PRINCIPLES FOR PRODUCING AND SUBMITTING REPORTS

Transcription

1 December 2014 REPORTS OF LEASING COMPANIES PRINCIPLES FOR PRODUCING AND SUBMITTING REPORTS 1. Report preparation (1) Reports are in euros, rounded to two decimal places. (2) Interest rates are recognised on an annual basis in reports in the format interest rate over one hundred (i/100), rounded to four decimal places. (3) Amounts recorded in foreign currencies must be converted into euros at the exchange rate of the European Central Bank as at the last banking day of the reporting period. 2. Report submission (1) The reports are submitted in accordance with the Eesti Pank Governor s Decree No. 9 Requirements for submission of reports formatted as XML documents of 9 December (2) If errors are found, the new, amended reports are submitted electronically. (3) If there is no data on the report, an empty report will be submitted. 3. Use of classifications and international standards (1) In reports, the currency code is identified using the currency codes table of the ISO 4217 international standard and the codes are indicated in capital letters. (2) In reports, the country code of the customer and the resource provider is given with the 2-letter codes of the table of countries and territories of the ISO 3166 international standard and indicated in capital letters. (3) In reports, sectors of the economy are identified in accordance with the Estonian Classification of Economic Activities (EMTAK). 1

2 Leasing and Loans Turnover Report Area of report New leasing sales and debit turnover of loans and the cost of the object of leasing during the reporting period. Report submission New sales, cost of the object of leasing and number of vehicles with coinciding identifiers are indicated on a single row. The code of the leasing and loans turnover report is 443. Reporting period and submission dates for reports The reporting period is one month. The report is submitted for the reporting period. The report is submitted by the 12th calendar day after the end of the reporting month. If the 12th calendar day of the month is a non-working day, reports will be submitted on the first subsequent working day. Reporting row structure 1) lease contract type 2) leasing object 3) reporting currency 4) country code 5) customer 6) maturity 7) sector of the economy 8) county/town code 9) new sales 10) cost of the object of leasing 11) annual interest rate 12) interest type 13) real estate project finance 14) vehicle type 15) number of vehicles 1) Lease contract type identifiers financial lease 1 operational lease 2 2

3 service lease 8 hire purchase 3 retail factoring 4 payable financing 7 loan 5 other receivable 6 2) Leasing object identifiers The leasing object identifier is recognised according to the object of leasing. IT equipment 1 (computers, servers, software, UPS, back-up devices, printers, etc.) office equipment 32 (copiers, telephones, faxes, etc.) local equipment and systems 33 (telephone exchanges, card payment terminals, cash register systems, audio-video equipment, radio communications equipment, satellite communications equipment, cinema equipment, multimedia systems and teleconference equipment, alarm and surveillance systems) office buildings 2 industrial buildings 3 commercial buildings 4 hotels and sport facilities 5 dwellings 6 apartments 7 blocks of flats 30 land 8 special-purpose cars < 3.5 t 9 (mail cars, vehicles for driving practice, police cars, invalid carriages, rally cars, maintenance vehicles, taxis, etc.) motor cars 10 (standard passenger cars, including station wagons) other small vehicles 11 (snowmobiles, ATVs, mopeds, motorcycles, etc.) vans < 3.5 t 12 (including vans) trucks 13 3

4 trailers 14 (trailers, caravans, etc.) minibuses 15 coaches 16 buses 17 special-purpose commercial vehicles > 3.5 t 18 (fire engines, excrement suction trucks, snow-clearing machines, etc.) ships 19 aircraft 20 railway rolling stock (locomotives and wagons) 21 industrial equipment 22 goods handling equipment (forklift trucks, harbour lifts, loading lifts, etc.) 23 agricultural equipment 24 (tractors, combine harvesters, drier equipment, fertilizer drills, cultivators, ploughs, mowers, hay presses, potato harvesters, etc.) forestry equipment 26 medical equipment 27 building equipment 31 (cranes, construction lifts, steamrollers, excavators, traxcavators, etc.) other machinery and industrial equipment 28 (refrigerating engineering, wind mills and alternative energy sources, distribution networks (substations, etc.), ventilation and air conditioning systems, central heating systems, gym equipment, elevators, escalators, optical equipment, photo equipment, etc.) other 29 3) Reporting currency The currency in which the contractual total has been denominated in the lease contract is reported here. If the contract allows for a change of the repayment amount in accordance with fluctuations in the currency exchange rate, the currency used for the modification of the repayment amount will be reported. So if the contract currency is the euro and the repayment of the loan has been tied to the exchange rate at the moment of repayment between the euro and another specific currency such as CHF, 4

