RegAlert2007-10-08 | Circulaire BCL 2007/208Added · Updated
Circular BCL 2007/208 of 8 October 2007 — Submission dates for statistical reports to the Central Bank of Luxembourg and start and end dates for reserve maintenance periods in 2008
Credit institutions must submit monthly statistical reports S 1.1 and S 1.4 within 10 business days, report S 1.5 within 15 business days, and quarterly report S 2.5 within 20 calendar days following the end of the respective reporting periods. The circular specifies exact submission deadlines for each month of 2008 and defines the reserve maintenance periods, which begin on the settlement day of the main refinancing operation following the Governing Council meeting. The net amount to be deposited is finalized before the start of each maintenance period and cannot be modified thereafter.
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Luxembourg, 8 October 2007
To all credit institutions
CIRCULAR BCL 2007/208
Submission dates for statistical reports to the Central Bank of Luxembourg and start and end dates for reserve maintenance periods in 2008
Ladies and Gentlemen,
We have the honour to refer respectively to Circulars BCL 2002/170, BCL 2002/174 and BCL 2002/175 regarding the modification of statistical collection, as well as to Circular BCL 2003/181 regarding the modification of the reserve system, to send you herewith the schedule for the submission of monthly and quarterly statistical reports, as well as the schedule for the start and end dates of the reserve maintenance periods related thereto for the year 2008.
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In this context, we wish to remind you that the Central Bank of Luxembourg (BCL) must transmit monthly statistical data to the European Central Bank (ECB) within a period of 15, respectively 19 business days following the period to which they relate. Furthermore, the BCL must submit quarterly data to the ECB within a period of 25 business days following the period to which they relate.
It is therefore essential that institutions strictly respect the various submission deadlines defined in this circular so that the Central Bank of Luxembourg is able to meet its commitments within the framework of the European System of Central Banks (ESCB).
In this context, we also wish to draw your attention to ECB Communication 2004/C195/10 1 regarding the application of sanctions for infringements of statistical reporting obligations relating to the balance sheet of monetary financial institutions.
1 Submission dates for statistical reports
1.1 Reports S 1.1 "Monthly Balance Sheet" and S 1.4 "Adjustments related to valuation effects"
The monthly statistical reports S 1.1 "Monthly Balance Sheet" and S 1.4 "Adjustments related to valuation effects" must reach the Central Bank of Luxembourg within 10 business days following the end of the month to which they relate.
1 Communication 2004/C195/10 of the ECB in the Official Journal of the European Union: http://europa.eu.int/eur-lex
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The schedule of data submission below lists the exact dates by which the aforementioned tables must be submitted, at the latest, to the Central Bank of Luxembourg during the year 2008.
Submission dates for monthly reports S 1.1 and S 1.4
| Period | Day | Date |
|---|---|---|
| January 2008 | Thursday | 14.02.2008 |
| February 2008 | Friday | 14.03.2008 |
| March 2008 | Monday | 14.04.2008 |
| April 2008 | Friday | 16.05.2008 |
| May 2008 | Friday | 13.06.2008 |
| June 2008 | Monday | 14.07.2008 |
| July 2008 | Thursday | 14.08.2008 |
| August 2008 | Friday | 12.09.2008 |
| September 2008 | Tuesday | 14.10.2008 |
| October 2008 | Friday | 14.11.2008 |
| November 2008 | Friday | 12.12.2008 |
| December 2008 | Thursday | 15.01.2009 |
1.2 Report S 1.5 "Information on interest rates in EUR"
The Central Bank of Luxembourg must transmit aggregated national statistical information relating to interest rates within a period of 19 business days following the period to which they relate. Institutions are therefore invited to send the monthly statistical report S 1.5 "Information on interest rates in EUR" to the Central Bank of Luxembourg within 15 business days following the end of the month to which it relates.
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The schedule of data submission below lists the exact dates by which the aforementioned table must be submitted, at the latest, to the Central Bank of Luxembourg during the year 2008.
Submission date for monthly report S 1.5
| Period | Day | Date |
|---|---|---|
| January 2008 | Thursday | 21.02.2008 |
| February 2008 | Friday | 21.03.2008 |
| March 2008 | Monday | 21.04.2008 |
| April 2008 | Friday | 23.05.2008 |
| May 2008 | Friday | 20.06.2008 |
| June 2008 | Monday | 21.07.2008 |
| July 2008 | Friday | 22.08.2008 |
| August 2008 | Friday | 19.09.2008 |
| September 2008 | Tuesday | 21.10.2008 |
| October 2008 | Friday | 21.11.2008 |
| November 2008 | Friday | 19.12.2008 |
| December 2008 | Thursday | 22.01.2009 |
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1.3 Report S 2.5 "Quarterly Balance Sheet"
The quarterly statistical report S 2.5 "Quarterly Balance Sheet" must reach the Central Bank of Luxembourg within 20 calendar days following the end of the month to which it relates.
The schedule of data submission below lists the exact dates by which the aforementioned table must be submitted, at the latest, to the Central Bank of Luxembourg during the year 2008.
Submission date for quarterly report S 2.5
| Period | Day | Date |
|---|---|---|
| March 2008 | Monday | 21.04.2008 |
| June 2008 | Monday | 21.07.2008 |
| September 2008 | Monday | 20.10.2008 |
| December 2008 | Tuesday | 20.01.2009 |
2 Start and end dates of maintenance periods
The reserve maintenance period begins on the settlement day of the main refinancing operation that follows the Governing Council meeting at which the monthly assessment of monetary policy orientation is on the agenda.
Furthermore, we wish to remind you that, in accordance with the terms of Circular 2003/181 regarding the modification of the reserve system, the net amount to be deposited is definitively fixed before the start of the maintenance period and therefore cannot be modified after the start of the maintenance period.
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The table on the following page lists the schedule of reserve maintenance periods for the year 2008.
| S 1.1 serving as the basis for calculating the reserve requirement | Date of final fixation of the amount to be deposited | Start date of the reserve maintenance period | End date of the reserve maintenance period | Number of days in the reserve maintenance period |
|---|---|---|---|---|
| November 2007 | 14.01.2008 | 16.01.2008 | 12.02.2008 | 28 |
| December 2007 | 11.02.2008 | 13.02.2008 | 11.03.2008 | 28 |
| January 2008 | 10.03.2008 | 12.03.2008 | 15.04.2008 | 35 |
| February 2008 | 14.04.2008 | 16.04.2008 | 13.05.2008 | 28 |
| March 2008 | 12.05.2008 | 14.05.2008 | 10.06.2008 | 28 |
| April 2008 | 09.06.2008 | 11.06.2008 | 08.07.2008 | 28 |
| May 2008 | 07.07.2008 | 09.07.2008 | 12.08.2008 | 35 |
| June 2008 | 11.08.2008 | 13.08.2008 | 09.09.2008 | 28 |
| July 2008 | 08.09.2008 | 10.09.2008 | 07.10.2008 | 28 |
| August 2008 | 06.10.2008 | 08.10.2008 | 11.11.2008 | 35 |
| September 2008 | 10.11.2008 | 12.11.2008 | 09.12.2008 | 28 |
| October 2008 | 08.12.2008 | 10.12.2008 | 20.01.2009 | 42 |
Please accept, Ladies and Gentlemen, the assurance of our most distinguished sentiments.
CENTRAL BANK OF LUXEMBOURG
The Management
Serge KOLB Andrée BILLON Yves MERSCH
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