ECCBSO European Committee of Central Balance Sheet Data Offices

Transcription

1 REPORT 0 PRODUCTS AND SERVICES OF THE EUROPEAN CBSOs APRIL 0

2 EUROPEAN COMMITTEE OF CENTRAL BALANCE SHEET DATA OFFICES APRIL 0 Banca d Italia Banca Naţională a României Banka Slovenije Banco de España Banco de Portugal Bank of England Banque de France Banque Nationale de Belgique Central Bank of Ireland Centraal Bureau voor de Statistiek - Netherlands Cerved Group spa Centrale dei Bilanci Česká Národní banka Danmarks Statistik Danmarks NationalBank Deutsche Bundesbank European Central Bank Národná banka Slovenska Narodowy Bank Polski Oesterreichischen Nationalbank STATEC Luxembourg Statistiska centralbyråns - Sweden Tilastokeskus - Statistikcentralen Τράπεζα της Ελλάδος

3 EUROPEAN COMMITTEE OF CENTRAL BALANCE SHEET DATA OFFICES report INDEX. PRESENTATION. QUESTIONNAIRE APPROACH 3. EUROPEAN CBSOs 3. CHARACTERIZATION OF CBSOs 3. CBSOs DATABASES 3.3 CBSOs PRODUCTS AND SERVICES (P&S) 3.4 FUTURE CBSOs PRODUCTS AND SERVICES (P&S) 3.5 SUMMARY 3

4 EUROPEAN COMMITTEE OF CENTRAL BALANCE SHEET DATA OFFICES report INDEX. PRESENTATION. QUESTIONNAIRE APPROACH 3. EUROPEAN CBSOs 3. CHARACTERIZATION OF CBSOs 3. CBSOs DATABASES 3.3 CBSOs PRODUCTS AND SERVICES (P&S) 3.4 FUTURE CBSOs PRODUCTS AND SERVICES (P&S) 3.5 SUMMARY 4

5 PRESENTATION The () is an informal body whose members consist of experts either from the Central Balance Sheet belonging to or associated with the National Central Banks (NCB) of the European Community, or from National Statistical Institutes. The main task of the is to improve the analysis of Non financial corporate enterprises through the exchange of information and joint studies, onthe basis of the work carried out by the national central balance sheet offices which collect, storeand diffuse descriptive and accounting firm, and starting fromthese information, they develop economic and financial research. The structure of the is the following: CHAIRMAINSHIP BANCO DE ESPAÑA (from November 00 until November 03) PERMANENT OBSERVERS European Commission MEMBERS Banca d'italia Banco de Portugal Banco de España Bank of England Bank of Greece Banque de France Banque Nationale de Belgique Nationale Bank van België Central Bank of Ireland Cerved Group spa Centrale dei Bilanci Czech National Bank Danmarks NationalBank Deutsche Bundesbank European Central Bank National Bank of Poland National Bank of Romania National Bank of Slovakia National Bank of Slovenia Oesterreichische h Nationalbank k STATEC Luxembourg Statistics i Finland Statistics i Netherlands Statistics Sweden Statistics Denmark OBSERVERS IFRS Foundation 5 REPORT 0 Products and Services of the European CBSOs April 0

6 PRESENTATION European ropeancommittee of Central Balance Sheet france.fr/ banq e fr/ The () has developed two bases: namely the Bank for Accounts of Companies Harmonized (BACH) and the European Sectoral references Database (ESD). In the near future, BACH base will include both sets of. BACH (harmonized annual accounts statistics; aggregated ) nine European countries at least 0 financial years (from 000 onwards) 95 major items of the balance sheet, of the profit and loss account business sectors corresponding to the NACE rev. (divisions digits) three different size types (defined according to the turnover) BACH - ESD (harmonized annual accounts statistics; statistical distributions) nine European countries at least 0 financial years (from 000 onwards) 8 financial ratios quartiles and weighted means differentiated by NACE rev. (division digits) and firm sizes. 6 REPORT 0 Products and Services of the European CBSOs April 0

