guidelin european central bank decemb legal framework account financi report european system central bank ecb ec govern council european central bank regard statut european system central bank european central bank articl articl articl thereof regard contribut gener council european central bank ecb indent articl statut european system central bank escb subject report commit articl statut articl statut execut board ecb draw consolid balanc sheet escb analyt oper purpos articl statut govern council ecb establish rule standardis account financi report oper undertaken nation central bank ncb particip member state applic articl statut transitori rule guidelin ecb decemb legal framework account report european system central bank amend decemb decemb asset liabil close busi decemb revalu januari unrealis gain aros januari separ unrealis valuat gain arisen januari remain ncb market price rate appli ecb ncb open balanc sheet januari averag cost start transit period recommend unrealis gain aris januari consid distribut time transit treat realis distribut context transact occur start transit period foreign exchang gold gain loss price gain loss due transfer asset ncb ecb consid realis regard disclosur relat euro banknot circul remuner net intra eurosystem claim liabil result alloc euro banknot eurosystem monetari incom harmonis publish annual balanc sheet profit loss account note annual account ncb item harmonis asterisk annex iv viii ix due regard preparatori work conduct european monetari institut emi content guidelin ecb significantli amend desir reason clariti recast singl text ecb attach great import enhanc transpar regulatori framework escb absenc oblig treati establish european commun ecb decid line approach publish guidelin accord articl articl statut ecb guidelin form integr part commun law adopt guidelin chapter gener provis articl definit purpos guidelin quot banknot alloc kei quot percentag result take account ecb share total euro banknot issu appli subscrib capit kei ncb share total decis ecb decemb issu euro banknot quot consolid quot account process financi figur separ legal entiti aggreg entiti quot escb account financi report purpos quot purpos ecb produc financi statement list annex accord articl statut quot nation central bank quot ncb ncb particip member state quot particip member state quot member state adopt euro accord treati establish european commun quot particip member state quot member state adopt euro accord treati quot eurosystem quot ncb ecb quot transit period quot period begin januari end decemb quot quarterli revalu date quot date calendar dai quarter definit technic term guidelin includ glossari attach annex ii articl scope applic rule set guidelin appli ecb ncb escb account financi report purpos scope applic guidelin confin account financi report regim escb requir statut lai bind rule ncb nation report financi account order achiev consist compar escb nation regim recommend ncb extent follow rule set guidelin nation report financi account articl basic account assumpt basic account assumpt appli econom realiti transpar account method financi report reflect econom realiti transpar respect qualit characterist understand relev reliabl compar transact account present accord substanc econom realiti legal form prudenc valuat asset liabil incom recognit carri prudent context guidelin impli unrealis gain recognis incom profit loss account transfer directli revalu account prudenc creation hidden reserv deliber misstat item balanc sheet profit loss account post balanc sheet event asset liabil adjust event occur annual balanc sheet date date financi statement approv relev bodi affect condit asset liabil balanc sheet date adjust made asset liabil disclosur made event occur balanc sheet date affect condit asset liabil balanc sheet date import disclosur affect abil user financi statement make proper evalu decis materi deviat account rule includ affect calcul profit loss account individu ncb ecb allow judg immateri context present financi account report institut concern basi account prepar concern basi accrual principl incom expens recognis account period earn incur period receiv paid consist compar criteria balanc sheet valuat incom recognit appli consist term common continu approach escb ensur compar data financi statement articl recognit asset liabil financi asset liabil recognis balanc sheet report entiti probabl futur econom benefit asset liabil item flow report entiti substanti risk reward asset liabil transfer report entiti cost asset report entiti amount oblig measur reliabl articl cash settlement econom approach cash settlement approach basi record data account system eurosystem decemb januari econom approach defin annex iii basi record data foreign exchang transact accrual denomin foreign currenc account system eurosystem secur transact continu record cash settlement approach derog paragraph ncb econom approach januari figur present part daili financi report eurosystem financi report purpos show cash movement balanc sheet item disclos quot asset quot quot liabil quot quarter end year end account adjust chapter ii composit valuat rule balanc sheet articl composit balanc sheet composit balanc sheet ecb ncb escb financi report purpos base structur establish annex iv articl balanc sheet valuat rule current market rate price balanc sheet valuat purpos annex iv revalu gold foreign currenc instrument secur financi instrument balanc sheet balanc sheet perform quarterli revalu date mid market rate price