{
  "url": "https://openlegislation.uk/eu-decision-2017-36/annex",
  "json_url": "https://openlegislation.uk/eu-decision-2017-36/annex.json",
  "legislation": "eudn/2017/36",
  "legislation_title": "Decision (EU) 2017/2239 of the European Central Bank of 16 November 2017 amending Decision (EU) 2016/2247 on the annual accounts of the European Central Bank (ECB/2017/36)",
  "legislation_url": "https://openlegislation.uk/eu-decision-2017-36",
  "path": "annex",
  "kind": "annex",
  "number": null,
  "heading": null,
  "text": "Annex I to Decision (EU) 2016/2247 (ECB/2016/35) is replaced by the following:\n‘ANNEX I\nCOMPOSITION AND VALUATION RULES FOR THE BALANCE SHEET\nASSETS\nGuideline (EU) 2015/510 of the European Central Bank of 19 December 2014 on the implementation of the Eurosystem monetary policy framework (ECB/2014/60) (OJ L 91, 2.4.2015, p. 3).\nDecision ECB/2010/29 of the European Central Bank of 13 December 2010 on the issue of euro banknotes (OJ L 35, 9.2.2011, p. 26).\nBalance sheet item\nCategorisation of contents of balance sheet items\nValuation principle\n1\nGold and gold receivables\nPhysical gold, i.e. bars, coins, plates, nuggets, in storage or “under way”. Non-physical gold, such as balances in gold sight accounts (unallocated accounts), term deposits and claims to receive gold arising from the following transactions: (a) upgrading or downgrading transactions; and (b) gold location or purity swaps where there is a difference of more than one business day between release and receipt\nMarket value\n2\nClaims on non-euro-area residents denominated in foreign currency\nClaims on counterparties resident outside the euro area including international and supranational institutions and central banks outside the euro area denominated in foreign currency\n2.1\nReceivables from the International Monetary Fund (IMF)\n(a)\nDrawing rights within the reserve tranche (net)\nNational quota minus balances in euro at the disposal of the IMF. The No 2 account of the IMF (euro account for administrative expenses) may be included in this item or under the item “Liabilities to non-euro-area residents denominated in euro”\n(a)\nDrawing rights within the reserve tranche (net)\nNominal value, translated at the foreign exchange market rate\n(b)\nSpecial drawing rights (SDRs)\nHoldings of SDRs (gross)\n(b)\nSDRs\nNominal value, translated at the foreign exchange market rate\n(c)\nOther claims\nGeneral arrangements to borrow, loans under special borrowing arrangements, deposits made to trusts under the management of the IMF\n(c)\nOther claims\nNominal value, translated at the foreign exchange market rate\n2.2\nBalances with banks and security investments, external loans and other external assets\n(a)\nBalances with banks outside the euro area other than those under asset item 11.3 “Other financial assets”\nCurrent accounts, fixed-term deposits, day-to-day money, reverse repo transactions\n(a)\nBalances with banks outside the euro area\nNominal value, translated at the foreign exchange market rate\n(b)\nSecurity investments outside the euro area other than those under asset item 11.3 “Other financial assets”\nNotes and bonds, bills, zero bonds, money market paper, equity instruments held as part of the foreign reserves, all issued by non-euro-area residents\n(b)\n(i) Marketable debt securities other than held-to-maturity\nMarket price and foreign exchange market rate\nAny premiums or discounts are amortised\n(ii) Marketable debt securities classified as held-to-maturity\nCost subject to impairment and foreign exchange market rate\nAny premiums or discounts are amortised\n(iii) Non-marketable debt securities\nCost subject to impairment and foreign exchange market rate\nAny premiums or discounts are amortised\n(iv) Marketable equity instruments\nMarket price and foreign exchange market rate\n(c)\nExternal loans (deposits) to non-euro-area residents other than those under asset item 11.3 “Other financial assets”\n(c)\nExternal loans\nDeposits at nominal value, translated at the foreign exchange market rate\n(d)\nOther external assets\nNon-euro-area banknotes and coins\n(d)\nOther external assets\nNominal value, translated at the foreign exchange market rate\n3\nClaims on euro area residents denominated in foreign currency\n(a)\nSecurity investments inside the euro area other than those under asset item 11.3 “Other financial assets”\nNotes and bonds, bills, zero bonds, money market paper, equity instruments held as part of the foreign reserves, all issued by euro area residents\n(a)\n(i) Marketable debt securities other than held-to-maturity\nMarket price and foreign exchange market rate\nAny premiums or discounts are amortised\n(ii) Marketable debt securities classified as held-to-maturity\nCost subject to impairment and foreign exchange market rate\nAny premiums or discounts are amortised\n(iii) Non-marketable debt securities\nCost subject to impairment and foreign