list of statistical actions of eesti pank in 2016-2020 ... · 12. aggregated income statement of...

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Annex to Eesti Pank Governor’s Decree No 2 of 19 January 2016 “List of statistical actions of Eesti Pank under the official statistical programme”

LIST OF STATISTICAL ACTIONS OF EESTI PANK in 2016-2020

under the official statistical programme

2

Statistical action Reference period or moment

Data publication

term Legal basis

Anticipated cost in 2016

(in thousands of €)

Output indicators

Planned changes in methods

1. Balance of payments flash

estimate Month

Reporting month

+ 42 calendar days

Clause 2 (2) 6) of the Bank of Estonia (Eesti Pank) Act

GUIDELINE OF THE EUROPEAN CENTRAL BANK of 9 December 2011 on the statistical reporting requirements of the European Central Bank in the field of external statistics (ECB/2011/23)

GUIDELINE OF THE EUROPEAN CENTRAL BANK of 30 July 2013 amending Guideline ECB/2011/23 on the statistical reporting requirements of the European Central Bank in the field of external statistics (ECB/2013/25)

REGULATION (EC) No 184/2005 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 12 January 2005 on Community Statistics concerning balance of payments, international trade in services and foreign direct investment

GUIDELINE OF THE EUROPEAN CENTRAL BANK of 9 December 2011 on the statistical reporting requirements of the European Central Bank in the field of external statistics (recast) (ECB/2011/23)

COMMISSION REGULATION (EU) No 555/2012 of 22 June 2012 amending Regulation (EC) No 184/2005 of the European Parliament and of the Council on Community Statistics concerning balance of payments, international trade in services and foreign direct investment, as regards the update of data requirements and definitions

315 Appendix

1 -

2. Quarterly balance of

payments current account and

national rest-of-the-world non-

financial account

Quarter

Reporting month

+ 70 calendar days

416 Appendix

2 -

3. Quarterly balance of

payments financial account,

international investment

position and external debt

statement

Quarter

Reporting quarter + 70

calendar days 310

Appendix

3 -

4. Quarterly national financial

accounts Quarter

Reporting quarter + 110 calendar days


GUIDELINE OF THE EUROPEAN CENTRAL BANK of 25 July 2013 on the statistical reporting requirements of the European Central Bank in the field of quarterly financial accounts (recast) (ECB/2013/24)

147 Appendix

4 -

5. International reserves and

foreign currency liquidity under

the IMF special data

dissemination standard (SDDS)

Month

Reporting month + 7 calendar

days

Clause 2 (2) 6) of the Bank of Estonia (Eesti Pank) Act 2 Appendix

5 -

6. Annual statistics on the

economic indicators of foreign

affiliates (FATS)

Year

For Eurostat purposes,

reporting year

+ 20 months


REGULATION (EC) No 716/2007 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 20 June 2007 on Community Statistics on the structure and activity of foreign affiliates

COMMISSION REGULATION (EC) No 747/2008 of 30 July 2008 amending Regulation (EC) No 716/2007 of the European Parliament and of the Council on Community Statistics on the structure and activity of foreign affiliates, as regards the definitions of characteristics and the implementation of NACE Rev. 2

20 Appendix

6 -

3

Statistical action Reference period or moment

Data publication

term The legal basis

Anticipated cost in 2016

(in thousands of €)

Output indicators

Planned changes in methods

7. International travel statistics Quarter

Reporting quarter + 40

calendar days


7 -

8. Service provision and quality

management for the

Centralised Securities

Database of the European

Central Bank (ECB)

Month

For ECB purposes,

reporting month

+ 8 working days



GUIDELINE OF THE EUROPEAN CENTRAL BANK of 26 September 2012 on the data quality management framework for the Centralised Securities Database (ECB/2012/21)

82 Appendix

8 -

9. Statistics on holdings of

securities Quarter

For ECB purposes,

reporting quarter

+ 63 calendar days


REGULATION (EU) No 1011/2012 OF THE EUROPEAN CENTRAL BANK of 17 October 2012 concerning statistics on holdings of securities (ECB/2012/24)

69 Appendix

9 -

10. Estonian Household

Finance and Consumption

Survey

Year 2018 Clause 2 (2) 7) of the Bank of Estonia (Eesti Pank) Act 68 Appendix

10 -

11. Aggregated balance sheet

statement of savings and loan

associations

Month

Reporting month

+ 17 working days


11 -

12. Aggregated income

statement of savings and loan

associations

Quarter

Reporting quarter

+ 17 working days


12 -

13. Effective exchange rate

indices of competitiveness Month

Reporting month

+ 42 calendar days


13 -

“List of statistical actions of Eesti Pank in 2016-2020 under the official statistical programme” Annex 1

