’, ‘unit trust’, ‘variable capital corporation’, ‘limited partner-
ship’, ‘investment trust’, ‘unincorporated investment trust’, ‘unincorporated’, ‘other’ or ‘not available’;

— if the variable ‘structure_1’ is given as ‘UCITS’, the variable ‘structure_2’ has been given as ‘UCITS unit trust’ or

‘UCITS variable capital corporation’ or ‘UCITS unincorporated’ or ‘other’ or ‘not available’, and

— if the variable ‘structure_1’ is given as ‘non-UCITS’, the variable ‘structure_2’ has been given as ‘unit trust’ or ‘vari-
able capital corporation’ or ‘limited partnership’ or ‘investment trust’ or ‘unincorporated investment trust’ or ‘unin-
corporated’ or ‘other’ or ‘not available’.

If the variable ‘structure_2’ is incomplete, incorrect or missing, the ECB transmits a warning statement to the NCB in
the acknowledgement message.

11. Sub-fund

It will be checked that:

— the variable ‘sub-fund’ is completed with one of the four predefined values: ‘yes’ or ‘no’ or ‘not available’ or ‘not

applicable’.

If the variable ‘sub-fund’ is incomplete, incorrect or missing, the ECB transmits a warning statement to the NCB in the
acknowledgement message.

12.

ISIN codes

It will be checked that:

— under the variable ‘ISIN codes’, at least the variable ‘ISIN_1’ is completed for each investment fund, and that the

value for ‘ISIN_1’ is either the actual code or the 12 characters term ‘XXXXXXXXXXXX’;

— all ISIN codes applicable to all share classes issued by the investment fund have been reported according to the

convention: ISIN_1, ISIN_2, ISIN_3 … ISIN_n.

If the variables ‘ISIN codes’ and ‘ISIN_1’ are missing, the ECB rejects the entire request.

13. NAV per investment fund

It will be checked that:

— when reporting the net asset value per investment fund, the variable ‘if_req_nav’ is given;

— the variable ‘if_req_nav’ is comprised of two parts: ‘if_nav_value’ and ‘if_nav_date’. If the actual values are not avail-

able, the term ‘not available’ is entered; and

— if a reason for ‘not available’ is used, accompanying information is also provided in the ‘free_text’ field.

If the variable ‘if_req_nav’ and its relevant parts are incomplete or missing, the ECB transmits a warning statement to
the NCB in the acknowledgement message.

14. Mergers checks

It will be checked that:

— when reporting domestic or cross-border mergers, the variable ‘if_req_merger’ is given;

— each group (i.e. two or more institutions) sharing the same ‘date’ of legal effect of merger activity is reported under

a separate ‘submerger’ tag;

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— when the variable ‘submerger’ is specified, a value for the variable ‘date’ is completed;

— at least one institution involved in a merger is an IF;

— when there is no change in the attributes of an IF as a result of merger activity, this IF is reported as a modification

(i.e. ‘if_req_mod’);

— the variable ‘involved_if’ is only reported in case of cross-border mergers;

— when an institution is specified as an ‘involved_if’, the variable ‘if_ref’ is completed;

— the variable ‘if_ref’ is comprised of two parts: ‘if_id’ itself composed of the variables ‘host’ and ‘id’ and ‘name’;

— when an institution is specified as an ‘involved_non_if’, the ‘non_if_id’ and ‘name’ are completed; and

— the ‘non_if_id’ of an ‘involved_non_if’ is comprised of two parts: ‘host’ and ‘id’. The ‘host’ is a two character ISO
country code. The ‘id’ should refer to either the appropriate sectoral classification of the ESA95 e.g. if the
‘involved_non-if’ is a Belgian financial auxiliary, the ‘host’ part must be reported as ‘BE’ and the ‘id’ part as ‘124’ or
if the IF has merged with an MFI, the ‘id’ must be the appropriate unique MFI identification code (excluding the
two-digit code referring to the country of residence which should be reported under the ‘host’ part).

If any of the above mergers validation checks are violated, the ECB rejects the entire request.

