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7.11.2013 Official
Journal
of
the
European
Union L
297/51
REGULATION (EU) No 1072/2013 OF THE EUROPEAN CENTRAL BANK
of 24 September 2013
concerning statistics on interest rates applied by monetary financial institutions (recast)
(ECB/2013/34)
THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,
information about interest rate developments is needed
for the ESCB to contribute to the smooth conduct of
policies pursued by the competent authorities relating
to the prudential supervision of credit institutions and
Having regard to the Statute of the European System of Central
the stability of the financial system.
Banks and of the European Central Bank, and in particular
Article 5 thereof,
(3)
The ECB is required, in accordance with the Treaty on
Having regard to Council Regulation (EC) No 2533/98 of
the Functioning of the European Union and under the
23 November 1998 concerning the collection of statistical
conditions laid down in the Statute of the European
information by the European Central Bank (
System of Central Banks and of the European Central

1 ), and in particular
Articles 5(1) and 6(4) thereof,
Bank (hereinafter the ‘Statute of the ESCB’), to make
regulations to the extent necessary to implement the
ESCB’s tasks as defined in the Statute of the ESCB and
in some cases as laid down in the provisions adopted by
Having regard to the opinion of the European Commission,
the Council pursuant to Article 129(4) of the Treaty on
the Functioning of the European Union.
Whereas:
(4)
Article 5.1 of the Statute of the ESCB requires the ECB,
assisted by the national central banks (NCBs), to collect
the necessary statistical information either from the
(1) Regulation
(EC)
No
63/2002
of
the
European
Central
competent national authorities or directly from
Bank of 20 December 2001 concerning statistics on
economic agents in order to undertake the ESCB’s
interest rates applied by monetary financial institutions
tasks. Article 5.2 of the Statute of the ESCB stipulates
to deposits and loans vis-à-vis households and non-
that the NCBs carry out, to the extent possible, the tasks
financial corporations (ECB/2001/18)
( 2 ) has been
described in Article 5.1.
substantially amended. Since further amendments are to
be made, in particular in the light of Regulation (EU)
No 549/2013 of the European Parliament and of the
Council of 21 May 2013 on the European system of
national and regional accounts in the European
(5) It
may
be
necessary,
and
reduce
the
reporting
burden,
for
Union (
NCBs to collect from the actual reporting population the

3 ), it should be recast in the interests of clarity.
statistical information necessary to fulfil the statistical
reporting requirements of the ECB as part of a broader
statistical reporting framework which the NCBs establish
(2) The
European
System
of
Central
Banks
(ESCB)
requires,
under their own responsibility in accordance with Union
for the fulfilment of its tasks, the production of statistics
or national law or established practice and which serves
on interest rates applied by monetary financial insti
other statistical purposes, provided the fulfilment of the
tutions (MFIs), with the exception of central banks and
ECB’s statistical reporting requirements is not jeopardised.
money market funds (MMFs), to deposits and loans vis-à-
In order to foster transparency, it is appropriate, in these
vis households and non-financial corporations, the main
cases, to inform the reporting agents that data are
purpose of which is to provide the European Central
collected to fulfil other statistical purposes. In specific
Bank (ECB) with a comprehensive, detailed and
cases, the ECB may rely on statistical information
harmonised statistical picture of the level of interest
collected for such other purposes to fulfil its require
rates applied by these institutions and their changes
ments.
over time. These interest rates provide the final link in
the mechanism for the transmission of the monetary
policy arising from changes in official interest rates
and, therefore, are a necessary precondition for a
(6) Since
the
adoption
of
Regulation
(EC)
No
63/2002
reliable analysis of monetary developments in the
(ECB/2001/18), there have been improvements in the
Member States whose currency is the euro (hereinafter
reporting scheme for interest rates on loans to
the ‘euro area Member States’). At the same time,
households and non-financial corporations and in the
methods for selecting the actual reporting population
and these should therefore be taken into account in
( 1 ) OJ L 318, 27.11.1998, p. 8.
( 2 ) OJ L 10, 12.1.2002, p. 24.
the sampling instructions and statistical reporting
( 3 ) OJ L 174, 26.6.2013, p. 1.
requirements.

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Official Journal of the European Union
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(7) It is also necessary to enable the ECB to provide
HAS ADOPTED THIS REGULATION:
analytical and statistical support to the European
Systemic Risk Board in accordance with Council Regu
lation (EU) No 1096/2010 of 17 November 2010
conferring specific tasks upon the European Central
Bank concerning the functioning of the European
Article 1
Systemic Risk Board ( 1 ).
Definitions
For the purpose of this Regulation:
(8) Article
3
of
Regulation
(EC)
No
2533/98
requires
the
ECB to specify the actual reporting population within
the limits of the reference reporting population and to
minimise the reporting burden involved. In view of the
1. the terms ‘reporting agents’, and ‘resident’ have the same
specific characteristics of the MFI sector in each of the
meaning as defined in Article 1 of Regulation (EC)
euro area Member States, the final choice of the selection
No 2533/98;
method as regards the actual reporting population is left
to the NCBs. The aim is to reduce the reporting burden
while at the same time ensuring high quality statistics.
Article 5(1) provides that the ECB may adopt regulations
for the definition and the imposition of its statistical
2. ‘households’ means, the household sector and the sector of
reporting requirements on the actual reporting popu
non-profit institutions serving households (S.14 and S.15
lation of euro area Member States. Article 6(4) provides
combined) as set out in the revised European System of
that the ECB may adopt regulations specifying the
Accounts (hereinafter the ‘ESA 2010’) laid down by Regu
conditions under which the right to verify or to carry
lation (EU) No 549/2013;
out the compulsory collection of statistical information
may be exercised.
3. ‘non-financial corporations’ means the sector of non-
(9) Article
4
of
Regulation
(EC)
No
2533/98
provides
for
financial corporations (S.11) as set out in ESA 2010;
Member States to organise themselves in the field of
statistics and to cooperate fully with the ESCB in order
to ensure fulfilment of the obligations arising from
Article 5 of the Statute of the ESCB.
4. ‘monetary financial institution’ (MFI) has the same meaning
as defined in Article 1 of Regulation (EU) No 1071/2013 of
the European Central Bank of 24 September 2013
(10) While it is recognised that regulations adopted by the
concerning the balance sheet of the monetary financial insti
ECB under Article 34.1 of the Statute of the ESCB do
tutions sector (ECB/2013/33) ( 2 );
not confer any rights or impose any obligations on
Member States whose currency is not the euro (here
inafter the ‘non-euro area Member States’), Article 5 of
the Statute of the ESCB applies to both euro area and
non-euro area Member States. Recital 17 of Regulation
5. ‘MFI interest rate statistics’ means statistics relating to those
(EC) No 2533/98 refers to the fact that Article 5 of the
interest rates that are applied by resident MFIs except central
Statute of the ESCB, together with Article 4(3) of the
banks and MMFs to euro-denominated deposits and loans
Treaty on European Union, implies an obligation to
vis-à-vis households and non-financial corporations resident
design and implement at national level all the measures
in the euro area Member States. ‘MFI interest rate statistics’
that the non-euro area Member States consider appro
include corresponding new business volumes of euro-
priate in order to carry out the collection of the statistical
denominated deposits and loans, as well as new business
information needed to fulfil the ECB’s statistical reporting
volumes of renegotiated loans;
requirements and timely preparations in the field of stat
istics in order for them to become euro area Member
States.
6. ‘money market funds’(MMF) has the same meaning as
defined in Article 1 of Regulation (EU) No 1171/2013 of
(11) The
standards
for
the
protection
and
use
of
confidential
the European Central Bank (ECB/2013/33);
statistical information as laid down in Article 8 of Regu
lation (EC) No 2533/98 should apply.
7. ‘reference reporting population’ means resident MFIs except
(12) Article
7(1)
of
Regulation
(EC)
No
2533/98
provides
that
central banks and MMFs which take euro-denominated
the ECB has the power to impose sanctions on reporting
deposits from and/or grant euro-denominated loans to
agents which fail to comply with statistical reporting
households and/or non-financial corporations resident in
requirements set out in ECB regulations or decisions,
the euro area Member States;
( 1 ) OJ L 331, 15.12.2010, p. 162.
( 2 ) See page 1 of this Official Journal.

