Reporting of (Internet) Savings deposit in template F08.01

First of all, it is important to remark that the question made by the submitter is quite open since they ask about how to report (Internet) Saving deposits with Households in template F 08.01 ‘Breakdown of financial liabilities by product and by counterparty sector’. The term “Saving deposits” could refer to deposits with different characteristics, even in the case they are contracted by the internet, and therefore they could be included in different rows within the ‘Breakdown of financial liabilities by product and by counterparty sector’ made in F 08.01. However, from the comments made by the submitter in the “Background on the question” it seems that they want to know how to report the (Internet) Saving deposits which are not transferable and for which there are no significant penalties or restrictions. Paragraph 97 of Part 2 of Annex V to Regulation (EU) 2021/451 states that “Deposits and the product breakdown shall be defined in accordance with the Table of Part 2 of Annex II to the ECB BSI Regulation.” According to Part 2.9.1 a) of Annex II to the ECB BSI Regulation “Balances (interest-bearing or not) which are immediately convertible into currency on demand or by close of business on the day following that on which the demand was made, without any significant penalty or restriction, but which are not transferable” must be classified as “Overnight deposits”. Therefore, in template F 08.01, (internet) saving deposits of households which are: i) not transferable and ii) redeemable at demand without significant penalties and restrictions, shall be reported as ‘Current accounts/overnights deposits’ (row 0320).