5 the currency to which the euro is tied will be reported as the reporting currency, here CHF. 4) Country code The country code is based on the customer s residency. If it is impossible to identify the customer s residency, the code is XX. 5) Customer identifiers Central government 1 Local government 2 State social security fund 13 Central bank 12 Credit institution 6 Other deposit-taking corporation 15 Money market fund 16 Insurance corporation 17 Pension fund 18 Other investment fund 19 Other financial institution 20 Non-financial corporation of the state or local government 7 Other non-financial corporation 8 Household 10 Non-profit institutions serving households 9 6) Maturity identifiers up to 3 months months months years years years years 9 over 10 years 10 The maturity identifier is defined from contractual maturity. If the contract is renegotiated in a way that involves a cash flow, the maturity is the period from the beginning of the original contract to the end of the renegotiated contract. 5

6 7) Identifiers of sectors of the economy The receivable is classified according to the customer s principal activity. Agriculture, forestry, fishing A Mining and quarrying B Processing industry C Electricity, gas, steam and air conditioning supply D Water supply; sewerage, waste management and remediation activities E Construction F Wholesale and retail trade, repair of motor vehicles and motorcycles G Transportation and storage H Accommodation and food service activities I Information and communication activities J Financial and insurance activities K Real estate activities L Professional, scientific and technical activities M Administrative and support service activities N Public administration and defence; compulsory social security O Education P Human health and social work activities Q Arts, entertainment and recreation activities R Other service activities S Activities of households as employers; undifferentiated goods- and services-producing activities of private households for own use T Activities of extraterritorial organisations and bodies U Unspecified X If the lessee is a household, the identifier of the sector of the economy is X (unspecified). For sole proprietors, the identifier is recognised for the principal area of activity of the sole proprietor. 8) County/town code County or town code is recognised according to the place of registration or residence of the customer: Tallinn 1 Kohtla-Järve 13 Narva 15 6

7 Pärnu 18 Sillamäe 21 Tartu 24 Valga County 33 Viljandi County 35 Võru County 38 Jõgeva County 41 Saare County 45 Ida-Viru County 48 Järva County 51 Põlva County 54 Pärnu County 56 Lääne-Viru County 59 Rapla County 61 Tartu County 64 Lääne County 69 Harju County 71 Hiiu County 73 unspecified 99 non-resident 0 9) New sales The difference between the cost of the assets acquired by the leasing company and the down payment of the lessee i.e. the total of new interest-bearing receivables generated in the period without prepayments is recognised as new sales. 10) Cost of the object of leasing The acquisition cost of the object of leasing purchased in the reporting period ) Annual interest rate The annual interest rate at the time the contract is signed or renegotiated. 12) Interest type identifiers fixed 1 floating 2 The interest rate type is fixed if the interest rate is agreed upon when the lease contract is signed; it may be changed only by changes to the terms and conditions of the contract. In other cases, including when a lease receivable initially carries a fixed 1 The acquisition cost consists of the purchase price of the asset item, non-refundable taxes and other expenses directly related to the acquisition. The VAT refunded by the Tax Board must thus be deducted from the acquisition cost. 7

