Metadata Sub-indicator  17.13.1.12. Inversión de cartera, variación neta de activos menos variación neta de pasivos (BP, euros corrientes)

The financial and monetary institutions¿ portfolio assets are derived from the portfolios declared within the integrated reporting system of their financial statements. The main source of information used in the rest of the cases in the calculation of portfolio investment in the financial account of the BP and in the PII is the information system on marketable securities, the rules of which are contained in Circular 3/201337 of the BE. The subjects obliged to declare under this circular are the securities depository resident entities. In the case of portfolio assets of the pubic administrations and the other resident sectors that hold deposits in non-resident entities, the source is the data of the direct reporting system of transactions and external positions of those sectors. In all cases, the securities are counted by monthly value-to-value data that facilitate their cross-checking with the ECB¿s securities database (CBS by their acronyms) which, among many other variables, contains the information necessary to estimate the geographical disaggregation and other necessary calculations.