Transferred amount (Übertragener Betrag)

Definition: Transferred amount of the economic ownership of the financial asset. This data attribute captures the part of the outstanding nominal amount that has been transferred to another creditor. Please note that this data attribute refers to the amount transferred to third parties rather than amounts acquired from third parties. This data attribute is primarily relevant in the case of transferred instruments, and in particular transferred as part of a traditional securitisation scheme. 28 February 2017 AnaCredit Reporting Manual – Part II – Datasets and data attributes Transferred instruments are those that have been granted or acquired by the observed agent and legally transferred (sold) to third parties but are still subject to AnaCredit reporting vis-à-vis the observed agent because it retains the servicing rights of the instrument, regardless of whether the amount reported is in the balance sheet of the observed agent (i.e. independently of whether the instrument is entirely or partially recognised in the balance sheet).

Reporting qualification: This data attribute is always reported, i.e. there can be no derogations in respect of this data attribute.

Values: The transferred amount is reported in units of euro. General reporting instructions, specific cases and examples If an instrument is not transferred, i.e. if no amount of the instrument has been transferred, zero is reported under this data attribute. Otherwise, if an instrument is transferred, the transferred amount is a part of or the full outstanding nominal amount of the transferred instrument (as reported at a reporting reference date) rather than the amount transferred at the transfer date. In other words, at any reporting reference date, the transferred amount specifies the part of the outstanding nominal amount which is not held by the observed agent which transferred (the part of) the instrument. In any case, on a given reporting reference data, the amount reported in this data attribute does not exceed the outstanding nominal amount. The transferred amount includes the part(s) of the outstanding nominal amount that have been transferred prior to or at a reporting reference date, i.e. including all amounts transferred before a reporting reference date, and not only the amounts transferred after the previous reporting reference date. The transferred amount does not include the accrued interests. Regarding instruments that are fully transferred (sold) to a third party and which are no longer serviced by the observed agent, the observed agent generally does not report such instruments to AnaCredit any longer after the transfer date, irrespective of whether or not the transfer date is a quarter-end date. However, in the case of fully transferred instruments for which a write-off has occurred, the observed agent reports such instruments until the quarter-end date of the quarter in which the transfer takes place. “Rounding up” the reporting in this way is necessary in order to capture the amount received (the price) for the transfer of a written-off instrument. The amount received (i.e. the sale price) is in such cases considered to be recoveries and is reported in the data attribute “cumulative recoveries in default”. The transferred amount is the accumulated transferred amount 28 February 2017 AnaCredit Reporting Manual – Part II – Datasets and data attributes Please note that partially transferred instruments may be generally reported following one of the two broadly defined approaches: • the bank splits a partially transferred instrument into multiple parts which are then considered individual instruments upon the transfer; • the bank does not split a partially transferred instrument into parts and the partially transferred instrument continues to be just one instrument. Bank splits a partially transferred instrument into multiple parts In the case of a transferred instrument with multiple creditors (parts of the instrument held by two or more creditors, including the observed agent) where the observed agent actually perceives each transferred part as a separate instrument, each part is reported as an individual instrument accordingly. In fact, each of the transferred parts represents an instrument in its own right, with the observed agent reporting each part as long as it retains the servicing rights over the part (the observed agent does not act as creditor to this transferred part of the instrument), and the transferred amount equals the outstanding nominal amount reported for the part. If the instrument is not split because of a partial transfer to multiple creditors, the transferred amount of the instrument represents the total of all parts transferred, irrespective of the creditor to which instrument parts were transferred. However, regarding the non-transferred instrument part, where the observed agent acts as both creditor and servicer, the transferred amount is 0 (as this instrument part is not considered a transferred instrument). Bank does not split a partially transferred instrument into parts In cases where the partially transferred instrument is not split, the transferred amount of the instrument represents the total of all parts transferred irrespective of the creditor to which instrument parts were transferred. Generally, taking the perspective of the observed agent which has transferred an instrument to other creditors, where the observed agent continues to act as servicer of the instrument, all the creditors to which the parts of the instrument are transferred are in principle reported in the counterparty-instrument dataset. By contrast, taking the perspective of those creditors to whom the parts of the instrument are transferred, if they are observed agents for AnaCredit themselves, they report their parts of the transferred instrument. The following instruments are considered transferred regardless of the value in the data attribute “balance sheet recognition”: • traditional securitisations when the servicer is the observed agent; • other instruments sold, on condition that they remain serviced by the observed agent. All the transferees need to be recorded in the counterparty- instrument dataset as creditors to the instrument (in the case of a split of the original instrument they are recorded as creditors to the respective fully transferred instrument) 28 February 2017 AnaCredit