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7.11.2012 Official
Journal
of
the
European
Union L
307/89
GUIDELINES
GUIDELINE OF THE EUROPEAN CENTRAL BANK
of 26 September 2012
on the data quality management framework for the Centralised Securities Database
(ECB/2012/21)
(2012/689/EU)
THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,
applied to output feed data, a subset of output data that
can be used to support the production of statistics or
other uses. Output feed data is provided to NCBs no later
than seven working days following the end of each
Having regard to the Statute of the European System of Central
calendar month.
Banks and of the European Central Bank, and in particular
Articles 5.1, 12.1 and 14.3 thereof,
(4)
Some output feed data also include attributes such as
prices or income-related information which are
Having regard to Council Regulation (EC) No 2533/98 of
expected to fluctuate over time. These attributes are auto
23 November 1998 concerning the collection of statistical
matically verified by the CSDB system through the appli
information by the European Central Bank ( 1 ),
cation of statistical algorithms. Only attributes specified
in Annex I for each DQM target are subject to verifi
cation by competent authorities in accordance with this
Whereas:
Guideline. The full list of attributes constituting the

supported feeds is set out in Annex II.
(1) The
Centralised
Securities
Database
(CSDB)
is
a
single
information technology infrastructure, which is
(5) The
CSDB
DQM
framework
should
be
applied
to
output
operated jointly by the members of the European
feed data regardless of the source of input data. It should
System of Central Banks (ESCB), including national
lay down the responsibilities of the euro area NCBs for
central banks (NCBs) of non-euro area Member States
the quality of output data in the CSDB and, where
where such NCBs voluntarily participate in the
relevant, those of the European Central Bank (ECB).
operation of the CSDB. The CSDB stores item-by-item
data, in particular, data on securities, their issuers and
prices.
(6) The
CSDB
DQM
framework
should
be
based,
first,
on
DQM targets that represent indicators for assessing the
quality of output feed data and, second, on DQM metrics
(2)
Data are collected from various sources, including from
that identify and prioritise, for each respective DQM
ESCB members, certain commercial data providers, the
target, the output feed data that need to be verified. It
public domain and administrative sources, and trans
should also be based on DQM thresholds that define the
mitted to the CSDB. There is a risk, however, that such
minimum level of verification that needs to be conducted
input data may be inaccurate or incomplete. The CSDB
in relation to a DQM target.
system is able to reconcile partially inconsistent input
data from different sources, and can detect incomplete
or missing data. It automatically compounds input data
from various overlapping sources to the extent possible
(7) Given
the
absence
of
benchmark
data,
DQM
targets
do
into a complete and high quality single record.
not always identify errors in output feed data but can
only identify cases where manual verification of output
feed data is needed.
(3) The
overall
quality
of
data
in
the
CSDB
can
only
be
assessed at the level of output data rather than at the
level of individual sets of input data. To ensure the
(8)
Since the CSDB is operated jointly by all ESCB members,
completeness, accuracy and consistency of output data,
they should all aim to follow the same DQM standards.
to the extent possible, it is necessary to define a
Moreover, non-euro area NCBs are in the best position to
framework for data quality management (DQM) to be
carry out DQM on the data related to issuers residing in
their respective Member States. While it is recognised
( 1 ) OJ L 318, 27.11.1998, p. 8.
that guidelines adopted by the ECB may not impose

