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Show/Hide section   FVC - Financial Vehicle Corporation

 
ADMINISTRATIVE INFORMATION
  Title

FVC - Financial Vehicle Corporation Statistics

  Data source

NCBs and ECB

  Contact email address

Statistical Information request form

 
LEGAL AND INSTITUTIONAL ENVIRONMENT
  Institutional mandate

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.

  Legal acts and other agreements

Regulation ECB/2013/40 concerning statistics on the assets and liabilities of financial vehicle corporations engaged in securitisation transactions (recast)



Guideline ECB/2014/15 on monetary and financial statistics (recast)

 
SCOPE
  Data presentation - Summary description

FVC statistics refer to the aggregated balance sheet of the financial vehicle corporation (FVC) sector resident in the euro area.

  Data presentation - Detailed description

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.

  Statistical population

FVCs resident in the territory of a euro area Member State  form the reference reporting population.



NCBs are entitled to exempt FVCs from statistical reporting requirements that would cause unreasonably high costs compared to their statistical benefit, see Annex I of Regulation ECB/2013/40.

  Reference area coverage

Euro area

  Sector coverage

Financial vehicle corporations belonging to the sub-sector “Other financial intermediaries, except insurance corporations and pension funds", subsector (S.125) in the ESA 2010.

  Time coverage

First reporting of quarterly data on the fourth quarter of 2014. Historical data is provided from the fourth quarter of 2009.

 
METHODOLOGICAL INFORMATION
  Source data type

FVCs submit to the NCBs the data that the NCBs require in accordance with Guideline ECB/2014/15 on monetary, financial institutions and markets statistics. These in turn report national aggregates to the ECB.

  Time period

Quarterly

  Time period - collection

End of the period

  Frequency of data collection

Quarterly

 
STATISTICAL PROCESSING
  Data compilation

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.

No consolidation. Inter-FVC positions are shown on the balance sheet.

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.

  Adjustment

Not adjusted

  Data validation

Validation is based on the verification of balance sheet constraints, and on checks on the plausibility of developments at various levels of aggregation.

  Data revision - policy

The revisions policy and procedures set by the ECB and the relevant NCB must be followed.

 
QUALITY
  Quality management

Quality is ensured by means of a comprehensive legal framework included in the Guideline ECB/2014/15 on monetary and financial statistics (recast).

  Accuracy

Minimum standards for accuracy:
(a) the statistical information must be correct: all linear constraints must be fulfilled (e.g. assets and liabilities must balance, subtotals must add up to totals);
(b) reporting agents must be able to provide information on the developments implied by the transmitted data;
(c) the statistical information must be complete and must not contain continuous and structural gaps; existing gaps should be acknowledged, explained to the relevant NCB and, where applicable, bridged as soon as possible;
(d) reporting agents must follow the dimensions, rounding policy and decimals set by the relevant NCB for the technical transmission of the data.

  Timeliness

Quarterly data are reported by close of business on the 28th working day following the end of the quarter to which the data relate.

 
DISSEMINATION
  Release policy

Publication on the 35rd working day after the end of the reference quarter

  Release policy - release calendar

See the release calendar for financial vehicle corporations statistics in the euro area on the ECB’s website (https://www.ecb.europa.eu/press/calendars/statscal/mfm/html/stpfvc.en.html).

  Dissemination format

Statistical Data Warehouse (SDW) and ECB website (https://www.ecb.europa.eu/stats/financial_corporations/financial_vehicle_corporations/html/index.en.html)

  Dissemination format - news release

Press Release on the ECB website (https://www.ecb.europa.eu/press/pr/stats/fvc/html/index.en.html)

 
MISCELLANEOUS
  Metadata last update 19/NOV/2018 13:55:48

Show/Hide section   Series Level

Financial Vehicle Corporation
Show/Hide section   FVC : Search result for FVC.Q.LU.N.F.A20.A.1.A1.0000.00.Z01.E

Title Complement Luxembourg, Outstanding amounts at the end of the period (stocks), Total FVCs reporting sector - Assets - Securitised loans, Total maturity, All currencies combined - World (all entities) counterpart, Unspecified counterpart sector sector, All sectors combined, denominated in Euro, data Neither seasonally nor working day adjusted
Series Key FVC.Q.LU.N.F.A20.A.1.A1.0000.00.Z01.E
ECB Last update 2019-08-16 10:00:00.0
Unit Millions of Euro
Reference area Luxembourg (LU)
Decimals Zero (0)
Collection indicator End of period (E)
Title Securitised loans originated by all sectors combined reported by all FVCs in Luxembourg (stock)
Publications Financial Vehicle Corporation Assets and Liabilities: Table in chapter 01, section 02 (T0102)
Financial Vehicle Corporation Assets and Liabilities: Table in chapter 11, section 01
Frequency Quarterly