15. Confidentiality flag

NCBs may mark certain values as confidential with the confidentiality flag when reporting an update to an investment
fund to the ECB. In such cases, accompanying information on the reason for confidentiality should be provided in the
‘free_text’ field. The ECB does not publish such values on its website or disseminate them back to NCBs.

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GLOSSARY

Automated teller machine (ATM):
is an electromechanical device allowing authorised cardholders, typically using
machine-readable plastic cards, to withdraw cash from their accounts and/or access to other services, such as balance enqui-
ries, transfer of funds or acceptance of deposits. A device allowing only balance enquiries does not qualify as an ATM. The
following functions are reflected in the statistics: the ‘cash withdrawal function’ allowing authorised users to withdraw cash
from their accounts by using a card with a cash function; and the ‘credit transfer function’ allowing authorised users to make
credit transfers using a payment card.

ATM cash transaction:
a cash function.

is a cash withdrawal from or a cash deposit to an account, performed at an ATM, using a card with

Attributes: are statistical concepts that provide users with additional coded (e.g. the unit) and uncoded (e.g. the compila-
tion method) information about exchanged data. ‘Mandatory’ applies to attributes that must take a value, otherwise the obser-
vations they refer to are considered meaningless. ‘Conditional’ applies to attributes that are only defined if they are available
in the reporting institution (e.g. domestic series ids) or whenever they are relevant (e.g. compilation, breaks, etc.), and they
can take empty values.

Autonomous pension funds: are separate institutional units whose main activity is funding pensions. They are not insur-
ance companies.

Bond funds: are investment funds (IFs) primarily investing in securities other than shares. The criteria for classifying invest-
ment funds into bond funds are derived from the public prospectus, fund rules, instruments of incorporation, established
statutes or by-laws, subscription documents or investment contracts, marketing documents, or any other statement with
similar effect.

Branches: are unincorporated entities, without independent legal status, wholly owned by their parent.

Branch of a credit institution: means the place of business, other than the head office, which is located in the reporting
country and has been established by a credit institution legally incorporated in another country. All places of business set up
in the reporting country by the same institution legally incorporated in another country, constitute a single branch. Each of
these places of business is counted as an individual office (see Office).

Capital shares issued by limited liability companies: are securities which give the holders the status of joint owners and
entitle them to a share in the total distributed profits and in the net assets in the event of liquidation.

Card issuer:
is, in the case of four-party schemes, a credit institution (or more rarely, another undertaking) which is a mem-
ber of a card scheme and has a contractual relationship with a cardholder that results in the provision and use of a card from
that card scheme. In the case of three-party schemes (e.g. American Express, Diners Club International, etc.), the card issuer
is the card scheme itself.

Card payment, except with an e-money function:
debit function at a terminal or via other channels.

is a payment transaction using a card with a debit, credit or delayed

Cards: for the purposes of payments statistics are plastic devices that can be used by their holders either to pay for goods
and services or to withdraw money.

Card scheme:
it provides the organisational, legal and framework rules necessary for the services marketed by the brand to function.

is the technical and commercial arrangement set up to serve one or more particular card brands and which

Cash advance at POS terminals:
with a POS payment for goods or services.

is a transaction in which the cardholder receives cash at a POS terminal in combination

Central government: consists of administrative departments of the State and other central agencies whose competence
extends over the whole economic territory, except for the administration of social security funds (ESA 95, paragraph 2.71).

Central government holdings of instruments issued by euro area MFIs: are debt securities and money market fund
shares issued by euro area MFIs and held by a central government.

Cheque:
drawee to pay a specified sum on demand to the drawer or to a third party specified by the drawer.

is a written order from one party (the drawer) to another (the drawee; normally a credit institution) requiring the

Closed-end investment funds: are IFs with a fixed number of issued shares whose shareholders have to buy or sell exist-
ing shares to enter or leave the fund.

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Credits to the accounts by simple book entry: are credit transaction initiated by an MFI without a specific transaction
order and executed by simple book entry, i.e credit entry, on the account(s) of a customer, i.e. without the use of a tradi-
tional payment instrument.