7 PRESENTATION European ropeancommittee of Central Balance Sheet The () has created four working groups: namely RISK ASSESSMENT WORKING GROUP, BACH ESD WORKING GROUP, III WORKING GROUP ON IFRS IMPACT AND CBSO DATABASES and STUDY GROUP. RISK ASSESSMENT WG The Risk Assessment Working Group was set up in order to draw up the so called White Paper on corporate analysis in Europe and to draft reports on the analysis of stocks and flows conducted in the various central balance sheet offices. The group then expanded its project and its members have been working in cooperation with the related divisions of the European Central Bank, homogenizing the risk analysis. BACH ESD WG The BACH ESDWorkingGroupisinchargeofdevelopingandimproving two European statistical bases: the BACH base or Bank for Accounts of Companies Harmonized, and the BACH ESD base or European Sectoral References base. These bases provide comparable sectoral statistics from annual accounts of non financial incorporated companies of a number of European countries. III WG ON IFRS IMPACT AND CBSO DATABASES STUDY GROUP The III Working Group primarily focuses on the impact of the International Financial Reporting Standards (IFRS), issued by the IASB, on the accountancy of non financial corporations and their effects on the European central balance sheet offices bases and questionnaires, trying to assess both potential opportunities and risks. The Study Group focuses mainly on the analysis of equity capitalization in an international setting. It has already produced three studies. The most recent one deals with Net Worth at Risk (NWaR), which was published in August 005. NWaR is dealing with the minimum capital needed by acompany in order to absorb potential losses for/during a period of two years of crises. q, y g p pp y p y p / g 7 REPORT 0 Products and Services of the European CBSOs April 0

8 PRESENTATION European ropeancommittee of Central Balance Sheet Several publications have been prepared based on the work performed within the. Several economic studies have beenmadebasedonbachand BACH ESD bases. BACH ESD WG The research of the Working Group on Risk Assessment is dedicated to credit risk modeling and measurement. RISK ASSESSMENT WG III WG ON IFRS IMPACT AND CBSO DATABASE The Group has developed IFRScompliant standard formats (using the IFRS Taxonomy) and created a base of European Records of IFRS Consolidated Accounts (ERICA). Currently, the Group is doing supplemental research on NWaR, as well as taking into consideration aspects of illiquidity. STUDY GROUP 8 REPORT 0 Products and Services of the European CBSOs April 0

9 EUROPEAN COMMITTEE OF CENTRAL BALANCE SHEET DATA OFFICES report INDEX. PRESENTATION. QUESTIONNAIRE APPROACH 3. EUROPEAN CBSOs 3. CHARACTERIZATION OF CBSOs 3. CBSOs DATABASES 3.3 CBSOs PRODUCTS AND SERVICES (P&S) 3.4 FUTURE CBSOs PRODUCTS AND SERVICES (P&S) 3.5 SUMMARY 9

10 QUESTIONNAIRE APPROACH The strength of the Committee lies in the different goals and work methods employed in each national central balance sheet office: although all them have in common the use of accounting for different purposes, the goals achieved by each institution, and the products and services offered by them, are quite diverse. This allows the different working groups of the to cover a vast scope of matters. Although the website of the Committee diffuses widely the works done by the s working groups, it seems convenient to include also some explanatory remarks about the tasks developed by each member. This Report aims to take stock of the products and services currently developed, and/ or under development in the different Central Balance Sheet members of it. To that aim, it was developed a questionnaire to acknowledge the different work done across Europe. The questionnaire comprises five parts: General Information, Raw, Products and Services (P&S), Future P&S and Summary Table. QUESTIONNAIRE STRUCTURE PART I PART II GENERAL NFORMATION RAW DATA Global characterization of each CBSO Characteristics of CBSO sources PART III PART IV PART V P&S FUTURE P&S SUMMARY TABLE Main features of each product and service currently provided by every CBSO General characteristics of new CBSO sources and CBSO products and services A summary of the answers 0 REPORT 0 Products and Services of the European CBSOs April 0

11 QUESTIONNAIRE APPROACH The questionnaire was sent in November 0 to twenty European countries and to the itself. The large majority of the countries have answered (77%). In the Annex to this Report (Excel file) individual answers are provided. Spain Sweden UK Austria Belgium Czech Rep. Denmark k(ncb) Slovenia Finland Slovakia France Romania Germany Portugal Poland Netherlands Luxembourg Italy (NCB and CERVED) Ireland* Greece Covered by this Report Not covered by this Report *Bank of Ireland has answered to this Questionnaire. However, it was not considered in the Report because it does not run a genuine Central Balance Sheet base. REPORT 0 Products and Services of the European CBSOs April 0