preclud ecb ncb revalu portfolio frequent basi intern purpos provid data transact report quarter distinct made price currenc revalu differ gold singl gold revalu differ account base euro price defin unit weight gold deriv eur usd exchang rate quarterli revalu date revalu place currenc currenc basi foreign exchang includ balanc sheet balanc sheet transact code code basi isin number type secur secur includ item quot financi asset quot treat separ hold revalu book revers end quarter unrealis loss profit loss account end year quarter transact report transact price rate articl repurchas agreement revers transact conduct repurchas agreement record collateralis deposit liabil side balanc sheet item collater remain asset side balanc sheet secur sold repurchas repurchas agreement treat ecb ncb requir repurchas asset question part portfolio sold revers transact conduct revers repurchas agreement record collateralis outward loan asset side balanc sheet amount loan secur acquir revers repurchas agreement revalu profit loss aris thereon profit loss account parti lend fund revers transact involv secur denomin foreign currenc effect averag cost currenc posit case secur lend transact secur remain balanc sheet transferor transact account manner prescrib repurchas oper secur borrow ecb ncb act transfere depot year end transfere establish provis loss market underli secur risen contract date lend transact show liabil retransf secur transfere meantim sold secur collateralis gold transact treat repurchas agreement gold flow relat collateralis transact record financi statement differ spot forward price transact treat accrual basi revers transact includ secur lend transact conduct autom secur lend programm record effect balanc sheet transact collater provid form cash complet matur oper articl market equiti instrument articl appli market equiti instrument equiti share equiti fund transact conduct directli ncb ecb agent except activ conduct pension fund particip interest invest subsidiari signific interest financi fix asset equiti instrument denomin foreign currenc form part currenc posit part separ currenc hold recommend calcul relat foreign exchang gain loss perform net averag cost method altern averag cost method recommend equiti instrument treat line rule revalu equiti portfolio perform accord articl revalu take place item item basi equiti fund price revalu perform net basi individu share share basi net equiti share equiti fund transact record balanc sheet transact price brokerag commiss record transact cost includ cost asset expens profit loss account amount dividend purchas includ cost equiti instrument dividend date payment dividend receiv amount dividend purchas treat separ item accrual dividend book period end reflect market price equiti instrument except equiti quot dividend right issu treat separ asset issu acquisit cost calcul base averag cost equiti strike price proport equiti altern price base market averag cost equiti market price equiti issu treat line eurosystem account rule articl banknot quot banknot circul quot figur balanc sheet ncb result compon unadjust amount euro banknot circul calcul method method bc bp bd method bc bi br bc euro quot banknot circul quot figur bp euro banknot produc receiv printer ncb bd euro banknot destroi bi euro banknot put circul br euro banknot receiv euro banknot stock vault minu amount adjust result applic banknot alloc kei chapter iii incom recognit articl recognit incom rule appli incom recognit realis gain realis loss profit loss account unrealis gain recognis incom transfer directli revalu account unrealis loss profit loss account exceed previou revalu gain regist revalu account unrealis loss profit loss account revers subsequ year unrealis gain net unrealis loss secur currenc gold hold unrealis gain secur currenc gold premium discount aris issu purchas secur calcul present part interest incom amortis remain life secur straight line method intern rate return irr method irr method mandatori discount secur remain matur year time acquisit accrual financi asset liabil interest payabl amortis premium discount calcul record book account quarterli accrual item calcul record book account annual basi ecb ncb calcul accrual frequent detail basi provid data transact report quarter accrual denomin foreign currenc translat mid market rate end quarterli period revers rate gener calcul accrual year local practic appli calcul busi dai calendar dai quarter year end calendar dai quarter decemb mandatori refer date transact entail chang hold currenc give rise realis foreign exchang gain loss articl cost transact gener rule appli cost transact averag cost method daili basi gold foreign currenc instrument secur comput acquisit cost item sold regard effect exchang rate price movement averag cost price rate asset liabil reduc increas unrealis loss profit loss account year end case acquisit coupon secur amount coupon incom purchas treat separ item case secur denomin foreign currenc includ hold currenc includ cost price asset purpos determin averag price special rule appli secur transact record transact price book financi account clean price custodi manag fee current account fee indirect cost consid transact cost includ profit loss account treat part averag cost asset incom record gross refund withhold tax account separ purpos calcul averag purchas cost secur purchas made dai ad cost previou dai hold produc weight averag price appli sale dai ii individu purchas sale secur appli order occur dai purpos calcul