(a) "monetary financial institution" (MFI) means a resident undertaking that belongs to any of the following sectors: 1. central banks; and 2. other MFIs, which comprise (a) deposit-taking corporations: (i) credit institutions as defined in Article 4(1)(1) of Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firmsOJ L 176, 27.6.2013, p. 1 .(ii) deposit-taking corporations other than credit institutions which are: other financial institutions which are principally engaged in financial intermediation and whose business is to receive deposits and/or close substitutes for deposits from institutional units, not only from MFIs (the degree of substitutability between the instruments issued by other MFIs and the deposits placed with credit institutions shall determine their classification as MFIs); and for their own account, at least in economic terms, to grant loans and/or make investments in securities, or electronic money institutions that are principally engaged in financial intermediation in the form of issuing electronic money; or
(b) money market funds (MMFs) pursuant to Article 2;
(b) "reporting agent" and "resident" have the same meaning as defined in Article 1 of Regulation (EC) No 2533/98; (c) "relevant NCB" means the NCB of the euro area Member State in which the MFI is resident; (d) "financial vehicle corporation (FVC)" has the same meaning as defined in Article 1 of Regulation (EU) No 1075/2013 (ECB/2013/40); (e) "securitisation" means a transaction that is either: (a) a traditional securitisation as defined in Article 4 of Regulation (EU) No 575/2013; and/or (b) a securitisation as defined in Article 1 of Regulation (EU) No 1075/2013 (ECB/2013/40), which involves the disposal of the loans being securitised to an FVC; (f) "electronic money institution" and "electronic money" have the same meaning as defined in Article 2(1) and (2) of Directive 2009/110/EC of the European Parliament and of the Council OJ L 267, 10.10.2009, p. 7 .(g) "write-down" means the direct reduction of the carrying amount of a loan on the balance sheet due to its impairment; (h) "write-off" means a write-down of the full carrying amount of a loan leading to its removal from the balance sheet; (i) "servicer" means an MFI which manages loans underlying a securitisation or loans that have otherwise been transferred in terms of the collection of principal and interest from the obligors; (j) "loan disposal" means the economic transfer of a loan or pool of loans by the reporting agent to a transferee, achieved either by transfer of ownership or by sub-participation; (k) "loan acquisition" means the economic transfer of a loan or pool of loans from a transferor to the reporting agent, achieved either by transfer of ownership or by sub-participation; (l) "intra-group positions" mean positions between euro area deposit-taking corporations that belong to the same group, consisting of a parent and all its directly or indirectly controlled euro area resident group-members; (m) "tail institution" means a small MFI that has been granted a derogation pursuant to Article 9(1); (n) "derecognition" means the removal of a loan or part thereof from the stocks reported in accordance with Parts 2 and 3 of Annex I, including its removal due to the application of a derogation referred to in Article 9(4).
Regulation (EU) No 1071/2013 of the European Central Bank of 24 September 2013 concerning the balance sheet of the monetary financial institutions sector (recast) (ECB/2013/33)
Modified by
- Regulation (EU) No 1375/2014 of the European Central Bankof 10 December 2014amending Regulation (EU) No 1071/2013 concerning the balance sheet of the monetary financial institutions sector (ECB/2013/33)(ECB/2014/51), 32014R1375, December 20, 2014
Corrected by
- Corrigendum to Regulation (EU) No 1071/2013 of the European Central Bank of 24 September 2013 concerning the balance sheet of the monetary financial institutions sector (ECB/2013/33), 32013R1071R(01), November 29, 2013
(a) pursue the investment objective of maintaining a fund’s principal and providing a return in line with the interest rates of money market instruments; (b) invest in money market instruments which comply with the criteria for money market instruments set out in Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS)OJ L 302, 17.11.2009, p. 32 .(c) ensure that the money market instruments they invest in are of high quality, as determined by the management company. The quality of a money market instrument shall be considered, inter alia, on the basis of the following factors: (i) the credit quality of the money market instrument; (ii) the nature of the asset class represented by the money market instrument; (iii) for structured financial instruments, the operational and counterparty risk inherent within the structured financial transaction; (iv) the liquidity profile;
(d) ensure that their portfolio has a weighted average maturity (WAM) of no more than six months and a weighted average life (WAL) of no more than 12 months (in accordance with Annex I, Part 1, Section 2); (e) provide daily net asset value (NAV) and a price calculation of their shares/units, and daily subscription and redemption of shares/units; (f) limit investment in securities to those with a residual maturity until the legal redemption date of less than or equal to two years, provided that the time remaining until the next interest rate reset date is less than or equal to 397 days whereby floating rate securities should reset to a money market rate or index; (g) limit investment in other collective investment undertakings to those complying with the definition of MMFs; (h) do not take direct or indirect exposure to equity or commodities, including via derivatives and only use derivatives in line with the money market investment strategy of the fund. Derivatives which give exposure to foreign exchange may only be used for hedging purposes. Investment in non-base currency securities is allowed provided the currency exposure is fully hedged; (i) have either a constant or fluctuating NAV.
(a) the net flow of loan securitisations and other loan transfers carried out during the reporting period, in accordance with Section 2 of Part 5 of Annex I; (b) the end-of-period amount outstanding and financial transactions excluding loan disposals and acquisitions during the relevant period in respect of securitised and derecognised loans for which the MFI acts as servicer in accordance with Section 3 of Part 5 of Annex I. NCBs may extend such reporting requirements to all derecognised loans serviced by MFIs that have been securitised or otherwise transferred; (c) the end-of-quarter amount outstanding in respect of all loans for which the MFI acts as servicer in a securitisation, in accordance with Section 4 of Part 5 of Annex I; (d) when applying the International Accounting Standard 39 (IAS 39), the International Financial Reporting Standard 9 (IFRS 9) or similar national accounting rules, the end-of-period amount outstanding in respect of loans disposed of by means of a securitisation that has not been derecognised from the balance sheet, in accordance with Section 5 of Part 5 of Annex I.
(a) NCBs may grant derogations to small MFIs, provided that their combined contribution to the national MFI balance sheet in terms of stocks does not exceed 5 %; (b) with regard to credit institutions, the derogations referred to in point (a) shall have the effect of reducing the statistical reporting requirements of credit institutions to which such derogations apply without prejudice to the requirements for the calculation of minimum reserves as set out in Annex III; (c) with regard to small MFIs, where a derogation referred to in point (a) applies, NCBs shall continue, as a minimum, to collect data relating to the total balance sheet at least at an annual frequency so that the combined contribution to the national MFI balance sheet of the tail institutions can be monitored; (d) without prejudice to point (a), NCBs may grant derogations to credit institutions that do not benefit from the regime laid down in points (a) and (b) with the effect of reducing their reporting requirements to those laid down in Part 6 of Annex I, provided that their combined contribution to the national MFI balance sheet in terms of stocks exceeds neither 10 % of the national MFI balance sheet nor 1 % of the euro area MFI balance sheet; (e) NCBs shall check the fulfilment of the conditions set out in points (a) and (d) in good time in order to grant or withdraw, if necessary, any derogation with effect from the start of each year; (f) small MFIs may choose not to make use of the derogations and to fulfil the full reporting requirements instead.
(a) NCBs may grant derogations to MMFs from the statistical reporting requirements set out in Article 5(1) provided that MMFs instead report balance sheet data in accordance with Article 5 of Regulation (EU) No 1073/2013 (ECB/2013/38), subject to the following requirements: (i) MMFs report such data on a monthly basis in accordance with the "combined approach" set out in Annex I to Regulation (EU) No 1073/2013 (ECB/2013/38) and in accordance with the timeliness requirements set out in Article 9 thereof; and (ii) MMFs report end-of-month stock data on MMF shares/units in accordance with the timeliness requirements set out in Article 7(2);
(b) NCBs may also grant derogations to MMFs from the following statistical reporting requirements: (i) to provide the total positions for: (1) deposits of and loans granted to central banks and deposit-taking corporations; (2) deposits of and loans granted to all counterpart sectors apart from the non-financial corporations sector broken down by original maturity; and (3) intra-euro area cross-border deposits and loans broken down by country and by sector; (ii) to provide the total accrued interest for loans and deposits; (iii) to provide asset and liabilities positions vis-à-vis the insurance corporations and the pension funds sectors separately; (iv) to provide information on intra-group positions, loans and deposits;
(c) NCBs may grant derogations in respect of the statistical reporting requirements as regards the residency of the holders of MMF shares/units: (i) where MMF shares/units are issued for the first time or where market developments require a change of a reporting option or the combination thereof, as defined in Section 5.7(b) of Part 2 of Annex I, NCBs may grant derogations, for a period of one year, in respect of the statistical reporting requirements set out in Section 5.7 of Part 2 of Annex I; or (ii) where the required statistical information on the residency of the holders of MMF shares/units is collected from other available sources in accordance with Section 5.7 of Part 2 of Annex I. NCBs shall check the fulfilment of this condition in good time in order to grant or withdraw, if necessary, any derogation with effect from the start of each year, in agreement with the ECB.
(a) without prejudice to paragraph 1, NCBs may grant derogations in respect of the reporting of revaluation adjustments to MMFs, removing from the MMFs any requirement to report revaluation adjustments; (b) NCBs may grant derogations in respect of the frequency and timeliness of the reporting of price revaluations of securities and require these data on a quarterly basis and with the same timeliness as for stock data reported on a quarterly basis, subject to the following requirements: (i) reporting agents, using different valuation methods, shall provide the NCBs with the relevant information on valuation practices, including quantitative indications on the percentage of their holdings of these instruments; and (ii) where a substantial price revaluation has occurred, NCBs shall be entitled to request reporting agents to provide additional information relating to the month in which this took place;
(c) NCBs may grant derogations in respect of the reporting of price revaluations of securities, including the granting of complete exemption from any such reporting, to credit institutions which report the monthly stocks of securities on a security-by-security basis, subject to the following requirements: (i) the information reported includes, for each security, its carrying value on the balance sheet; and (ii) for securities without publicly available identification codes, the information reported includes information on the instrument category, maturity and issuer which is at least sufficient for the derivation of the breakdowns defined as "minimum requirements" in Part 5 of Annex I.
(a) a list of MFIs for statistical purposes (see Part 1 for identification of certain MFIs); and (b) a specification of the statistical information reported by these MFIs at monthly, quarterly and annual frequency (see Parts 2, 3, 4, 5, 6 and 7).
(a) transferability refers to the possibility of mobilising funds placed in a financial instrument by using payment facilities, such as cheques, transfer orders, direct debits or similar means; (b) convertibility refers to the possibility and the cost of converting financial instruments into currency or transferable deposits; the loss of fiscal advantages in the case of such conversion may be considered a penalty that reduces the degree of liquidity; (c) certainty means knowing precisely in advance the capital value of a financial instrument in terms of national currency; (d) securities quoted and traded regularly on an organised market are considered to be marketable. For shares in open-end collective investment undertakings, there is no market in the usual sense. Nevertheless, investors know the daily quotation of the shares and can withdraw funds at this price.
(a) the money market instrument shall be considered to be of a high credit quality, if it has been awarded one of the two highest available short-term credit ratings by each recognised credit rating agency that has rated the instrument or, if the instrument is not rated, it is of an equivalent quality as determined by the management company’s internal rating process. Where a recognised credit rating agency divides its highest short-term rating into two categories, these two ratings shall be considered as a single category and therefore the highest rating available; (b) the money market fund may, as an exception to the requirement in point (a), hold sovereign issuance of at least investment grade quality, whereby "sovereign issuance" means money market instruments issued or guaranteed by a central, regional or local authority or central bank of a Member State, the ECB, the Union or the European Investment Bank; (c) when calculating WAL for securities, including structured financial instruments, the maturity calculation is based on the residual maturity until the legal redemption of the instruments. However, when a financial instrument embeds a put option, the exercise date of the put option may be used instead of the legal residual maturity only if the following conditions are fulfilled at all times: (i) the put option may be freely exercised by the management company at its exercise date; (ii) the strike price of the put option remains close to the expected value of the instrument at the next exercise date; (iii) the investment strategy of the MMF implies that there is a high probability that the option will be exercised at the next exercise date;
(d) when calculating both WAL and WAM, the impact of financial derivative instruments, deposits and efficient portfolio management techniques shall be taken into account; (e) "weighted average maturity" (WAM) shall mean a measure of the average length of time to maturity of all of the underlying securities in the fund weighted to reflect the relative holdings in each instrument, assuming that the maturity of a floating rate instrument is the time remaining until the next interest rate reset to the money market rate, rather than the time remaining before the principal value of the security must be repaid. In practice, WAM is used to measure the sensitivity of a MMF to changing money market interest rates; (f) "weighted average life" (WAL) shall mean the weighted average of the remaining maturity of each security held in a fund, meaning the time until the principal is repaid in full, disregarding interest and not discounting. Contrary to the calculation of the WAM, the calculation of the WAL for floating rate securities and structured financial instruments does not permit the use of interest rate reset dates and instead only uses a security’s stated final maturity. WAL is used to measure the credit risk, as the longer the reimbursement of principal is postponed, the higher the credit risk. WAL is also used to limit the liquidity risk; (g) "money market instruments" means instruments normally traded on the money market which are liquid and have a value which can be accurately determined at any time; (h) "management company" means a company, the regular business of which is the management of the portfolio of an MMF.
