HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN"L 297/94
EN
Official Journal of the European Union
7.11.2013
REGULATION (EU) No 1074/2013 of THE EUROPEAN CENTRAL BANK
of 18 October 2013
on statistical reporting requirements for post office giro institutions that receive deposits from
non-monetary financial institution euro area residents
(recast)
(ECB/2013/39)
THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,
subsector in the Member States whose currency is the
euro (hereinafter the ‘euro area Member States’), which
are viewed as one economic territory.
Having regard to the Statute of the European System of Central
Banks and of the European Central Bank, and in particular
Article 5 thereof,
(4) Pursuant
to
Article
3(1)
of
Regulation
(EU)
No
1071/2013 of the European Central Bank of
24 September 2013 concerning the balance sheet of
Having regard to Council Regulation (EC) No 2533/98 of
the monetary financial institutions sector
23 November 1998 concerning the collection of statistical
(ECB/2013/33) ( 4 ), the actual reporting population for
information by the European Central Bank (
that Regulation consists of the monetary financial insti

1 ), and in particular
Articles 5(1) and 6(4),
tutions (MFIs) resident in the territory of the euro area
Member States.
Having regard to the opinion of the European Commission,
(5) The
euro area monetary aggregates and their
counterparts are derived mainly from the MFI balance
sheet data collected pursuant to Regulation (EU)
Whereas:
No 1071/2013 (ECB/2013/33). However, the euro area
monetary aggregates include not only monetary liabilities
of MFIs vis-à-vis non-MFI euro area residents excluding
(1) Regulation
(EC)
No
1027/2006
of
the
European
central government but also monetary liabilities of
Central Bank of 14 June 2006 on statistical reporting
central government vis-à-vis non-MFI euro area
requirements in respect of post office giro institutions
residents excluding central government.
that receive deposits from non-monetary financial insti
tution euro area residents (ECB/2006/8) ( 2 ) needs to be
substantially amended, in particular in the light of Regu
lation (EU) No 549/2013 of the European Parliament and
(6) In
some
euro
area
Member
States,
POGIs
do
not
belong
of the Council of 21 May 2013 on the European system
to the central government sector under the revised
of national and regional accounts in the European
European System of Accounts (hereinafter the ‘ESA
Union (
2010’) laid down by Regulation (EU) No 549/2013,

3 ); therefore it should be recast in the interests
of clarity.
and they are not limited to receiving deposits solely on
behalf of their national Treasuries, but may receive
deposits on their own account.
(2) Regulation
(EC)
No
2533/98
provides
in
Article
2(1)
that, for the fulfilment of its statistical reporting require
ments, the European Central Bank (ECB), assisted by the
(7) POGIs
that
receive
deposits
are
in
this
respect
performing
national central banks (NCBs), shall have the right to
similar activities to those performed by MFIs. Both types
collect statistical information within the limits of the
of entity should therefore be subject to similar statistical
reference reporting population and of what is necessary
reporting requirements in so far as such requirements are
to carry out the tasks of the European System of Central
relevant to their business.
Banks. Article 2(2)(b) further provides that post office
giro institutions (POGIs) are part of the reference
reporting population, to the extent necessary to fulfil
the ECB’s statistical reporting requirements in the field
(8) It
is
necessary
to
ensure
harmonised
treatment
and
to
of monetary and financial statistics.
safeguard the availability of statistical information on

deposits received by POGIs.
(3)
The purpose of POGI data is to provide the ECB with
adequate statistics on the financial activities of the POGI
(9) The
standards
for
the
protection
and
use
of
confidential
statistical information as laid down in Article 8 of Regu
lation (EC) No 2533/98 should apply.
( 1 ) OJ L 318, 27.11.1998, p. 8.
( 2 ) OJ L 184, 6.7.2006, p. 12.
( 3 ) OJ L 174, 26.6.2013, p. 1.
( 4 ) See page 1 of this Official Journal.

