01-12-2010 Changes as of 1 January 2011: Estonia and the Netherlands Antilles

Estonia enters the euro area on 1 January 2011. This has consequences for the socio-economic reports you are due to submit. The change first appears in your January report in February 2011 or in your first quarter report in April 2011. This could have one or more of the following three consequences for your reporting.

  1. Data on Estonia must be included in reports on the euro area. In some cases, this will mean a shift from ‘rest of the world’ (U4) to either ‘euro area’ (U2) or ‘euro area outside of the Netherlands’ (U5).
  2. In the selection lists, Estonia will now appear in e-Line DNB as one of the euro area countries for which reports are required.
  3. In e-Line DNB the values entered for Estonia are automatically included in derived ‘euro area’ (U2) items.

As of the reporting month January 2011, there will also be changes in the ISO country codes in e-Line DNB as a result of the recent dissolution of the Netherlands Antilles.

What will change in the selection of ISO country codes?

The country code for the Netherlands Antilles (AN) may no longer be used in e-Line DNB as of the reporting month January 2011. Curaçao and Sint Maarten, which were formally part of the Netherlands Antilles, will have a separate ISO country code as autonomous countries. Although the islands Bonaire, Sint Eustatius and Saba (BES islands) will be legally seen as special Dutch entities, they will be regarded as foreign in the economic and financial statistics. They will have a joint ISO country code.

As of the reporting month January 2011, the following ISO country codes will be taken into production in e-Line DNB:

Name                ISO-2    ISO-3    number

- Curaçao          CW       CUW      0561

- Sint Maarten    SX        SXM       0562

- BES-islands      BQ        BES       0563  

For balance-of-payments purposes, reporting institutions submitting form 9011 (which are the same as those submitting form 9001) and form 9010 must debit their positions in 'loans issued and deposits', 'loans taken out and deposits' and 'participations' on country AN through a notification on the column 'price changes and other changes (net of exchange rate changes)' (with a breakdown by sector 'MFI's' and 'Total of public and private sector'). In contrast, the positions of 'loans issued and deposits', 'loans taken out and deposits' and 'participations' on the new countries CW, SX and BQ must be credited through a notification in the column 'price changes and other changes (net of exchange rate changes)' (with a breakdown by sector 'MFI's' and 'Total of public and private sector'). The debit is made with a negative notification and the credit with a positive notification.

The consequences per form are presented in the table. We assume that this gives you the information you need in order to correctly enter the data for Estonia and the former Netherlands Antilles correctly in your reports in 2011.

Should you have any questions further to the above, please do not hesitate to contact us.

Consequenses  
per form

Estonia's
entry to
EMU

Dissolution of 
Nederlands Antilles

7001HK1

None

Curaçao, Sint Maarten and BES-islands included in selection list

7001HK2

None

Curaçao, Sint Maarten and BES-islands included in selection list

7001HK3

None

None

7001HK4

None

Curaçao, Sint Maarten and BES-islands included in selection list

7001HK5

None

Curaçao, Sint Maarten and BES-islands included in selection list

7001HK6

None

None

7001HK7

None

None

7001HK8

Estonia included in selection list

Curaçao, Sint Maarten and BES-islands included in selection list

8076

None

None

8097

Column 1120 BEG must now include positions on Estonia. For the other columns:
For reporting institutions submitting form 9001: E-Line DNB automatically includes Estonia.
For reporting institutions submitting form 9021: E-Line DNB still includes NL + U5.

None

9001HK1

None

Curaçao, Sint Maarten and BES island included in selection list Debit on AN and credit on CW, SX and BQ on F9011 in column ‘price changes and other changes’.

9001HK2

None

Curaçao, Sint Maarten and BES island included in selection list Debit on AN and credit on CW, SX and BQ on F9011 in column ‘price changes and other changes’.

9001HK3

None

Curaçao, Sint Maarten and BES-islands included in selectionlist

9001HK4

None

Curaçao, Sint Maarten and BES-islands included in selectionlist

9001HK5

For a number of items, e-Line DNB automatically derives U5; for the other items, the reporting institution must include Estonia in U5 itself

None

9001HK6

None

None

9002

The reporting institution must itself place Estonia from U4 in U5

None

9003

The reporting institution must itself place Estonia from U4 in U5

None

9004HK1

The reporting institution must itself include positions on Estonia

None

9004HK2

The reporting institution must itself include positions on Estonia

None

9004HK3

The reporting institution must itself include positions on Estonia

None

9005HK1

None

Curaçao, Sint Maarten and BES-islands included in selection list

9005HK2

None

None

9005HK3

None

None

9006HK1

None

None

9006HK2

None

None

9006HK3

None

None

9010

None

Curaçao, Sint Maarten and BES island included in selection list Debit on AN and credit on CW, SX and BQ on F9011 in column ‘price changes and other changes’.

9011

None

Curaçao, Sint Maarten and BES island included in selection list Debit on AN and credit on CW, SX and BQ on F9011 in column ‘price changes and other changes’.

9013HK1

Estonia in selection list, reporting institution must itself adjust U5 and U4

Curaçao, Sint Maarten and BES island included in selection list

9013HK2

Estonia in selection list, reporting institution must itself adjust U5 and U4

Curaçao, Sint Maarten and BES island included in selection list

9013HK3

Estonia in selection list, reporting institution must itself adjust U5 and U4

Curaçao, Sint Maarten and BES island included in selection list

9013HK4

Estonia in selection list, reporting institution must itself adjust U5 and U4

Curaçao, Sint Maarten and BES island included in selection list

9021HK1

The reporting institution must itself place Estonia from U4 in U5

None

9021HK2

The reporting institution must itself place Estonia from U4 in U5

None