Credit transfer:
is a payment instrument allowing the payer to instruct its account-holding institution to transfer funds to
the beneficiary. It is a payment order, or a sequence of payment orders, made for the purpose of placing funds at the dis-
posal of the beneficiary. Both the payment order and the funds described therein move from the credit institution of the
payer to the credit institution of the payee (beneficiary), potentially via several intermediary credit institutions and/or one or
more payment and settlement systems.

Cross-border transactions received: are transactions with payment instruments involving non-MFIs received from out-
side the reporting country, i.e. the party sending the transaction is located outside the reporting country.

Cross-border transactions sent: are transactions with payment instruments involving non-MFIs sent outside the report-
ing country, i.e. the party receiving the transactions is located outside the reporting country.

Currency in circulation: comprises notes and coins in circulation that are commonly used to make payments.

Currency of issuance:

is defined as the currency denomination of the security.

Debits from the account by simple book entry: are debit transactions initiated by an MFI without a specific transaction
order and executed by simple book entry, i.e debit entry, on the account(s) of a customer, i.e. without the use of a traditional
payment instrument.

Debt assumption:
is an operation that usually involves a central government replacing public corporations (part of the
other resident sectors) as the debtor in respect of loans originally granted by banks (the monetary financial institution (MFI)
sector). This financial operation can also take place between other institutional sectors.

i.e. securities other than shares excluding financial derivatives, consist of all financial assets which are
Debt securities:
bearer instruments, are usually negotiable and traded on secondary markets and do not grant the holder any ownership rights
to the institutional unit issuing them. This category covers financial assets which are typically represented by documents
intended for circulation and whose nominal value is determined on issue. It includes issues of bills, bonds, notes, debentures
and similar instruments normally traded in the financial markets. Instruments included in this category can be characterised
as providing the holder with the unconditional right to a fixed or contractually determined variable money income in the
form of coupon payments (interest) and/or a stated fixed sum on a specified date or dates or starting from a date fixed at the
time of issue. Private placements are covered as far as possible. Global bonds are included (ESA 95, paragraphs 5.50-5.55).
This corresponds to ESA 95 category F.33.

Deposits redeemable at notice: are non-transferable deposits, without any agreed maturity, that cannot be converted into
currency without a period of prior notice before the term of which conversion into cash is not possible or only possible
subject to a penalty. This includes deposits, although perhaps legally withdrawable on demand, that would be subject to pen-
alties and restrictions according to national practices (classified in the maturity band ‘up to and including three months’) and
investment accounts without a period of notice or agreed maturity, but which contain restrictive drawing provisions (clas-
sified in the maturity band ‘over three months’).

Deposits with agreed maturity: are non-transferable deposits that cannot be converted into currency before an agreed
fixed term or can be converted into currency before an agreed term, but the holder is then charged a penalty. Financial prod-
ucts with roll-over provisions must be classified according to their earliest maturity. Although deposits with an agreed matu-
rity may allow for earlier redemption after prior notification or may be redeemable on demand subject to penalties, these
features are not considered relevant for classification purposes.

Direct debits: are payment instruments authorising a debit on the payer’s bank account, which is initiated by the payee on
the basis of an authorisation given by the payer.

Dividend shares issued by limited liability companies: are securities, which according to the country and the circum-
stances in which they are created, have a variety of names such as founders’ shares, profits shares, dividends shares, etc. These
securities: (i) do not form part of the registered capital; (ii) do not give the holders the status of joint owners in the strict
sense, and (iii) do not entitle the holders to a proportion of any profits remaining after dividends are paid on the registered
capital and to a fraction of any surplus remaining on liquidation.

Electronic funds transfer at point of sale (EFTPOS) terminals: are POS terminals that capture payment information by
electronic means. They may be designed to transmit such payment information either online (with a real-time request for
authorisation) or offline.

E-money: means monetary value as represented by a claim on the issuer which is (i) stored on an electronic device; (ii) issued
on receipt of funds of an amount not less in value than the monetary value issued; (iii) accepted as means of payment by
undertakings other than the issuer. This definition follows the meaning of Directive 2000/46/EC of the European Parlia-
ment and of the Council of 18 September 2000 on the taking up, pursuit of and prudential supervision of the business of
electronic money institutions.

