FINREP: F1.1. row 040 "other demand deposits"

Question

On the basis of the validation rules of template F1.1, row 040 is part of the sum of row 010 'cash and cash balances at central banks'. So one can assume that row 040 'other demand deposits' are deposits with central banks. However, the guidance in annex V part 2.3 (1.1 assets - § 3) stipulates that 'other demand deposits' includes balances receivable on demand with credit institutions. This seems contradictory to us. Please can you confirm whether row 040 of template F1.1, comprises 'other demand deposits' with central banks or with credit institutions.

European Banking Authority · Accepted Answer

As explained in Annex V. Part 2, paragraph 3 of the Draft ITS on Supervisory reporting Regulation (EU) No. 680/2014 (ITS on Supervisory Reporting) , "Other demand deposits" includes balances receivable on demand with credit institutions. "Cash" comprises "Cash on hand" (i.e. bank notes and coins) and "Demand deposits" (see IAS 7.6); in turn, demand deposits could be held at central banks or at credit institutions. Demand deposits at central banks should be reported as "Cash balances at central banks". Thus, demand deposits at credit institutions, as the remaining demand deposits after segregating the ones at central banks, should be reported as "Other demand deposits". * As of 28/09/2016 this answer was corrected

FINREP: F1.1. row 040 "other demand deposits"

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