MONETARY FINANCIAL INSTITUTIONS AND MARKETS STATISTICS SECTOR MANUAL MARCH 2007 GUIDANCE FOR THE STATISTICAL ISSN 1830703-5 CLASSIFICATION OF CUSTOMERS 9 771830 703003 THIRD EDITION MONETARY FINANCIAL INSTITUTIONS AND MARKETS STATISTICS SECTOR MANUAL MARCH 2007 GUIDANCE FOR THE STATISTICAL CLASSIFICATION OF CUSTOMERS In 2007 all ECB publications feature a motif THIRD EDITION taken from the €20 banknote. © European Central Bank, 2007 Address Kaiserstrasse 29 60311 Frankfurt am Main Germany Postal address Postfach 16 03 19 60066 Frankfurt am Main Germany Telephone +49 69 1344 0 Website http://www.ecb.int Fax +49 69 1344 6000 Telex 411 144 ecb d All rights reserved. Reproduction for educational and non-commercial purposes is permitted provided that the source is acknowledged. ISSN 1830-7035 (online) CONTENTS CONTENTS FOREWORD 4 PART ONE – INTRODUCTION 7 1 General principles of sectorisation 7 2 Residence principles 7 3 Sectorisation in the euro area 8 4 Sectorisation in the “Rest of the world” 10 5 Borderline cases in the delimitation of the euro area 11 6 Additional sources of information and contact persons 11 Annex: International organisations 12 Summary table of the sectoral breakdown of euro area monetary, financial institutions and markets statistics 14 PART TWO – COUNTRY-BY-COUNTRY EXPLANATORY NOTES 17 Belgium 17 Bulgaria 25 Czech Republic 33 Denmark 43 Germany 51 Estonia 61 Ireland 67 Greece 75 Spain 80 France 90 Italy 100 Cyprus 106 Latvia 112 Lithuania 120 Luxembourg 129 Hungary 133 Malta 137 Netherlands 145 Austria 151 Poland 156 Portugal 166 Romania 175 Slovenia 181 Slovakia 187 In accordance with Community Finland 194 practice, Member States are listed using Sweden 201 the alphabetical order of the national United Kingdom 207 languages. ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 3 FOREWORD located in other EU Member States by sector. The requirement that all EU Member States had BACKGROUND to implement the ESA 95 in 1999 and 2000 has facilitated EU-wide conceptual consistency The ECB Regulation concerning the concerning the national rules for domestic consolidated balance sheet of the “Monetary sectorisation. However, the practical problem financial institutions” sector (ECB/2001/13), of how to classify counterparties located in as amended, requires monetary financial other EU Member States still remains, owing to institutions (MFIs) to report statistical data for the lack of a common and easily accessible the purposes of compiling euro area MFI EU-wide source of information on the domestic balance sheet statistics from 1 January 1999 sector classification of non-MFIs. onwards. In this context, reporting MFIs have to classify their domestic counterparties and AIM those in other euro area Member States according to the same sectoral breakdown The “Sector Manual – Guidance for the following classification principles in line with statistical classification of customers (third the European System of Accounts 1995 (the edition)” is intended to assist reporting MFIs ESA 95). With regard to the monthly data in classifying their non-MFI counterparties needed to compile the consolidated balance located in other EU Member States by sector. sheet of the euro area MFI sector as well as the In comparison with the previous editions of the monetary aggregates and counterparts for the Manual, which were published in November euro area, an initial breakdown into MFIs and 1999 and April 1998, this third edition non-MFIs is required, with a further breakdown incorporates the country chapters of the ten of non-MFIs into the “General government” Member States that joined the EU in May 2004, sector (with “Central government” identified as well as Bulgaria and Romania, which joined separately in deposit liabilities) and the “Other in January 2007. In addition, the full residents” sector. A more detailed breakdown implementation of the ESA 95 has resulted in of the “General government” sector is required further amendments to the country-by-country on a quarterly basis. A further disaggregation explanatory notes and definitions. Finally, this of the “Other residents” sector is required at a third edition also incorporates numerous monthly frequency for deposits held and loans website references and online registers, granted by MFIs, whereas this level of detail is providing its readers with useful and efficient only required for other financial instruments at tools concerning how to obtain further a quarterly frequency. information. In practical terms, reporting MFIs can identify The Manual complements but is not intended counterparties that are also defined as MFIs for to replace more detailed national instructions statistical purposes by using the EU List of on the classification by MFIs of domestic MFIs. This list provides a full enumeration of counterparties. all MFIs located in the EU.1 In addition, the Manual presents the current Reporting MFIs can also identify other domestic national rules for the domestic sectorisation of counterparties classified under the non-MFI counterparties in accordance with ECB/2001/13, sector by using the existing instructions of the as amended, following classification principles national central banks (NCBs) on the that are consistent with the ESA 95 as far as classification of resident customers. possible. 