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Macroeconomic Statistics Reporting (MESREP)

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Macroeconomic Statistics Reporting (MESREP) Manual Macroeconomic Statistics Reporting version 1.1 Macroeconomic Statistics Reporting (MESREP) 1 Manual Macroeconomic Statistics Reporting version 1.1 Version history Version* Date of publication 1.0 - 1.1 28 May 2021 * Version number is linked to version number of the Dutch manual. Version history Type Principal changes Chapter Disclaimer We have compiled this manual with the utmost care. In the event of any deviation from the taxonomy as published, the taxonomy will prevail. 2 Manual Macroeconomic Statistics Reporting version 1.1 Contents 1. General 7 1.1 Purpose of MESREP 7 1.2 Relation to Monthly Securities Reporting (MSR) 7 1.3 Statutory framework 7 1.4 How to use this manual 8 2. Reporting obligation 10 2.1 Reporting institution 10 2.2 Consolidated reporting 10 2.3 Representation 10 2.4 Reporting profiles 11 2.5 Deadlines for submission 11 2.6 Submission of provisional figures 12 2.7 Request for deferral 12 2.8 Contact concerning reporting 12 3. Submitting reports 14 3.1 Digital Reporting Portal (DLR) 14 3.2 XBRL format 14 3.3 Excel submission facility 14 3.4 Report validation 16 4. General definitions and requirements 17 4.1 Unit of amounts to be reported 17 4.2 Sign convention 17 4.3 Residents and non-residents 18 4.4 Independent statistical unit 18 4.5 Economic ownership 18 4.6 Reporting securities 19 4.7 Reference dates 19 4.8 Netting 20 4.9 Valuation principles 20 5. Dimensions 23 5.1 General 23 5.2 Counterparty, seller, non-resident lead manager, and non-resident participant 23 5.3 Country of counterparty 24 5.4 Relation to counterparty 24 5.5 Sector of counterparty 25 5.6 Original/remaining maturity 30 5.7 Securitised 30 5.8 Valuation 30 5.9 Branch/Subsidiary 31 6. Form sets 32 7. T01 to T09 – Assets and liabilities 33 7.1 General 33 7.2 Definitions of terms 33 3 Manual Macroeconomic Statistics Reporting version 1.1 7.2.1 T01 - Holdings of equity and debt securities 33 7.2.2 T02 - Intangible and tangible fixed assets 35 7.2.3 T03 - Deposits held, loans granted and other assets 38 7.2.4 T04 - Deposits held and loans granted at fair value 41 7.2.5 T05 - Specific assets of insurance corporations and pension funds 43 7.2.6 T06 - Securitised assets 44 7.2.7 T07 - Equity and debt securities issued 48 7.2.8 T08 - Deposits and loans received, and other liabilities 50 7.2.9 T09 - Specific liabilities of insurance corporations and/or pension funds 52 7.3 Data columns to be filled in for T01–T09 forms 56 7.3.1 Positions and changes 56 7.3.2 Income 58 8. T10 - Financial derivatives 61 8.1 General 61 8.2 Definitions of terms 62 8.3 Collateral and country/sector of counterparty 64 8.4 Data columns to be filled in 66 8.4.1 Forms T10.01, T10.02, T10.03, T10.04, T10.09, T10.10 66 8.4.2 Forms T10.05, T10.06 and T10.11 68 8.4.3 Forms T10.07, T10.08 and T10.12 68 8.5 Examples 70 8.5.1 Written options 70 8.5.2 Options bought 74 8.5.3 Futures 77 8.5.4 Forward contracts 82 9. T11 - Overview, book values, explanations 85 9.1 General 85 9.2 Overview: recapitulation of the amounts on the detailed forms 85 9.3 Book values: amounts to be reported at main item level 87 9.4 Explanations: explanatory notes on irregularities 87 10. T12 – Profit and loss accounts 88 10.1 General 88 10.2 Definitions of terms 88 10.2.1 Forms T12.02.01, T12.03.01, T12.04.01, T12.05.01, T12.06.01 88 10.2.2 Forms T12.05.02, T12.05.03 and T12.05.04 106 10.2.3 Forms T12.06.02 and T12.06.03 109 10.2.4 Forms T12.07.01 and T12.07.02 112 11. T13 – Foreign direct investment equity details 115 11.1 General 115 11.2 Definitions of terms 115 11.3 Data to be filled in for T13.01 and T13.02 116 12. T14 – Syndicated loans 117 12.1 General 117 12.2 Definitions of terms 117 12.3 Examples for both forms 118 12.4 Data to be filled in for T14.01 and T14.02 118 13. T15 – Securities lending 120 4 Manual Macroeconomic Statistics Reporting version 1.1 13.1 General 120 13.2 Definitions of terms 120 13.3 Data to be filled in for T15.01 120 14. T16 - IF shares or units issued (small IFs) 122 14.1 General 122 14.2 Definitions of terms 122 14.3 Data to be filled in for T16.01, T16.02 and T16.03 122 15. T17 – Totals 124 15.1 General 124 15.2 Definitions of terms 124 15.3 Data to be filled in for T17.01 and T17.02 125 16. Specific themes 126 16.1 Cross-border direct equity investments 126 16.2 Group companies 127 16.3 Book profits 127 16.4 Corporate actions 129 16.4.1 General 129 16.4.2 Listing and de-listing of shares 129 16.4.3 Mergers/acquisitions 129 16.4.4 Demerging of a company 130 16.4.5 Stock split or reverse stock split 130 16.4.6 Issuance of bonus shares 131 16.4.7 Stock/scrip dividend 131 16.4.8 Postponement of payment (redemption and interest) 132 16.4.9 Super dividend 