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E-money card-loading/card-unloading transaction:
e-money to a card with an e-money function and vice versa.

is a transaction allowing the transfer of e-money from an issuer of

E-money card terminals: allow the transfer of e-money from an issuer of e-money to a card with an e-money function
and vice versa (e-money card-loading/unloading terminal) or from the balance on a card to the balance of a beneficiary
(e-money card-accepting terminal).

E-money institution:
point 1 (a) of Directive 2006/48/EC, which issues means of payment in the form of electronic money.

is an undertaking or any other legal person, other than a credit institution as defined in Article 4,

E-money purchase transaction:
the balance of the beneficiary, either with an e-money card or with other e-money storage device.

is a transaction whereby the holder of e-money transfers e-money from their balance to

Equity funds: are investment funds primarily investing in shares and other equity. The criteria for classifying investment
funds into equity funds are derived from the public prospectus, fund rules, instruments of incorporation, established stat-
utes or by-laws, subscription documents or investment contracts, marketing documents, or any other statement with simi-
lar effect.

Euro banknotes and coins held by the central government: are banknotes and coins issued by the European Central
Bank, euro area national central banks and central governments, and are held by the central government.

Eurobonds: are bonds, placed simultaneously on the market of at least two countries and denominated in a currency which
need not be that of either, usually through an international syndicate of financial corporations from several countries.

Exceptional revision:

is a revision to data referring to periods prior to the previous reference period.

Financial auxiliaries: consist of all financial corporations and quasi-corporations that are principally engaged in auxiliary
financial activities (ESA 95, paragraphs 2.57-2.59).

Financial corporations engaged in lending (FCLs): classified as OFIs, are financial corporations principally specialised in
asset financing for households and non-financial corporations. Corporations specialising in financial leasing, factoring, mort-
gage lending and consumer lending are included in this category. These financial corporations may operate under the legal
form of a building society, municipal credit institution, financial vehicle corporation created to hold securitised assets, etc.

Financial derivatives: are financial assets based on or derived from a different underlying instrument. This underlying
instrument is usually another financial asset, but may also be a commodity or an index (ESA 95, paragraph 5.65).

Financial vehicle corporations (FVCs), also referred to as special purpose vehicles/entities or special financing insti-
tutions: are created to hold securitised assets (ESA 95, paragraph 2.55(f)).

Fixed rate issues:
include all issues where the coupon payment, based on the security principal coupon rate, does not
change during the life of the issue. Securities that are not issued at straight fixed or straight variable rates, i.e. mixed rate
issues, are also included (e.g. fixed then variable rate issues, variable then fixed rate issues, issues that do not have the same
coupon payment over the lifetime of the securities, step-up securities and step-down securities).

Flows, also referred to as (financial) transactions: are calculated by taking the difference between end-month stocks and
then removing those effects that do not arise from transactions. Non-transaction developments are removed by means of
flow adjustments.

Funds: mean cash, scriptural money and electronic money as referred to in Directive 2000/46/EC.

Funds of funds: are investment funds primarily investing in investment funds’ shares or units. The criteria for classifying
investment funds into funds of funds are derived from the public prospectus, fund rules, instruments of incorporation, estab-
lished statutes or by-laws, subscription documents or investment contracts, marketing documents, or any other statement
with similar effect. They are to be classified in the category of funds in which they primarily invest.

General government:
includes resident units, which are principally engaged in the production of non-market goods and
services intended for individual and collective consumption and/or in the redistribution of national income and wealth (ESA
95 paragraphs 2.68-2.70). General government includes the central government, state government, local government and
social security funds (ESA 95, paragraphs 2.71-2.74). For further guidance on the sectoral classification, please refer to the
Money and Banking Statistics Sector Manual: Guidance for the statistical classification of customers, European Central Bank, second
edition, November 1999.

General public funds: are funds whose units/shares are sold to the public.

Global bonds: are bonds that are issued simultaneously on the domestic and euro market.