12 EUROPEAN COMMITTEE OF CENTRAL BALANCE SHEET DATA OFFICES report INDEX. PRESENTATION. QUESTIONNAIRE APPROACH 3. EUROPEAN CBSOs 3. CHARACTERIZATION OF CBSOs 3. CBSOs DATABASES 3.3 CBSOs PRODUCTS AND SERVICES (P&S) 3.4 FUTURE CBSOs PRODUCTS AND SERVICES (P&S) 3.5 SUMMARY

13 CHARACTERIZATION OF CBSOs The major part of the European Central Balance Sheet (CBSO) are installed in National Central Banks (G). From our sample, a significant part of the CBSOs that belong to National Central Banks (NCBs) are directly associated with the statistical function (G). CBSOs belonging to other type of institutions have the following main tasks: analysis/ research (), statistics (National Statistical institute) and risk assessment/ rating (private company). It is somewhat important to bear in mind that the questionnaire was delivered to members, which are mainly constituted by National Central Banks. However, according to the results of this questionnaire: National Statistical Institutes play an important role in: Czech Republic and Poland; and, Private companies are important in Denmark and Italy. G TYPE OF INSTITUTION G MAIN OBJECTIVE OF THE CBSOs IN NCBs National Central Bank National Statistical Institute Private Company Statistics Risk Assessment/Rating Fin. Stability Publication of micro Supervision NB: two different entities were considered for Italy (NCB and private company). NB: In Germany CBSO base is managed by two different Departments with two different objectives. For that reason, for this country it was considered two main objectives. 3 REPORT 0 Products and Services of the European CBSOs April 0

14 EUROPEAN COMMITTEE OF CENTRAL BALANCE SHEET DATA OFFICES report INDEX. PRESENTATION. QUESTIONNAIRE APPROACH 3. EUROPEAN CBSOs 3. CHARACTERIZATION OF CBSOs 3. CBSOs DATABASES 3.3 CBSOs PRODUCTS AND SERVICES (P&S) 3.4 FUTURE CBSOs PRODUCTS AND SERVICES (P&S) 3.5 SUMMARY 4

15 CBSOs DATABASES Knowledge of the sources is the basis of any analysis or statistics. Not only the type that each one of the bases has, but also the interest and usability (measured, for instance, in terms of the representativeness of the ). Among the fourteen countries that have answered to this questionnaire, it was encountered 44 bases directly linked to the CBSOs, which in average represents 3 bases per country. In general, the major part of the bases under the supervision of CBSOs are possible to be agglomerated by periodicity/ accounting consolidation: Annual accounts (individual/ consolidated accounts), Quarterly accounts (individual/ consolidated accounts), Semi annual accounts (individual/ id consolidated d accounts) t) and Other (Descriptive dtb bases, Business Register and Central lcreditregister). G3 NUMBER OF DATABASES BY PERIODICITY AND ACCOUNTS CONSOLIDATION Annual In terms of periodicity of raw, a significant part concern annual (G3); 6 out of 44 sources. It seems that all countries have at least annual, although in Romania this is based on semi annual accounts. Quarterly 5 In terms of whether the sources incorporate individual accounts or/and consolidated accounts, it seems clear from the graph that individual Semi annual Individual accounts are most common in European CBSO bases; out of 44 sources. Other 7 Consolidated Individual & consolidated The major part of quarterly concerns individual ; 5 out of 8 sources. Note: Other refers to Descriptive bases, Business Register and Central Credit Register For more information, see BOX. REPORT 0 Products and Services of the European CBSOs April 0 5

16 CBSOs DATABASES Regarding the Other bases Descriptive bases, Business Register and Central Credit Register only 3 countries (France, Italy and Portugal) have some under its own responsibility (G4). In this field, the CBSOs from these countries find particularly useful to run Business Register. G4 DESCRIPTIVE DATABASES, BUSINESS REGISTER AND CENTRAL CREDIT REGISTER Central Credit Register Descriptive bases Business Register France Portugal Italy Central Credit Register: base that records information related to loans granted by credit institutions to companies; Descriptive base: base with complementary information about companies; for example, extraordinary events like M&A, group structures; Business Register: base concerning the Non Financial Corporations population; it includes general characteristics of each corporation, like the sector of activity, date of birth, class dimension. 6 REPORT 0 Products and Services of the European CBSOs April 0

17 CBSOs DATABASES BOX DATABASES BY PERIODICITY AND ACCOUNTS CONSOLIDATION 3 Other Semi annual Cons Semi annual Indiv Quarterly Indiv & Cons Quarterly Cons Quarterly Indiv Annual Indiv & Cons Annual Cons Annual Indiv 7 REPORT 0 Products and Services of the European CBSOs April 0