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EN
7.11.2013 Official
Journal
of
the
European
Union L
297/95
(10) Article
7(1)
of
Regulation
(EC)
No
2533/98
provides
that
Article 3
the ECB has the power to impose sanctions on reporting
agents which fail to comply with statistical reporting
Statistical reporting requirements
requirements set out in ECB regulations or decisions,
1. The
actual
reporting
population
shall
report
monthly
stat
istical information relating to its end-of-month balance sheet, in
terms of stocks, to the relevant NCB.
HAS ADOPTED THIS REGULATION:
2. The
statistical
information
required
under
this
Regulation
relates to business carried out by a POGI on its own account
and is specified in Annexes I and II.
Article 1
Definitions
3. The
statistical
information
required
under
this
Regulation
For the purposes of this Regulation:
shall be reported in accordance with the minimum standards for
transmission, accuracy, compliance with concepts and revisions
set out in Annex III.
(1) ‘reporting agents’ and ‘resident’ have the same meaning as
defined in Article 1 of Regulation (EC) No 2533/98;
4. The
NCBs
shall
define
and
implement
the
reporting
arrangements to be followed by the actual reporting population
in accordance with national requirements. The NCBs shall
ensure that these reporting arrangements provide the statistical
(2) ‘post office giro institution (POGI)’ means a post office that
information required under this Regulation and allow accurate
belongs to the sector ‘non-financial corporations’ (Sector 11,
checking of the fulfilment of the minimum standards for trans
ESA 2010), and, as a complement to postal services,
mission, accuracy, compliance with concepts and revisions
receives deposits from non-MFI euro area residents with a
specified in Annex III.
view to providing money transfer services for its depositors;
Article 4
Mergers, divisions and reorganisations
(3) ‘relevant NCB’ means the NCB of the euro area Member
State in which the POGI is resident.
In the event of a merger, division or any other reorganisation
that might affect the fulfilment of its statistical obligations, the
reporting agent concerned shall inform the relevant NCB, once
the intention to implement such operation has become public
Article 2
and within a reasonable time before it takes effect, of the
procedures that are planned to fulfil the statistical reporting
Actual reporting population
requirements set out in this Regulation.
1. The actual reporting population shall consist of the POGIs
resident in the territory of the euro area Member States.
Article 5
Timeliness
2. The
Executive
Board
may
establish
and
maintain
a
list
of The NCBs shall transmit the statistical information reported
POGIs subject to this Regulation. The NCBs and the ECB shall
pursuant to Article 3(1) and (2) to the ECB by close of
make this list and its updates accessible to the POGIs concerned
business on the 15th working day following the end of the
in an appropriate way, including via electronic means, the
month to which they relate. The NCBs shall decide when they
Internet or, at the request of the POGIs concerned, in paper
need to receive data from reporting agents in order to meet this
form. The list shall be for information only. However, in the
deadline.
event that the latest accessible version of the list is incorrect, the
ECB shall not impose sanctions on any POGI that has not
properly fulfilled its statistical reporting requirements to the
Article 6
extent that it relied in good faith on the incorrect list.
Accounting rules for the purpose of statistical reporting
1. Subject
to
paragraphs
2
and
3,
the
accounting
rules
followed by POGIs for the purposes of reporting under this
3. NCBs may
grant derogations
to POGIs
from the Regulation shall be those laid down in the national trans
requirement to report statistical information under this Regu
position of Council Directive 86/635/EEC of 8 December
lation, provided that the required statistical information is
1986 on the annual accounts and consolidated accounts of
already collected from other available sources. NCBs shall
banks and other financial institutions ( 1 ), as well as in any
check the fulfilment of this condition in good time in order
other applicable international accounting standards.
to grant or withdraw, if necessary, any derogation with effect
from the start of each year, in agreement with the ECB.
( 1 ) OJ L 372, 31.12.1986, p. 1.