exchange market rate\nAny premiums or discounts are amortised\n(iv) Marketable equity instruments\nMarket price and foreign exchange market rate\n(b)\nOther claims on euro area residents other than those under asset item 11.3 “Other financial assets”\nLoans, deposits, reverse repo transactions, sundry lending\n(b)\nOther claims\nDeposits and other lending at nominal value, translated at the foreign exchange market rate\n4\nClaims on non-euro-area residents denominated in euro\n4.1\nBalances with banks, security investments and loans\n(a)\nBalances with banks outside the euro area other than those under asset item 11.3 “Other financial assets”\nCurrent accounts, fixed-term deposits, day-to-day money, reverse repo transactions in connection with the management of securities denominated in euro\n(a)\nBalances with banks outside the euro area\nNominal value\n(b)\nSecurity investments outside the euro area other than those under asset item 11.3 “Other financial assets”\nEquity instruments, notes and bonds, bills, zero bonds, money market paper, all issued by non-euro-area residents\n(b)\n(i) Marketable debt securities other than held-to-maturity\nMarket price\nAny premiums or discounts are amortised\n(ii) Marketable debt securities classified as held-to-maturity\nCost subject to impairment\nAny premiums or discounts are amortised\n(iii) Non-marketable debt securities\nCost subject to impairment\nAny premiums or discounts are amortised\n(iv) Marketable equity instruments\nMarket price\n(c)\nLoans to non-euro-area residents other than those under asset item 11.3 “Other financial assets”\n(c)\nLoans outside the euro area\nDeposits at nominal value\n(d)\nSecurities issued by entities outside the euro area other than those under asset item 11.3 “Other financial assets” and asset item 7.1 “Securities held for monetary policy purposes”\nSecurities issued by supranational or international organisations, e.g. the European Investment Bank, irrespective of their geographical location, and not purchased for monetary policy purposes\n(d)\n(i) Marketable debt securities other than held-to-maturity\nMarket price\nAny premiums or discounts are amortised\n(ii) Marketable debt securities classified as held-to-maturity\nCost subject to impairment\nAny premiums or discounts are amortised\n(iii) Non-marketable debt securities\nCost subject to impairment\nAny premiums or discounts are amortised\n4.2\nClaims arising from the credit facility under the Exchange Rate Mechanism (ERM) II\nLending in accordance with the ERM II conditions\nNominal value\n5\nLending to euro area credit institutions related to monetary policy operations denominated in euro\nItems 5.1 to 5.5: transactions in accordance with the respective monetary policy instruments described in Guideline (EU) 2015/510 of the European Central Bank (ECB/2014/60)\n5.1\nMain refinancing operations\nRegular liquidity-providing reverse transactions with a weekly frequency and normally a maturity of one week\nNominal value or repo cost\n5.2\nLonger-term refinancing operations\nRegular liquidity-providing reverse transactions normally with a monthly frequency, with a maturity longer than that of the main refinancing operations\nNominal value or repo cost\n5.3\nFine-tuning reverse operations\nReverse transactions, executed as ad hoc transactions for fine-tuning purposes\nNominal value or repo cost\n5.4\nStructural reverse operations\nReverse transactions adjusting the structural position of the Eurosystem vis-à-vis the financial sector\nNominal value or repo cost\n5.5\nMarginal lending facility\nOvernight liquidity facility at a pre-specified interest rate against eligible assets (standing facility)\nNominal value or repo cost\n5.6\nCredits related to margin calls\nAdditional credit to credit institutions, arising from value increases of underlying assets regarding other credit to these credit institutions\nNominal value or cost\n6\nOther claims on euro area credit institutions denominated in euro\nCurrent accounts, fixed-term deposits, day-to-day money, reverse repo transactions in connection with the management of security portfolios under the asset item 7 “Securities of euro area residents denominated in euro”, including transactions resulting from the transformation of former foreign currency reserves of the euro area, and other claims. Correspondent accounts with non-domestic euro area credit institutions. Other claims and operations unrelated to monetary policy operations of the Eurosystem\nNominal value or cost\n7\nSecurities of euro area residents denominated in euro\n7.1\nSecurities held for monetary policy purposes\nSecurities held for monetary policy purposes (including securities purchased for monetary policy purposes issued by supranational or international organisations, or multilateral development banks, irrespective of their geographical location). European Central Bank (ECB) debt certificates purchased for