18 CBSOs DATABASES G5 NUMBER OF DATABASES BY SOURCE Data are mainly obtained directly by CBSOs from both Administrative and Statistical surveys; 6 out of 37 bases. It is important to notice that 8 of this 3 Administrative are related to sources with annual (individual d accounts). Statistical surveys are used lk likewise for annual and quarterly (individual accounts). Multiple sources Tax returns Official financial accounts ANNUAL DATA Administrative, Statistical surveys and Official financial reporting explain Statistical Survey 5 86% of the sources of the CBSOs bases. Administrative 8 3 Official financial accounts, 6% Multiple sources, 5% Tax returns, 5% Search, 3% Administrative, 35% Individual Consolidated Individual & consolidated Statistical survey, 35% Note: Descriptive bases, Business Register and Central Credit Register are not considered in this analysis. QUARTERLY DATA SEMI ANNUAL DATA INDIVIDUAL: 5 Statistical survey; CONSOLIDATED: Official financial accounts; INDIVIDUAL & CONSOLIDATED: Statistical survey and Official financial accounts INDIVIDUAL: Administrative ; CONSOLIDATED: Official financial accounts and obtained by searching on the internet 8 REPORT 0 Products and Services of the European CBSOs April 0

19 CBSOs DATABASES G6 NUMBER OF RAW DATA BY LEGAL BASIS 68% of the raw are mandatory; Voluntary, 3% 3% are obtained on a voluntary basis. Mandatory, 68% INDIVIDUAL CONSOLIDATED IND & CONS ANNUAL ACCOUNTS Mandatory Voluntary QUARTERLY ACCOUNTS 4 Note: All 3 Semi annual bases are mandatory. 9 REPORT 0 Products and Services of the European CBSOs April 0

20 CBSOs DATABASES FAST FACTS ABOUT EUROPEAN CBSOs (I) T RESPONSABILITY FOR COLLECTING RAW DATA Info AVAILABILITY OF RAW DATA 48% oftherawiscollecteddirectlybythecbsos (43%) or by other NCBs internal Departments t (Statistics) ti ti (5%). Et External conduction of dt collection (39%) refers to, among others, private companies, Ministry of Finance and National Statistical Offices. 68% of bases have started before 005. Among the remaining bases it is important to mention the caseof Luxembourg that has started in 0. DATASOURCE RESPONSIBLE % CBSO 43 EXTERNAL 39 Info RAW DATA BY MAIN CONTENTS SHARED SHARED INTERNAL EXTERNAL 9 CBSO & EXTERNAL 5 95% of bases have at least information about Balance sheet (BS) and Income Statement (IS). The remaining 5% have at least BS. INTERNAL STATISTICS 5 In this sense, 3 of the raw has some external component (shared or not shared); 78% of the external entities involved are Public. For more detail see BOX. It is important to notice that bases have a huge variety of additional information like cash flow statements, accounting details, notes, default and others. 0 REPORT 0 Products and Services of the European CBSOs April 0

21 CBSOs DATABASES BOX RESPONSABILITY FOR DATA COLLECTION PER PERIODICITY AND ACCOUNTS CONSOLIDATION Internal Statistics CBSO & External Shared Internal External External CBSO Indiv Cons Indiv & cons Indiv Cons Indiv & cons Indiv Cons Business Register Central Credit Register Descriptive Database Annual Quarterly Semi annual Others REPORT 0 Products and Services of the European CBSOs April 0

22 CBSOs DATABASES FAST FACTS ABOUT EUROPEAN CBSOs (II) Info DATABASES BY ACCOUNTING BASIS Info DATABASES BY COVERAGE 5% oftherawisofnational GAAP nature. The other half is divided in 57% of bases correspond to a subset of corporations. While 4% raw based on either National GAAP and IFRS (9%), solely l IFRS (4%) and concern full coverage of the NFC(Non Financial Corporations) population and a combination between IFRS and ESA standards (5%). National GAAP is the % to a statistical sample. It is important to see that almost half of the accounting basis for the majority of individual while consolidated accounts bases related to NFC population corresponds to bases of Annual are mostly denominated in IFRS. accounts. 4% 9% 33% 33% G7 DATABASES BY SAMPLE BIAS 77% 67% 7% 7% 33% 57% of the CBSO samples have a bias. The foundation is mainly explained by biasness towards larger size classes (96%). Such biases are mainly present in the bases with individual accounts. See BOX 3 for more. Individual Consolidated Individual & consolidated National GAAP IFRS National GAAP & IFRS IFRS + ESA Biased, 57% Not biased, 43% REPORT 0 Products and Services of the European CBSOs April 0