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8. ‘tail institution’ means a small MFI except a central bank or
of the minimum standards for transmission, accuracy,
an MMFs that has been granted a derogation pursuant to
compliance with concepts and revisions as referred to in
Article 4.
paragraph 3.
Article 2
3. The
required
statistical
information
shall
be
reported
in
accordance with the minimum standards for transmission,
Actual reporting population
accuracy, compliance with concepts and revisions as set out
in Annex II.
1. The
actual
reporting
population
shall
consist
of
resident
MFIs except central banks and MMFs drawn from the reference
reporting population and selected by NCBs. NCBs shall select
4. The
NCBs
shall
report
the
aggregated
national
monthly
the actual reporting population either through a census or a
statistical information to the ECB by close of business on the
sample.
19th working day after the end of the reference month.
2. In
the
case
of
a
sample,
the
NCBs
shall
stratify
the 5. The ECB may impose sanctions on reporting agents which
reference reporting population into homogeneous strata and
fail to comply with the statistical reporting requirements set out
then either select the actual reporting population at random
in this Regulation in accordance with Decision ECB/2010/10 of
from each stratum or select the largest institutions within
19 August 2010 on non-compliance with statistical reporting
each stratum.
requirements ( 2 ).
Article 4
3. In
the
case
of
random
sampling
selection,
the
minimum
national sample size shall be such that the maximum random
Derogations
error at national level does not on average exceed 10 basis
1. Where
reporting
agents
are
selected
by
a
census,
NCBs
points at a confidence interval of 90 %. Where the largest insti
may grant derogations to small MFIs except central banks and
tutions are selected, the minimum national sample size shall
MMFs in respect of reporting frequency, provided that the
comply with a similar level of quality measure on the basis of
combined contribution of these reporting agents to the
a function of the estimated mean absolute value of the errors.
national MFI balance sheet in terms of outstanding amounts,
as calculated in accordance with Regulation (EU) No 1071/2013
(ECB/2008/33), does not exceed 5 %. Instead of monthly
4. NCBs
shall
also
apply
the
formulas
and
criteria
for
the reporting, tail institutions may report MFI interest rate statistics
selection of the actual reporting population set out in Guideline
on a quarterly basis.
ECB/2007/9 of 1 August 2007 on monetary, financial insti
tutions and market statistics ( 1 ).
2. NCBs shall check the fulfilment of the conditions set out
in paragraph 1 annually in a timely manner in order to grant or
5. Each
NCB
shall
inform
its
resident
reporting
agents
about withdraw, if necessary, any derogation with effect from the start
their statistical reporting requirements following national
of each year.
procedures.
3. Tail
institutions
may
choose
not
to
make
use
of
the
dero
gations and to fulfil the full statistical reporting requirements
6. The
Governing
Council
shall
be
entitled
to
check instead.
compliance with this Article.
4. For grossing up to 100 % coverage, NCBs may choose the
Article 3
procedure for carrying forward the reported data into the
missing periods by applying appropriate statistical estimation
Statistical reporting requirements
techniques to take into account trends in the data or seasonal
patterns. NCBs shall monitor the number of tail institutions on
1. For the purposes of the regular production of MFI interest
an annual basis.
rate statistics, the actual reporting population shall report
monthly statistical information relating to new business and
outstanding amounts to the NCB of the Member State in
Article 5
which the reporting agent is resident. The required statistical
information is specified in Annex I.
Verification and compulsory collection
The NCBs shall exercise the right to verify or to collect compul
sorily information which reporting agents are required to
2. The
NCBs
shall
define
and
implement
the
reporting provide pursuant to this Regulation, without prejudice to the
arrangements to be followed by the actual reporting population
ECB’s right to exercise this right itself. In particular, the NCBs
in accordance with national requirements. The NCBs shall
shall exercise this right when a reporting agent does not fulfil
ensure that these reporting arrangements provide the statistical
the minimum standards for transmission, accuracy, compliance
information required and allow accurate checking of fulfilment
with concepts and revisions specified in Annex II.
( 1 ) OJ L 341, 27.12.2007, p. 1.
( 2 ) OJ L 226, 28.8.2010, p. 48.

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Article 6
2. References
to
the
repealed
Regulation
shall
be
construed
as references to this Regulation and shall be read in accordance
First reporting
with the correlation table in Annex IV.
First reporting pursuant to this Regulation shall start with data
for December 2014.
Article 8
Article 7
Final provision
Repeal
This Regulation shall enter into force on the 20th day following
1. Regulation
(EU)
No
63/2002
(ECB/2001/18)
is
repealed its publication in the Official Journal of the European Union. It
with effect from 1 January 2015.
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, 24 September 2013.
For the Governing Council of the ECB
The President of the ECB
Mario DRAGHI

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ANNEX I
REPORTING SCHEME FOR MONETARY FINANCIAL INSTITUTION INTEREST RATE STATISTICS
PART 1
Type of rate
I. Annualised agreed rate
General principle
1. The type of rate that reporting agents provide for all instrument categories of deposits and loans referring to new
business and outstanding amounts is the annualised agreed rate (AAR). It is defined as the interest rate that is
individually agreed between the reporting agent and the household or non-financial corporation for a deposit or
loan, converted to an annual basis and quoted in percentages per annum. The AAR covers all interest payments on
deposits and loans, but no other charges that may apply. Disagio, defined as the difference between the nominal
amount of the loan and the amount received by the customer, is considered as an interest payment at the start of the
contract (time t 0 ) and is therefore reflected in the AAR.
2. If interest payments agreed between the reporting agent and the household or non-financial corporation are capi
talised at regular intervals within a year, for example per month or quarter rather than per annum, the agreed rate is
annualised by means of the following formula to derive the annualised agreed rate:
r
n
x
ag

