Project finance loan (Projektfinanzierungskredit)

Definition: Project finance loan. Identification of project finance This data attribute is defined at the instrument level for the purposes of identification of project finance loans. Table 16 Indication of the instrument dataset reported as of 31 December Reporting reference date Observed agent identifier Contract identifier Instrument identifier Type of instrument Inception date Settlement date 31/12/2018 BANK#A CNTRT#1 LOAN#1 Credit line other than revolving credit 25/11/2018 12/12/2018 Table 17 Indication of the financial dataset reported as of 31 December Reporting reference date Observed agent identifier Contract identifier Instrument identifier Outstanding nominal amount 31/12/2018 BANK#A CNTRT#1 LOAN#1 225,000.00 In January CUST#1 does not pay CPTY#2 for the delivery of goods and the letter of credit becomes payable. Consequently, an amount of €145,000 is paid under the guarantee by Bank#A to the beneficiary (CPTY#2) on 27 January 2019. Upon the payment by Bank#A under the guarantee, CUST#1 has an obligation to reimburse Bank#A. In this connection, Bank#A recognises the obligation as an instrument reportable to AnaCredit. Bank#A determines that the newly recognised instrument (LOAN#GUA#2), which in fact arises from off-balance-sheet transactions, meets the definition of “Other loans”. To reflect this, a record of the instrument dataset concerning LOAN#GUA#2 is reported to AnaCredit as of 31 January. Table 18 Indication of the instrument dataset reported after the guarantee is called Reporting reference date Observed agent identifier Contract identifier Instrument identifier Type of instrument Inception date Settlement date 31/01/2019 BANK#A CNTRT#1 LOAN#GUA#2 Other loans 25/11/2018 27/01/2019 After the guarantee is called, two instruments are reported in relation to the debtor (CUST#1). This is illustrated in the financial dataset (Table 19). Table 19 Indication of the financial dataset reported after the guarantee is called Reporting reference date Observed agent identifier Contract identifier Instrument identifier Outstanding nominal amount 31/01/2019 BANK#A CNTRT#1 LOAN#01 225,000.00 31/01/2019 BANK#A CNTRT#1 LOAN#GUA#2 145,000.00 Please note that before the guarantee is called, the guarantee constitutes an off-balance- sheet exposure and is not subject to reporting. However, after the guarantee is called and the guaranteed amount paid by the bank, the customer’s obligation to reimburse the payment to the bank is recognised as an instrument reportable to AnaCredit. The fact that the customer (CUST#1) acts as debtor to the instrument is covered in the counterparty-instrument dataset (not shown in this example). 28 February 2017 AnaCredit Reporting Manual – Part II – Datasets and data attributes In particular, the “project finance loan” data attribute includes loans that meet the characteristics of specialised lending exposures as defined in Article 147(8) of Regulation (EU) No 575/2013 of the European Parliament of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (hereinafter referred to as “the CRR”). Please note that project finance includes object/asset-based finance on the conditions that: • the loan is granted to an entity which was created specifically to finance or operate physical assets or is an economically comparable loan; • the contractual arrangements give the creditor a substantial degree of control over the assets and the income that they generate; • the primary source of repayment of the obligation is the income generated by the assets being financed, rather than the independent capacity of a broader commercial enterprise. Project finance may take the form of financing of the construction of a new capital installation, or refinancing of an existing installation, with or without improvements. In such transactions, the creditor is usually paid solely or almost exclusively out of the money generated by the contracts for the facility's output, such as the electricity sold by a power plant. The debtor is usually a special purpose entity (SPE) that is not permitted to perform any function other than developing, owning and operating the installation. The consequence is that repayment depends primarily on the project's cash flow and on the collateral value of the project's assets. More details regarding project finance loans are provided in Part III of the Manual.