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L 307/90
EN
Official Journal of the European Union
7.11.2012
any obligations on non-euro area NCBs, Article 5 of the
various data sources with a view to ensuring that CSDB
Statute of the European System of Central Banks and of
output data quality satisfies the requirements for CSDB
the European Central Bank applies to both euro area and
feed data;
non-euro area NCBs. Non-euro area NCBs should
therefore design and implement all the measures that
they consider appropriate in order to carry out DQM
(9) ‘DQM target’ means a benchmark for assessing the quality
in accordance with this Guideline.
of output feed data, as specified in Annex I;
(9) To
improve
the
quality
of
output
data,
data
source (10) ‘DQM metric’ means a statistical indicator measuring the
management (DSM) should be carried out with the aim
level to which a certain DQM target has been reached, as
of identifying and correcting repetitive and structural
specified in Annex I;
mistakes in input data directly with the data provider,
(11) ‘DQM threshold’ means the minimum level of verification
HAS ADOPTED THIS GUIDELINE:
work to be conducted in order to satisfy the requirements
of the DQM framework for a DQM target;
Article 1
Definitions
(12) ‘DQM workflow’ means a technical process applied for the
correction of input data in order to comply with a DQM
For the purpose of this Guideline:
threshold;
(1) ‘CSDB’ means the Centralised Securities Database set up by
(13) ‘end-month preview’ means a regular monthly update of
the ESCB and located at the ECB’s premises;
output data and of DQM metrics which produces an
approximation of output data for the forthcoming end-
month status;
(2) ‘input data’ means any data provided to the CSDB from
one or more data sources;
(14) ‘working day’ is a complete day on which TARGET2 is
open, as published on the ECB’s website;
(3) ‘output data’ means data that is automatically derived in
the CSDB by compounding input data into a complete,
high quality single record;
(15) ‘verification’ means the process whereby DQM competent
authorities check CSDB output feed data and, if necessary,
correct CSDB input data, hereby applying the DQM
(4) ‘output feed data’ means the subset of output data and
workflow;
characteristics listed in Annex II that serve as a data
input to support the production of statistics or other uses;
(16) ‘resident’ has the meaning defined in Article 1 of Regu
lation (EC) No 2533/98.
(5) ‘Data Quality Management’ or ‘DQM’ means ensuring,
verifying and maintaining the quality of output feed data
through the use and application of DQM targets, DQM
Article 2
metrics, DQM thresholds and the DQM workflow;
Subject matter and scope
1. This
Guideline
establishes
a
framework
for
DQM
in
the
(6) ‘Data Source Management’ or ‘DSM’ means identifying and
CSDB, the aim of which is to ensure the completeness, accuracy
correcting directly with a data provider repetitive and/or
and consistency of output data in the CSDB by consistently
structural mistakes in input data;
applying rules on quality standards for such data.
(7) ‘initial DQM’ means DQM of output feed data, including
2. The
CSDB
DQM
framework
shall
be
based
on
the
DQM
data covering the most recent time period, carried out by
and DSM.
DQM competent authorities on a monthly basis taking
into account the output feed data provided by the end-
month preview;
Article 3
DQM Competent authorities
(8) ‘regular DQM’ means DQM of output feed data carried out
1. The
NCB
of
the
euro
area
Member
State
in
which
a
by DQM competent authorities on a monthly basis taking
security issuer is resident shall be competent for the DQM of
into account non-CSDB benchmark data provided by
the data related to that issuer.

