{
  "url": "https://openlegislation.uk/eu-decision-2016-10/annex-II/division-4/division-c/division-i/division-3",
  "json_url": "https://openlegislation.uk/eu-decision-2016-10/annex-II/division-4/division-c/division-i/division-3.json",
  "legislation": "eudn/2016/10",
  "legislation_title": "Decision (EU) 2016/810 of the European Central Bank of 28 April 2016 on a second series of targeted longer-term refinancing operations (ECB/2016/10)",
  "legislation_url": "https://openlegislation.uk/eu-decision-2016-10",
  "path": "annex/II/division/4/division/c/division/i/division/3",
  "kind": "division",
  "number": "—",
  "heading": "Net flows of loans that are securitised or otherwise transferred without any impact on loan stocks (3.1C)",
  "text": "This item comprises the net amount of loans that are securitised or otherwise transferred during the reporting period without any impact on the reported loan stocks, and is calculated as acquisitions minus disposals. The transfers should be recorded at the nominal amount net of write-offs and write-downs at the time of the sale. These write-offs and write-downs should be reported, where identifiable, under item 3.2B. In the case of MFIs that report loans net of provisions, the transfers should be recorded at the balance sheet value (i.e. the nominal amount net of outstanding provisions). Net flows relating to the provision of loans as collateral to the Eurosystem for monetary policy credit operations in the form of credit claims which result in a transfer without derecognition from the balance sheet are excluded from this item.\nThe requirements of Part 5 of Annex I to Regulation (EU) No 1071/2013 (ECB/2013/33) partly cover these elements. Blocks 2.1 of Table 5a on monthly data and Table 5b on quarterly data cover data on net flows of loans that are securitised or otherwise transferred without any impact on loan stocks, but loans to households for house purchase are not separately identified and should thus be extracted from the MFIs' internal databases separately. In addition, as specified above, the requirements exclude:\n(1) loans disposed of to, or acquired from, another domestic MFI, including intra-group transfers owing to corporate business restructuring (e.g. when a domestic MFI subsidiary transfers a pool of loans to the parent MFI);\n(2) loan transfers in the context of intra-group reorganisations owing to mergers, acquisitions and divisions.\nFor the purposes of compiling the data reports, all of these effects must be reported.\nFor additional details on the items to be included, see Part 5 of Annex I to Regulation (EU) No 1071/2013 (ECB/2013/33) and Section 2.3 of the Manual on MFI balance sheet statistics.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudn/2016/10/annex/II/division/4/division/c/division/i/division/3",
    "retrieved_at": "2026-11-01T15:14:06.320817+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}