8 interest rate that becomes floating after a certain period or vice versa, the interest rate type is recognised as floating. 13) Real estate project finance identifiers a real estate project 1 not a real estate project finance 0 Project finance financing where the repayments to the lender are made using cash flows generated by the financed project and the collateral is either the cash flows from the project or assets related to the project. It is usually presumed that the borrower is unable to finance the project using funds from other projects or activities. 14) Vehicle type New 1 Used 2 Unspecified 3 The vehicle type is defined only for leasing objects recorded as 9 18 in the second column of the reporting row. The identifier for all other leasing objects is 3 (unspecified). The vehicle type is defined from the year of manufacture of the vehicle. If the year of manufacture of the vehicle and the reporting period are in the same calendar year, the vehicle type identifier is 1 (new). For all other vehicle types the identifier is 2 (used). 15) Number of vehicles The number of leasing objects recorded as 9 18 in the second column of the reporting row is recognised here. For all other leasing objects the number of vehicles is marked as 0 (zero). 8

9 Report on the balance of leases and loans Area of report Balances of lease receivables, loans and accrued interests at the end of the reporting period. Report submission The code of the report on the balance of leasing and loans is 403. The balances of the lease receivables, balances of lease receivables 60 days overdue, accrued interests and number of vehicles with coinciding identifiers are indicated on a single row. Reporting period and submission dates for reports The reporting period is one month. The report is submitted as at the end of the reporting period. The report is submitted by the 12th calendar day after the end of the reporting month. If the 12th calendar day of the month is a non-working day off, reports will be submitted on the first subsequent working day. Reporting row structure 1) lease contract type 2) leasing object 3) reporting currency code 4) country code 5) customer 6) deadline 7) residual maturity 8) balance of lease receivables due for over 60 days 9) sector of the economy 10) county/town code 11) balance of lease receivables at book value 12) balance of lease receivables at contractual value 13) accrued interest 14) annual interest rate on the lease receivable 15) class of lease receivables 16) real estate project finance 17) vehicle type 18) number of vehicles 9

10 1) Lease contract type identifiers financial lease 1 operational lease 2 service lease 8 hire purchase 3 retail factoring 4 payable financing 7 loan 5 other receivable 6 2) Leasing object identifiers The leasing object identifier is recognised according to the object of leasing. IT equipment 1 (computers, servers, software, UPS, back-up devices, printers, etc.) office equipment 32 (copiers, telephones, faxes, etc.) local equipment and systems 33 (telephone exchanges, card payment terminals, cash register systems, audio-video equipment, radio communications equipment, satellite communications equipment, cinema equipment, multimedia systems and teleconference equipment, alarm and surveillance systems) office buildings 2 industrial buildings 3 commercial buildings 4 hotels and sport facilities 5 dwellings 6 apartments 7 blocks of flats 30 land 8 special-purpose cars < 3.5 t 9 (mail cars, vehicles for driving practice, police cars, invalid carriages, rally cars, maintenance vehicles, taxis, etc.) motor cars 10 (standard passenger cars, including station wagons) other small vehicles 11 (snowmobiles, ATVs, mopeds, motorcycles, etc.) vans < 3.5 t 12 10

11 (including vans) trucks 13 trailers (trailers, caravans, etc.) 14 minibuses 15 coaches 16 buses 17 special-purpose commercial vehicles > 3.5 t 18 (fire engines, excrement suction trucks, snow-clearing machines, etc.) ships 19 aircraft 20 railway rolling stock (locomotives and wagons) 21 industrial equipment 22 goods handling equipment (forklift trucks, harbour lifts, loading lifts, etc.) 23 agricultural equipment 24 (tractors, combine harvesters, drier equipment, fertilizer drills, cultivators, ploughs, mowers, hay presses, potato harvesters, etc.) forestry equipment 26 medical equipment 27 building equipment 31 (cranes, construction lifts, steamrollers, excavators, traxcavators, etc.) other machinery and industrial equipment 28 (refrigerating engineering, wind mills and alternative energy sources, distribution networks (substations, etc.), ventilation and air conditioning systems, central heating systems, gym equipment, elevators, escalators, optical equipment, photo equipment, etc.) other 29 3) Reporting currency The currency in which the contractual total has been denominated in the lease contract is reported here. If the contract allows for a change of the repayment amount in accordance with fluctuations in the currency exchange rate, the currency used for the modification of the repayment amount will be reported. So if the contract currency is 11