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L 297/96
EN
Official Journal of the European Union
7.11.2013
2. Deposit
liabilities
and
loans
shall
be
reported
at
the reporting population does not fulfil the minimum standards for
nominal amount outstanding at the end of the month.
transmission, accuracy, compliance with concepts and revisions
Deposit liabilities and loans shall not be netted against any
specified in Annex III.
other assets or liabilities.
Article 8
First reporting
3. Without
prejudice
to
accounting
practices
and
netting
arrangements prevailing in the euro area Member States, all
First reporting shall begin with monthly data for December
financial assets and liabilities shall be reported on a gross
2014.
basis for statistical purposes.
Article 9
Repeal
4. NCBs may allow the reporting of provisioned loans net of
provisions and the reporting of purchased loans at the price
1. Regulation
(EC)
No
1027/2006
(ECB/2006/8)
is
repealed
agreed at the time of their acquisition, provided that such
with effect from 1 January 2015.
reporting practices are applied by all resident reporting agents.
2. References
to
the
repealed
Regulation
shall
be
construed
as references to this Regulation and shall be read in accordance
with the correlation table set out in Annex IV.
Article 7
Verification and compulsory collection
Article 10
The NCBs shall exercise the right to verify or collect compul
Final provisions
sorily the information which reporting agents are required to
provide pursuant to this Regulation, without prejudice to the
This Regulation shall enter into force on the 20th day following
ECB’s right to exercise this right itself. In particular, the NCBs
its publication in the Official Journal of the European Union. It
shall exercise this right when a POGI included in the actual
shall apply from 1 January 2015.
This Regulation shall be binding in its entirety and directly applicable in the Member States in
accordance with the Treaties.
Done at Frankfurt am Main, 18 October 2013.
For the Governing Council of the ECB
The President of the ECB
Mario DRAGHI

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EN
7.11.2013 Official
Journal
of
the
European
Union L
297/97
ANNEX I
STATISTICAL REPORTING REQUIREMENTS

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L 297/98
EN
Official Journal of the European Union
7.11.2013
ANNEX II
DEFINITIONS RELATING TO THE STATISTICAL REPORTING REQUIREMENTS
Consolidation for statistical purposes within the same national territory
POGIs consolidate for statistical purposes the business of all their offices (registered or head office and/or branches)
located within the same national territory. No consolidation for statistical purposes is permitted across national bound
aries.
(a) If a parent company and its subsidiaries are POGIs located in the same Member State, the parent company is
permitted to consolidate in its statistical returns the business of these subsidiaries.
(b) If a POGI has branches located within the territories of the other euro area Member States, the registered or head
office located in a given euro area Member State must consider 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 must consider the positions towards the registered or head office or towards other branches of the same
institution located within the territories of the other euro area Member States as positions towards residents in
the other euro area Member States.
(c) If a POGI has branches located outside the territory of the euro area Member States, the registered or head office in a
given euro area Member State must consider 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 must consider the positions
towards the registered or head office or towards other branches of the same institution located outside the euro
Member States as positions towards residents of the rest of the world.
Definitions of sectors
The ESA 2010 provides the standard for sector classification. Counterparties of POGIs located in the territory of the euro
area Member States are identified according to their domestic sector or institutional classification in accordance with the
lists maintained by the European Central Bank (ECB) for statistical purposes, and the guidance for the statistical classifi
cation of counterparties provided in the ECB’s ‘Monetary financial institutions and markets statistics sector manual:
Guidance for the statistical classification of customers’.
Table
Definitions of sectors
Sector Definition
MFIs MFIs
as
defined
in
Article
1
of
Regulation
(EU)
No
1071/2013
(ECB/2013/33).
This
sector consists of national central banks (NCBs), credit institutions as defined in Union
law, MMFs, other financial institutions whose business is to receive deposits and/or close
substitutes for deposits from entities other than MFIs and, for their own account, at least
in economic terms, to grant loans and/or make investments in securities, and electronic
money institutions that are principally engaged in financial intermediation in the form
of issuing electronic money
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)

