Circular BCL 2007/216 of 28 December 2007 — Transmission of Statistical Data via Telecommunication

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Luxembourg, 28 December 2007
To all credit institutions

CIRCULAR BCL 2007/216
Transmission of Statistical Data via Telecommunication

Ladies and Gentlemen,

We have the honor to refer to Circular IML 97/135 "Transmission of Prudential and Statistical Data via Telecommunication" of 12 June 1997, which established the mandatory transmission of data via electronic means.

The aforementioned circular introduced the mandatory use of teletransmission through a single technical solution, namely the LIBRAC (Luxembourg InterBank Reporting And Communication) application, for which CETREL (Centre de transferts électroniques) acted as the concessionaire and technical agent of the Luxembourg Monetary Institute (IML) for the implementation and operation of the system infrastructure and the application. Since the LIBRAC application is now reaching the end of its lifecycle, CETREL and the Banque Centrale du Luxembourg (BCL), as the legal successor of the IML, have agreed to terminate the concession agreement of 12 June 1997 between the IML and CETREL s.c..

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In this context, the BCL has decided to repeal Circular IML 97/135 effective 1 January 2008, thereby allowing credit institutions to freely choose a secure teletransmission solution for reporting to the BCL. Since the solution chosen by credit institutions must be approved by the BCL, the latter will shortly publish a specification detailing the technical and security aspects to be respected by any transmission channel in the context of reporting to the BCL.

Finally, we wish to inform credit institutions that the following secure teletransmission channels can be used immediately:

• CETREL
  • LIBRAC (this is a transitional solution pending the production launch of SOFIE)
  • SOFIE (the last technical tests are in the process of being finalized)
• CCLux (Centrale de Communications Luxembourg), a subsidiary of the Luxembourg Stock Exchange
  • E-file

The table below provides an overview of existing approved channels that can be used for the teletransmission of reporting to the Banque Centrale du Luxembourg.

Credit Institution Reporting

Channel	Reports B	Reports S	TPT Reporting	BOP Reporting
LIBRAC	until 01.02.2008	until 01.02.2008	until 01.02.2008
SOFIE	from 01.02.2008	from 01.02.2008	from 01.01.2009	from 01.02.2008
E-file	from 01.01.2008	from 01.01.2008	from 01.01.2009	from 01.01.2008

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This table is provided for information only, and we invite credit institutions to contact their provider to determine the concrete arrangements for switching from one channel to another.

Please accept, Ladies and Gentlemen, the assurance of our very distinguished sentiments.

BANQUE CENTRALE DU LUXEMBOURG
The Management

Serge KOLB Andrée BILLON Yves MERSCH