Hardware-based e-money:
an integrated circuit card containing a microprocessor chip (e.g. prepaid cards).

includes e-money products that provide customers with a portable electronic device, typically

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Hedge funds: shall, for the purpose of this Guideline, mean any collective investment undertakings regardless of its legal
structure under national laws, which apply relatively unconstrained investment strategies to achieve positive absolute returns,
and whose managers, in addition to management fees, are remunerated in relation to the fund’s performance. For that pur-
pose, hedge funds have few restrictions on the type of financial instruments in which they may invest and may therefore
flexibly employ a wide variety of financial techniques, involving leverage, short-selling or any other techniques. This defi-
nition also covers funds that invest, in full or in part, in other hedge funds provided that they otherwise meet the definition.
These criteria to identify hedge funds must be assessed against the public prospectus as well as fund rules, statutes or by-laws,
subscription documents or investment contracts, marketing documents or any other statement with similar effect of the
fund.

Households: comprise individuals or groups of individuals as consumers and producers of goods and non-financial ser-
vices exclusively for their own final consumption, and as producers of market goods and non-financial and financial ser-
vices provided that their activities are not those of quasi-corporations. Included are non-profit institutions which serve
households and which are principally engaged in the production of non-market goods and services intended for particular
groups of households (ESA 95, paragraphs 2.75-2.88).

Insurance companies: are defined as undertakings that have received official authorisation in accordance with Article 6 of
First Council Directive 73/239/EEC of 24 July 1973 on the coordination of laws, regulations and administrative provisions
relating to the taking-up and pursuit of the business of direct insurance other than life assurance or Article 6 of First Council
Directive 79/267/EEC of 5 March 1979 on the coordination of laws, regulations and administrative provisions relating to
the taking up and pursuit of the business of direct life assurance. The reinsurance business is excluded.

Insurance corporations and pension funds: comprise non-monetary financial corporations and quasi-corporations prin-
cipally engaged in financial intermediation as a consequence of the pooling of risks (ESA 95, paragraphs 2.60-2.67).

Interbank funds transfer systems (IFTS): are formal arrangements, based on private contract or statutory law, with mul-
tiple membership, common rules and standardised arrangements for the transmission and settlement of money obligations
arising between members, in which most or all direct participants are credit institutions and which is used primarily to pro-
cess cashless payments.

International institutions: comprise supranational and international organisations, such as the European Investment Bank,
the IMF and the World Bank.

Internet/PC-linked overnight deposits: are overnight deposit accounts held by non-MFIs that the account holder can
access and use electronically via the internet or with PC banking applications via dedicated software and dedicated telecom-
munication lines (e.g. in order to make credit transfers and pay bills). They often require an extension of the contract, between
the account holder and their MFI, to include such services and may also require that the MFI provide the account holder
with electronic identifiers (PINs, TANs, etc.).

Intraday borrowing from the central bank:
and reimbursed within a period of less than one business day.

is the total value of credit extended by the central bank to credit institutions

Investment funds: are defined by the first indent of Article 1 of Regulation ECB/2007/8.

Issuers of securities: are those corporations and quasi-corporations engaged in issuing securities and incurring a legal obli-
gation to the bearers of these instruments in accordance with the terms of the issue.

Issue of bonus shares:

is the remittance of new shares to shareholders in proportion to their existing holdings.

is defined for statistical purposes as financial leasing when the leasing period covers all or most of the economic
Leasing:
lifetime of the durable good. At the end of the leasing period, the lessee often has the option to buy the good at a nominal
price (ESA 95, Annex II).

Loans: are funds lent by reporting agents to borrowers that are not evidenced by documents or are represented by a single
document (even if it has become negotiable).

Loan transfer:
is an operation similar to a securitisation in which MFIs sell loans to investors in a process that does not
involve the issue of securities. The economic purpose of this operation and its statistical treatment is, however, in certain
respects similar to a securitisation.

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Long-term debt securities: comprise all issues of debt securities with a long-term original maturity of more than one year;
long-term securities are generally issued with coupons (see ESA 95 paragraphs 5.60-5.64). This corresponds to the ESA 95
category F.332.