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Sector Definition
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
Article
1
of
Regulation
(EU)
No
1073/2013
(ECB/2013/38)
concerning
statistics on the assets and liabilities of investment funds. This 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, The other financial intermediaries, except insurance corporations and pension funds
except insurance corporations subsector (S.125) consists of all financial corporations and quasi-corporations which
and pension funds + financial are principally engaged in financial intermediation by incurring liabilities in forms
auxiliaries + captive financial other than currency, deposits (or close substitutes for deposits), investment fund shares/
institutions and money
units, or in relation to insurance, pension and standardised guarantee schemes from
lenders
institutional units (ESA 2010, paragraphs 2.86 to 2.94)
The financial auxiliaries subsector (S.126) consists of all financial corporations and
quasi-corporations which are principally engaged in activities closely related to
financial intermediation but which are not financial intermediaries themselves. This
subsector also includes head offices whose subsidiaries are all or mostly financial corpor
ations (ESA 2010, paragraphs 2.95 to 2.97)
The captive financial institutions and money lenders subsector (S.127) consists of all
financial corporations and quasi-corporations which are neither engaged in financial
intermediation nor in providing financial auxiliary services, and where most of either
their assets or their liabilities are not transacted on open markets. This subsector
includes holding companies that hold controlling-levels of equity of a group of
subsidiary corporations and whose principal activity is owning the group without
providing any other service to the businesses in which the equity is held, that is, they
do not administer or manage other units (ESA 2010, paragraphs 2.98 to 2.99)
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)

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Sector Definition
Households + non-profit insti The households sector (S.14) consists of individuals or groups of individuals as
tutions serving households
consumers and as entrepreneurs producing market goods and non-financial and
financial services (market producers) provided that the production of goods and
services is not by separate entities treated as quasi-corporations. It also includes indi
viduals or groups of individuals as producers of goods and non-financial services for
exclusively own final use. The household sector includes sole proprietorships and part
nerships without independent legal status, other than those treated as quasi-corporations,
which are market producers (ESA 2010, paragraphs 2.118 to 2.128)
The non-profit institutions serving households (NPISHs) sector (S.15) consists of non-
profit institutions which are separate legal entities, which serve households and are
private non-market producers. Their principal resources are voluntary contributions in
cash or in kind from households in their capacity as consumers, from payments made
by general governments and from property income (ESA 2010, paragraphs 2.129 to
2.130)
Definitions of instrument categories
1. This table provides a detailed standard description of the instrument categories which NCBs transpose into categories
applicable at the national level in accordance with this Regulation. The table does not constitute a list of individual
financial instruments and the descriptions are not exhaustive. The definitions refer to the ESA 2010.
2. Original maturity, i.e. maturity at issue, refers to the fixed period of life of a financial instrument before which it
cannot be redeemed, e.g. debt securities, or before which it can be redeemed only with some kind of penalty, e.g. some
types of deposits. The notice period corresponds to the time between the moment the holder gives notice of an
intention to redeem the instrument and the date on which the holder is allowed to convert it into cash without
incurring a penalty. Financial instruments are classified according to the period of notice only when there is no agreed
maturity.
3. Financial claims can be distinguished by whether they are negotiable or not. A claim is negotiable if its ownership is
readily capable of being transferred from one unit to another by delivery or endorsement or of being offset in the case
financial derivatives. While any financial instrument can be potentially traded, negotiable instruments are designed to
be traded on an organised exchange or ‘over-the-counter’, although actual trading is not a necessary condition for
negotiability.
Detailed description of instrument categories of the monthly aggregated balance sheet
ASSET CATEGORIES
Category Description
of
main
features
1. Cash
Holdings of euro and foreign banknotes and coins in circulation that are commonly
used to make payments
2. Loans Holdings
of
financial
assets
created
when
creditors
lend
funds
to
debtors,
which
are
either not evidenced by documents or are evidenced by non-negotiable documents. This
item also includes assets in the form of deposits placed by reporting agents.
This item includes:
(a) deposits, as defined under liability category 5;
(b) bad loans that have not yet been repaid or written off;
The total amount of loans in respect of which repayment is overdue or otherwise
identified as being impaired, partially or totally, in accordance with the definition of
default in Article 178 of Regulation (EU) No 575/2013;

