HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN"L 356/94
EN
Official Journal of the European Union
22.12.2012
GUIDELINES
GUIDELINE OF THE EUROPEAN CENTRAL BANK
of 10 December 2012
amending Guideline ECB/2010/20 on the legal framework for accounting and financial reporting in
the European System of Central Banks
(ECB/2012/29)
(2012/833/EU)
THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,
from such operations should be mentioned in Annex
IV to Guideline ECB/2010/20 under asset item 6 ‘Other
claims on euro area credit institutions denominated in
euro’.
Having regard to the Statute of the European System of Central
Banks and of the European Central Bank, and in particular
Articles 12.1, 14.3 and 26.4 thereof,
(4) Guideline
ECB/2010/20
needs
to
be
amended
accord
ingly,
Having regard to the contribution of the General Council of the
European Central Bank pursuant to the second and third
indents of Article 46.2 of the Statute of the European System
of Central Banks and of the European Central Bank,
HAS ADOPTED THIS GUIDELINE:
Whereas:
Article 1
Amendments
Guideline ECB/2010/20 is amended as follows:
(1) Guideline
ECB/2010/20
of
11
November
2010
on
the
legal framework for accounting and financial reporting in
the European System of Central Banks ( 1 ) lays down the
rules for standardising the accounting and financial
1. The following is added as Article 6a:
reporting of operations undertaken by the national
central banks.
‘Article 6a
(2) Annex
IV
to
Guideline
ECB/2010/20
already
provides,
in
Provision for foreign exchange rate, interest rate, credit
non-mandatory terms, under liability item 13 ‘Provisions’
and gold price risks
the possibility of establishing provisions for foreign
exchange rate, interest rate, credit and gold price risks.
Taking into due consideration the nature of the activities of
In view of the importance of ensuring that national
the NCBs, an NCB may establish a provision for foreign
central banks have sufficient financial resources to
exchange rate, interest rate, credit and gold price risks on
cover the significant risks arising from their activities
its balance sheet. The NCB shall decide on the size and use
and without prejudice to national accounting rules on
of the provision on the basis of a reasoned estimate of the
risk provisions, it is considered necessary to strengthen
NCB’s risk exposure.’.
this option by inserting it in the enacting terms of
Guideline ECB/2010/20. The recommendation does not
prevent national central banks from maintaining or
creating provisions for additional risks according to
2. Annex IV to Guideline ECB/2010/20 is replaced by the
their national accounting rules.
Annex to this Guideline.
(3) The
financial
reporting
of
emergency
liquidity
assistance
Article 2
operations should be harmonised and claims resulting
Entry into force
( 1 ) OJ L 35, 9.2.2011, p. 31.
This Guideline shall enter into force on 31 December 2012.

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EN
22.12.2012 Official
Journal
of
the
European
Union L
356/95
Article 3
Addressees
This Guideline applies to all Eurosystem central banks.
Done at Frankfurt am Main, 10 December 2012.
For the Governing Council of the ECB
The President of the ECB
Mario DRAGHI