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EN
7.11.2012 Official
Journal
of
the
European
Union L
307/91
2. The
ECB
shall
be
competent
for
the
DQM
of
data
related They shall verify output feed data, taking into account all
to issuers resident outside the euro area, unless a non-euro area
currently available information, by no later than the second
NCB has accepted the responsibility to conduct DQM for data
working day of the calendar month following the month in
related to issuers resident in its Member State.
which regular DQM is carried out.
Article 4
3. DQM
competent
authorities
shall
correct
input
data
in
DQM, DQM metrics and DQM thresholds
accordance with the agreed DQM workflow by using the
CSDB system or by providing input data files to the ECB, as
1. DQM
competent
authorities
shall
carry
out
initial
DQM appropriate.
and regular DQM. In doing so they shall verify output feed data,
regardless of its source.
Article 7
2. DQM
competent
authorities
shall
apply
DQM
metrics
in
accordance with Annex I.
Tasks related to DSM
1. DQM
competent
authorities
shall
identify
any
DSM
issues
3. For
the
attributes
covered
by
Annex
I,
DQM
competent and report them to the ECB.
authorities shall apply DQM thresholds at a level that ensures
the quality of output feed data in accordance with the
requirements to support the uses for these respective attributes
2. The
ECB
shall
address
repetitive
high-priority
errors
as set out in Annex II.
pertaining to DSM in cooperation with the relevant DQM
competent authorities within one month of the date on
which a DSM issue is reported to the ECB.
Article 5
Initial DQM
Article 8
1. Initial DQM shall be applied to DQM targets 1, 2, 3a, 3b
and 6, as specified in Annex I.
Corrections of input data
A DQM competent authority shall, provided that it has
2. The
ECB
shall
make
available
the
end-month
preview improved input data, use the CSDB system to correct any
seven working days before the end of each calendar month.
errors and omissions in its input data that were not corrected
in the course of verification as specified in Article 5(4).
3. In
carrying
out
initial
DQM,
DQM
competent
authorities
shall verify substantial statistical outliers to ensure that, after
Article 9
initial DQM has taken place, output feed data reflects the
most recent developments to the extent possible.
Annual quality report
Taking account of the views of the ESCB Statistics Committee,
4. DQM
competent
authorities
shall
verify
the
end-month the Executive Board of the ECB shall report annually to the
preview data by the end of the second working day of the
Governing Council on the quality of output feed data.
following calendar month to the extent that, pursuant to
DQM metrics, the DQM thresholds have not been met.
Article 10
5. Where
there
is
no
benchmark
data
available
outside
the
Simplified amendment procedure
CSDB initial DQM shall rely solely on information that is
readily available to the DQM competent authority or which
Taking account of the views of the ESCB Statistics Committee,
can be easily obtained without setting up any new reporting
the Executive Board of the ECB shall be entitled to make
structure.
technical amendments to the Annexes to this Guideline,
provided that such amendments do not change the underlying
conceptual framework of the Guideline, including the division
6. DQM
competent
authorities
shall
correct
input
data
in of responsibilities between the ECB and the NCBs, or materially
accordance with the DQM workflow by using the CSDB
affect the reporting burden on DQM competent authorities. The
system or by providing input data files to the ECB, as appro
Executive Board shall inform the Governing Council of any such
priate.
amendment without undue delay.
Article 6
Article 11
Regular DQM
Entry into force
1. Regular
DQM
shall
be
applied
to
DQM
targets
3a,
3b,
4,
5
1. This
Guideline
shall
enter
into
force
on
1
November
and 6, as specified in Annex I.
2012.
2. DQM
competent
authorities
shall
carry
out
regular
DQM
within one month following the end of each calendar month.
2. This
Guideline
shall
apply
from
1
July
2013.

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L 307/92
EN
Official Journal of the European Union
7.11.2012
Article 12
Addressees
This Guideline is addressed to all Eurosystem central banks.
Done at Frankfurt am Main, 26 September 2012.
For the Governing Council of the ECB
The President of the ECB
Mario DRAGHI

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7.11.2012 Off
ANNEX I
DQM TARGETS, IMPLEMENTATION, ATTRIBUTES AND DQM THRESHOLD BASIS
DQM target DQM
metrics Implementation Output
feed
data
attributes DQM
threshold
basis
EN
Target 1:
Concept:
Target 1 assesses the stability of stock data. Explicit attributes: Issue date for debt, Amounts outstanding or market

maturity date for debt, nominal capitalisation in euro, expressed as
Data stability – stock data
The metric shall be defined for each Unverified changes to CSDB attributes currency, quotation basis, instrument share of stock data.
country of residence/sector combination shall not decrease the share of stable data ESA class, issuer country of residence,
as a volume weighted ‘index of change’, beyond the DQM threshold for each of the issuer ESA sector, issuer European Clas
weighted with monetary amounts. An following European System of Accounts sification of Economic Activities
index value of 1 shall indicate that the (ESA) (1 ) issuer sectors:
(NACE) classification, amount
respective attribute has not changed for
outstanding, number of shares
any of the underlying securities, while an — S.11 ‘non-financial corporations’ (S.11 outstanding for quoted shares.
index value of 0 shall indicate that the
pursuant to ESA 95)
respective attribute has changed for all
securities.
— S.121 ‘the central bank’ (S.121
pursuant to ESA 95)
icial
If an index drops below 1, individual
Jour
securities shall be identified with the — S.122 ‘deposit-taking corporations
changed attribute that has caused the
except the central bank’ (S.122
nal
index drop with a view to verifying the
pursuant to ESA 95)
change until the threshold is met.
of
— S.123 ‘money market funds (MMF)’
the
Events triggering an index change:
(S.122 pursuant to ESA 95)
European
For discrete attributes, any month-on- — S.124 ‘non-MMF investment funds’
month difference in the attribute is
(S.123 pursuant to ESA 95)
considered to trigger an index change.
— S.125 ‘other financial intermediaries,
Union
For continuous attributes, any month-on-
except insurance corporations and
month difference larger than 25 % is
pension funds’ (S.123 pursuant to
considered to trigger an index change.
ESA 95)
Coverage:
— S.126 ‘financial auxiliaries’ (S.124
pursuant to ESA 95)
This DQM metric shall cover all
investment fund shares, equity and debt — S.127 ‘captive financial institutions and
securities including certificates which do
money lenders’ (S.123 pursuant to ESA
not have a maturity date older than three
95)
months.
— S.128 ‘insurance corporations (IC)’
(S.125 pursuant to ESA 95)
— S.129 ‘pension funds (PF)’ (S.125
pursuant to ESA95)
— S.13 ‘general government’ (S.13
L
pursuant to ESA 95).
307/93

