D_IMPLCT_INDRCT_FCTRNG

Where [simple_tooltip content='INDRCT_FCTRNG; It contains the representation of the individual invoices of a factoring operation.']Indirect factoring[/simple_tooltip] cube is merged with associated records from [simple_tooltip content='FCTRNG; Financial transaction in which the bank purchases receivables from a business and may advance all or part of the receivables. ']Factoring[/simple_tooltip] cube, keeping:

– [simple_tooltip content='ACCNTNG_CLSSFCTN; Accounting portfolio where the instrument is recorded in accordance with the accounting standard – IFRS or national GAAP – under Regulation (EU) 2015/534 (ECB/2015/13) applied by the observed agents legal entity.']Accounting classification[/simple_tooltip]
– [simple_tooltip content='CNTRCT_ID; An identifier applied by the reporting agent to uniquely identify each contract. Each contract must have one contract identifier. This value will not change over time and cannot be used as the contract identifier for any other contract.']Contract identifier[/simple_tooltip]
– [simple_tooltip content='OBSRVD_AGNT_INTRNL_ID; Identifier applied by the reporting agent to uniquely identify each observed agent.']Observed agent internal identifier[/simple_tooltip]
– [simple_tooltip content='PRDNTL_PRTFL; Classification of exposures in the trading book as defined in Article 4(1)(86) of Regulation (EU) No 575/2013.']Prudential portfolio[/simple_tooltip]
– [simple_tooltip content='IS_RTL_EXPSR; It indicates whether the exposure is assigned to the class "retail exposures", according to Articles 123 and 147 of Regulation (EU) No 575/2013.']Is retail exposure[/simple_tooltip]
– [simple_tooltip content='IS_SRVCD_OBSRVD_AGNT; It indicates whether the instrument is serviced by the observed agent.']Is serviced by the observed agent[/simple_tooltip]
and variables inherited from associated factoring records are added back to [simple_tooltip content='INDRCT_FCTRNG; It contains the representation of the individual invoices of a factoring operation.']Indirect factoring[/simple_tooltip]

And for the new [simple_tooltip content='INDRCT_FCTRNG; It contains the representation of the individual invoices of a factoring operation.']Indirect factoring[/simple_tooltip]:

– [simple_tooltip content='IS_CRDT_LN_OTHR_RV_CRDT; As defined in Regulation 2016/867 of the European Central Bank (ECB/2016/13), Annex IV.']Is credit line other than revolving credit[/simple_tooltip] is by default Not applicable (0)
– [simple_tooltip content='DT_END_INTRST_ONLY; The date on which the interest-only period ends. Interest-only is an instrument for which, for a contractually set period, only the interest on the principal balance is paid, with the principal balance remaining unchanged.']End date of the interest-only period[/simple_tooltip] is by default null
– [simple_tooltip content='FDCRY; Identification of instruments in which the observed agent acts in its own name but on behalf of and with the risk borne by a third party.']Fiduciary instrument[/simple_tooltip] is by default Not applicable (0)
– [simple_tooltip content='PRJCT_FNNC_LN; Identification of project finance to identify in case of a project finance loan in accordance with Implementing Regulation (EU) No 680/2014.']Project finance loan[/simple_tooltip] is by default [simple_tooltip content='The instrument is not a project finance loan in accordance with Implementing Regulation (EU) No 680/2014.']Non-project finance loan (2)[/simple_tooltip]
– [simple_tooltip content='PYMNT_FRQNCY; Frequency of payments due, either of principal or interest, i.e. number of months between payments.']Payment frequency[/simple_tooltip] is by default [simple_tooltip content='Amortisation in which the full principal amount is repaid in the last instalment regardless of the interest payment frequency.']Bullet (4)[/simple_tooltip]
– [simple_tooltip content='RCRS; Classification of instruments based on the creditor’s rights to seize assets other than any protection pledged to secure the instrument.']Exposure with recourse[/simple_tooltip] is by default Not applicable (0)
– [simple_tooltip content='RPYMNT_RGHTS; Classification of credit exposures according to the creditors rights to claim the repayment of the exposure. On domand or at short notice']Repayment rights[/simple_tooltip] is by default [simple_tooltip content='Instruments subject to repayment rights other than on demand or at short notice.']Other (2)[/simple_tooltip]
– [simple_tooltip content='IS_RVLVNG_LN; As defined in Regulation (EU) No 1071/2013, Annex II, Part 2.']Is revolving loan[/simple_tooltip] is by default Not applicable (0)
– [simple_tooltip content='SBRDNTD_DBT; Identification of subordinated debt. Subordinated debt instruments provide a subsidiary claim on the issuing institution that can only be exercised after all claims with a higher status (e.g. deposits/loans) have been satisfied.']Subordinated debt[/simple_tooltip] is by default [simple_tooltip content='The instrument is not a subordinated debt in accordance with the Table in Annex II to Regulation (EU) No 1071/2013 (ECB/2013/33).']Non-subordinated debt (2)[/simple_tooltip]
– [simple_tooltip content='SYNDCTD_CNTRCT_ID; Contract identifier applied by the lead arranger of the syndicated contract to uniquely identify each contract. Each syndicated contract will have one syndicated contract identifier. This value will not change over time and cannot be used by the lead arranger as the contract identifier for any other contract. All creditors participating in the syndicated contract must use the same syndicated contract identifier.']Syndicated contract identifier[/simple_tooltip] is by default null
– [simple_tooltip content='TYP_AMRTSTN; Type of amortisation of the instrument including principal and interest.']Type of amortisation[/simple_tooltip] is by default [simple_tooltip content='Amortisation in which the full principal amount is repaid in the last instalment.']Bullet (4)[/simple_tooltip]
– [simple_tooltip content='TYP_INSTRMNT; Classification of the instrument according to the type of contractual terms agreed between the parties.']Type of instrument[/simple_tooltip] is Indirect Factoring (1021)

