Guideline of the European Central Bank of 4 December 2009 amending Guideline ECB/2007/9 on monetary, financial institutions and markets statistics (ECB/2009/23)
Date: 2009-12-04
Institutions: European Central Bank
Subjects: European Central Bank, capital market, central bank, disclosure of information, financial institution, financial statistics, statistical method




L_2010016EN.01000601.xml










21.1.2010   


EN


Official Journal of the European Union


L 16/6








            GUIDELINE OF THE EUROPEAN CENTRAL BANK
         
of 4 December 2009
         
amending Guideline ECB/2007/9 on monetary, financial institutions and markets statistics
(ECB/2009/23)
(2010/34/EU)


THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,

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


Having regard to Regulation (EC) No 63/2002 of the European Central Bank of 20 December 2001 concerning statistics on interest rates applied by monetary financial institutions to deposits and loans vis-à-vis households and non-financial corporations (ECB/2001/18) (1),


Having regard to Regulation (EC) No 24/2009 of the European Central Bank of 19 December 2008 concerning statistics on the assets and liabilities of financial vehicle corporations engaged in securitisation transactions (ECB/2008/30) (2),


Having regard to Regulation (EC) No 25/2009 of the European Central Bank of 19 December 2008 concerning the balance sheet of the monetary financial institutions sector (ECB/2008/32) (3),

Whereas:







(1)


Guideline ECB/2007/9 of 1 August 2007 on monetary, financial institutions and markets statistics (4) should be aligned with the recast Regulation (EC) No 25/2009 (ECB/2008/32) and Regulation (EC) No 290/2009 of the European Central Bank of 31 March 2009 amending Regulation (EC) No 63/2002 (ECB/2001/18) concerning statistics on interest rates applied by monetary financial institutions to deposits and loans vis-à-vis households and non-financial corporations (ECB/2009/7) (5).












(2)


New standards are required for the grossing-up of data on money market funds (MMFs) and for the selection of the most representative reference reporting population.












(3)


The new MMF balance sheet should be an aggregated balance sheet consistent with that resulting from Regulation (EC) No 958/2007 of the European Central Bank of 27 July 2007 concerning statistics on the assets and liabilities of investment funds (ECB/2007/8) (6). The reporting burden can be reduced by making the compilation of credit institutions (CIs) and MMFs balance sheets more efficient, i.e. by producing the CI balance sheet as the difference between the other monetary financial institutions (MFI) data and the MMF data.












(4)


Due to the enhanced requirements for reporting information on securitisation and other transfers of MFI loans granted to non-MFIs introduced by Regulation (EC) No 25/2009 (ECB/2008/32), the reporting of statistics in these areas is no longer necessary.












(5)


National central banks have started to report investment funds statistics in the context of other financial intermediaries’ statistics under Article 18 of Guideline ECB/2007/9, meaning that the transitional regime under Article 14(6) is no longer required.












(6)


New reporting requirements for loans granted by euro area MFIs to non-financial corporations broken down by branch of activity are necessary to enhance the economic and monetary analysis of credit developments.












(7)


The names of payment systems are subject to frequent changes and therefore the list of names in Part 13 of Annex III to Guideline ECB/2007/9 should be deleted,





HAS ADOPTED THIS GUIDELINE:



Article 1
Guideline ECB/2007/9 is amended as follows:






1.


Article 1(3) is replaced by the following:











2.


Article 3(1)(a) is replaced by the following:

(*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.’
                                    "
                        










3.


Article 3(4) is replaced by the following:











4.


Article 10 is replaced by the following:

‘Article 10
Money market funds balance sheet statistics
1.   
Scope of reporting


2.   
Reporting frequency and deadline


Data shall be reported quarterly within 28 working days from the end of the reference period.
3.   
Grossing-up


The data reported in respect of the MMFs’ balance sheet shall cover 100 % of the institutions classified in this sector. Where the actual reporting coverage is less than 100 % due to the application of the cutting-off-the-tail, NCBs shall gross up the data supplied in accordance with Article 3(4)(b) to ensure 100 % coverage.
4.   
Revision policy


NCBs which were reporting credit institutions balance sheets for periods prior to end-December 2008 shall transmit revisions to MMF data in accordance with Tables 1 and 2 in Part 7 of Annex III. Any revisions to MMF data shall be consistent with the corresponding end of quarter other MFI data.
In the event that transmission of new or revised MMF data implies changes to the data for the corresponding other MFI reference period, required revisions for other MFI data shall also be transmitted.’











5.


Article 13 is deleted.










6.


The title of Article 14 is replaced by the following:
‘Other financial intermediaries’ statistics (except investment funds and financial vehicle corporations)’.










7.


Article 14(1) is replaced by the following:











8.


Article 14(6) is deleted.










9.


Article 16(1) is replaced by the following:











10.


Article 17(2), (3) and (4) are replaced by the following:











11.


Article 18(10) is replaced by the following:











12.


The following Article 18b is inserted:

‘Article 18b
Statistics on MFI loans to non-financial corporations by branch of activity
1.   
Scope of reporting


NCBs shall report to the ECB, where available, data on MFI loans to domestic non-financial corporations, and MFI loans to other participating Member States’ non-financial corporations broken down by branch of activity following the statistical classification of economic activities in the European Community — NACE Rev.2, in accordance with Part 16 of Annex III.
2.   
Reporting frequency and deadline


NCBs shall report to the ECB the data at biannual frequency, by the end of March and the end of September with reference to the two preceding quarters.
3.   
Revision policy


NCBs shall report revisions in accordance with the following principles:






(a)


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










(b)


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




4.   
Explanatory notes


The NCBs shall report to the ECB any significant changes in the national definitions and classifications used and shall submit explanatory notes explaining the reasons for significant revisions, where applicable. In addition, NCBs shall provide information on major reclassifications in the MFI sector and, if available, major reclassifications of non-financial corporations in the NACE Rev.2 breakdowns transmitted.’











13.


Article 19(1) is replaced by the following:











14.


Article 20(1) is replaced by the following:











15.


Article 24 is replaced by the following:

‘Article 24
Publication
NCBs shall not publish national contributions to the monthly euro area monetary aggregates and their counterparts until the ECB has published these aggregates. Where NCBs publish such data, they shall be the same as data that contributed to the last published euro area aggregates. Where NCBs reproduce euro area aggregates published by the ECB, they shall reproduce them faithfully.’











16.


Annexes III to VIII are amended in accordance with the Annex to this Guideline.










17.


In the Glossary, the following definition is inserted:

                              ‘
                              Branch of activity is an economic activity included in the statistical classification of economic activities in the European Community — NACE Rev.2 (*2).

(*2)  As set out in Annex I to Regulation (EC) No 1893/2006 of the European Parliament and of the Council of 20 December 2006 establishing the statistical classification of economic activities NACE Revision 2 and amending Council Regulation (EEC) No 3037/90 as well as certain EC Regulations on specific statistical domains (OJ L 393, 30.12.2006, p. 1).’
                                 "
                        






Article 2

Entry into force

This Guideline shall enter into force on the 20th day following its publication in the Official Journal of the European Union.
It shall apply from 1 July 2010.


Article 3

Addressees

This Guideline applies to all Eurosystem central banks.




Done at Frankfurt am Main, 4 December 2009.


For the Governing Council of the ECB


The President of the ECB

Jean-Claude TRICHET
            





(1)  
            OJ L 10, 12.1.2002, p. 24.

(2)  
            OJ L 15, 20.1.2009, p. 1.

(3)  
            OJ L 15, 20.1.2009, p. 14.

(4)  
            OJ L 341, 27.12.2007, p. 1.

(5)  
            OJ L 94, 8.4.2009, p. 75.

(6)  
            OJ L 211, 11.8.2007, p. 8.




ANNEX

1.   
Annex III is amended as follows:






(a)


In Part 1, Tables 1 and 2 are replaced and Tables 3a and 3b are added as follows:
‘TABLE 1

Items for which monthly flow adjustments are required
 (*1)


































BALANCE SHEET ITEMS








A.


Domestic












B.


Other participating Member States












C.


Rest of the world












D.


Not allocated








MFIs


Non-MFIs


MFIs


Non-MFIs


Total


Banks


Non-banks




 


Credit institutions


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


General government (S.13)


Other resident sectors


 


Credit institutions


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


General government (S.13)


Other resident sectors




Central Government (S.1311)


Other general government


Total


Other financial intermediaries + financial auxiliaries (S.123 + S.124)


Insurance corporations and pension funds (S.125)


Non-financial corporations (S.11)


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


Central government (S.1311)


Other general government


Total


Other financial intermediaries + financial auxiliaries (S.123 + S.124)


Insurance corporations and pension funds (S.125)


Non-financial corporations (S.11)


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




 


of which: CCP (1)



of which: FVCs


 


of which: CCP (1)



of which: FVCs




LIABILITIES











8


Currency in circulation






 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


1










9


Deposits






2


 


 


3


 


 


 


 


4


 


 


 


5


 


 


6


 


 


 


 


7


 


 


 


8


 


 


 




up to 1 year


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


9


 


 


 




over 1 year


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


10


 


 


 




of which transferable deposits


 


11


 


12


13


 


 


 


 


 


 


 


14


 


15


16


 


 


 


 


 


 


 


17


18


 




of which up to 2 years


 


 


 


 


 


 


 


 


19


 


 


 


 


 


 


 


 


 


 


 


20


 


 


 


 


 


 


 




of which syndicated loans


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


21










9e


Euro






22


 


 


 


 


 


 


 


 


 


 


 


23


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 










9.1e


Overnight






 


 


 


 


24


25


26


 


 


27


28


29


 


 


 


 


30


31


32


 


 


33


34


35


 


 


 


 




of which transferable deposits


 


36


 


 


 


 


 


 


 


 


 


 


 


37


 


 


 


 


 


 


 


 


 


 


 


38


 


 










9.2e


With agreed maturit






 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




up to 1 year


 


 


 


 


39


40


41


 


 


42


43


44


 


 


 


 


45


46


47


 


 


48


49


50


 


 


 


 




over 1 and up to 2 years


 


 


 


 


51


52


53


 


 


54


55


56


 


 


 


 


57


58


59


 


 


60


61


62


 


 


 


 




over 2 years


63


 


 


64


65


66


67


 