133 16.4.10 Issuance of new shares to replace existing shares 134 16.4.11 Convertible loans 134 16.4.12 Repurchase of own shares and debt securities 135 16.5 Securitisations 135 16.5.1 Definition of securitisation and FVC 135 16.5.2 Reporting by FVC and by seller 136 16.6 Official reserves 139 16.7 Technical reserves 140 16.8 Guarantee contract with an insurer (reinsurance) 145 16.9 Contributions and benefits (insurers) 146 16.10 Dealing with operational leasing under IFRS 16 146 16.11 Trade credits taken over 147 16.12 Assignments and savings mortgages 147 17. Annex 1: Forms per reporting profile 148 17.1 Profile DNB 148 17.2 Profile DTC 148 17.3 Profile MMF 149 17.4 Profile IF 149 17.5 Profile IC 151 17.6 Profile PF 153 17.7 Profile OFI 154 17.8 Profile IFSB 156 17.9 Profile TURN 156 17.10 Profile BAL 156 5 Manual Macroeconomic Statistics Reporting version 1.1 17.11 Profile KEY 157 18. Annex 2: Dimensions in forms 158 19. Annex 3: Instruments/items English - Dutch 166 6 Manual Macroeconomic Statistics Reporting version 1.1 1. General 1.1 Purpose of MESREP Collecting statistical information and compiling statistics forms part of the statutory tasks assigned to De Nederlandsche Bank (DNB) in accordance with the Bank Act 1998. As of 1 January 2022, for the purposes of macroeconomic statistics we request data from Dutch financial institutions by means of a quarterly report. This is referred to as Macroeconomic Statistics Reporting (Macro-Economische Statistiek Rapportage − MESREP). We use MESREP to collect quarterly data on positions, transactions, and price and exchange rate changes in domestic and foreign claims and liabilities, as well as on the profit and loss account. On the basis of this data we compile the sector accounts, balance of payments and international investment position of the Netherlands in collaboration with Statistics Netherlands (CBS). In addition, we use this information to produce sector statistics related to financial institutions and to deliver these to the European Central Bank (ECB) and other international bodies. Some sectors (particularly banks) are to use only a limited number of reporting forms, which are complementary to other reports. 1.2 Relation to Monthly Securities Reporting (MSR) Together with Monthly Securities Reporting (MSR), MESREP constitutes the reporting framework for statistical purposes. In MESREP, securities are not reported at granular level. This is done − on a monthly basis − in the Monthly Securities Reporting (MSR), where data must be reported on a security-by-security basis for listed shares, debt securities and investment fund units (money market funds and other investment funds). To ensure comprehensive and reconciled quarterly reporting, these securities data must however be reported in MESREP in aggregated form. Not every institution has an MSR obligation; institutions with little or no securities on their balance sheets may be exempted from this. 1.3 Statutory framework The statutory framework for MESREP consists of various national and international laws and regulations: - The 2016 Mandating Decision on DNB-CBS cooperation (Mandaatbesluit samenwerking DNB-CBS 2016) pursuant to Section 33(3) of the Act concerning Statistics Netherlands (Wet op het Centraal bureau voor de statistiek or CBS- wet). The Decree on data collection by CBS (Besluit gegevensverwerving CBS), which authorises DNB to request data for statistical purposes from financial institutions; - Section 7 of the External Financial Relations Act 1994 (Wet financiële betrekkingen buitenland 1994 − Wfbb) and the ensuing Balance of Payments Reporting Instructions 2003 (Rapportagevoorschriften betalingsbalansrapportages 2003), which obligates Dutch residents to provide DNB with data which are essential for the compilation of the Netherlands’ balance of payments. 7 Manual Macroeconomic Statistics Reporting version 1.1 - Various ECB regulations for financial sectors, namely: • Regulation (EU) No 1071/2013 of the European Central Bank of 24 September 2013 concerning the balance sheet of the monetary financial institutions sector (recast) (ECB/2013/33); • Regulation (EU) No 1073/2013 of the European Central Bank of 18 October 2013 concerning statistics on the assets and liabilities of investment funds (recast) (ECB/2013/38); • Regulation (EU) No 1075/2013 of the European Central Bank of 18 October 2013 concerning statistics on the assets and liabilities of financial vehicle corporations engaged in securitisation transactions (recast) (ECB/2013/40); • Regulation (EU) No 1374/2014 of the European Central Bank of 28 November 2014 on statistical reporting requirements for insurance corporations (ECB/2014/50); • Regulation (EU) 2018/231 of the European Central Bank of 26 January 2018 on statistical reporting requirements for pension funds (ECB/2018/2).
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