Values: For each instrument reported to AnaCredit, one of the two values is reported. Project finance loan The value “project finance loan” is to be used if the instrument is a project finance loan in accordance with Part 2 of Annex V to the ITS. Project finance loans are a form of financing that is recovered solely from the income of the project financed. Although this form of financing can regard any of the types of instruments, it is typically relevant for “credit lines other than revolving credit”. This financing may be also provided as “revolving credit other than overdrafts and credit card debt”. In the context of AnaCredit, project finance loans also include object/asset-based finance. In such cases, the financed object is reported as a protection item in the protection received dataset. The type of protection to be reported for this protection item depends on the type of object that is financed by the project finance loan; in most cases, the type of protection is “other physical collaterals”. 28 February 2017 AnaCredit Reporting Manual – Part II – Datasets and data attributes Non-project finance loan For instruments which are not project finance loans, the data attribute is reported as “non-project finance loan”. Please note that finance leases are not project finance loans.

Definition: Project finance loan. Identification of project finance This data attribute is defined at the instrument level for the purposes of identification of project finance loans. Table 16 Indication of the instrument dataset reported as of 31 December Reporting reference date Observed agent identifier Contract identifier Instrument identifier Type of instrument Inception date Settlement date 31/12/2018 BANK#A CNTRT#1 LOAN#1 Credit line other than revolving credit 25/11/2018 12/12/2018 Table 17 Indication of the financial dataset reported as of 31 December Reporting reference date Observed agent identifier Contract identifier Instrument identifier Outstanding nominal amount 31/12/2018 BANK#A CNTRT#1 LOAN#1 225,000.00 In January CUST#1 does not pay CPTY#2 for the delivery of goods and the letter of credit becomes payable. Consequently, an amount of €145,000 is paid under the guarantee by Bank#A to the beneficiary (CPTY#2) on 27 January 2019. Upon the payment by Bank#A under the guarantee, CUST#1 has an obligation to reimburse Bank#A. In this connection, Bank#A recognises the obligation as an instrument reportable to AnaCredit. Bank#A determines that the newly recognised instrument (LOAN#GUA#2), which in fact arises from off-balance-sheet transactions, meets the definition of “Other loans”. To reflect this, a record of the instrument dataset concerning LOAN#GUA#2 is reported to AnaCredit as of 31 January. Table 18 Indication of the instrument dataset reported after the guarantee is called Reporting reference date Observed agent identifier Contract identifier Instrument identifier Type of instrument Inception date Settlement date 31/01/2019 BANK#A CNTRT#1 LOAN#GUA#2 Other loans 25/11/2018 27/01/2019 After the guarantee is called, two instruments are reported in relation to the debtor (CUST#1). This is illustrated in the financial dataset (Table 19). Table 19 Indication of the financial dataset reported after the guarantee is called Reporting reference date Observed agent identifier Contract identifier Instrument identifier Outstanding nominal amount 31/01/2019 BANK#A CNTRT#1 LOAN#01 225,000.00 31/01/2019 BANK#A CNTRT#1 LOAN#GUA#2 145,000.00 Please note that before the guarantee is called, the guarantee constitutes an off-balance- sheet exposure and is not subject to reporting. However, after the guarantee is called and the guaranteed amount paid by the bank, the customer’s obligation to reimburse the payment to the bank is recognised as an instrument reportable to AnaCredit. The fact that the customer (CUST#1) acts as debtor to the instrument is covered in the counterparty-instrument dataset (not shown in this example). 28 February 2017 AnaCredit Reporting Manual – Part II – Datasets and data attributes In particular, the “project finance loan” data attribute includes loans that meet the characteristics of specialised lending exposures as defined in Article 147(8) of Regulation (EU) No 575/2013 of the European Parliament of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (hereinafter referred to as “the CRR”). Please note that project finance includes object/asset-based finance on the conditions that: • the loan is granted to an entity which was created specifically to finance or operate physical assets or is an economically comparable loan; • the contractual arrangements give the creditor a substantial degree of control over the assets and the income that they generate; • the primary source of repayment of the obligation is the income generated by the assets being financed, rather than the independent capacity of a broader commercial enterprise. Project finance may take the form of financing of the construction of a new capital installation, or refinancing of an existing installation, with or without improvements. In such transactions, the creditor is usually paid solely or almost exclusively out of the money generated by the contracts for the facility's output, such as the electricity sold by a power plant. The debtor is usually a special purpose entity (SPE) that is not permitted to perform any function other than developing, owning and operating the installation. The consequence is that repayment depends primarily on the project's cash flow and on the collateral value of the project's assets. More details regarding project finance loans are provided in Part III of the Manual.