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L 356/96
EN
Official Journal of the European Union
22.12.2012
ANNEX
‘ANNEX IV
COMPOSITION AND VALUATION RULES FOR THE BALANCE SHEET ( 1 )
ASSETS
Balance sheet item ( 1 )
Categorisation of contents of balance sheet items Valuation
principle
Scope of
application ( 2 )
1
1 Gold
and
gold Physical gold, i.e. bars, coins, plates, nuggets Market value Mandatory
receivables
in storage or “under way”. Non-physical gold,
such as balances in gold sight accounts
(unallocated accounts), term deposits and
claims to receive gold arising from the
following transactions: (a) upgrading or down
grading transactions; and (b) gold location or
purity swaps where there is a difference of
more than one business day between release
and receipt
2
2 Claims
on
non- Claims on counterparties resident outside the
euro area residents euro area including international and suprana
denominated in
tional institutions and central banks outside
foreign currency
the euro area denominated in foreign currency
2.1 2.1 Receivables
from (a) Drawing rights within the reserve tranche (net) (a) Drawing rights within the reserve tranche Mandatory
the International
(net)
Monetary Fund
National quota minus balances in euro at
(IMF)
the disposal of the IMF. The No 2 account
Nominal value, translation at the foreign
of the IMF (euro account for adminis
exchange market rate
trative expenses) may be included in this
item or under the item “Liabilities to non-
euro area residents denominated in euro”
(b) SDRs
(b) SDRs
Mandatory
Holdings of SDRs (gross)
Nominal value, translation at the foreign
exchange market rate
(c) Other claims
(c) Other claims
Mandatory
General arrangements to borrow, loans
Nominal value, translation at the foreign
under special borrowing arrangements,
exchange market rate
deposits made to trusts under the
management of the IMF
2.2 2.2 Balances
with
(a) Balances with banks outside the euro area (a) Balances with banks outside the euro area Mandatory
banks and security
other than those under asset item 11.3
investments,
“Other financial assets”
Nominal value, translation at the foreign
external loans and
exchange market rate
other external
Current accounts, fixed-term deposits, day-
assets
to-day money, reverse repo transactions
( 1 ) Disclosure relating to euro banknotes in circulation, remuneration of net intra-Eurosystem claims/liabilities resulting from the allocation of euro banknotes within the
Eurosystem, and monetary income should be harmonised in NCBs published annual financial statements. The items to be harmonised are indicated with an asterisk in
Annexes IV, VIII and IX.

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EN
22.12.2012 Official
Journal
of
the
European
Union L
356/97
Balance sheet item ( 1 )
Categorisation of contents of balance sheet items Valuation
principle
Scope of
application ( 2 )
(b) Security investments outside the euro area other (b) (i) Marketable securities other than held-to- Mandatory
than those under asset item 11.3 “Other
maturity
financial assets”
Market price and foreign exchange
Notes and bonds, bills, zero bonds, money
market rate
market paper, equity instruments held as
part of the foreign reserves, all issued by
Any premiums or discounts are
non-euro area residents
amortised
(ii) Marketable securities classified as held- Mandatory
to-maturity
Cost subject to impairment and
foreign exchange market rate
Any premiums or discounts are
amortised
(iii) Non-marketable securities
Mandatory
Cost subject to impairment and
foreign exchange market rate
Any premiums or discounts are
amortised
(iv) Marketable equity instruments
Mandatory
Market price and foreign exchange
market rate
(c) External loans (deposits) outside the euro area (c) External loans
Mandatory
other than those under asset item 11.3 “Other
financial assets”
Deposits at nominal value translated at
the foreign exchange market rate
(d) Other external assets
(d) Other external assets
Mandatory
Non-euro area banknotes and coins
Nominal value, translation at the foreign
exchange market rate
3
3 Claims
on
euro (a) Security investments inside the euro area other (a) (i) Marketable securities other than held-to- Mandatory
area residents
than those under asset item 11.3 “Other
maturity
denominated in
financial assets”
foreign currency
Market price and foreign exchange
Notes and bonds, bills, zero bonds, money
market rate
market paper, equity instruments held as
part of the foreign reserves, all issued by
Any premiums or discounts are
euro area residents
amortised
(ii) Marketable securities classified as held- Mandatory
to-maturity
Cost subject to impairment and
foreign exchange market rate
Any premiums or discounts are
amortised
(iii) Non-marketable securities
Mandatory
Cost subject to impairment and
foreign exchange market rate
Any premiums or discounts are
amortised

