Ivana Đurović National Bank of Serbia Luxembourg, June 2015 Experience of the National Bank of Serbia in data transmission to Eurostat Ivana Đurović National Bank of Serbia Luxembourg, June 2015

Outline Eurostat’s requirements Preparation of data Conversion to SDMX-EDI format Future plans

Eurostat’s requirements Reporting in accordance with guidelines from BOP Vademecum Start date: June 24th, 2014 All questionnaires are transmitted in a timely manner On March 31st, 2015 monthly back data for the 2007–2014 period were sent

Eurostat’s requirements Legal basis: Commission Regulation (EC) No 555/2012 of 22 June 2012 Format and procedure for data transmission: Commission Regulation (EC) No 601/2006 of 18 April 2006

Preparation of data Responsibility of the Balance of Payments Statistics Division Services are reported through the: monthly, quarterly, and annual questionnaire. Data are first prepared as Excel files and then converted to SDMX-EDI format

Conversion to SDMX-EDI format BOP DSD was used to create columns within pre-defined Excel files Each month, data from the BoP database are used to allocate services to an individual country level After being filled, files are converted to .csv format In cooperation with the IT Department, the application for data validation was developed After all checks are performed, .csv is converted to GESMES/TS format Transmission of data to Eurostat

Conversion to SDMX-EDI format (cont’d) SDMX Convertor GESMES/TS (SDMX-EDI) IT Department Excel file BoP Divison

Future plans Revision and transmission of data in accordance with deadlines stipulated in the Vademecum Timetable Convergence towards SDMX-ML is the next step for which support is needed, primarily for the IT Department

Thank you For your attention! Questions?