(a) As regards MMF shares/units for which, in accordance with national legislation, a record is kept identifying the holders thereof, including information on the residency of the holders, issuing MMFs or the persons legally representing them report data on the residency breakdown of the holders of their shares/units issued in the monthly balance sheet. (b) As regards MMF shares/units for which no record is kept identifying the holders thereof, in accordance with national legislation, or for which a record is kept but it does not contain information on the residency of the holders, reporting agents report data on the residency breakdown in accordance with the approach decided by the relevant NCB in agreement with the ECB. This requirement is limited to one or a combination of the following options, to be selected having regard to the organisation of the relevant markets and the national legal arrangements in the Member State in question. This requirement will be periodically monitored by the NCB. (i) Issuing MMFs: Issuing MMFs or the persons legally representing them report data on the residency breakdown of the holders of their shares/units issued. Such information may come from the agent distributing the shares/units or from any other entity involved in the issue, buy-back or transfer of the shares/units. (ii) MFIs and OFIs as custodians of MMF shares/units: As reporting agents, MFIs and OFIs acting as custodians of MMF shares/units report data on the residency breakdown of the holders of shares/units issued by resident MMFs and held in custody on behalf of the holder or of another intermediary also acting as a custodian. This option is applicable if: (i) the custodian distinguishes MMF shares/units kept in custody on behalf of holders from those kept on behalf of other custodians; and (ii) most of the MMF shares/units are in the custody of domestic resident institutions that are classified as financial intermediaries (MFIs or OFIs). (iii) MFIs and OFIs as reporters of transactions of residents with non-residents involving shares/units of a resident MMF: As reporting agents, MFIs and OFIs acting as reporters of transactions of residents with non-residents involving shares/units of a resident MMF report data on the residency breakdown of the holders of shares/units issued by resident MMFs, which they trade on behalf of the holder or another intermediary also involved in the transaction. This option is applicable if: (i) the reporting coverage is comprehensive, i.e. it covers substantially all of the transactions carried out by the reporting agents; (ii) accurate data on purchases and sales with non-residents of the euro area are provided; (iii) differences between issuing value and redemption value, excluding fees, of the same shares/units are minimal; (iv) the amount of shares/units held by non-residents of the euro area issued by resident MMFs is low. (iv) If options (i) to (ii) do not apply, the reporting agents, including MFIs and OFIs, report the relevant data on the basis of available information.
| MFIs | Non-MFIs | MFIs | Non-MFIs | Banks | Non-Banks | |||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| of which: Central Bank (S1.121) | of which: Deposit-taking corporations except the central bank (S1.122) | of which: credit institutions subject to RRs, ECB and NCBs | General government (S.13) | Other resident sectors | of which: Central Bank (S1.121) | of which: Deposit-taking corporations except the central bank (S1.122) | of which: credit institutions subject to RRs, ECB and NCBs | General government (S.13) | Other resident sectors | |||||||||||||||||||||||||||||
| of which: Credit institutions | Central Government (S. 1311) | Other general government | Total | Non-MMF investment funds (S.124) | Other financial intermediaries + financial auxiliaries + captive financial institutions and money lenders (S.125+S.126+S.127) | Insurance corporations (S.128) | Pension funds (S.129) | Non-financial corporations (S.11) | Households + non-profit institutions serving households (S.14+S.15) | of which: Credit institutions | Central Government (S. 1311) | Other general government | Total | Non-MMF investment funds (S.124) | Other financial intermediaries + financial auxiliaries + captive financial institutions and money lenders (S.125+S.126+S.127) | Insurance corporations (S.128) | Pension funds (S.129) | Non-financial corporations (S.11) | Households + non-profit institutions serving households (S.14+S.15) | |||||||||||||||||||
| of which: CCP | of which: FVCs | of which: CCP | of which: FVCs | |||||||||||||||||||||||||||||||||||
| (a) | (b) | (c) | (d) | (e) | (f) | (g) | (h) | (i) | (j) | (k) | (l) | |||||||||||||||||||||||||||
| * | * | * | * | * | * | * | ||||||||||||||||||||||||||||||||
| up to 1 year | ||||||||||||||||||||||||||||||||||||||
| over 1 year | ||||||||||||||||||||||||||||||||||||||
| of which: intra-group positions | ||||||||||||||||||||||||||||||||||||||
| of which: Transferable deposits | ||||||||||||||||||||||||||||||||||||||
| of which: up to 2 years | ||||||||||||||||||||||||||||||||||||||
| of which: syndicated loans | ||||||||||||||||||||||||||||||||||||||
| * | * | * | * | |||||||||||||||||||||||||||||||||||
| * | * | * | * | |||||||||||||||||||||||||||||||||||
| of which: Transferable deposit | ||||||||||||||||||||||||||||||||||||||
| up to 1 year | * | * | * | * | ||||||||||||||||||||||||||||||||||
| over 1 and up to 2 years | * | * | * | * | ||||||||||||||||||||||||||||||||||
| over 2 years | * | * | * | * | * | * | * | * | * | * | * | |||||||||||||||||||||||||||
| up to 3 months | * | * | * | * | ||||||||||||||||||||||||||||||||||
| over 3 months | * | * | * | * | ||||||||||||||||||||||||||||||||||
| of which: over 2 years | * | * | * | * | * | * | * | * | * | * | * | |||||||||||||||||||||||||||
| * | * | * | * | * | * | * | * | * | * | * | ||||||||||||||||||||||||||||
| * | * | * | * | |||||||||||||||||||||||||||||||||||
| up to 1 year | * | * | * | * | ||||||||||||||||||||||||||||||||||
| over 1 and up to 2 years | * | * | * | * | ||||||||||||||||||||||||||||||||||
| over 2 years | * | * | * | * | * | * | * | * | * | * | * | |||||||||||||||||||||||||||
| up to 3 months | * | * | * | * | ||||||||||||||||||||||||||||||||||
| over 3 months | * | * | * | * | ||||||||||||||||||||||||||||||||||
| of which: over 2 years | * | * | * | * | * | * | * | * | * | * | * | |||||||||||||||||||||||||||
| * | * | * | * | * | * | * | * | * | * | * | ||||||||||||||||||||||||||||
| up to 1 year | * | |||||||||||||||||||||||||||||||||||||
| over 1 and up to 2 years | * | |||||||||||||||||||||||||||||||||||||
| of which: up to 2 years and nominal capital guarantee below 100% | ||||||||||||||||||||||||||||||||||||||
| over 2 years | * | |||||||||||||||||||||||||||||||||||||
| up to 1 year | * | |||||||||||||||||||||||||||||||||||||
| over 1 and up to 2 years | * | |||||||||||||||||||||||||||||||||||||
| of which: up to 2 years and nominal capital guarantee below 100% | ||||||||||||||||||||||||||||||||||||||
| over 2 years | * | |||||||||||||||||||||||||||||||||||||
| MFIs | Non-MFIs | MFIs | Non-MFIs | |||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| of which: Central Bank (S.121) | of which: Deposit-taking corporations except the central bank (S.122) | General government (S.13) | Other resident sectors | of which: Central Bank (S. 121) | of which: Deposit-taking corporations except the central bank (S. 122) | General government (S. 13) | Other resident sectors | |||||||||||||||||||||||||||||
| Total | Non-MMF investment funds (S.124) | Other financial intermediaries + financial auxiliaries + captive financial institutions and money lenders (S.125+S.126+S.127) | Insurance corporations (S.128) | Pension funds (S.129) | Non-financial corporations (S.11) | Households + non-profit institutions serving households (S.14+S.15) | Total | Non-MMF investment funds (S. 124) | Other financial intermediaries + financial auxiliaries + captive financial institutions and money lenders (S.125+S.126+S.127) | Insurance corporations (S. 128) | Pension funds (S. 129) | Non-financial corporations (S. 11) | Households + non-profit institutions serving households (S. 14+S. 15) | |||||||||||||||||||||||
| of which: CCP | of which: FVCs | Total | Credit for consumption | Lending for house purchase | Other lending | of which: CCP | of which: FVCs | Total | Credit for consumption | Lending for house purchase | Other lending | |||||||||||||||||||||||||
| of which: SP/P | of which: SP/P | |||||||||||||||||||||||||||||||||||
| up to 1 year | ||||||||||||||||||||||||||||||||||||
| over 1 year and up to 5 years | ||||||||||||||||||||||||||||||||||||
| over 5 years | ||||||||||||||||||||||||||||||||||||
| of which: intra-group positions | ||||||||||||||||||||||||||||||||||||
| of which: syndicated loans | ||||||||||||||||||||||||||||||||||||
| of which: reverse repos | ||||||||||||||||||||||||||||||||||||
| of which: revolving loans and overdrafts | ||||||||||||||||||||||||||||||||||||
| of which: convenience credit card credit | ||||||||||||||||||||||||||||||||||||
| of which: extended credit card credit | ||||||||||||||||||||||||||||||||||||
| up to 1 year | ||||||||||||||||||||||||||||||||||||
| over 1 and up to 2 years | ||||||||||||||||||||||||||||||||||||
| over 2 years | ||||||||||||||||||||||||||||||||||||
| up to 1 year | ||||||||||||||||||||||||||||||||||||
| over 1 and up to 2 years | ||||||||||||||||||||||||||||||||||||
| over 2 years | ||||||||||||||||||||||||||||||||||||
| MMF shares/units | ||||||||||||||||||||||||||||||||||||
| Non-MMF investment fund shares/units | ||||||||||||||||||||||||||||||||||||
1. Subsector, maturity and real estate collateral breakdown of credit to euro area non-MFIs (see Table 2). This is required to enable the monitoring of the complete subsector and maturity structure of MFIs’ overall credit financing (loans and securities) vis-à-vis the money-holding sector. For non-financial corporations and households, further "of which" positions are required identifying the loans secured with real estate collateral. For loans denominated in euro with original maturity over one and over two years vis-à-vis non-financial corporations and households, further "of which" positions are required for certain remaining maturities and interest rate reset periods (see Table 2). An interest rate reset is understood as a change in the interest rate of a loan which is provided for in the current loan contract. Loans subject to interest rate reset include, inter alia, loans with interest rates which are periodically revised in accordance with the evolution of an index, e.g. Euribor, loans with interest rates which are revised on a continuous basis, i.e. floating rates, and loans with interest rates which are revisable at the MFI’s discretion. 2. Subsector breakdown of MFI deposit liabilities to the general government (other than central government) of the euro area Member States (see Table 2). This is required as complementary information to the monthly reporting. 3. Sector breakdown of positions with counterparties outside the euro area (see Table 2). The sector classification in accordance with the System of National Accounts (hereinafter the "SNA 2008") applies where the ESA 2010 is not in force. 4. Identification of on-balance sheet positions for derivatives and accrued interest on loans and deposits within the remaining assets and remaining liabilities (see Table 2). This breakdown is required for enhancing consistency among statistics. 5. Country breakdown, including positions vis-à-vis the European Investment Bank and the European Stability Mechanism (see Table 3). This breakdown is required to analyse further monetary developments and also for the purposes of the transitional requirements and for data quality checks. 6. Sector breakdown for intra-euro area cross border deposits from and loans to non-MFIs (see Table 3). This breakdown is required to assess the positions of the MFI sectors in individual Member States vis-à-vis the remaining euro area Member States. 7. Currency breakdown (see Table 4). This breakdown is required to permit the calculation of transactions for monetary aggregates and counterparts adjusted for exchange rate changes where these aggregates include all currencies combined.