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L 356/98
EN
Official Journal of the European Union
22.12.2012
Balance sheet item ( 1 )
Categorisation of contents of balance sheet items Valuation
principle
Scope of
application ( 2 )
(iv) Marketable equity instruments
Mandatory
Market price and foreign exchange
market rate
(b) Other claims on euro area residents other than (b) Other claims
Mandatory
those under asset item 11.3 “Other financial
assets”
Deposits and other lending at nominal
value, translated at the foreign
Loans, deposits, reverse repo transactions,
exchange market rate
sundry lending
4
4 Claims
on
non-
euro area residents
denominated in
euro
4.1 4.1 Balances
with
(a) Balances with banks outside the euro area (a) Balances with banks outside the euro area Mandatory
banks, security
other than those under asset item 11.3
investments and
“Other financial assets”
Nominal value
loans
Current accounts, fixed-term deposits, day-
to-day money. Reverse repo transactions
in connection with the management of
securities denominated in euro
(b) Security investments outside the euro area other (b) (i) Marketable securities other than held-to- Mandatory
than those under asset item 11.3 “Other
maturity
financial assets”
Market price
Equity instruments, notes and bonds, bills,
zero bonds, money market paper, all
Any premiums or discounts are
issued by non-euro area residents
amortised
(ii) Marketable securities classified as held- Mandatory
to-maturity
Cost subject to impairment
Any premiums or discounts are
amortised
(iii) Non-marketable securities
Mandatory
Cost subject to impairment
Any premiums or discounts are
amortised
(iv) Marketable equity instruments
Mandatory
Market price
(c) Loans outside the euro area other than those (c) Loans outside the euro area
Mandatory
under asset item 11.3 “Other financial assets”
Deposits at nominal value
(d) Securities other than those under asset item (d) (i) Marketable securities other than held-to- Mandatory
11.3 “Other financial assets”, issued by
maturity
entities outside the euro area
Market price
Securities issued by supranational or inter
national organisations, e.g. the European
Any premiums or discounts are
Investment Bank, irrespective of their
amortised
geographical location

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EN
22.12.2012 Official
Journal
of
the
European
Union L
356/99
Balance sheet item ( 1 )
Categorisation of contents of balance sheet items Valuation
principle
Scope of
application ( 2 )
(ii) Marketable securities classified as held- Mandatory
to-maturity
Cost subject to impairment
Any premiums or discounts are
amortised
(iii) Non-marketable securities
Mandatory
Cost subject to impairment
Any premiums or discounts are
amortised
4.2 4.2 Claims
arising
from
Lending according to the ERM II conditions Nominal
value Mandatory
the credit facility
under ERM II
5
5 Lending
to
euro Items 5.1 to 5.5: transactions according to the
area credit insti
respective monetary policy instruments
tutions related to
described in Annex I to Guideline
monetary policy
ECB/2011/14 of 20 September 2011 on
operations
monetary policy instruments and procedures
denominated in
of the Eurosystem ( 3 )
euro
5.1 5.1 Main
refinancing Regular liquidity-providing reverse trans Nominal value or repo cost Mandatory
operations
actions with a weekly frequency and
normally a maturity of one week
5.2 5.2 Longer-term
refi
Regular liquidity-providing reverse trans Nominal value or repo cost Mandatory
nancing operations actions with a monthly frequency and
normally a maturity of three months
5.3 5.3 Fine-tuning
reverse
Reverse transactions, executed as ad hoc trans Nominal value or repo cost Mandatory
operations
actions for fine-tuning purposes
5.4 5.4 Structural
reverse Reverse transactions adjusting the structural Nominal value or repo cost Mandatory
operations
position of the Eurosystem vis-à-vis the
financial sector
5.5 5.5 Marginal
lending Overnight liquidity facility at a pre-specified Nominal value or repo cost Mandatory
facility
interest rate against eligible assets (standing
facility)
5.6 5.6 Credits
related
to Additional credit to credit institutions, arising Nominal value or cost Mandatory
margin calls
from value increases of underlying assets
regarding other credit to these credit institu
tions