8 : 1 n 9 ; 1
with:
x as
the
AAR,
r ag as the interest rate per annum that is agreed between the reporting agents and the household or non-financial
corporation for a deposit or loan where the dates of the interest capitalisation of the deposit and all the
payments and repayments of the loan are at regular intervals within the year, and
n as the number of interest capitalisation periods for the deposit and (re)payment periods for the loan per year,
i.e. 1 for yearly payments, 2 for semi-annual payments, 4 for quarterly payments and 12 for monthly payments.
3. National central banks (NCBs) may require their reporting agents to provide the narrowly defined effective rate (NDER)
for all or some deposit and loan instruments referring to new business and outstanding amounts, instead of the AAR.
The NDER is defined as the interest rate, on an annual basis, that equalises the present value of all commitments
other than charges (deposits or loans, payments or repayments, interest payments), future or existing, agreed by the
reporting agents and the household or non-financial corporation. The NDER is equivalent to the interest rate
component of the annual percentage rate of charge (APRC) as defined in Article 3(i) of Directive 2008/48/EC of the
European Parliament and of the Council of 23 April 2008 on credit agreements for consumers and repealing Council
Directive 87/102/EEC ( 1 ). The NDER uses successive approximation and can therefore be applied to any type of
deposit or loan, whereas the AAR uses the algebraic formula defined in paragraph 2 and is therefore only applicable
to deposits and loans with regular capitalisation of interest payments. All other requirements are identical, which
means that references in the remainder of this Annex to the AAR also apply to the NDER.
Treatment of taxes, subsidies and regulatory arrangements
4. The interest payments covered in the AAR reflect what the reporting agent pays on deposits and receives for loans.
Where the amount paid by one party and received by the other differs, the point of view of the reporting agent
determines the interest rate reported for the purposes of MFI interest rate statistics.
5. Following this principle, interest rates are recorded on a gross basis before tax, since the pre-tax interest rates reflect
what reporting agents pay on deposits and receive for loans.
6. Furthermore, subsidies granted to households or non-financial corporations by third parties are not taken into
account when determining the interest payment, because the subsidies are not paid or received by the reporting
agent.
( 1 ) OJ L 133, 22.5.2008, p. 66.

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7. Favourable rates that reporting agents apply to their employees are covered by MFI interest rate statistics.
8. Where regulatory arrangements affect interest payments, for example interest rate ceilings or the prohibition of
remuneration of overnight deposits, these are reflected in MFI interest rate statistics. Any change in the rules
determining regulatory arrangements, for example the level of administered interest rates or interest rate ceilings,
is shown in MFI interest rate statistics as a change in the interest rate.
II. Annual percentage rate of charge
9. In addition to AARs, the reporting agents provide the APRC for new business in respect of consumer credit and
loans to households for house purchases, i.e.:
— one APRC for new business consumer credit (see indicator 30 in Appendix 2), and
— one APRC for new business loans to households for house purchases (see indicator 31 in Appendix 2) ( 1 ).
10. The APRC covers the ‘total cost of the credit to the consumer’, as defined in Article 3(g) of Directive 2008/48/EC.
These total costs comprise an interest rate component and a component of other (related) charges, such as the cost of
inquiries, administration, preparation of the documents, guarantees, credit insurance, etc.
11. The composition of the component of other charges may vary across countries, because the definitions in Directive
2008/48/EC are applied differently, and because national financial systems and the procedure for securing credits
differ.
III. Convention
12. Reporting agents apply a standard year of 365 days for the compilation of the AAR, i.e. the effect of an additional
day in leap years is ignored.
PART 2
Business coverage
13. Reporting agents provide MFI interest rate statistics referring to outstanding amounts and to new business.
IV. Interest rates on outstanding amounts
14. Outstanding amounts are defined as the stock of all deposits placed by households and non-financial corporations with
the reporting agent and the stock of all loans granted by the reporting agent to households and non-financial
corporations.
15. An interest rate on outstanding amounts reflects the weighted average interest rate applied to the stock of deposits or
loans in the relevant instrument category as at the time reference point as defined in paragraph 29. The weighted
average interest rate is the sum of the AAR multiplied by the corresponding outstanding amounts and divided by the
total outstanding amounts. It covers all outstanding balances on contracts that have been agreed in all the periods
prior to the reference date.
V. New business on overnight deposits, deposits redeemable at notice, credit card debt and revolving loans and
overdrafts
16. In the case of overnight deposits, deposits redeemable at notice, credit card debt and revolving loans and overdrafts
as defined in paragraphs 46 to 49 and 55, the concept of new business is extended to the whole stock. Hence, the
debit or credit balance, i.e. the amount outstanding at the time reference point as defined in paragraph 32, is used as
an indicator for new business on overnight deposits, deposits redeemable at notice, credit card debt and revolving loans and
overdrafts.
17. The interest rates for overnight deposits, deposits redeemable at notice, credit card debt and revolving loans and
overdrafts reflect the weighted average interest rate applied to the stock on these accounts at the time reference point
as defined in paragraph 32. They cover the current balance sheet positions of all outstanding contracts that have been
agreed in all the periods prior to the reference date.
( 1 ) NCBs may grant derogations for consumer credit and loans to households for house purchase vis-à-vis non-profit institutions serving
households.

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18. In order to calculate MFI interest rates on accounts that can either be a deposit or a loan, depending on their balance,
reporting agents distinguish between the periods with a credit balance and the periods with a debit balance. The
reporting agents report weighted average interest rates referring to the credit balances as overnight deposits and
weighted average interest rates referring to the debit balances as overdrafts. They do not report weighted average
interest rates combining (low) overnight deposit rates and (high) overdraft rates.
VI. New business in instrument categories other than overnight deposits, deposits redeemable at notice, credit card
debt and revolving loans and overdrafts
19. The following paragraphs 20 to 27 refer to deposits with agreed maturity, repurchase agreements (repos) and all
loans other than revolving loans and overdrafts and credit card debt as defined in paragraphs 46 to 49 and 55.
Paragraphs 22 to 23 on renegotiated loans refer only to loans other than revolving loans, overdrafts and credit card
debt.
20. New business is defined as any new agreement between the household or non-financial corporation and the reporting
agent. New agreements comprise:
— all financial contracts, that specify for the first time the interest rate of the deposit or loan, and
— all renegotiations of existing deposit and loan contracts as defined in paragraph 21.
21. Renegotiation refers to the active involvement of the household or non-financial corporation in adjusting the terms
and conditions of an existing deposit or loan contract, including the interest rate. Thus, extensions and other
adjustments of the terms and conditions that are carried out automatically, i.e. without any active involvement of
the household or non-financial corporation, are not renegotiations.
22. For the separate reporting of new business volumes of renegotiated loans to households and non-financial corpor
ations in MFI interest rate statistics, renegotiation refers to new business loans, other than credit card debt and
revolving loans and overdrafts, already on the balance sheet of the reporting agent at the end of the month preceding
the reference month.
23. Loans for debt restructuring are not per se excluded from renegotiated loans. However, if the restructuring involves a
renegotiation of the interest rate, and as a result, the loan is granted at a rate below market conditions as described in
paragraph 28, it should not be included in renegotiated loans nor new business.
24. The new business rate reflects the weighted average interest rate applied to the deposits and loans in the relevant
instrument category in respect of new agreements concluded between households or non-financial corporations and
the reporting agent during the time reference period as defined in paragraph 35.
25. Changes in floating interest rates in the sense of automatic adjustments of the interest rate performed by the
reporting agent are not new agreements and are therefore not considered as new business. For existing contracts,
these changes in floating rates are therefore not captured in new business rates but only in the average rates on
outstanding amounts.
26. A change from fixed to floating interest rates or vice versa (at time t 1 ) during the course of the contract, which has
been agreed at the start of the contract (time t 0 ), is not a new agreement but part of the terms and conditions of the
loan laid down at time t 0 . It is therefore not considered as new business.
27. A household or non-financial corporation is normally expected to take out a loan other than a revolving loan or
overdraft in full at the start of the contract. It may, however, take out a loan in one or more tranches at times t 1 , t 2 ,
t 3, etc. instead of taking out the full amount at the start of the contract (time t 0 ). The fact that a loan is taken out in
one or more tranches is irrelevant for MFI interest rate statistics. The agreement between the household or non-
financial corporation and the reporting agent at time t 0 , which includes the interest rate and the full amount of the
loan, is covered by MFI interest rate statistics on new business. If a renegotiation of the terms and conditions of the
loan takes place after time t 0 , the full amount granted and not yet repaid by the time the renegotiation takes place
should be reported under renegotiated loans.