Output indicators of statistical action “Balance of payments flash estimate”

Methodological standards and classifications:

BPM6 – Balance of Payments Manual 6th

edition

System of National Accounts (SNA) 2008

ESA 2010 – European System of Accounts 2010

Quantitative variable Classification

Number of

variable

values

Current account Credit/debit 2

Purchase of goods from and

sale of goods to non-residents

Credit/debit 2

Non-resident’s country group: total / euro area / non-euro area

/ EU / non-EU 5

Purchase of services from and

sale of services to non-

residents

Credit/debit 2


/ EU / non-EU 5

Primary income receivable from

and payable to non-residents

Credit/debit 2

Type of income: salary, direct investment income (incl.

reinvested income by the institutional sectors of ESA 2010) /

portfolio investment income / other investment income / other

income

15


/ EU / non-EU 5

Secondary income receivable

from and payable to non-

residents

Credit/debit 2


/ EU / non-EU 5

Capital account

Credit/debit 2


/ EU / non-EU 5

Financial account balance / net

external borrowing Non-resident’s country group: total 1

Foreign direct investments

assets and liabilities

Assets/liabilities 2

Type of capital: share capital / other direct investment capital 2

Non-resident’s country group: total / euro area / non-euro area 3

Portfolio investments

receivables and liabilities


Type of security: equity security / short-term debt security /

long-term debt security 3

Resident’s sector: central bank / money market funds / other

MFIs / general government / other sectors 5

Non-resident’s sector: central bank / money market funds /

other MFIs / general government / other sectors 5


Balance of cross-border

transactions with financial

derivatives


Other foreign investments

receivables and liabilities


Resident’s sector: central bank / money market funds / other

MFIs / general government / other sectors 5


Reserve assets Non-resident’s country group: total 1

“List of statistical actions of Eesti Pank in 2016-2020 under the official statistical programme” Appendix 2

Output indicators of statistical action “Quarterly balance of payments current account and national rest-of-the-world non-financial account” Methodological standards and classifications:


edition



International Standard Codes for the Representation of the Names of Countries (ISO 3166)

Combined Nomenclature 2011 (CN 2011)

EMTAK 2008 – Estonian Classification of Economic Activities 2008; Statistical Classification of Economic

Activities in the European Community (NACE Rev. 2)

Quantitative

variable Classification

Number of

variable

values

Current account Credit/debit 2

Non-resident’s country: ISO 3166 246

Purchase of goods

from and sale of

goods to non-

residents

Credit/debit 2


Type of goods: CN 2011 7539

Type of goods: classification of goods under BPM6 9

Purchase of services

from and sale of

services to non-

residents

Credit/debit 2


Resident’s sector: national accounting sector (ESA 2010) 15

Type of service: classification of services under BPM6 90

Resident’s field of activity: EMTAK 2008 1771

Primary income

receivable from and

payable to non-

residents

Credit/debit 2


Type of income: classification of primary income under BPM6 49



Secondary income

receivable from and

payable to non-

residents

Credit/debit 2


Type of transaction: classification of secondary income under BPM6 22



Capital account

Credit/debit 2


Type of transaction: classification of capital account under BPM6 17



Output indicators of statistical action “Quarterly balance of payments financial account, international investment position and external debt statement”


IMF External Debt Statistics (2003)

OECD Benchmark Definition of Foreign Direct Investments, 4th

Ed


edition







Number

of

variable

values

International investment

position

Liabilities/assets/net 3




Financial account balance

/ net external borrowing




Foreign direct investments

Position at the beginning of the period / transactions (net) / revaluations /

other changes / position at the end of the period 5

In Estonia / abroad 2

Type of capital: share capital and reinvested earnings / other direct

investment capital 2


Direct counterparty country: ISO 3166 246

Beneficial owner’s country: ISO 3166 246


Non-resident direct investment company’s field of activity: EMTAK 2008 272

National accounting instrument (ESA 2010) 29


Type of equity transaction: classification of transactions under BD4 4

2


Number

of

variable

values

Portfolio investment




Type of security: equity security and investment fund unit / debt security /

long-term debt security / short-term debt security 4

Residual maturity: over 1 year / less than 1 year 2

Currency: EUR / USD / other currency 3





Foreign investments in

financial derivatives




Central bank / general government / credit institutions / other sectors 4




Other foreign investments




Trade credit / loans / currency and deposits / other receivables 4

Central bank / general government / credit institutions / other sectors 4

Contractual maturity: long-term / short-term 2





Reserve assets



Classification of reserve assets under BPM6 14

ECB reserve assets template 21



External debt

Liabilities/assets/net 3

Central bank / general government / credit institutions / other sectors /

direct investments: intercompany lending 5

Contractual maturity: short-term / long-term 2





Output indicators of statistical action “Quarterly national financial accounts”