Reporting Manual – Part II – Datasets and data attributes By contrast, the following instruments are in principle not considered as transferred: • instruments subject to synthetic securitisations; • instruments used as collateral to issue covered bonds; • fiduciary loans; • syndicated loans. Please note that syndicated loans are not considered as transferred instruments, because each member of a syndicated loan which is an observed agent in the context of AnaCredit reports only its own share in the syndicated loan. The reporting of accounting-related data in the case of transferred instruments As a general rule, although the instrument dataset tends to describe the instrument as a whole (e.g. the transferred amount is included in the outstanding nominal amount), the reporting of any accounting-related data (such as accrued interest, carrying amount, etc.) is restricted only to the part of the instrument (outstanding) which the observed agent recognises in its balance sheet. Any part of the instrument which is not recognised by the observed agent is excluded from all of the accounting-related data attributes (which go beyond the attributes in the accounting dataset) so as to remain in line with the accounting policies and the general ledger of the reporting institution. To that extent, it is the amount that was transferred itself which is always subject to reporting in the designated attribute of the AnaCredit financial dataset. Transferred amount for instruments in traditional securitisation The following stylised examples of the treatment of securitisation transactions within the AnaCredit framework serve as an illustration of how instruments transferred in a traditional securitisation are reported in the context of AnaCredit. To that extent, these examples deal with the general methodology of reporting for the individual transferred instruments rather than the specifics of securitisation transactions which are covered in Part III of the Manual dealing with the specifics of securitisation transactions. The transferred amount reflects the part of the outstanding nominal amount that has been physically (in terms of balance sheet recognition) transferred from one creditor to another or others. It is therefore the amount which was derecognised in the balance sheet of the transferor for the benefit of the transferee. Syndicated loans are not considered as transferred instruments The reporting of any accounting- related data (such as accrued interest, carrying amount, etc.) is restricted only to the part of the instrument (outstanding) which the observed agent recognises in its balance sheet 28 February 2017 AnaCredit Reporting Manual – Part II – Datasets and data attributes Example 10: Fully transferred loan to an financial vehicle corporation (FVC) in a securitisation transaction Credit institution Bank#A extends a loan Ins#1 to debtor Deb#1 on the basis of contract Con#A. On 15 October, Bank#A fully transfers the loan to an FVC (FVC#X) in traditional securitisation (true sale). Throughout the whole time considered, Bank#A acts as servicer. From the perspective of Bank#A as an observed agent, the reporting of the data is illustrated in Table 29 and Table 30 (before the transfer) and in Table 31 and Table 32 (after the transfer). Table 29 Indication of the financial dataset before the transfer Reporting reference date Observed agent identifier Contract identifier Instrument identifier Outstanding nominal amount Transferred amount 30/09/2018 BANK#A CON#A INS#1 50,000.00 0.00 Table 30 Indication of the counterparty-instrument dataset before the transfer Reporting reference date Observed agent identifier Contract identifier Instrument identifier Counterparty identifier Counterparty role 30/09/2018 BANK#A CON#A INS#1 BANK#A Creditor 30/09/2018 BANK#A CON#A INS#1 BANK#A Servicer 30/09/2018 BANK#A CON#A INS#1 DEB#1 Debtor Upon the true sale of the asset, FVC#X assumes the role of creditor of the instrument, while Bank#A ceases to act as creditor as reflected in Table 32. Table 31 Indication of the financial dataset after the transfer Reporting reference date Observed agent identifier Contract identifier Instrument identifier Outstanding nominal amount Transferred amount 31/10/2018 BANK#A CON#A INS#1 50,000.00 50,000.00 Table 32 Indication of the counterparty-instrument dataset after the transfer Reporting reference date Observed agent identifier Contract identifier Instrument identifier Outstanding nominal amount Transferred amount 31/10/2018 BANK#A CON#A INS#1 FVC#X Creditor 31/10/2018 BANK#A CON#A INS#1 BANK#A Servicer 31/10/2018 BANK#A CON#A INS#1 DEB#1 Debtor 31/10/2018 BANK#A CON#A INS#1 BANK#A Originator In this case, Bank#A continues servicing the instrument and, in light of the fact that FVC#X is not an observed agent, Bank#A continues the reporting even after the transfer of the instrument, with the transferred amount indicating that the entire outstanding nominal amount has been transferred to the FVC. Any payment received after the transfer affects both the outstanding nominal amount and transferred amount. For example, Table 33 gives an illustration of how a payment by Deb#1 of €1,000 on 29 November is reflected in both amounts. Table 33 Indication of the financial dataset after the transfer with payments received Reporting reference date Observed agent identifier Contract identifier Instrument identifier Outstanding nominal amount Transferred amount 30/11/2018 BANK#A CON#A INS#1 49,000.00 49,000.00 Bank#A continues to report the instrument as long as it meets the general criteria for reporting (including the threshold of €25,000 commitment of the debtor). The FVC, which is not an observed agent, does not report the instrument to AnaCredit at all, not even after the transfer. 