Bundesbank updated AnaCredit reporting requirements for banks, with reference to the Notice 8001/2020. The reports are to be submitted to Bundesbank by credit institutions resident in Germany and by German branches of credit institutions that are resident abroad. The reports are to be submitted electronically, via the Bundesbank ExtraNet, in accordance with the prescribed reporting templates from Bundesbank.
In general, reporting agents are expected to submit the following data to Bundesbank (Article 6(1) in conjunction with Annex I of Regulation (EU) 2016/867):
- Counterparty reference data. This data is to be reported once only, upon the counterparty entering into a contract registered in AnaCredit, and are to be re-submitted each time there is a change to one or more records’ data attributes. If a change takes place to one or more of the data attributes, the reporting agent must report not only each of the altered data attributes but all data attributes relating to the counterparty reference dataset record.
- Static credit data. This data is to be submitted once only, upon registration of the instrument in AnaCredit or upon receipt of any protection as security, and is to be re-submitted each time there is a change to one or more data attributes. If a change takes place to one or more of the data attributes, the reporting agent must report not only each of the altered data attributes but all data attributes relating to that static credit data record in respect of Instrument data, Counterparty-instrument data, and Protection received data
- Dynamic credit data. This concerns the reporting of dynamic credit data that are to be transmitted on a monthly basis. These data include financial data, joint liabilities data, instrument-protection received data, counterparty risk data, and counterparty default data.
- Accounting data. Other data that is to be submitted on a quarterly basis include accounting data.
Keywords: Europe, Germany, Banking, AnaCredit, Reporting, Bundesbank
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