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L 307/94
DQM target DQM
metrics Implementation Output
feed
data
attributes DQM
threshold
basis
Target 2:
Concept:
Target 2 assesses new issues and Explicit attributes: amount outstanding. Amounts outstanding in euro,
redemptions against the respective stock
expressed as relative development
Data accuracy – new issues and The metric shall be defined for each data.
Implicit attributes: Issue date, maturity compared to respective stock data.
redemptions; net issuances
country of residence/sector combination
date, nominal currency, quotation
and shall cover new issues, redemptions Unverified outstanding amount data of basis, instrument ESA classification,
and outstanding amounts of debt securities new issues and redemptions of debt issuer country of residence, issuer ESA
EN
quoted in percentage.
securities quoted in percentage shall in sector.

net terms not exceed the DQM threshold
The metric shall relate the net issuance for each of the following ESA issuer
activity during the month to the sectors:
outstanding amount at the end of the
previous month (percentage change) and — S.11 ‘non-financial corporations’ (S.11
shall monitor the relative development of
pursuant to ESA 95)
outstanding debt.
— S.121 ‘the central bank’ (S.121
It shall be possible to access disaggregated
pursuant to ESA 95)
Off
data down to the individual new issues
and redemptions which have caused the — S.122 ‘deposit-taking corporations
icial
change in outstanding amounts. These
except the central bank’ (S.122
Jour
developments shall be verified until the
pursuant to ESA 95)
threshold is met.
nal
— S.123 ‘money market funds (MMF)’
of
(S.122 pursuant to ESA 95)
the
— S.124 ‘non-MMF investment funds’
European
(S.123 pursuant to ESA 95)
— S.125 ‘other financial intermediaries,
except insurance corporations and
Union
pension funds’ (S.123 pursuant to
ESA 95)
— S.126 ‘financial auxiliaries’ (S.124
pursuant to ESA 95)
— S.127 ‘captive financial institutions and
money lenders’ (S.123 pursuant to ESA
95)
— S.128 ‘insurance corporations (IC)’
(S.125 pursuant to ESA 95)
— S.129 ‘pension funds (PF)’ (S.125
pursuant to ESA95)
7.11.2012
— S.13 ‘general government’ (S.13
pursuant to ESA 95).

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7.11.2012 Off
DQM target DQM
metrics Implementation Output
feed
data
attributes DQM
threshold
basis
Target 3a:
Conceptual background:
Target 3a assesses the correct identification Explicit attributes: Issuer identifier used Amounts outstanding in euro
of the issuer population.
for grouping.
referring to instruments in clash
Data accuracy – support correct The CSDB links issuer and instrument
groups, expressed as a percentage
sector allocation and data information on a relational basis which Where there is a disagreement on the
share of all instruments.
extraction by issuer
can be described as ‘one to many’, i.e. issuer of an instrument, i.e. instruments
one issuer can be related to many instru in ‘clash groups’, such instruments shall
EN
ments, while each instrument is related to not exceed the DQM threshold.