Scheme dependencies:

Transformation Scheme ID

D_IMPLCT_INDRCT_FCTRNG

Description

Derivation of the variables with implict value for “Indirect factoring”

Classification

Phase Type Subtype Related entity
Preparation Derivation Implicit LN

Natural language

Where Indirect factoring cube is merged with associated records from Factoring cube, keeping:

Accounting classification
Contract identifier
Observed agent internal identifier
Prudential portfolio
Is retail exposure
Is serviced by the observed agent
and variables inherited from associated factoring records are added back to Indirect factoring

And for the new Indirect factoring:

Is credit line other than revolving credit is by default Not applicable (0)
End date of the interest-only period is by default null
Fiduciary instrument is by default Not applicable (0)
Project finance loan is by default Non-project finance loan (2)
Payment frequency is by default Bullet (4)
Exposure with recourse is by default Not applicable (0)
Repayment rights is by default Other (2)
Is revolving loan is by default Not applicable (0)
Subordinated debt is by default Non-subordinated debt (2)
Syndicated contract identifier is by default null
Type of amortisation is by default Bullet (4)
Type of instrument is Indirect Factoring (1021)

Scheme dependencies:

VTL Syntax

0 INDRCT_FCTRNG_ADD := [inner INDRCT_FCTRNG as "A", FCTRNG as "B" on A.CNNCTD_FCTRNG_ID = B.INSTRMNT_UNQ_ID] {keep (A.INSTRMNT_UNQ_ID, B.ACCNTNG_CLSSFCTN, B.CNTRCT_ID, B.OBSRVD_AGNT_INTRNL_ID, B.PRDNTL_PRTFL, B.IS_RTL_EXPSR, B.IS_SRVCD_OBSRVD_AGNT)};
1 INDRCT_FCTRNG_E := [inner INDRCT_FCTRNG as "A", INDRCT_FCTRNG_ADD as "B" on A.INSTRMNT_UNQ_ID = B.INSTRMNT_UNQ_ID] {};
2 INDRCT_FCTRNG_E := INDRCT_FCTRNG_E [calc "0" as "IS_CRDT_LN_OTHR_RV_CRDT"];
3 INDRCT_FCTRNG_E := INDRCT_FCTRNG_E [calc null as "DT_END_INTRST_ONLY"];
4 INDRCT_FCTRNG_E := INDRCT_FCTRNG_E [calc "0" as "FDCRY"];
5 INDRCT_FCTRNG_E := INDRCT_FCTRNG_E [calc "2" as "PRJCT_FNNC_LN"];
6 INDRCT_FCTRNG_E := INDRCT_FCTRNG_E [calc "4" as "PYMNT_FRQNCY"];
7 INDRCT_FCTRNG_E := INDRCT_FCTRNG_E [calc "0" as "RCRS"];
8 INDRCT_FCTRNG_E := INDRCT_FCTRNG_E [calc "2" as "RPYMNT_RGHTS"];
9 INDRCT_FCTRNG_E := INDRCT_FCTRNG_E [calc "0" as "IS_RVLVNG_LN"];
10 INDRCT_FCTRNG_E := INDRCT_FCTRNG_E [calc "2" as "SBRDNTD_DBT"];
11 INDRCT_FCTRNG_E := INDRCT_FCTRNG_E [calc null as "SYNDCTD_CNTRCT_ID"];
12 INDRCT_FCTRNG_E := INDRCT_FCTRNG_E [calc "4" as "TYP_AMRTSTN"];
13 INDRCT_FCTRNG_E := INDRCT_FCTRNG_E [calc "1021" as "TYP_INSTRMNT"];