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FVC - Financial Vehicle Corporation

Contact , Data , Quality references , Methodology

 Contact person Statistical Information Request form,
European Central Bank
 Address European Central Bank
DG Statistics/Monetary & Financial Statistics
60640 Frankfurt am Main
Data Go to the top of FVC - Financial Vehicle Corporation.
  Data category Financial vehicle corporation statistics (FVC statistics)
  Short presentation of data items FVC statistics refer to the aggregated balance sheet of the financial vehicle corporation (FVC) sector resident in the euro area. Aggregated results are compiled for the following four vehicle sub-categories: (i) FVCs engaged in traditional securitisation; (ii) FVCs engaged in synthetic securitisation; (iii) FVCs engaged in insurance-linked securitisation; and (iv) other FVCs. For more information, see here.
  Types of data source The national central banks (NCBs) of the Member States collect data on FVCs according to standards set out in Regulation ECB/2013/40 and report national aggregates to the ECB. The list of FVCs is published by the ECB (see here).
  Seasonal adjustment Not adjusted
  Periodicity Quarterly
  Timeliness Publication on the 35rd working day after the end of the reference quarter
  Catalog Download the series catalogue (complete list of series) of the dataset FVC (Public) (including the metadata): Excel 2013 or the earlier Excel versions.
Quality references Go to the top of FVC - Financial Vehicle Corporation.
  Dissemination of reference documentation The framework for the collection of FVC statistics is laid down in the ECB Regulation concerning statistics on the assets and liabilities of financial vehicle corporations engaged in securitisation transactions (ECB/2013/40). This Regulation is complemented by Guideline ECB/2014/15. They are available for downloading here.
Methodology Go to the top of FVC - Financial Vehicle Corporation.
  Scope / Coverage of the data Balance sheet items of euro area financial vehicle corporations (FVCs) as defined in Regulation ECB/2013/40. The FVC balance sheet statistical reporting covers:
  1. Securitised loans originated by Monetary Financial Institutions (MFIs) and non-MFIs;
  2. Securitised assets other than loans;
  3. Synthetic securitisation; and
  4. FVC liabilities. For more information, see here.
  Geographic coverage Euro area
  Sector coverage Counterparty sectorisation is available for some of the FVCs' balance sheet positions, following ESA 2010 sectorisation rules.
  Transactions coverage Whole financial balance sheet, comprising end of period stocks and transactions during the period.
  Nature of the basic statistical data Please see "Types of data source"
  Adjustments No adjustments
  Aggregation Data are aggregated across the FVC sector in each Member State by NCBs to derive national contributions to the euro area aggregated balance sheet of the FVC sector.
  Consolidation No consolidation. Inter-FVC positions are shown on the balance sheet.
  Index type All growth rate computations refer to an index of notional stocks, rather than to the stock data directly. This allows to present developments in the series free of the effects that non-transactions would have on the growth rate of stocks. The index of notional stocks is computed as a chain index I(t) = I(t-1)*[1+F(t)/S(t-1)], where F(t) are transactions during the period and S(t-1) are stocks at the end of the previous period. The index is computed in a way similar to that used in monetary financial institutions (MFI) statistics, on which more information is available in the Technical Notes to the Euro area statistics section of the ECB Statistical Bulletin.
  Validation Validation is based on the verification of balance sheet constraints, and on checks on the plausibility of developments at various levels of aggregation.