Annex 6 K. VALDEMĀRA IELA 2A RĪGA LV-1050 LATVIJA TĀLRUNIS +371 67022300 FAKSS +371 67022420 E-PASTS INFO@BANK.LV WWW.BANK.LV (Unofficial translation) Draft (Version 1) Riga, 2013 Regulation No. "Regulation for Preparing the 'Calculation of the Reserve Base and Reserve Requirement' for Credit Unions" Issued pursuant to Article 39 of the Law "On Latvijas Banka" 1. The regulation outlines the procedure for preparing and submitting the "Calculation of the Reserve Base and Reserve Requirement" (hereinafter, the Report) to Latvijas Banka by credit unions registered in the Republic of Latvia (hereinafter, a credit union), to ensure compliance with the requirements of Regulation (EC) No. 1745/2003 of the European Central Bank of 12 September 2003 on the application of minimum reserves (hereinafter, the ECB Regulation) as of 1 January 2014. 2. To ensure compliance with the reserve requirements for the first three maintenance periods of 2014 ending on 14 January, on 11 February and on 11 March 2014, a credit union shall prepare, pursuant to the requirements of the ECB Regulation, a Report (Appendix), based on the data of the Monthly Financial Position Report of 30 September 2013. The credit union shall submit the Report referred to in this Paragraph to Latvijas Banka by 11 November 2013. 3. A credit union shall submit the Report for the maintenance periods ending on 8 April, 13 May and 10 June 2014, based on the data of the Monthly Financial Position Report of 31 December 2013. The credit union shall submit the Report referred to in this Paragraph to Latvijas Banka by 10 January 2014. 4. In the Report, a credit union shall report liabilities to a credit institution registered in the Republic of Latvia, a branch, registered in the Republic of Latvia, of a credit institution registered in another country and a credit union registered in the Republic of Latvia as liabilities to MFIs subject to reserve requirements. 5. The Report shall be submitted to Latvijas Banka in electronic form pursuant to the Latvijas Banka regulation stipulating the procedure for electronic exchange of information with Latvijas Banka. 6. The terms used in the Report have the same meaning as defined in the ECB Regulation.
2 7. The regulation shall take effect three months prior to the date when the Council of the European Union, pursuant to Article 140(2) of the Treaty, has abrogated the derogation granted to the Republic of Latvia. Governor of Latvijas Banka I. Rimšēvičs
3 Calculation of the Reserve Base and Reserve Requirement 20 (last day of the reporting month) Name of MFI Appendix to the Latvijas Banka Regulation No. of 2013 VSPARK To be submitted to Latvijas Banka MFI code _ _ _ Code of the item Name of the item 1 2 3 100 Non-MFI deposits 1 110 Non-MFI deposits with an agreed maturity of over 2 years 2 120 Non-MFI deposits redeemable at notice of over 2 years 3 130 Repo transactions with non-mfis 4 200 Debt securities issued 5 210 Debt securities with an original maturity of over 2 years 6 211 incl. liabilities to MFIs subject to reserve requirements, to the ECB and euro area national central banks, of which evidence is provided 220 Other debt securities (200-210) 7 221 incl. liabilities to MFIs subject to reserve requirements, to the ECB and euro area national central banks, of which evidence is provided (should be reported where the MFI does not apply a standardised deduction) 222 standardised deduction (should be reported where the MFI does not use the opportunity to provide evidence of liabilities) 300 Liabilities to MFIs, excluding Latvijas Banka 8 310 Liabilities to MFIs, excluding Latvijas Banka, with an agreed maturity of over 2 years 9 311 incl. liabilities to Latvia's MFIs subject to reserve requirements, with an agreed maturity of over 2 years 312 liabilities to other euro area MFIs subject to reserve requirements, to the ECB and other euro area national central banks, with an agreed maturity of over 2 years 320 Liabilities to MFIs, excluding Latvijas Banka, redeemable at notice of over 2 years 10 321 incl. liabilities to Latvia's MFIs subject to reserve requirements, redeemable at notice of over 2 years 322 liabilities to other euro area MFIs subject to reserve requirements, to the ECB and other euro area national central banks, redeemable at notice of over 2 years (in whole euro) Amount
4 1 2 3 330 Repo transactions with MFIs, excluding Latvijas Banka 11 331 incl. repo transactions with Latvia's MFIs subject to reserve requirements 332 repo transactions with other euro area MFIs subject to reserve requirements, to the ECB and other euro area national central banks, redeemable at notice of over 2 years 340 Other liabilities to MFIs, excluding Latvijas Banka (300 310 320 330) 12 341 incl. other liabilities to Latvia's MFIs subject to reserve requirements 342 other liabilities to other euro area MFIs subject to reserve requirements, to the ECB and other euro area national central banks 400 Reserve base (410+420+430+440+450) 410 Deposits with an agreed maturity of over 2 years (110+310 311 312) 420 Deposits redeemable at notice of over 2 years (120+320 321 322) 430 Debt securities with an original maturity of over 2 years (210 211) 440 Repo transactions (130+330 331 332) 450 Other liabilities included in the reserve base (100 110 120 130+220 221 222+340 341 342) 500 Reserve requirement (510+520+530+540+550 600) 510 Deposits with an agreed maturity of over 2 years (410 reserve ratio for the corresponding category) 520 Deposits redeemable at notice of over 2 years (420 reserve ratio for the corresponding category ) 530 Debt securities with an original maturity of over 2 years (430 reserve ratio for the corresponding category) 540 Repo transactions (440 reserve ratio for the corresponding category) 550 Other liabilities included in the reserve base (450 reserve ratio for the corresponding category) 600 Lump-sum allowance 1 The total of Column 7 of Liabilities Item 3200 in the Monthly Financial Position Report. 2 The total of Columns 05 and 06 of Item 320000 in Explication B2-K5 to the Monthly Financial Position Report. 3 The total of Column 11 of Item 320000 in Explication B2-K5 to the Monthly Financial Position Report. 4 The total of Column 12 of Item 320000 in Explication B2-K5 to the Monthly Financial Position Report. 5 The total of Column 7 of Liabilities Item 3300 in the Monthly Financial Position Report. 6 The total of issued securities, denominated in all currencies, with maturity of over 2 years of Item 3300 in Explication L to the Monthly Financial Position Report. 7 The total of issued securities, denominated in all currencies, with maturity of up to 2 years of Item 3300 in Explication L to the Monthly Financial Position Report. 8 The total of Column 7 of Liabilities Item 3100 in the Monthly Financial Position Report. 9 The total of Columns 05 and 06 of Item 310000 in Explication A2-K5 to the Monthly Financial Position Report. 10 The total of Column 10 of Item 310000 in Explication A2-K5 to the Monthly Financial Position Report.
5 11 The total of Column 11 of Item 310000 in Explication A2-K5 to the Monthly Financial Position Report. 12 The total of Columns 01, 02, 03, 04, 07, 08 and 09 of Item 310000 in Explication A2-K5 to the Monthly Financial Position Report. Prepared by (name, surname, telephone number) Submission date Governor of Latvijas Banka I. Rimšēvičs