Regulation (EC) No 25/2009 of the European Central Bank (repealed)Show full title

PART 6 Reporting requirements for loan securitisations and other loan transfers

1. Definitions

For the purposes of this Part ‘derecognition’ means the removal of a loan or part thereof from the stocks reported in accordance with Parts 2 and 3 of Annex I, including its removal due to the application of a derogation referred to in Article 8(6).

2. General requirements

Data are reported in accordance with Article 7(2), qualified by those of Article 7(4) when applicable. All data items are broken down according to the residency and subsector of the loan obligor as indicated in the column headings of Table 5. Loans disposed of during a warehousing phase in a securitisation (when the securitisation is not yet completed because securities or similar instruments have not yet been issued to investors) are treated as if they were already securitised.

3. Requirements for reporting net flows of loans securitised or otherwise transferred

3.1. For the purposes of Article 5(1), MFIs calculate the items in Parts 1 and 2 of Table 5 as net flows of loans securitised or otherwise disposed of during the relevant period minus loans acquired during the relevant period. Loans transferred to or acquired from another euro area MFI, and loans whose transfer occurs as a result of a merger, takeover or division involving the reporting agent, are not included in this calculation.

3.2. The items referred to in Section 3.1 are allocated to Parts 1 and 2 of Table 5 as follows:

• disposals and acquisitions with an impact on the loan stocks reported in accordance with Parts 2 and 3 of Annex I, i.e. disposals implying derecognition and acquisitions implying recognition or re-recognition, are allocated to Part 1,

• disposals and acquisitions without an impact on the loan stocks reported in accordance with Parts 2 and 3 of Annex I, i.e. disposals not implying derecognition and acquisitions not implying recognition or re-recognition, are allocated to Part 2.

3.3. The items in Part 1 of Table 5 are, on a monthly basis, further broken down according to the counterparty in the loan transfer, distinguishing between FVCs, of which FVCs resident in the euro area, and other counterparties. Further breakdowns by original maturity and purpose of the loan are required on a quarterly basis for some items as indicated in Table 5(b).

4. Requirements for reporting the outstanding amounts of loans serviced in a securitisation

4.1. The requirements referred to in Article 5(2) apply irrespective of whether the serviced loans or their respective servicing rights are recognised on the reporting agent's balance sheet. The data are reported in accordance with Part 3 of Table 5.

4.2. With respect to loans serviced for FVCs resident in other euro area Member States, MFIs provide further breakdowns, by aggregating the serviced loans separately for each Member State in which an FVC is resident.

4.3. NCBs may collect the data referred to in Article 5(2), or part thereof, on an FVC-by-FVC basis from resident MFIs acting as servicers of securitised loans. If an NCB considers that the data referred to in Section 4.1 and the breakdowns referred to in Section 4.2 may be collected on an FVC-by-FVC basis, it shall inform the MFIs whether, and the extent to which, the reporting referred to in Sections 4.1 and 4.2 is required.

5. Reporting requirements for MFIs applying the IAS 39 or similar national accounting rules

5.1. MFIs applying the IAS 39 or similar rules report the end-of-month amounts outstanding of loans disposed of by means of a securitisation that have not been subject to derecognition in accordance with Part 4 of Table 5.

5.2. MFIs to which the derogation in Article 8(6) applies report the end-of-quarter amounts outstanding of the loans disposed of by means of a securitisation that have been subject to derecognition but are still recognised on the financial statements in accordance with Part 4 of Table 5.

Table 5a
Securitisations and other loan transfers: monthly data
BALANCE SHEET ITEMS	A. Domestic							B. Other participating Member States							C. Rest of the world
	General government (S.13)		Other resident sectors					General government (S.13)		Other resident sectors
	Total	Other general government (S.1312 + S.1313 + S.1314)	Total	Other financial intermediaries + financial auxiliaries (S.123 + S.124)	Insurance corporations and pension funds (S.125)	Non-financial corporations (S.11)	Households + non-profit institutions serving households (S.14 + S.15)	Total	Other general government (S.1312 + S.1313 + S.1314)	Total	Other financial intermediaries + financial auxiliaries (S.123 + S.124)	Insurance corporations and pension funds (S.125)	Non-financial corporations (S.11)	Households + non-profit institutions serving households (S.14 + S.15)
1. Net flows of loans securitised or otherwise transferred: transactions with impact on reported loan stocks calculated as disposals minus acquisitions
1.1. Counterparty in the transfer is an FVC
1.1.1. o/w counterparty in the transfer is a euro area FVC
1.2. other counterparties in the transfer
2. Net flows of loans securitised or otherwise transferred: transactions without impact on reported loan stocks calculated as disposals minus acquisitions
2.1. All counterparties in the transfer
3. Outstanding amounts of loans serviced in a securitisation a
4. Outstanding amounts of securitised loans not derecognised b
4.1. Total
4.1.1. o/w securitised through a euro area FVC

Table 5b
Securitisations and other loan transfers: quarterly data
a This item required at quarterly frequency only, see Table 5(b) for the reporting scheme.
b Regarding the reporting obligation referred to in Annex I, Part 6, Section 5.2, only the row ‘Total’ is reported, and only at quarterly frequency.
c Sole proprietors/unincorporated partnerships.
BALANCE SHEET ITEMS	A. Domestic										B. Other participting Member States										C. Rest of the world
	General government (S.13)		Other resident sectors								General government (S.13)		Other resident sectors
	Total	Other general government (S.1312 + S.1313 + S.1314)	Total	Other financial intermediaries + financial auxiliaries (S.123 + S.124)	Insurance corporations and pension funds (S.125)	Non-financial corporations (S.11)	Households + non-profit institutions serving households (S.14 + S.15)				Total	Other general government (S.1312 + S.1313 + S.1314)	Total	Other financial intermediaries + financial auxiliaries (S.123 + S.124)	Insurance corporations and pension funds (S.125)	Non-financial corporations (S.11)	Households + non-profit institutions serving households (S.14 + S.15)
							Credit for consumption	Lending for house purchase	Other lending								Credit for consumption	Lending for house purchase	Other lending
										SP/UPc										SP/UPc
1. Net flows of loans securitised or otherwise transferred: transactions with impact on reported loan stocks calculated as disposals minus acquisitions
1.1. counterparty in the transfer is an FVC	M	M		M	M	M	M				M	M		M	M	M	M				M
Loan purpose
up to 1 year
over 1 and up to 5 years
over 5 years
1.1.1. o/w counterparty in the transfer is a euro area FVC	M			M	M	M	M				M	M		M	M	M	M				M
up to 1 year
over 1 and up to 5 years
over 5 years
1.2 Other counterparties in the transfer	M	M		M	M	M	M				M	M		M	M	M	M				M
Loan purpose
2. Net flows of loans securitised or otherwise transferred: transactions without impact on reported loan stocks calculated as disposals minus acquisitions
2.1. All counterparties in the transfer	M	M		M	M	M	M				M	M		M	M	M	M				M
3. Outstanding amounts of loans serviced in a securitisation
3.1 Loans serviced: all FVCs
up to 1 year
over 1 and up to 5 years
over 1 and up to 5 years
3.1.1 Loans serviced: of which euro area FVCs
up to 1 year
over 1 and up to 5 years
over 5 years
M	Monthly data requirements, see Table 5a.