Aggregated balance sheet of euro area financial vehicle corporations

last update: 27/02/2012
(EUR billions and annual growth rates; outstanding amounts and growth rates at end of period; transactions during period)
Outstanding amounts Transactions Annual growth rates
Q4 2011 Q2 2011 Q3 2011 Q4 2011 Q2 2011 Q3 2011 Q4 2011
1. Assets
1.1. Deposits and loan claims 1) 324.6 -11.2 -18.4 3.1 -6.5 -8.6 -13.7
1.1.1. Of euro area monetary financial institutions 236.3 -11.5 -10.0 4.1      
1.2. Securitised loans 1530.3 -25.6 3.2 63.0 -1.1 -2.5 0.0
1.2.1. Originated by euro area monetary financial institutions 1244.8 -21.5 13.2 62.2      
1.2.1.1. Remaining on the monetary financial institutions' balance sheet 2) 582.0            
By borrowing sector
1.2.1.2. To euro area households 828.2 -20.8 6.2 32.2      
1.2.1.3. To euro area non-financial corporations 262.2 0.2 1.4 6.1      
1.2.1.4. To other euro area residents 119.0 3.0 6.8 23.8      
1.2.1.5. To non-euro area residents 35.3 -3.9 -1.2 0.2      
1.2.2. Originated by euro area general government 4.8 -0.3 0.0 -0.4      
1.2.3. Originated by euro area other financial intermediaries, insurance corporations and pension funds 147.8 1.9 -2.1 4.2      
1.2.4. Originated by euro area non-financial corporations 20.8 -0.7 -0.1 0.3      
1.2.5. Originated by non-euro area residents 112.0 -5.0 -7.8 -3.4      
1.3. Securities other than shares 3) 228.9 -7.9 -2.2 -3.4 -14.4 -9.9 -9.3
1.3.1. Issued by euro area monetary financial institutions 40.4 -0.4 -0.2 -1.6      
1.3.2. Issued by euro area non-monetary financial institutions 79.7 0.7 -2.9 0.0      
1.3.2.1. Issued by euro area financial vehicle corporations 33.0 -0.7 -1.2 -0.2      
1.3.3. Issued by non-euro area residents 108.1 -8.3 1.0 -1.8      
1.4. Other securitised assets 4) 90.0 0.0 -2.1 2.3 -3.9 -5.8 -2.4
1.4.1. Originated by euro area general government 56.7 -0.2 -0.2 -0.7      
1.4.2. Originated by euro area non-financial corporations 21.2 -0.3 -0.8 1.8      
1.5. Shares and other equity 36.8 0.0 -1.1 -1.0 -12.9 -16.2 -17.1
1.5.1. Issued by euro area financial vehicle corporations 5) 23.1 -0.9 -1.3 -1.6      
1.6. Other assets 6) 58.8 1.7 -3.1 3.2 -10.6 -16.5 -16.2
1.7. Total assets 2269.5 -43.1 -23.7 67.1 -4.2 -5.0 -4.0
2. Liabilities
2.1. Loans and deposits received 7) 150.3 1.4 -2.2 16.5 25.0 11.5 10.7
2.1.1. From euro area financial vehicle corporations 42.1 -0.1 0.3 0.5      
2.2. Debt securities issued 1881.3 -47.6 -23.0 58.6 -6.0 -6.6 -4.8
2.2.1. Up to 1 year 61.7 -3.4 -3.2 1.6      
2.2.2. Over 1 and up to 2 years 17.1 -2.3 -0.1 3.6      
2.2.3. Over 2 years 1802.4 -41.8 -19.6 53.3      
2.3. Capital and reserves 34.0 -0.8 -1.7 -1.1 -20.3 -23.9 -22.5
2.4. Other liabilities 8) 203.9 3.8 3.2 -6.9 0.6 5.2 -2.2
2.5. Total liabilities 2269.5 -43.1 -23.7 67.1 -4.2 -5.0 -4.0
Notes:
  1. Consists of funds lent by FVCs to borrowers, including: (i) deposits placed with MFIs; (ii) loans granted to FVCs; (iii) claims under reverse repos or securities borrowing against cash collateral. It also includes securitisation of non-negotiable securities backed by the loan portfolio of MFIs.
  2. Refers to loans securitised through euro area FVCs which still remain on the MFI balance sheet, i.e. have not been derecognised. Derecognition of loans from the balance sheet of the MFI depends on the application of the relevant accounting rules.
  3. Holdings of debt securities other than 'shares and other equity', which are negotiable and usually traded on secondary markets. Holdings of securities issued by other euro area FVCs mainly comprise re-securitisations, i.e. securitisations of asset backed securities.
  4. Includes securitised assets other than loans and securities, such as trade and tax receivables.
  5. Refers to holdings of securitisation fund units issued by euro area FVCs.
  6. Includes: (i) financial derivatives (e.g. options, warrants, futures, credit default swaps) subject to on-balance-sheet recording according to national rules; (ii) fixed assets; and (iii) accrued interest on deposits and loans, securities other than shares and accrued rent on fixed assets.
  7. Includes the amounts owed to creditors by FVCs and consists of: (i) loans granted to the reporting FVCs; (ii) non-negotiable debt instruments issued by FVCs; and (iii) repos.
  8. Includes: (i) where applicable, any differences between the nominal amount of principal outstanding of securitised loans and the transaction value paid by the FVC in purchasing such loans; (ii) financial derivatives liabilities (e.g. options, warrants, futures, credit default swaps) subject to on-balance-sheet recording according to national rules; and (iii) accrued interest payable on loans and deposits and other amounts payable not related to the FVC's main business.

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  All time series for financial vehicle corporations