28 February 2017 AnaCredit Reporting Manual – Part II – Datasets and data attributes Example 11: Partially transferred loan to an FVC in a securitisation transaction – bank does not split the instrument upon the transfer Credit institution Bank#A extends a loan Ins#1 to debtor Deb#1 on the basis of contract Con#A. On 15 October, Bank#A transfers 40% of the loan to an FVC (FCV#X) in traditional securitisation. Throughout the observed time period, Bank#A acts as servicer of the loan. From the perspective of Bank#A as an observed agent, the reporting of the data is illustrated in Table 29 and Table 30 above (the situation before the transfer) and in Table 34 and Table 35 below, where after the transfer Bank#A still considers Ins#1 as one instrument. Table 34 Indication of the financial dataset after the partial transfer Reporting reference date Observed agent identifier Contract identifier Instrument identifier Outstanding nominal amount Transferred amount 31/10/2018 BANK#A CON#A INS#1 50,000.00 20,000.00 Table 35 Indication of the counterparty-instrument dataset after the partial transfer Reporting reference date Observed agent identifier Contract identifier Instrument identifier Counterparty identifier Counterparty role 31/10/2018 BANK#A CON#A INS#1 BANK#A Creditor 31/10/2018 BANK#A CON#A INS#1 BANK#A Servicer 31/10/2018 BANK#A CON#A INS#1 DEB#1 Debtor 31/10/2018 BANK#A CON#A INS#1 FVC#X Creditor 31/10/2018 BANK#A CON#A INS#1 BANK#A Originator Bank#A continues the reporting after the transfer as it continues to service the instrument, whereas FVC#X is not an observed agent. However, both the FVC and the bank act as creditor of Ins#1. The transferred amount specifies the part of the outstanding which is not held by Bank#A (the originator) as it is held by the FVC. Any payment received after the transfer affects the outstanding nominal amount and, depending on the securitisation contract, may also affect the transferred amount. In this example, due to the absence of any particular provisions, payments are distributed pro rata in the transferred amount. For example, a payment by Deb#1 of €1,000 on 29 November 2018 is reflected in full in the outstanding nominal amount while only 40% of it (i.e. €400) affects the transferred amount. This is illustrated in Table 36. Table 36 Outstanding and transferred amounts after the partial transfer Reporting reference date Observed agent identifier Contract identifier Instrument identifier Outstanding nominal amount Transferred amount 30/11/2018 BANK#A CON#A INS#1 49,000.00 19,600.00 Bank#A continues to report the instrument as long as it meets the general criteria for reporting (including the threshold of €25,000 commitment of the debtor). The FVC, which is not an observed agent, does not report the instrument to AnaCredit at all, even after the transfer. 28 February 2017 AnaCredit Reporting Manual – Part II – Datasets and data attributes Example 12: Securitisation transaction – a loan partially transferred to an FVC – bank does not split the instrument upon the transfer On the basis of contract Con#A, Bank#A extends Ins#1 to debtor Deb#1. On 15 October, Bank#A transfers 40% of Ins#1 to an FVC (FVC#X) in a traditional securitisation. However, for reporting purposes Bank#A splits the partially transferred instrument into respective parts Ins#1#6 and Ins#1#4 which together replace the original instrument. Throughout the observed time period, Bank#A acts as servicer of the instrument as a whole. From the perspective of Bank#A as an observed agent, the reporting of the data is illustrated in Table 29 and Table 30 above (the situation before the transfer) and in Table 37 and Table 38 below (after the transfer). Table 37 Indication of the financial dataset after the partial transfer Reporting reference date Observed agent identifier Contract identifier Instrument identifier Outstanding nominal amount Transferred amount 31/10/2018 BANK#A CON#A INS#1#6 30,000.00 0.00 31/10/2018 BANK#A CON#A INS#1#4 20,000.00 20,000.00 Table 38 Indication of the counterparty-instrument dataset after the partial transfer Reporting reference date Observed agent identifier Contract identifier Instrument identifier Counterparty identifier Counterparty role 31/10/2018 BANK#A CON#A INS#1#6 BANK#A Creditor 31/10/2018 BANK#A CON#A INS#1#6 BANK#A Servicer 31/10/2018 BANK#A CON#A INS#1#6 DEB#1 Debtor 31/10/2018 BANK#A CON#A INS#1#4 FVC#X Creditor 31/10/2018 BANK#A CON#A INS#1#4 BANK#A Servicer 31/10/2018 BANK#A CON#A INS#1#4 DEB#1 Debtor 31/10/2018 BANK#A CON#A INS#1#4 BANK#A Originator Bank#A continues servicing both parts of Ins#1, and since FVC#X is not an observed agent, Bank#A reports two instruments in the instrument dataset. Ins#1#4 is the part of the instrument that is transferred (in which the FVC assumes the creditor’s role) and is treated as a fully transferred instrument for which a transferred amount matching the outstanding nominal amount is reported. Meanwhile, Ins#1#6 is the part that is not transferred and therefore 0 is reported as the transferred amount. For the purpose of this example, it is assumed that any payment received after the transfer affects both amounts proportionally. For example, a payment by Deb#1 of €1,000 on 29 November 2018 is taken pro rata and reduces the outstanding nominal amount of Ins#1#6 by €600 and the outstanding nominal amount of Ins#1#4 by €400. In relation to Ins#1#4, the payment is also reflected in the transferred amount. This is illustrated in Table 39. Table 39 Outstanding and transferred amounts after the partial transfer Reporting reference date Observed agent identifier Contract identifier Instrument identifier Outstanding nominal amount Transferred amount 30/11/2018 BANK#A CON#A INS#1#6 29,400.00 0.00 30/11/2018 BANK#A CON#A INS#1#4 19,600.00 19,600.00 Bank#A continues to report the split parts of the instrument as long as they together meet the general criteria for reporting. Because the FVC is not an observed agent, it does not report the instrument to AnaCredit at all, even after the transfer. 28 February 2017 AnaCredit Reporting Manual – Part II – Datasets and data attributes Transferred amount for sold instruments Please consider the following stylised examples for an illustration of how the transferred amount is reported for sold (not securitised) instruments. Example 13: Sale of a non-performing loan to a third party (servicing stops) Credit institution Bank#B extends a non-performing loan Ins#3 to debtor Deb#3 on the basis of contract Con#7. On 15 October Bank#B entirely sells off the loan to a third party buyer (BUYER#T) for a fraction (i.e. 15%) of its nominal amount, and at the same time Bank#B writes off the remaining part of the loan. Bank#B ceases to act as servicer of the loan after the sale. From the perspective of Bank#B as an observed agent, the reporting before the sale is analogous to the case illustrated in Example 10 above and is not shown here. After the sale, Bank#B acts as neither creditor nor servicer of Ins#3, but, owing to the fact that a write-off