12 the euro and the repayment of the loan has been tied to the exchange rate at the moment of repayment between the euro and another specific currency such as CHF, the currency to which the euro is tied will be reported as the reporting currency, here CHF. 4) Country code The country code is based on the customer s residency. If it is impossible to identify the customer s residency, the code is XX. 5) Customer identifiers Central government 1 Local government 2 State social security fund 13 Central bank 12 Credit institution 6 Other deposit-taking corporations 15 Money market fund 16 Insurance corporation 17 Pension fund 18 Other investment fund 19 Other financial institution 20 Non-financial corporation of the state or local government 7 Other non-financial corporation 8 Household 10 Non-profit institutions serving households 9 6) Maturity identifiers up to 3 months months months years years years years 9 over 10 years 10 The maturity identifier is defined from contractual maturity. If the contract is renegotiated, and for example is renewed, the maturity is the period from the beginning of the original contract to the end of the renegotiated contract. 12

13 7) Identifiers of residual maturity up to 3 months months months years years years years 9 over 10 years 10 8) Unpaid balance of a lease where payment is 60 or more days overdue The contractual balance of lease receivables and loans (without accrued interest) is reported here for loans where scheduled instalments are overdue by more than 60 days at the end of the reporting period. For contracts where repayments are being made to schedule, the value of this field is recorded as zero (0). 9) Identifiers of sectors of the economy The receivable is recognised based on the customer s principal activity. Agriculture, forestry, fishing A Mining and quarrying B Processing industry C Electricity, gas, steam and air conditioning supply D Water supply; sewerage, waste management and remediation activities E Construction F Wholesale and retail trade, repair of motor vehicles and motorcycles G Transportation and storage H Accommodation and food service activities I Information and communication activities J Financial and insurance activities K Real estate activities L Professional, scientific and technical activities M Administrative and support service activities N Public administration and defence; compulsory social security O Education P Human health and social work activities Q Arts, entertainment and recreation activities R Other service activities S 13

14 Activities of households as employers; undifferentiated goods- and services-producing activities of private households for own use Activities of extraterritorial organisations and bodies Unspecified T U X If the lessee is a household, the identifier of the sector of the economy is X (unspecified). For a sole proprietor, the identifier is recognised for the principal area of activity of the sole proprietor. 10) County/town code County or town code is recognised according to the place of registration or residence of the customer: Tallinn 1 Kohtla-Järve 13 Narva 15 Pärnu 18 Sillamäe 21 Tartu 24 Valga County 33 Viljandi County 35 Võru County 38 Jõgeva County 41 Saare County 45 Ida-Viru County 48 Järva County 51 Põlva County 54 Pärnu County 56 Lääne-Viru County 59 Rapla County 61 Tartu County 64 Lääne County 69 Harju County 71 Hiiu County 73 unspecified 99 non-resident 0 14

15 11) Balance of lease receivables at book value The balance of the lease receivables and loans corresponding to the identifiers at book value as at the end of the reporting period, without accrued interest. The balance is indicated in gross value without impairment. 12) Balance of lease receivables at contractual value The balance of the lease receivables and loans corresponding to the identifiers at contractual value (not considering the impact of the effective interest rate) at the end of the reporting period without accrued interest. The balance is indicated in gross value without impairment. 13) Accrued interest Interest related to a receivable recognised in a reporting row, calculated on accrual basis but not paid by the end of the reporting period. 14) Annual interest rate on the lease receivable The contractual annual interest rate on the reporting date. The interest rate is indicated on an annual basis. 15) Class of lease receivables low risk 1 moderate risk 2 average level 3 high risk 4 uncollectible 5 This item covers the lease receivable class recognised in the reporting row. 16) Real estate project finance identifiers it is a real estate project 1 not a real estate project finance 0 Project finance financing where the repayments to the lender are made using cash flows generated by the financed project and the collateral is either the cash flows from the project or assets related to the project. It is usually presumed that the borrower is unable to finance the project using funds from other projects or activities. 17) Vehicle type New 1 Used 2 15