 


68


69


70


71


 


 


72


73


74


75


 


 


76


77


79


79


 


 


 










9.3e


Redeemable at notice






 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




up to 3 months


 


 


 


 


80


81


82


 


 


83


84


85


 


 


 


 


86


87


88


 


 


89


90


91


 


 


 


 




over 3 months


 


 


 


 


92


93


94


 


 


95


96


97


 


 


 


 


98


99


100


 


 


101


102


103


 


 


 


 




of which over 2 years


104


 


 


105


106


107


 


 


 


 


 


 


108


 


 


109


110


111


 


 


 


 


 


 


112


 


 


 










9.4e


Repos






113


 


 


114


115


116


117


118


 


119


120


121


122


 


 


123


124


125


126


127


 


128


129


130


131


 


 


 










9x


Foreign currencies






 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 










9.1x


Overnight






 


 


 


 


132


133


134


 


 


135


136


137


 


 


 


 


138


139


140


 


 


141


142


143


 


 


 


 










9.2x


With agreed maturity






 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




up to 1 year


 


 


 


 


144


145


146


 


 


147


148


149


 


 


 


 


150


151


152


 


 


153


154


155


 


 


 


 




over 1 and up to 2 years


 


 


 


 


156


157


158


 


 


159


160


161


 


 


 


 


162


163


164


 


 


165


166


167


 


 


 


 




over 2 years


168


 


 


169


170


171


172


 


 


173


174


175


176


 


 


177


178


179


180


 


 


181


182


183


184


 


 


 










9.3x


Redeemable at notice






 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




up to 3 months


 


 


 


 


185


186


187


 


 


188


189


190


 


 


 


 


191


192


193


 


 


194


195


196


 


 


 


 




over 3 months


 


 


 


 


197


198


199


 


 


200


201


202


 


 


 


 


203


204


205


 


 


206


207


208


 


 


 


 




of which over 2 years


209


 


 


210


211


212


 


 


 


 


 


 


213


 


 


214


215


216


 


 


 


 


 


 


217


 


 


 










9.4x


Repos






218


 


 


219


220


221


222


223


 


224


225


226


227


 


 


228


229


230


231


232


 


233


234


235


236


 


 


 










10


MMFs shares/units






 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


237










11


Debt securities issued






 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 










11e


Euro






 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




up to 1 year


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


# 238




over 1 and up to 2 years


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


# 239




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


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


# 240




over 2 years


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


# 241










11x


Foreign currencies






 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




up to 1 year


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


# 242




over 1 and up to 2 years


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


# 243




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


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


# 244




over 2 year


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


# 245










12


Capital and reserves






 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


# 246










13


Remaining liabilities






 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


# 247








































BALANCE SHEET ITEMS








A.


Domestic












B.


Other participating Member States












C.


Rest of the world












D.


Not allocated








MFIs


Non-MFIs


MFIs


Non-MFIs




General government (S.13)


Other resident sectors


General government (S.13)


Other resident sectors




Total


Other financial intermediaries + financial auxiliaries (S.123 + S.124)


Insurance corporations and pension funds (S.125)


Non-financial corporations (S.11)


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


Total


Other financial intermediaries + financial auxiliaries (S.123 + S.124)


Insurance corporations and pension funds (S.125)


Non-financial corporations (S.11)


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




 


of which: CCP (1)



of which: FVCs


Total


Credit for consumption


Lending for house purchase


Other lending


 


of which: CCP (1)



of which: FVCs


Total


Credit for consumption


Lending for house purchase


Other lending




 


of which: SP/UP (2)



 


of which: SP/UP (2)





ASSETS


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 










1.


Cash






 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


248










1e


of which euro






 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


249










2.


Loans






# 250


# 251


# 252


 


 


 


 


 


 


 


 


 


 


# 253


# 254


# 255


 


 


 


 


 


 


 


 


 


 


# 256


 




up to 1 year


 


 


 


# 257


 


 


# 258


# 259


 


# 260


# 261


# 262


# 263


 


 


 


# 264


 


 


# 265


# 266


 


# 267


# 268


# 269


# 270


# 271


 




over 1 year and up to 5 years


 


 


 


# 272


 


 


# 273


# 274


 


# 275


# 276


# 277


# 278


 


 


 


# 279


 


 


# 280


# 281


 


# 282


# 283


# 284


# 285


# 286


 




over 5 years


 


 


 


# 287


 


 


# 288


# 289


 


# 290


# 291


# 292


# 293


 


 


 


# 294


 


 


# 295


# 296


 


# 297


# 298


# 299


# 300


 




of which syndicated loans


# 301


# 302


# 303


 


 


 


 


# 304


 


 


 


 


 


# 305


# 306


# 307


 


 


 


 


# 308


 


 


 


 


 


 


 




of which repos


 


 


 


 


309


 


 


 


 


 


 


 


 


 


 


 


 


310


 


 


 


 


 


 


 


 


 


 










2e


of which euro






 


# 311


# 312


# 313


 


 


# 314


# 315


# 316


 


 


 


 


 


# 317


# 318


# 319


 


 


# 320


# 321


# 322


 


 


 


 


 


 










—


of which revolving loans and overdrafts






 


 


 


 


 


 


 


# 323


# 324


 


 


 


 


 


 


 


 


 


 


 


# 325


# 326


 


 


 


 


 


 










—


of which convenience credit card credit






 


 


 


 


 


 


 


# 327


# 328


 


 


 


 


 


 


 


 


 


 


 


# 329


# 330


 


 


 


 


 


 










—


of which extended credit card credit






 


 


 


 


 


 


 


# 331


# 332


 


 


 


 


 


 


 


 


 


 


 


# 333


# 334


 


 


 


 


 


 










3.


Securities other than shares






 


 


 


 


 


# 335


 


 


 


 


 


 


 


 


 


 


 


 


# 336


 


 


 


 


 


 


 


# 337


 










3e


Euro






 


# 338


# 339


 


 


 


 


 


 


 


 


 


 


 


# 340


# 341


 


 


 


 


 


 


 


 


 


 


 


 




up to 1 year


# 342


 


 


 


 


 


 


 


 


 


 


 


 


# 343


 


 


 


 


 


 


 


 


 


 


 


 


 


 




over 1 and up to 2 years


# 344


 


 


 


 


 


 


 


 


 


 


 


 


# 345


 


 


 


 


 


 


 


 


 


 


 


 


 


 




over 2 years


# 346


 


 


 


 


 


 


 


 


 


 


 


 


# 347


 


 


 


 


 


 


 


 


 


 


 


 


 


 










3x


Foreign currencies






 


# 349


# 350


 


 


 


 


 


 


 


 


 


 


 


# 352


# 353


 


 


 


 


 


 


 


 


 


 


 


 




up to 1 year


# 354


 


 


 


 


 


 


 


 


 


 


 


 


# 355


 


 


 


 


 


 


 


 


 


 


 


 


 


 




over 1 and up to 2 years


# 356


 


 


 


 


 


 


 


 


 


 


 


 


# 357


 


 


 


 


 


 


 


 


 


 


 


 


 


 




over 2 years


# 358


 


 


 


 


 


 


 


 


 


 


 


 


# 359


 


 


 


 


 


 


 


 


 


 


 


 


 


 










4.


MMF shares/units






360


 


 


 


 


 


 


 


 


 


 


 


 


361


 


 


 


 


 


 


 


 


 


 


 


 


362


 










5.


Shares and other equity






# 363


 


# 364


 


 


 


 


 


 


 


 


 


 


# 365


 


# 366


 


 


 


 


 


 


 


 


 


 


# 367


 










6.


Fixed assets






 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


# 368










7.


Remaining assets






 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


# 369







TABLE 2

Items for which quarterly flow adjustment are required
 (*1)














































BALANCE SHEET ITEMS








A.


Domestic












B.


Other participating Member States












C.


Rest of the world








Non-MFIs


Non-MFIs


Total




General government (S.13)


Other resident sectors


General government (S.13)


Other resident sectors


 


Banks


Non-banks




Total


Central government (S.1311)


Other general government


Total


Other financial intermediaries + financial auxiliaries (S.123 + S.124)


Insurance corporations and pension funds (S.125)


Non-financial corporations (S.11)


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


Total


Central government (S.1311)


Other general government


Total


Other financial intermediaries + financial auxiliaries (S.123 + S.124)


Insurance corporations and pension funds (S.125)


Non-financial corporations (S.11)


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


General government


Other resident sectors




Total


State government (S.1312)


Local government (S.1313)


Social security funds (S.1314)


 


Credit for consumption


Lending for house purchase


Other lending


Total


State government (S.1312)


Local government (S.1313)


Social security funds (S.1314)


 


Credit for consumption


Lending for house purchase


Other lending




 


Real estate collateral


Total


 


Real estate collateral


 


Real estate collateral


 


Real estate collateral


 


Real estate collateral


Total


 


Real estate collateral


 


Real estate collateral


 


Real estate collateral




LIABILITIES











8.


Currency in circulation






 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 










9.


Deposits






 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


370


371


372










9.1.


Overnight






 


 


 


373


374


375


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


376


377


378


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 










9.2.


With agreed maturity






 


 


 


379


380


381


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


382


383


384


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 










9.3.


Redeemable at notice






 


 


 


385


386


387


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


388


389


390


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 










9.4.


Repos






 


 


 


391


392


393


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


394


395


396


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 










10.


MMFs shares/units






 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 










11.


Debt securities issued






 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 










12.


Capital and reserves






 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 










13.


Remaining liabilities






 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




ASSETS











1.


Cash






 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 










2.


