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Dissemination Standards Bulletin Board Special Data Dissemination Standard (THE SUMMARY METHODOLOGY STATEMENT HAS BEEN PROVIDED BY LUXEMBOURG, WHICH IS SOLELY RESPONSIBLE FOR ITS ACCURACY AND COMPLETENESS. AT THE TIME OF POSTING, THE STATEMENT WAS REVIEWED BY THE IMF FOR CONSISTENCY WITH THE METADATA BASE PAGE DESCRIBING DISSEMINATION PRACTICES. SUBSCRIBERS ARE REQUIRED TO PROVIDE UPDATES TO THE STATEMENT, AS NEEDED, AND ARE EXPECTED TO MAKE OTHER IMPROVEMENTS, AS WARRANTED, TO ENHANCE TRANSPARENCY) Luxembourg Summary Methodology Analytical accounts of the central bank Last Posted: Oct-6-2009 Last Certified: Dec-29-2008 Last Updated: May-1-2006 Contact Person(s)          Printer Friendly Page   Mr Tom Bergh, Département Monétaire, économique et statistique, Banque centrale du Luxembourg, 2, boulevard Royal, Luxembourg L-2983   Phone : 352 4774 1   Fax : 352 4774 4290   Email : mes@bcl.lu    Mr. Roland Nockels, Département Monétaire, économique et statistique, Banque centrale du Luxembourg, 2, boulevard Royal, Luxembourg L-2983   Phone : 352 47 74 42 88   Fax : 352 47 74 49 20   Email : mes@bcl.lu

I. Analytical Framework, Concepts, Definitions, and Classifications

2.1.1 Concepts and definitions       End-month balance sheet data in millions of euro, covering all Monetary Financial Institutions (MFIs) excluding the Banque centrale du Luxembourg. Data disseminated include the Luxembourg contribution to euro-area M1, M2 and M3 as well as credit broken down by general government sector and private non-MFI sector. External positions of the MFI sector are presented as gross foreign claims and gross foreign liabilities. Claims on and liabilities to non-financial public enterprises are included in the non-government sector. 2.3.1 Classification/sectorization       The data classifications are based on the framework for accounting and financial reporting within the Eurosystem. For further details of classifications please see the press release (5 January 1999) on the ECB website (http://www.ecb.int) under item ‘Press releases /  ‘Weekly financial statements’.

II. Scope of the data

2.2.1 Scope Scope of the data       The balance sheet data refer to the Banque centrale du Luxembourg only. The Banque centrale du Luxembourg has no branches.

III. Accounting Conventions

2.4.1 Valuation       Accounting practices: Loans and deposits are valued at nominal value. On the liability side, securities are valued at their redemption value. On the asset side, Financial fixed assets are valued at purchase price, the Trading portfolio and the Structural portfolio are usually valued at the lower of cost or market method.          Valuation of foreign-currency-denominated instruments: All foreign currency items are converted into the euro by using the end of month exchange rates. 2.4.2 Recording basis       Accounting practices: Accounting is on a cash basis.

IV. Nature of the Basic Data Sources

3.1.1 Source data collection programs       The balance sheet is compiled from the NCB accounts.

V. Compilation Practices

3.3.2 Other statistical procedures       Seasonal adjustments are not used. 3.4.1 Validation of intermediate results       Data are checked for arithmetic errors and internal consistency.

VI. Other Aspects

Footnotes

Last posted: Date IMF staff last posted an update to these metadata on the DSBB.

Last certified: Date subscriber last officially certified the accuracy of these metadata.

Last updated: Date subscriber last submitted an update of these metadata to the IMF.