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Category Description
of
main
features
(c) holdings of non-negotiable securities
Holdings of debt securities which are not negotiable and cannot be traded on
secondary markets;
(d) traded loans
Loans that have de facto become negotiable are to be classified under the asset item
‘loans’ provided that there is no evidence of secondary market trading. Otherwise
they should be classified as debt securities (category 3);
(e) subordinated debt in the form of deposits or loans
Subordinated debt instruments provide a subsidiary claim on the issuing institution
that can only be exercised after all claims with a higher status (e.g. deposits/loans)
have been satisfied, giving them some of the characteristics of equity. For statistical
purposes, subordinated debt is to be treated as either ‘loans’ or ‘debt securities’
according to the nature of the financial instrument. Where POGI holdings of all
forms of subordinated debt are currently identified as a single figure for statistical
purposes, this figure is to be classified under the asset item ‘debt securities’, on the
grounds that subordinated debt is predominately constituted in the form of secur
ities, rather than as loans;
(f) claims under reverse repos or securities borrowing against cash collateral
Counterpart of cash paid out in exchange for securities purchased by reporting agents
at a given price under a firm commitment to resell the same or similar securities at
fixed price on a specified future date, or securities borrowing against cash collateral.
The following item is not treated as a loan:
loans granted on a trust basis
Loans granted on a trust basis, i.e. trust loans or fiduciary loans are loans made in the
name of one party (hereinafter the ‘trustee’) on behalf of a third party (hereinafter the
‘beneficiary’). For statistical purposes, trust loans are not to be recorded on the balance
sheet of the trustee where the risks and rewards of ownership of the funds remain with
the beneficiary. The risks and rewards of ownership remain with the beneficiary where:
(a) the beneficiary assumes the credit risk of the loan, i.e. the trustee is responsible only
for the administrative management of the loan; or (b) the beneficiary’s investment is
guaranteed against loss, should the trustee go into liquidation, i.e. the trust loan is not
part of the assets of the trustee that can be distributed in the event of bankruptcy
3. Debt securities Holdings
of
debt
securities,
which
are
negotiable
financial
instruments
serving
as
evidence of debt, are usually traded on secondary markets or can be offset on the
market, and which do not grant the holder any ownership rights over the issuing
institution.
This item includes:
(a) holdings of securities which give the holder the unconditional right to a fixed or
contractually determined income in the form of coupon payments and/or a stated
fixed sum at a specific date or dates, or starting from a date defined at the time of
issue;