23 CBSOs DATABASES FAST FACTS ABOUT EUROPEAN CBSOs (II) BOX 3 SAMPLE BIAS BY ACCOUNTS CONSOLIDATION G8 DATABASES BY BREAK IN TIME SERIES 3% 7% 55% of bases does not have any break in time series. Major reasons for breaks are due to changes in the accounting systems (55%) and samples (0%). Of bases that have started before 005, 47% have break in time series. 78% YES, 45% 68% 83% NO, 55% % Individual & consolidated 33% 67% Individual Consolidated Individual & consolidated Consolidated 67% 33% YES NO Individual 45% 55% YES NO 3 REPORT 0 Products and Services of the European CBSOs April 0

24 CBSOs DATABASES G9 AVAILABILITY OF RAW DATA IN EUROPEAN CBSOs [NOTE: DATA FOR 0 AND 0 UNDER DEVELOPMENT] INDIVIDUAL ACCOUTNS CONSOLIDATED ACCOUNTS INDIVIDUAL & CONSOLIDATED ACCOUNTS DESCRIPTIVE DATABASES, BUSINESS REGISTER, CENTRAL CREDIT REGISTER DE IT ES BE BE IT DE AT FR FR FR ES PT PT IT SI PL DK PL ES IT DE FR PT PT IT IT RO SI DE DE CZ AT CZ SI SK IT PT AT PT FR ES LU SI 4 REPORT 0 Products and Services of the European CBSOs April 0

25 CBSOs DATABASES BOX 4 AVAILABILITY OF RAW DATA IN EUROPEAN CBSOs [NOTE: DATA FOR 0 AND 0 UNDER DEVELOPMENT] IT INDIVIDUAL ACCOUNTS ES BE AT FR ES PT ES BE IT DE AT ES SI PL PL FR FR FR ES PT PT DE PT SI PL DK PL ES IT IT RO DE FR PT CZ SK IT IT RO SI PT CZ IT AT PT AT PT PT DE DE CZ AT CZ SI SK BE IT DE IT FR ES LU SI SI LU Annual accounts Quarterly accounts Semi annual accounts 5 REPORT 0 Products and Services of the European CBSOs April 0

26 CBSOs DATABASES BOX 5 AVAILABILITY OF RAW DATA IN EUROPEAN CBSOs [NOTE: DATA FOR 0 AND 0 UNDER DEVELOPMENT] CONSOLIDATED ACCOUNTS PT ES FR DE DE AT FR BE IT INDIVIDUAL & CONSOLIDATED ACCOUNTS DK SI SI IT DE DE Annual accounts Quarterly accounts Semi annual accounts 6 REPORT 0 Products and Services of the European CBSOs April 0

27 CBSOs DATABASES G0 ANNUAL DATABASES Total Nr=6 4 Individual & Consolidated Consolidated Individual TIMELINESS S* N + 4 months N + 6 months N + 7 months N + 9 months N + 0 months N + months N + months N + 4 months G QUARTERLY DATABASES G SEMI ANNUAL DATABASES N + 4 months, 3% ( individual id l& consolidated) N + 3 months, 5% ( individual and consolidated) Total Nr=8 N + months, 63% (4 individual and individual & consolidated) N + 8 months, 33% ( individual) id N + 6 months, 33% ( consolidated) * In some cases, Timeliness figures for provisional statistics raw. The base itself might not be complete at the given date REPORT 0 Products and Services of the European CBSOs Total Nr=3 N + 3 months, 33% ( consolidated) 7 April 0

28 EUROPEAN COMMITTEE OF CENTRAL BALANCE SHEET DATA OFFICES report INDEX. PRESENTATION. QUESTIONNAIRE APPROACH 3. EUROPEAN CBSOs 3. CHARACTERIZATION OF CBSOs 3. CBSOs DATABASES 3.3 CBSOs PRODUCTS AND SERVICES (P&S) 3.4 FUTURE CBSOs PRODUCTS AND SERVICES (P&S) 3.5 SUMMARY 8