occurs, Bank#B reports Ins#3 until the end of the quarter (i.e. until 31 December 2018). The after-sale reporting is illustrated in Table 40 and Table 41. Table 40 Indication of the financial dataset after the sale Reporting reference date Observed agent identifier Contract identifier Instrument identifier Outstanding nominal amount Transferred amount 31/10/2018 BANK#B CON#7 INS#3 100,000.00 100,000.00 Please note that at the moment of sale, BUYER#T acquires the ownership of the instrument and assumes the roles of creditor and servicer while Bank#B ceases to act as creditor. This is reflected in the counterparty-instrument dataset. Table 41 Indication of the counterparty-instrument dataset after the sale Reporting reference date Observed agent identifier Contract identifier Instrument identifier Counterparty identifier Counterparty role 31/10/2018 BANK#B CON#7 INS#3 BUYER#T Creditor 31/10/2018 BANK#B CON#7 INS#3 BUYER#T Servicer 31/10/2018 BANK#B CON#7 INS#3 DEB#3 Debtor Bank#B continues reporting the instrument until 31 December 2018, with the values as reported on 31 October 2018 being repeated as of 30 November and 31 December 2018. Thereafter, Bank#B stops reporting Ins#3. Please note that the obligation to report Ins#3 after the sale exists irrespective of whether or not the buyer is a credit institution and is triggered by the instrument being subject to a write-off. The reporting of the outstanding nominal amount, the transferred amount and the accumulated write-offs in the extended period are presented in Table 42. Table 42 Indication of the accounting dataset after the sale Reporting reference date Observed agent identifier Contract identifier Instrument identifier Accumulated write-offs 31/12/2018 BANK#B CON#7 INS#3 85,000.00 Please note that accumulated write-offs, which are part of the accounting dataset, are reported only as of quarter-ends. Therefore, the information that €85,000 has been written off is reported to AnaCredit only as of 31 December 2018, as no reporting of the accounting dataset takes place for October and November. Please note that if Bank#B continued to service the instrument after the sale, then Bank#B would report the instrument beyond 2018, if BUYER#T if not a credit institution. 28 February 2017 AnaCredit Reporting Manual – Part II – Datasets and data attributes Example 14: Purchase of a non-performing loan by an observed agent In line with description of Example 13 above, on 15 October credit institution CI#2 purchases from Bank#B a non-performing loan (Loan#10) which was extended by Bank#B to debtor Deb#3 on the basis of contract Con#7. The purchase price amounts to a fraction (i.e. 15%) of the loan’s outstanding nominal amount (€100,000 throughout the whole period considered). At the purchase date, CI#2 becomes the sole creditor and servicer of Loan#10, i.e. Bank#B ceases to act as servicer of the loan after the sale. From the perspective of CI#2 as an observed agent, CI#2 reports Loan#10 irrespective of whether Bank#2 still reports the sold instrument to AnaCredit. In particular, CI#2 reports the instrument dataset, with the difference between the outstanding nominal amount and the purchase price of the instrument at the purchase date being reported. This difference amounts to €85,000. This is illustrated in Table 43. Table 43 Indication of the instrument dataset after the purchase Reporting reference date Observed agent identifier Contract identifier Instrument identifier Fair value changes due to changes in credit risk before purchase 31/10/2018 CI#2 CON#7 LOAN#10 85,000.00 Table 44 and Table 45 provide information about the transferred amount (0) and about the counterparties involved in the instrument. While the instrument dataset is – as long as no changes occur – reported only as of 31 October, both the financial and the counterparty-instrument datasets are reported (with the same values) also in November and December (not shown). Table 44 Indication of the financial dataset after the purchase Reporting reference date Observed agent identifier Contract identifier Instrument identifier Outstanding nominal amount Transferred amount 31/10/2018 CI#2 CON#7 LOAN#10 100,000.00 0.00 Table 45 Indication of the counterparty-instrument dataset after the purchase Reporting reference date Observed agent identifier Contract identifier Instrument identifier Counterparty identifier Counterparty role 31/10/2018 CI#2 CON#7 LOAN#10 CI#2 Creditor 31/10/2018 CI#2 CON#7 LOAN#10 CI#2 Servicer 31/10/2018 CI#2 CON#7 LOAN#10 DEB#3 Debtor CI#2 recognises the loan in its balance sheet and issues for the instrument an impairment amount of €85,000 which is established in conformity with the applicable accounting rules (assumed to be the IFRS). Note that since CI#2 has not written off any amount of the loan since the purchase, € 0 is reported for the accumulated write-offs. This is illustrated in Table 46. Table 46 Indication of the accounting dataset after the purchase Reporting reference date Observed agent identifier Contract identifier Instrument identifier Type of impairment Accumulated impairment amount Carrying amount Accumulated write-offs 31/12/2018 CI#2 CON#A LOAN#10 Stage 3 (IFRS) 85,000.00 15,000.00 0.00 Please note that the accounting dataset is reported only as of quarter-ends. 28 February 2017 AnaCredit Reporting Manual – Part II – Datasets and data attributes

Definition: Transferred amount of the economic ownership of the financial asset. This data attribute captures the part of the outstanding nominal amount that has been transferred to another creditor. Please note that this data attribute refers to the amount transferred to third parties rather than amounts acquired from third parties. This data attribute is primarily relevant in the case of transferred instruments, and in particular transferred as part of a traditional securitisation scheme. 28 February 2017 AnaCredit Reporting Manual – Part II – Datasets and data attributes Transferred instruments are those that have been granted or acquired by the observed agent and legally transferred (sold) to third parties but are still subject to AnaCredit reporting vis-à-vis the observed agent because it retains the servicing rights of the instrument, regardless of whether the amount reported is in the balance sheet of the observed agent (i.e. independently of whether the instrument is entirely or partially recognised in the balance sheet).