Loans






 


397


 


 


 


 


 


 


 


 


# 398


 


 


# 399


 


# 400


 


# 401


 


# 402


 


 


 


 


 


 


 


 


# 403


 


 


# 404


 


# 405


 


# 406


 


# 407


# 408


# 409




up to 1 year


 


 


 


# 410


# 411


# 412


 


 


 


 


 


 


 


# 413


 


 


 


 


 


 


 


# 414


# 415


# 416


 


 


 


 


 


 


 


# 417


 


 


 


 


 


 


 


 




over 1 and up to 5 years


 


 


 


# 418


# 419


# 420


 


 


 


 


 


 


 


# 421


 


 


 


 


 


 


 


# 422


# 423


# 424


 


 


 


 


 


 


 


# 425


 


 


 


 


 


 


 


 




over 5 years


 


 


 


# 426


# 427


# 428


 


 


 


 


 


 


 


# 429


 


 


 


 


 


 


 


# 430


# 431


# 432


 


 


 


 


 


 


 


# 433


 


 


 


 


 


 


 


 










2e


Euro






 


 


 


 


 


 


 


 


 


 


# 434


 


 


# 435


 


# 436


 


# 437


 


 


 


 


 


 


 


 


 


 


# 438


 


 


# 439


 


# 440


 


# 441


 


 


 


 




Loans with original maturity over 1 year


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




of which loans with remaining maturity of less than or equal to 1 year


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




of which loans with remaining maturity over 1 year and with interest rate reset in the next 12 months


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




Loans with original maturity over 2 years


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




of which loans with remaining maturity of less than or equal to 2 years


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




of which loans with remaining maturity over 2 years and with interest rate reset in the next 24 months


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 










3.


Securities other than shares






 


# 458


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


# 459


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


# 460


# 461


# 462




up to 1 year


 


 


 


# 463


# 464


# 465


 


# 466


# 467


# 468


 


# 469


 


 


 


 


 


 


 


 


 


# 470


# 471


# 472


 


# 473


# 474


# 475


 


# 476


 


 


 


 


 


 


 


 


 


 




over 1 year


 


 


 


# 477


# 478


# 479


 


# 480


# 481


# 482


 


# 483


 


 


 


 


 


 


 


 


 


# 484


# 485


# 486


 


# 487


# 488


# 489


 


# 490


 


 


 


 


 


 


 


 


 


 










4.


MMFs shares/units






 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 










5.


Shares and other equity






 


 


 


 


 


 


 


# 491


# 492


# 493


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


# 494


# 495


# 496


 


 


 


 


 


 


 


 


 


 


 


 










6.


Fixed assets






 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 










7.


Remaining assets






 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 







TABLE 3a

Securitisations and other loan transfers: items for which monthly flow adjustments are required
 (*2)





















BALANCE SHEET ITEMS








A.


Domestic












B.


Other participting Member States












C.


Rest of the world








General government (S.13)


Other resident sectors


General government (S.13)


Other resident sectors




Total


Other gen.gov't (S.1312 + S.1313 + S.1314)


Total


Other financial intermediaries + financial auxiliaries (S.123 + S.124)


Insurance corporations and pension funds (S.125)


Non-financial corporations (S.11)


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


Total


Other general government (S.1312 + S.1313 + S.1314)


Total


Other financial intermediaries + financial auxiliaries (S.123 + S.124)


Insurance corporations and pension funds (S.125)


Non-financial corporations (S.11)


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



1.   Outstanding amounts of securitised loans not derecognised











1.1.


Total






497


498


 


499


500


501


502


503


504


 


505


506


507


508


509










1.1.1.


of which securitised through a euro area FVC






510


511


 


512


513


514


515


516


517


 


518


519


520


521


522







TABLE 3b

Securitisations and other loan transfers: items for which quarterly flow adjustments are required
 (*3)



























BALANCE SHEET ITEMS








A.


Domestic












B.


Other participting Member States












C.


Rest of the world








General government (S.13)


Other resident sectors


General government (S.13)


Other resident sectors




Total


Other general government (S.1312 + S.1313 + S.1314)


Total


Other financial intermediaries + financial auxiliaries (S.123 + S.124)


Insurance corporations and pension funds (S.125)


Non-financial corporations (S.11)


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


Total


Other general government (S.1312 + S.1313 + S.1314)


Total


Other financial intermediaries + financial auxiliaries (S.123 + S.124)


Insurance corporations and pension funds (S.125)


Non-financial corporations (S.11)


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




Credit for consumption


Lending for house purchase


Other lending


Credit for consumption


Lending for house purchase


Other lending




 


SP/UP (3)



 


SP/UP (3)





1.   Securitised loans, write-downs practiced at the time of the loan transfer












1.1.


counterparty in the transfer






 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




is an FVC


524


525


 


526


527


528


529


530


531


532


533


534


 


535


536


537


538


540


541


542


543




up to 1 year


 


 


 


 


 


544


 


 


 


 


 


 


 


 


 


545


 


 


 


 


 




over 1 and up to 5 years


 


 


 


 


 


546


 


 


 


 


 


 


 


 


 


547


 


 


 


 


 




over 5 years


 


 


 


 


 


548


 


 


 


 


 


 


 


 


 


549


 


 


 


 


 










1.1.1.


of which counterparty in the






550


551


 


552


553


554


555


556


557


 


558


559


560


561


562




transfer is a euro area FVC


 


 


 


 


 


562


 


 


 


 


 


 


 


 


 


563


 


 


 


 


 




up to 1 year


 


 


 


 


 


564


 


 


 


 


 


 


 


 


 


565


 


 


 


 


 




over 1 and up to 5 years


 


 


 


 


 


566


 


 


 


 


 


 


 


 


 


567


 


 


 


 


 




over 5 years


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




2.   Outstanding amounts of loans serviced in a securitisation












2.1.


Loans serviced: all FVCs






568


569


 


560


561


572


573


575


576


577


579


580


 


581


582


583


584


586


587


588


589




up to 1 year


 


 


 


 


 


590


 


 


 


 


 


 


 


 


 


591


 


 


 


 


 




over 1 and up to 5 years


 


 


 


 


 


592


 


 


 


 


 


 


 


 


 


593


 


 


 


 


 




over 5 years


 


 


 


 


 


594


 


 


 


 


 


 


 


 


 


595


 


 


 


 


 










2.1.1.


Loans serviced: of which euro area FVCs






596


 


 


597


598


599


600


601


602


 


603


604


605


606


607




up to 1 year


 


 


 


 


 


608


 


 


 


 


 


 


 


 


 


609


 


 


 


 


 




over 1 and up to 5 years


 


 


 


 


 


610


 


 


 


 


 


 


 


 


 


611


 


 


 


 


 




over 5 years


 


 


 


 


 


612


 


 


 


 


 


 


 


 


 


613


 


 


 


 


 














(b)


Section 3 of Part 4 is replaced by the following:
‘
Section 3:
   
Quarterly memorandum items to compile monetary union financial accounts



NCBs/ECB/other MFIs’ data (stocks)












 


Domestic


Other participating Member States


Rest of the world


Not allocated




Total


Central government


Total


Central government




LIABILITIES





14.   Remaining liabilities






Net equity of households in pension funds reserves


 



M70





Revaluation accounts


 



M90





Liability to non-resident branches/offices


 



M91





Liability adjustment accounts


 



M92





Debit balance on income/expenditure accounts; current/previous years’ profits/losses; securities lending business; short positions in securities; depreciation


 



M93





Provisions


 



M94





ASSETS





3.   Securities other than shares






Up to 1 year


 


M71


 


M72


M73


 




Of which: euro


 


M74


 


M75


M76


 




Over 1 year


 


M77


 


M78


M79


 




Of which: euro


 


M80


 


M81


M82


 




5.   Shares and other equity






Quoted shares


M83


 


M84


 


M85


 




Investment fund (not MMF) shares


M86


 


M87


 


M88


 




7.   Remaining assets






Prepayment of insurance premiums and reserves for outstanding claims


 



M89





Revaluation accounts


 



M95





Claims/capital injections into non-resident branches/offices


 



M96





Asset adjustment accounts


 



M97





Credit balance on income/expenditure accounts; current/previous years’ profits/losses; own shares; securities lending business


 



M98






M70: liabilities of MFIs with households in the form of technical provisions established to provide pensions for employees. This typically refers to employee pension funds that have not been externalised to an independent institution.

M83, M84, M85: shares with prices quoted on a recognised stock exchange or other form of secondary market.

M86, M87, M88: shares issued in the context of an organised financial arrangement that pools investor funds for the purpose of acquiring financial or non-financial assets, excluding those included in the MFI sector (also called mutual fund shares).

M89: the part of gross premiums paid by MFIs which is to be allocated to the following accounting period plus claims by MFIs that are not yet settled.

M93, M98: Additional information should be reported to the ECB clarifying the content of these composite items, if available. These composite items include some sub-items which are not currently reported by some countries in accordance with Regulation (EC) No 2423/2001 (ECB/2001/13) (securities lending business, short positions in securities, own shares) but within remaining assets/remaining liabilities. This additional information allows the ECB to correct monetary union financial accounts data as necessary.’










(c)


The following text is added at the end of Part 5:

                                    ‘Calculation of lump-sum allowance for control purposes (R6):

Lump-sum allowance: The allowance is applied to every credit institution. Each credit institution may deduct a maximum lump sum designed to reduce the administrative cost of managing very small reserve requirements. Should [reserve base × reserve ratio] be less than EUR 100 000, then the lump sum allowance equals [reserve base × reserve ratio]. Should [reserve base × reserve ratio] be greater than or equal to EUR 100 000, then the lump sum allowance equals EUR 100 000. Institutions allowed to report statistical data regarding their consolidated reserve base as a group (as defined in Annex III, Part 2, Section 1 of Regulation (EC) No 25/2009 (ECB/2008/32)) hold minimum reserves through one of the institutions in the group which is acting as intermediary exclusively for these institutions. In accordance with Article 11 of Regulation (EC) No 1745/2003 of the European Central Bank on the application of minimum reserves (ECB/2003/9) (*4), in the latter case only the group as a whole is entitled to deduct the lump sum allowance.
The minimum (or “required”) reserves are computed as follows:
Minimum (or “required”) reserves = reserve base × reserve ratio – lump sum allowance
The reserve ratio applies as follows:
A reserve ratio of 2 % applies to the following liability categories (as defined in Regulation (EC) No 25/2009 (ECB/2008/32)): (a) overnight deposits; (b) deposits with agreed maturity of up and including two years; (c) deposits redeemable at notice of up and including two years; and (d) debt securities issued with an agreed maturity of up and including two years. A reserve ratio of 0 % applies to repos and other liabilities with an agreed maturity of over two years included in the reserve base. Liabilities vis-à-vis the ECB, the NCBs and other institutions subject to the Eurosystem’s minimum reserve system are excluded from the reserve base.