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VII. Treatment of bad loans and loans for debt restructuring below market conditions
28. Bad loans and loans for debt restructuring granted at rates below market conditions are not included in the weighted
average interest rates or in the new business volumes. Bad loans are defined in accordance with Annex II to
Regulation (EU) No 1071/2013 (ECB/2013/33), and the total amount of a loan partially or totally classified as a
bad loan is excluded from MFI interest rates statistics. Loans for debt restructuring, i.e. restructuring in relation to
financially distressed debtors, should be defined in accordance with existing national definitions.
PART 3
Time reference point
VIII. Time reference point for MFI interest rates on outstanding amounts
29. NCBs decide whether at national level the MFI interest rates on outstanding amounts, i.e. indicators 1 to 26 described
in Appendix 1, are compiled as a snapshot of end-period observations or as implicit rates referring to period
averages. The period covered is one month.
30. Interest rates on outstanding amounts as a snapshot of end-month observations are calculated as weighted averages
of the interest rates applied to the stock of deposits and loans at a certain point in time on the last day of the month.
At that point in time, the reporting agent collects the interest rates applicable and the amounts involved for all
outstanding deposits and loans vis-à-vis households and non-financial corporations and compiles a weighted average
interest rate for each instrument category. In contrast to monthly averages, MFI interest rates on outstanding amounts
compiled as end-month observations only cover those contracts that are still outstanding at the time of the data
collection.
31. Interest rates on outstanding amounts as implicit rates referring to the average of the month are calculated as
quotients, with the accrued interest payable on deposits and receivable on loans during the reference month as the
numerator, and the average stock during the month as the denominator. At the end of the reference month, the
reporting agent reports the accrued interest payable or receivable during the month for each instrument category and
the average stock of deposits and loans during the same month. In contrast to end-month observations, the MFI
interest rates on outstanding amounts compiled as monthly averages also include contracts that were outstanding at
some time during the month but are no longer outstanding at the end of the month. The average stock of deposits
and loans during the reference month is ideally compiled as the average of daily stocks over the month. As a
minimum standard, the average monthly stock is derived from daily balances for volatile instrument categories, i.e. at
least overnight deposits, deposits redeemable at notice, extended credit card credit and revolving loans and overdrafts.
For all other instrument categories, the average monthly stock is derived from weekly or more frequent balances.
IX. Time reference point for new business on overnight deposits, deposits redeemable at notice, extended credit card
credit and revolving loans and overdrafts
32. NCBs decide whether at national level the MFI interest rates on overnight deposits, deposits redeemable at notice,
extended credit card credit and revolving loans and overdrafts, i.e. indicators 1, 5, 6, 7, 12, 23, 32 and 36 described
in Appendix 2, are compiled as a snapshot of end-period observations or as implicit rates referring to period
averages. The period covered is one month.
33. Analogous to the compilation of the interest rates on outstanding amounts contained in Appendix 1, the interest
rates on overnight deposits, deposits redeemable at notice, extended credit card credit and revolving loans and
overdrafts are compiled in either of the following manners:
(a) a snapshot of end-month observations is calculated, i.e. weighted averages of the interest rates applied to the
stock of these deposits and loans at a certain point in time on the last day of the month. At that time, the
reporting agent collects the interest rates and the amounts involved for all overnight deposits, deposits
redeemable at notice, extended credit card credit and revolving loans and overdrafts vis-à-vis households and
non-financial corporations, and compile a weighted average interest rate for each instrument category. In contrast
to monthly averages, MFI interest rates on outstanding amounts compiled as end-month observations only cover
those contracts that are still outstanding at the time of data collection;
(b) implicit rates referring to the average of the month are calculated, i.e. quotients, with the accrued interest payable
on deposits and receivable on loans as the numerator and the average daily stock as the denominator. At the end
of the month, for overnight deposits, deposits redeemable at notice, extended credit card credit and revolving
loans and overdrafts the reporting agent reports the accrued interest payable or receivable during the month and
the average stock of deposits and loans during the same month. For overnight deposits, deposits redeemable at

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notice, extended credit card credit and revolving loans and overdrafts the average monthly stock is derived from
daily balances. In contrast to end-month observations, the MFI interest rates on outstanding amounts compiled as
monthly averages also include contracts that were outstanding at some time during the month, but are no longer
outstanding at the end of the month.
34. Concerning accounts that can either be a deposit or a loan, depending on their balance, only the balance at a certain
time on the last day of the month determines whether the account is an overnight deposit or an overdraft in that
month, if MFI interest rates are compiled as a snapshot of end-month observations. If MFI interest rates are calculated
as implicit rates referring to the average of the month, an assessment is made each day as to whether the account is a
deposit or a loan. An average of the daily credit balances and the daily debit balances is then calculated to derive the
average monthly stock for the denominator of the implicit rates. Furthermore, the flow in the numerator distin
guishes between accrued interest payable on deposits and receivable on loans. Reporting agents do not report
weighted average interest rates combining (low) overnight deposit rates and (high) overdraft rates.
X. Time reference point for new business (other than overnight deposits, deposit redeemable at notice, credit card debt
and revolving loans and overdrafts)
35. MFI interest rates on new business other than overnight deposits, deposits redeemable at notice, credit card debt, and
revolving loans and overdrafts, i.e. all of the indicators described in Appendix 2 except indicators 1, 5, 6, 7, 12, 23,
32 and 36 are calculated as period averages. The period covered is (the whole of) one month.
36. For each instrument category, the reporting agents calculate the new business rate as a weighted average of all
interest rates on new business operations in the instrument category during the reference month. These interest rates
referring to the average of the month are transmitted to the NCB of the Member State whose currency is the euro
(hereinafter the ‘euro area Member State’) in which the reporting agent is resident, together with the amount of new
business conducted during the reporting month for each instrument category. Reporting agents take into account the
new business operations conducted during the entire month.
37. For the indicators referring to renegotiated loans to households and non-financial corporations, i.e. indicators 88 to
91 described in Appendix 2, only information on new business volumes is required. All renegotiations of existing
deposit and loan contracts as defined in paragraphs 22 to 27 should be taken into account, even if the same contract
is renegotiated more than once during the reference month.
PART 4
Instrument categories
XI. General provisions
38. Reporting agents provide MFI interest rate statistics on outstanding amounts for the instrument categories specified in
Appendix 1 and on new business for the instrument categories specified in Appendix 2. As defined in paragraph 16,
the interest rates on overnight deposits, deposits redeemable at notice, revolving loans and overdrafts and extended
credit card credit are interest rates on new business, although the concept of new business is extended to the whole
stock, and are therefore included in Appendix 2.
39. An instrument category specified in Appendices 1 and 2 is inapplicable at national level in some euro area Member
States and therefore ignored if resident credit and other institutions do not offer any products belonging to this
category to households and non-financial corporations at all. Data are provided if some business exists, however
limited.
40. For each instrument category defined in Appendices 1 and 2, and applied in the banking business of resident credit
and other institutions with households and non-financial corporations resident in the euro area Member States, the
MFI interest rate statistics are compiled based on all of the interest rates applied to all of the products that fall within
this instrument category. This means that NCBs may not define a set of national products within each instrument
category on which MFI interest rate statistics are collected; instead, the rates on all products offered by each of the
reporting agents are covered. As stated in Article 16 of Guideline ECB/2007/9 of 1 August 2007 on monetary,
financial institutions and market statistics ( 1 ), NCBs do not need to cover in the sample each product that exists at
national level. However, they must not exclude a whole instrument category on the grounds that the amounts
involved are very small. Hence, if an instrument category is only offered by one institution, then this institution is
represented in the sample. If an instrument category did not exist in a euro area Member State at the time of the
initial drawing of the sample, but a new product belonging to this category is being introduced by one institution
thereafter, this institution is included in the sample at the time of the next representativity check. If a new product is
created within an existing instrument category at national level, the institutions in the sample cover it with the next
reporting, as all reporting agents are required to report on all their products.
( 1 ) OJ L 341, 27.12.2007, p. 1.