Reporting qualification: This data attribute is always reported, i.e. there can be no derogations in respect of this data attribute.

Values: The transferred amount is reported in units of euro. General reporting instructions, specific cases and examples If an instrument is not transferred, i.e. if no amount of the instrument has been transferred, zero is reported under this data attribute. Otherwise, if an instrument is transferred, the transferred amount is a part of or the full outstanding nominal amount of the transferred instrument (as reported at a reporting reference date) rather than the amount transferred at the transfer date. In other words, at any reporting reference date, the transferred amount specifies the part of the outstanding nominal amount which is not held by the observed agent which transferred (the part of) the instrument. In any case, on a given reporting reference data, the amount reported in this data attribute does not exceed the outstanding nominal amount. The transferred amount includes the part(s) of the outstanding nominal amount that have been transferred prior to or at a reporting reference date, i.e. including all amounts transferred before a reporting reference date, and not only the amounts transferred after the previous reporting reference date. The transferred amount does not include the accrued interests. Regarding instruments that are fully transferred (sold) to a third party and which are no longer serviced by the observed agent, the observed agent generally does not report such instruments to AnaCredit any longer after the transfer date, irrespective of whether or not the transfer date is a quarter-end date. However, in the case of fully transferred instruments for which a write-off has occurred, the observed agent reports such instruments until the quarter-end date of the quarter in which the transfer takes place. “Rounding up” the reporting in this way is necessary in order to capture the amount received (the price) for the transfer of a written-off instrument. The amount received (i.e. the sale price) is in such cases considered to be recoveries and is reported in the data attribute “cumulative recoveries in default”. The transferred amount is the accumulated transferred amount 28 February 2017 AnaCredit Reporting Manual – Part II – Datasets and data attributes Please note that partially transferred instruments may be generally reported following one of the two broadly defined approaches: • the bank splits a partially transferred instrument into multiple parts which are then considered individual instruments upon the transfer; • the bank does not split a partially transferred instrument into parts and the partially transferred instrument continues to be just one instrument. Bank splits a partially transferred instrument into multiple parts In the case of a transferred instrument with multiple creditors (parts of the instrument held by two or more creditors, including the observed agent) where the observed agent actually perceives each transferred part as a separate instrument, each part is reported as an individual instrument accordingly. In fact, each of the transferred parts represents an instrument in its own right, with the observed agent reporting each part as long as it retains the servicing rights over the part (the observed agent does not act as creditor to this transferred part of the instrument), and the transferred amount equals the outstanding nominal amount reported for the part. If the instrument is not split because of a partial transfer to multiple creditors, the transferred amount of the instrument represents the total of all parts transferred, irrespective of the creditor to which instrument parts were transferred. However, regarding the non-transferred instrument part, where the observed agent acts as both creditor and servicer, the transferred amount is 0 (as this instrument part is not considered a transferred instrument). Bank does not split a partially transferred instrument into parts In cases where the partially transferred instrument is not split, the transferred amount of the instrument represents the total of all parts transferred irrespective of the creditor to which instrument parts were transferred. Generally, taking the perspective of the observed agent which has transferred an instrument to other creditors, where the observed agent continues to act as servicer of the instrument, all the creditors to which the parts of the instrument are transferred are in principle reported in the counterparty-instrument dataset. By contrast, taking the perspective of those creditors to whom the parts of the instrument are transferred, if they are observed agents for AnaCredit themselves, they report their parts of the transferred instrument. The following instruments are considered transferred regardless of the value in the data attribute “balance sheet recognition”: • traditional securitisations when the servicer is the observed agent; • other instruments sold, on condition that they remain serviced by the observed agent. All the transferees need to be recorded in the counterparty- instrument dataset as creditors to the instrument (in the case of a split of the original instrument they are recorded as creditors to the respective fully transferred instrument) 28 February 2017 AnaCredit Reporting Manual – Part II – Datasets and data attributes By contrast, the following instruments are in principle not considered as transferred: • instruments subject to synthetic securitisations; • instruments used as collateral to issue covered bonds; • fiduciary loans; • syndicated loans. Please note that syndicated loans are not considered as transferred instruments, because each member of a syndicated loan which is an observed agent in the context of AnaCredit reports only its own share in the syndicated loan. The reporting of accounting-related data in the case of transferred instruments As a general rule, although the instrument dataset tends to describe the instrument as a whole (e.g. the transferred amount is included in the outstanding nominal amount), the reporting of any accounting-related data (such as accrued interest, carrying amount, etc.) is restricted only to the part of the instrument (outstanding) which the observed agent recognises in its balance sheet. Any part of the instrument which is not recognised by the observed agent is excluded from all of the accounting-related data attributes (which go beyond the attributes in the accounting dataset) so as to remain in line with the accounting policies and the general ledger of the reporting institution. To that extent, it is the amount that was transferred itself which is always subject to reporting in the designated attribute of the AnaCredit financial dataset. Transferred amount for instruments in traditional securitisation The following stylised examples of the treatment of securitisation transactions within the AnaCredit framework serve as an illustration of how instruments transferred in a traditional securitisation are reported in the context of AnaCredit. To that extent, these examples deal with the general methodology of reporting for the individual transferred instruments rather than the specifics of securitisation transactions which are covered in Part III of the Manual dealing with the specifics of securitisation transactions. The transferred amount reflects the part of the outstanding nominal amount that has been physically (in terms of balance sheet recognition) transferred from one creditor to another or others. It is therefore the amount which was derecognised in the balance sheet of the transferor for the benefit of the transferee. Syndicated loans are not considered as transferred instruments The reporting of any accounting- related data (such as accrued interest, carrying amount, etc.) is restricted only to the part of the instrument (outstanding) which the observed agent recognises in its balance sheet 28 February 2017 AnaCredit Reporting Manual – Part II – Datasets and data attributes Example 10: Fully transferred loan to an financial vehicle corporation (FVC) in a securitisation transaction Credit institution Bank#A extends a loan Ins#1 to debtor Deb#1 on the basis of contract Con#A. On 15 October, Bank#A fully transfers the loan to an FVC (FVC#X) in traditional securitisation (true sale). Throughout the whole time considered, Bank#A acts as servicer. From the perspective of Bank#A as an observed agent, the reporting of the data is illustrated in Table 29 and Table 30 (before the transfer) and in Table 31 and Table 32 (after the transfer). Table 29 Indication of the financial dataset before the transfer Reporting reference date Observed agent identifier Contract identifier Instrument identifier Outstanding nominal amount Transferred amount 30/09/2018 BANK#A CON#A INS#1 50,000.00 0.00 Table 30 Indication of the counterparty-instrument dataset before the transfer Reporting reference date Observed agent identifier Contract identifier Instrument identifier Counterparty identifier Counterparty role 30/09/2018 BANK#A CON#A INS#1 BANK#A Creditor 30/09/2018 BANK#A CON#A INS#1 BANK#A Servicer 30/09/2018 BANK#A CON#A INS#1 DEB#1 Debtor Upon the true sale of the asset, FVC#X assumes the role of creditor of the instrument, while Bank#A ceases to act as creditor as reflected in Table 32. Table 31 Indication of the financial dataset after the transfer Reporting reference date Observed agent identifier Contract identifier Instrument identifier Outstanding nominal amount Transferred amount 31/10/2018 BANK#A CON#A INS#1 50,000.00 50,000.00 Table 32 Indication of the counterparty-instrument dataset after the transfer Reporting reference date Observed agent identifier Contract identifier Instrument identifier Outstanding nominal amount Transferred amount 31/10/2018 BANK#A CON#A INS#1 FVC#X Creditor 31/10/2018 BANK#A CON#A INS#1 BANK#A Servicer 31/10/2018 BANK#A CON#A INS#1 DEB#1 Debtor 31/10/2018 BANK#A CON#A INS#1 BANK#A Originator In this case, Bank#A continues servicing the instrument and, in light of the fact that FVC#X is not an observed agent, Bank#A continues the reporting even after the transfer of the instrument, with the transferred amount indicating that the entire outstanding nominal amount has been transferred to the FVC. Any payment received after the transfer affects both the outstanding nominal amount and transferred amount. For example, Table 33 gives an illustration of how a payment by Deb#1 of €1,000 on 29 November is reflected in both amounts. Table 33 Indication of the financial dataset after the transfer with payments received Reporting reference date Observed agent identifier Contract identifier Instrument identifier Outstanding nominal amount Transferred amount 30/11/2018 BANK#A CON#A INS#1 49,000.00 49,000.00 Bank#A continues to report the instrument as long as it meets the general criteria for reporting (including the threshold of €25,000 commitment of the debtor). The FVC, which is not an observed agent, does not report the instrument to AnaCredit at all, not even after the transfer. 28 February 2017 AnaCredit Reporting Manual – Part II – Datasets and data attributes Example 11: Partially transferred loan to an FVC in a securitisation transaction – bank does not split the instrument upon the transfer Credit institution Bank#A extends a loan Ins#1 to debtor Deb#1 on the basis of contract Con#A. On 15 October, Bank#A transfers 40% of the loan to an FVC (FCV#X) in traditional securitisation. Throughout the observed time period, Bank#A acts as servicer of the loan. From the perspective of Bank#A as an observed agent, the reporting of the data is illustrated in Table 29 and Table 30 above (the situation before the transfer) and in Table 34 and Table 35 below, where after the transfer Bank#A still considers Ins#1 as one instrument. Table 34 Indication of the financial dataset after the partial transfer Reporting reference date Observed agent identifier Contract identifier Instrument identifier Outstanding nominal amount Transferred amount 31/10/2018 BANK#A CON#A INS#1 50,000.00 20,000.00 Table 35 Indication of the counterparty-instrument dataset after the partial transfer Reporting reference date Observed agent identifier Contract identifier Instrument identifier