Legislation

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P

• Periodic Report to the Banco de España 
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  • Capital, capital requirements and large risks 3/2008.122ª. DT14ª   
  • Financial conglomerates and mixed groups 
    • Composition of the conglomerate or mixed group 3/2008.124ª.3   
    • Obligation to submit information and reports 3/2008.121ª.1   
    • Sending of additional information 3/2008.124ª.4   
    • Submission frequency of information on Capital Adequacy 3/2008.124ª.2   
  • General provisions 
    • Authority of the BE to demand other information 3/2008.121ª.1   
    • BE consignee department of the statements CBE Nª121ª.6. DT 14ª.   
    • Creation of an ancillary statement 3/2008.121ª.2   
    • Electronic transmission and electronic signature 3/2008.121ª.7   
    • Financial Conglomerates 3/2008.121ª.1   
    • Information requested on statements concerning the nature of the balance, flow or regarding foreign currencies 3/2008.121.5   
    • Obligation to submit periodic reports on solvency 3/2008.121ª.1   
    • Statement reference date 3/2008.121ª.3   
    • Statements with no contents or data not applicable to the declarant institution 3/2008.121ª.4   
    • Supervisor guidelines on reporting requirements 3/2008.121ª.2   
  • Interest rate risk in the banking book 
    • Interest or cancellation options in activities not to do with the trading portfolio 3/2008.123ª.2 a 6   
    • Internal estimates of interest rate risk in activities that are not to do with the trading portfolio 3/2008.123ª.1.2.4.5.6   
    • Periodicity with which statements should be submitted 3/2008.123ª.4. DT 14ª   
    • Positions sensitive to interest rates in activities not to do with the trading portfolio 3/2008.123ª.2 a 6   
• Preference Shares 
  • Also see 
    • "Capital Composition" 
• Preferential interest rates Circular 8/1990.1.ª 1a) 2,8.ª,An.I   
• Presentation of statements and other information in the Banco de España Circular 4/2004.DA1.ª   
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  • Care in drawing up confidential financial statements 4/2004.DA1.ª7   
  • Deadlines and frequencies of financial statements 4/2004.DA1.ª2   
  • Electronic presentation of financial statements 4/2004.DA1.ª6   
  • Expression of the quantities in thousand of euros (rounded up) 4/2004.DA1.ª5   
  • Mandatory compliance for credit institutions 4/2004.DA1.ª1   
  • Prohibition to modify the established formats 4/2004.DA1.ª4   
  • Submission of actuarial reports of the commitments and risks from pensions hedged by pension funds 4/2004.DA1.ª11   
  • Submission of budget or business plan 4/2004.DA1.ª12   
  • Submission of financial statements by third parties 4/2004.DA1.ª3   
  • Submission of individual and consolidated accounts with their corresponding management audit reports 4/2004.DA1.ª8   
  • Submission of individual and consolidated annual accounts of foreign credit entity branches 4/2004.DA1.ª8   
  • Submission of the consolidated accounts of the widest group to which the institutions belong 4/2004.DA1.ª10   
  • Also see  
    • "Accountancy in Credit Institutions" 
• Price Risk (Trading Portfolio Risk) 
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  • Calculation of the net position in a financial instrument and treatment of specific instruments 
    • Calculation of net position 
      • Compensation between consolidable groups and subgroups of net long and short positions in one same instrument 3/2008.86ª.5   
      • Consideration of financial instrument 3/2008.86ª.1   
      • Conversion of net positions into euros 3/2008.86ª.4   
      • Long, short and net position in an instrument 3/2008.86ª.2   
      • Own debt instruments held 3/2008.86ª.3   
    • Specific Instruments: Treatment 
      • Contracts of debt instrument interest rate futures, forward rate agreements (FRA) and forward purchase or sales commitments on debt instruments 3/2008.86ª.6   
      • Contracts on futures, options and options on futures based on stock market indices 3/2008.86ª.13   
      • Credit institutions not authorised to calculate the capital requirements by use of internal models 3/2008.86ª.11   
      • Financial swap operations 3/2008.86ª.7   
      • Liability balances for fixed-income operations with repurchase agreement 3/2008.86.12   
      • Operations insuring issues and public sales of shares 3/2008.86ª.14   
      • Options on interest rates, debt instruments, shares, share indices, financial futures, swaps and foreign currencies 3/2008.86ª.8   
      • Positions in credit derivatives in which protection has been purchased 3/2008.86ª.16   
      • Positions in credit derivatives in which protection has been sold 3/2008.86ª.15   
      • Purchase option certificates 3/2008.86.9   
      • Use of sensitivity models to calculate the value of positions, with prior authorisation from the BE. 3/2008.86.10   
  • Fixed income positions 
    • Calculation of capital requirements 3/2008.87ª.1   
    • General risk 
      • According to maturity 3/2008.87ª.2.3   
      • According to the duration 
        • Calculation of modified duration of each instrument 3/2008.87ª.5   
        • Calculation of the long and short weighted position according to the duration within each zone 3/2008.87ª.9   
        • Calculation of weighted position according to the duration of each instrument 3/2008.87ª.8   
        • Ccalculation of capital requirements 3/2008.87ª.10   
          • Classification of instruments according to their modified duration 3/2008.87ª.7   
          • Market value and calcualtion of the internal rate of return 3/2008.87ª.6   
        • Prioor authorisation from the BE 3/2008.87ª.4   
    • Specific risk 
      • General treatment 
        • Debt instruments 3/2008.87ª.12   
        • Determination of requirements 3/2008.87ª.11   
        • Guaranteed bonds: BE establishment of a specific risk 3/2008.87ª.13   
        • Higher weighting coefficient for instruments with special risks, required by the BE 3/2008.87ª.15   
        • Instruments issued by institutions when no external credit valuation is available from an eligible ECAI 3/2008.87ª.14   
      • Special treatment for positions hedged by credit derivatives 
        • 80% Compensation 3/2008.87ª.17   
        • Compensation of the hedged position and the position held in the credit derivative 3/2008.87ª.16   
        • Partial compensation 3/2008.87ª.18   
        • Prohibition of compensations 3/2008.87ª.19   
  • Investments or shares in CII included in the trading portfolio 
    • General positions 
      • Calculation of capital requirements 3/2008.89ª.1   
      • Non-compensation between underlying investments of a CII and other positions held by the credit institution 3/2008.89ª.4   
      • Requirements for positions in CIIs that do not fulfil the requirements 3/2008.89ª.3   
      • Requirements for positions in CIIs that fulfil the requirements 3/2008.89ª.2.   