revis averag price special rule appli gold foreign exchang transact foreign currenc entail chang hold currenc translat euro exchang rate contract settlement date affect acquisit cost hold transact foreign currenc entail chang hold currenc translat euro exchang rate contract settlement date actual cash receipt payment translat mid market exchang rate dai settlement occur net acquisit currenc gold made dai ad averag cost purchas dai respect currenc gold previou dai hold produc weight averag rate gold price case net sale calcul realis gain loss base averag cost respect currenc gold hold preced dai averag cost remain unchang differ averag rate gold price inflow outflow made dai result realis gain loss liabil situat exist respect foreign currenc gold posit revers treatment appli abovement approach averag cost liabil posit affect net sale net purchas reduc posit exist weight averag rate gold price cost foreign exchang transact gener cost post profit loss account chapter iv account rule balanc sheet instrument articl gener rule foreign exchang forward transact forward leg foreign exchang swap currenc instrument involv exchang currenc futur date includ net foreign currenc posit calcul foreign exchang gain loss interest rate swap futur forward rate agreement interest rate instrument account revalu item item basi instrument treat separ balanc sheet item profit loss aris balanc sheet instrument recognis treat similar manner balanc sheet instrument articl foreign exchang forward transact forward purchas sale recognis balanc sheet account trade date settlement date spot rate forward transact gain loss sale transact calcul averag cost currenc posit contract date work dai accord daili net procedur purchas sale gain loss consid unrealis settlement date treat accord articl differ spot forward rate treat interest payabl receiv accrual basi purchas sale settlement date balanc sheet account revers balanc revalu account credit profit loss account quarter end averag cost currenc posit affect forward purchas trade date work dai depend market convent settlement spot transact spot purchas rate forward posit valu conjunct spot posit currenc offset differ aris singl currenc posit net loss balanc debit profit loss account exce previou revalu gain regist revalu account net profit balanc credit revalu account articl foreign exchang swap spot purchas sale recognis balanc sheet account settlement date forward sale purchas recognis balanc sheet account trade date settlement date spot rate forward transact sale transact recognis spot rate transact gain loss aris differ spot forward rate treat interest payabl receiv accrual basi purchas sale settlement date balanc sheet account revers averag cost foreign currenc posit chang forward posit valu conjunct spot posit articl interest rate futur interest rate futur record trade date balanc sheet account initi margin record separ asset deposit cash deposit form secur remain unchang balanc sheet daili variat margin record balanc sheet separ account asset liabil depend price develop futur contract procedur appli close dai open posit immedi separ account cancel result transact record profit loss deliveri take place deliveri place purchas sale entri made market price fee profit loss account convers euro made close dai market rate dai inflow foreign currenc effect averag cost currenc posit close date ow daili revalu profit loss enter defin separ account separ account asset side repres loss separ account liabil side repres profit unrealis loss debit profit loss account amount credit liabil account liabil unrealis loss profit loss account year end revers subsequ year unrealis profit instrument close termin case profit entri made debit suspens account asset credit revalu account articl interest rate swap interest rate swap record trade date balanc sheet account current interest payment receiv paid record accrual basi net payment interest rate swap allow averag cost currenc posit affect interest rate swap foreign currenc differ payment receiv payment paid payment balanc lead inflow affect averag cost currenc payment due interest rate swap mark market translat euro currenc spot rate unrealis loss profit loss account year end revers subsequ year unrealis profit instrument close termin unrealis revalu gain credit revalu account fee profit loss account articl forward rate agreement forward rate agreement record time trade balanc sheet account compens payment paid parti settlement date enter settlement date profit loss account payment record accrual basi forward rate agreement foreign currenc held effect averag cost currenc posit compens payment compens payment translat euro spot rate settlement date payment balanc lead inflow affect averag cost currenc payment due forward rate agreement mark market translat euro currenc spot rate unrealis loss profit loss account year end revers subsequ year unrealis profit instrument close termin unrealis revalu gain credit revalu account fee profit loss account articl forward transact secur forward transact secur account accord method method forward transact secur record balanc sheet account trade date settlement date forward price forward transact averag cost hold trade secur affect settlement profit loss effect forward sale transact calcul settlement date settlement date balanc sheet account revers balanc revalu account credit profit loss account secur purchas account spot price matur date actual market price differ origin forward price recognis realis profit loss case secur denomin