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L 356/100
EN
Official Journal of the European Union
22.12.2012
Balance sheet item ( 1 )
Categorisation of contents of balance sheet items Valuation
principle
Scope of
application ( 2 )
6
6 Other
claims
on Current accounts, fixed-term deposits, day-to- Nominal value or cost Mandatory
euro area credit
day money, reverse repo transactions in
institutions
connection with the management of security
denominated in
portfolios under the asset item 7 ‘Securities of
euro
euro area residents denominated in euro’,
including transactions resulting from the
transformation of former foreign currency
reserves of the euro area and other claims.
Correspondent accounts with non-domestic
euro area credit institutions. Other claims
and operations unrelated to monetary policy
operations of the Eurosystem including
Emergency Liquidity Assistance. Any claims
stemming from monetary policy operations
initiated by an NCB prior to joining the Euro
system
7
7 Securities
of
euro
area residents
denominated in
euro
7.1 7.1 Securities
held
for Securities issued in the euro area held for (a) Marketable securities other than held-to- Mandatory
monetary policy
monetary policy purposes. ECB debt
maturity
purposes
certificates purchased for fine-tuning purposes
Market price
Any premiums or discounts are amor
tised
(b) Marketable securities classified as held-to- Mandatory
maturity
Cost subject to impairment (cost when
the impairment is covered by a provision
under liability item 13 (b) “Provisions”)
Any premiums or discounts are amor
tised
(c) Non-marketable securities
Mandatory
Cost subject to impairment
Any premiums or discounts are amor
tised
7.2 7.2 Other
securities Securities
other
than
those
under
asset
item
(a) Marketable securities other than held-to- Mandatory
7.1 “Securities held for monetary policy
maturity
purposes” and under asset item 11.3 “Other
financial assets”; notes and bonds, bills, zero
Market price
bonds, money market paper held outright,
Any premiums or discounts are amor
including government securities stemming
tised
from before EMU, denominated in euro.
Equity instruments
(b) Marketable securities classified as held-to- Mandatory
maturity
Cost subject to impairment
Any premiums or discounts are amor
tised

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EN
22.12.2012 Official
Journal
of
the
European
Union L
356/101
Balance sheet item ( 1 )
Categorisation of contents of balance sheet items Valuation
principle
Scope of
application ( 2 )
(c) Non-marketable securities
Mandatory
Cost subject to impairment
Any premiums or discounts are amor
tised
(d) Marketable equity instruments
Mandatory
Market price
8
8 General
Claims on government stemming from before Deposits/loans at nominal value, non- Mandatory
government debt
EMU (non-marketable securities, loans)
marketable securities at cost
denominated in
euro
—
9 Intra-Eurosystem
claims + )
— 9.1 Participating
Only an NCB balance sheet item
Cost Mandatory
interest in ECB + )
The ECB capital share of each NCB in
accordance with the Treaty and the respective
capital key and contributions in accordance
with Article 48.2 of the Statute of the ESCB
— 9.2 Claims
equivalent Only an NCB balance sheet item
Nominal value Mandatory
to the transfer of
foreign reserves
Euro-denominated claims on the ECB in

+ )
respect of initial and additional transfers of
foreign reserves under Article 30 of the
Statute of the ESCB
— 9.3 Claims
related
to Only an ECB balance sheet item
Cost Mandatory
the issuance of
ECB debt certifi
Intra-Eurosystem claims vis-à-vis NCBs, arising
cates
from the issuance of ECB debt certificates

+ )
— 9.4 Net
claims
related For the NCBs: net claim related to the appli Nominal value Mandatory
to the allocation of cation of the banknote allocation key i.e.
euro banknotes
including the ECB’s banknote issue related
within the Euro
intra-Eurosystem balances, the compensatory
system + ) (*)
amount and its balancing accounting entry
as defined by Decision ECB/2010/23 of
25 November 2010 on the allocation of
monetary income of the national central
banks of Member States whose currency is
the euro ( 4 )
For the ECB: claims related to the ECB’s
banknote issue, in accordance with Decision
ECB/2010/29
— 9.5 Other
claims
Net position of the following sub-items:
within the Euro
system (net) + )
(a) net claims arising from balances of (a) Nominal value Mandatory
TARGET2 accounts and correspondent
accounts of NCBs, i.e. the net figure of
claims and liabilities — see also liability
item 10.4 “Other liabilities within the
Eurosystem (net)”

