22-07-2014 Information for banks on participation in the TLTROs


On 5 June 2014 the ECB Governing Council has decided to introduce a series of so-called Targeted Longer Term Refinancing Operations (TLTROs). The TLTROs are meant to stimulate lending to the non-financial private sector by MFIs. On 3 July additional details of the operations were announced. The legal act which will form the basis of the TLTROs will be published by the ECB in the beginning of August.
The participation in the TLTROs is accompanied by a reporting obligation for MFIs. Recently, the Treasury and Reporting departments of the MFIs were informed about the obligation via e-mail. On e-Line DNB (http://www.dnb.nl/en/statistics/eline-dnb/Monetary-institutions/index.jsp) you can find all necessary information. The same information is also available on the website of the ECB: http://www.ecb.europa.eu/press/pr/date/2014/html/pr140703_2.en.html. Under “Correspondence” you can find the e-mail which was sent to the Treasury and Reporting departments. Under “User documentation” you can find the reporting template, an example and the reporting guidelines.
When you have questions or comments you can contact DNB on telephone number +3120-5243693 or monrap@dnb.nl