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7.11.2013
Category Description
of
main
features
(b) loans that have become negotiable on an organised market, i.e. traded loans,
provided that there is evidence of secondary market trading, including the
existence of market makers, and frequent quotation of the financial asset, such as
provided by bid-offer spreads. Where this is not the case they should be classified
under the asset item ‘loans’ (see also ‘traded loans’ in category 2d);
(c) subordinated debt in the form of debt securities (see also ‘subordinated debt in the
form of deposits or loans’ in category 2e).
Securities lent out under securities lending operations or sold under a repurchase
agreement remain on the original owner’s balance sheet (and are not to be recorded
on the balance sheet of the temporary acquirer) where there is a firm commitment to
reverse the operation, and not simply an option to do so. Where the temporary acquirer
sells the securities received, this sale must be recorded as an outright transaction in
securities and entered in the balance sheet of the temporary acquirer as a negative
position in the securities portfolio
3a/3b Debt securities of up to These items include:
and including one
year/of over one year
and up to and (a) holdings of negotiable debt securities of original maturity of up to and including one
including two years’
year/of over one year and up to and including two years;
original maturity
(b) loans that have become negotiable on an organised market, i.e. traded loans that are
classified as debt securities, of original maturity of up to and including one year/of
over one year and up to and including two years;
(c) subordinated debt in the form of debt securities of original maturity of up to and
including one year/of over one year and up to and including two years.
4. Money market fund shares/ This asset item includes holdings of MMF shares/units (see definition in Regulation (EU)
units
No 1071/2013 (ECB/2013/33) Annex I, Part 1, Section 2)
LIABILITY CATEGORIES
Category Description
of
main
features
5. Deposits
Amounts (deposits or other), which are owed to creditors by reporting agents and which
comply with the features described in Section 1 of Part 1 of Annex I to Regulation (EU)
No 1071/2013 (ECB/2013/33). For the purposes of the reporting scheme, this category
is broken down into overnight deposits, deposits with agreed maturity and deposits
redeemable at notice
(a) deposits and loans
‘Deposits’ also cover ‘loans’ as liabilities of POGIs. In conceptual terms, loans
represent amounts received by POGIs that are not structured in the form of
‘deposits’. The ESA 2010 distinguishes between ‘loans’ and ‘deposits’ on the basis
of the party that takes the initiative, i.e. if this is the borrower, then it constitutes a
loan, but if this is the lender, then it constitutes a deposit. Within the reporting
scheme, ‘loans’ are not recognised as a separate category on the liabilities side of the
balance sheet. Instead, balances that are considered as ‘loans’ are to be classified
indistinguishably under the item ‘deposit liabilities’, unless they are represented by
negotiable instruments. This is in line with the definition of ‘deposit liabilities’ above.
Loans to POGIs that are classified as ‘deposit liabilities’ are to be broken down in
accordance with the requirements of the reporting scheme, i.e. by sector, instrument,
currency and maturity. Syndicated loans received by reporting agents fall under this
category.

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Union L
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Category Description
of
main
features
(b) non-negotiable debt instruments
Non-negotiable debt instruments issued by reporting agents are generally to be
classified as ‘deposit liabilities’. Non-negotiable instruments issued by reporting
agents that subsequently become negotiable and that can be traded on secondary
markets should be reclassified as ‘debt securities’.
(c) margin deposits
Margin deposits (margins) made under derivative contracts should be classified as
‘deposit liabilities’ where they represent cash collateral deposited with POGIs and
where they remain in the ownership of the depositor and are repayable to the
depositor when the contract is closed out. In principle, margins received by the
reporting agent should only be classified as ‘deposit liabilities’ to the extent that
the POGI is provided with funds that are freely available for on-lending; where a part
of the margin received by the POGI has to be passed to another derivatives market
participant, e.g. the clearing house, only that part which remains at the disposal of
the POGI should in principle be classified as ‘deposit liabilities’. The complexities of
current market practice may make it difficult to identify those margins that are truly
repayable, because different types of margin are placed indistinguishably within the
same account, or those margins that provide the POGI with resources for on lending.
In these cases, it is acceptable to classify these margins under ‘remaining liabilities’ or
as ‘deposit liabilities’.
(d) earmarked balances
According to national practice ‘earmarked balances’ related to e.g. leasing contracts
are classified as deposit liabilities under ‘deposits with agreed maturity’ or ‘deposits
redeemable at notice’ depending on the maturity/provisions of the underlying
contract.
The following item is not treated as a deposit:
Funds (deposits) received on a trust basis are not recorded on the POGI statistical
balance sheet (see ‘Loans granted on a trust basis’ under category 2)
5.1 Overnight deposits
Deposits which are convertible into currency and/or which are transferable on demand
by cheque, banker’s order, debit entry or similar means, without significant delay,
restriction or penalty. This item includes:
(a) balances (interest-bearing or not) which are immediately convertible into currency on
demand or by close of business on the day following that on which the demand was
made, without any significant penalty or restriction, but which are not transferable;
(b) balances (interest-bearing or not) representing prepaid amounts in the context of
‘hardware-based’ or ‘software-based’ e-money, e.g. prepaid cards;
(c) loans to be repaid by close of business on the day following that on which the loan
was granted.
5.2 Deposits with agreed Non-transferable deposits which cannot be converted into currency before an agreed
maturity
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