fine-tuning purposes\n(a) Marketable debt securities\nAccounted for depending on monetary policy considerations:\n(i) Market price\nAny premiums or discounts are amortised\n(ii) Cost subject to impairment (cost when the impairment is covered by a provision under liability item 13(b) “Provisions”)\nAny premiums or discounts are amortised\n(b) Non-marketable debt securities\nCost subject to impairment\nAny premiums or discounts are amortised\n7.2\nOther securities\nSecurities other than those under asset item 7.1 “Securities held for monetary policy purposes” and under asset item 11.3 “Other financial assets”: notes and bonds, bills, zero bonds, money market paper held outright, including government securities stemming from before Economic and Monetary Union (EMU), denominated in euro. Equity instruments\n(a) Marketable debt securities other than held-to-maturity\nMarket price\nAny premiums or discounts are amortised\n(b) Marketable debt securities classified as held-to-maturity\nCost subject to impairment\nAny premiums or discounts are amortised\n(c) Non-marketable debt securities\nCost subject to impairment\nAny premiums or discounts are amortised\n(d) Marketable equity instruments\nMarket price\n8\nGeneral government debt denominated in euro\nClaims on government stemming from before EMU (non-marketable securities, loans)\nDeposits/loans at nominal value, non-marketable securities at cost\n9\nIntra-Eurosystem claims\n9.1\nClaims related to the issuance of ECB debt certificates\nIntra-Eurosystem claims vis-à-vis national central banks (NCBs), arising from the issuance of ECB debt certificates\nCost\n9.2\nClaims related to the allocation of euro banknotes within the Eurosystem\nClaims related to the ECB's banknote issue, in accordance with Decision ECB/2010/29\nNominal value\n9.3\nOther claims within the Eurosystem (net)\nNet position of the following sub-items:\n(a)\nnet claims arising from balances of TARGET2 accounts and correspondent accounts of NCBs, i.e. the net figure of claims and liabilities. See also liability item 10.2 “Other liabilities within the Eurosystem (net)”\n(a)\nNominal value\n(b)\nother intra-Eurosystem claims denominated in euro that may arise, including the interim distribution of ECB income to NCBs\n(b)\nNominal value\n10\nItems in course of settlement\nSettlement account balances (claims), including the float of cheques in collection\nNominal value\n11\nOther assets\n11.1\nCoins of euro area\nEuro coins\nNominal value\n11.2\nTangible and intangible fixed assets\nLand and buildings, furniture and equipment including computer equipment, software\nCost less depreciation\nDepreciation is the systematic allocation of the depreciable amount of an asset over its useful life. The useful life is the period over which a fixed asset is expected to be available for use by the entity. Useful lives of individual material fixed assets may be reviewed on a systematic basis, if expectations differ from previous estimates. Major assets may comprise components with different useful lives. The lives of such components should be assessed individually\nThe cost of intangible assets includes the price for the acquisition of the intangible asset. Other direct or indirect costs are to be expensed\nCapitalisation of expenditure: limit based (below EUR 10 000 excluding VAT: no capitalisation)\n11.3\nOther financial assets\nParticipating interests and investments in subsidiaries, equities held for strategic/policy reasons\nSecurities including equities, and other financial instruments and balances including fixed-term deposits and current accounts held as an earmarked portfolio\nReverse repo transactions with credit institutions in connection with the management of securities portfolios under this item\n(a) Marketable equity instruments\nMarket price\n(b) Participating interests and illiquid equity shares, and any other equity instruments held as permanent investments\nCost subject to impairment\n(c) Investment in subsidiaries or significant interests\nNet asset value\n(d) Marketable debt securities other than held to maturity\nMarket price\nPremiums/discounts are amortised\n(e) Marketable debt securities classified as held-to-maturity or held as a permanent investment\nCost subject to impairment\nAny premiums or discounts are amortised\n(f) Non-marketable debt securities\nCost subject to impairment\n(g) Balances with banks and loans\nNominal value, translated at the foreign exchange market rate if the balances/deposits are denominated in foreign currencies\n11.4\nOff-balance-sheet instruments revaluation differences\nValuation results of foreign exchange forwards, foreign exchange swaps, interest rate swaps (unless daily variation margin applies), forward rate agreements, forward transactions in securities, foreign exchange spot transactions from trade date to settlement date\nNet position between forward and spot, at the foreign exchange market rate\n11.5\nAccruals