Counterparty identifier Counterparty role 31/10/2018 BANK#A CON#A INS#1 BANK#A Creditor 31/10/2018 BANK#A CON#A INS#1 BANK#A Servicer 31/10/2018 BANK#A CON#A INS#1 DEB#1 Debtor 31/10/2018 BANK#A CON#A INS#1 FVC#X Creditor 31/10/2018 BANK#A CON#A INS#1 BANK#A Originator Bank#A continues the reporting after the transfer as it continues to service the instrument, whereas FVC#X is not an observed agent. However, both the FVC and the bank act as creditor of Ins#1. The transferred amount specifies the part of the outstanding which is not held by Bank#A (the originator) as it is held by the FVC. Any payment received after the transfer affects the outstanding nominal amount and, depending on the securitisation contract, may also affect the transferred amount. In this example, due to the absence of any particular provisions, payments are distributed pro rata in the transferred amount. For example, a payment by Deb#1 of €1,000 on 29 November 2018 is reflected in full in the outstanding nominal amount while only 40% of it (i.e. €400) affects the transferred amount. This is illustrated in Table 36. Table 36 Outstanding and transferred amounts after the partial transfer Reporting reference date Observed agent identifier Contract identifier Instrument identifier Outstanding nominal amount Transferred amount 30/11/2018 BANK#A CON#A INS#1 49,000.00 19,600.00 Bank#A continues to report the instrument as long as it meets the general criteria for reporting (including the threshold of €25,000 commitment of the debtor). The FVC, which is not an observed agent, does not report the instrument to AnaCredit at all, even after the transfer. 28 February 2017 AnaCredit Reporting Manual – Part II – Datasets and data attributes Example 12: Securitisation transaction – a loan partially transferred to an FVC – bank does not split the instrument upon the transfer On the basis of contract Con#A, Bank#A extends Ins#1 to debtor Deb#1. On 15 October, Bank#A transfers 40% of Ins#1 to an FVC (FVC#X) in a traditional securitisation. However, for reporting purposes Bank#A splits the partially transferred instrument into respective parts Ins#1#6 and Ins#1#4 which together replace the original instrument. Throughout the observed time period, Bank#A acts as servicer of the instrument as a whole. From the perspective of Bank#A as an observed agent, the reporting of the data is illustrated in Table 29 and Table 30 above (the situation before the transfer) and in Table 37 and Table 38 below (after the transfer). Table 37 Indication of the financial dataset after the partial transfer Reporting reference date Observed agent identifier Contract identifier Instrument identifier Outstanding nominal amount Transferred amount 31/10/2018 BANK#A CON#A INS#1#6 30,000.00 0.00 31/10/2018 BANK#A CON#A INS#1#4 20,000.00 20,000.00 Table 38 Indication of the counterparty-instrument dataset after the partial transfer Reporting reference date Observed agent identifier Contract identifier Instrument identifier Counterparty identifier Counterparty role 31/10/2018 BANK#A CON#A INS#1#6 BANK#A Creditor 31/10/2018 BANK#A CON#A INS#1#6 BANK#A Servicer 31/10/2018 BANK#A CON#A INS#1#6 DEB#1 Debtor 31/10/2018 BANK#A CON#A INS#1#4 FVC#X Creditor 31/10/2018 BANK#A CON#A INS#1#4 BANK#A Servicer 31/10/2018 BANK#A CON#A INS#1#4 DEB#1 Debtor 31/10/2018 BANK#A CON#A INS#1#4 BANK#A Originator Bank#A continues servicing both parts of Ins#1, and since FVC#X is not an observed agent, Bank#A reports two instruments in the instrument dataset. Ins#1#4 is the part of the instrument that is transferred (in which the FVC assumes the creditor’s role) and is treated as a fully transferred instrument for which a transferred amount matching the outstanding nominal amount is reported. Meanwhile, Ins#1#6 is the part that is not transferred and therefore 0 is reported as the transferred amount. For the purpose of this example, it is assumed that any payment received after the transfer affects both amounts proportionally. For example, a payment by Deb#1 of €1,000 on 29 November 2018 is taken pro rata and reduces the outstanding nominal amount of Ins#1#6 by €600 and the outstanding nominal amount of Ins#1#4 by €400. In relation to Ins#1#4, the payment is also reflected in the transferred amount. This is illustrated in Table 39. Table 39 Outstanding and transferred amounts after the partial transfer Reporting reference date Observed agent identifier Contract identifier Instrument identifier Outstanding nominal amount Transferred amount 30/11/2018 BANK#A CON#A INS#1#6 29,400.00 0.00 30/11/2018 BANK#A CON#A INS#1#4 19,600.00 19,600.00 Bank#A continues to report the split parts of the instrument as long as they together meet the general criteria for reporting. Because the FVC is not an observed agent, it does not report the instrument to AnaCredit at all, even after the transfer. 28 February 2017 AnaCredit Reporting Manual – Part II – Datasets and data attributes Transferred amount for sold instruments Please consider the following stylised examples for an illustration of how the transferred amount is reported for sold (not securitised) instruments. Example 13: Sale of a non-performing loan to a third party (servicing stops) Credit institution Bank#B extends a non-performing loan Ins#3 to debtor Deb#3 on the basis of contract Con#7. On 15 October Bank#B entirely sells off the loan to a third party buyer (BUYER#T) for a fraction (i.e. 15%) of its nominal amount, and at the same time Bank#B writes off the remaining part of the loan. Bank#B ceases to act as servicer of the loan after the sale. From the perspective of Bank#B as an observed agent, the reporting before the sale is analogous to the case illustrated in Example 10 above and is not shown here. After the sale, Bank#B acts as neither creditor nor servicer of Ins#3, but, owing to the fact that a write-off occurs, Bank#B reports Ins#3 until the end of the quarter (i.e. until 31 December 2018). The after-sale reporting is illustrated in Table 40 and Table 41. Table 40 Indication of the financial dataset after the sale Reporting reference date Observed agent identifier Contract identifier Instrument identifier