M-payment:
payment.

is a payment whereby a mobile phone is used to issue the payment order and possibly transfer the means of

Means of payments, also referred to as settlement media: are assets or claims on assets that are accepted by the payee
as discharging a payment obligation of the payer vis-à-vis the payee.

Merchant:
is a professional, or body representing a group of professionals, authorised to receive funds in exchange for the
delivery of goods or services and has established an agreement with a credit institution for accepting such funds (means of
payment). A merchant may operate a server (merchant’s server), which may enable a customer to choose a means of pay-
ment and which stores the transaction for ultimate compensation.

Mixed funds: are investment funds investing in both equity and bonds with no prevalent policy in favour of one or the
other instrument. The criteria for classifying investment funds into mixed funds are derived from the public prospectus, fund
rules, instruments of incorporation, established statutes or by-laws, subscription documents or investment contracts, mar-
keting documents, or any other statement with similar effect.

Monetary financial institutions (MFIs) other than central banks: are defined by Article 2(1) of Regulation ECB/2001/13
of 22 November 2001 concerning the consolidated balance sheet of the monetary financial institutions sector.

Money Market Funds (MMFs): are defined in Annex I, Part 1 (I.6), of Regulation ECB/2001/13 of 22 November 2001
concerning the consolidated balance sheet of the monetary financial institutions.

Money-holding sector:

includes all non-MFI residents in the euro area, excluding the central government sector.

Money order:
is an instrument, often used by persons who do not have a current account with a financial institution, which
is used to remit money to a named payee, to pay bills, or to transfer money to another person or company. Postal orders are
money orders in which the drawee is a postal institution.

Net asset value (NAV): of an investment fund is the value of its assets minus its liabilities, excluding investment fund shares.

Non-financial corporations: comprise corporations and quasi-corporations that are primarily engaged in the production
of market goods and non-financial services, but are not engaged in financial intermediation (ESA 95, paragraphs 2.21-2.31).

Non-monetary financial institutions (non-MFIs): are defined in Annex I, Part 3, of Regulation ECB/2001/13 of
22 November 2001 concerning the consolidated balance sheet of the monetary financial institutions.

Non-resident issuers: comprise units that are: (i) located in the economic territory of the reporting country, but which do
not and do not intend to engage in economic activities or transactions for a period of one year or more in the territory of
the reporting country; or (ii) located outside the economic territory of the reporting country.

Notional resident units: are (i) non-resident units which have a centre of economic interest on the economic territory of
the country or (ii) non-resident units in their capacity as owners of land or buildings on the economic territory of the coun-
try, but only in respect of transactions affecting such land or buildings (ESA 95 paragraph 2.15).

Office:
is a place of business that forms a legally dependent part of (i) a credit institution or a non-EEA-based bank, (ii) a
central bank, or (iii) another institution offering payment services to non-MFIs, and directly carries out some or all of the
transactions inherent to the credit institutions business.

Open-end investment funds: are investment funds the units or shares of which are, at the request of the holders, repur-
chased or redeemed directly or indirectly out of the undertaking’s assets.

Ordinary revision:

is the revision of data referring to the period preceding the current one.

Other categories of OFIs:
is a residual category composed of financial corporations that do not specialise in any of the
areas of activity that apply to the other three OFI categories (investment funds, securities and derivatives dealers and finan-
cial corporations engaged in lending). For example, financial holding corporations, venture capital companies and develop-
ment capital companies are included in this category.

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Other deposits: are all holdings in deposits other than transferable deposits. Other deposits cannot be used to make pay-
ments at any time and are only convertible into currency or transferable deposits subject to a significant restriction or pen-
alty. This subcategory includes time deposits, savings deposits, etc. (ESA 95, paragraphs 5.45-5.49).

Other equity: comprises all transactions in other equity that are not covered by quoted and unquoted shares (ESA 95,
paragraphs 5.94-5.95).

Other financial intermediaries (OFIs): are non-monetary financial corporations and quasi-corporations (excluding insur-
ance corporations and pension funds) principally engaged in financial intermediation by incurring liabilities in forms other
than currency, deposits and/or close substitutes for deposits from institutional units other than MFIs (ESA 95,
paragraphs 2.53-2.56).