| M | Monthly data requirements, see Table 1. |
| Other euro area Member State | Non-euro area Member State | Selected EU institutions | ||
|---|---|---|---|---|
| from MFIs | ||||
| from non-MFIs | ||||
| general government | ||||
| other financial intermediaries + financial auxiliaries + captive financial institutions and money lenders | ||||
| insurance corporations | ||||
| pension funds | ||||
| non-MMF investment funds | ||||
| non-financial corporations | ||||
| households + non-profit institutions serving households | ||||
| to MFIs | ||||
| to non-MFIs | ||||
| general government | ||||
| other financial intermediaries + financial auxiliaries + captive financial institutions and money lenders | ||||
| insurance corporations | ||||
| pension funds | ||||
| non-MMF investment funds | ||||
| non-financial corporations | ||||
| households + non-profit institutions serving households | ||||
| issued by MFIs | ||||
| up to 1 year | ||||
| over 1 year and up to 2 years | ||||
| over 2 years | ||||
| issued by non-MFIs | ||||
| MMF shares/units | ||||
| Non-MMF investment fund shares/units | ||||
| Monthly data requirements, see Table 1. |
| Quarterly data requirements, see Table 2. |
| MFIs | Non-MFIs | MFIs | Non-MFIs | Banks | Non-Banks | |||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| of which: Central Bank (S.121) | of which: Deposit-taking corporations except the central bank (S.122) | of which: credit institutions subject to RRs, ECB and NCBs | General government (S.13) | Other resident sectors | of which: Central Bank (S.121) | of which: Deposit-taking corporations except the central bank (S.122) | of which: credit institutions subject to RRs, ECB and NCBs | General government (S.13) | Other resident sectors | |||||||||||||||||||||||||||||
| of which: Credit institutions | Central Government (S.1311) | Other general government | Total | Non-MMF investment funds (S.124) | Other financial intermediaries + financial auxiliaries + captive financial institutions and money lenders (S.125+S.126+S.127) | Insurance corporations (S.128) | Pension funds (S.129) | Non-financial corporations (S.11) | Households + non-profit institutions serving households (S.14+S.15) | of which: Credit institutions | Central Government (S.1311) | Other general government | Total | Non-MMF investment funds (S.124) | Other financial intermediaries + financial auxiliaries + captive financial institutions and money lenders (S.125+S.126+S.127) | Insurance corporations (S.128) | Pension funds (S.129) | Non-financial corporations (S.11) | Households + non-profit institutions serving households (S.14+S.15) | |||||||||||||||||||
| of which: CCP | of which: FVCs | of which: CCP | of which: FVCs | |||||||||||||||||||||||||||||||||||
| (a) | (b) | (c) | (d) | (e) | (f) | (g) | (h) | (i) | (j) | (k) | (l) | |||||||||||||||||||||||||||
| up to 1 year | ||||||||||||||||||||||||||||||||||||||
| over 1 year | ||||||||||||||||||||||||||||||||||||||
| of which: intra-group positions | ||||||||||||||||||||||||||||||||||||||
| of which: Transferable deposits | ||||||||||||||||||||||||||||||||||||||
| of which: up to 2 years | ||||||||||||||||||||||||||||||||||||||
| of which: syndicated loans | ||||||||||||||||||||||||||||||||||||||
| of which: Transferable deposits | ||||||||||||||||||||||||||||||||||||||
| up to 1 year | ||||||||||||||||||||||||||||||||||||||
| over 1 and up to 2 years | ||||||||||||||||||||||||||||||||||||||
| over 2 years | ||||||||||||||||||||||||||||||||||||||
| up to 3 months | ||||||||||||||||||||||||||||||||||||||
| over 3 months | ||||||||||||||||||||||||||||||||||||||
| of which: over 2 years | ||||||||||||||||||||||||||||||||||||||
| up to 1 year | ||||||||||||||||||||||||||||||||||||||
| over 1 and up to 2 years | ||||||||||||||||||||||||||||||||||||||
| over 2 years | ||||||||||||||||||||||||||||||||||||||
| up to 3 months | ||||||||||||||||||||||||||||||||||||||
| over 3 months | ||||||||||||||||||||||||||||||||||||||
| of which: over 2 years | ||||||||||||||||||||||||||||||||||||||
| * | * | * | * MINIMUM | |||||||||||||||||||||||||||||||||||
| up to 1 year | * | |||||||||||||||||||||||||||||||||||||
| over 1 and up to 2 years | * | |||||||||||||||||||||||||||||||||||||
| of which: up to 2 years and nominal capital guarantee below 100% | * | |||||||||||||||||||||||||||||||||||||
| over 2 years | * | |||||||||||||||||||||||||||||||||||||
| up to 1 year | * | |||||||||||||||||||||||||||||||||||||
| over 1 and up to 2 years | * | |||||||||||||||||||||||||||||||||||||
| of which: up to 2 years and nominal capital guarantee below 100% | * | |||||||||||||||||||||||||||||||||||||
| over 2 years | * | |||||||||||||||||||||||||||||||||||||
| BALANCE SHEET ITEMS | ||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MFIs | Non-MFIs | MFIs | Non-MFIs | |||||||||||||||||||||||||||||||||
| of which: Central Bank (S.121) | of which: Deposit-taking corporations except the central bank (S.122) | General government (S.13) | Other resident sectors | of which: Central Bank (S.121) | of which: Deposit-taking corporations except the central bank (S.122) | General government (S.13) | Other resident sectors | |||||||||||||||||||||||||||||
| Total | Non-MMF investment funds (S.124) | Other financial intermediaries + financial auxiliaries + captive financial institutions and money lenders (S.125+S.126+S.127) | Insurance corporations (S.128) | Pension funds (S.129) | Non-financial corporations (S.11) | Households + non-profit institutions serving households (S.14+S.15) | Total | Non-MMF investment funds (S.124) | Other financial intermediaries + financial auxiliaries + captive financial institutions and money lenders (S.125+S.126+S.127) | Insurance corporations (S.128) | Pension funds (S.129) | Non-financial corporations (S.11) | Households + non-profit institutions serving households (S.14+S.15) | |||||||||||||||||||||||
| of which: CCP | of which: FVCs | Total | Credit for consumption | Lending for house purchase | Other lending | of which: CCP | of which: FVCs | Total | Credit for consumption | Lending for house purchase | Other lending | |||||||||||||||||||||||||
| of which: SP/P | of which: SP/P | |||||||||||||||||||||||||||||||||||
| MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | ||||||||||||
| up to 1 year | ||||||||||||||||||||||||||||||||||||
| over 1 year and up to 5 years | ||||||||||||||||||||||||||||||||||||
| over 5 years | ||||||||||||||||||||||||||||||||||||
| of which: intra-group positions | ||||||||||||||||||||||||||||||||||||
| of which: syndicated loans | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | ||||||||||||||||||||||||||||
| of which: reverse repos | ||||||||||||||||||||||||||||||||||||
| of which: revolving loans and overdrafts | ||||||||||||||||||||||||||||||||||||
| of which: convenience credit card credit | ||||||||||||||||||||||||||||||||||||
| of which: extended credit card credit | ||||||||||||||||||||||||||||||||||||
| MINIMUM | MINIMUM | MINIMUM | ||||||||||||||||||||||||||||||||||
| of which: over 2 years | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | |||||||||||||||||||||||||||||
| up to 1 year | ||||||||||||||||||||||||||||||||||||
| over 1 and up to 2 years | ||||||||||||||||||||||||||||||||||||
| over 2 years | ||||||||||||||||||||||||||||||||||||
| up to 1 year | ||||||||||||||||||||||||||||||||||||
| over 1 and up to 2 years | ||||||||||||||||||||||||||||||||||||
| over 2 years | ||||||||||||||||||||||||||||||||||||
| MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | ||||||||||||||||||||||||||||||||
| MMF shares/units | MINIMUM | MINIMUM | MINIMUM | |||||||||||||||||||||||||||||||||
| Non-MMF investment fund shares/units | MINIMUM | MINIMUM | MINIMUM | |||||||||||||||||||||||||||||||||
(a) disposals and acquisitions with an impact on the loan stocks reported in accordance with Parts 2 and 3 of Annex I, i.e., disposals resulting in derecognition and acquisitions resulting in recognition or re-recognition, are allocated to Part 1; and (b) disposals and acquisitions without an impact on the loan stocks reported in accordance with Parts 2 and 3 of Annex I, i.e., disposals not resulting in derecognition and acquisitions not resulting in recognition or re-recognition, are allocated to Part 2.
(a) end-of-period amounts outstanding; and (b) financial transactions excluding loan disposals and acquisitions during the relevant period, i.e. the change in the amounts outstanding which is attributable to loan principal repayments by borrowers.
| MFIs | Non-MFIs | MFIs | Non-MFIs | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | Non-MMF investment funds (S.124) | Other financial intermediaries + financial auxiliaries + captive financial institutions and money lenders (S.125+S.126+S.127) | Insurance corporations (S.128) | Pension funds (S.129) | Non-financial corporations (S.11) | Households + non-profit institutions serving households (S.14+S.15) | Total | Other general government (S.1312+S.1313+S.1314) | Total | Non-MMF investment funds (S.124) | Other financial intermediaries + financial auxiliaries + captive financial institutions and money lenders (S.125+S.126+S.127) | Insurance corporations (S.128) | Pension funds (S.129) | Non-financial corporations (S.11) | Households + non-profit institutions serving households (S.14+S.15) | ||||
| M | Monthly data requirements, see Table 5a. |
1. The breakdown by currency referred to in Section 4 of Part 2. 2. The separate identification of: (a) positions with central counterparties as referred to in Section 5.3 of Part 2; (b) syndicated loans as indicated in Table 1 of Part 2; (c) debt securities of up to two years’ maturity and nominal capital guarantee below 100 %, as indicated in Table 1 of Part 2.
3. The sector breakdown referred to in Section 3 of Part 3. 4. The country breakdown referred to in Section 4 of Part 3. 5. The currency breakdown referred to in Section 5 of Part 3.
| INSTRUMENT AND MATURITY CATEGORIES | |
|---|---|
| BALANCE SHEET ITEMS | |
| ASSETS | LIABILITIES |
|
|
| COUNTERPARTIES AND PURPOSE CATEGORIES | |
|---|---|
| ASSETS | LIABILITIES |
|
|
| CURRENCIES | |
(a) institutions incorporated and located in that territory, including subsidiaries Subsidiaries are separate incorporated entities in which another entity has a majority or full participation, whereas branches are unincorporated entities (without independent legal status) totally owned by the parent. (b) branches of institutions that have their head office outside that territory.
(a) If a parent company and its subsidiaries are MFIs located in the same Member State, the parent company is permitted to consolidate in its statistical returns the business of these subsidiaries, keeping however the business of credit institutions and other MFIs separate. (b) If an institution has branches located within the territory of the other euro area Member States, the registered or head office located in a given euro area Member State considers the positions towards all these branches as positions towards residents in the other euro area Member States. Conversely, a branch located in a given euro area Member State considers the positions towards the registered or head office or towards other branches of the same institution located within the territory of the other euro area Member States as positions towards residents in the other euro area Member States. (c) If an institution has branches located outside the territory of the euro area Member States, the registered or head office located in a given euro area Member State considers the positions towards all these branches as positions towards residents of the rest of the world. Conversely, a branch located in a given euro area Member State considers the positions towards the registered or head office or towards other branches of the same institution located outside the euro area Member States as positions towards residents of the rest of the world.