and prepaid expenditure\nIncome not due in, but assignable to the reported period. Prepaid expenditure and accrued interest paid, i.e. accrued interest purchased with a security\nNominal value, foreign exchange translated at market rate\n11.6\nSundry\n(a) Advances, loans and other minor items. Loans on a trust basis\n(b) Investments related to customer gold deposits\n(c) Net pension assets\n(d) Outstanding claims arising from the default of Eurosystem counterparties in the context of Eurosystem credit operations\n(e) Assets or claims (vis-à-vis third parties) appropriated and/or acquired in the context of the realisation of collateral submitted by Eurosystem counterparties in default\n(a) Nominal value or cost\n(b) Market value\n(c) As per Article 25(2)\n(d) Nominal/recoverable value (before/after settlement of losses)\n(e) Cost (converted at the foreign exchange market rate at the time of the acquisition if financial assets are denominated in foreign currencies)\n12\nLoss for the year\nNominal value\nLIABILITIES\nBalance sheet item\nCategorisation of contents of balance sheet items\nValuation principle\n1\nBanknotes in circulation\nEuro banknotes issued by the ECB, in accordance with Decision ECB/2010/29\nNominal value\n2\nLiabilities to euro area credit institutions related to monetary policy operations denominated in euro\nItems 2.1, 2.2, 2.3 and 2.5: deposits in euro as described in Guideline (EU) 2015/510 (ECB/2014/60)\n2.1\nCurrent accounts (covering the minimum reserve system)\nEuro accounts of credit institutions that are included in the list of financial institutions subject to minimum reserves in accordance with the Statute of the European System of Central Banks and of the European Central Bank (the “Statute of the ESCB”). This item contains primarily accounts used in order to hold minimum reserves\nNominal value\n2.2\nDeposit facility\nOvernight deposits at a pre-specified interest rate (standing facility)\nNominal value\n2.3\nFixed-term deposits\nCollection for liquidity absorption purposes owing to fine-tuning operations\nNominal value\n2.4\nFine-tuning reverse operations\nMonetary policy-related transactions with the aim of liquidity absorption\nNominal value or repo cost\n2.5\nDeposits related to margin calls\nDeposits of credit institutions, arising from value decreases of underlying assets regarding credits to these credit institutions\nNominal value\n3\nOther liabilities to euro area credit institutions denominated in euro\nRepo transactions in connection with simultaneous reverse repo transactions for the management of securities portfolios under asset item 7 “Securities of euro area residents denominated in euro”. Other operations unrelated to Eurosystem monetary policy operations. No current accounts of credit institutions\nNominal value or repo cost\n4\nECB debt certificates issued\nDebt certificates as described in Guideline (EU) 2015/510 (ECB/2014/60). Discount paper, issued with the aim of liquidity absorption\nCost\nAny discounts are amortised\n5\nLiabilities to other euro area residents denominated in euro\n5.1\nGeneral government\nCurrent accounts, fixed-term deposits, deposits repayable on demand\nNominal value\n5.2\nOther liabilities\nCurrent accounts of staff, companies and clients including financial institutions listed as exempt from the obligation to hold minimum reserves (see liability item 2.1); fixed-term deposits, deposits repayable on demand\nNominal value\n6\nLiabilities to non-euro-area residents denominated in euro\nCurrent accounts, fixed-term deposits, deposits repayable on demand including accounts held for payment purposes and accounts held for reserve management purposes: of other banks, central banks, international/supranational institutions including the European Commission; current accounts of other depositors. Repo transactions in connection with simultaneous reverse repo transactions for the management of securities denominated in euro. Balances of TARGET2 accounts of central banks of Member States whose currency is not the euro\nNominal value or repo cost\n7\nLiabilities to euro area residents denominated in foreign currency\nCurrent accounts. Liabilities under repo transactions; usually investment transactions using foreign currency assets or gold\nNominal value, translated at year-end foreign exchange market rate\n8\nLiabilities to non-euro-area residents denominated in foreign currency\n8.1\nDeposits, balances and other liabilities\nCurrent accounts. Liabilities under repo transactions; usually investment transactions using foreign currency assets or gold\nNominal value, translated at the year-end foreign exchange market rate\n8.2\nLiabilities arising from the credit facility under ERM II\nBorrowing in accordance with the ERM II conditions\nNominal value, translated at the year-end foreign exchange market rate\n9\nCounterpart of special drawing rights allocated by the IMF\nSDR-denominated