Other funds: are investment funds other than bond funds, equity funds, mixed funds, real estate funds or hedge funds.

Overnight deposits: are deposits that are convertible into currency and/or are transferable on demand by cheque, banker’s
order, debit entry or similar means, without significant delay, restriction or penalty. Balances representing prepaid amounts
in the context of e-money, either in the form of hardware-based e-money (e.g. prepaid cards) or software-based e-money
issued by MFIs, are included. Non-transferable deposits, which are technically withdrawable on demand but which are sub-
ject to significant penalties, are excluded.

Over-the-counter (OTC) cash transaction:
is a cash deposit to or cash withdrawal from an account at a bank using a
bank form. These transactions do not represent payments in the strict sense since they comprise only a change from the
central bank money to the bank account money or vice versa.

Participant:
transfer orders to/from the system, either directly or indirectly.

is an entity identified/recognised by the transfer system and which is allowed to send/and capable of receiving

Payment instrument:

is a tool or a set of procedures enabling the transfer of funds from the payer to the payee.

Payment order:
ment transaction.

is any instruction by a payer or payee to his payment service provider requesting the execution of a pay-

Payment service:
is a business activity consisting in the execution of payment transactions on behalf of a natural or legal
person, where at least one of the payment service providers is located in the European Community. For the purposes of pay-
ments statistics, a payment service is understood as the acceptance by an entity (e.g. a credit institution) of a payment trans-
action for further execution (which may be the task of another entity) by way of cashless clearing and/or settlement. Payment
service is not linked to providing technical infrastructure (e.g. telecommunication or payment terminals installed at retailers)
or to providing the settlement (e.g. payment system).

Payment service provider:
sion of payment services to payment service users.

is a natural or legal person whose regular occupation or business activity includes the provi-

Payment service user:
is a natural or legal person that makes use of a payment service as payer and/or payee. The payer
is the party in a payment transaction issuing the payment order or agreeing to the transfer of funds to a payee. The payee or
beneficiary is a natural or legal person that is the intended final recipient of funds, which are the subject of a payment
transaction.

Payment transaction:
is an act, initiated by the payer or payee, of depositing, withdrawing or transferring funds from a
payer to a payee, irrespective of any underlying obligations between payment service users. See also funds and means of
payment.

Point of sale (POS) terminals: are devices allowing the use of payment cards at a physical rather than virtual point of sale.
A point of sale (POS) means the provision of goods and services at attended or unattended terminals.

POS transaction:
function.

is a transaction performed through a POS terminal using a card with a debit, credit or delayed debit

Private placements: refer to the sale of an issue of equity securities to a single buyer or to a limited number of buyers with-
out a public offering.

Privately issued bonds: are bonds restricted by bilateral agreement to certain investors, if the bonds are at least potentially
transferable.

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Quoted shares, also referred to as listed shares, excluding investment fund’s shares/units: are all shares with prices
quoted on a recognised stock exchange or other form of regulated market (ESA 95, paragraphs 5.88-5.93). Quoted shares
are valued and reported at market values. This corresponds to the ESA 95 category F.511.

Real estate funds: are investment funds primarily investing in real estate. The criteria for classifying investment funds into
real estate funds are derived from the public prospectus, fund rules, instruments of incorporation, established statutes or
by-laws, subscription documents or investment contracts, marketing documents, or any other statement with similar effect.

Redeemed shares in limited liability companies: are shares whose capital has been repaid but which are retained by the
holders who continue to be joint owners and to be entitled to a share in the profits left after dividends have been paid on the
remaining registered capital and also to a share in any surplus which may be left on liquidation.

Residency of issuer: the issuing unit is defined as a resident of the reporting country when it has a centre of economic
interest in the economic territory of the reporting country, that is, when it engages for an extended period (one year or more)
in economic activities in this territory (ESA 95, paragraph 1.30).

