2025-12-16

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Circular Letter No. CC/2025/00000035

Circular Letter No. CC/2025/00000035 specifies the methodology for credit and electronic money institutions to calculate the base for minimum reserves and report values in the "R - Minimum Reserves" framework for the reference date of 31 December 2025. Institutions must apply the standard deduction defined by the ECB or, alternatively, waive it by providing proof of specific short-term securities held by Eurosystem entities to exclude them from the base. The document mandates the use of specific cells within the reporting framework, such as R(10,10) for waived deductions and R(40,20) for the final minimum reserve amount calculated using a 1% coefficient minus a fixed threshold.

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