Values: For each instrument reported to AnaCredit, one of the two values is reported. Project finance loan The value “project finance loan” is to be used if the instrument is a project finance loan in accordance with Part 2 of Annex V to the ITS. Project finance loans are a form of financing that is recovered solely from the income of the project financed. Although this form of financing can regard any of the types of instruments, it is typically relevant for “credit lines other than revolving credit”. This financing may be also provided as “revolving credit other than overdrafts and credit card debt”. In the context of AnaCredit, project finance loans also include object/asset-based finance. In such cases, the financed object is reported as a protection item in the protection received dataset. The type of protection to be reported for this protection item depends on the type of object that is financed by the project finance loan; in most cases, the type of protection is “other physical collaterals”. 28 February 2017 AnaCredit Reporting Manual – Part II – Datasets and data attributes Non-project finance loan For instruments which are not project finance loans, the data attribute is reported as “non-project finance loan”. Please note that finance leases are not project finance loans.

Dieses Datenfeld dient der Identifizierung von Projektfinanzierungskrediten auf Instrumentenebene. Gemäß Anhang V Teil 2 Nr. 89 geänderte ITS sind Projektfinanzierungskredite Finanzierungen, bei denen die Rückzahlung allein aus den Erlösen des finanzierten Projekts erfolgt. Dies betrifft insbesondere Kredite, die die Merkmale von Spezialfinanzierungen im Sinne von Art. 147 Abs. 8 CRR erfüllen. Demnach gelten Finanzierungen als Spezialfinanzierungen, sofern – der Kredit gegenüber einer speziell zur Finanzierung oder zum Betrieb von Sachanlagen errichteten Einrichtung besteht oder ein wirtschaftlich vergleichbarer Kredit ist, – die vertraglichen Vereinbarungen dem Gläubiger einen erheblichen Einfluss auf die betreffenden Vermögenswerte und die durch diese erzielten Einkünfte verschaffen, – die Rückzahlung der Verpflichtung in erster Linie durch die mit den finanzierten Vermögenswerten erzielten Einkünfte finanziert wird und nicht durch die Zahlungsfähigkeit eines größeren Wirtschaftsunternehmens. Projektfinanzierungen können zur Finanzierung des Baus neuer Anlagen oder der Modernisierung bestehender Anlagen gewährt werden. Bei solchen Transaktionen wird der Gläubiger in der Regel ausschließlich oder überwiegend mit Mitteln bezahlt, die aus Verträgen über die Produktionsleistung der Einrichtung (z. B. Stromverkauf durch Stromversorger) generiert werden. Die Schuldner sind üblicherweise Zweckgesellschaften, die außer der Entwicklung, dem Besitz und dem Betrieb der betreffenden Einrichtung keine weitere Funktion wahrnehmen dürfen. Dementsprechend hängt die Rückzahlung wesentlich vom Cashflow des Projekts und vom Sicherheitswert der Projektaktiva ab. Projektfinanzierungen umfassen auch Objektfinanzierungen/Asset-Based Finance, sofern die oben genannten Bedingungen erfüllt sind. In diesem Fall wird das finanzierte Objekt in der Tabelle Daten empfangener Sicherheiten als Sicherungsgegenstand aufgeführt. Der Eintrag im Datenfeld Art Deutsche Bundesbank Statistik Richtlinien Januar 2026 6.87 Kreditdaten- statistik der Sicherheit hängt von der Art des Objekts ab, für das der Projektfinanzierungskredit gewährt wird; in den meisten Fällen wird „sonstige Sachsicherheiten“ angegeben. Grundsätzlich können zwar alle Instrumentenarten zur Projektfinanzierung genutzt werden, in der Regel handelt es sich bei Projektfinanzierungskrediten aber um „Kreditlinien außer revolvierende Kredite“ oder auch „revolvierende Kredite (außer Überziehungs- und Kreditkartenkredite)“. Finanzierungsleasings zählen nicht als Projektfinanzierungskredite. Es ist einer der folgenden Werte anzugeben. Projektfinanzierungskredit Nicht-Projektfinanzierungskredit