RegAlertRule · BCL · 18 Aug 2022 · Lettre circulaire ST.22-0449
Circular Letter ST.22-0449 — Update of statistical reporting instructions
The Banque Centrale du Luxembourg updates the statistical reporting instructions for report S1.5 regarding EUR interest rates by subdividing the existing initial rate fixation bracket exceeding 10 years for new household mortgage loans into five-year intervals. This change is required to reflect recent developments in interest rate fixation ranges and takes effect with the December 2022 reporting period.
BANQUE CENTRALE DU LUXEMBOURG
EUROSYSTÈME
Ref.: ST.22-0449
Circular Letter
Luxembourg, August 18, 2022
To all credit institutions
Subject: Update of statistical reporting instructions – S1.5 report
Dear Madam, Dear Sir,
We refer to the reporting instructions to inform you that we have updated the instructions for the S1.5 statistical report "EUR Interest Rate Information".
In order to take into account recent developments in interest rate fixation ranges, the BCL is required to refine the interest rate fixation ranges for new contracts in the S1.5 report. Consequently, the BCL subdivides the current "initial rate fixation exceeding 10 years" bracket for new mortgage loans contracted by households into several five-year brackets.
This measure will take effect with the December 2022 reporting.
Please accept, Madam, Sir, the assurance of our perfect consideration.
BANQUE CENTRALE DU LUXEMBOURG
Signature
Germain Stammet
Deputy Department Head
Signature
Roland Nockels
Department Head
2, boulevard Royal • L-2983 Luxembourg • Fax (+352) 4774-4943 • E-mail: stat@bcl.lu 1 / 1
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Source: Banque Centrale du Luxembourg — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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