29 CBSOs PRODUCTS AND SERVICES (P&S) This section of the Report presents the Products & Services (P&S) carried out by the CBSOs enquired. Of the fifteen European countries/entities* that are considered in the present analysis it was found a total of 3 P&S. It is important to notice that Luxembourg has no P&S in the moment because its activity as a CBSO is starting this year. For this reason, Luxembourg will only be considered in the section of Future P&S. According to the answers of the questionnaire, each country/ entity has in average 8 P&S. By P&S categories, the great majority would respect to aggregated (37%). The rest of the P&S have the following division: Studies/ Reports/ Analysis (8%), Micro individual (0%), Risk Assessment (8%) and Microand d aggregated tddt (7%). Please see Figure and Graph3 to have more dtil detail on each P&S. F TYPES OF PRODUCTS & SERVICES 37% AGGREGATED DATA It respects to P&S that diffuse mere aggregated, without analytical texts, on economic/ financial indicators. For example, by sector of activity, size of companies. 8% 0% STUDIES/ REPORTS/ ANALYSIS MICRODATA: INDIVIDUAL DATA Whenever the P&S is focused on presenting some deepness to some subject of interest. For instance, the financial performance of SMEs. P&S that delivers on an individual basis, company by company. For instance, the delivery of the accounts of one company for matters of Bank Supervision. 8% RISK ASSESSMENT P&S related to rating and/ or scoring. The Financial Stability Report was also included here. 7% MICRODATA AND AGGREGATED DATA Meant for P&S that put together micro: individual and aggregated. For example, a P&S that compares a single company to its sector/ company size. *For Italy two entities were considered: National Central Bank and private company 9 REPORT 0 Products and Services of the European CBSOs April 0

30 CBSOs PRODUCTS AND SERVICES (P&S) G3 NUMBER AND TYPE OF PRODUCTS & SERVICES BY CBSO Portugal Spain France Belgium Germany Italy_BdI Poland Italy_CG Romania Austria Czech Rep. Denmark Slovakia Slovenia Aggregated Studies / Reports / Analysis Micro: individual Risk Assessment Micro and aggregated 30 REPORT 0 Products and Services of the European CBSOs April 0

31 CBSOs PRODUCTS AND SERVICES (P&S) EXAMPLES OF P&S MICRODATA: INDIVIDUAL DATA Individual for the following purposes: ERICA bases, statistics, research, sample design input; Online consultation of individual accounts; Data Warehouse (available for the entire institution). AGGREGATED DATA Contribution for statistics: Non Financial Corporations, BACH, aggregated for other divisions, Financial accounts, Financial Soundness Indicators); Summary Table to the Board of Directors; Sectoral Aggregates. MICRODATA AND AGGREGATED DATA Enterprise and Sector Table delivered to individual enterprises; Studies for individual enterprises. STUDIES/ REPORTS/ ANALYSIS Statistical Bulletin; Studies on Non Financial Corporations (example, SME delay on payments); Research papers. RISK ASSESSMENT Rating; Scoring. 3 REPORT 0 Products and Services of the European CBSOs April 0

32 ANALYSIS BY TYPE OF P&S AGGREGATED DATA STUDIES/ REPORTS/ ANALYSIS MICRODATA: INDIVIDUAL DATA RISK ASSESSMENT MICRODATA AND AGGREGATED DATA 3

33 CBSOs PRODUCTS AND SERVICES (P&S) Ж G5 INTERNAL/ EXTERNAL P&S BY TYPE P&S related to Micro have lower percentage of deliverability to external 5% audiences. 37% 4% 48% 40% 38% 40% 59% 59% 44% 38% 0% Aggregated Studies / Reports / Analysis Micro: individual Risk Assessment Micro and aggregated External Internal Internal & External 33 REPORT 0 Products and Services of the European CBSOs April 0

34 CBSOs PRODUCTS AND SERVICES (P&S) Ж G6 EXTERNAL P&S BY TYPE AND USER 50% of the P&S are deliverables for external use only. 33% The General public is the most important external user of both Studies/ Reports/ Analysis and Aggregated. Companies are the only recipients of P&S concerning Micro and aggregated. The receives most of the Micro: individual id as a consequence of ERICA and ERICA bases. 63% 90% Aggregated Studies / Reports / Analysis 64% 36% Micro: individual 50% 50% Risk Assessment 00% Micro and aggregated General public Companies Government Specific entities Companies & Banks 34 REPORT 0 Products and Services of the European CBSOs April 0