Number

of

variable

values

Financial assets

Position at the beginning of the period / transactions (net) /

revaluations / other changes / position at the end of the period 5

Economic sector: classification of institutional sectors under ESA

2010 17

Instrument: classification of instruments under ESA 2010 29

Counterparty’s economic sector: classification of institutional sectors

under ESA 2010 17

Residence (loans, debt securities, listed shares and investment fund

shares or units): Estonia / other euro area / non-euro area 3

Financial liabilities

Position at the beginning of the period / transactions (net) /

revaluations / other changes / position at the end of the period 5

Economic sector: classification of institutional sectors under ESA

2010 17

Instrument: classification of instruments under ESA 2010 29

Counterparty’s economic sector: classification of institutional sectors

under ESA 2010 17

Residence (deposits only): Estonia / other euro area / non-euro area 3

Net lending/borrowing Economic sector: classification of institutional sectors under ESA

2010 17


Output indicators of statistical action “International reserves and foreign currency liquidity under the IMF special data dissemination standard (SDDS)”


IMF Data Template on International Reserves/Foreign Currency Liquidity (DTIR)


Number

of

variable

values

Reserve assets and other foreign

currency assets (market value) Classification of entries under DTIR 25

Predetermined short-term net

drains on foreign currency assets

(nominal value)

Classification of entries under DTIR 14

Maturity breakdown by residual maturity: total / up to 1 month /

more than 1 and up to 3 months / more than 3 months and up

to 1 year

4

Contingent short-term net drains

on foreign currency assets

(nominal value)

Classification of entries under DTIR 44

Maturity breakdown by residual maturity: total / up to 1 month /

more than 1 and up to 3 months / more than 3 months and up

to 1 year

4

Memo items Classification of entries under DTIR 32

http://www.imf.org/external/np/sta/ir/IRProcessWeb/index.aspx


Output indicators of statistical action “Annual statistics on the economic indicators of foreign affiliates (FATS)”


Regulation (EC) No 716/2007 of the European Parliament and of the Council of 20 June 2007 on Community

statistics on the structure and activity of foreign affiliates

Commission Regulation (EC) No 747/2008 of 30 July 2008 amending Regulation (EC) No 716/2007 of the

European Parliament and of the Council on Community statistics on the structure and activity of foreign

affiliates, as regards the definitions of characteristics and the implementation of NACE Rev. 2

Quantitative variable Classifiable variables

Number of

variable

values

Number of foreign affiliates of Estonian

companies (except in EU)

Affiliate's country of location: ISO 3166 246

Non-resident direct investment company’s field

of activity: EMTAK 2008 272

Annual average number of employees

of foreign affiliates of Estonian

companies (except in EU)




Annual sales revenue of foreign

affiliates of Estonian companies

(except in EU)





Output indicators of statistical action “International travel statistics”

Explanation:

The data are collected through statistical models built on the information gathered via anonymous mobile positioning

on the cross-border movement of passengers over the Estonian border. The mobile positioning system is used to

register a person’s visit to a foreign country on the basis of phone roaming in the coverage area of the foreign mobile

operator during the person’s stay outside the country of residence. The methodology was developed jointly by Eesti

Pank, the University of Tartu and OÜ Positium LBS.

The data are collected and processed by OÜ Positium LBS, with whom Eesti Pank has entered into a public

cooperation contract.

Eesti Pank uses international travel statistics as an input for balance of payments in the calculation of travel services

exports and imports for the current account.



edition



Number of

variable

values

Non-residents’ visits to Estonia

Country of origin: ISO 3166 35

Number and total duration of visits 4

Estonian residents’ visits to foreign

countries

Country of destination: ISO 3166 39

Number and total duration of visits 4


Output indicators of statistical action “Service provision and quality management for the Centralised Securities Database of the European Central Bank (ECB)”


GUIDELINE OF THE EUROPEAN CENTRAL BANK of 26 September 2012 on the data quality management

framework for the Centralised Securities Database (ECB/2012/21)





Number of

variable

values

Shares of Estonian companies traded

on NASDAQ OMX Tallinn Stock

Exchange

Price 1

Classification of price type 135

Dividend 2

Estonian investment funds

Price 1

Classification of price type 135

Fund classification 414

Estonian bonds

Residual value of security 1

Classification of security: ESA 95 3

ECB classification of coupon frequency 10

ECB classification of debt type 13

CFI classification of security 38

ECB classification of coupon type 6

ECB classification of redemption type 9

ECB classification of issuer sector 22

Issuer’s field of activity: EMTAK 2008 272


Output indicators of statistical action “Statistics on holdings of securities”


REGULATION (EU) No 1011/2012 OF THE EUROPEAN CENTRAL BANK of 17 October 2012 concerning

statistics on holdings of securities (ECB/2012/24)



Quantitative variable Classifiable variables Number of

variable values

Value based on the ISIN of the security

Institutional sector: ESA 2010 19

Holder’s country: ISO 3166 247

ECB classification of source 4

ECB classification of investment type 3

ECB classification of quotation basis 2

ECB classification of value type 3

ECB classification of confidentiality 3

The need to present aggregated data has not been taken into account in the description of the statistical action, as

this is voluntary for the Member States.

