SNB Updates Form for Reporting Mortgages to Finance Real Estate
SNB updated the survey form (HYPO_B) and related documentation for reporting, by banks, of the new mortgages to finance real estate in Switzerland. The survey covers general characteristics of loan, individual tranches, and real estate. The survey is conducted on a quarterly basis, with a submission deadline of 40 days. The survey form is valid from March 31, 2019.
For this purpose, the new loans to finance real estate in Switzerland include financing the acquisition of a property, replacing a loan with another lender, or financing the construction of a property. The key updates are as follows:
- Adjustments in the survey statements and the consistency rules based on the reporting facilities communicated to the Banking Statistics Commission on December 06, 2018
- Additional explanations in the document titled “Examples and Frequently Asked Questions”
- Minor changes to the consistency rules in the survey tool
Related Links (in German)
Keywords: Europe, Switzerland, Banking, Reporting, Mortgage, HYPO_B, SNB
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