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41. The exception to the principle of covering all interest rates applied to all products are interest rates on bad loans and
loans for debt restructuring. As stated in paragraph 28, all bad loans, and loans for debt restructuring at rates below
market conditions, i.e. applied to financially distressed debtors, are excluded from MFI interest rate statistics.
XII. Breakdown by currency
42. MFI interest rate statistics cover the interest rates applied by the reporting population. Data on deposits and loans in
currencies other than euro shall not be required at the level of all euro area Member States. This is reflected in
Appendices 1 and 2 where all indicators refer to deposits and loans denominated in euro.
XIII. Breakdown by sector
43. With the exception of repos, a sectoral breakdown shall be applied to all deposits and loans required for MFI interest
rate statistics. Appendices 1 and 2 therefore distinguish between indicators vis-à-vis households (including non-profit
institutions serving households) ( 1 ) and vis-à-vis non-financial corporations ( 2 ). In addition, separate data is reported
for sole proprietors/partnerships without legal status as part of households, but only in respect of new business loans
for ‘other purposes’. NCBs may waive the requirement of separate identification of loans to sole proprietors when
such loans constitute less than 5 % of the euro area Member State’s total household lending in terms of outstanding
amounts, as calculated in accordance with Regulation (EU) No 1071/2013 (ECB/2013/33).
44. Indicator 5 in Appendix 1 and indicator 11 in Appendix 2 refer to repos. Although the remuneration of repos is not
independent of the holding sector in all euro area Member States, no sector breakdown by households and non-
financial corporations is required for repos at the level of all euro area Member States. Furthermore, no maturity
breakdown is required at the level of all euro area Member States, as repos are assumed to be predominantly very
short-term. The MFI interest rate on repos refers without differentiation to both sectors.
45. Indicators 5 and 6 in Appendix 2 refer to deposits redeemable at notice held by households. The interest rate and the
weight for deposits redeemable at notice, however, at the level of all euro area Member States refer to deposits
redeemable at notice held by both households and non-financial corporations, i.e. both sectors are merged but
allocated to households. At the level of all euro area Member States, no sector breakdown is required.
XIV. Breakdown by type of instrument
46. Unless otherwise stated in the following paragraphs 47 to 55, the instrument breakdown for MFI interest rates and
the definitions of the types of instruments follow the asset and liabilities categories set out in Part 2 of Annex II to
Regulation (EU) No 1071/2013 (ECB/2013/33).
47. MFI interest rates on overnight deposits, i.e. indicators 1 and 7 in Appendix 2, cover all overnight deposits, whether
or not they are interest bearing. Zero-interest overnight deposits are therefore captured by MFI interest rate statistics.
48. For the purpose of MFI interest rate statistics, revolving loans and overdrafts, i.e. indicators 12 and 23 in Appendix 2,
have the same meaning as defined in Part 2 of Annex II to Regulation (EU) No 1071/2013 (ECB/2013/33), regardless
of their initial period of interest rate fixation. Penalties on overdrafts applied as component of other charges, for
example in the form of special fees, are not covered by the AAR as defined in paragraph 1, because this type of rate
only covers the interest rate on loans. Loans reported under this category are not reported under any other new
business category.
49. For the purpose of MFI interest rate statistics, credit card debt has the same meaning as defined in Part 2 of Annex II
to Regulation (EU) No 1071/2013 (ECB/2013/33). Data on the interest rate is reported only in respect of extended
credit card credit, in indicators 32 and 36. The interest rate on convenience credit card credit is not reported
separately, as it is by definition 0 %. However, the outstanding convenience credit card credit is included as part
of the MFI interest rate statistics on outstanding amounts, together with the outstanding extended credit card credit.
Neither extended nor convenience credit card credit is reported under any other new business indicator.
( 1 ) S.14 and S.15 combined, as defined in the ESA 2010 laid down by Regulation (EU) No 549/2013 of the European Parliament and of
the Council of 21 May 2013 on the European system of national and regional accounts in the European Union (OJ L 174, 26.6.2013,
p. 1).
( 2 ) S.11 as defined in ESA 2010.

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50. For the purpose of MFI interest rate statistics, new business loans to non-financial corporations (except revolving
loans and overdrafts and credit card debt), i.e. indicators 37 to 54, 80, 82, 84 and 91 in Appendix 2, comprise all
loans other than credit card debt and revolving loans and overdrafts to enterprises, regardless of their amount, while
indicators 62 to 79, 81, 83 and 85 refer to secured loans as defined in paragraph 64. Loans to non-financial
corporations in Appendix 1 referring to outstanding amounts have the same meaning as defined in Part 2 of Annex
II to Regulation (EU) No 1071/2013 (ECB/2013/33) and cover revolving loans and overdrafts and credit card debt.
51. For the purpose of MFI interest rate statistics, new business loans to households for consumption, i.e. indicators 13
to 15, 30 and 88 in Appendix 2, are defined as loans, other than credit card debt or revolving loans and overdrafts,
granted for the purpose of personal use in the consumption of goods and services, while indicators 55 to 57 refer to
secured loans as defined in paragraph 64. Loans for consumption in Appendix 1 referring to outstanding amounts
have the same meaning as defined in Part 2 of Annex II to Regulation (EU) No 1071/2013 (ECB/2013/33) and cover
revolving loans and overdrafts and credit card debt.
52. For the purpose of MFI interest rate statistics, new business loans to households for house purchases, i.e. indicators
16 to 19, 31, and 89 in Appendix 2, are defined as credit other than revolving loans and overdrafts or credit card
debt, extended for the purpose of investing in housing, including building, garages and home improvements (refur
bishment), while indicators 58 to 61 refer to secured loans as defined in paragraph 64. Loans to households for
house purchases in Appendix 1 referring to outstanding amounts have the same meaning as defined in Part 2 of
Annex II to Regulation (EU) No 1071/2013 (ECB/2013/33) and cover revolving loans and overdrafts and credit card
debt.
53. For the purpose of MFI interest rate statistics, new business loans to households for other purposes, i.e. indicators 20
to 22, 33 to 35 and 90 in Appendix 2, are defined as loans other than revolving loans and overdrafts or credit card
debt, granted for purposes such as business, debt consolidation, education, etc. Other loans to households in
Appendix 1 referring to outstanding amounts have the same meaning as defined in Part 2 of Annex II to Regulation
(EU) No 1071/2013 (ECB/2013/33) and include revolving loans and overdrafts and credit card debt.
54. For MFI interest rates on outstanding amounts, loans for consumption, loans to households for house purchases and
other loans to households for other purposes together cover all loans granted to households by resident credit and
other institutions, including revolving loans and overdrafts and credit card debt.
55. For MFI interest rates on new business, extended credit card credit, revolving loans and overdrafts, loans to
households for consumption, for house purchases and for other purposes cover all loans except convenience
credit card credit granted to households by resident credit and other institutions. Convenience credit card credit is
not separately reported in MFI interest rate statistics on new business, but is included as part of the corresponding
outstanding amount items.
XV. Breakdown by amount category
56. For other loans to non-financial corporations, i.e. indicators 37 to 54 and 62 to 85 in Appendix 2, three categories
of amounts are distinguished: (a) ‘up to and including EUR 0,25 million’; (b) ‘over EUR 0,25 million up to and
including EUR 1 million’; and (c) ‘over EUR 1 million’. The amount refers to the single loan transaction considered as
new business, rather than to all business between the non-financial corporation and the reporting agent.
XVI. Breakdown by original and residual maturity, notice and interest rate reset period or initial rate fixation
57. Depending on the type of instrument and on whether the MFI interest rate refers to outstanding amounts or to new
business, the statistics provide a breakdown by original and residual maturity, periods of notice and interest rate reset
and/or initial period of fixation of the rate. These breakdowns refer to time bands or ranges, for example an interest
rate on a deposit with an agreed maturity of up to two years refers to an average rate across all deposits with an
agreed original maturity between two days and a maximum of two years, weighted by size of the deposit.
58. The breakdown by original and residual maturity as well as periods of notice and interest rate reset follow the
definitions set out in Part 2 of Annex II to Regulation (EU) No 1071/2013 (ECB/2013/33). A breakdown by original
maturity is applied to all deposit categories other than repos referring to outstanding amounts and all lending
categories referring to outstanding amounts as set out in Appendix 1. A breakdown by original maturity in
combination with residual maturity and next interest rate reset is applied to indicators 15 to 26 as defined in
Appendix 1. A breakdown by original maturity is also applied to new business on deposits with agreed maturity, and
a breakdown by period of notice to new business on deposits redeemable at notice as set out in Appendix 2.
Separate data on loans to non-financial corporations with an initial period of interest rate fixation up to one year in
combination with original maturity above one year are reported for each size of loan band referred to in paragraph
56, as set out in Appendix 2.