(*4)  
                                    OJ L 250, 2.10.2003, p. 10.’
                                 "
                        










(d)


Part 7 is replaced by the following:

                                    ‘
                                    PART 7


Money market funds balance sheet statistics

TABLE 1

MMFs — Stocks


Quarterly serie







BALANCE SHEET ITEMS








A.


Domestic












B.


Other participating Member States












C.


Rest of the world












D.


Not allocated








MFIs


Non-MFIs


MFIs


Non-MFIs


 


 




General government


Other residents


General government


Other residents


Total


Banks


Non-banks




Central government


Other general government


Total


OFIs (S.123) and financial auxiliaries (S.124)


Insurance corp. and pension funds (S.125)


Non-financial corp. (S.11)


Households etc. (S.14 + S.15)


Central government


Other general government


Total


OFIs (S.123) and financial auxiliaries (S.124)


Insurance corp. and pension funds (S.125)


Non-financial corp. (S.11)


Households etc. (S.14 + S.15)


General government


Other non-resident sectors




LIABILITIES





Deposits


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




MMFs shares/units


 


 


 


 


 


 




 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




Capital & reserves


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




Remaining liabilities


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




ASSETS





Loans


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




Sec. other than shares


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




Total currencies


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




up to 1 year


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




over 1 year


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




Euro


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




up to 1 year


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




over 1 & up to 2 years


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




over 2 years


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




Foreign currencies


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




up to 1 year


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




over 1 & up to 2 years


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




over 2 years


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




MMF shares/units


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




Shares and other equity


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




Remaining assets


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 












 


(Monthly and quarterly) requirements addressed to MFIs by Regulation (EC) No 25/2009 (ECB/2008/32).




 


(Quarterly) requirements addressed to IFs by Regulation (EC) No 958/2007 (ECB/2007/8), to be reported for MMFs as memo items if available at the NCBs.














MMFs — Reclassifications


Quarterly series







BALANCE SHEET ITEMS








A.


Domestic












B.


Other participating Member States












C.


Rest of the world












D.


Not allocated








MFIs


Non-MFIs


MFIs


Non-MFIs


 


 




General government


Other residents


General government


Other residents


Total


Banks


Non-banks




Central government


Other general government


Total


OFIs (S.123) and financial auxiliaries (S.124)


Insurance corp. and pension funds (S.125)


Non-financial corp. (S.11)


Households etc. (S.14 + S.15)


Central government


Other general government


Total


OFIs (S.123) and financial auxiliaries (S.124)


Insurance corp. and pension funds (S.125)


Non-financial corp. (S.11)


Households etc. (S.14 + S.15)


General government


Other non-resident sectors




LIABILITIES





Deposits


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




MMFs shares/units


 


 


 


 


 


 




 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




Capital & reserves


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




Remaining liabilities


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




ASSETS





Loans


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




Sec. other than shares


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




Total currencies


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




up to 1 year


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




over 1 year


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




Euro


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




up to 1 year


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




over 1 & up to 2 years


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




over 2 years


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




Foreign currencies


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




up to 1 year


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




over 1 & up to 2 years


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




over 2 years


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




MMF shares/units


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




Shares and other equity


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




Remaining assets


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 












 


(Monthly and quarterly) requirements addressed to MFIs by Regulation (EC) No 25/2009 (ECB/2008/32).




 


(Quarterly) requirements addressed to IFs by Regulation (EC) No 958/2007 (ECB/2007/8), to be reported for MMFs as memo items if available at NCBs.














MMFs — Revaluations


Quarterly series







BALANCE SHEET ITEMS








A.


Domestic












B.


Other participating Member States












C.


Rest of the world












D.


Not allocated








MFIs


Non-MFIs


MFIs


Non-MFIs


 


 




General government


Other residents


General government


Other residents


Total


Banks


Non-banks




Central government


Other general government


Total


OFIs (S.123) and financial auxiliaries (S.124)


Insurance corp. and pension funds (S.125)


Non-financial corp. (S.11)


Households etc. (S.14 + S.15)


Central government


Other general government


Total


OFIs (S.123) and financial auxiliaries (S.124)


Insurance corp. and pension funds (S.125)


Non-financial corp. (S.11)


Households etc. (S.14 + S.15)


General gov't


Other non-resident sectors




LIABILITIES





Deposits


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




MMFs shares/units


 


 


 


 


 


 




Capital & reserves


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




Remaining liabilities


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




ASSETS





Loans


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




Sec. other than shares


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




Total currencies


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




up to 1 year


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




over 1 year


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




Euro


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




up to 1 year


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




over 1 & up to 2 years


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




over 2 years


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




Foreign currencies


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




up to 1 year


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




over 1 & up to 2 years


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




over 2 years


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




MMF shares/units


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




Shares and other equity


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




Remaining assets


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 












 


(Monthly and quarterly) requirements addressed to MFIs by Regulation (EC) No 25/2009 (ECB/2008/32).




Under Article 8(2) of Regulation (EC) No 25/2009 (ECB/2008/32), NCBs may grant a derogation in respect of the reporting of revaluation adjustments to MMFs.




Nevertheless, if the amounts involved are significant, NCBs are requested to provide information on a best effort basis.










TABLE 2

MMFs — Stocks


Quarterly series







BALANCE SHEET ITEMS


All currencies


Euro


Other currencies




 


GBP


USD


JPY


CHF




LIABILITIES





Deposits


 


 


 


 


 


 


 




Rest of the world (excluding EU)


 


 


 


 


 


 


 




from banks


 


 


 


 


 


 


 




 


 


 


 


 


 


 




ASSETS





Loans


 


 


 


 


 


 


 




Rest of the world


 


 


 


 


 


 


 




Securities other than shares


 


 


 


 


 


 


 




Domestic


 


 


 


 


 


 


 




issued by MFIs


 


 


 


 


 


 


 




issued by non-MFIs


 


 


 


 


 


 


 




Other participating Member States


 


 


 


 


 


 


 




issued by MFIs


 


 


 


 


 


 


 




issued by non-MFIs


 


 


 


 


 


 


 




Rest of the world


 


 


 


 


 


 


 












 


(Quarterly) requirements addressed to MFIs by Regulation (EC) No 25/2009 (ECB/2008/32).’




















(e)


Part 10 is deleted.










(f)


Part 11 is replaced by the following:

                                       ‘
                                       PART 11


Other financial intermediaries’ statistics (except investment funds and financial vehicle corporations)



Section 1:
   
Reporting tables


Data to be reported for SDDs (security and derivative dealers), FCLs (financial corporations engaged in lending) and remaining OFIs (other financial intermediaries) are set out in the table below.

Data on SDDs, FCLs and remaining OFIs. Key indicators/memorandum items









Item name and maturity/geographical/sectoral breakdown


SDDs


FCLs


Remaining OFIs




ASSETS





Deposits/world/total


Key


 


 




Loans/world/total


 


Key


 




Loans/world/MFIs


 


Key


 




Loans/world/non-MFIs/total


 


Key


 




Loans/world/non-MFIs/non-financial corporations


 


Key


 




Loans/world/non-MFIs/households/total


 


Key


 




Loans/world/non-MFIs/households/consumer credit


 


Key


 




Loans/world/non-MFIs/households/lending for house purchase


 


Key


 




Loans/world/non-MFIs/households/other purposes (residual)


 


Key


 




Loans/domestic/total


 


Key


 




Loans/domestic/MFIs


 


Key


 




Loans/domestic/non-MFIs/total


 


Key


 




Loans/domestic/non-MFIs/non-financial corporations


 


Key


 




Loans/domestic/non-MFIs/households/total


 


Key


 




Loans/domestic/non-MFIs/households/consumer credit


 


Key


 




Loans/domestic/non-MFIs/households/lending for house purchase


 


Key


 




Loans/domestic/non-MFIs/households/other purposes (residual)


 


Key


 




Loans/other participating Member States/total


 


Key


 




Loans/other participating Member States/MFIs


 


Key


 




Loans/other participating Member States/non-MFIs/total


 


Key


 




Loans/other participating Member States/non-MFIs/non-financial corporations


 


Key


 




Loans/other participating Member States/non-MFIs/households/total


 


Key


 




Loans/other participating Member States/non-MFIs/households/consumer credit


 


Key


 




Loans/other participating Member States/non-MFIs/households/lending for house purchase


 


Key


 




Loans/other participating Member States/non-MFIs/households/other purposes (residual)


 


Key


 




Securities other than shares/world/total


Key


Key


 




Shares and other equity excluding investment fund shares/world/total


Key


Key


 




Investment fund shares/world/total


Key


 


 




Financial derivatives/world/total


Key


 


 




Other assets including “loans”/world/total


Key


 


 




Other assets including “deposits”, “cash”, “investment fund shares”, “fixed assets” and “financial derivatives”/world/total


 


Key


 




Total assets/liabilities/world/total


Key


Key


Memo




LIABILITIES





Deposits and loans taken/world/total


Key


Key


 




Debt securities issued/world/total


Key


Key


 




Capital and reserves/world/total


Key


Key


 




Financial derivatives/world/total


Key


 


 




Other liabilities/world/total


Key


 


 




Other liabilities including “financial derivatives”/world/total


 


Key


 






Section 2:
   
Instrument categories and valuation rules


In line with the European System of National and Regional Accounts in the Community (ESA 95), in principle assets and liabilities must be valued using current market prices on the date to which the balance sheet relates. Deposits and loans must be reported at face value, excluding accrued interests.

Assets


Total assets/liabilities: total assets must equal the sum of all items separately identified on the assets side of the balance sheet and should also equal total liabilities.








1.



Deposits: this item (*5) consists of two main sub-categories: transferable deposits and other deposits. Holdings of currency must also be included under this item.
In the case of FCLs, this item should be allocated under “Other assets”.












2.



Loans: this item consists of:






—


loans granted to households in the form of consumer credit i.e. loans granted for the purpose of personal use in the consumption of goods and services; lending for house purchases i.e. credit extended for the purpose of investing in housing, including building and home improvements; and other i.e. loans granted for purposes such as business, debt consolidation, education, etc.,










—


financial leases granted to third parties,










—


bad debt loans that have not yet been repaid or written off,










—


holdings of non-negotiable securities,










—


subordinated debt in the form of loans.




For the sub-category SDDs, loans must be allocated under “Other assets”.