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L 356/102
EN
Official Journal of the European Union
22.12.2012
Balance sheet item ( 1 )
Categorisation of contents of balance sheet items Valuation
principle
Scope of
application ( 2 )
(b) claim due to the difference between (b) Nominal value Mandatory
monetary income to be pooled and redis
tributed. Only relevant for the period
between booking of monetary income as
part of the year-end procedures, and its
settlement on the last working day in
January each year
(c) other intra-Eurosystem claims denominated (c) Nominal value Mandatory
in euro that may arise, including the
interim distribution of ECB income (*)
9 10 Items
in
the
course
Settlement account balances (claims), Nominal value Mandatory
of settlement
including the float of cheques in collection
9 11 Other
assets
9 11.1 Coins
of
euro
area euro
coins
if
an
NCB
is
not
the
legal
issuer Nominal
value Mandatory
9 11.2 Tangible
and
Land and buildings, furniture and equipment Cost less depreciation
Recommended
intangible fixed
including computer equipment, software
assets
Depreciation rates:
— computers and related hardware/software
and motor vehicles: 4 years
— equipment, furniture and plant in
building: 10 years
— building and capitalised major refur
bishment expenditure: 25 years
Capitalisation of expenditure: limit based
(below EUR 10 000 excluding VAT: no capi
talisation)
9 11.3 Other
financial
— Participating interests and investments in (a) Marketable equity instruments
Recommended
assets
subsidiaries; equities held for strategic/
policy reasons
Market price
— Securities, including equities, and other (b) Participating interests and illiquid equity Recommended
financial instruments and balances (e.g.
shares, and any other equity instruments
fixed-term deposits and current accounts),
held as permanent investments
held as an earmarked portfolio
Cost subject to impairment
— Reverse repo transactions with credit insti
tutions in connection with the (c) Investment in subsidiaries or significant Recommended
management of securities portfolios
interests
under this item
Net asset value
(d) Marketable securities other than held-to- Recommended
maturity
Market price
Any premiums or discounts are amor
tised

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EN
22.12.2012 Official
Journal
of
the
European
Union L
356/103
Balance sheet item ( 1 )
Categorisation of contents of balance sheet items Valuation
principle
Scope of
application ( 2 )
(e) Marketable securities classified as held-to- Recommended
maturity or held as a permanent investment
Cost subject to impairment
Any premiums or discounts are amor
tised
(f) Non-marketable securities
Recommended
Cost subject to impairment
Any premiums or discounts are amor
tised
(g) Balances with banks and loans
Recommended
Nominal value, translated at the foreign
exchange market rate if the balances or
deposits are denominated in foreign
currencies
9 11.4 Off-balance-sheet Valuation results of foreign exchange Net position between forward and spot, at Mandatory
instruments
forwards, foreign exchange swaps, interest the foreign exchange market rate
revaluation differ
rate swaps, forward rate agreements, forward
ences
transactions in securities, foreign exchange
spot transactions from trade date to
settlement date
9 11.5 Accruals
and
Income not due in, but assignable to the Nominal value, foreign exchange translated Mandatory
prepaid expen
reported period. Prepaid expenditure and at market rate
diture
accrued interest paid (i.e. accrued interest
purchased with a security)
9 11.6 Sundry Advances,
loans
and
other
minor
items.
Nominal value or cost Recommended
Revaluation suspense accounts (only balance
sheet item during the year: unrealised losses
at revaluation dates during the year, which are Revaluation suspense accounts
Mandatory
not covered by the respective revaluation
accounts under the liability item “Revaluation Revaluation difference between average cost
accounts”). Loans on a trust basis. Investments and market value, foreign exchange
related to customer gold deposits. Coins translated at market rate
denominated in national euro area currency
units. Current expense (net accumulated
loss), loss of the previous year before Investments related to customer gold deposits
Mandatory
coverage. Net pension assets
Market value
Outstanding claims arising from the default of Outstanding claims (from defaults)
Mandatory
Eurosystem counterparties in the context of
Eurosystem credit operations
Nominal/recoverable value (before/after
settlement of losses)
Assets or claims (vis-à-vis third parties) appro Assets or claims (from defaults)
Mandatory
priated and/or acquired in the context of the
realisation of collateral submitted by Euro Cost (converted at the foreign exchange
system counterparties in default
market rate at the time of the acquisition
if financial assets are denominated in
foreign currencies)