16 Unspecified 3 The vehicle type is defined only for leasing objects recorded as 9 18 in the second column of the reporting row. The identifier for all other leasing objects is 3 (unspecified). The vehicle type is defined from the year of manufacture of the vehicle. If the year of manufacture of the vehicle and the reporting period are in the same calendar year, the vehicle type identifier is 1 (new). For all other vehicle types the identifier is 2 (used). 18) Number of vehicles The number of leasing objects recorded as 9 18 in the second column of the reporting row is recognised here. For all other leasing objects the number of vehicles is marked as 0 (zero). 16

17 Report on the Balance of Resources Area of report Balances of resources taken and accrued interest of the lease company. Report submission The code of the report on the balance of resources is 404. The balances of those resources and accrued interests with coinciding identifiers are indicated as one row. Reporting period and submission dates terms for reports The reporting period is one month. The report is submitted as at the end of the reporting period. The report is submitted by the 12th calendar day after the end of the reporting month. If the 12th calendar day of the month is a non-working day, reports will be submitted on the first subsequent working day. Reporting row structure 1) resource type 2) collateral 3) reporting currency 4) country code 5) resource provider 6) sector of resource provider 7) maturity 8) balance of resources 9) accrued interest 1) Resource type identifiers loans 1 debt securities 2 bills 3 governmental aid and EU support measures 5 other resources 4 2) Resource collateral identifiers collateralised by parent company 1 17

18 other collateral 2 uncollateralised 3 3) Reporting currency The currency in which the resource has been denominated in the contract is reported. If the contract allows for a change of the repayment amount in accordance with fluctuations in the currency exchange rate, the currency used for the modification of the repayment amount will be reported. So if the contract currency is the euro and the repayment of the loan has been tied to the exchange rate at the moment of repayment between the euro and another specific currency such as CHF, the currency to which the euro is tied will be reported as the reporting currency, here CHF. 4) Country code The country code is based on the resource provider s residency. If it is impossible to identify the residency, the code is XX. 5) Identifiers of resource provider parent company 1 other shareholder 2 other 3 6) Identifiers of resource provider s sector Central government 1 Local government 2 State social security fund 13 Credit institution 6 Other deposit-taking corporations 15 Money market fund 16 Insurance corporation 17 Pension fund 18 Other investment fund 19 Other financial institution 20 Non-financial corporation of the state or local government 7 Other non-financial corporation 8 Household 10 Non-profit institutions serving households 9 For issued debt securities the identifier of resource provider s sector is defined from the institution that purchased the debt security. 18

19 7) Maturity identifiers on demand 2 up to 3 months months months years years years years 9 over 10 years 10 The maturity identifier is defined from contractual maturity or the redemption date of a debt security. If the contract is renegotiated in a way that changes the contractual maturity of the resource, the maturity is the period from the date the renegotiated contract enters into force to the end of the contract. 8) Balance of resources The contract value of the balance of the resource balance recognised in the reporting row not allowing for the effect of the interest rate is reported here at the end of the reporting period without accrued interest. 9) Accrued interest Interest related to a resource recognised in a reporting row, calculated on accrual basis, but not paid by the end of the reporting period. 19

20 Factoring Turnover Report Area of report Factoring turnover in the report period. Report submission The code of the factoring report is 445. The total of the factoring turnovers that have coinciding identifiers has to be shown as one row. Reporting period and submission date for reports The reporting period is one month. The report is submitted for the reporting period. The report is submitted by the 12th calendar day after the end of the reporting month. If the 12th calendar day of the month is a non-working day, reports will be submitted on the first subsequent working day. Reporting row structure 1) factoring contract type 2) surety rate 3) reporting currency code 4) country code 5) customer 6) sector of the economy 7) maturity 8) advance rate 9) factoring turnover in reporting month 10) annual interest rate 11) interest type 1) Factoring contract type identifiers 2 domestic factoring + assignment of a single receivable 1 export factoring 2 import factoring 3 maturity factoring 5 tax factoring 6 other 7 stock financing 8 2 Appendix 1 contains an instruction with definitions of factoring contract types. 20