| Category | Description of main features |
|---|---|
| Holdings of euro and foreign banknotes and coins in circulation that are commonly used to make payments | |
| |
| |
| |
| Tangible or intangible assets other than financial assets. This item includes dwellings, other buildings and structures, machinery and equipment, valuables, and intellectual property products such as computer software and databases | |
|
| Category | Description of main features |
|---|---|
| The liability category "currency in circulation" is banknotes and coins in circulation that are issued or authorised by monetary authorities. This category includes banknotes issued by the ECB and the NCBs. Coins in circulation are not a liability of MFIs in the euro area Member States, but a liability of the central government. Nonetheless, coins are part of the monetary aggregates and are therefore entered under the category "currency in circulation". The counterpart to this liability is to be included within "remaining assets" | |
| |
| |
| Transferable deposits are those deposits within the category "overnight deposits" which are directly transferable on demand to make payments to other economic agents by commonly used means of payment, such as credit transfer and direct debit, possibly also by credit or debit card, e-money transactions, cheques, or similar means, without significant delay, restriction or penalty. Deposits that can only be used for cash withdrawal and/or deposits from which funds can only be withdrawn or transferred through another account of the same owner are not to be included as transferable deposits. | |
| Non-transferable deposits which cannot be converted into currency before an agreed fixed term or that can only be converted into currency before that agreed term provided that the holder is charged some kind of penalty. This item also includes administratively regulated savings deposits where the maturity related criterion is not relevant; these should be classified in the maturity band "over two years". Financial products with roll-over provisions must be classified according to the earliest maturity. Although deposits with agreed maturity may feature the possibility of earlier redemption after prior notification, or may be redeemable on demand subject to certain penalties, these features are not considered to be relevant for classification purposes | |
| |
| Non-transferable deposits without any agreed maturity which cannot be converted into currency without a period of prior notice; before the expiry the conversion into currency is not possible or possible only with a penalty. They include deposits which, although perhaps legally withdrawable on demand, would be subject to penalties and restrictions according to national practice (classified in the maturity band "up to and including three months"), and investment accounts without period of notice or agreed maturity, but which contain restrictive drawing provisions (classified in the maturity band "over three months") | |
| |
| |
| Shares or units issued by MMFs. See definition in Section 2 of Part 1 of Annex I. | |
| |
| |
| Hybrid instruments issued by MFIs of original maturity of up to two years and which at maturity may have a contractual redemption value in the issuing currency lower than the amount originally invested due to their combination of debt and derivative components. | |
| |
|
| Sector | Definition |
|---|---|
| MFIs | See Article 1 |
| General government | The general government sector (S.13) consists of institutional units, which are non-market producers whose output is intended for individual and collective consumption, and are financed by compulsory payments made by units belonging to other sectors, and institutional units principally engaged in the redistribution of national income and wealth (ESA 2010, paragraphs 2.111 to 2.113) |
| Central government | This subsector (S.1311) includes all administrative departments of the state and other central agencies whose competence extends normally over the whole economic territory, except for the administration of social security funds (ESA 2010, paragraph 2.114) |
| State government | This subsector (S.1312) consists of those types of public administration which are separate institutional units exercising some of the functions of government, except for the administration of social security funds, at a level below that of central government and above that of the governmental institutional units existing at local level (ESA 2010, paragraph 2.115) |
| Local government | This subsector (S.1313) includes those types of public administration whose competence extends to only a local part of the economic territory, apart from local agencies of social security funds (ESA 2010, paragraph 2.116) |
| Social security funds | The social security funds subsector (S.1314) includes central, state and local institutional units whose principal activity is to provide social benefits and which fulfil each of the following two criteria: (a) by law or by regulation certain groups of the population are obliged to participate in the scheme or to pay contributions; and (b) general government is responsible for the management of the institution in respect of the settlement or approval of the contributions and benefits independently from its role as supervisory body or employer (ESA 2010, paragraph 2.117) |
| Non-MMF investment funds | IFs as defined in Regulation (EU) No 1073/2013 (ECB/2013/38). The subsector consists of all collective investment undertakings, except MMFs, that invest in financial and/or non-financial assets, to the extent that the objective is investing capital raised from the public |
| Other financial intermediaries, except insurance corporations and pension funds + financial auxiliaries + captive financial institutions and money lenders | |
| Insurance corporations | The insurance corporations subsector (S. 128) consists of all financial corporations and quasi-corporations which are principally engaged in financial intermediation as a consequence of the pooling of risks mainly in the form of direct insurance or reinsurance (ESA 2010, paragraphs 2.100 to 2.104) |
| Pension funds | The pension funds subsector (S. 129) consists of all financial corporations and quasi-corporations which are principally engaged in financial intermediation as the consequence of the pooling of social risks and needs of the insured persons (social insurance). Pension funds as social insurance schemes provide income in retirement, and often benefits for death and disability (ESA 2010, paragraphs 2.105 to 2.110) |
| Non-financial corporations | The non-financial corporations sector (S.11) consists of institutional units which are independent legal entities and market producers, and whose principal activity is production of goods and non-financial services. This sector also includes non-financial quasi-corporations (ESA 2010, paragraphs 2.45 to 2.54) |
| Households + non-profit institutions serving households | |
| Sole proprietorships and partnerships without legal status (sub-population of "Households") | Sole proprietorships and partnerships without independent legal status, other than those created as quasi-corporations, and which are market producers (ESA 2010, paragraph 2.119d) |
| Case number | Type of merger | Obligations to be assumed |
|---|---|---|
| 1 | A merger where a full reporter (acquiring institution) acquires one or more full reporters (merging institutions) takes effect after the deadline set by the relevant NCB for the reporting of monthly statistical information relating to the preceding month | For the maintenance period consecutive to the merger, the reserve requirement of the acquiring institution is calculated on the basis of a reserve base aggregating the reserve bases of the acquiring institution and of the merging institutions. The reservebases to be aggregated are those which would have been relevant for this maintenance period had the merger not occurred. Only one lump-sum allowance is granted |
| 2 | A merger where a full reporter (acquiring institution) acquires one or more tail institutions and possibly one or more full reporters (merging institutions) takes effect after the deadline set by the relevant NCB for the reporting of statistical information relating to the preceding quarter | For the maintenance period consecutive to the merger, the reserve requirement of the acquiring institution is calculated on the basis of a reserve base aggregating the reserve bases of the acquiring institution and of the merging institutions. The reserve bases to be aggregated are those which would have been relevant for this maintenance period had the merger not occurred. Only one lump-sum allowance is granted |
| 3 | A merger where a full reporter (acquiring institution) acquires one or more full reporters (merging institutions) takes effect within the period between the end of a month and the deadline set by the relevant NCB for the reporting of monthly statistical information relating to the preceding month | For the maintenance period consecutive to the merger, the reserve requirement of the acquiring institution is calculated on the basis of a reserve base aggregating the reserve bases of the acquiring institution and of the merging institutions. The reserve bases to be aggregated are those which would have been relevant for this maintenance period had the merger not occurred. Only one lump-sum allowance is granted. The acquiring institution assumes, in addition to its own reporting obligations, the reporting obligations of merging institutions for statistical information relating to the month preceding the merger |
| 4 | A merger where a full reporter (acquiring institution) acquires one or more tail institutions and possibly one or more full reporters (merging institutions) takes effect within the period between the end of a quarter and the deadline set by the relevant NCB for the reporting of statistical information relating to the preceding quarter | For the maintenance period consecutive to the merger, the reserve requirement of the acquiring institution is calculated on the basis of a reserve base aggregating the reserve bases of the acquiring institution and of the merging institutions. The reserve bases to be aggregated are those which would have been relevant for this maintenance period had the merger not occurred. Only one lump-sum allowance is granted. The acquiring institution assume, in addition to its own reporting obligations, the reporting obligations of merging institutions for statistical information relating to the month or the quarter preceding the merger, depending on the institution |
| 5 | A merger where a tail institution (acquiring institution) acquires one or more full reporters and possibly one or more tail institutions (merging institutions) takes effect after the deadline set by the relevant NCB for the reporting of statistical information relating to the preceding month | The same procedure as in Case 1 is applied |
| 6 | A merger where a tail institution (acquiring institution) acquires one or more tail institutions (merging institutions) takes effect after the deadline set by the relevant NCB for the reporting of statistical information relating to the preceding quarter | From the maintenance period consecutive to the merger and until the acquiring institution has reported quarterly data for the first time after the merger in accordance with the reduced statistical reporting requirements imposed upon tail institutions as set out in Annex III, the reserve requirement of the acquiring institution is calculated on the basis of a reserve base aggregating the reserve bases of the acquiring institution and of the merging institutions. The reserve bases to be aggregated are those which would have been relevant for this maintenance period had the merger not occurred. Only one lump-sum allowance is granted |
| 7 | A merger where a tail institution (acquiring institution) acquires one or more tail institutions (merging institutions) takes effect after the deadline set by the relevant NCB for the reporting of statistical information relating to the preceding quarter and, as a result of the merger, the tail institution becomes a full reporter | The same procedure as in Case 2 is applied |
| 8 | A merger where a tail institution (acquiring institution) acquires one or more tail institutions (merging institutions) takes effect within the period between the end of a quarter and the deadline set by the relevant NCB for the reporting of statistical information relating to the preceding quarter | From the maintenance period consecutive to the merger and until the acquiring institution has reported for the first time after the merger quarterly data in accordance with the reduced statistical reporting requirements imposed upon tail institutions as set out in Annex III, the reserve requirement of the acquiring institution is calculated on the basis of a reserve base aggregating the reserve bases of the acquiring institution and of the merging institutions. The reserve bases to be aggregated are those which would have been relevant for this maintenance period had the merger not occurred. Only one lump-sum allowance is granted. The acquiring institution assumes, in addition to its own reporting obligations, the reporting obligations of merging institutions for statistical information relating to the quarter preceding the merger |
| 9 | A merger where a tail institution (acquiring institution) acquires one or more full reporters and possibly one or more tail institutions (merging institutions) takes effect within the period between the end of a month and the deadline set by the relevant NCB for the reporting of monthly statistical information relating to the preceding month | The same procedure as in Case 3 is applied |
| 10 | A merger where a tail institution (acquiring institution) acquires one or more tail institutions (merging institutions) takes effect within the period between the end of a quarter and the deadline set by the relevant NCB for the reporting of statistical information relating to the preceding quarter and, as a result of the merger, the tail institution becomes a full reporter | The same procedure as in Case 4 is applied |
| 11 | A merger where a full reporter (acquiring institution) is created from full reporters (merging institutions) takes effect within the period between the end of a month and the deadline set by the relevant NCB for the reporting of monthly statistical information relating to the preceding month | For the maintenance period consecutive to the merger, the reserve requirement of the acquiring institution is calculated on the basis of a reserve base aggregating the reserve bases of the merging institutions. The reserve bases to be aggregated are those which would have been relevant for this maintenance period had the merger not occurred. Only one lump-sum allowance is granted. The acquiring institution assumes the reporting obligations of merging institutions for statistical information relating to the month preceding the merger |
| 12 | A merger where a full reporter (acquiring institution) is created from one or more tail institutions and possibly one or more full reporters (merging institutions) takes effect within the period between the end of a quarter and the deadline set by the relevant NCB for the reporting of statistical information relating to the preceding quarter | For the maintenance period consecutive to the merger, the reserve requirement of the acquiring institution is calculated on the basis of a reserve base aggregating the reserve bases of the merging institutions. The reserve bases to be aggregated are those which would have been relevant for this maintenance period had the merger not occurred. Only one lump-sum allowance is granted. The acquiring institution assumes the reporting obligations of merging institutions for data relating to the month or the quarter preceding the merger, depending on the institution |
| 13 | A merger where a tail institution (acquiring institution) is created from one or more tail institutions (merging institutions) takes effect within the period between the end of a quarter and the deadline set by the relevant NCB for the reporting of statistical information relating to the preceding quarter | From the maintenance period consecutive to the merger and until the acquiring institution has reported quarterly data for the first time after the merger in accordance with the reduced statistical reporting requirements imposed upon tail institutions as set out in Annex III, the reserve requirement of the acquiring institution is calculated on the basis of a reserve base aggregating the reserve bases of the merging institutions. The reserve bases to be aggregated are those which would have been relevant for this maintenance period had the merger not occurred. Only one lump-sum allowance is granted. The acquiring institution assumes the reporting obligations of merging institutions for data relating to the quarter preceding the merger |
(a) reporting must be timely and within the deadlines set by the relevant NCB; (b) statistical reports must take their form and format from the technical reporting requirements set by the relevant NCB; (c) the reporting agent must provide the details of one or more contact persons to the relevant NCB; (d) the technical specifications for data transmission to the relevant NCB must be followed.
(a) statistical information must be correct: all linear constraints must be fulfilled (e.g. assets and liabilities must balance, subtotals must add up to totals), and data must be consistent across all frequencies; (b) reporting agents must be able to provide information on the developments implied by the transmitted data; (c) statistical information must be complete and must not contain continuous and structural gaps; existing gaps must be acknowledged, explained to the relevant NCB and, where applicable, bridged as soon as possible; (d) reporting agents must follow the dimensions, rounding policy and decimals set by the relevant NCB for the technical transmission of the data.
(a) statistical information must comply with the definitions and classifications contained in this Regulation; (b) in the event of deviations from these definitions and classifications reporting agents must monitor and quantify the difference between the measure used and the measure contained in this Regulation on a regular basis; (c) reporting agents must be able to explain breaks in the transmitted data compared with the previous periods’ figures.