    • Specific approaches for calculating capital requirements 
      • Use of exposures when daily information is available on the underlying investments of a CII 3/2008.89ª.8.   
      • Use of exposures when no daily knowledge is available on the underlying investments of a CII 3/2008.89ª.10.   
      • Use of information provided by third parties 3/2008.89ª.11   
      • Use of internal models 3/2008.89.9   
    • Specific approaches: Requirements for application 
      • Banco de España recognition of a CII from a third country made by a Member State 3/2008.89ª.7   
      • Positions in CIIs located in third countries, with prior authorisation from the Banco de España 3/2008.89ª.6   
      • Positions in CIIs originated by institutions formed or subject to supervision in the European Union 3/2008.89ª.5   
  • Positions in commodities 
    • Applicable approaches 
      • Choice and use of approaches CBE Nª90ª.15   
      • Extended maturities scale system 3/2008.90ª.24   
      • Maturities scale system 3/2008.90ª.16 a 21   
      • Simplified approach 3/2008.90ª.22.23   
    • Calculation of the net position in a commodity: General provisions 
      • Calculation of a position in a commodity 3/2008.90ª.2   
      • Compensation of long and short positions in one same commodity in credit institution groups and subgroups 3/2008.90ª.9   
      • Expression of the standard measurement unit 3/2008.90ª.3   
      • Inclusion of interest rate and currency risk 3/2008.90º.6   
      • Maturity of a short commodity position before the long position on the same commodity 3/2008.90ª.7   
      • Position in a commodity: Elements 3/2008.90ª.1   
      • Positions in gold or in derivates on gold 3/2008.90ª.4   
      • Positions in the same commodity 3/2008.90º.10   
      • Stock financing positions 3/2008.90ª.5   
      • Taking out a long (short) net position in one of the commodities 3/2008.90ª.8   
    • Specific Instruments: Treatment 
      • Commodity futures and foward commitment to buy or sell commodities 3/2008.90ª.11   
      • Commodity loan contract or contract with repurchase agreement 3/2008.90ª.14   
      • Commodity swaps 3/2008.90ª.12   
      • Options on commodities and purchase option certificates bound to commodities 3/2008.90ª.13   
  • Share and investment positions 
    • Calculation of capital requirements for general and specific price risk 3/2008.88ª.1   
    • Calculation of capital requirements for general risk 3/2008.88ª.3   
    • Calculation of capital requirements for specific risk 3/2008.88º.4   
    • Position exclusion 3/2008.88ª.2   
  • Also see  
    • "Internal Models Approach (Trading Portfolio Risk)" 
    • "Settlement and Delivery Risk (Trading Portfolio Risk)" 
• Public Debt Book-entry Market Circular 2/2007   
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  • Holders of Book-entry Account 2/2007.1.ª   
  • Managing Entities 2/2007.1.ª   
  • Secondary Market 2/2007.2.ª   
    • Operations 
      • Forward simple sale/purchase 2/2007.2.ª1   
      • Sale/purchases with a set date repurchase agreement 2/2007.2.ª1   
      • Sale/purchases with sight repurchase agreement 2/2007.2.ª1   
      • Simple sale/purchase in cash 2/2007.2.ª1   
      • Simultaneous operations 2/2007.2.ª1   
    • Operations between account holders 2/2007.2.ª3   
    • Operations between account holders and third parties 2/2007.2.ª4   
    • Trading date and value date 2/2007.2.ª2   
  • Segregation and reconstruction operations 2/2007.3.ª   
    • Features of the segregated principal and the segregated coupons 2/2007.3.ª3   
    • Institutions authorised to carry out operations 2/2007.3.ª1   
    • Segregation and reconstitution orders 2/2007.3.ª2   
  • Transparency and advertising in operations with third parties 2/2007.4.ª   
    • Advertising price quotations 2/2007.4.ª5   
    • Cash liquidations 2/2007.4.ª4   
    • Contract contents 2/2007.4.ª1   
    • Handover of a copy of the contract 2/2007.4.ª3   
    • Institution acting as commissioner 2/2007.4.ª2   
• Publication of exchange rates Circular 8/1990.1.ªbis   
• Publication of interest rates, fees and commissions Circular 8/1990.1.ª,5.ª,6.ª   
• Purchase of foreign bank notes and management of transfers abroad 
  • Also see 
    • Currency exchange bureaux