Valuation rules: loans made by OFIs must be recorded gross of all related provisions, both general and specific, until the loans are written off by the reporting institution, at which point the loans must be removed from the balance sheet.
In accordance with the general principle of accruals accounting, interest earned on loans must be subject to on-balance-sheet recording as it accrues i.e. on an accruals basis, rather than when it is actually received or paid i.e. on a cash basis. Accrued interest on loans must be classified on a gross basis under the category “Other assets”.












3.



Securities other than shares: this item includes holdings of securities which give the holder the unconditional right to a fixed or contractually determined income in the form of coupon payments and/or a stated fixed sum at a specific date or dates or starting from a date defined at the time of issue. It also includes negotiable loans that have been restructured into a large number of identical documents and that are traded on organised markets.

Valuation rules: in line with the ESA 95, securities other than shares must be reported at market value.












4.



Shares and other equity excluding investment fund shares: this category comprises three main sub-categories:






—


quoted shares, excluding investment fund shares: shares with prices quoted on a recognised stock exchange or other form of secondary market (ESA 95, paragraphs 5.88-5.93),










—


unquoted shares, excluding investment fund shares: shares that are not quoted (ESA 95, paragraphs 5.88-5.93),










—


other equity: all transactions in other equity that are not covered by quoted and unquoted shares (ESA 95, paragraphs 5.94-5.95).





Valuation rules: in line with the ESA 95, shares and other equities must be reported at market value.












5.



Investment fund shares/units: investment fund shares/units must be considered exclusively MFI liabilities, i.e. only MMFs and investment funds classified as OFIs.
For the sub-category FCLs, investment fund shares/units must be allocated under “Other assets”.

Valuation rules: in line with the ESA 95, investment fund shares/units must be reported at market value.












6.



Financial derivatives: under this item, the following financial derivatives must be reported:






(i)


options, tradable and OTC;










(ii)


warrants;










(iii)


futures, but only if they have a market value because they are tradable or can be offset;










(iv)


swaps, but only if they have a market value because they are tradable or can be offset.




In the case of FCLs, this item should be allocated under “Other assets”.
Derivatives must be recorded on the balance sheet on a gross basis. Individual derivative contracts with gross positive market values must be recorded on the asset side of the balance sheet and contracts with gross negative market values on the liability side. Gross future commitments arising from derivative contracts must not be entered as on-balance-sheet items. Financial derivatives may be recorded on a net basis according to different valuation methods. Where only net positions are available, or positions are recorded other than at market value, these positions must be reported as default.












7.



Other assets: all amounts that cannot be allocated in one of the main balance sheet items (BSI) must be allocated in “Other assets”. This item comprises assets such as accrued interest receivable on loans and accrued rent on buildings, dividends to be received, amounts receivable not related to the main OFI business, gross amounts receivable in respect of suspense items, gross amounts receivable in respect of transit items, other assets not separately identified, e.g. fixed assets, loans and deposits depending on the sub-category of OFI.





Liabilities


Total assets/liabilities: total liabilities must equal the sum of all items separately identified on the liability side of the balance sheet and also equal total assets (see also asset item “Total assets/liabilities”).








1.



Deposits and loans taken: this item consists of:






—


deposits: transferable deposits and other deposits (see assets) placed with OFIs. These deposits are generally placed by MFIs,










—


loans: loans granted to the reporting OFIs which are not evidenced by documents or are represented by a single document even if it has become negotiable.
















2.



Debt securities issued: in some countries, OFIs may issue negotiable instruments with characteristics that are similar to those of debt securities issued by MFIs. In this reporting scheme, all such instruments must be classified as debt securities.












3.



Capital and reserves: this item comprises the amounts arising from the issue of equity capital by reporting OFIs to shareholders or other proprietors, representing for the holder property rights in the OFI and generally an entitlement to a share in its profits and a share in its own funds in the event of liquidation. Funds arising from undistributed benefits or funds set aside by reporting OFIs in anticipation of likely future payments and obligations are also included. Capital and reserves comprise the following elements:






—


equity capital,










—


undistributed benefits or funds,










—


specific provisions against loans, securities and other types of assets,










—


operating profit/loss.
















4.



Financial derivatives: see asset item “Financial derivatives”.












5.



Other liabilities: all amounts that cannot be allocated in one of these main items of the liability side must be allocated in “Other liabilities”. This item comprises liabilities such as gross amounts payable in respect of suspense items, gross amounts payable in respect of transit items, accrued interest payable on deposits, dividends to be paid, amounts payable not related to the main OFI business, provisions representing liabilities against third parties, margin payments made under derivative contracts representing cash collateral placed to protect against credit risk but remaining in the ownership of the depositor and being repayable to the depositor when the contract is closed out, net positions arising from securities lending without cash collateral, net amounts payable in respect of future settlements of transactions in securities, other liabilities not separately identified, e.g. debt securities, financial derivatives depending on the sub-category of OFI.






Section 3:
   
National explanatory notes










1.



Data sources/data collection system: this must include:






—


data sources used to compile OFI statistics, except insurance corporations and pension funds, e.g. statistical offices, direct reporting from OFIs and/or fund managers,










—


details on the collection systems, e.g. voluntary reports, business surveys, sampling, reporting subject to the existence of thresholds and grossing up.
















2.



Compilation procedures: the method used to compile data must be described, e.g. detailed description of esti mates/assumptions made and how series are aggregated if two series have different frequencies.












3.



Legal framework: comprehensive information on the institutions’ national legal framework must be provided. Links with Community legislation must be specifically outlined. If several types of institutions are included under the same category, information must be provided for all types of institutions.












4.



Deviations from the ECB’s reporting instructions: NCBs must provide information on deviations from the reporting instructions.
Deviations from the reporting instructions may occur with respect to:






—


instrument breakdown: the instrument coverage may differ from the ECB’s reporting instructions, e.g. two different instruments cannot be separately identified,










—


geographical breakdown,










—


sectoral breakdown,










—


valuation methods.
















5.



Reporting population: The NCBs may classify in a specific OFI sub-category all institutions complying with the OFI definition. They must describe all institutions included in or excluded from each OFI sub-category. Where possible, NCBs must provide estimates of data coverage in terms of total assets of the reporting population.












6.



Breaks in historical series: breaks and major changes over time in the collection, reporting coverage, reporting schemes and compilation of the historical series must be described. In the case of breaks, the extent to which old and new data may be considered comparable must be indicated.












7.



Other comments: any other relevant comments or indications.





(*5)  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.’
                                             "
                        










(g)


Section 1 of Part 12 of Annex III is replaced by the following:
‘
Section 1:
   
Introduction


Securities issues statistics for the euro area provide two main aggregates:






—


all issues by euro area residents in any currency, and










—


all issues made worldwide in euro, both domestic and international.




A principal distinction must be drawn on the basis of the residency of the issuer whereby the Eurosystem NCBs collectively cover all issues by the residents of the euro area. The Bank for International Settlements (BIS) reports issues by the “rest of the world” (RoW), referring to all non-euro area residents (including international organisations).
The chart below summarises the reporting requirements.








 


Securities issues




By euro area residents
(each NCB reporting on its domestic residents)


By RoW residents
(BIS/NCB)




Non-participating Member States


Other countries




In euro/national denominations


Block A


Block B




In other currencies (*6)



Block C


Block D
not required














(h)


Sub-sections 4 and 5 of Section 2 of Part 12 of Annex III are replaced by the following:
‘4.   Classification of issues

Issues are analysed under two broad groupings: (1) debt securities i.e. securities other than shares excluding financial derivatives (*7); and (2) quoted shares excluding investment fund shares/units (*8). Private placements are covered as far as possible. Money market paper is included as part of debt securities. Unquoted shares and other equity may be reported on a voluntary basis as two separate memo items.
The following instruments contained in the BIS database are classified as debt securities in the securities issue statistics:






—


certificates of deposit,










—


commercial paper,










—


treasury bills,










—


bonds,










—


euro commercial paper (ECP),










—


medium-term notes,










—


other short-term paper.




Non-exhaustive coverage of instruments in the securities issue statistics:






(a)


Debt securities






(i)


Short-term debt securities
The following instruments are included as a minimum:






—


treasury bills and other short-term paper issued by general government,










—


negotiable short-term paper issued by financial and by non-financial corporations. A variety of terms are used for such paper including: commercial paper, commercial bills, promissory notes, bills of trade, bills of exchange and certificates of deposit,










—


short-term securities issued under long-term underwritten note issuance facilities,










—


bankers’ acceptances.














(ii)


Long-term debt securities
The following instruments are illustrative and included as a minimum:






—


bearer bonds,










—


subordinated bonds,










—


bonds with optional maturity dates, the latest of which is more than one year away,










—


undated or perpetual bonds,










—


variable rate notes,










—


convertible bonds,










—


covered bonds,










—


index-linked securities where the value of the principal is linked to a price index, the price of a commodity or to an exchange rate index,










—


deep-discounted bonds,










—


zero coupon bonds,










—


euro bonds,










—


global bonds,










—


privately issued bonds,










—


securities resulting from the conversion of loans,










—


loans that have become negotiable de facto,










—


debentures and loan stock convertible into shares, whether shares of the issuing corporation or shares of another company, so long as they have not been converted. Where separable from the underlying bond, the conversion option, considered to be a financial derivative, is excluded,










—


shares or stocks that pay a fixed income but do not provide for participation in the distribution of the residual value of the corporation on dissolution, including non-participating preference shares,










—


financial assets issued as part of the securitisation of loans, mortgages, credit card debt, accounts receivable and other assets.




The following instruments are excluded:






—


transactions in securities as part of repurchase agreements,










—


issues of non-negotiable securities,










—


non-negotiable loans.




Long-term debt securities issues are divided into:






—


fixed rate issues, i.e. bonds whose nominal coupon payment does not change during the life of the issue,










—


variable rate issues, i.e. bonds where the coupon rate or underlying principal are linked to an interest rate or some other index resulting in a variable nominal coupon payment over the life of the issue,










—


zero coupon issues, i.e. instruments that do not pay any periodic coupon payments. Usually such bonds are issued at discount and redeemed at par. Most of the discount represents the equivalent of the interest accrued during the life of the bond.


