35 CBSOs PRODUCTS AND SERVICES (P&S) Ж 36% of the P&S are deliverables for internal use only. The Statistics Departments in the NCBs are the main users of both Micro and aggregated. The Research & Economic Departments are also very interested in this type of CBSOs P&S. Supervision Departments are basically focused on P&S related to Risk Assessment. Finally, it seems there is a significant production of CBSOs Studies/ Reports/ Analysis for the Board of Directors of the NCBs. 4% 53% G7 INTERNAL P&S BY TYPE AND USER 50% 7% 50% 38% 3% Aggregated Studies / Reports / Analysis 7% 4% Micro: individual 50% Risk Assessment 33% 67% Micro and aggregated Statistics Dept Supervision DepT Research & Economic Dept Board of Directors Various Dept Financial Stability Dept 35 REPORT 0 Products and Services of the European CBSOs April 0

36 GENERAL ANALYSIS OF P&S 36

37 CBSOs PRODUCTS AND SERVICES (P&S) Ж G8 PURPOSE OF P&S Almost hlf half of the P&S have a Legal Obligation, % purpose of Research or Analysis (48%). The second Statistics, 35% Research/ Analysis, 48% most common reason that explain P&S is Statistics (35%). Risk Assessment, 5% Note: A P&S can have more than one purpose G9 CBSO P&S RELATED TO STATISTICS Financial Accounts, 5% Various, 6% BoP, 8% Central Balance Sheet Databases (CBSD) CBSD, 6% 37 REPORT 0 Products and Services of the European CBSOs April 0

38 CBSOs PRODUCTS AND SERVICES (P&S) F CBSO CONTENTS INCLUDED IN THE P&S 5% of the CBSO P&S include accounting, derived indicators and text simultaneously. It was not find any P&S that has both accounting and text. However, 33% of P&S have both accounting and derived indicators. ACCOUNTING DATA 8% 33% % 5% DERIVED INDICATORS 0% % TEXT 0% 38 REPORT 0 Products and Services of the European CBSOs April 0

39 CBSOs PRODUCTS AND SERVICES (P&S) FAST FACTS ABOUT EUROPEAN CBSOs P&S (I) G0 NON CBSO CONTENTS INCLUDED IN THE P&S G FORMAT OF P&S DELIVERY 7% of the P&S does not have any other contents than the ones available in ONLINE HARD COPY each CBSO. More than hlf half of theremaining i 8% thatt uses other contents t than the ones available in CBSO uses, at least, either the information of the Securities Database or the Central Credit Register. YES, 37% YES, % Almost half (46%) of the P&S that use non CBSO contents are explained by Studies/ Reports/ Analysis. The rest of the distribution is as follows: Aggregated Data (0%), Risk Assessment (7%), Micro and Aggregated NO, 63% NO, 89% (9%) and Micro: individual (9%). READ ONLY FLEXIBLE YES, 8% NO, 7% YES, 46% NO, 54% YES, 73% NO, 7% 39 REPORT 0 Products and Services of the European CBSOs April 0

40 CBSOs PRODUCTS AND SERVICES (P&S) FAST FACTS ABOUT EUROPEAN CBSOs P&S (II) G CONFIDENTIALITY OF P&S G3 TIMING OF P&S 46% ofp&sarerestricted,4%aremadepublicandtheremaining%are both public and restricted d( (e.g., the BACH ESD base). 83% of P&S are made available on a regular basis; for 74% of them until yearafter the reference period. 89% of P&S related to Risk Assessment are restricted. That percentage of restricted P&S decreases in the other types: 75% in Micro and aggregated, 64% in Micro: individual, 34% in Studies/ Analysis/ Reports and 30% in Aggregated Data. Public & Restricted, % Public, 4% Real time, % Irregular, 6% Regular, 83% N+Q to N+4Q; 74% Restricted, 46% N+5Q to N+9Q, 9% 40 REPORT 0 Products and Services of the European CBSOs April 0

41 EUROPEAN COMMITTEE OF CENTRAL BALANCE SHEET DATA OFFICES report INDEX. PRESENTATION. QUESTIONNAIRE APPROACH 3. EUROPEAN CBSOs 3. CHARACTERIZATION OF CBSOs 3. CBSOs DATABASES 3.3 CBSOs PRODUCTS AND SERVICES (P&S) 3.4 FUTURE CBSOs PRODUCTS AND SERVICES (P&S) 3.5 SUMMARY 4