Regulation (EC) No 25/2009 (ECB/2008/32) ( OJ L 15, 20.1.2009, p. 14 ).Regulation (EU) No 883/2011 ( OJ L 228, 3.9.2011, p. 13 ).
| Regulation (EC) No 25/2009 (ECB/2008/32) | This Regulation |
|---|---|
| Article 1a | Article 2 |
| Article 2 | Article 3 |
| Article 3 | Article 4 |
| Article 4 | Article 5 |
| Article 5 | Article 6 |
| Article 6 | Article 7 |
| Article 7 | Article 8 |
| Article 8 | Article 9 |
| Article 9 | Article 10 |
| Article 10 | Article 11 |
| Article 11 | Article 12 |
| Article 12 | Article 13 |
| Article 13 | Article 14 |
| Article 14 | Article 15 |
| Article 15 | Article 16 |
| Annex I, Part 2, Section 5.2a | Annex I, Part 2, Section 5.3 |
| Annex I, Part 2, Section 5.2b | Annex I, Part 2, Section 5.4 |
| Annex I, Part 2, Section 5.3 | Annex I, Part 2, Section 5.5 |
| Annex I, Part 2, Section 5.4 | Annex I, Part 2, Section 5.6 |
| Annex I, Part 2, Section 5.5 | Annex I, Part 2, Section 5.7 |
| — | Annex I, Part 3, Section 4 |
| Annex I, Part 3, Section 4 | Annex I, Part 3, Section 5 |
| Annex I, Part 3, Section 5 | Annex I, Part 3, Section 6 |
| Annex I, Part 3, Section 6 | Annex I, Part 3, Section 7 |
| Annex I, Part 4 | — |
| Annex I, Part 5 | Annex I, Part 4 |
| Annex I, Part 6 | Annex I, Part 5 |
| Annex I, Part 7 | Annex I, Part 6 |
| Annex I, Part 8 | Annex I, Part 7 |
(a) "monetary financial institution" (MFI) means a resident undertaking that belongs to any of the following sectors: 1. central banks; and 2. other MFIs, which comprise (a) deposit-taking corporations: (i) credit institutions as defined in Article 4(1)(1) of Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firmsOJ L 176, 27.6.2013, p. 1 .(ii) deposit-taking corporations other than credit institutions which are: other financial institutions which are principally engaged in financial intermediation and whose business is to receive deposits and/or close substitutes for deposits from institutional units, not only from MFIs (the degree of substitutability between the instruments issued by other MFIs and the deposits placed with credit institutions shall determine their classification as MFIs); and for their own account, at least in economic terms, to grant loans and/or make investments in securities, or electronic money institutions that are principally engaged in financial intermediation in the form of issuing electronic money; or
(b) money market funds (MMFs) pursuant to Article 2;
(b) "reporting agent" and "resident" have the same meaning as defined in Article 1 of Regulation (EC) No 2533/98; (c) "relevant NCB" means the NCB of the euro area Member State in which the MFI is resident; (d) "financial vehicle corporation (FVC)" has the same meaning as defined in Article 1 of Regulation (EU) No 1075/2013 (ECB/2013/40); (e) "securitisation" means a transaction that is either: (a) a traditional securitisation as defined in Article 4 of Regulation (EU) No 575/2013; and/or (b) a securitisation as defined in Article 1 of Regulation (EU) No 1075/2013 (ECB/2013/40), which involves the disposal of the loans being securitised to an FVC; (f) "electronic money institution" and "electronic money" have the same meaning as defined in Article 2(1) and (2) of Directive 2009/110/EC of the European Parliament and of the Council OJ L 267, 10.10.2009, p. 7 .(g) "write-down" means the direct reduction of the carrying amount of a loan on the balance sheet due to its impairment; (h) "write-off" means a write-down of the full carrying amount of a loan leading to its removal from the balance sheet; (i) "servicer" means an MFI which manages loans underlying a securitisation or loans that have otherwise been transferred in terms of the collection of principal and interest from the obligors; (j) "loan disposal" means the economic transfer of a loan or pool of loans by the reporting agent to a transferee, achieved either by transfer of ownership or by sub-participation; (k) "loan acquisition" means the economic transfer of a loan or pool of loans from a transferor to the reporting agent, achieved either by transfer of ownership or by sub-participation; (l) "intra-group positions" mean positions between euro area deposit-taking corporations that belong to the same group, consisting of a parent and all its directly or indirectly controlled euro area resident group-members; (m) "tail institution" means a small MFI that has been granted a derogation pursuant to Article 9(1); (n) "derecognition" means the removal of a loan or part thereof from the stocks reported in accordance with Parts 2 and 3 of Annex I, including its removal due to the application of a derogation referred to in Article 9(4).
(a) pursue the investment objective of maintaining a fund’s principal and providing a return in line with the interest rates of money market instruments; (b) invest in money market instruments which comply with the criteria for money market instruments set out in Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS)OJ L 302, 17.11.2009, p. 32 .(c) ensure that the money market instruments they invest in are of high quality, as determined by the management company. The quality of a money market instrument shall be considered, inter alia, on the basis of the following factors: (i) the credit quality of the money market instrument; (ii) the nature of the asset class represented by the money market instrument; (iii) for structured financial instruments, the operational and counterparty risk inherent within the structured financial transaction; (iv) the liquidity profile;
(d) ensure that their portfolio has a weighted average maturity (WAM) of no more than six months and a weighted average life (WAL) of no more than 12 months (in accordance with Annex I, Part 1, Section 2); (e) provide daily net asset value (NAV) and a price calculation of their shares/units, and daily subscription and redemption of shares/units; (f) limit investment in securities to those with a residual maturity until the legal redemption date of less than or equal to two years, provided that the time remaining until the next interest rate reset date is less than or equal to 397 days whereby floating rate securities should reset to a money market rate or index; (g) limit investment in other collective investment undertakings to those complying with the definition of MMFs; (h) do not take direct or indirect exposure to equity or commodities, including via derivatives and only use derivatives in line with the money market investment strategy of the fund. Derivatives which give exposure to foreign exchange may only be used for hedging purposes. Investment in non-base currency securities is allowed provided the currency exposure is fully hedged; (i) have either a constant or fluctuating NAV.
(a) the net flow of loan securitisations and other loan transfers carried out during the reporting period, in accordance with Section 2 of Part 5 of Annex I; (b) the end-of-period amount outstanding and financial transactions excluding loan disposals and acquisitions during the relevant period in respect of securitised and derecognised loans for which the MFI acts as servicer in accordance with Section 3 of Part 5 of Annex I. NCBs may extend such reporting requirements to all derecognised loans serviced by MFIs that have been securitised or otherwise transferred; (c) the end-of-quarter amount outstanding in respect of all loans for which the MFI acts as servicer in a securitisation, in accordance with Section 4 of Part 5 of Annex I; (d) when applying the International Accounting Standard 39 (IAS 39), the International Financial Reporting Standard 9 (IFRS 9) or similar national accounting rules, the end-of-period amount outstanding in respect of loans disposed of by means of a securitisation that has not been derecognised from the balance sheet, in accordance with Section 5 of Part 5 of Annex I.
(a) NCBs may grant derogations to small MFIs, provided that their combined contribution to the national MFI balance sheet in terms of stocks does not exceed 5 %; (b) with regard to credit institutions, the derogations referred to in point (a) shall have the effect of reducing the statistical reporting requirements of credit institutions to which such derogations apply without prejudice to the requirements for the calculation of minimum reserves as set out in Annex III; (c) with regard to small MFIs, where a derogation referred to in point (a) applies, NCBs shall continue, as a minimum, to collect data relating to the total balance sheet at least at an annual frequency so that the combined contribution to the national MFI balance sheet of the tail institutions can be monitored; (d) without prejudice to point (a), NCBs may grant derogations to credit institutions that do not benefit from the regime laid down in points (a) and (b) with the effect of reducing their reporting requirements to those laid down in Part 6 of Annex I, provided that their combined contribution to the national MFI balance sheet in terms of stocks exceeds neither 10 % of the national MFI balance sheet nor 1 % of the euro area MFI balance sheet; (e) NCBs shall check the fulfilment of the conditions set out in points (a) and (d) in good time in order to grant or withdraw, if necessary, any derogation with effect from the start of each year; (f) small MFIs may choose not to make use of the derogations and to fulfil the full reporting requirements instead.
(a) NCBs may grant derogations to MMFs from the statistical reporting requirements set out in Article 5(1) provided that MMFs instead report balance sheet data in accordance with Article 5 of Regulation (EU) No 1073/2013 (ECB/2013/38), subject to the following requirements: (i) MMFs report such data on a monthly basis in accordance with the "combined approach" set out in Annex I to Regulation (EU) No 1073/2013 (ECB/2013/38) and in accordance with the timeliness requirements set out in Article 9 thereof; and (ii) MMFs report end-of-month stock data on MMF shares/units in accordance with the timeliness requirements set out in Article 7(2);
(b) NCBs may also grant derogations to MMFs from the following statistical reporting requirements: (i) to provide the total positions for: (1) deposits of and loans granted to central banks and deposit-taking corporations; (2) deposits of and loans granted to all counterpart sectors apart from the non-financial corporations sector broken down by original maturity; and (3) intra-euro area cross-border deposits and loans broken down by country and by sector; (ii) to provide the total accrued interest for loans and deposits; (iii) to provide asset and liabilities positions vis-à-vis the insurance corporations and the pension funds sectors separately; (iv) to provide information on intra-group positions, loans and deposits;
(c) NCBs may grant derogations in respect of the statistical reporting requirements as regards the residency of the holders of MMF shares/units: (i) where MMF shares/units are issued for the first time or where market developments require a change of a reporting option or the combination thereof, as defined in Section 5.7(b) of Part 2 of Annex I, NCBs may grant derogations, for a period of one year, in respect of the statistical reporting requirements set out in Section 5.7 of Part 2 of Annex I; or (ii) where the required statistical information on the residency of the holders of MMF shares/units is collected from other available sources in accordance with Section 5.7 of Part 2 of Annex I. NCBs shall check the fulfilment of this condition in good time in order to grant or withdraw, if necessary, any derogation with effect from the start of each year, in agreement with the ECB.
(a) without prejudice to paragraph 1, NCBs may grant derogations in respect of the reporting of revaluation adjustments to MMFs, removing from the MMFs any requirement to report revaluation adjustments; (b) NCBs may grant derogations in respect of the frequency and timeliness of the reporting of price revaluations of securities and require these data on a quarterly basis and with the same timeliness as for stock data reported on a quarterly basis, subject to the following requirements: (i) reporting agents, using different valuation methods, shall provide the NCBs with the relevant information on valuation practices, including quantitative indications on the percentage of their holdings of these instruments; and (ii) where a substantial price revaluation has occurred, NCBs shall be entitled to request reporting agents to provide additional information relating to the month in which this took place;
(c) NCBs may grant derogations in respect of the reporting of price revaluations of securities, including the granting of complete exemption from any such reporting, to credit institutions which report the monthly stocks of securities on a security-by-security basis, subject to the following requirements: (i) the information reported includes, for each security, its carrying value on the balance sheet; and (ii) for securities without publicly available identification codes, the information reported includes information on the instrument category, maturity and issuer which is at least sufficient for the derivation of the breakdowns defined as "minimum requirements" in Part 5 of Annex I.
(a) a list of MFIs for statistical purposes (see Part 1 for identification of certain MFIs); and (b) a specification of the statistical information reported by these MFIs at monthly, quarterly and annual frequency (see Parts 2, 3, 4, 5, 6 and 7).
(a) transferability refers to the possibility of mobilising funds placed in a financial instrument by using payment facilities, such as cheques, transfer orders, direct debits or similar means; (b) convertibility refers to the possibility and the cost of converting financial instruments into currency or transferable deposits; the loss of fiscal advantages in the case of such conversion may be considered a penalty that reduces the degree of liquidity; (c) certainty means knowing precisely in advance the capital value of a financial instrument in terms of national currency; (d) securities quoted and traded regularly on an organised market are considered to be marketable. For shares in open-end collective investment undertakings, there is no market in the usual sense. Nevertheless, investors know the daily quotation of the shares and can withdraw funds at this price.
(a) the money market instrument shall be considered to be of a high credit quality, if it has been awarded one of the two highest available short-term credit ratings by each recognised credit rating agency that has rated the instrument or, if the instrument is not rated, it is of an equivalent quality as determined by the management company’s internal rating process. Where a recognised credit rating agency divides its highest short-term rating into two categories, these two ratings shall be considered as a single category and therefore the highest rating available; (b) the money market fund may, as an exception to the requirement in point (a), hold sovereign issuance of at least investment grade quality, whereby "sovereign issuance" means money market instruments issued or guaranteed by a central, regional or local authority or central bank of a Member State, the ECB, the Union or the European Investment Bank; (c) when calculating WAL for securities, including structured financial instruments, the maturity calculation is based on the residual maturity until the legal redemption of the instruments. However, when a financial instrument embeds a put option, the exercise date of the put option may be used instead of the legal residual maturity only if the following conditions are fulfilled at all times: (i) the put option may be freely exercised by the management company at its exercise date; (ii) the strike price of the put option remains close to the expected value of the instrument at the next exercise date; (iii) the investment strategy of the MMF implies that there is a high probability that the option will be exercised at the next exercise date;
(d) when calculating both WAL and WAM, the impact of financial derivative instruments, deposits and efficient portfolio management techniques shall be taken into account; (e) "weighted average maturity" (WAM) shall mean a measure of the average length of time to maturity of all of the underlying securities in the fund weighted to reflect the relative holdings in each instrument, assuming that the maturity of a floating rate instrument is the time remaining until the next interest rate reset to the money market rate, rather than the time remaining before the principal value of the security must be repaid. In practice, WAM is used to measure the sensitivity of a MMF to changing money market interest rates; (f) "weighted average life" (WAL) shall mean the weighted average of the remaining maturity of each security held in a fund, meaning the time until the principal is repaid in full, disregarding interest and not discounting. Contrary to the calculation of the WAM, the calculation of the WAL for floating rate securities and structured financial instruments does not permit the use of interest rate reset dates and instead only uses a security’s stated final maturity. WAL is used to measure the credit risk, as the longer the reimbursement of principal is postponed, the higher the credit risk. WAL is also used to limit the liquidity risk; (g) "money market instruments" means instruments normally traded on the money market which are liquid and have a value which can be accurately determined at any time; (h) "management company" means a company, the regular business of which is the management of the portfolio of an MMF.