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L 356/104
EN
Official Journal of the European Union
22.12.2012
Balance sheet item ( 1 )
Categorisation of contents of balance sheet items Valuation
principle
Scope of
application ( 2 )
— 12 Loss
for
the
year Nominal
value Mandatory
(*) Items to be harmonised. See recital 5 of this Guideline.
( 1 ) The numbering in the first column relates to the balance sheet formats given in Annexes V, VI and VII (weekly financial statements and consolidated annual balance sheet
of the Eurosystem). The numbering in the second column relates to the balance sheet format given in Annex VIII (annual balance sheet of a central bank). The items
marked with a “ + )” are consolidated in the Eurosystem’s weekly financial statements.
( 2 ) The composition and valuation rules listed in this Annex are considered mandatory for the ECB’s accounts and for all material assets and liabilities in NCBs’ accounts for
Eurosystem purposes, i.e. material to the Eurosystem’s operation.
( 3 ) OJ L 331, 14.12.2011, p. 1.
( 4 ) OJ L 35, 9.2.2011, p. 17.
LIABILITIES
Balance sheet item ( 1 )
Categorisation of contents of balance sheet items Valuation
principle
Scope of
application ( 2 )
1
1 Banknotes
in (a) Euro banknotes, plus/minus adjustments (a) Nominal value Mandatory
circulation (*)
relating to the application of the
banknote allocation key in accordance
with Decision ECB/2010/23 and Decision
ECB/2010/29
(b) Banknotes denominated in national euro (b) Nominal value Mandatory
area currency units during the cash
changeover year
2
2 Liabilities
to
euro
Items 2.1, 2.2, 2.3 and 2.5: deposits in euro
area credit insti
as described in Annex I to Guideline
tutions related to
ECB/2011/14
monetary policy
operations
denominated in
euro
2.1 2.1 Current
accounts euro accounts of credit institutions that are Nominal value Mandatory
(covering the
included in the list of financial institutions
minimum reserve
subject to minimum reserves in accordance
system)
with the Statute of the ESCB. This item
contains primarily accounts used in order to
hold minimum reserves
2.2 2.2 Deposit
facility Overnight
deposits
at
a
pre-specified
interest
Nominal value Mandatory
rate (standing facility)
2.3 2.3 Fixed-term
Collection for liquidity absorption purposes Nominal value Mandatory
deposits
owing to fine-tuning operations
2.4 2.4 Fine-tuning
reverse
Monetary policy-related transactions with the Nominal value or repo cost Mandatory
operations
aim of liquidity absorption
2.5 2.5 Deposits
related
to
Deposits of credit institutions, arising from Nominal value Mandatory
margin calls
value decreases of underlying assets
regarding credits to these credit institutions

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EN
22.12.2012 Official
Journal
of
the
European
Union L
356/105
Balance sheet item ( 1 )
Categorisation of contents of balance sheet items Valuation
principle
Scope of
application ( 2 )
3
3 Other
liabilities
to
Repo transactions in connection with simul Nominal value or repo cost Mandatory
euro area credit
taneous reverse repo transactions for the
institutions
management of securities portfolios under
denominated in
asset item 7 “Securities of euro area
euro
residents denominated in euro”. Other oper
ations unrelated to Eurosystem monetary
policy operations. No current accounts of
credit institutions. Any liabilities/deposits
stemming from monetary policy operations
initiated by a central bank prior to joining
the Eurosystem
4
4 Debt
certificates Only an ECB balance sheet item — for the Cost
Mandatory
issued
NCBs a transitional balance sheet item.
Any discounts are amortised
Debt certificates as described in Annex I to
Guideline ECB/2011/14. Discount paper,
issued with the aim of liquidity absorption
5
5 Liabilities
to
other
euro area residents
denominated in
euro
5.1 5.1 General
Current accounts, fixed-term deposits, deposits Nominal value Mandatory
government
repayable on demand
5.2 5.2 Other
liabilities Current
accounts
of
staff,
companies
and
Nominal value Mandatory
clients including financial institutions listed
as exempt from the obligation to hold
minimum reserves (see liability item 2.1
“Current accounts”); fixed-term deposits,
deposits repayable on demand
6
6 Liabilities
to
non-
Current accounts, fixed-term deposits, deposits Nominal value or repo cost Mandatory
euro area residents repayable on demand including accounts held
denominated in
for payment purposes and accounts held for
euro
reserve management purposes: of other banks,
central banks, international/supranational
institutions including the European
Commission; current accounts of other
depositors. Repo transactions in connection
with simultaneous reverse repo transactions
for the management of securities denominated
in euro.
Balances of TARGET2 accounts of central
banks of Member States whose currency is
not the euro
7
7 Liabilities
to
euro
Current accounts. liabilities under repo trans Nominal value, translation at the foreign Mandatory
area residents
actions; usually investment transactions using exchange market rate
denominated in
foreign currency assets or gold
foreign currency
8
8 Liabilities
to
non-
euro area residents
denominated in
foreign currency