1 A complete “List of MFIs” is published on the ECB’s website MFIs may, however, face difficulties in under http://www.ecb.int/stats/money/mfi/list/html/index.en. correctly classifying non-MFI counterparties html ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers 4 March 2007 FOREWORD STRUCTURE brackets in order to facilitate any search for a particular entity. This list is not The Manual is composed of two parts. intended to be exhaustive. Part One consists of an introduction prepared (iv) Borderline cases: The main inclusions/ by the ECB, which includes general references exclusions (if any) are mentioned here. In to the sectoral classification as presented in the case of exclusions, reference is made Regulation ECB/2001/13, as amended, and in to their appropriate classification. the ESA 95. It aims to provide general guidance References to national peculiarities, in on the practical classification of institutional terms of individual existing institutions units, and additionally makes a clear-cut and their classification, are also covered. distinction between the euro area and the “Rest of the world”, following international In addition, the country-by-country explanatory standards. notes provide guidance on how to identify the boundaries of the domestic area in cases where Part Two contains explanatory notes for each difficulties are likely to arise owing to the EU Member State respectively on the sectoral existence of offshore financial centres or the classification of resident institutions, based on treatment of any other territories attached to, or national contributions provided by NCBs, associated with, the Member State in question. where necessary in cooperation with national statistical institutes (NSIs). These national Finally, the Manual refers to further sources of explanatory notes provide the following information available at the national level (e.g. information for each sector/sub-sector: website references, online registers, exhaustive lists of certain sectors available from NSIs), as (i) Definition: A short description is given, well as the details of contact persons at the according to national features, of the national level to be contacted in the event of delimitation of the domestic sectors/sub- questions regarding specific classification sectors. cases. (ii) Types of entities belonging to the sector: STATUS OF THE MANUAL Groups and classes of entities of the same type which are more likely to be involved The Manual is available to all reporting MFIs in intra-EU business are enumerated, in the EU Member States from their respective together with a short description where NCB. Other interested parties can also request possible. This list of examples, which is as copies from the ECB or any of the EU NCBs. exhaustive as possible, is presented in the national language and, where appropriate, The Manual can also be viewed on the ECB’s a translation is given in brackets in order website (http://www.ecb.int/pub/pub/stats/html/ to help reporting institutions when index.en.html). It is only available in English searching for a particular type of entity. (with the exception of the names of individual institutions or groups of institutions of the (iii) Entities belonging to the sub-sector same kind, all of which are presented in the (illustrative list): This contains the largest national language). Translations into national resident entities and/or those considered languages are left to the discretion of the NCBs by the NCBs and NSIs as the most likely concerned. to be involved in intra-EU business. This list contains the full names of the entities in the national language and, where appropriate, a translation is given in ECB Monetary financial institutions and markets statistics sector manual – Guidance for the statistical classification of customers March 2007 5 For more information on the status of the Manual, please contact: European Central Bank Press Division Kaiserstrasse 29 D - 60311 Frankfurt am Main Tel.: + 49 (69) 13 44 7455 Fax: + 49 (69) 13 44 7404 E-mail: [email protected] ECB Monetary financial