only one issuer. This instrument-issuer link
is made via individual issuer identifiers
provided by the different input data
providers. These identifiers differ between
the data providers as there is, so far, no
common standard but they should be
consistent.
If input data providers provide inconsistent
(clashing) issuer identifiers for the same
instrument, i.e. if they disagree on the
icial
issuer, the instrument cannot be allocated
to a definite issuer and ends up in a ‘clash
Jour
group’. Clash groups can still be classified
nal
correctly by country and sector but there
is no consistent link to the relevant issuer
of
of the instrument.
the
European
Instruments in clash groups prevent the
consistent and reliable extraction of all
instruments issued by a certain issuer.
Union
Instruments in clash groups increase the
risk of misclassification by country of
residence or sector.
Concept:
For each country of residence the metric
shall identify the instruments in clash
groups and shall relate them as a
percentage share in terms of counts or in
terms of monetary amounts to all
instruments for that country.
Coverage:
The metric shall cover all instruments in
the CSDB.
L
307/95

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L 307/96
DQM target DQM
metrics Implementation Output
feed
data
attributes DQM
threshold
basis
Target 3b:
Conceptual background:
Target 3b assesses the correct identification Explicit attributes: Issuer identifier used Amounts outstanding in euro
of the issuer population.
for grouping.
referring to instruments in stand-
Data accuracy – support correct The CSDB links issuer and instrument
alone groups, expressed as a
Where there is no reliable information on
sector allocation and data information on a relational basis which
percentage share of all instruments.
the issuer of an instrument, i.e.
extraction by issuer
may be described as ‘one to many’, i.e. instruments in ‘stand-alone groups’, such
one issuer can be related to many
EN
instruments shall not exceed the DQM
instruments while each instrument is

threshold.
related to only one issuer. This
instrument-issuer link is made via indi
vidual issuer identifiers which are
provided by the different input data
providers. These identifiers differ between
the data providers as there is, so far, no
common standard but they should be
consistent.
If no data provider provides an issuer
Off
identifier for a given instrument, there is
icial
a risk that this instrument will not be
allocated to a definite issuer and will end
Jour
up in a ‘stand-alone group’ consisting only
nal
of this instrument. Stand-alone groups
may still be classified correctly by
of
country and sector but there is no
the
consistent link to the relevant issuer of
European
the instrument.
Instruments in stand-alone groups prevent
the consistent and reliable extraction of all
Union
instruments issued by a certain issuer.
Instruments in stand-alone groups increase
the risk of misclassification by country of
residence or sector, given that they are
often provided with incomplete
information.
Concept:
For each country of residence the metric
shall identify the instruments in stand-
alone groups and shall relate them as a
percentage share in terms of counts or in
terms of monetary amounts to all
instruments for that country.
7.11.2012

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7.11.2012 Off
DQM target DQM
metrics Implementation Output
feed
data
attributes DQM
threshold
basis
Coverage:
The metric shall cover all instruments in
the CSDB.
Target 4:
Concept:
Target 4 compares CSDB output data to Explicit attributes: Amount outstanding Amounts outstanding or market
EN
external benchmark data.
in euro, market capitalisation in euro. capitalisation in euro, expressed as a

Data accuracy – amount
The metric shall aggregate amounts
percentage difference between CSDB
outstanding of debt securities outstanding for debt securities including Unverified and unexplained differences Implicit attributes: issue date, maturity and external benchmark.
including certificates
certificates by the country of residence of between aggregated CSDB data and the date, currency, issuer ESA sector,
each issuer and by issuer sector pursuant respective information from ECB SEC or country of residence.
to the concept of securities issues statistics other reliable benchmarks shall, subject
(SEC).
to the availability of such benchmark
data, not exceed the DQM threshold for
This aggregate shall be compared to the the same reference date for each of the
respective SEC figure and the percentage following ESA issuer sectors:
deviation of the CSDB data shall be calcu
lated.
— S.11 ‘non-financial corporations’ (S.11
pursuant to ESA 95)
icial
Unverified and unexplained differences
shall not exceed the DQM threshold.
— S.121 ‘the central bank’ (S.121
Jour
pursuant to ESA 95)
nal
— S.122 ‘deposit-taking corporations
except the central bank’ (S.122
of
pursuant to ESA 95)
the
European
— S.123 ‘money market funds (MMF)’
(S.122 pursuant to ESA 95)
— S.124 ‘non-MMF investment funds’
(S.123 pursuant to ESA 95)
Union
— S.125 ‘other financial intermediaries,
except insurance corporations and
pension funds’ (S.123 pursuant to
ESA 95)
— S.126 ‘financial auxiliaries’ (S.124
pursuant to ESA 95)
— S.127 ‘captive financial institutions and
money lenders’ (S.123 pursuant to ESA
95)
— S.128 ‘insurance corporations (IC)’
(S.125 pursuant to ESA 95)
— S.129 ‘pension funds (PF)’ (S.125
pursuant to ESA95)
— S.13 ‘general government’ (S.13
L
pursuant to ESA 95).
307/97