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L 356/106
EN
Official Journal of the European Union
22.12.2012
Balance sheet item ( 1 )
Categorisation of contents of balance sheet items Valuation
principle
Scope of
application ( 2 )
8.1 8.1 Deposits,
balances Current accounts. Liabilities under repo trans Nominal value, translation at the foreign Mandatory
and other liabilities actions; usually investment transactions using exchange market rate
foreign currency assets or gold
8.2 8.2 Liabilities
arising Borrowing in accordance with the ERM II Nominal value, translation at the foreign Mandatory
from the credit
conditions
exchange market rate
facility under
ERM II
9
9 Counterpart
of SDR-denominated item which shows the Nominal value, translation at the market rate Mandatory
special drawing
amount of SDRs that were originally
rights allocated by allocated to the respective country/NCB
the IMF
— 10 Intra-Eurosystem
liabilities + )
— 10.1 Liabilities
Only an ECB balance sheet item denominated Nominal value Mandatory
equivalent to the
in euro
transfer of foreign
reserves + )
— 10.2 Liabilities
related Only an NCB balance sheet item
Cost Mandatory
to the issuance of
ECB debt certifi
Intra-Eurosystem liability vis-à-vis the ECB,
cates
arising from the issuance of ECB debt certifi

+ )
cates
— 10.3 Net
liabilities
Only an NCB balance sheet item.
Nominal value Mandatory
related to allo
cation of euro
For the NCBs: net liability related to the appli
banknotes within
cation of the banknote allocation key, i.e.
the Eurosys
including the ECB’s banknote issue related
tem
intra-Eurosystem balances, the compensatory

+ ) (*)
amount and its balancing accounting entry
as defined by Decision ECB/2010/23
— 10.4 Other
liabilities
Net position of the following sub-items:
within the Euro
system (net) + )
(a) net liabilities arising from balances of (a) Nominal value Mandatory
TARGET2 accounts and correspondent
accounts of NCBs, i.e. the net figure of
claims and liabilities — see also asset
item 9.5 “Other claims within the Euro
system (net)”
(b) liability due to the difference between (b) Nominal value Mandatory
monetary income to be pooled and redis
tributed. Only relevant for the period
between booking of monetary income as
part of the year-end procedures, and its
settlement at the last working day in
January each year
(c) other
intra-Eurosystem
liabilities (c) Nominal value Mandatory
denominated in euro that may arise,
including the interim distribution of ECB
income (*)
10 11
Items in course of Settlement account balances (liabilities), Nominal value Mandatory
settlement
including the float of giro transfers