(a) As regards MMF shares/units for which, in accordance with national legislation, a record is kept identifying the holders thereof, including information on the residency of the holders, issuing MMFs or the persons legally representing them report data on the residency breakdown of the holders of their shares/units issued in the monthly balance sheet. (b) As regards MMF shares/units for which no record is kept identifying the holders thereof, in accordance with national legislation, or for which a record is kept but it does not contain information on the residency of the holders, reporting agents report data on the residency breakdown in accordance with the approach decided by the relevant NCB in agreement with the ECB. This requirement is limited to one or a combination of the following options, to be selected having regard to the organisation of the relevant markets and the national legal arrangements in the Member State in question. This requirement will be periodically monitored by the NCB. (i) Issuing MMFs: Issuing MMFs or the persons legally representing them report data on the residency breakdown of the holders of their shares/units issued. Such information may come from the agent distributing the shares/units or from any other entity involved in the issue, buy-back or transfer of the shares/units. (ii) MFIs and OFIs as custodians of MMF shares/units: As reporting agents, MFIs and OFIs acting as custodians of MMF shares/units report data on the residency breakdown of the holders of shares/units issued by resident MMFs and held in custody on behalf of the holder or of another intermediary also acting as a custodian. This option is applicable if: (i) the custodian distinguishes MMF shares/units kept in custody on behalf of holders from those kept on behalf of other custodians; and (ii) most of the MMF shares/units are in the custody of domestic resident institutions that are classified as financial intermediaries (MFIs or OFIs). (iii) MFIs and OFIs as reporters of transactions of residents with non-residents involving shares/units of a resident MMF: As reporting agents, MFIs and OFIs acting as reporters of transactions of residents with non-residents involving shares/units of a resident MMF report data on the residency breakdown of the holders of shares/units issued by resident MMFs, which they trade on behalf of the holder or another intermediary also involved in the transaction. This option is applicable if: (i) the reporting coverage is comprehensive, i.e. it covers substantially all of the transactions carried out by the reporting agents; (ii) accurate data on purchases and sales with non-residents of the euro area are provided; (iii) differences between issuing value and redemption value, excluding fees, of the same shares/units are minimal; (iv) the amount of shares/units held by non-residents of the euro area issued by resident MMFs is low. (iv) If options (i) to (ii) do not apply, the reporting agents, including MFIs and OFIs, report the relevant data on the basis of available information.
| MFIs | Non-MFIs | MFIs | Non-MFIs | Banks | Non-Banks | |||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| of which: Central Bank (S1.121) | of which: Deposit-taking corporations except the central bank (S1.122) | of which: credit institutions subject to RRs, ECB and NCBs | General government (S.13) | Other resident sectors | of which: Central Bank (S1.121) | of which: Deposit-taking corporations except the central bank (S1.122) | of which: credit institutions subject to RRs, ECB and NCBs | General government (S.13) | Other resident sectors | |||||||||||||||||||||||||||||
| of which: Credit institutions | Central Government (S. 1311) | Other general government | Total | Non-MMF investment funds (S.124) | Other financial intermediaries + financial auxiliaries + captive financial institutions and money lenders (S.125+S.126+S.127) | Insurance corporations (S.128) | Pension funds (S.129) | Non-financial corporations (S.11) | Households + non-profit institutions serving households (S.14+S.15) | of which: Credit institutions | Central Government (S. 1311) | Other general government | Total | Non-MMF investment funds (S.124) | Other financial intermediaries + financial auxiliaries + captive financial institutions and money lenders (S.125+S.126+S.127) | Insurance corporations (S.128) | Pension funds (S.129) | Non-financial corporations (S.11) | Households + non-profit institutions serving households (S.14+S.15) | |||||||||||||||||||
| of which: CCP | of which: FVCs | of which: CCP | of which: FVCs | |||||||||||||||||||||||||||||||||||
| (a) | (b) | (c) | (d) | (e) | (f) | (g) | (h) | (i) | (j) | (k) | (l) | |||||||||||||||||||||||||||
| * | * | * | * | * | * | * | ||||||||||||||||||||||||||||||||
| up to 1 year | ||||||||||||||||||||||||||||||||||||||
| over 1 year | ||||||||||||||||||||||||||||||||||||||
| of which: intra-group positions | ||||||||||||||||||||||||||||||||||||||
| of which: Transferable deposits | ||||||||||||||||||||||||||||||||||||||
| of which: up to 2 years | ||||||||||||||||||||||||||||||||||||||
| of which: syndicated loans | ||||||||||||||||||||||||||||||||||||||
| * | * | * | * | |||||||||||||||||||||||||||||||||||
| * | * | * | * | |||||||||||||||||||||||||||||||||||
| of which: Transferable deposit | ||||||||||||||||||||||||||||||||||||||
| up to 1 year | * | * | * | * | ||||||||||||||||||||||||||||||||||
| over 1 and up to 2 years | * | * | * | * | ||||||||||||||||||||||||||||||||||
| over 2 years | * | * | * | * | * | * | * | * | * | * | * | |||||||||||||||||||||||||||
| up to 3 months | * | * | * | * | ||||||||||||||||||||||||||||||||||
| over 3 months | * | * | * | * | ||||||||||||||||||||||||||||||||||
| of which: over 2 years | * | * | * | * | * | * | * | * | * | * | * | |||||||||||||||||||||||||||
| * | * | * | * | * | * | * | * | * | * | * | ||||||||||||||||||||||||||||
| * | * | * | * | |||||||||||||||||||||||||||||||||||
| up to 1 year | * | * | * | * | ||||||||||||||||||||||||||||||||||
| over 1 and up to 2 years | * | * | * | * | ||||||||||||||||||||||||||||||||||
| over 2 years | * | * | * | * | * | * | * | * | * | * | * | |||||||||||||||||||||||||||
| up to 3 months | * | * | * | * | ||||||||||||||||||||||||||||||||||
| over 3 months | * | * | * | * | ||||||||||||||||||||||||||||||||||
| of which: over 2 years | * | * | * | * | * | * | * | * | * | * | * | |||||||||||||||||||||||||||
| * | * | * | * | * | * | * | * | * | * | * | ||||||||||||||||||||||||||||
| up to 1 year | * | |||||||||||||||||||||||||||||||||||||
| over 1 and up to 2 years | * | |||||||||||||||||||||||||||||||||||||
| of which: up to 2 years and nominal capital guarantee below 100% | ||||||||||||||||||||||||||||||||||||||
| over 2 years | * | |||||||||||||||||||||||||||||||||||||
| up to 1 year | * | |||||||||||||||||||||||||||||||||||||
| over 1 and up to 2 years | * | |||||||||||||||||||||||||||||||||||||
| of which: up to 2 years and nominal capital guarantee below 100% | ||||||||||||||||||||||||||||||||||||||
| over 2 years | * | |||||||||||||||||||||||||||||||||||||
| MFIs | Non-MFIs | MFIs | Non-MFIs | |||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| of which: Central Bank (S.121) | of which: Deposit-taking corporations except the central bank (S.122) | General government (S.13) | Other resident sectors | of which: Central Bank (S. 121) | of which: Deposit-taking corporations except the central bank (S. 122) | General government (S. 13) | Other resident sectors | |||||||||||||||||||||||||||||
| Total | Non-MMF investment funds (S.124) | Other financial intermediaries + financial auxiliaries + captive financial institutions and money lenders (S.125+S.126+S.127) | Insurance corporations (S.128) | Pension funds (S.129) | Non-financial corporations (S.11) | Households + non-profit institutions serving households (S.14+S.15) | Total | Non-MMF investment funds (S. 124) | Other financial intermediaries + financial auxiliaries + captive financial institutions and money lenders (S.125+S.126+S.127) | Insurance corporations (S. 128) | Pension funds (S. 129) | Non-financial corporations (S. 11) | Households + non-profit institutions serving households (S. 14+S. 15) | |||||||||||||||||||||||
| of which: CCP | of which: FVCs | Total | Credit for consumption | Lending for house purchase | Other lending | of which: CCP | of which: FVCs | Total | Credit for consumption | Lending for house purchase | Other lending | |||||||||||||||||||||||||
| of which: SP/P | of which: SP/P | |||||||||||||||||||||||||||||||||||
| up to 1 year | ||||||||||||||||||||||||||||||||||||
| over 1 year and up to 5 years | ||||||||||||||||||||||||||||||||||||
| over 5 years | ||||||||||||||||||||||||||||||||||||
| of which: intra-group positions | ||||||||||||||||||||||||||||||||||||
| of which: syndicated loans | ||||||||||||||||||||||||||||||||||||
| of which: reverse repos | ||||||||||||||||||||||||||||||||||||
| of which: revolving loans and overdrafts | ||||||||||||||||||||||||||||||||||||
| of which: convenience credit card credit | ||||||||||||||||||||||||||||||||||||
| of which: extended credit card credit | ||||||||||||||||||||||||||||||||||||
| up to 1 year | ||||||||||||||||||||||||||||||||||||
| over 1 and up to 2 years | ||||||||||||||||||||||||||||||||||||
| over 2 years | ||||||||||||||||||||||||||||||||||||
| up to 1 year | ||||||||||||||||||||||||||||||||||||
| over 1 and up to 2 years | ||||||||||||||||||||||||||||||||||||
| over 2 years | ||||||||||||||||||||||||||||||||||||
| MMF shares/units | ||||||||||||||||||||||||||||||||||||
| Non-MMF investment fund shares/units | ||||||||||||||||||||||||||||||||||||
1. Subsector, maturity and real estate collateral breakdown of credit to euro area non-MFIs (see Table 2). This is required to enable the monitoring of the complete subsector and maturity structure of MFIs’ overall credit financing (loans and securities) vis-à-vis the money-holding sector. For non-financial corporations and households, further "of which" positions are required identifying the loans secured with real estate collateral. For loans denominated in euro with original maturity over one and over two years vis-à-vis non-financial corporations and households, further "of which" positions are required for certain remaining maturities and interest rate reset periods (see Table 2). An interest rate reset is understood as a change in the interest rate of a loan which is provided for in the current loan contract. Loans subject to interest rate reset include, inter alia, loans with interest rates which are periodically revised in accordance with the evolution of an index, e.g. Euribor, loans with interest rates which are revised on a continuous basis, i.e. floating rates, and loans with interest rates which are revisable at the MFI’s discretion. 2. Subsector breakdown of MFI deposit liabilities to the general government (other than central government) of the euro area Member States (see Table 2). This is required as complementary information to the monthly reporting. 3. Sector breakdown of positions with counterparties outside the euro area (see Table 2). The sector classification in accordance with the System of National Accounts (hereinafter the "SNA 2008") applies where the ESA 2010 is not in force. 4. Identification of on-balance sheet positions for derivatives and accrued interest on loans and deposits within the remaining assets and remaining liabilities (see Table 2). This breakdown is required for enhancing consistency among statistics. 5. Country breakdown, including positions vis-à-vis the European Investment Bank and the European Stability Mechanism (see Table 3). This breakdown is required to analyse further monetary developments and also for the purposes of the transitional requirements and for data quality checks. 6. Sector breakdown for intra-euro area cross border deposits from and loans to non-MFIs (see Table 3). This breakdown is required to assess the positions of the MFI sectors in individual Member States vis-à-vis the remaining euro area Member States. 7. Currency breakdown (see Table 4). This breakdown is required to permit the calculation of transactions for monetary aggregates and counterparts adjusted for exchange rate changes where these aggregates include all currencies combined.
