1. Forms IS/IC/IO IS/IC/IO This guide captures…
Form IS - further analysis of secured lending to UK residents
Form IC - further analysis of credit card lending to UK residents
Form IO - further analysis of other loans and advances to UK residents
Further analysis of lending to individuals
IS/IC/IO
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Part of lending to individuals from Bank of England’s Core Statistical Returns

2. Contents Overview Family of Statistical Returns Form Content
How forms are constructed
Form Purpose
How do we use the data?
Plausibility Checking
Common Reporting Issues
Timetable
Resources
Contact details

3. Form IS Overview Reporting panel
Reporting deadline
Data finalised for publication
Main uses
Outstanding secured lending balances > £1500mn
13 working days after month end
16 working days after month end
Money and Credit release, Bankstats, more detailed analysis for monetary policy & financial stability

4. Form IC Overview Reporting panel
Reporting deadline
Data finalised for publication
Main uses
Outstanding credit card balances > £100mn
13 working days after month end
16 working days after month end
Money and Credit release, Bankstats, more detailed analysis for monetary policy & financial stability

5. Form IO Overview Reporting panel
Reporting deadline
Data finalised for publication
Main uses
Outstanding other loans and advances > £100mn
13 working days after month end
16 working days after month end
Money and Credit release, Bankstats, more detailed analysis for monetary policy & financial stability

6. Family of Bank of England Core Statistical Returns

7. Form Content: I forms Form IS
Stock of lending secured on dwellings
Closing balance cross checks with Form BE – BE£29DB3A2
Gross lending
Split by house purchase, remortgaging and other
Repayments
Split by full, partial and other repayments
Approvals
Securitisations and other loan transfers
Write offs/other adjustments

8. Form Content: I forms Form IC
Stock of credit card lending
Closing balance cross checks with Form BE - BE£29DB3A3
Gross new lending during the month
Repayments
Split by type of repayment
Securitisations and other loan transfers
Write-offs/other adjustments

9. Form Content: I forms Form IO
Stock of other loans and advances (i.e. non-mortgage and credit card lending)
Closing balance cross checks with Form BE - BE£29DB3A4
Gross new lending during the month
Split by type of product (personal loans, car finance and other)
Repayments
Securitisations and other loan transfers
Write-offs/other adjustments

10. How forms are constructed: transactions
Interim transactions
Gross advances
Net purchases, transfers and securitisations
Redemptions and repayments
Other adjustments to the amount outstanding
Amounts outstanding on residential property at previous reporting date
Amounts outstanding on residential property at current reporting date

11. How transactions are reported
Interim transactions (on Form IS)
Gross advances
Any new loans advanced over the month (this will also include any interest or fees that have been capitalised and added to the outstanding mortgage balance for a customer).
Net purchases, transfers and securitisations
Other adjustments to the amount outstanding – for example, write-offs.
Redemptions and repayments (repayment of capital)
Full redemptions: redemption of the principal mortgage
Partial repayments: a lump sum repayment of the outstanding loan balance
Other repayments: regular monthly repayments

12. Form Purpose
Form IS/IO/IC provide further detail about lending to individuals for secured lending, other loans and advances and credit card lending respectively.
This data feeds directly into the Bank’s lending to individuals measures:
Mortgage lending
Consumer credit
Credit card lending
Other loans and advances

13. How Do We Use The Data? Form IO
Published monthly on Bankstats and the IADB
Often a feature in internal and external publications when focusing on mortgage lending or consumer credit.
Include:
Inflation Report
Financial Stability Report
Credit Conditions Review
Quarterly Bulletin

14. Plausibility Checking Examples of issues we might question
Loan book transfers
when a disposal/acquisition of a loan book occurs we need to make sure that the correct treatment is applied.
Consistent opening and closing balances
checks are made to ensure that the opening balance for a given month reconciles with the closing balance of the previous month.
Approvals – number and value consistent (Form IS only)
Going in same vs opposite directions.
Negative net approvals (Form IS only)
Cancellations vastly exceeding approvals.

15. Common Reporting Issues: ‘Clearouts’
A Clearout is a ‘purge’ on outstanding approvals that may have lain dormant on the banks’ systems - they usually result in a sharp tick up in reported cancellations as can be seen by the above pink line.
Typically, ‘clearouts’ will be spotted through an unusually high level of cancellations which result in negative net approvals.

16. Common Reporting Issues: ‘Clearouts’
An analyst who has recognised a potential ‘clearout’ from data in a submission, may ask some questions (examples below) in order to account for the ‘clearout’ in data and analysis:
How many cancellations were a result of the clearout?
When would these cancellations have normally taken place?

17. Common Reporting Issues: ‘Loan transfers’
Amount reported
When recording the loan transfer, we would request that the institution report the outstanding value of the loans rather than the sale value.
h BE form - 29DB3A2
Ownership:
When transfer of legal ownership is delayed, we would request that institutions report loans that they have beneficial (or economic) ownership of. In instances when both institutions are reporting a stock of loans, an analyst will contact both parties to request further information and a revision from one institution would be required.
Common Reporting Issues:
‘Loan transfers’
When reporting a loan transfer, one institution could report the activity inconsistently from the other; this can be due to:
Different amounts being reported on balance sheet
Delay in transfer of legal ownership

18. Bankstats, Money and Credit release
Timetable Reporting deadlines for monthly forms 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21
(For reporters submitting a BT later than +9) PB BN BT BE AD AL GT
Public Sector embargo
(For PB reporters) VP
Embargo WO
Bankstats, Money and Credit release IS IO LN ER IC

19. Resources IS Definitions IS Box Codes IS Validations IC Definitions
IC Box Codes
IC Validations
IO Definitions
IO Box Codes
IO Validations

20. Contact details