Aggregated balance sheet of euro area financial vehicle corporations

last update: 20/02/2014
(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 2013 Q2 2013 Q3 2013 Q4 2013 Q2 2013 Q3 2013 Q4 2013
1. Assets
1.1. Deposits and loan claims 1) 254.7 -15.4 -6.5 -13.6 -9.9 -11.0 -10.4
1.1.1. Of euro area monetary financial institutions 181.6 -7.9 -7.1 -11.6      
1.2. Securitised loans 1288.1 -16.9 -21.2 -33.5 -8.6 -6.1 -7.3
1.2.1. Originated by euro area monetary financial institutions 1002.8 -7.9 -10.6 -22.5      
1.2.1.1. Remaining on the monetary financial institutions' balance sheet 2) 443.0            
By borrowing sector
1.2.1.2. To euro area households 745.1 7.7 -1.5 -13.4      
1.2.1.3. To euro area non-financial corporations 204.8 -5.3 -9.5 -10.8      
1.2.1.4. To other euro area residents 21.0 -10.2 0.6 0.2      
1.2.1.5. To non-euro area residents 31.9 -0.1 -0.2 1.5      
1.2.2. Originated by euro area general government 3.1 -0.4 0.0 -0.4      
1.2.3. Originated by euro area other financial intermediaries, insurance corporations and pension funds 148.8 -1.6 -4.0 -9.2      
1.2.4. Originated by euro area non-financial corporations 20.0 -1.5 -4.2 0.8      
1.2.5. Originated by non-euro area residents 113.4 -5.5 -2.3 -2.1      
1.3. Securities other than shares 3) 179.6 1.1 -12.8 -0.4 -6.2 -5.7 -6.4
1.3.1. Issued by euro area monetary financial institutions 31.1 2.2 -4.0 0.4      
1.3.2. Issued by euro area non-monetary financial institutions 77.5 0.8 -0.9 -1.5      
1.3.2.1. Issued by euro area financial vehicle corporations 32.3 -0.1 -1.4 1.5      
1.3.3. Issued by non-euro area residents 71.1 -1.9 -7.9 0.7      
1.4. Other securitised assets 4) 89.7 2.6 -0.8 2.5 5.1 3.2 3.3
1.4.1. Originated by euro area general government 54.6 0.0 -0.1 0.0      
1.4.2. Originated by euro area non-financial corporations 20.6 1.5 -0.4 2.0      
1.5. Shares and other equity 34.5 -1.7 0.6 -0.2 -6.8 -1.7 -3.8
1.5.1. Issued by euro area financial vehicle corporations 5) 11.9 -1.6 -0.4 -0.3      
1.6. Other assets 6) 65.0 -3.0 1.1 -1.5 -21.3 -18.9 -10.5
1.7. Total assets 1910.7 -33.2 -39.7 -47.6 -8.4 -6.7 -7.3
2. Liabilities
2.1. Loans and deposits received 7) 117.0 -12.2 -4.0 -7.4 -13.7 -13.4 -15.5
2.1.1. From euro area financial vehicle corporations 33.6 -1.3 0.8 -2.0      
2.2. Debt securities issued 1536.4 -15.7 -35.3 -40.5 -8.3 -6.5 -7.6
2.2.1. Up to 1 year 54.0 0.2 1.6 3.9      
2.2.2. Over 1 and up to 2 years 4.9 -0.9 -1.5 1.2      
2.2.3. Over 2 years 1477.5 -15.0 -35.3 -45.6      
2.3. Capital and reserves 28.6 -1.6 -0.7 0.5 -12.0 -10.5 -6.9
2.4. Other liabilities 8) 228.7 -3.7 0.3 -0.3 -4.9 -3.3 -0.1
2.5. Total liabilities 1910.7 -33.2 -39.7 -47.6 -8.4 -6.7 -7.3
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