21 2) Surety rate The surety rate shown over one hundred (r/100) and rounded to two decimal places. 3) Reporting currency The currency in which the receivable against the payer is obtained. If the contract currency is the euro and the repayment of the loan has been tied to the exchange rate at the moment of repayment between the euro and another specific currency such as CHF, the currency to which the euro is tied will be reported as the reporting currency, here CHF. 4) Country code The country code is based on the customer s residency. If it is impossible to identify the customer s residency, the code is XX. For factoring without recourse, the country code is recognised from the factoring debtor s residency. 5) Customer identifiers Central government 1 Local government 2 State social security fund 13 Credit institution 6 Other deposit-taking corporations 15 Money market fund 16 Insurance corporation 17 Pension fund 18 Other investment fund 19 Other financial institution 20 Non-financial corporation of the state or local government 7 Other non-financial corporation 8 Household 10 Non-profit institutions serving households 9 For factoring, the customer is defined by who the leasing company has a claim against. For factoring with recourse this means that if the assignor of a receivable the seller is obliged to repurchase the receivable, the customer is defined from the assignor of the receivable. For factoring without recourse, where there is no obligation to repurchase the receivable, the customer is recognised from the factoring debtor, i.e. the buyer. 21

22 If there is a claim against the assignor of a receivable and a factoring debtor, the party that is subject to the larger claim is recorded as the customer. If claims against both parties are the same, the higher-risk party should be recognised as the customer. 6) Identifiers of sectors of the economy Agriculture, forestry, fishing Mining and quarrying Processing industry Electricity, gas, steam and air conditioning supply Water supply; sewerage, waste management and remediation activities Construction Wholesale and retail trade, repair of motor vehicles and motorcycles Transportation and storage Accommodation and food service activities Information and communication activities Financial and insurance activities Real estate activities Professional, scientific and technical activities Administrative and support service activities Public administration and defence; compulsory social security Education Human health and social work activities Arts, entertainment and recreation activities Other service activities Activities of households as employers; undifferentiated goods- and services-producing activities of private households for own use Activities of extraterritorial organisations and bodies Unspecified A B C D E F G H I J K L M N O P Q R S T U X The classification is based on the principal activity of the customer, or for factoring without recourse on the principal activity of the factoring debtor. For factoring contracts with households, the identifier for the sector of the economy is X (unspecified). For sole proprietors, the identifier is recognised for the principal area of activity of the sole proprietor. 22

23 7) Factoring contract maturity This item covers the contractual maturity, i.e. a fixed period, recognised in months, during which the claims of the factoring contract can be assigned. 8) Advance rate The factoring advance is the share in the factoring turnover of advances paid to receivable assignors. The advance is recorded as a percentage of the factoring turnover and recognised in the report as a ratio over 100 to two places after the decimal point. For factoring with recourse, advance by factoring debtor is recognised. 9) Factoring turnover Factoring turnover is the total of receivables (invoices) assigned during the reporting period. For factoring without recourse, invoices from the factoring debtor are recognised as factoring turnover if the assignor of the receivable has assigned them for factoring in the reporting period. 10) Annual interest rate The annual interest rate at the time the contract is signed or renegotiated. 11) Interest type identifiers fixed 1 floating 2 The interest rate type is fixed if the interest rate is agreed upon when the factoring contract is signed; it may be changed only by changes to the terms and conditions of the contract. In other cases, including when a factoring receivable initially carries a fixed interest rate that becomes floating after a certain period or vice versa, the interest rate type is recognised as floating. 23

24 Factoring balance report Area of report Balances of factoring receivables and accrued interest. Report submission The code of the factoring report is 405. The book and contractual balances, accrued interests and number of factoring contracts with coinciding identifiers are indicated as one row. Reporting period and submission dates for reports The reporting period is one month. The report is submitted as at the end of the reporting period. The report is submitted by the 12th calendar day after the end of the reporting month. If the 12th calendar day of the month is a non-working day, reports will be submitted on the first subsequent working day. Reporting row structure 1) factoring contract type 2) surety rate 3) reporting currency code 4) country code 5) customer 6) sector of the economy 7) maturity 8) factoring balance at book value 9) factoring balance at contractual value 10) accrued interest 11) factoring receivable class 12) number of factoring contracts 1) Factoring contract type identifiers domestic factoring + assignment of a single receivable 1 export factoring 2 import factoring 3 maturity factoring 5 tax factoring 6 other 7 24