PŘÍLOHA I

L3472016EN2610120161103 EN0002.0001331331ANNEX I COMPOSITION OF THE LIABILITY BASE A. The liability base includes, to the exclusion of any other items:1. Banknotes in circulationFor the purposes of this Annex, in the cash changeover year for each national central bank (NCB) joining the Eurosystem, Banknotes in circulation: (a) includes banknotes issued by the NCB and denominated in its national currency unit; and(b) must be reduced by the value of the non-remunerated loans related to frontloaded euro banknotes that have not been yet debited (part of asset item 6 of the harmonised balance sheet (HBS)). After the relevant cash changeover year, for each NCB banknotes in circulation means banknotes denominated in euro, to the exclusion of any other banknotes. If the cash changeover date is a day on which TARGET2 is closed, the liability of an NCB which results from euro banknotes that have been frontloaded under Guideline ECB/2006/9 and have entered into circulation before the cash changeover date forms part of the liability base (as part of the correspondent accounts under liability item 10.4 of the HBS) until the liability becomes part of the intra-Eurosystem liabilities resulting from TARGET2 transactions. 2. Liabilities to euro area credit institutions related to monetary policy operations denominated in euro, including any of the following:(a) current accounts including minimum reserve requirements under Article 19.1 of the Statute of the ESCB (liability item 2.1 of the HBS);(b) amounts in deposit under the Eurosystem deposit facility (liability item 2.2 of the HBS);(c) fixed-term deposits (liability item 2.3 of the HBS);(d) liabilities arising from fine-tuning reverse operations (liability item 2.4 of the HBS);(e) deposits related to margin calls (liability item 2.5 of the HBS). 3. Deposit liabilities to defaulted Eurosystem counterparties which have been reclassified from liability item 2.1 of the HBS.4. Intra-Eurosystem liabilities of NCBs arising from the issuance of ECB debt certificates under Article 13 of Guideline (EU) 2015/510 (ECB/2014/60) (liability item 10.2 of the HBS).5. Net intra-Eurosystem liabilities on euro banknotes in circulation, including those resulting from the application of Article 4 of this Decision (part of liability item 10.3 of the HBS).6. Net intra-Eurosystem liabilities resulting from TARGET2 transactions remunerated at the reference rate (part of liability item 10.4 of the HBS).7. Accrued interest recorded at the end of each quarter by each NCB on monetary policy liabilities, with a maturity of 1 year or longer (part of liability item 12.2 of the HBS).8. Liabilities vis-à-vis the ECB backing a claim that relates to swap agreements between the ECB and a non-Eurosystem central bank which earn net income for the Eurosystem (part of off-balance-sheet liabilities). B. The amount of each NCB's liability base is calculated in accordance with the harmonised accounting principles and rules laid down in Guideline (EU) 2016/2249 (ECB/2016/34).