21-10-2011 New version SE-Handboek

The last version of the manual was dated 31 March, 2010; that version anticipated new ECB reports in force since June 2010. Therefore, it could not be avoided that in some places new reporting requirements were not clear immediately. Errors have crept into the Manual. At the same time DNB and the banks acquired experiences that induce further changes in the manual. The purpose of this version is clarification. If necessary, DNB added more examples. It was also tried to make the manual more accessible to add headwords and mutual references. In this respect we appreciated the suggestions you have made yourself. To be clear: eLine reporting forms have not been adjusted. The manual now presents an update of what has emerged after June 2010 reporting. Application of track changes through the whole document has not been tried for readability reasons.

It is thinkable that these clarifications could lead to reporting changes with some reporters. Therefore, reporters are kindly requested to seek contact with DNB if they - as a consequence - will report from now on differently and better. DNB would like to take note of breaks in series in reports that are not the result of real economic developments. Statistics will improve from this! In practice, DNB will apply tailor-made solutions in close consultation with reporters in some instances (e.g. short positions).

DNB has been drawn attention to lack of clarity about a number of issues. The description of these has been made more unambiguous. Also, DNB decided to harmonise sometimes diverging reporting practices among individual banks in line with current ECB regulations. In this respect the following cases deserve mentioning:

  • netting/cash pooling; starting point is and remains gross reporting;
  • reconciliation: more examples have been added;
  • valuation of collateral; manual has been updated for presentations given to banks on May 31 and December 14 (also sent to the NVB): more guidance how to cope with collateral;
  • breaks in series (corrections, introduction of new systems etc.): please contact DNB where in consultation re-submissions would be set up;
  • technical and software firms that perform services on behalf of banks: reporting institutions remain at all times responsible for their reporting requirements;
  • Commanditaire Vennootschappen (CV): belong in statistical respect to households. But: banks are requested to contact DNB first if they have in their books a substantial CV of a commercial nature;
  • OFI’s: added is a list with well-known institutions that are an OFI and should be classified as such. But where this does not appear from the name;
  • under 9005HK1 a description of industries has been added;
  • Short positions; by virtue of ECB Regulations short positions should be reported as negative assets. DNB and the banks should comply. This implies that the classification choice DNB offered initially will disappear. DNB proposes to apply tailor-made solutions in close consultation with reporters with a view to implementation.

We hope that you will take care of these reports even better! At the same time we would like to point to a number of accompanying documents under 'User documentation' on the 'Monetary institutions' page (i.e. Sector manual ECB, Excel file sector allocation Dutch government, submission calendar 2011). These belong also to the manual.