| M | Monthly data requirements, see Table 1. |
| Other euro area Member State | Non-euro area Member State | Selected EU institutions | ||
|---|---|---|---|---|
| from MFIs | ||||
| from non-MFIs | ||||
| general government | ||||
| other financial intermediaries + financial auxiliaries + captive financial institutions and money lenders | ||||
| insurance corporations | ||||
| pension funds | ||||
| non-MMF investment funds | ||||
| non-financial corporations | ||||
| households + non-profit institutions serving households | ||||
| to MFIs | ||||
| to non-MFIs | ||||
| general government | ||||
| other financial intermediaries + financial auxiliaries + captive financial institutions and money lenders | ||||
| insurance corporations | ||||
| pension funds | ||||
| non-MMF investment funds | ||||
| non-financial corporations | ||||
| households + non-profit institutions serving households | ||||
| issued by MFIs | ||||
| up to 1 year | ||||
| over 1 year and up to 2 years | ||||
| over 2 years | ||||
| issued by non-MFIs | ||||
| MMF shares/units | ||||
| Non-MMF investment fund shares/units | ||||
| Monthly data requirements, see Table 1. |
| Quarterly data requirements, see Table 2. |
| MFIs | Non-MFIs | MFIs | Non-MFIs | Banks | Non-Banks | |||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| of which: Central Bank (S.121) | of which: Deposit-taking corporations except the central bank (S.122) | of which: credit institutions subject to RRs, ECB and NCBs | General government (S.13) | Other resident sectors | of which: Central Bank (S.121) | of which: Deposit-taking corporations except the central bank (S.122) | of which: credit institutions subject to RRs, ECB and NCBs | General government (S.13) | Other resident sectors | |||||||||||||||||||||||||||||
| of which: Credit institutions | Central Government (S.1311) | Other general government | Total | Non-MMF investment funds (S.124) | Other financial intermediaries + financial auxiliaries + captive financial institutions and money lenders (S.125+S.126+S.127) | Insurance corporations (S.128) | Pension funds (S.129) | Non-financial corporations (S.11) | Households + non-profit institutions serving households (S.14+S.15) | of which: Credit institutions | Central Government (S.1311) | Other general government | Total | Non-MMF investment funds (S.124) | Other financial intermediaries + financial auxiliaries + captive financial institutions and money lenders (S.125+S.126+S.127) | Insurance corporations (S.128) | Pension funds (S.129) | Non-financial corporations (S.11) | Households + non-profit institutions serving households (S.14+S.15) | |||||||||||||||||||
| of which: CCP | of which: FVCs | of which: CCP | of which: FVCs | |||||||||||||||||||||||||||||||||||
| (a) | (b) | (c) | (d) | (e) | (f) | (g) | (h) | (i) | (j) | (k) | (l) | |||||||||||||||||||||||||||
| up to 1 year | ||||||||||||||||||||||||||||||||||||||
| over 1 year | ||||||||||||||||||||||||||||||||||||||
| of which: intra-group positions | ||||||||||||||||||||||||||||||||||||||
| of which: Transferable deposits | ||||||||||||||||||||||||||||||||||||||
| of which: up to 2 years | ||||||||||||||||||||||||||||||||||||||
| of which: syndicated loans | ||||||||||||||||||||||||||||||||||||||
| of which: Transferable deposits | ||||||||||||||||||||||||||||||||||||||
| up to 1 year | ||||||||||||||||||||||||||||||||||||||
| over 1 and up to 2 years | ||||||||||||||||||||||||||||||||||||||
| over 2 years | ||||||||||||||||||||||||||||||||||||||
| up to 3 months | ||||||||||||||||||||||||||||||||||||||
| over 3 months | ||||||||||||||||||||||||||||||||||||||
| of which: over 2 years | ||||||||||||||||||||||||||||||||||||||
| up to 1 year | ||||||||||||||||||||||||||||||||||||||
| over 1 and up to 2 years | ||||||||||||||||||||||||||||||||||||||
| over 2 years | ||||||||||||||||||||||||||||||||||||||
| up to 3 months | ||||||||||||||||||||||||||||||||||||||
| over 3 months | ||||||||||||||||||||||||||||||||||||||
| of which: over 2 years | ||||||||||||||||||||||||||||||||||||||
| * | * | * | * MINIMUM | |||||||||||||||||||||||||||||||||||
| up to 1 year | * | |||||||||||||||||||||||||||||||||||||
| over 1 and up to 2 years | * | |||||||||||||||||||||||||||||||||||||
| of which: up to 2 years and nominal capital guarantee below 100% | * | |||||||||||||||||||||||||||||||||||||
| over 2 years | * | |||||||||||||||||||||||||||||||||||||
| up to 1 year | * | |||||||||||||||||||||||||||||||||||||
| over 1 and up to 2 years | * | |||||||||||||||||||||||||||||||||||||
| of which: up to 2 years and nominal capital guarantee below 100% | * | |||||||||||||||||||||||||||||||||||||
| over 2 years | * | |||||||||||||||||||||||||||||||||||||
| BALANCE SHEET ITEMS | ||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MFIs | Non-MFIs | MFIs | Non-MFIs | |||||||||||||||||||||||||||||||||
| of which: Central Bank (S.121) | of which: Deposit-taking corporations except the central bank (S.122) | General government (S.13) | Other resident sectors | of which: Central Bank (S.121) | of which: Deposit-taking corporations except the central bank (S.122) | General government (S.13) | Other resident sectors | |||||||||||||||||||||||||||||
| Total | Non-MMF investment funds (S.124) | Other financial intermediaries + financial auxiliaries + captive financial institutions and money lenders (S.125+S.126+S.127) | Insurance corporations (S.128) | Pension funds (S.129) | Non-financial corporations (S.11) | Households + non-profit institutions serving households (S.14+S.15) | Total | Non-MMF investment funds (S.124) | Other financial intermediaries + financial auxiliaries + captive financial institutions and money lenders (S.125+S.126+S.127) | Insurance corporations (S.128) | Pension funds (S.129) | Non-financial corporations (S.11) | Households + non-profit institutions serving households (S.14+S.15) | |||||||||||||||||||||||
| of which: CCP | of which: FVCs | Total | Credit for consumption | Lending for house purchase | Other lending | of which: CCP | of which: FVCs | Total | Credit for consumption | Lending for house purchase | Other lending | |||||||||||||||||||||||||
| of which: SP/P | of which: SP/P | |||||||||||||||||||||||||||||||||||
| MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | ||||||||||||
| up to 1 year | ||||||||||||||||||||||||||||||||||||
| over 1 year and up to 5 years | ||||||||||||||||||||||||||||||||||||
| over 5 years | ||||||||||||||||||||||||||||||||||||
| of which: intra-group positions | ||||||||||||||||||||||||||||||||||||
| of which: syndicated loans | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | ||||||||||||||||||||||||||||
| of which: reverse repos | ||||||||||||||||||||||||||||||||||||
| of which: revolving loans and overdrafts | ||||||||||||||||||||||||||||||||||||
| of which: convenience credit card credit | ||||||||||||||||||||||||||||||||||||
| of which: extended credit card credit | ||||||||||||||||||||||||||||||||||||
| MINIMUM | MINIMUM | MINIMUM | ||||||||||||||||||||||||||||||||||
| of which: over 2 years | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | |||||||||||||||||||||||||||||
| up to 1 year | ||||||||||||||||||||||||||||||||||||
| over 1 and up to 2 years | ||||||||||||||||||||||||||||||||||||
| over 2 years | ||||||||||||||||||||||||||||||||||||
| up to 1 year | ||||||||||||||||||||||||||||||||||||
| over 1 and up to 2 years | ||||||||||||||||||||||||||||||||||||
| over 2 years | ||||||||||||||||||||||||||||||||||||
| MINIMUM | MINIMUM | MINIMUM | MINIMUM | MINIMUM | ||||||||||||||||||||||||||||||||
| MMF shares/units | MINIMUM | MINIMUM | MINIMUM | |||||||||||||||||||||||||||||||||
| Non-MMF investment fund shares/units | MINIMUM | MINIMUM | MINIMUM | |||||||||||||||||||||||||||||||||
(a) disposals and acquisitions with an impact on the loan stocks reported in accordance with Parts 2 and 3 of Annex I, i.e., disposals resulting in derecognition and acquisitions resulting in recognition or re-recognition, are allocated to Part 1; and (b) disposals and acquisitions without an impact on the loan stocks reported in accordance with Parts 2 and 3 of Annex I, i.e., disposals not resulting in derecognition and acquisitions not resulting in recognition or re-recognition, are allocated to Part 2.
(a) end-of-period amounts outstanding; and (b) financial transactions excluding loan disposals and acquisitions during the relevant period, i.e. the change in the amounts outstanding which is attributable to loan principal repayments by borrowers.
| MFIs | Non-MFIs | MFIs | Non-MFIs | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | Non-MMF investment funds (S.124) | Other financial intermediaries + financial auxiliaries + captive financial institutions and money lenders (S.125+S.126+S.127) | Insurance corporations (S.128) | Pension funds (S.129) | Non-financial corporations (S.11) | Households + non-profit institutions serving households (S.14+S.15) | Total | Other general government (S.1312+S.1313+S.1314) | Total | Non-MMF investment funds (S.124) | Other financial intermediaries + financial auxiliaries + captive financial institutions and money lenders (S.125+S.126+S.127) | Insurance corporations (S.128) | Pension funds (S.129) | Non-financial corporations (S.11) | Households + non-profit institutions serving households (S.14+S.15) | ||||
| M | Monthly data requirements, see Table 5a. |
1. The breakdown by currency referred to in Section 4 of Part 2. 2. The separate identification of: (a) positions with central counterparties as referred to in Section 5.3 of Part 2; (b) syndicated loans as indicated in Table 1 of Part 2; (c) debt securities of up to two years’ maturity and nominal capital guarantee below 100 %, as indicated in Table 1 of Part 2.
3. The sector breakdown referred to in Section 3 of Part 3. 4. The country breakdown referred to in Section 4 of Part 3. 5. The currency breakdown referred to in Section 5 of Part 3.
| INSTRUMENT AND MATURITY CATEGORIES | |
|---|---|
| BALANCE SHEET ITEMS | |
| ASSETS | LIABILITIES |
|
|
| COUNTERPARTIES AND PURPOSE CATEGORIES | |
|---|---|
| ASSETS | LIABILITIES |
|
|
| CURRENCIES | |
(a) institutions incorporated and located in that territory, including subsidiaries Subsidiaries are separate incorporated entities in which another entity has a majority or full participation, whereas branches are unincorporated entities (without independent legal status) totally owned by the parent. (b) branches of institutions that have their head office outside that territory.
(a) If a parent company and its subsidiaries are MFIs located in the same Member State, the parent company is permitted to consolidate in its statistical returns the business of these subsidiaries, keeping however the business of credit institutions and other MFIs separate. (b) If an institution has branches located within the territory of the other euro area Member States, the registered or head office located in a given euro area Member State considers the positions towards all these branches as positions towards residents in the other euro area Member States. Conversely, a branch located in a given euro area Member State considers the positions towards the registered or head office or towards other branches of the same institution located within the territory of the other euro area Member States as positions towards residents in the other euro area Member States. (c) If an institution has branches located outside the territory of the euro area Member States, the registered or head office located in a given euro area Member State considers the positions towards all these branches as positions towards residents of the rest of the world. Conversely, a branch located in a given euro area Member State considers the positions towards the registered or head office or towards other branches of the same institution located outside the euro area Member States as positions towards residents of the rest of the world.