item which shows the amount of SDRs that were originally allocated to the respective country/NCB\nNominal value, translated at the year-end foreign exchange market rate\n10\nIntra-Eurosystem liabilities\n10.1\nLiabilities equivalent to the transfer of foreign reserves\nECB balance sheet item, denominated in euro\nNominal value\n10.2\nOther liabilities within the Eurosystem (net)\nNet position of the following sub-items:\n(a)\nnet liabilities arising from balances of TARGET2 accounts and correspondent accounts of NCBs, i.e. the net figure of claims and liabilities. See also asset item 9.3 “Other claims within the Eurosystem (net)”\n(a)\nNominal value\n(b)\nother intra-Eurosystem liabilities denominated in euro that may arise, including the interim distribution of ECB income to NCBs\n(b)\nNominal value\n11\nItems in course of settlement\nSettlement account balances (liabilities), including the float of giro transfers\nNominal value\n12\nOther liabilities\n12.1\nOff-balance-sheet instruments revaluation differences\nValuation results of foreign exchange forwards, foreign exchange swaps, interest rate swaps (unless daily variation margin applies), forward rate agreements, forward transactions in securities, foreign exchange spot transactions from trade date to settlement date\nNet position between forward and spot, at the foreign exchange market rate\n12.2\nAccruals and income collected in advance\nExpenditure falling due in a future period but relating to the reporting period. Income received in the reported period but relating to a future period\nNominal value, foreign exchange translated at market rate\n12.3\nSundry\n(a)\nTaxation suspense accounts. Foreign currency credit or guarantee cover accounts. Repo transactions with credit institutions in connection with simultaneous reverse repo transactions for the management of securities portfolios under asset item 11.3 “Other financial assets”. Compulsory deposits other than reserve deposits. Other minor items. Liabilities on a trust basis.\n(a)\nNominal value or (repo) cost\n(b)\nCustomer gold deposits.\n(b)\nMarket value\n(c)\nNet pension liabilities\n(c)\nAs per Article 25(2)\n13\nProvisions\n(a)\nFor foreign exchange rate, interest rate, credit and gold price risks, and for other purposes, e.g. expected future expenses and contributions in accordance with Article 48.2 of the Statute of the ESCB with respect to central banks of Member States whose derogations have been abrogated\n(a)\nCost/nominal value\n(b)\nFor counterparty or credit risks arising from monetary policy operations\n(b)\nNominal value (based on a valuation at year end by the Governing Council)\n14\nRevaluation accounts\n(a)\nRevaluation accounts related to price movements for gold, for every type of euro-denominated securities, for every type of foreign currency-denominated securities, for options; market valuation differences related to interest rate risk derivatives; revaluation accounts related to foreign exchange rate movements for every currency net position held, including foreign exchange swaps/forwards and SDRs\nSpecial revaluation accounts stemming from contributions in accordance with Article 48.2 of the Statute of the ESCB with respect to central banks of Member States whose derogations have been abrogated. See Article 14(2)\n(a)\nRevaluation difference between average cost and market value, foreign exchange translated at market rate\n(b)\nRemeasurement results of the net defined benefit liability (asset) in respect of post-employment benefits, which are the net position of the following sub-items:\n(i) Actuarial gains and losses in the present value of the defined benefit obligation\n(ii) Return on plan assets, excluding amounts included in net interest on the net defined benefit liability (asset)\n(iii) Any change in the effect of the asset ceiling, excluding amounts included in net interest on the net defined benefit liability (asset)\n(b)\nAs per Article 25(2)\n15\nCapital and reserves\n15.1\nCapital\nPaid-up capital\nNominal value\n15.2\nReserves\nLegal reserves, in accordance with Article 33 of the Statute of the ESCB, and contributions in accordance with Article 48.2 of the Statute of the ESCB with respect to central banks of Member States whose derogations have been abrogated\nNominal value\n16\nProfit for the year\nNominal value\n’",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Guideline (EU) 2015/510 of the European Central Bank of 19 December 2014 on the implementation of the Eurosystem monetary policy framework (ECB/2014/60) (OJ L 91, 2.4.2015, p. 3)."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "Decision ECB/2010/29 of the European Central Bank of 13 December 2010 on the issue of euro banknotes (OJ L 35, 9.2.2011, p. 26)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudn/2017/36/annex",
    "retrieved_at": "2026-11-01T15:13:38.711853+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."
}