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Show/Hide section   FVC - Financial Vehicle Corporation

  Title FVC - Financial Vehicle Corporation Statistics

  Data source National Central Banks (NCBs) and ECB

  Contact email address Statistical Information Request form
  Dataset last update in SDW 2021-11-18 10:00:00
  Catalog Download the series catalogue of the dataset FVC in CSV format, i.e. full list of series and associated metadata: Excel 2013 (zipped) or the earlier Excel versions.
  Institutional mandate The framework for the collection of FVC statistics is laid down in the ECB Regulation concerning statistics on the assets and liabilities of financial vehicle corporations engaged in securitisation transactions (ECB/2013/40). This Regulation is complemented by Guideline ECB/2014/15. They are available for downloading here.

  Legal acts and other agreements Regulation ECB/2013/40 concerning statistics on the assets and liabilities of financial vehicle corporations engaged in securitisation transactions (recast)

Guideline ECB/2014/15 on monetary and financial statistics (recast)

  Data presentation - Summary description FVC statistics refer to the aggregated balance sheet of the financial vehicle corporation (FVC) sector resident in the euro area.

  Data presentation - Detailed description Aggregated results are compiled for the following four vehicle sub-categories:
(i) FVCs engaged in traditional securitisation;
(ii) FVCs engaged in synthetic securitisation;
(iii) FVCs engaged in insurance-linked securitisation; and
(iv) other FVCs.

For more information, see here.

  Statistical population FVCs resident in the territory of a euro area Member State  form the reference reporting population.

NCBs are entitled to exempt FVCs from statistical reporting requirements that would cause unreasonably high costs compared to their statistical benefit, see Annex I of Regulation ECB/2013/40.

  Reference area coverage Euro area

  Sector coverage Financial vehicle corporations belonging to the sub-sector “Other financial intermediaries, except insurance corporations and pension funds", subsector (S.125) in the ESA 2010.

  Time coverage First reporting of quarterly data on the fourth quarter of 2014. Historical data is provided from the fourth quarter of 2009.

  Source data type FVCs submit to the NCBs the data that the NCBs require in accordance with Guideline ECB/2014/15 on monetary, financial institutions and markets statistics. These in turn report national aggregates to the ECB.

  Time period Quarterly

  Time period - collection End of the period

  Frequency of data collection Quarterly

  Statistical concepts and definitions For information about the naming convention (series key dimensions and metadata), refer to the FVC underlying DSD (ECB_FVC1) maintained by the ECB.
  Data compilation Data are aggregated across the FVC sector in each Member State by NCBs to derive national contributions to the euro area aggregated balance sheet of the FVC sector.

No consolidation. Inter-FVC positions are shown on the balance sheet.

All growth rate computations refer to an index of notional stocks, rather than to the stock data directly. This allows to present developments in the series free of the effects that non-transactions would have on the growth rate of stocks. The index of notional stocks is computed as a chain index I(t) = I(t-1)*[1+F(t)/S(t-1)], where F(t) are transactions during the period and S(t-1) are stocks at the end of the previous period. The index is computed in a way similar to that used in monetary financial institutions (MFI) statistics, on which more information is available in the Technical Notes to the Euro area statistics section of the ECB Statistical Bulletin.

  Adjustment Not adjusted

  Data validation Validation is based on the verification of balance sheet constraints, and on checks on the plausibility of developments at various levels of aggregation.

  Data revision - policy The revisions policy and procedures set by the ECB and the relevant NCB must be followed.

  Quality management Quality is ensured by means of a comprehensive legal framework included in the Guideline ECB/2014/15 on monetary and financial statistics (recast).

  Accuracy Minimum standards for accuracy:
(a) the statistical information must be correct: all linear constraints must be fulfilled (e.g. assets and liabilities must balance, subtotals must add up to totals);
(b) reporting agents must be able to provide information on the developments implied by the transmitted data;
(c) the statistical information must be complete and must not contain continuous and structural gaps; existing gaps should be acknowledged, explained to the relevant NCB and, where applicable, bridged as soon as possible;
(d) reporting agents must follow the dimensions, rounding policy and decimals set by the relevant NCB for the technical transmission of the data.

  Timeliness Quarterly data are reported by close of business on the 28th working day following the end of the quarter to which the data relate.

  Release policy Publication on the 23rd working day after the end of the reference quarter

  Release policy - release calendar See the release calendar for financial vehicle corporations statistics in the euro area on the ECB’s website.

  Dissemination format Statistical Data Warehouse (SDW) and ECB website

  Dissemination format - news release Press Release on the ECB website

  Metadata last update 30/OCT/2020 13:42:25

Show/Hide section   Series Level

Show/Hide section  FVC - Financial Vehicle Corporation

Title Complement Euro area (changing composition), Index of Notional Stocks, Total FVCs reporting sector - Liabilities - Debt securities issued, Over 2 years maturity, All currencies combined - World (all entities) counterpart, Unspecified counterpart sector sector, Not applicable, Annual growth rate, data Neither seasonally nor working day adjusted
Series Key FVC.Q.U2.N.F.L40.H.I.A1.0000.ZZ.Z01.A
ECB Last update 2021-11-18 10:00:00.0
Unit Percentage change
Reference area Euro area (changing composition) (U2)
Collection indicator End of period (E)
Decimals One (1)
Publications ECB Press Release:
Frequency Quarterly