| Category | Description of main features |
|---|---|
| Holdings of euro and foreign banknotes and coins in circulation that are commonly used to make payments | |
| |
| |
| |
| Tangible or intangible assets other than financial assets. This item includes dwellings, other buildings and structures, machinery and equipment, valuables, and intellectual property products such as computer software and databases | |
|
| Category | Description of main features |
|---|---|
| The liability category "currency in circulation" is banknotes and coins in circulation that are issued or authorised by monetary authorities. This category includes banknotes issued by the ECB and the NCBs. Coins in circulation are not a liability of MFIs in the euro area Member States, but a liability of the central government. Nonetheless, coins are part of the monetary aggregates and are therefore entered under the category "currency in circulation". The counterpart to this liability is to be included within "remaining assets" | |
| |
| |
| Transferable deposits are those deposits within the category "overnight deposits" which are directly transferable on demand to make payments to other economic agents by commonly used means of payment, such as credit transfer and direct debit, possibly also by credit or debit card, e-money transactions, cheques, or similar means, without significant delay, restriction or penalty. Deposits that can only be used for cash withdrawal and/or deposits from which funds can only be withdrawn or transferred through another account of the same owner are not to be included as transferable deposits. | |
| Non-transferable deposits which cannot be converted into currency before an agreed fixed term or that can only be converted into currency before that agreed term provided that the holder is charged some kind of penalty. This item also includes administratively regulated savings deposits where the maturity related criterion is not relevant; these should be classified in the maturity band "over two years". Financial products with roll-over provisions must be classified according to the earliest maturity. Although deposits with agreed maturity may feature the possibility of earlier redemption after prior notification, or may be redeemable on demand subject to certain penalties, these features are not considered to be relevant for classification purposes | |
| |
| Non-transferable deposits without any agreed maturity which cannot be converted into currency without a period of prior notice; before the expiry the conversion into currency is not possible or possible only with a penalty. They include deposits which, although perhaps legally withdrawable on demand, would be subject to penalties and restrictions according to national practice (classified in the maturity band "up to and including three months"), and investment accounts without period of notice or agreed maturity, but which contain restrictive drawing provisions (classified in the maturity band "over three months") | |
| |
| |
| Shares or units issued by MMFs. See definition in Section 2 of Part 1 of Annex I. | |
| |
| |
| Hybrid instruments issued by MFIs of original maturity of up to two years and which at maturity may have a contractual redemption value in the issuing currency lower than the amount originally invested due to their combination of debt and derivative components. | |
| |
|
| Sector | Definition |
|---|---|
| MFIs | See Article 1 |
| General government | The general government sector (S.13) consists of institutional units, which are non-market producers whose output is intended for individual and collective consumption, and are financed by compulsory payments made by units belonging to other sectors, and institutional units principally engaged in the redistribution of national income and wealth (ESA 2010, paragraphs 2.111 to 2.113) |
| Central government | This subsector (S.1311) includes all administrative departments of the state and other central agencies whose competence extends normally over the whole economic territory, except for the administration of social security funds (ESA 2010, paragraph 2.114) |
| State government | This subsector (S.1312) consists of those types of public administration which are separate institutional units exercising some of the functions of government, except for the administration of social security funds, at a level below that of central government and above that of the governmental institutional units existing at local level (ESA 2010, paragraph 2.115) |
| Local government | This subsector (S.1313) includes those types of public administration whose competence extends to only a local part of the economic territory, apart from local agencies of social security funds (ESA 2010, paragraph 2.116) |
| Social security funds | The social security funds subsector (S.1314) includes central, state and local institutional units whose principal activity is to provide social benefits and which fulfil each of the following two criteria: (a) by law or by regulation certain groups of the population are obliged to participate in the scheme or to pay contributions; and (b) general government is responsible for the management of the institution in respect of the settlement or approval of the contributions and benefits independently from its role as supervisory body or employer (ESA 2010, paragraph 2.117) |
| Non-MMF investment funds | IFs as defined in Regulation (EU) No 1073/2013 (ECB/2013/38). The subsector consists of all collective investment undertakings, except MMFs, that invest in financial and/or non-financial assets, to the extent that the objective is investing capital raised from the public |
| Other financial intermediaries, except insurance corporations and pension funds + financial auxiliaries + captive financial institutions and money lenders | |
| Insurance corporations | The insurance corporations subsector (S. 128) consists of all financial corporations and quasi-corporations which are principally engaged in financial intermediation as a consequence of the pooling of risks mainly in the form of direct insurance or reinsurance (ESA 2010, paragraphs 2.100 to 2.104) |
| Pension funds | The pension funds subsector (S. 129) consists of all financial corporations and quasi-corporations which are principally engaged in financial intermediation as the consequence of the pooling of social risks and needs of the insured persons (social insurance). Pension funds as social insurance schemes provide income in retirement, and often benefits for death and disability (ESA 2010, paragraphs 2.105 to 2.110) |
| Non-financial corporations | The non-financial corporations sector (S.11) consists of institutional units which are independent legal entities and market producers, and whose principal activity is production of goods and non-financial services. This sector also includes non-financial quasi-corporations (ESA 2010, paragraphs 2.45 to 2.54) |
| Households + non-profit institutions serving households | |
| Sole proprietorships and partnerships without legal status (sub-population of "Households") | Sole proprietorships and partnerships without independent legal status, other than those created as quasi-corporations, and which are market producers (ESA 2010, paragraph 2.119d) |
| Case number | Type of merger | Obligations to be assumed |
|---|---|---|
| 1 | A merger where a full reporter (acquiring institution) acquires one or more full reporters (merging institutions) takes effect after the deadline set by the relevant NCB for the reporting of monthly statistical information relating to the preceding month | For the maintenance period consecutive to the merger, the reserve requirement of the acquiring institution is calculated on the basis of a reserve base aggregating the reserve bases of the acquiring institution and of the merging institutions. The reservebases to be aggregated are those which would have been relevant for this maintenance period had the merger not occurred. Only one lump-sum allowance is granted |
| 2 | A merger where a full reporter (acquiring institution) acquires one or more tail institutions and possibly one or more full reporters (merging institutions) takes effect after the deadline set by the relevant NCB for the reporting of statistical information relating to the preceding quarter | For the maintenance period consecutive to the merger, the reserve requirement of the acquiring institution is calculated on the basis of a reserve base aggregating the reserve bases of the acquiring institution and of the merging institutions. The reserve bases to be aggregated are those which would have been relevant for this maintenance period had the merger not occurred. Only one lump-sum allowance is granted |
| 3 | A merger where a full reporter (acquiring institution) acquires one or more full reporters (merging institutions) takes effect within the period between the end of a month and the deadline set by the relevant NCB for the reporting of monthly statistical information relating to the preceding month | For the maintenance period consecutive to the merger, the reserve requirement of the acquiring institution is calculated on the basis of a reserve base aggregating the reserve bases of the acquiring institution and of the merging institutions. The reserve bases to be aggregated are those which would have been relevant for this maintenance period had the merger not occurred. Only one lump-sum allowance is granted. The acquiring institution assumes, in addition to its own reporting obligations, the reporting obligations of merging institutions for statistical information relating to the month preceding the merger |
| 4 | A merger where a full reporter (acquiring institution) acquires one or more tail institutions and possibly one or more full reporters (merging institutions) takes effect within the period between the end of a quarter and the deadline set by the relevant NCB for the reporting of statistical information relating to the preceding quarter | For the maintenance period consecutive to the merger, the reserve requirement of the acquiring institution is calculated on the basis of a reserve base aggregating the reserve bases of the acquiring institution and of the merging institutions. The reserve bases to be aggregated are those which would have been relevant for this maintenance period had the merger not occurred. Only one lump-sum allowance is granted. The acquiring institution assume, in addition to its own reporting obligations, the reporting obligations of merging institutions for statistical information relating to the month or the quarter preceding the merger, depending on the institution |
| 5 | A merger where a tail institution (acquiring institution) acquires one or more full reporters and possibly one or more tail institutions (merging institutions) takes effect after the deadline set by the relevant NCB for the reporting of statistical information relating to the preceding month | The same procedure as in Case 1 is applied |
| 6 | A merger where a tail institution (acquiring institution) acquires one or more tail institutions (merging institutions) takes effect after the deadline set by the relevant NCB for the reporting of statistical information relating to the preceding quarter | From the maintenance period consecutive to the merger and until the acquiring institution has reported quarterly data for the first time after the merger in accordance with the reduced statistical reporting requirements imposed upon tail institutions as set out in Annex III, the reserve requirement of the acquiring institution is calculated on the basis of a reserve base aggregating the reserve bases of the acquiring institution and of the merging institutions. The reserve bases to be aggregated are those which would have been relevant for this maintenance period had the merger not occurred. Only one lump-sum allowance is granted |
| 7 | A merger where a tail institution (acquiring institution) acquires one or more tail institutions (merging institutions) takes effect after the deadline set by the relevant NCB for the reporting of statistical information relating to the preceding quarter and, as a result of the merger, the tail institution becomes a full reporter | The same procedure as in Case 2 is applied |
| 8 | A merger where a tail institution (acquiring institution) acquires one or more tail institutions (merging institutions) takes effect within the period between the end of a quarter and the deadline set by the relevant NCB for the reporting of statistical information relating to the preceding quarter | From the maintenance period consecutive to the merger and until the acquiring institution has reported for the first time after the merger quarterly data in accordance with the reduced statistical reporting requirements imposed upon tail institutions as set out in Annex III, the reserve requirement of the acquiring institution is calculated on the basis of a reserve base aggregating the reserve bases of the acquiring institution and of the merging institutions. The reserve bases to be aggregated are those which would have been relevant for this maintenance period had the merger not occurred. Only one lump-sum allowance is granted. The acquiring institution assumes, in addition to its own reporting obligations, the reporting obligations of merging institutions for statistical information relating to the quarter preceding the merger |
| 9 | A merger where a tail institution (acquiring institution) acquires one or more full reporters and possibly one or more tail institutions (merging institutions) takes effect within the period between the end of a month and the deadline set by the relevant NCB for the reporting of monthly statistical information relating to the preceding month | The same procedure as in Case 3 is applied |
| 10 | A merger where a tail institution (acquiring institution) acquires one or more tail institutions (merging institutions) takes effect within the period between the end of a quarter and the deadline set by the relevant NCB for the reporting of statistical information relating to the preceding quarter and, as a result of the merger, the tail institution becomes a full reporter | The same procedure as in Case 4 is applied |
| 11 | A merger where a full reporter (acquiring institution) is created from full reporters (merging institutions) takes effect within the period between the end of a month and the deadline set by the relevant NCB for the reporting of monthly statistical information relating to the preceding month | For the maintenance period consecutive to the merger, the reserve requirement of the acquiring institution is calculated on the basis of a reserve base aggregating the reserve bases of the merging institutions. The reserve bases to be aggregated are those which would have been relevant for this maintenance period had the merger not occurred. Only one lump-sum allowance is granted. The acquiring institution assumes the reporting obligations of merging institutions for statistical information relating to the month preceding the merger |
| 12 | A merger where a full reporter (acquiring institution) is created from one or more tail institutions and possibly one or more full reporters (merging institutions) takes effect within the period between the end of a quarter and the deadline set by the relevant NCB for the reporting of statistical information relating to the preceding quarter | For the maintenance period consecutive to the merger, the reserve requirement of the acquiring institution is calculated on the basis of a reserve base aggregating the reserve bases of the merging institutions. The reserve bases to be aggregated are those which would have been relevant for this maintenance period had the merger not occurred. Only one lump-sum allowance is granted. The acquiring institution assumes the reporting obligations of merging institutions for data relating to the month or the quarter preceding the merger, depending on the institution |
| 13 | A merger where a tail institution (acquiring institution) is created from one or more tail institutions (merging institutions) takes effect within the period between the end of a quarter and the deadline set by the relevant NCB for the reporting of statistical information relating to the preceding quarter | From the maintenance period consecutive to the merger and until the acquiring institution has reported quarterly data for the first time after the merger in accordance with the reduced statistical reporting requirements imposed upon tail institutions as set out in Annex III, the reserve requirement of the acquiring institution is calculated on the basis of a reserve base aggregating the reserve bases of the merging institutions. The reserve bases to be aggregated are those which would have been relevant for this maintenance period had the merger not occurred. Only one lump-sum allowance is granted. The acquiring institution assumes the reporting obligations of merging institutions for data relating to the quarter preceding the merger |
(a) reporting must be timely and within the deadlines set by the relevant NCB; (b) statistical reports must take their form and format from the technical reporting requirements set by the relevant NCB; (c) the reporting agent must provide the details of one or more contact persons to the relevant NCB; (d) the technical specifications for data transmission to the relevant NCB must be followed.
(a) statistical information must be correct: all linear constraints must be fulfilled (e.g. assets and liabilities must balance, subtotals must add up to totals), and data must be consistent across all frequencies; (b) reporting agents must be able to provide information on the developments implied by the transmitted data; (c) statistical information must be complete and must not contain continuous and structural gaps; existing gaps must be acknowledged, explained to the relevant NCB and, where applicable, bridged as soon as possible; (d) reporting agents must follow the dimensions, rounding policy and decimals set by the relevant NCB for the technical transmission of the data.
(a) statistical information must comply with the definitions and classifications contained in this Regulation; (b) in the event of deviations from these definitions and classifications reporting agents must monitor and quantify the difference between the measure used and the measure contained in this Regulation on a regular basis; (c) reporting agents must be able to explain breaks in the transmitted data compared with the previous periods’ figures.
Regulation (EC) No 25/2009 (ECB/2008/32) ( OJ L 15, 20.1.2009, p. 14 ).Regulation (EU) No 883/2011 ( OJ L 228, 3.9.2011, p. 13 ).
| Regulation (EC) No 25/2009 (ECB/2008/32) | This Regulation |
|---|---|
| Article 1a | Article 2 |
| Article 2 | Article 3 |
| Article 3 | Article 4 |
| Article 4 | Article 5 |
| Article 5 | Article 6 |
| Article 6 | Article 7 |
| Article 7 | Article 8 |
| Article 8 | Article 9 |
| Article 9 | Article 10 |
| Article 10 | Article 11 |
| Article 11 | Article 12 |
| Article 12 | Article 13 |
| Article 13 | Article 14 |
| Article 14 | Article 15 |
| Article 15 | Article 16 |
| Annex I, Part 2, Section 5.2a | Annex I, Part 2, Section 5.3 |
| Annex I, Part 2, Section 5.2b | Annex I, Part 2, Section 5.4 |
| Annex I, Part 2, Section 5.3 | Annex I, Part 2, Section 5.5 |
| Annex I, Part 2, Section 5.4 | Annex I, Part 2, Section 5.6 |
| Annex I, Part 2, Section 5.5 | Annex I, Part 2, Section 5.7 |
| — | Annex I, Part 3, Section 4 |
| Annex I, Part 3, Section 4 | Annex I, Part 3, Section 5 |
| Annex I, Part 3, Section 5 | Annex I, Part 3, Section 6 |
| Annex I, Part 3, Section 6 | Annex I, Part 3, Section 7 |
| Annex I, Part 4 | — |
| Annex I, Part 5 | Annex I, Part 4 |
| Annex I, Part 6 | Annex I, Part 5 |
| Annex I, Part 7 | Annex I, Part 6 |
| Annex I, Part 8 | Annex I, Part 7 |