The need to present data on individual banking groups has not been taken into account in the description of the

statistical action, as no head offices of significant banking groups are located in Estonia.


Register-based continuation of the time series of the statistical action “Estonian Household Finance and Consumption Survey” Methodological standard:

ECB Manual of Procedures for the Conduct of the Household Finance and Consumption Survey (HFCS)

For the second time, Eesti Pank is organising the pan-Estonian Household Finance and Consumption Survey

(HFCS) within the framework of the ESCB research network. The HFCS is conducted in standard form by all euro

area countries and this survey is carried out on a regular basis with a maximum interval of three years.

The coordinated household survey covering the euro area eliminates a significant deficit in the micro-level data

describing the financial behaviour of households. This, in its turn, facilitates the implementation of a single monetary

policy and helps to ensure financial stability in the euro area. The ECB is responsible for compiling a single database

for the euro area and calculating the macro-level indicators thereof.

The HFCS questionnaire has two parts: one for the whole household and one for each separate member of the

household. The part of the questionnaire intended for the household gives an overview of the following:

household assets and asset financing;

other monetary obligations and credit barriers;

companies and financial assets owned by the household;

intergenerational transfers and gifts;

consumption and saving.

The part of the questionnaire intended for household members includes the following:

demographic data and employment status;

pension to be paid in the future;

income from work activity.

The primary objective of HFCS is to collect structural micro-level data giving an overview of the assets and financial

liabilities of households. The data collected by the survey on household assets, debt, income and consumption give

an overview of several aspects of economic structure and thereby provide important input into the implementation of

central bank policies, ranging from monetary policy to financial stability and payment systems. Information about the

distribution of wealth, debt and income is very important in order to analyse better the transmission mechanisms of

macroeconomic shocks.

Both the interview method and information from various registers are used in parallel for the survey. For register-

based surveys, information is requested from credit institutions, leasing and life insurance companies, the Estonian

Central Securities Depository, the Land Register, the Tax and Customs Board, the Health Insurance Fund, the Social

Insurance Board, the Unemployment Insurance Fund, etc. Register-based data are requested on the basis of the

sample of the 2013-2014 survey.

Initial timetable:

Preparatory stage: 2016

Conducting the basic survey: 1st half of 2017

Register-based survey: 2nd

half of 2016 and 1st half of 2017

Processing, analysis and publication of data: 2018


Output indicators of statistical action “Aggregated balance sheet statement of savings and loan associations”

Methodological standard:

Eesti Pank Governor’s Decree No 8 of 6 November 2012 “Establishment of requirements to the contents and

form of savings and loan associations’ balance sheet statement and income statement and the procedure of

submitting the reports to Eesti Pank” [RT I 14.11.2012, 1 – entry into force: 1 January 2013]


variable values

Assets Division of assets under the savings and loan

association’s balance sheet statement scheme 42

Liabilities and equity capital

Division of liabilities and equity under the savings

and loan association’s balance sheet statement

scheme

59

Number of members of the savings and loan association

- 1


Output indicators of statistical action “Aggregated income statement of savings and loan associations”

Methodological standard:

Eesti Pank Governor’s Decree No 8 of 6 November 2012 “Establishment of requirements to the contents and

form of savings and loan associations’ balance sheet statement and income statement and the procedure of

submitting the reports to Eesti Pank” [RT I 14.11.2012, 1 – entry into force: 1 January 2013]


Number of

variable

values

Income, expenses and profit Division of entries under the savings and loan

association’s income statement scheme 56


Output indicators of statistical action “Effective exchange rate indices of competitiveness”

Methodology and classifications:

Viilmann, Natalja. The evaluation of the real exchange rate of the Estonian kroon on the basis of different

indicators – [Tallinn] : Eesti Pank, 1997 – 19 pages. Papers of Eesti Pank, ISSN 1406-541X



variable values

Effective exchange rate of the euro against

Estonia’s principal trading partners

Country group: total / euro area / non-euro

area 3

Real effective exchange rate of the euro against

Estonia’s principal trading partners

Country group: total / euro area / non-euro

area 3

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