foreign currenc averag cost net currenc posit affect ecb ncb hold posit currenc bond purchas forward denomin currenc ecb ncb hold posit purchas relev currenc rule purchas foreign currenc articl appli forward posit valu isol basi forward market price remain durat transact revalu loss year end debit profit loss account revalu profit credit revalu account unrealis loss recognis profit loss account year end revers subsequ year unrealis profit instrument close termin method forward transact secur record balanc sheet account trade date settlement date forward price forward transact settlement date balanc sheet account revers quarter end revalu secur made basi net posit result balanc sheet sale secur record balanc sheet account amount revalu equal differ net posit valu revalu price posit valu averag cost balanc sheet posit quarter end forward purchas subject revalu process articl revalu result equal differ spot price averag cost purchas commit result forward sale record financi year commit undertaken result equal differ initi forward price averag cost balanc sheet posit averag cost balanc sheet purchas commit balanc sheet posit insuffici time sale chapter report oblig articl report format ncb report data eurosystem financi report purpos ecb accord requir adopt govern council report format eurosystem consist guidelin compris item annex iv content item includ balanc sheet format annex iv format publish financi statement laid annex publish consolid weekli financi statement eurosystem quarter end annex publish consolid weekli financi statement eurosystem quarter annex vi consolid annual balanc sheet eurosystem annex vii chapter vi annual publish balanc sheet profit loss account articl publish balanc sheet profit loss account recommend ncb adapt publish annual balanc sheet profit loss account accord annex viii ix chapter vii consolid rule articl gener consolid rule eurosystem consolid balanc sheet compris item ecb ncb balanc sheet eurosystem consolid balanc sheet produc ecb respect uniform account principl techniqu cotermin financi period eurosystem consolid adjust aris intra eurosystem transact posit account composit eurosystem individu balanc sheet item intra eurosystem balanc ncb ecb aggreg consolid purpos ncb ecb balanc parti record gross consolid process intra eurosystem balanc present balanc sheet ecb ncb annex iv consist report consolid process eurosystem financi statement prepar similar basi appli consolid techniqu process chapter viii final provis articl develop applic interpret rule account monetari incom committe amico advis govern council execut board develop applic implement account report rule escb interpret guidelin account preparatori work account principl harmonis commun law gener accept intern account standard articl repeal guidelin ecb repeal refer repeal guidelin constru refer guidelin articl final provis guidelin enter forc januari prejudic previou paragraph guidelin appli format consolid annual balanc sheet eurosystem decemb recommend format ncb annual balanc sheet decemb proviso nation banknot circul decemb record balanc sheet item banknot circul appli disclosur rule relat euro banknot circul remuner net intra eurosystem claim liabil result alloc euro banknot eurosystem monetari incom guidelin address ncb guidelin publish offici journal european union frankfurt main decemb behalf govern council ecb presid willem duisenberg oj oj annex financi statement eurosystem gt tabl gt annex ii glossari amortis systemat reduct account premium discount asset period time asset resourc control enterpris result past event futur econom benefit expect flow enterpris autom secur lend programm aslp financi oper combin repo revers repo transact specif collater lent gener collater result lend borrow transact incom gener repo rate transact margin receiv oper conduct princip base programm bank offer programm consid final counterparti agenc base programm bank offer programm act agent final counterparti institut secur lend transact effect conduct averag cost continu weight averag method cost purchas ad exist book produc weight averag cost cash settlement approach account approach account event record settlement date clean price transact price exclud rebat accru interest includ transact cost form part price discount differ par secur price price lower par discount secur asset pai coupon interest return achiev capit appreci asset issu bought discount econom approach account approach deal record transact date equiti instrument dividend bear secur corpor share secur evidenc invest equiti fund financi asset asset cash ii contractu receiv cash financi instrument enterpris iii contractu exchang financi instrument enterpris condit potenti favour iv equiti instrument enterpris financi liabil liabil legal oblig deliv cash financi instrument enterpris exchang financi instrument enterpris condit potenti unfavour foreign currenc hold net posit respect currenc purpos definit special draw right sdr consid separ currenc foreign exchang forward contract outright purchas sale amount denomin foreign currenc currenc domest currenc agre dai amount deliv futur date work dai date contract price forward rate exchang consist prevail spot rate minu agre premium discount foreign exchang swap simultan spot purchas sale currenc short leg forward sale purchas amount currenc currenc long leg forward rate agreement contract parti agre interest rate paid notion deposit matur specif futur date settlement date compens paid parti depend differ contract interest