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L 307/98
DQM target DQM
metrics Implementation Output
feed
data
attributes DQM
threshold
basis
Target 5:
Concept:
Target 5 compares CSDB output data to Explicit attributes: Amount outstanding Amounts outstanding or market
external benchmark data.
in euro, number of shares outstanding capitalisation in euro, expressed as a
Data accuracy – market capitali The metric shall aggregate market capitali
for quoted shares.
percentage difference between CSDB
sation equity
sation for equity shares by country of Unverified and unexplained differences
and external benchmark.
residence of each issuer and issuer sector between aggregated CSDB information Implicit attributes: nominal currency,
pursuant to the concept of securities issues and the respective information from ECB issuer ESA sector, country of residence,
EN
statistics.
SEC or other reliable benchmarks shall price value for quoted shares (outlier

not, subject to the availability of check only).
This aggregate shall be compared to the benchmark data, exceed the DQM
respective SEC figure and the percentage threshold for the same reference date for
deviation of the CSDB data shall be calcu each of the following ESA issuer sectors:
lated.
— S.11 ‘non-financial corporations’ (S.11
Unverified and unexplained differences
pursuant to ESA 95)
shall not exceed the DQM threshold.
— S.121 ‘the central bank’ (S.121
pursuant to ESA 95)
Off
icial
— S.122 ‘deposit-taking corporations
except the central bank’ (S.122
Jour
pursuant to ESA 95)
nal
— S.123 ‘money market funds (MMF)’
of
(S.122 pursuant to ESA 95)
the
— S.124 ‘non-MMF investment funds’
European
(S.123 pursuant to ESA 95)
— S.125 ‘other financial intermediaries,
except insurance corporations and
Union
pension funds’ (S.123 pursuant to
ESA 95)
— S.126 ‘financial auxiliaries’ (S.124
pursuant to ESA 95)
— S.127 ‘captive financial institutions and
money lenders’ (S.123 pursuant to ESA
95)
— S.128 ‘insurance corporations (IC)’
(S.125 pursuant to ESA 95)
— S.129 ‘pension funds (PF)’ (S.125
pursuant to ESA95)
— S.13 ‘general government’ (S.13
pursuant to ESA 95).
7.11.2012

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7.11.2012 Off
DQM target DQM
metrics Implementation Output
feed
data
attributes DQM
threshold
basis
Target 6:
Concept:
Target 6 assesses the statistical classifi Issuer ESA sector, country of residence. Amounts outstanding or market
cation of issuers.
capitalisation in euro, expressed as
Data accuracy – issuer classifi The metric shall rank issuers for each
‘capitalisation’, i.e. amounts
cation
country of residence/issuer sector The statistical classification of the issuers
outstanding plus market capitali
combination pursuant to their total up to the DQM threshold shall be
sation per issuer.
security-based liabilities (equity and debt verified for each of the following ESA
EN
combined). The metric shall also indicate issuer sectors:

absolute rank changes between different
issuers to facilitate identification of — S.11 ‘non-financial corporations’ (S.11
significant outliers in outstanding pursuant to ESA 95)
amounts or market capitalisation. The
country of residence and sector classifi — S.121 ‘the central bank’ (S.121
cation of the issuer shall be verified up
pursuant to ESA 95)
to the DQM threshold.
— S.122 ‘deposit-taking corporations
Coverage:
except the central bank’ (S.122
pursuant to ESA 95)
The metric shall cover all investment fund
icial
shares, equity and debt securities which do — S.123 ‘money market funds (MMF)’
not have a maturity date older than three
(S.122 pursuant to ESA 95)
Jour
months.
— S.124 ‘non-MMF investment funds’
nal
(S.123 pursuant to ESA 95)
of
— S.125 ‘other financial intermediaries,
the
except insurance corporations and
European
pension funds’ (S.123 pursuant to
ESA 95)
— S.126 ‘financial auxiliaries’ (S.124
Union
pursuant to ESA 95)
— S.127 ‘captive financial institutions and
money lenders’ (S.123 pursuant to ESA
95)
— S.128 ‘insurance corporations (IC)’
(S.125 pursuant to ESA 95)
— S.129 ‘pension funds (PF)’ (S.125
pursuant to ESA95)
— S.13 ‘general government’ (S.13
pursuant to ESA 95).
(1 ) The numbering of categories reflects the numbering introduced in the proposal for a regulation of the European Parliament and of the Council on the European System of national and regional accounts in the European Union,
COM(2010) 774 final.
L
307/99

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L 307/100
EN
Official Journal of the European Union
7.11.2012
ANNEX II
FEEDS AND OUTPUT FEED DATA ATTRIBUTES COVERED BY THE DQM FRAMEWORK
The DQM framework shall cover the following feeds which support different uses:
— Feed supporting external statistics (EXT 1.0)
— Financial vehicle corporations feed supporting statistics on financial vehicle corporations (FVC 1.0)
— Investment fund feed supporting statistics on investment funds (IF 1.0)
— Securities-holding feed supporting securities holding statistics (SHS 1.0)
— Government securities funding feed supporting statistics on government securities funding (GSF 1.0)
Output feed data attributes constituting the supported feeds:
Applicable feed
Output feed data attribute name Description
EXT
FVC
IF
SHS
GSF
1.0
1.0
1.0
1.0
1.0
International Security Identification ISIN security identifier.
√
√
√
√
√
Number (ISIN) code
Instrument European System of Classification of the security pursuant to
√
√
√
√
√
Accounts (ESA) class
ESA.
Debt type Type
of
debt
instrument.
√
√
Is In securities issues statistics (SEC) An
attribute
which
can
be
used
to
√
identify securities that should be
included in ‘current outstanding
amounts’, in line with the definitions
of ECB SEC.
Instrument supplementary class Supplementary
attribute
allowing
identi
√
fication of whether an instrument
should be included in SEC or not.
This attribute can take values such as
1 = ‘coupon strip’, 2 = ‘principal strip’
etc.
Security status Supplementary
attribute
allowing
identi
√
fication of whether an instrument
should be included in SEC or not.
This attribute can indicate whether an
instrument is alive or not.
Asset securitisation type Type
of
securing
asset.
√
√
Is In the Eligible Assets Database Attribute
indicating
whether
an
√
instrument is eligible to be pledged as
collateral for Eurosystem credit oper
ations.
Nominal currency Nominal
currency
of
the
instrument
√
√
√
√
√
(International Standards Organisation
(ISO) 4217).

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EN
7.11.2012 Official
Journal
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Union L
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Applicable feed
Output feed data attribute name Description
EXT
FVC
IF
SHS
GSF
1.0
1.0
1.0
1.0
1.0
Issue Date The
date
on
which
the
securities
are
√
√
√
√
√
delivered to the underwriter by the
issuer against payment. This is the
date when the securities are available
for delivery to investors for the first
time.
Note: For a strip, this column indicates
the date on which the coupon/principal
is stripped.
Maturity date Date
on
which
the
debt
instrument
is
√
√
√
√
√
actually redeemed.
Residual maturity The
residual
maturity
of
an
instrument
√
calculated at the date of population.
Issuer domicile country Country
of
legal
incorporation
√
√
√
√
√
(domicile) of the issuer of the security
(ISO 3166).
Issuer ESA sector Institutional
sector
of
the
issuer
√
√
√
√
√
pursuant to ESA.
Issuer European Classification of Main economic activity pursuant to √
Economic Activities (NACE) classifi NACE.
cation
Amount issued Amount
of
the
debt
instrument
that
has
√
been raised at issue (nominal value).
For a strip, this column indicates the
amount the coupon/principal has been
stripped at. For a security issued in
tranches, under one ISIN, this column
indicates the cumulative amount issued
so far.
Amount issued is denominated in
nominal currency.
Amount outstanding Outstanding
amount
in
nominal
value.
√
√
√
For a security issued in tranches, under
the same ISIN, this column indicates the
cumulative amount issued so far, net of
redemptions. Values are given in
nominal currency.
Amount outstanding is denominated in
nominal currency.
If nominal currency is missing, amount
outstanding is denominated in euro.
Amount outstanding in euro Amount
outstanding
converted
into
√
√
euro using the euro exchange rate vis-
à-vis nominal currency valid at the date
of population.
Market capitalisation Latest
available
market
capitalisation.
√
Market capitalisation is denominated in
nominal currency.
If nominal currency is missing, market
capitalisation is denominated in euro.