(b)


Quoted shares
Quoted shares include:






—


capital shares issued by limited liability companies,










—


redeemed shares in limited liability companies,










—


dividend shares issued by limited liability companies,










—


preferred or preference stocks or shares which provide for participation in the distribution of the residual value on dissolution of a corporation. These may be quoted or unquoted on a recognised exchange,










—


private placements where possible.




If a company is privatised and the government keeps part of the shares but the other part is quoted on a regulated market, the whole value of the company’s capital is recorded within the outstanding amounts of quoted shares, since all shares could potentially be traded at any time at market value. The same applies if part of the shares is sold to large investors and only the remaining part, i.e. free float, is traded on the stock exchange.
Quoted shares exclude:






—


shares offered for sale but not taken up on issue,










—


debentures and loan stock convertible into shares. These are included once they are converted into shares,










—


the equity of partners with unlimited liability in incorporated partnerships,










—


government investments in the capital of international organisations which are legally constituted as corporations with share capital,










—


issues of bonus shares at the time of issue only and split share issues. Bonus shares and split shares are however included indistinguishably in the total stock of quoted shares.








5.   Currency of issue

Dual currency bonds, where the bond is redeemed or the coupon paid in a different currency from the denomination of the bond, must be classified according to the denomination of the bond. If a global bond is issued in more than one currency, each portion must be reported as a separate issue, according to its currency of issue. Where issues are denominated in two currencies, for example 70 % in euro and 30 % in US dollars, the relevant components of the issue must be reported separately where possible according to the currency denomination. Hence 70 % of the issue must be reported as issues in euro/national denominations (*9) 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.

(*7)  ESA 95 category F.33."
                        

(*8)  ESA 95 category F.511."
                        

(*9)  Block A for NCBs and Block B for the BIS.’
                                    "
                        










(i)


The following Part 12a is inserted:

                                       ‘
                                       PART 12a


Additional monthly MFI interest rate statistics (to be transmitted to the ECB by close of business on the 19th working day after the end of the reference month)

TABLE 1 (*10)











 


Sector


Type of instrument


Initial period of interest rate fixation


New business indicator


Reporting obligation




Loans
(in EUR)


To non-financial corporations


Loans up to an amount of EUR 1 million


Floating rate and up to 1 year period of initial rate fixation


24


AAR/NDER, amount




Over 1 and up to 5 years period of initial rate fixation


25


AAR/NDER, amount




Over 5 years period of initial rate fixation


26


AAR/NDER, amount




Loans over an amount of EUR 1 million


Floating rate and up to 1 year period of initial rate fixation


27


AAR/NDER, amount




Over 1 and up to 5 years period of initial rate fixation


28


AAR/NDER, amount




Over 5 years period of initial rate fixation


29


AAR/NDER, amount







TABLE 2 (*11)










 


Sector


Type of instrument


New business indicator


Reporting obligation




Loans
(in EUR)


To households


Revolving loans and overdrafts, convenience and extended credit card debt


86


AAR/NDER, amount




To non-financial corporations


Revolving loans and overdrafts, convenience and extended credit card debt


87


AAR/NDER, amount














(j)


Sections 1 and 2 of Part 13 are replaced by the following:
‘
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
 (*12)








(EUR million)




 


Items




 








I.


NCB liabilities
Deposits held at NCB












II.


Other MFI liabilities
Deposits held at other MFIs














I.a.


Overnight deposits — euro






of domestic central government


of domestic central government




of other euro area Member States central governments


of euro area central governments




of rest of the world, except banks


of rest of the world, except banks










I.b.


Overnight deposits — Other currencies






of domestic central government


of domestic central government




of other euro area Member States central governments


of euro area central governments




of rest of the world, except banks


of rest of the world, except banks










I.c.


Transferable deposits (4) — All currencies






of domestic general government


of domestic general government




of domestic other resident sectors


of domestic other resident sectors




of other euro area Member States general governments


of other euro area Member States general governments




of other euro area Member States other resident sectors


of other euro area Member States other resident sectors




of rest of the world, except banks


of rest of the world, except banks




TABLE 2

Settlement media used by credit institutions


(EUR million)

Items
Overnight deposits in euro held at other credit institutions (end of period)
Transferable overnight deposits in euro held at other credit institutions (end of period)
Memorandum item:
Intraday borrowing in euro from the central bank (average for last reserve maintenance period) (5)



Section 2:
   
Institutions offering payment services


Institutions offering payment services are legally independent institutions operating in the reporting country, and are:






—


the central bank,










—


credit institutions legally incorporated in the reporting country (includes “Electronic money institutions”),










—


branches of euro area-based credit institutions,










—


branches of EEA-based credit institutions outside the euro area,










—


branches of non-EEA-based banks,










—


other institutions offering payment services to non-MFIs.
TABLE 3

Institutions offering payment services to non-MFIs
 (*12)







Items




Central bank


Number of offices




Number of overnight deposits held by non-MFIs (6) (thousands)




Number of transferable overnight deposits (7)





Credit institutions irrespective of their legal incorporation


Number of overnight deposits held by non-MFI (6) (thousands)
of which: Internet/PC-linked (6) (thousands)




Number of transferable overnight deposits held by non-MFI (6), (7) (thousands)
of which: Internet/PC-linked (6), (7) (thousands)










—


Credit institutions legally incorporated in the reporting country






Number of institutions (8)





Number of offices




Value of overnight deposits held by non-MFI (euro million)




Value of transferable overnight deposits (9)











—


Branches of euro area-based credit institutions






Number of institutions (8)





Number of offices




Value of overnight deposits held by non-MFI (euro million)




Value of transferable overnight deposits (9)











—


Branches of EEA-based credit institutions outside the euro area






Number of institutions (8)





Number of offices




Value of overnight deposits held by non-MFI (euro million)




Value of transferable overnight deposits (9)











—


Branches of non-EEA-based banks






Number of institutions (8)





Number of offices




Value of overnight deposits held by non-MFI (euro million)




Value of transferable overnight deposits (9)





Other institutions offering payment services to non-MFIs


Number of institutions (8)





Number of offices




Number of overnight deposits held by non-MFIs (6) (thousands)




Value of overnight deposits held by non-MFI (euro million)




Value of transferable overnight deposits (9)






Memorandum items

Electronic money institutions


Number of institutions (8)





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)














—


Number of offices includes the head office of the institution if it offers payment services with cashless clearing and settlement. Mobile offices are not included. Each place of business set up in the same reporting country is counted separately,










—


Internet/PC-linked deposits: deposits which can be accessed and used electronically via the Internet or PC banking using dedicated software and telephone lines. Deposits with telephone or mobile phone banking access are not included, unless they are also accessible via Internet or PC banking applications.





(*12)  End of period.’
                                             "
                        

(*12)  End of period.’
                                                      "
                        










(k)


The introductory part of Section 5 of Part 13 is replaced by the following:

                                 ‘Interbank funds transfer systems (IFTSs) are included, whether managed by a central bank or a private operator. Figures are provided on a system-by-system basis. Only systems handling a significant volume of business are listed. Mostly these are the systems mentioned in the textual part of the Blue Book. Systems are included if they were operational during any of the previous five reference years.
IFTSs are divided into TARGET2/TARGET components and non-TARGET payment systems:






—


a TARGET2/TARGET component is a national real-time gross settlement (RTGS) system which is a part of TARGET2/TARGET as identified in Guideline ECB/2007/2 of 26 April 2007 on a Trans-European Automated Real-time Gross settlement Express Transfer system (TARGET2) (*13) or in Guideline ECB/2005/16 of 30 December 2005 on a Trans-European Automated Real-time Gross settlement Express Transfer system (TARGET) (*14), the ECB payment mechanism (EPM) or the RTGS system of a Member State that had not yet adopted the euro but was connected directly to TARGET and signed a TARGET Agreement,










—


a non-TARGET payment system is an IFTS which is not a component part of TARGET2/TARGET.





(*13)  
                                             OJ L 237, 8.9.2007, p. 1."
                        

(*14)  
                                             OJ L 18, 23.1.2006, p. 1.’
                                          "
                        










(l)


Table 7 of Part 13 is replaced by the following:
‘TABLE 7

Participation in selected interbank funds transfer systems
 (*15)








Items




TARGET component


Non-TARGET payment system
[refer to list of payment systems]




LVPS
[reported separately for each LVPS 1, 2, 3, 4]


Retail system
[reported separately for each retail payment system 1, 2, 3, 4, 5, 6]




Number of participants






(a)


Direct participants
of which:






 


Credit institutions










 


Central bank










 


Other direct participants




of which:






—


Public administration










—


Postal institution










—


Clearing and settlement organisations










—


Other financial institutions










—


Others














(b)


Indirect participants






Number of participants






(a)


Direct participants
of which:






 


Credit institutions










 


Central bank










 


Other direct participants




of which:






—


Public administration










—


Postal institution










—


Clearing and settlement organisations










—


Other financial institutions










—


Others














(b)


Indirect participants






Number of participants






(a)


Direct participants
of which:






 


Credit institutions










 


Central bank










 


Other direct participants




of which:






—


Public administration










—


Postal institution










—


Clearing and settlement organisations










—


Other financial institutions










—


Others














(b)


Indirect participants


















(m)


The ‘List of payment systems in Tables 7, 8 and 9’ at the end of Part 13 is deleted.










(n)


The following Part 16 is inserted:

                                       ‘
                                       PART 16


Loans to non-financial corporations by branch of activity

NCBs either report data for individual sections in accordance with Template I or, if data is not available for individual sections, in accordance with Template II.
NCBs report amounts outstanding in respect of loans to domestic non-financial corporations (NFCs) and loans to other participating Member States’ non-financial corporations (where available) separately. All data is reported in EUR million.








Template I


Template II




1








A.


Agriculture, forestry and fishing






1








A.


Agriculture, forestry and fishing








2








B.


Mining and quarrying






2








B.


Mining and quarrying








3








C.


Manufacturing






3








C.


Manufacturing








4








D.


Electricity, gas, steam and air conditioning supply






4








D.


Electricity, gas, steam and air conditioning supply
+










E.


Water supply, sewerage, waste management and remediation activities








5








E.


Water supply, sewerage, waste management and remediation activities








6








F.


Construction






5








F.


Construction








7








G.


Wholesale and retail trade. Repair of motor vehicles and motorcycles






6








G.


Wholesale and retail trade. Repair of motor vehicles and motorcycles








8








I.