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59. The lending interest rates on new business, except for indicators 88 to 91 on renegotiated loans in Appendix 2, are
broken down by the initial period of interest rate fixation contained in the contract. For the purpose of MFI interest
rate statistics, the initial period of fixation is defined as a predetermined period of time at the start of a contract
during which the value of the interest rate will not change. The initial period of fixation may be shorter than or equal
to the original maturity of the loan. The value of the interest rate is only considered to be unchangeable if it is
defined as an exact level, for example as 10 %, or as a differential to a reference rate at a fixed point in time, for
example as 6-month EURIBOR plus 2 percentage points at a certain predetermined day and time. If at the start of the
contract a procedure to calculate the lending rate is agreed between the household or non-financial corporation and
the reporting agent for a certain period of time, for example 6-month EURIBOR plus 2 percentage points for three
years, the initial rate fixation period is not considered to be three years, but six months, since the value of the interest
rate may change every six months during the three years. The MFI interest rate statistics on new lending business
only reflect the interest rate that is agreed for the initial period of fixation at the start of a contract or after
renegotiation of the loan. If after this initial period of fixation the interest rate automatically changes to a
floating rate, this is not reflected in the MFI interest rates on new business but only in those on outstanding amounts.
60. The following periods of initial rate fixation are distinguished for loans to households:
For loans to households for consumption and other purposes:
— floating rate and up to (and including) one year initial rate fixation,
— over one year and up to (and including) five years initial rate fixation, and
— over five years initial rate fixation.
For loans to households for house purchase:
— floating rate and up to (and including) one year initial rate fixation,
— over one and up to (and including) five years initial rate fixation,
— over five and up to (and including) 10 years initial rate fixation, and
— over 10 years initial rate fixation.
61. The following periods of initial rate fixation are distinguished for loans to non-financial corporations up to EUR 0,25
million, over EUR 0,25 million up to EUR 1 million and over EUR 1 million:
— floating rate and up to (and including) three months initial rate fixation,
— over three months and up to (and including) one year initial rate fixation,
— over one year and up to (and including) three years initial rate fixation,
— over three years and up to (and including) five years initial rate fixation,
— over five and up to (and including) ten years initial rate fixation, and
— over 10 years initial rate fixation.
62. For the purposes of MFI interest rate statistics, ‘floating rate’ is defined as the interest rate that is subject to interest
revisions on a continuous basis, e.g. every day, or at the discretion of the MFI except central banks and MMFs.
XVII. Breakdown by secured loans with collateral and/or guarantees
63. Loans to households and non-financial corporations secured with collateral and/or guarantees are additionally
separately reported for all MFI interest rate statistics new business categories except credit card debt, revolving
loans and overdrafts, and lending for other purposes. Furthermore, no breakdown by collateral/guarantees is
required for the indicators referring to new business volumes of renegotiated loans.

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64. For the purpose of MFI interest rate statistics, the breakdown of loans according to collateral/guarantees includes the
total amount of new business loans which are collateralised using the ‘funded credit protection’ technique as defined
in Article 4(1)(58) and Articles 197 to 200 of Regulation (EU) No 575/2013 of the European Parliament and of the
Council of 26 June 2013 on prudential requirements for credit institutions and investment firms ( 1 ) and/or guar
anteed using the ‘unfunded credit protection’ technique as defined in Article 4(1)(59) and Articles 201, 202 and 203
of Regulation (EU) No 575/2013, in such a way that the value of the collateral and/or guarantee is higher than or
equal to the total amount of the loan. If an MFI except central banks and MMFs applies a system different from the
‘Standardised Approach’ as defined in Regulation (EU) No 575/2013 for supervisory purposes, it may also apply the
same treatment in the reporting of loans included under this breakdown.
PART 5
Reporting obligations
65. In order to derive aggregates referring to all euro area Member States, three levels of aggregation are applied for each
of the instrument categories listed in Appendices 1 and 2.
XVIII. Statistical information at the level of the reporting agents
66. The first level of aggregation is carried out by the reporting agents as defined in paragraphs 67 to 72. However, NCBs
may also ask reporting agents to provide data at the level of individual deposits and loans. The data is reported to the
NCB of the euro area Member State in which the reporting agent is resident.
67. If the interest rates on outstanding amounts, i.e. indicators 1 to 26 in Appendix 1, are compiled as a snapshot of
end-month observations, then the reporting agents provide a weighted average interest rate referring to the last day
of the month for each of the instrument categories.
68. If the interest rates on outstanding amounts, i.e. indicators 1 to 26 in Appendix 1, are compiled as implicit rates
referring to the average of the month, reporting agents provide the accrued interest payable or receivable during the
month and the average stock of deposits and loans during the same month for each of the instrument categories.
69. If the interest rates on overnight deposits, deposits redeemable at notice, extended credit card credit and revolving
loans and overdrafts, i.e. indicators 1, 5, 6, 7, 12, 23, 32 and 36 in Appendix 2, are compiled as a snapshot of end-
month observations, then the reporting agents provide a weighted average interest rate referring to the last day of the
month for each of the instrument categories.
70. If the interest rates on overnight deposits, deposits redeemable at notice, extended credit card credit and revolving
loans and overdrafts, i.e. indicators 1, 5, 6, 7, 12, 23, 32 and 36 in Appendix 2, are compiled as implicit rates
referring to the average of the month, then the reporting agents provide the accrued interest payable or receivable
during the month and the average stock of deposits and loans during the same month for each of the instrument
categories.
71. For each of the instrument categories on new business, i.e. indicators 2 to 4, 8 to 11, 13 to 22, 30 to 31, 33 to 35
and 37 to 85 in Appendix 2, reporting agents provide a weighted average interest rate. In addition, reporting agents
provide the amount of new business conducted in each instrument category during the month for each of indicators
2 to 4, 8 to 11, 13 to 22, 33 to 35 and 37 to 85 in Appendix 2. For the instrument categories referring to
renegotiated loans to households and non-financial corporations (indicators 88 to 91 in Appendix 2), only
information on new business volumes is required.
72. Credit and other institutions that are permitted by an NCB to report MFI interest rate statistics together as a group
are considered as one reporting agent and provide the data referred to in paragraphs 67 to 71 referring to the group
as a whole. In addition, these reporting agents provide every year the number of reporting institutions within the
group and the variance of interest rates across these institutions for each instrument category. The number of
reporting institutions within the group and the variance refer to the month of October and are transmitted with
the October data.
XIX. National weighted average interest rates and Aggregated results for the euro area Member States
73. The second level of aggregation is carried out by the NCBs. They aggregate the interest rates and related amounts of
business for all their national reporting agents to a national weighted average interest rate for each instrument
category. The data are reported to the European Central Bank (ECB). The final level of aggregation of the instrument
categories per euro area Member State to the level of all euro area Member States is carried out by the ECB.
( 1 ) OJ L 176, 27.6.2013, p. 1.

