Circular Letter ST.13-0501 — Type of Holding in Title-by-Title Reporting for OPCs — BCL — LU

2, boulevard Royal L-2983 Luxembourg Télécopie (+352) 4774-4943 E-mail: reporting.opc@bcl.lu ./.
Réf.: ST.13-0501 Luxembourg, le 6 juin 2013
Circular Letter
To all OPCs
Subject: Type of holding in title-by-title reporting

Madam, Sir,

We refer to the joint circular BCL 2013/231 - CSSF 13/564, which makes the transmission of title-by-title reports mandatory for all OPCs and OPC compartments in order to satisfy information needs for financial stability analysis and prudential supervision.

In this context, we wish to emphasize that the quality and accuracy of the data are paramount to ensure appropriate use of the collected information. This quality requirement applies in particular to the type of holding, which indicates whether a security is subject to a loan or a repurchase agreement, and is therefore an important element for risk assessment. Consequently, the flexibility previously shown by the BCL regarding the transmission of imprecise information when securities were deposited with another custodian can no longer be maintained.

We therefore request that you take the necessary measures as soon as possible to transmit reliable information regarding the type of holding.

Please accept, Madam, Sir, the assurance of our highest consideration.

2, boulevard Royal L-2983 Luxembourg Télécopie (+352) 4774-4943 E-mail: reporting.opc@bcl.lu ./.
BANQUE CENTRALE DU LUXEMBOURG
Philippe Arondel Roland Nockels
Head of the Statistical and Financial Statistics Section Head of the Statistics Department