Accommodation and food service activities






7








I.


Accommodation and food service activities








9








H.


Transportation and storage






8








H.


Transportation and storage
+










J.


Information and communication








10








J.


Information and communication








11








L.


Real estate activities






9








L.


Real estate activities
+










M.


Professional, scientific and technical activities










N.


Administrative and support service activities








12








M.


Professional, scientific and technical activities








13








N.


Administrative and support service activities








14


All remaining sections relevant for the NFCs


10


All remaining sections relevant for the NFCs





Note: Letters refer to the corresponding NACE Rev.2 classification.’










2.   
Annex IV is amended as follows:






(a)


Point 3.1 in Part 2 is replaced by the following:






‘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,










—


MMF 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,










—


data on loans to non-financial corporations broken down by branch of activity.’
                                       


















(b)


The table entitled ‘UNIT (Unit)’ in Section 3 of Part 4 is replaced by the following:
‘UNIT (Unit)







BSI


For euro area Member States: EUR




SSI


For euro area Member States: EUR
For series reported as absolute values and for indices: PURE_NUMB
For the series reported as percentages: PCT




OFI


For euro area Member States: EUR




MIR


For business volumes: EUR
For interest rates: PCPA




SEC


For euro area Member States: EUR




PSS


For series on original units (Annex III, Part 13, Tables 4, 5, 7 and 8) and series on concentration ratios (Annex III, Part 13, Tables 8 and 9): PURE_NUMB
For series on value of transactions on TARGET2 (Annex III, Part 13, Table 8): EUR
For series on value of transactions by participating Member States (Annex III, Part 13, Tables 6 and 9): EUR




IVF


For euro area Member States: EUR’










3.   
Annex V is amended as follows:






(a)


Point 2 of sub-section 3 of Section 1 of Part 2 is replaced by the following:






‘2.


Changes in classification occur for a number of reasons. A change in the sectoral classification of counterparties may occur because a public sector body is transferred to the private sector or because mergers/de-mergers alter the principal activity of corporations.’














(b)


In sub-section 1 of Section 2 of Part 3 the following point 4 is added:






‘4.


Write-downs that occur at the time when a loan is securitised and write-downs/write-offs on serviced loans are reported to the ECB on a best effort basis in accordance with Table 3 (*16).





(*16)  Write-offs/write-downs on loans for which the MFI acts as a servicer may occur because the loans are still subject to on-balance sheet recording, either on the individual accounts of the MFI or at group level, and the servicing data reported to the NCB is sourced from these. They may also occur when the servicer must state a reduced principal loan balance for impaired loans in order to be in compliance with the investor agreements.’
                                    "
                        










(c)


Point 5 of sub-section 2 of Section 2 of Part 3 is replaced by the following:






‘5.


The Regulation allows flexibility in terms of the type of data needed to calculate the price revaluation of securities and the form in which these data are collected and compiled. The decision on the method is left to the NCBs, based on the following options:
—   MFIs to report adjustments: MFIs report the adjustments applicable to each item, reflecting the valuation changes due to change in prices. NCBs that choose this method aggregate the adjustments reported by MFIs for the submission of data to the ECB,
—   MFIs to report transactions: MFIs accumulate transactions during the month and transmit the value of purchase and sale of securities to the NCB. The compilation and submission to the NCB of net transactions is acceptable. NCBs that receive transactions data have to calculate the “revaluation adjustment” as a residual from the difference between the stocks and the transactions and other adjustments, and submit the revaluation adjustment to the ECB in accordance with this Guideline,
—   security-by-security reporting: MFIs report to NCBs all relevant information on holdings of securities, such as the nominal (i.e. face) value, accounting (i.e. book) value, market value, sales and purchases, on a security-by-security basis. This information permits NCBs to obtain accurate information on the “revaluation adjustment” to be submitted to the ECB. This method is intended to accommodate NCBs that already follow such an approach in collecting data at a local level.’














(d)


Appendix III is deleted.






4.   
Annex VI is amended as follows:






(a)


Part 1 is replaced by the following:

                                       ‘
                                       PART 1


Variables for the purpose of the list of MFIs for statistical purpose








Variable name


Variable description


Status




object_request


This specifies the type of monetary financial institution (MFI) update sent and can take one of seven predefined values:
“mfi_req_new”: specifies that information on a new MFI is given,
“mfi_req_mod”: specifies that information on modifications to an existing MFI is given,
“mfi_req_del”: specifies that information on an existing MFI to be deleted is given,
“mfi_req_merger”: specifies that information on institutions involved in a merger (*17) is given,
“mfi_req_realloc”: specifies that reallocation of a deleted mfi_id to a new MFI is required,
“mfi_req_mod_id_realloc”: specifies that a change of the mfi_id of an existing MFI to that of a deleted MFI is required,
“mfi_req_mod_id”: specifies that a change of “mfi_id” is required.


Mandatory




mfi_id


This is the primary key for the MFI dataset. It specifies the unique identification code (hereinafter the “id code”) of the MFI, and is comprised of two parts: “host” and “id”. The values for the two parts combined should ensure that the “mfi_id” is unique to that MFI.


Mandatory




host


This variable specifies the country of registration of the MFI, given as a two-character country ISO code.


Mandatory when part of id code




id


This specifies the id code for the MFI (without the “host” two-character ISO country code as a prefix)


Mandatory when part of id code




name


This specifies the full registration name of the MFI, including the company designation (i.e. Plc, Ltd, SpA, etc.).


Mandatory




address


This specifies the location details of the MFI, and is composed of four parts: “postal_address”, “postal_box”, “postal_code” and “city”.


Mandatory for “new” and “mod” requests




postal_address


This specifies the street name and the building number.


Mandatory for “new” and “mod” requests




postal_box


This specifies the post office box number, using national box convention systems.


Mandatory for “new” and “mod” requests




postal_code


This specifies the post code, using the national postal systems conventions.


Mandatory for “new” and “mod” requests




city


This specifies the city of location.


Mandatory for “new” and “mod” requests




category


This indicates the type of MFI, and can have one of four predefined values: “central bank”, “credit institution”, “money market fund” or “other institution”.


Mandatory for “new” and “mod” requests




report


This indicates whether or not the MFI reports monthly balance sheet statistics and can take one of two predefined values which are mutually exclusive: (i) “true” when the MFI is subject to the full reporting requirements; or (ii) “false” when the MFI is not subject to the full reporting requirements.


Mandatory for “new” and “mod” requests




order_r


This indicates the desired order of the list of MFIs if the English alphabetical order does not apply. A numeric value must be assigned to each MFI in ascending order.


Non-mandatory




head_of_branch


This indicates that the MFI is a foreign branch. This can take one of three values: “non_eu_head”, “eu_non_mfi_head” and “eu_mfi_head”.


Mandatory for foreign branches




non_eu_head


This indicates that the head office is extra EU resident, and is composed of two parts: “host” and “name”.


Mandatory for foreign branches




eu_non_mfi_head


This indicates that the head office is an EU resident and is not an MFI. This is comprised of two parts: “non_mfi_id” (country of registration and identification code) and “name” (name of the head office). The identification code of the non-MFI can be either “OFI” (other financial institution) or a two-character ISO country code followed by a suffix referring to the appropriate sectoral classification of the ESA 95.


Mandatory for foreign branches




eu_mfi_head


This indicates that the head office is an EU resident and an MFI. The value for this variable is comprised of “mfi_id”.


Mandatory for foreign branches




sub-merger


This is used to report institutions sharing the same “date” of legal effect of merger activity, and is composed of four parts: “date”, “comment”, “involved_mfi” and “involved_non_mfi”.


Mandatory for mergers




involved_mfi


This specifies that an MFI is involved in a cross-border merger. The value for this variable is comprised of “mfi_ref”.


Mandatory for cross-border mergers




involved_non_mfi


This specifies that a non-MFI is involved in the merger. The value for this variable is comprised of “non_mfi_obj”.


Mandatory for mergers




mfi_ref


This specifies details of an MFI involved in a cross-border merger, and is composed of two parts: “mfi_id” and “name”.


Mandatory for cross-border mergers




non_mfi_obj


This specifies details of a non-MFI involved in a merger with an MFI, and is composed of two parts: “non_mfi_id” and “name”.


Mandatory for mergers




non_mfi_id


This specifies details of a non-MFI involved in a merger with an MFI, and is comprised of two parts: “host” and “id”.


Mandatory for mergers














(b)


Part 2 is deleted.






5.   
Annex VII is amended as follows:






(a)


Part 1 is replaced by the following:

                                       ‘
                                       PART 1


Variables for reporting the list of investment funds for statistical purposes








Variable name


Variable description


Status




object_request


This variable specifies the type of investment fund (IF) update sent and may have one of eight predefined values:
“if_req_new”: information on a new IF
“if_req_mod”: information on modifications to an IF
“if_req_del”: information on an IF to be deleted
“if_req_merger”: information on institutions involved in a merger (*18)
“if_req_realloc”: reallocation of a deleted if_id to a new IF
“if_req_mod_id_realloc”: a change of the if_id of an IF to that of a deleted IF
“if_req_mod_id”: a change of “if_id”“if_req_nav”: information on the net asset value (NAV) per investment fund


Mandatory




If_confidentiality_flag


This variable indicates the confidentiality status of the entire record. One of three pre-defined values should be selected: “F” (free, not confidential), “N” (confidential; may be released for European System of Central Banks (ESCB) use only; not for external release) or “C” (confidential; not for release to the ESCB or the public)
If partial confidentiality of any one particular variable is required, the value “F” must be used


Mandatory




if_id


The primary key for the IF dataset specifying the unique IF’s identification code (hereinafter the “id code”), and is comprised of two parts: “host” and “id”. The values for the two parts combined ensure that the “if_id” is unique to that IF


Mandatory




host


The two-character country ISO code for the IF’s country of registration — one of two parts of the “if_id” variable — see above


Mandatory when part of id code




id


The IF’s id code — one of two parts of the “if_id” variable — see above


Mandatory when part of id code




name


The IF’s full registration name, including the company designation i.e. Plc, Ltd, SpA, etc.