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L 307/102
EN
Official Journal of the European Union
7.11.2012
Applicable feed
Output feed data attribute name Description
EXT
FVC
IF
SHS
GSF
1.0
1.0
1.0
1.0
1.0
Yield to maturity Security
specific
yield
to
maturity
in √
√
percentage terms.
Short name Short
name
given
by
issuer,
defined
on
√
the basis of the characteristics of the
issue and any available information.
Pool factor For
mortgage
backed
securities,
pool
√
√
√
√
√
factor or remaining principal balance
factor is the outstanding principal
balance of the mortgage pool
underlying the security divided by
original principal balance.
Quotation basis Quotation
basis
of
the
instrument,
e.g.
√
√
√
√
√
percentage of nominal (percent) or
currency per share/unit (units).
Price value Last
available
representative
price
of
the
√
√
√
√
√
instrument at the reference date on
quotation basis and nominal currency,
if applicable, of the instrument. For
interest bearing securities, the clean
price is provided, i.e. excluding
accrued interest.
Price value type Nature
of
price
value,
i.e.
if
it
represents
√
√
√
√
√
a market valuation, estimated or a
default value.
Monthly average price Average
of
normalised
prices
of
the
√
√
instrument available in the last 30
calendar days up to the reference date
on quotation basis and nominal
currency, if applicable, of the instru
ment.
Redemption type Redemption
type,
e.g.
bullet,
perpetual,
√
structured, annuity, serial, irregular,
null, stepped.
Redemption frequency Number
of
redemptions
per
year
for
a
√
debt instrument.
Redemption price Final
redemption
price.
√
Accrued interest Interest
accrued
since
the
last
coupon
√
√
√
√
payment or since the accrual start
date. For interest bearing securities,
adding this value to the price value
results in the so-called ‘dirty price’.
Accrued income factor Daily
security
specific
income
factor
in
√
√
√
√
percentage, calculated following the
debtor approach. The factor is based
on accruals, i.e. giving the combined
effect of accrued interest and income
due to difference in issue and
redemption price.

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7.11.2012 Official
Journal
of
the
European
Union L
307/103
Applicable feed
Output feed data attribute name Description
EXT
FVC
IF
SHS
GSF
1.0
1.0
1.0
1.0
1.0
Coupon type
Type of coupon, e.g. fixed, floating,
√
√
stepped etc.
Last coupon rate Last
coupon
rate
in
percentage
per
√
√
√
√
annum actually paid (annualised rate).
Last coupon date
Date of last coupon rate actually paid.
√
√
√
√
The attribute allows for identification of
whether the last coupon rate actually
paid falls into the reporting period or
not.
Last coupon frequency Frequency
per
year,
in
which
the
last
√
√
√
√
coupon rate is being paid out: ‘annual’
transforms into AN, ‘semi-annual’ into
SA etc.
Dividend amount Amount
of
the
last
dividend
payment
√
√
√
per share (in dividend amount type)
before tax (gross dividend).
Dividend amount type Dividend
amount
per
share
may
be
√
√
√
denominated in dividend currency or
in number of shares.
Dividend currency ISO
4217
code
of
the
currency
of
the
√
√
√
last dividend payment.
Dividend Settlement date Settlement
date
of
the
last
dividend
√
√
√
payment. The attribute permits to
identify whether the dividend amount
paid falls into the reporting period or
not.
Last split factor
Stock splits and reverse splits of shares.
√
√
√
Last split date Date
as
of
which
the
stock
split
√
√
√
becomes effective.

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