Outstanding nominal amount Transferred amount 31/10/2018 BANK#B CON#7 INS#3 100,000.00 100,000.00 Please note that at the moment of sale, BUYER#T acquires the ownership of the instrument and assumes the roles of creditor and servicer while Bank#B ceases to act as creditor. This is reflected in the counterparty-instrument dataset. Table 41 Indication of the counterparty-instrument dataset after the sale Reporting reference date Observed agent identifier Contract identifier Instrument identifier Counterparty identifier Counterparty role 31/10/2018 BANK#B CON#7 INS#3 BUYER#T Creditor 31/10/2018 BANK#B CON#7 INS#3 BUYER#T Servicer 31/10/2018 BANK#B CON#7 INS#3 DEB#3 Debtor Bank#B continues reporting the instrument until 31 December 2018, with the values as reported on 31 October 2018 being repeated as of 30 November and 31 December 2018. Thereafter, Bank#B stops reporting Ins#3. Please note that the obligation to report Ins#3 after the sale exists irrespective of whether or not the buyer is a credit institution and is triggered by the instrument being subject to a write-off. The reporting of the outstanding nominal amount, the transferred amount and the accumulated write-offs in the extended period are presented in Table 42. Table 42 Indication of the accounting dataset after the sale Reporting reference date Observed agent identifier Contract identifier Instrument identifier Accumulated write-offs 31/12/2018 BANK#B CON#7 INS#3 85,000.00 Please note that accumulated write-offs, which are part of the accounting dataset, are reported only as of quarter-ends. Therefore, the information that €85,000 has been written off is reported to AnaCredit only as of 31 December 2018, as no reporting of the accounting dataset takes place for October and November. Please note that if Bank#B continued to service the instrument after the sale, then Bank#B would report the instrument beyond 2018, if BUYER#T if not a credit institution. 28 February 2017 AnaCredit Reporting Manual – Part II – Datasets and data attributes Example 14: Purchase of a non-performing loan by an observed agent In line with description of Example 13 above, on 15 October credit institution CI#2 purchases from Bank#B a non-performing loan (Loan#10) which was extended by Bank#B to debtor Deb#3 on the basis of contract Con#7. The purchase price amounts to a fraction (i.e. 15%) of the loan’s outstanding nominal amount (€100,000 throughout the whole period considered). At the purchase date, CI#2 becomes the sole creditor and servicer of Loan#10, i.e. Bank#B ceases to act as servicer of the loan after the sale. From the perspective of CI#2 as an observed agent, CI#2 reports Loan#10 irrespective of whether Bank#2 still reports the sold instrument to AnaCredit. In particular, CI#2 reports the instrument dataset, with the difference between the outstanding nominal amount and the purchase price of the instrument at the purchase date being reported. This difference amounts to €85,000. This is illustrated in Table 43. Table 43 Indication of the instrument dataset after the purchase Reporting reference date Observed agent identifier Contract identifier Instrument identifier Fair value changes due to changes in credit risk before purchase 31/10/2018 CI#2 CON#7 LOAN#10 85,000.00 Table 44 and Table 45 provide information about the transferred amount (0) and about the counterparties involved in the instrument. While the instrument dataset is – as long as no changes occur – reported only as of 31 October, both the financial and the counterparty-instrument datasets are reported (with the same values) also in November and December (not shown). Table 44 Indication of the financial dataset after the purchase Reporting reference date Observed agent identifier Contract identifier Instrument identifier Outstanding nominal amount Transferred amount 31/10/2018 CI#2 CON#7 LOAN#10 100,000.00 0.00 Table 45 Indication of the counterparty-instrument dataset after the purchase Reporting reference date Observed agent identifier Contract identifier Instrument identifier Counterparty identifier Counterparty role 31/10/2018 CI#2 CON#7 LOAN#10 CI#2 Creditor 31/10/2018 CI#2 CON#7 LOAN#10 CI#2 Servicer 31/10/2018 CI#2 CON#7 LOAN#10 DEB#3 Debtor CI#2 recognises the loan in its balance sheet and issues for the instrument an impairment amount of €85,000 which is established in conformity with the applicable accounting rules (assumed to be the IFRS). Note that since CI#2 has not written off any amount of the loan since the purchase, € 0 is reported for the accumulated write-offs. This is illustrated in Table 46. Table 46 Indication of the accounting dataset after the purchase Reporting reference date Observed agent identifier Contract identifier Instrument identifier Type of impairment Accumulated impairment amount Carrying amount Accumulated write-offs 31/12/2018 CI#2 CON#A LOAN#10 Stage 3 (IFRS) 85,000.00 15,000.00 0.00 Please note that the accounting dataset is reported only as of quarter-ends. 28 February 2017 AnaCredit Reporting Manual – Part II – Datasets and data attributes

In diesem Datenfeld wird für jedes berichtspflichtige Instrument der Teil des ausstehenden Nominalwerts erfasst, der von der beobachteten Einheit an einen anderen Gläubiger übertragen und entsprechend aus der Bilanz ausgebucht wurde. Siehe auch Teil III, „Meldung besonderer Geschäfte“, „9.3 Forderungsverkauf und Verbriefungen“ Dieses Datenfeld ist insbesondere von Bedeutung, wenn die Übertragung im Rahmen einer traditionellen Verbriefung erfolgt. Zu jedem Meldestichtag stellt der übertragene Betrag den Teil des ausstehenden Nominalwerts eines Instruments dar, der nicht von der beobachteten Einheit gehalten wird. Es sind alle bis zum Meldestichtag übertragenen Beträge anzugeben und nicht nur jene, die seit dem vorangegangenen Meldestichtag übertragen wurden. In keinem Fall darf der in diesem Datenfeld gemeldete Betrag höher sein als der ausstehende Nominalwert am jeweiligen Meldestichtag. Aufgelaufene Zinsen werden nicht berücksichtigt. Der übertragene Betrag ist in Euro anzugeben. Wurde kein Betrag des Instruments übertragen, ist in dieses Datenfeld null einzutragen.