Mandatory




address


The IF’s location details, or its management company where applicable composed of four parts: “postal_address”, “postal_box”, “postal_code” and “city”


Mandatory for “new” and “mod” requests




postal_address


The street name and the number of the building


Mandatory for “new” and “mod” requests




postal_box


The post office box number, using national box convention systems


Mandatory for “new” and “mod” requests




postal_code


The post code, using the national postal system conventions


Mandatory for “new” and “mod” requests




city


The city of location


Mandatory for “new” and “mod” requests




management company name


The full, registered name of the IF’s management company. If this information is missing, the value “not available” (where the IF has a management company) or “not applicable” (where the IF does not have a management company) must be reported


Mandatory




management company name_confidentiality_flag


This variable indicates the confidentiality status of the information on the management company name
One of three pre-defined values should be selected: “F” (free, not confidential), “N” (confidential; may be released for ESCB use only; not for external release) or “C” (confidential; not for release to the ESCB or to the public)


Mandatory




investment policy


The type of asset in which the investment portfolio is primarily invested. Seven pre-defined values are possible: “bonds”, “equities”, “hedge”, “mixed”, “real estate”, “other” or “not available”


 




investment policy_confidentiality_flag


This variable indicates the confidentiality status of the information on the investment policy
One of three pre-defined values should be selected: “F” (free, not confidential), “N” (confidential; may be released for ESCB use only; not for external release) or “C” (confidential; not for release to the ESCB or to the public)


Mandatory




variability of the capital


This variable specifies the legal form which the IF can take, and can have one of three predefined values: “open-end” or “closed-end” or “not available”


Mandatory




variability of the capital_confidentiality_flag


This variable indicates the confidentiality status of the information on the variability of capital
One of three pre-defined values should be selected: “F” (free, not confidential), “N” (confidential; may be released for ESCB use only; not for external release) or “C” (confidential; not for release to the ESCB or to the public)


Mandatory




structure_1


This variable specifies the IF structure and can have one of three predefined values: “UCITS” (*19) or “non-UCITS” or “not available”


Mandatory




structure_1_confidentiality_flag


This variable indicates the confidentiality status of the information on the variable structure_1
One of three pre-defined values should be selected: “F” (free, not confidential), “N” (confidential; may be released for ESCB use only; not for external release) or “C” (confidential; not for release to the ESCB or to the public)


Mandatory




structure_2


More detailed information on the investment fund structure with one of 11 predefined values. Refer to Part 2 below


Mandatory




structure_2_confidentiality_flag


This variable indicates the confidentiality status of the information on the variable structure_2
One of three pre-defined values should be selected: “F” (free, not confidential), “N” (confidential; may be released for ESCB use only; not for external release) or “C” (confidential; not for release to the ESCB or to the public)


Mandatory




sub-fund


This variable specifies whether the investment fund is a sub-fund or otherwise and can have one of four predefined values: “yes” or “no” or “not available” or “not applicable”


Mandatory




sub-fund_confidentiality_flag


This variable indicates the confidentiality status of the information on the variable sub-fund
One of three pre-defined values should be selected: “F” (free, not confidential), “N” (confidential; may be released for ESCB use only; not for external release) or “C” (confidential; not for release to the ESCB or to the public)


Mandatory




ISIN codes


This variable specifies the ISIN (*20) codes for each share class per investment fund. The variable is composed of several parts including reference to: “ISIN_1”, “ISIN_2”, “ISIN_3”, “ISIN_4” and “ISIN_n”. All applicable ISIN codes per investment fund must be reported. If reporting an IF for which ISIN codes are not applicable, the 12 characters term “XXXXXXXXXXXX” must be reported for “ISIN_1”


Mandatory




If_req_nav


This variable specifies that information on the net asset value of the investment fund is being sent. It is composed of two parts: “if_nav_value” and “if_nav_date”. If this information is missing, the value “not available” must be reported


Mandatory on an annual basis




nav_confidentiality_flag


This variable indicates the confidentiality status of the information on the net-asset value
One of three pre-defined values should be selected: “F” (free, not confidential), “N” (confidential; may be released for ESCB use only; not for external release) or “C” (confidential; not for release to the ESCB or to the public)


Mandatory




sub-merger


This variable is used to report institutions sharing the same “date” of legal effect of merger activity, and is composed of four parts: “date”, “comment”, “involved_if” and “involved_non_if”


Mandatory for mergers




involved_if


This variable specifies that an IF is involved in a cross-border merger. Value for this variable is comprised of “if_ref”


Mandatory for cross-border mergers




involved_non_if


This variable specifies that an entity which is not an IF is involved in the merger with an IF. Value for this variable is comprised of “non_if_obj”


Mandatory for mergers




if_ref


This variable specifies details of an IF involved in a cross-border merger, and is composed of two parts: “if_id” and “name”


Mandatory for cross-border mergers




non_if_obj


This variable specifies details of a entity which is not an IF involved in a merger with an IF, and is composed of two parts: “non_if_id” and “name”


Mandatory for mergers




non_if_id


This variable specifies details of an entity which is not an IF involved in a merger with an IF, and is comprised of two parts: “host” and “id”


Mandatory for mergers




free_text


Explanatory information on the investment fund


 














(b)


Part 3 is deleted.






6.   
Annex VIII is amended as follows:






(a)


In Part 1 the description of the variable ‘ISIN codes’ is replaced by the following:

                              ‘This variable specifies the ISIN (*21) codes of all securities issued by the FVC. The variable is composed of several parts including reference to: “ISIN_1”, “ISIN_2”, “ISIN_3”, “ISIN_4” and “ISIN_n”. As a minimum requirement, at least one ISIN code (ISIN_1) must be reported. If reporting an FVC for which ISIN codes are not applicable, or not available, the 12 characters term “XXXXXXXXXXXX” must be reported for “ISIN_1”.

(*21)  International Securities Identification Number: a code uniquely identifying a securities issue composed of 12 alphanumeric characters.’
                                 "
                        










(b)


Part 2 is deleted.







(*4)  
            OJ L 250, 2.10.2003, p. 10.’
         

(*5)  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.’
         

(*7)  ESA 95 category F.33.

(*8)  ESA 95 category F.511.

(*9)  Block A for NCBs and Block B for the BIS.’
         

(*12)  End of period.’
         

(*13)  
            OJ L 237, 8.9.2007, p. 1.

(*14)  
            OJ L 18, 23.1.2006, p. 1.’
         

(*16)  Write-offs/write-downs on loans for which the MFI acts as a servicer may occur because the loans are still subject to on-balance sheet recording, either on the individual accounts of the MFI or at group level, and the servicing data reported to the NCB is sourced from these. They may also occur when the servicer must state a reduced principal loan balance for impaired loans in order to be in compliance with the investor agreements.’
         

(*21)  International Securities Identification Number: a code uniquely identifying a securities issue composed of 12 alphanumeric characters.’
         ’


(*1)  Reclassification adjustments are to be transmitted to the ECB for all cells; revaluation adjustments only for cells marked with a #.

(*2)  Only reclassification adjustments are to be transmitted to the ECB in respect of this table.

(*3)  Reclassification adjustments only apply in respect of cells 568 to 613; write-down adjustments apply throughout.’
         

(1)  Central counterparties.

(2)  Sole proprietors/unincorporated partnerships.

(3)  Sole proprietors/unincorporated partnerships.

(*6)  
            “Other currencies” refers to all other currencies, including the national currencies of non-participating Member States.’
         

(*10)  An annualised agreed rate (AAR) or narrowly defined effective rate (NDER) is reported for the categories included in Table. The reporting of the AAR/NDER is accompanied by the related new business volumes if indicated in the Table by the word “amount”.
However, in the case of revolving loans and overdrafts and convenience and extended credit card debt, the concept of new business volumes is equivalent to outstanding amounts.
Indicators 24 to 29 are calculated on the basis of items 37 to 54 in Appendix 2 of Annex II to Regulation (EC) No 63/2002 (ECB/2001/18). Interest rates are calculated as weighted averages of the corresponding items in Appendix 2 of Annex II to Regulation (EC) No 63/2002 (ECB/2001/18) while new business volumes should be sum of the corresponding items in Appendix 2 of Annex II to Regulation (EC) No 63/2002 (ECB/2001/18).

(*11)  An annualised agreed rate (AAR) or narrowly defined effective rate (NDER) is reported for the categories included in the Table. The reporting of the AAR/NDER is accompanied by the related new business volumes if indicated in the Table by the word “amount”.
However, in the case of revolving loans and overdrafts and convenience and extended credit card debt, the concept of new business volumes is equivalent to outstanding amounts.
Indicators 86 and 87 are calculated on the basis of items 12, 23, 32 and 36 in Appendix 2 of Annex II to Regulation (EC) No 63/2002 (ECB/2001/18), and the outstanding amounts reported for convenience and extended credit card credit and revolving loans and overdrafts in accordance with Regulation (EC) No 25/2009 (ECB/2008/32). Interest rates are calculated as weighted averages of the corresponding items in Appendix 2 of Annex II to Regulation (EC) No 63/2002 (ECB/2001/18), taking a zero interest rate for convenience credit card credit. Indicators 86 and 87 are intended to provide continuity with the indicators 12 and 23 (overdrafts) as previously defined in Regulation (EC) No 63/2002 (ECB/2001/18), i.e. prior to their amendment by Regulation (EC) No 290/2009 (ECB/2009/7).’
         

(4)  As from June 2010 end-month reference period (2011 data submission).

(5)  Total value of credit extended by the central bank to credit institutions and reimbursed within a period of less than one business day. This is the average of the daily maximum value of simultaneous and actual intraday overdraft positions or drawings on intraday credit facilities during the day for all credit institutions taken together. All days in the maintenance period, including weekends and bank holidays, are considered in the average.

(6)  If a non-MFI maintains several accounts, each account is counted separately.

(7)  As from 2010 end-year reference period (2011 data submission).

(8)  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.

(9)  As from Q2 2010 end-quarter data reference period (2011 data submission).

(*17)  Unless explicitly stated otherwise, the term “mergers” refers to domestic mergers.’
         

(*18)  Unless explicitly stated otherwise, the term “mergers” refers to domestic mergers.

(*19)  Council Directive 85/611/EEC of 20 December 1985 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS) (OJ L 375, 31.12.1985, p. 3).

(*20)  International securities identification number: a code uniquely identifying a securities issue, composed of 12 alphanumeric characters.’