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L 297/104
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Official Journal of the European Union
7.11.2013
Category Description
of
main
features
5.2a/5.2b Deposits of up to These items include for each maturity breakdown:
and including one
year/of over one
year and up to (a) Balances placed with a fixed term to maturity of up to and including one year/of
and including two
over one year and up to and including two years that are non-transferable and
years’ agreed
cannot be converted into currency before that maturity;
maturity
(b) Balances placed with a fixed term to maturity of up to and including one year/of
over one year and up to and including two years that are non-transferable but can
be redeemed before that term after prior notification; where notification has been
given, these balances should be classified in 5.3a;
(c) Balances placed with a fixed term to maturity of up to and including one year/of
over one year and up to and including two years that are non-transferable but can be
redeemed on demand subject to certain penalties;
(d) Margin payments made under derivative contracts to be closed out within one
year/between one and two years, representing cash collateral placed to protect
against credit risk but remaining in the ownership of the depositor and being
repayable to the depositor when the contract is closed out;
(e) Loans, which are either evidenced by non-negotiable documents or not evidenced by
documents, of up to and including one year/of over one year and up to and
including two years original maturity;
(f) Non-negotiable debt securities issued by POGIs of original maturity of up to and
including one year/of over one year and up to and including two years;
(g) Subordinated debt issued by POGIs in the form of deposits or loans of original
maturity of up to and including one year/over one year and up to and including two
years.
5.3. Deposits redeemable at Non-transferable deposits without any agreed maturity which cannot be converted into
notice
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’)
5.3a Deposits redeemable at This item includes:
up to and including
three months’ notice
(a) Balances placed without a fixed maturity that can be withdrawn only subject to a
prior notice of up to and including three months; if redemption prior to that notice
period (or even on demand) is possible, it involves the payment of a penalty; and
(b) Balances placed with a fixed term to maturity that are non-transferable but that have
been subject to a notification of less than three months, for an earlier redemption.
In addition, deposits redeemable at up to and including three months’ notice include
non-transferable sight savings deposits and other types of retail deposits which, although
legally redeemable on demand, are subject to significant penalties

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EN
7.11.2013 Official
Journal
of
the
European
Union L
297/105
ANNEX III
MINIMUM STANDARDS TO BE APPLIED BY THE ACTUAL REPORTING POPULATION
Reporting agents must fulfil the following minimum standards to meet the European Central Bank’s (ECB’s) statistical
reporting requirements.
1. Minimum standards for transmission:
(a) reporting must be timely and within the deadlines set by the relevant NCB;
(b) statistical reports must take the 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 NCBs must be followed.
2. Minimum standards for accuracy:
(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);
(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
should 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.
3. Minimum standards for compliance with concepts
(a) the 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.
4. Minimum standards for revisions
The revisions policy and procedures set by the ECB and the relevant NCB must be followed. Revisions deviating from
regular revisions must be accompanied by explanatory notes.

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L 297/106
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Official Journal of the European Union
7.11.2013
ANNEX IV
Correlation table
Regulation (EC) No 1027/2006 (ECB/2006/8) This
Regulation
Articles 1-3 Articles
1-3
— Article
4
Article 4 Article
5
Article 5 Article
6
Article 6 Article
7
— Article
8
— Article
9
Article 7 Article
10
Annex I Annex
I

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Document Outline

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