Question ID
2017_3619
Legal act
Regulation (EU) No 575/2013 (CRR)
Topic
Supervisory reporting - Asset Encumbrance
Article
100
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
Regulation (EU) No 680/2014 - ITS on supervisory reporting of institutions (repealed)
Article/Paragraph
Annexes XVI and XVII
Name of institution / submitter
SSM/Oesterreichische Nationalbank
Country of incorporation / residence
Austria
Type of submitter
Competent authority
Subject matter
Asset Encumbrance - Eligible collateral in a central bank
Question

Should deposits at central banks be reported as central bank eligible assets?

Background on the question

Should sight- or term-deposits at central banks, reported in AE-ASS 010 Loans on Demand or AE-ASS 100 Loans and advances other than loans on demand, be reported in columns 030 or 080 as central bank eligible assets? The collateral framework of ECB does not foresee that deposits at a central bank can be pledged as collateral for operations with the Eurosystem. However, deposits might be blocked by a central bank to collateralize intra-day overdrafts related to settlement.

Submission date
Final publishing date
Final answer

Annex XVII chapter 2.1.2 states that r020 “loans on demand” includes the balances receivable on demand at central banks and other institutions. Concerning r100, it includes loans and advances, that is, debt instruments held by the reporting institutions that are not securities, other than balances receivable on demand.
In this case, sight- or term-deposit at central banks, if they are available on demand, have to be reported in r020.


Annex XVII chapter 2.1.3 defines central bank eligibility as “assets held by the reporting institution which are eligible for operations with those central banks to which the reporting institution has access”. Thus, sight or term deposits at central banks should be treated as central bank eligible only if they are accepted as collateral by the central bank.

Status
Final Q&A
Answer prepared by
Answer prepared by the EBA.

Disclaimer

The Q&A refers to the provisions in force on the day of their publication. The EBA does not systematically review published Q&As following the amendment of legislative acts. Users of the Q&A tool should therefore check the date of publication of the Q&A and whether the provisions referred to in the answer remain the same.