Securitisation:
is a process whereby finance can be raised from external investors by enabling them to invest in parcels of
specific financial assets. This operation consists of the MFI either selling loans to an intermediary and the subsequent or
simultaneous issue of securities by that intermediary backed by the loans, or acquiring securities issued by the debtor as a
replacement for a loan (without involving any intermediary). Both types of operations give rise to the same result in the MFI
balance sheet.

Security and derivative dealers (SDDs): classified as OFIs, are financial corporations principally engaged in the follow-
ing financial intermediation activities: (i) trading of securities on their own account, through the acquisition and sale of those
securities for the account and risk of an intermediary, for the exclusive purpose of benefiting from the margin between the
acquisition and selling price; and (ii) trading on their own account, through a financial intermediary authorised to operate
on the stock market, or on other organised markets.

Settlement media, also referred to as means of payment: means assets or claims on assets, which are used for payments.

Shares: (quoted and unquoted) comprise all financial assets, which represent property rights on corporations or quasi-
corporations. These financial assets generally entitle the holders to a share in the profits of the corporations or quasi-
corporations and to a share in their net assets in the event of liquidation.

Shares and other equity, excluding investment fund shares: refer to securities holdings, which represent property rights
in corporations or quasi-corporations. These securities generally entitle the holders to a share in the profits of corporations
or quasi-corporations and to a share in their own funds in the event of liquidation.

Short-term debt securities: consist of all issues of debt securities with a short-term original maturity of one year or less;
short-term securities are generally issued at a discount. This sub-position does not include securities whose negotiability,
while theoretically possible, is very restricted in practice (ESA 95, paragraphs 5.56-5.59). This corresponds to the ESA 95
category F.331.

Social security funds: are defined as central, state and local institutional units whose principal activity is to provide social
benefits (ESA 95, paragraph 2.74).

Software-based e-money: refers to e-money products that use specialised software on a personal computer and can typi-
cally be used to transfer the electronic value via telecommunication networks such as the Internet.

Special investors funds: are funds where the units/shares are reserved for certain types of investors.

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Split share issues: are issues of shares where the corporation or quasi-corporation increases the number of shares by a ratio
or multiple.

State and local government: state government comprises separate institutional units exercising some governmental func-
tions at a level below that of the central government and above that of the local government, except for the administration
of social security funds. Local government comprises public administration whose competence extend only to a local part
of the economic territory of the reporting country, excluding local agencies of social security funds (ESA 95, paragraphs 2.72
and 2.73).

Sub-funds: specify a separate class or designation of unit within a fund which invests in a separate pool or portfolio of
investments. A ‘sub-fund’ is also known as a ‘compartment’. Each sub-fund constitutes an autonomous and specialised estab-
lishment. Specialisation may relate to a particular financial instrument or a given market.

Subordinated bonds, often referred to as subordinated debt: provide a subsidiary claim on the issuing institution that
can only be exercised after all claims with a higher status (e.g. deposits/loans or senior debt securities) have been satisfied,
which in some instances may give them some of the characteristics of ‘shares and other equity’.

Subsidiaries: are separate incorporated entities in which another entity has a majority or full participation.

Terminals: are electromechanical devices allowing authorised users to access a range of services. Users access the services
at the terminal with a card that has one or more of the following functions: cash, debit, delayed debit, credit and e-money.
Terminals are physical access points and can be attended terminals (requiring the involvement of a terminal operator or cash-
ier) or unattended terminals (designed to be used by the cardholder in self-service mode).

Transferable deposits: are deposits (in national or foreign currency), immediately convertible into currency or transfer-
able by cheque, banker’s order, debit entry or the like, without any kind of significant restriction or penalty (ESA 95,
paragraphs 5.42-5.44).

Unquoted shares, excluding investment fund shares: are shares that are not quoted (ESA 95, paragraphs 5.88-5.93).

Variable rate issues:
to an independent interest rate or index.

include all coupon paying issues where the coupon or principal is periodically re-fixed by reference

Zero coupon bonds:
include all issues without coupon payment. Usually such bonds are issued at a discount and redeemed
at par. They also include bonds issued at par and redeemed at a premium, for example bonds with the redemption value
linked to an exchange rate or an index. Most of the discount or premium represents the equivalent of the interest accrued
during the life of the bond.