42 CBSOs PRODUCTS AND SERVICES (P&S) FAST FACTS ABOUT FUTURE EUROPEAN CBSO P&S G4 TOTAL NUMBER OF FUTURE NEW P&S BY TYPE new P&S are already in CBSO plans for the near future. New P&S will be mostly associated with Studies/ Reports/ Analysis and Micro: individual. This new P&S will beeither ih for internal use (36%),external use (36%) and bothinternal and external use (7%) Total Risk Assessment Micro and aggregated Aggregated Micro: individual Studies / Reports / Analysis 4 REPORT 0 Products and Services of the European CBSOs April 0

43 EUROPEAN COMMITTEE OF CENTRAL BALANCE SHEET DATA OFFICES report INDEX. PRESENTATION. QUESTIONNAIRE APPROACH 3. EUROPEAN CBSOs 3. CHARACTERIZATION OF CBSOs 3. CBSOs DATABASES 3.3 CBSOs PRODUCTS AND SERVICES (P&S) 3.4 FUTURE CBSOs PRODUCTS AND SERVICES (P&S) 3.5 SUMMARY 43

44 SUMMARY G5 SUMMARY OF EUROPEAN CBSOs P&S PRESENT AND FUTURE Studies / Reports / Analysis Aggregated Micro and aggregated Risk Assessment Micro: individual Present & Future Present *The scale corresponds to the number of P&S types available 44 REPORT 0 Products and Services of the European CBSOs April 0

45 ANALYSIS BY COUNTRY/ INSTITUTION 45

46 SUMMARY Studies / Reports / Analysis Risk Assessment Aggregated G6 AUSTRIA Micro and aggregated Micro: individual Present & Future Present Studies / Reports / Analysis Risk Assessment Aggregated G7 BELGIUM Micro and aggregated Micro: individual Present & Future Present e corresponds to th he number of P&S types available G8 CZECH REPUBLIC G9 DENMARK *The scal Studies / Reports / Analysis Aggregated Micro and aggregated Aggregated Present & Future Present Studies / Reports / Analysis Aggregated Aggregated 0 Micro and aggregated Present & Future Present Risk Assessment Micro: individual Risk Assessment Micro: individual 46 REPORT 0 Products and Services of the European CBSOs April 0

47 SUMMARY Studies / Reports / Analysis Risk Assessment Aggregated G30 Micro and aggregated Micro: individual Present & Future Present Studies / Reports / Analysis Risk Assessment Aggregated G3 FRANCE Micro and aggregated Micro: individual Present & Future Present e corresponds to th he number of P&S types available G3 GERMANY G33 ITALY BANK OF ITALY *The scal Studies / Reports / Analysis Aggregated Micro and aggregated 0 Present & Future Present Studies / Reports / Analysis Aggregated Micro and aggregated Present & Future Present Risk Assessment Micro: individual Risk Assessment Micro: individual 47 REPORT 0 Products and Services of the European CBSOs April 0

48 SUMMARY Studies / Reports / Analysis Risk Assessment G34 ITALY CERVED GROUP Aggregated Micro and aggregated Micro: individual Present & Future Present Studies / Reports / Analysis Risk Assessment G35 LUXEMBOURG Aggregated Micro and aggregated Micro: individual Present & Future Present e corresponds to th he number of P&S types available G36 POLAND G37 PORTUGAL *The scal Aggregated Aggregated Studies /.5 Micro and Studies / 6 Micro and Reports / aggregated Reports / 4 aggregated Analysis 0.5 Present & Future Analysis 0 0 Present Present & Future Present Risk Assessment Micro: individual Risk Assessment Micro: individual 48 REPORT 0 Products and Services of the European CBSOs April 0

49 SUMMARY Studies / Reports / Analysis Risk Assessment Aggregated G38 ROMANIA Micro and aggregated Micro: individual Present & Future Present Studies / Reports / Analysis Risk Assessment Aggregated G39 SLOVAKIA Micro and aggregated Micro: individual G40 SLOVENIA G4 SPAIN Present & Future Present Aggregated and Risk Assessment *The scale corresponds to th he number of P&S types available Studies / Reports / Analysis Aggregated Aggregated 0 Micro and aggregated Present & Future Present Studies / Reports / Analysis Aggregated Micro and 4 aggregated 0 Present & Future Present Risk Assessment Micro: individual Risk Assessment Micro: individual 49 REPORT 0 Products and Services of the European CBSOs April 0

50 50