rate market rate settlement date forward transact secur counter contract purchas sale interest rate instrument bond note agre contract date deliv futur date price interest rate futur exchang trade forward contract contract purchas sale interest rate instrument bond agre contract date deliv futur date price actual deliveri take place contract close agre matur intern rate return discount rate account secur equal present futur cash flow cross currenc interest rate swap contractu agreement exchang cash flow repres stream period interest payment counterparti currenc currenc interlink technic infrastructur design featur procedur put place constitut adapt nation rtg system ecb payment mechan epm purpos process cross border payment target system intern secur identif number isin number issu relev compet issu author liabil present oblig enterpris aris past event settlement expect result outflow enterpris resourc embodi econom benefit market price price quot gold foreign exchang secur instrument exclud accru rebat interest organis market stock exchang organis market counter market matur date date nomin princip due payabl full holder mid market price mid point bid price offer price secur base quotat transact normal market size recognis market maker recognis trade exchang quarterli revalu procedur mid market rate ecb daili concert rate quarterli revalu procedur premium differ par secur price price higher par provis amount set arriv profit loss figur order provid expect liabil risk cost accur determin reserv provis futur liabil charg adjust asset realis gain loss gain loss aris differ sale price balanc sheet item adjust cost reserv amount set distribut profit intend meet specif liabil conting expect diminut asset exist balanc sheet date revalu account balanc sheet account registr differ asset liabil adjust cost acquisit valuat end period market price higher case asset lower case liabil includ differ price quotat market exchang rate revers sale repurchas agreement revers repo contract holder cash agre purchas asset simultan agre sell asset agre price demand state time event conting repo transact agre parti triparti repo revers transact oper central bank bui revers repo sell repo asset repurchas agreement conduct credit oper collater settlement act discharg oblig respect fund asset transfer parti context intra eurosystem transact settlement refer elimin net balanc aris intra eurosystem transact requir transfer asset settlement date date final irrevoc transfer record book relev settlement institut time settlement real time dai end dai agre date date commit enter straight line depreci amortis depreci amortis period determin divid cost asset estim residu estim life asset pro rata tempori target tran european autom real time gross settlement express transfer system compos real time gross settlement system rtg system ncb epm interlink transact cost cost identifi relat specif transact transact price price agre parti contract made unrealis gain loss gain loss aris revalu asset compar adjust cost acquisit annex iii descript econom approach trade date account foreign exchang transact ii purchas sale secur regular approach transact record balanc sheet account trade date settlement date balanc sheet book entri revers transact book balanc sheet account foreign currenc posit secur posit affect trade date realis gain loss aris net sale calcul book trade date net purchas foreign currenc affect currenc hold averag cost purchas secur affect averag price secur trade date daili book accru interest includ premium discount interest premium discount accru relat financi instrument denomin foreign currenc calcul book daili basi independ real cash flow mean foreign currenc posit affect accru interest book oppos interest receiv paid trade date account techniqu defin implement trade date account quot regular approach quot quot altern approach quot quot altern approach quot includ featur contrari quot regular approach quot daili balanc sheet book agre transact settl date recognit realis incom calcul averag cost case foreign exchang purchas averag price case secur purchas conduct settlement date transact agre year matur subsequ year incom recognit treat quot regular approach quot mean realis effect sale impact profit loss account year transact agre purchas chang averag rate price hold year transact agre balanc sheet entri tabl show main characterist techniqu develop individu foreign exchang instrument secur gt tabl gt daili book accru interest premium discount gt tabl gt approach recognit accrual identifi approach quot calendar dai approach quot accrual record calendar dai independ dai weekend dai bank holidai busi dai approach quot busi dai approach quot accrual book busi dai prefer choic approach dai year busi dai includ calcul accrual approach case foreign exchang forward transact currenc hold affect spot date trade date dai annex iv composit valuat rule balanc sheet asset gt tabl gt liabil gt tabl gt annex consolid weekli financi statement eurosystem format public quarter end total total add due round gt tabl gt gt tabl gt annex vi consolid weekli financi statement eurosystem format public quarter total total add due round gt tabl gt gt tabl gt annex vii consolid annual balanc sheet eurosystem total total add due round gt tabl gt gt tabl gt annex viii annual balanc sheet central bank gt tabl gt gt tabl gt annex ix publish profit loss account central bank profit loss account ecb take slightli format annex iv decis ecb decemb page offici journal gt tabl gt