- branch
means ‘branch’ as defined in Article 4(1)(17) of Regulation (EU) No 575/2013;
- credit institution
means ‘credit institution’ as defined in Article 4(1)(1) of Regulation (EU) No 575/2013;
- deposit-taking corporations except central banks
means any of the following:
- derecognition
means the removal of a loan or part thereof from the outstanding amounts reported in accordance with Parts 2 and 3 of Annex I;
- electronic money
means ‘electronic money’ as defined in Article 2(2) of Directive 2009/110/EC;
- electronic money institution
means ‘electronic money institution’ as defined in Article 2(1) of Directive 2009/110/EC of the European Parliament and of the Council;
- FVC
means ‘financial vehicle corporation’ as defined in Article 1 of Regulation (EU) No 1075/2013 of the European Central Bank (ECB/2013/40);
- loan loss provisions
means allowances set aside by the reporting agent for loan losses in accordance with applicable accounting practices;
- loan transfer
means an acquisition or disposal by the reporting agent of a loan or pool of loans, achieved either by transfer of ownership or by sub-participation;
- merger
means an operation whereby one or more institutions (the acquired institutions), on being dissolved without going into liquidation, transfer all their assets and liabilities to another institution (the acquiring institution), which may be a newly established institution.
- monetary financial institution
(MFI) means an entity that belongs to one of the following sectors:
- non-MFI credit institution
means a credit institution the business of which does not consist of the activities referred to in Article 4(1)(1)(a) of Regulation (EU) No 575/2013;
- notional cash pooling
means cash pooling arrangements provided by an MFI or MFIs to a group of entities (‘pool participants’) where the interest to be paid or received by the MFI is calculated on the basis of a ‘notional’ net position of all accounts in the pool and where each pool participant:
- own holdings of securities
means securities held by the issuing reporting agent, resulting from either of the following:
- relevant NCB
means the national central bank of the euro area Member State in which the reporting agent is resident;
- reporting agents
means ‘reporting agents’ as defined in Article 1(2) of Regulation (EC) No 2533/98;
- resident
means ‘resident’ as defined in Article 1(4) of Regulation (EC) No 2533/98;
- securitisation
means a transaction that is either a traditional securitisation as defined in Article 2(9) of Regulation (EU) 2017/2402 of the European Parliament and of the Council, or a securitisation as defined in Article 1(2) of Regulation (EU) No 1075/2013 (ECB/2013/40) in which there is a disposal of the loans being securitised to an FVC;
- servicer
means an MFI which manages loans underlying a securitisation or loans that have otherwise been transferred in terms of the collection of principal and interest from the obligors;
- tail institution
means an MFI that has been granted a derogation pursuant to Article 9(1) and (2), or a non-MFI credit institution that has been granted a derogation pursuant to Article 9(5)(a);
- write-down
means the direct reduction of the carrying amount of a loan on the balance sheet due to its impairment;
- write-off
means a write-down of the full carrying amount of a loan leading to its removal from the balance sheet;