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Appendix 1
Instrument categories for rates on outstanding amounts
An AAR or NDER is reported on a monthly basis for each of the categories included in Table 1.
Table 1
Outstanding
Sector Type
of
instrument
Original
Residual
Interest rate
Reporting
maturity
maturity
reset
amount
indicator
obligation
Up to 2
1 AAR
years
From
With agreed
households
maturity
Over 2
2 AAR
years
Deposits in
Up to 2
3 AAR
EUR
From non-
years
financial
With agreed
corporations maturity
Over 2
4 AAR
years
Repos
5 AAR
Up to 1
6 AAR
year
Over 1 and
7 AAR
For house
up to 5
purchases
years
Over 5
8 AAR
years
Up to 1
9 AAR
year
For consumption Over 1 and
10 AAR
and other
up to 5
purposes
years
To house
holds
Over 5
11 AAR
years
15 AAR
Loans in EUR
Over 1 year up to 1 year 16 AAR
over 1 year in
the
next 17 AAR
12 months
Total
18 AAR
Over 2
up to 2
19 AAR
years
years
over 2 years in
the
next 20 AAR
24 months
Up to 1
12 AAR
year
Over 1 and
13 AAR
To non-financial corporations
up to 5
years
Over 5
14 AAR
years

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Outstanding
Sector Type
of
instrument
Original
Residual
Interest rate
Reporting
maturity
maturity
reset
amount
indicator
obligation
21 AAR
Over 1 year up to 1 year 22 AAR
over 1 year in
the
next 23 AAR
12 months
24 AAR
Over 2
up to 2
25 AAR
years
years
over 2 years in
the
next 26 AAR
24 months

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Appendix 2
Instrument categories for interest rates on new business
An AAR or NDER is reported on a monthly basis for the categories included in Tables 2, 3 and 4. The reporting of the
AAR is accompanied by the related business volume if indicated in the tables by the word ‘amount’. For the categories
referring to renegotiated loans in Table 6, only information on new business volumes is required.
Categories within Tables 2 (except indicators 33 to 35), 3, 5 and 6 are mutually exclusive within each table. Therefore, a
loan reported under any indicator in Table 2 (except indicators 33 to 35) and/or in Table 3 and/or Table 5 and/or Table 6
is not reported again under any other indicator in the same table, except for loans reported in indicators 33 to 35, which
are also to be reported under indicators 20 to 22.
All loans reported under any category in Table 3 must also appear in the corresponding categories of Tables 2. As for
indicators in Table 4, these are sub-indicators of Tables 2, and, if secured, of Table 3; therefore any loan reported under
Table 4 must also appear in Tables 2 and 3 as appropriate. The loans reported under any category in Table 6 must also
appear in the appropriate category in Table 2, and, as appropriate, in Tables 3, and 4.
Table 5 refers only to APRC. Loans recorded in Table 5 are also be recorded in Tables 2, 3, 4 and 6 as appropriate, taking
into account the different methodology of APRC as contained in paragraph 9.
The concept of new business is extended to the whole stock, i.e. to outstanding amounts in the case of overnight
deposits, deposits redeemable at notice, revolving loans and overdrafts and extended credit card credit, i.e. indicators 1, 5,
6, 7, 12, 23, 32, 36.
Table 2
New
Sector Type
of
instrument Original maturity, period of notice, initial
Reporting
period of interest rate fixation
business
indicator
obligation
Overnight
1 AAR
Up to 1 year maturity
2 AAR,
amount
With agreed
Over 1 and up to 2 years maturity 3 AAR,
amount
From
maturity
households
Over 2 years maturity
4 AAR,
amount
Up to 3 months’ notice
5 AAR
Redeemable at
Deposits in
notice (*)
Over 3 months’ notice
6 AAR
EUR
Overnight
7 AAR
From
Up to 1 year maturity
8 AAR,
amount
non-financial
corporations
With agreed
Over 1 and up to 2 years maturity 9 AAR,
amount
maturity
Over 2 years maturity 10 AAR,
amount
Repos
11 AAR,
amount
Revolving loans and overdrafts
12 AAR
Extended credit card credit
32 AAR
Floating rate and up to 1 year
13 AAR,
amount
period of initial rate fixation
Loans in EUR To
households
Over 1 and up to 5 years period of 14 AAR,
amount
For consumption initial rate fixation
Over 5 years period of initial rate 15 AAR,
amount
fixation

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New
Sector Type
of
instrument Original maturity, period of notice, initial
Reporting
period of interest rate fixation
business
indicator
obligation
Floating rate and up to 1 year
16 AAR,
amount
period of initial rate fixation
Over 1 and up to 5 years period of 17 AAR,
amount
initial rate fixation
For house
purchases
Over 5 and up to 10 years period 18 AAR,
amount
of initial rate fixation
Over 10 years period of initial rate 19 AAR,
amount
fixation
Floating rate and up to 1 year
20 AAR,
amount
period of initial rate fixation
For other
Over 1 and up to 5 years period of 21 AAR,
amount
purposes
initial rate fixation
Over 5 years period of initial rate 22 AAR,
amount
fixation
Floating rate and up to 1 year
33 AAR,
amount
period of initial rate fixation
For other
purposes, of
Over 1 and up to 5 years period of 34 AAR,
amount
which: Sole
initial rate fixation
proprietors
Over 5 years period of initial rate 35 AAR,
amount
fixation
Revolving loans and overdrafts
23 AAR
Extended credit card credit
36 AAR
Floating rate and up to 3 months 37 AAR,
amount
period of initial rate fixation
Over 3 months and up to 1 year 38 AAR,
amount
period of initial rate fixation
Over 1 and up to 3 year period of 39 AAR,
amount
Loans up to an
initial rate fixation
To
amount of
Loans in EUR non-financial
EUR 0,25 mn
Over 3 and up to 5 years period of 40 AAR,
amount
corporations
initial rate fixation
Over 5 and up to 10 years period 41 AAR,
amount
of initial rate fixation
Over 10 years period of initial rate 42 AAR,
amount
fixation
Floating rate and up to 3 months 43 AAR,
amount
Loans over an
period of initial rate fixation
amount of
EUR 0,25 mn
and up to
Over 3 months and up to 1 year 44 AAR,
amount
EUR 1 mn
period of initial rate fixation

