GUIDELINES TO FILL IN THE NBFI !
CHAPTER 1. INTRODUCTION AND GENERAL INSTRUCTIONS
1.1 Introduction: NBFIs include all depository and non-depository financial institutions. The NBFIs which have the authority to receive deposits are treated as Non-bank Depository Corporations (NBDCs). As the NBDCs are the part of NBFIs, so in the first part of this guideline all definitions, explanations, interpretations and illustrations have been described based on NBDCs. The monthly Non-Bank Depository Corporation (NBDC) return is one of the basic returns for collecting data on monetary and financial statistics. It is a comprehensive set of sector wise assets and liabilities of the NBDCs. Bangladesh Bank is using these data to calculate Broad Money (M3) of Bangladesh. These data are also used in formulating and implementing monetary policy of the country by Bangladesh Bank. Government of Bangladesh (GOB), World Bank, IMF and other national and international agencies, researchers, students use these data for evaluating monetary and economic activities of the country. Proper reporting of data in NBDC return is, therefore, extremely vital for compilation of consistent database. Detailed instructions, explanations and definitions are provided in this booklet to help the financial institutions in reporting the data of monetary and financial statistics and link them to their internal accounting system.
1.2 Rationalized Input Template (RIT): The Rationalized input Template (RIT) is a standardized electronic data reporting form. Bangladesh Bank has established the Enterprise Data Warehouse (EDW) for online data reporting by the Banking sector & other financial institutions (FIs) operate in Bangladesh. It allows an efficient method of reporting data to Bangladesh Bank in a secured internet environment. The RIT for NBDC return has already been provided to the reporting FIs with a view to collecting the information timely and accurately through the web portal of Bangladesh Bank. In submitting the RIT related to NBDC return through Web Portal, Head Offices of the reporting FIs are advised to follow the instructions given in the next page.
4 1.3 General Instructions 1. The reporting FI branches must have to follow the definitions, explanatory notes and instructions provided in chapter-2 of this booklet.
- Intensive care should also be taken so that the figures are correctly reported against the appropriate sectors or item codes of both assets and liabilities sides in the NBDC return.
- The reporting FI branches shall have to submit the NBDC returns to their respective Head Offices by the 10th of the following month to which it relates.
- The Head Office of the reporting FI must ensure that all of their branch offices have submitted the NBDC returns and they will make instant check for accuracy of the data.
- The Head Offices of the reporting FI will have to consolidate all the returns and enter the consolidated information into the RIT and upload them through the Web Portal of BB‟s EDW by the 20th of the following month to which it relates.
- The process of filling in the template and submitting or uploading the same will be as follows: a. Open the template to be filled in:- T_ME_M_ASS_LIAB_FIN. b. Fill in corresponding columns and rows with the necessary information. c. Check and recheck that the information entered into the template is correct and appropriate. d. Save the file in Comma Separated Value (CSV) format for uploading to BB‟s web portal. e. The next step is to navigate to the BB‟s web Portal and Log-in. f. Select the template category (ME) and locate the name of the template to be uploaded. g. Browse the files to be uploaded and Upload CSV files. h. A confirmation message “successfully uploaded” will be displayed and preserve it for future reference and finally Log out from the Portal.
- While reporting foreign currency balances, it should be converted into taka by using average rate of end month exchange rate compiled by statistics department of Bangladesh Bank. 8. For all queries regarding NBDC returns/templates, reporting FI branches and their Head Offices may contact directly with the Statistics Department, Bangladesh Bank, Head Office, Dhaka.
5 CHAPTER2: DEFINITIONS, EXPLANATORY NOTES & INSTRUCTIONS
2.1 LIABILITIES: CODE 2.1.1 Paid-up Capital 30000
The amount of a company‟s paid-up capital is that which has been paid in full/subscribed by the sponsors or shareholders. The paid-up capital can be less than a company‟s total authorized capital because a company cannot issue all of the shares that have been authorized to sell. The paid-up capital can also reflect how a company depends on equity financing. The Head Office of the reporting FI is required to report the amount of paid-up capital under this code in the NBDC return.
2.1.2 Reserves 31000
The amount which has been retained in the business and not distributed to the owners or share holders is known as the reserves. It is the part of capital of a company/firm that has not been called up and is, therefore, available for drawing in case of need. Such reserves or funds set aside from profit to meet obligations/special purposes/ emergencies should be reported in this code. Reserves such as Rural Credit Fund, Statutory Reserve, and Reserve for revaluation, Retained Earnings, Share premium, Reserve for Unforeseen Losses etc. and all borrowings from shareholders should also be included in reserves.
2.1.3 Total Deposit Liabilities 32000 Grand Total of the Deposit Classification Matrix-A should be reported in this code. The compilation procedure of deposit classification matrix is described at page no 29. Deposit Classification Matrix (Table – A) Table-A is a Sector and Instrument wise Deposit Classification Matrix. All deposits except foreign currency deposits should be classified by Sectors and types of deposits/Instruments. In compilation of Table-A, the first and most basic frame work is to identify the sectors for all depositors. The sectors should be determined by the main activities or professions of the depositors. The second frame work is to identify the types of deposits. The financial institutions are required to report the outstanding amounts of deposits against related sector codes & respective instrument codes. Total amounts of the sectors and the total amounts of the instruments must agree with the grand total of the matrix (Table-A). 6 Classification of Sectors The sectors should be determined on the basis of main activity or professions of the depositors. The concepts and definitions of sectors are given in chapter-4 at page no.
32-54. The outstanding amount of deposits of different sectors should be reported against respective code in Table-A. Detailed of Deposit Classification Matrix with sector codes is given below: I. Public Sector: a) Government Sector: The definition of the Government sector and the name of the available Government institutions are given at page no.
