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Scope
Data presentation - Summary description

The Securities Holdings Statistics by Sector (SHSS), collected on a security-by-security basis, provide information on securities held by selected categories of euro area investors, broken down by instrument type, holder country and further classifications.

Indicators on holdings of sustainable debt securities (stocks and financial transactions) comprise a breakdown by sustainability classification (green, social, sustainability and sustainability-linked), including a breakdown by issuer area. A breakdown by individual holder country is available for all sustainable classifications. Additionally, a breakdown by holder sector is available for euro area aggregates for all sustainable classifications, and for individual country aggregates for green bonds only. Data on sustainable debt securities are published for two levels of assurance: i) all sustainable debt securities, i.e. with all degrees of assurance including only self-labelled instruments, and ii) securities with a second party opinion validating the sustainability claims of the issuer.

Statistical population

Debt securities, listed shares and investment fund units held by euro area residents.

Reference area coverage

Euro area and euro area Member States

Sector coverage
  • S1 (Total economy)
  • S11 (Non financial corporations)
  • S12 (Financial corporations)
  • S121 (Central bank)
  • S122 (Deposit taking corporations, except the Central Bank)
  • S123 (Money market funds)
  • S12K (Monetary financial institutions)
  • S12P (Other financial institutions: Financial corporations other than MFIs, insurance corporations and pension funds)
  • S124 (Non MMF investment funds)
  • S125A (Financial vehicle corporations engaged in securitisation)
  • S12Q (Insurance corporations and pension funds)
  • S128 (Insurance corporations)
  • S129 (Pension funds)
  • S13 (General government)
  • S1311 (Central government excluding social security)
  • S1M (Households and non profit institutions serving households)
Time coverage

Starting from reference period 2021-Q1. Less detailed aggregates at euro area level are available from 2013-Q4 onwards in the discontinued "SHS" data set.

Methodological information
Source data type

Holdings data are collected on a security-by-security level (based on Regulation ECB/2012/24), and subsequently merged with the Centralised Securities Database (CSDB) to complete the data set with additional attributes referring to individual securities and their issuers.

Data collection method

For certain sectors, data are collected directly from investors (mainly investors from the financial sector). For other sectors, data are collected via custodians. Some national particularities may apply.

 

SHSS aggregates for reference area “FR” only cover securities with an ISIN code and hence differ from related aggregates in balance of payments and financial accounts data.

Time period

Starting from reference period 2021-Q1. Less detailed aggregates at euro area level are available from 2013-Q4 onwards in the discontinued "SHS" data set.

Frequency of data collection

Quarterly

Classification system

Follows the European System of National and Regional Accounts (ESA 2010). For the sustainable classification, the following breakdowns are used:

  • G_XX:  Green (use of proceeds), assurance level unspecified
  • G_SX:  Green (use of proceeds), second party opinion
  • C_XX:  Social (use of proceeds), assurance level unspecified
  • C_SX:  Social (use of proceeds), second party opinion
  • S_XX:  Sustainability (use of proceeds), assurance level unspecified
  • S_SX:  Sustainability (use of proceeds), second party opinion
  • L_XX:  Sustainability-linked, assurance level unspecified
  • L_SX:  Sustainability-linked, second party opinion

where:

  • Green: debt securities where the proceeds are used to finance green projects
  • Social: debt securities where the proceeds are used to finance social projects
  • Sustainability: debt securities where the proceeds are used to finance a combination of both green and social projects
  • Sustainability-linked: debt securities where the issuers are committed to future improvements in sustainability outcome(s) with no restrictions on how the proceeds can be used
Statistical concepts and definitions

For information about the naming convention (series key dimensions and metadata), refer to the SHSS underlying DSD (NA_SEC) maintained by the ESTAT.

Statistical unit

EUR (million)

Valuation

Market value. In addition, positions for debt securities are also provided in face value.

Statistical processing
Data compilation

Data on sustainable debt securities are compiled for two levels of assurance: i) all sustainable debt securities, i.e. with all degrees of assurance including only self-labelled instruments, and ii) securities with a second party opinion validating the sustainability claims of the issuer.  All the standards/frameworks recognised for the classification of sustainable debt securities are accepted.

Data revision

Revised data is disseminated every quarter for the period prior to the reference quarter (i.e. t-1). Additionally, a minor set of series that also cover CSEC data (those with ACCOUNTING_ENTRY = ‘L’) will be revised backwards for the previous three quarters, i.e. t-4 to t-2. Finally, once a year, revised data is disseminated for the previous three years (12 periods) prior to the reference quarter.

Administrative Information
Title

SHSS - Securities Holdings Statistics by Sector

Data source

European Central Bank

Quality
Quality management

The data quality management of the SHSS is governed by Guideline ECB/2016/24 on the data quality management framework for statistics on holdings of securities.

The quality assurance of the indicators on holdings of sustainable debt securities is not foreseen in the above listed legal act, since they started being disseminated as part of the official statistics only in September 2024.

Timeliness

The data are released around 2 to 3 months after the end of the reference quarter.

Dissemination
Dissemination format

SHSS data are disseminated as time series. The series keys are 19 dimensions long, each dimension being separated by a dot:

1. Dataset: SHSS 

2. Frequency: Q (Quarterly)

3. Adjustment: N (Non-adjusted)

4. Holder area, e.g. I8 (Euro area 19), AT (Austria)

5. Issuer area, e.g. W0 (World), BE (Belgium)

6. Holder sector, e.g. S1 (Total economy), S11 (Non financial corporations)

7. Issuer sector, e.g. S1 (Total economy), S123 (Money market funds)

8. Consolidation: N (Non-consolidated)

9. Accounting entry: A (Assets) or L (Liabilities)

10. Stocks, transactions, other flows: LE (Positions) or F (Transactions)

11. Instrument classification, e.g. F3 (Debt securities)

12. Original maturity, e.g. L (Long-term)

13. Expenditure: _Z (Not applicable)

14. Unit measure: XDC (Domestic currency)

15. Currency of denomination: nominal currency of the securities, e.g. _T (All currencies combined)

16. Valuation: M (Market value) or F (Face value)

17. Prices: V (Current prices)

18. Transformation: N (Non-transformed data)

19. Custom breakdown: _T (Total)

Technical Information
Catalog

Download the series catalogue containing a full list of series and associated metadata of the dataset SHSS in CSV format (zipped)

Dataset last update
13 September 2024 10:00 CEST
Miscellaneous
Metadata last update
13 September 2024 09:35 CEST