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EN
22.12.2012 Official
Journal
of
the
European
Union L
356/107
Balance sheet item ( 1 )
Categorisation of contents of balance sheet items Valuation
principle
Scope of
application ( 2 )
10 12 Other
liabilities
10 12.1 Off-balance-sheet Valuation results of foreign exchange Net position between forward and spot, at Mandatory
instruments
forwards, foreign exchange swaps, interest the foreign exchange market rate
revaluation differ
rate swaps, forward rate agreements, forward
ences
transactions in securities, foreign exchange
spot transactions from trade date to
settlement date
10 12.2 Accruals
and
Expenditure falling due in a future period but Nominal value, foreign exchange translated Mandatory
income collected in relating to the reported period. Income at market rate
advance
received in the reported period but relating
to a future period
10 12.3 Sundry Taxation
suspense
accounts.
Foreign
currency
Nominal value or (repo) cost Recommended
credit or guarantee cover accounts. Repo
transactions with credit institutions in
connection with simultaneous reverse repo
transactions for the management of securities Customer gold deposits
Customer gold
portfolios under asset item 11.3 “Other
deposits:
financial assets”. Compulsory deposits other Market value
mandatory
than reserve deposits. Other minor items.
Current income (net accumulated profit),
profit of the previous year before distribution.
Liabilities on a trust basis. Customer gold
deposits. Coins in circulation in the event
that an NCB is the legal issuer. Banknotes in
circulation denominated in national euro area
currency units that have ceased to be legal
tender but are still in circulation after the
cash changeover year, if not shown under
liability item “Provisions”. Net pension liabil
ities
10 13 Provisions (a)
For
pensions,
for
foreign
exchange
rate,
(a) Cost/nominal value Recommended
interest rate, credit and gold price risks,
and for other purposes, e.g. expected
future expenses, provisions for national
euro area currency units that have ceased
to be legal tender but are still in circu
lation after the cash changeover year if
these banknotes are not shown under
liability item 12.3 “Other liabilities/
Sundry”
The contributions from NCBs to the ECB
in accordance with Article 48.2 of the
Statute of the ESCB are consolidated
with the respective amounts disclosed
under asset item 9.1 “Participating
interest in the ECB” + )
(b) For counterparty or credit risks arising (b) Nominal value Mandatory
from monetary policy operations

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L 356/108
EN
Official Journal of the European Union
22.12.2012
Balance sheet item ( 1 )
Categorisation of contents of balance sheet items Valuation
principle
Scope of
application ( 2 )
11 14 Revaluation
Revaluation accounts related to price Revaluation difference between average cost Mandatory
accounts
movements for gold, for every type of euro- and market value, foreign exchange
denominated securities, for every type of translated at market rate
foreign currency-denominated securities, for
options; market valuation differences related
to interest rate risk derivatives; revaluation
accounts related to foreign exchange rate
movements for every currency net position
held, including foreign exchange swaps/
forwards and SDRs
The contributions from NCBs in accordance
with Article 48.2 of the Statute of the ESCB
to the ECB are consolidated with the
respective amounts disclosed under asset
item 9.1 “Participating interest in the ECB” + )
12 15 Capital
and
reserves
12 15.1 Capital Paid-up
capital
—
the
ECB’s
capital
is
Nominal value Mandatory
consolidated with the capital shares of the
NCBs
12 15.2 Reserves Legal
reserves
and
other
reserves.
Retained
Nominal value Mandatory
earnings
The contributions from NCBs to the ECB in
accordance with Article 48.2 of the Statute of
the ESCB are consolidated with the respective
amounts disclosed under asset item 9.1 “Par
ticipating interest in the ECB” + )
10 16 Profit
for
the
year Nominal
value Mandatory
(*) Items to be harmonised. See recital 5 of this Guideline.
( 1 ) The numbering in the first column relates to the balance sheet formats given in Annexes V, VI and VII (weekly financial statements and consolidated annual balance sheet
of the Eurosystem). The numbering in the second column relates to the balance sheet format given in Annex VIII (annual balance sheet of a central bank). The items
marked with a “ + )” are consolidated in the Eurosystem’s weekly financial statements.
( 2 ) The composition and valuation rules listed in this Annex are considered mandatory for the ECB’s accounts and for all material assets and liabilities in NCBs’ accounts for
Eurosystem purposes, i.e. material to the Eurosystem’s operation.’

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Document Outline

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