Clarification regarding the granularity of minimum reserve deposits at central banks reported to AnaCredit
Should instruments which serve as minimum reserve deposits at central banks be reported at the granular level, or should the amount be reported as one single instrument even though there are separate assets within the account and the interest rate varies between the assets?
Given that deposits held at central banks are subject to AnaCredit reporting and that Section 4.1.2 of Part I of the AnaCredit Manual clarifies that instruments are “a specific instance of credit arising under a contract, with specified characteristics, enabling the debtor to receive from the creditor funds to an amount or value regulated in the contract”, the main distinction is made based on whether the deposits are held in one or several accounts at the central bank.
If the funds are placed in separate accounts at the central bank, the deposits are reported as separate instruments in AnaCredit. If the funds are placed under the same account, they typically constitute one instrument in AnaCredit whereby the interest rate is reported considering the additional clarifications provided in Section 4.4.1 on page 65 of Part II of the AnaCredit Manual.