32-40. The government sector is subdivided into the following two categories for reporting NBDC return.
- i) Presidency, PM’S office, Ministries & Judiciary, Directorates & Other Govt. Offices/Institutions. 32110 All kinds of deposits received from different Government offices as stated above should be reported against this code. A list of the Government Directorates, Departments, and Offices has been given at page no. 32-34.
- ii) Autonomous & Semi Autonomous Bodies. 32120 All kinds of deposits received from the Autonomous and Semiautonomous Bodies as listed in page no. 34-40 should be reported against this code. b) Other Public Sector:
- i) Local Authorities. 32210 All types of deposits received from the Local Authorities as listed at page no. 40 should be reported against this code.
- ii) Public Non-Financial Corporation. 32220
All types of deposits received from the Public Non-Financial Corporation as listed in page no. 40-42 should be reported against this code.
iii) Non Bank Depository Corporation (NBDCs)-Public. 32230 All types of deposits received from the Non Bank Depository Corporations (NBDCs)-Public as listed in page no. 42-43 should be reported against this code.
- iv) Other Financial Intermediaries (OFIs) –Public 32240 All types of deposits received from Other Financial Intermediaries- 7 Public as listed in page no. 43 should be reported against this code.
- v) Insurance Companies & Pension Funds (ICPFs)-Public 32250 All types of deposits received from Insurance Companies & Pension Funds-Public as listed in page no. 43 should be reported against this code. II. Private Sector:
- i) Non Bank Depository Corporation (NBDCs)-Private 32330 All types of deposits received from Non Bank Depository Corporation-Private as listed in page no.
43-44 should be reported against this code.
- ii) Other Financial Intermediaries (OFIs) –Private. 32340 All types of deposits received from Other Financial Intermediaries Private as listed in page no. 44 should be reported against this code.
iii) Insurance Companies & Pension Funds (ICPFs) -Private. 32350 All types of deposits received from Insurance Companies & Pension Funds-Private as listed in page no. 44 should be reported against this code.
- iv) Financial Auxiliaries -Private. 32360 All types of deposits received from Financial Auxiliaries -private as defined in page no. 44 should be reported against this code.
- v) Other Non Financial Corporation –Private. 32370 All types of deposits received from Other Non Financial Corporation -Private as defined in page no. 45-48 should be reported against this code.
- vi) Non Profit Institutions Serving Household-Private. 32380 All types of deposits received from Non Profit Institutions Serving Household as defined in page no. 48 should be reported against this code.
vii) Household Residents. 32390 All types of deposits received from Household/Individual resident as defined in page no.48-49should be reported against this code. III. Deposit Money Banks (DMBs). 32500 All kinds of deposits received from Deposit Money Banks should be reported against this code. Foreign currency deposit of DMBs held with the reporting NBDC‟s should not be reported under this code. List of DMBs are given in page no. 50-52. 8 Classification of Deposits by Types The types of deposits should be determined on the basis of the nature of the deposit accounts. The concepts and definitions of the types of deposits are given below:
- a) Fixed/Term Deposits 32950 Deposits taken for any terms are specified as fixed deposits. Balances of Fixed Deposit accounts should be reported in this code according to the sector. Periodic income (Monthly/Quarterly/Half Yearly) scheme, Double/Triple Benefit Scheme, Flexible Fixed Deposit, and Profit First Deposit Scheme etc. should also be reported under this code.
- b) Recurring Deposits/ Monthly Pension Scheme Deposit 32960 Balances of Deposit Pension Scheme (DPS) should be reported in this code against household/Individual-Resident only. Besides DPS, same types of savings scheme such as Education Saving Scheme, Marriage Savings Scheme, Hajj Savings Scheme, House Savings Scheme, Millionaire Deposit Scheme, Lakhopoti Deposit Scheme etc. should be reported in this code. Any types of flexible recurring deposit scheme also reported in this code.
- c) Negotiable Certificates of Deposits & Promissory Notes. 32981 Balances of Negotiable Certificates of Deposits (NCD) should be reported in this code. The taka balances of Promissory Notes/Savings Bonds issued by the reporting financial institution should be reported in this code according to the sectors.
- d) Other Deposits. 32999 Balances of any other deposits which are not included elsewhere should be reported under this code. 9
- e) Restricted (Blocked) Deposits. 32912 Restricted deposits comprise obligation carrying special terms set by the appropriate authority that override normal liquidity characteristics (e.g. blocked or earmarked accounts). The nature of these deposits is that the account holders do not have access to the funds during blocked period. Balances of Restricted (Blocked) deposits should be reported in this code against private sector only. It should be noted that the deposit accounts blocked by the FI for internal purposes should not be reported here.
- f) Accrued Interest-Payable 32991 Balances of accrued interest payable on deposits should be reported in this code according to the sectors and types of deposits. 2.1.4 Domestic Borrowings a) Government i) Government for on-lending. 33000 Borrowing from Government comprises borrowing for on lending project on behalf of the government; the reporting financial institutions act as an agent of the Government. Generally these funds (e.g. IDA credit, IFAD fund, JICA, IPFF Project funds etc.) have been borrowed from abroad by the Government, which are the Government‟s foreign liabilities. The reporting financial institution carries liabilities to the Government as these are routed through NBDCs.
Balance of such borrowing should be reported against this code. ii) Government Islamic Investment Bond (GIIB) Fund 33101 In order to develop a money market in Islamic Banking sector, Bangladesh Bank has issued GIIB on behalf of the Government. This bond is treated as approved securities. Borrowings from this fund by the reporting institution should be reported against this code.