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New
Sector Type
of
instrument Original maturity, period of notice, initial
Reporting
period of interest rate fixation
business
indicator
obligation
Over 1 and up to 3 years period of 45 AAR,
amount
initial rate fixation
Over 3 and up to 5 years period of 46 AAR,
amount
initial rate fixation
Over 5 and up to 10 years period 47 AAR,
amount
of initial rate fixation
Over 10 years period of initial rate 48 AAR,
amount
fixation
Floating rate and up to 3 months 49 AAR,
amount
period of initial rate fixation
Over 3 month and up to 1 year
50 AAR,
amount
period of initial rate fixation
Over 1 and up to 3 years period of 51 AAR,
amount
Loans over an
initial rate fixation
amount of
EUR 1 mn
Over 3 and up to 5 years period of 52 AAR,
amount
initial rate fixation
Over 5 and up to 10 years period 53 AAR,
amount
of initial rate fixation
Over 10 years period of initial rate 54 AAR,
amount
fixation
(*) For this instrument category, households and non-financial corporations are merged and allocated to the household sector.
Table 3
New business loans with collateral and/or guarantees
New
Sector Type
of
instrument Initial
period
of
interest
rate
fixation
business
Reporting
indicator
obligation
Floating rate and up to 1 year
55 AAR,
amount
period of initial rate fixation
Over 1 and up to 5 years period of 56 AAR,
amount
For consumption initial rate fixation
Over 5 years period of initial rate 57 AAR,
amount
fixation
Floating rate and up to 1 year
58 AAR,
amount
Loans in EUR To
households
period of initial rate fixation
Over 1 and up to 5 years period of 59 AAR,
amount
initial rate fixation
For house
purchases
Over 5 and up to 10 years period 60 AAR,
amount
of initial rate fixation
Over 10 years period of initial rate 61 AAR,
amount
fixation

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EN
7.11.2013 Official
Journal
of
the
European
Union L
297/69
New
Sector Type
of
instrument Initial
period
of
interest
rate
fixation
business
Reporting
indicator
obligation
Floating rate and up to 3 months’ 62 AAR,
amount
period of initial rate fixation
Over 3 months and up to 1 year 63 AAR,
amount
period of initial rate fixation
Over 1 and up to 3 years’ period of 64 AAR,
amount
initial rate fixation
Loans up to an
amount of
EUR 0,25 mn
Over 3 and up to 5 years’ period of 65 AAR,
amount
initial rate fixation
Over 5 and up to 10 years’ period 66 AAR,
amount
of initial rate fixation
Over 10 years’ period of initial
67 AAR,
amount
rates fixation
Floating rate and up to 3 months’ 68 AAR,
amount
period of initial rate fixation
Over 3 months and up to 1 year 69 AAR,
amount
period of initial rate fixation
Over 1 and up to 3 years’ period of 70 AAR,
amount
Loans over an
initial rate fixation
To
amount of
Loans in EUR non-financial
EUR 0,25 mn
corporations
and up to
Over 3 and up to 5 years’ period of 71 AAR,
amount
EUR 1 mn
initial rate fixation
Over 5 and up to 10 years’ period 72 AAR,
amount
of initial rate fixation
Over 10 years’ period of initial rate 73 AAR,
amount
fixation
Floating rate and up to 3 months’ 74 AAR,
amount
period of initial rate fixation
Over 3 months and up to 1 year 75 AAR,
amount
period of initial rate fixation
Over 1 and up to 3 years’ period of 76 AAR,
amount
initial rate fixation
Loans over an
amount of
EUR 1 mn
Over 3 and up to 5 years’ period of 77 AAR,
amount
initial rate fixation
Over 5 and up to 10 years’ period 78 AAR,
amount
of initial rate fixation
Over 10 years’ period of initial rate 79 AAR,
amount
fixation

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L 297/70
EN
Official Journal of the European Union
7.11.2013
Table 4
New business loans to non-financial corporations with period of initial rate fixation below 1 year and original
maturity over 1 year
New
Sector Type
of
instrument All loans / collateralised/guaranteed loans
Reporting
by original maturity
business
indicator
obligation
Floating rate and up to 1 year
80 AAR,
amount
period of initial rate fixation, with
original maturity over 1 year
Loans up to an
amount of
Floating rate and up to 1 year
81 AAR,
amount
EUR 0,25 mn
period of initial rate fixation, with
original maturity over 1 year, only
collateralised/guaranteed loans
Floating rate and up to 1 year
82 AAR,
amount
period of initial rate fixation, with
Loans over an
original maturity over 1 year
To
amount of
Loans in EUR non-financial
EUR 0,25 mn
Floating rate and up to 1 year
83 AAR,
amount
corporations
and up to
period of initial rate fixation, with
EUR 1 mn
original maturity over 1 year, only
collateralised/guaranteed loans
Floating rate and up to 1 year
84 AAR,
amount
period of initial rate fixation, with
original maturity over 1 year
Loans over an
amount of
Floating rate and up to 1 year
85 AAR,
amount
EUR 1 mn
period of initial rate fixation, with
original maturity over 1 year, only
collateralised/guaranteed loans
Table 5
New business loans to households
New
Sector Type
of
instrument All
loans
business
Reporting
indicator
obligation
For consumption APRC 30 APRC
Loans in EUR To
households
For house
APRC 31 APRC
purchase
Table 6
New business renegotiated loans
New
Sector Type
of
instrument Original maturity, period of notice, initial
Reporting
period of interest rate fixation
business
indicator
obligation
For consumption total 88 Amount
For house
total 89 Amount
To households
purchase
Loans in EUR
For other
total 90 Amount
purposes
To non-financial corporations
total 91 Amount

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EN
7.11.2013 Official
Journal
of
the
European
Union L
297/71
ANNEX II
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 NCB of the euro area Member State in which the
reporting agent is resident (hereinafter the ‘relevant NCB’);
(b) statistical reports must take their form and format from the technical reporting requirements set by the relevant
NCB;
(c) the reporting agent must provide the details of one or more contact persons to the relevant NCB;
(d) the technical specifications for data transmission to the relevant NCB must be followed.
2. Minimum standards for accuracy:
(a) statistical information must be correct;
(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) 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 297/72
EN
Official Journal of the European Union
7.11.2013
ANNEX III
REPEALED REGULATION WITH LIST OF SUCCESSIVE AMENDMENTS
(referred to in Article 7)
Regulation (EC) No 63/2002 (ECB/2001/18)
(OJ L 10, 12.1.2002, p. 24)
Amended by:
Regulation (EC) No 2181/2004 (ECB/2004/21)
(OJ L 371, 18.12.2004, p. 42)
Regulation (EC) No 290/2009 (ECB/2009/7)
(OJ L 94, 8.4.2009, p. 75)
Regulation (EU) No 674/2010 (ECB/2010/7)
(OJ L 196, 28.7.2010, p. 23)
ANNEX IV
CORRELATION TABLE
Regulation (EC) No 63/2002 (ECB/2001/18) This
Regulation
Article 1 Article
1
Article 2(1) Article
2(1)
Article 2(2)
Article 2(3)
Article 2(4)
Article 2(2) Article
2(5)
Article 2(3) Article
2(6)
Article 3 Article
3
Article 4
Article 4 Article
5
Article 5 Article
6
Article 6 Article
7
Article 8
Article 7 Article
9
Annex I ( 1 )
Annex II Annex
I
Annex III Annex
II
Annex III
Annex IV
( 1 ) To be included in an ECB guideline recasting Guideline ECB/2007/9.

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Document Outline

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