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Article 5 - Initial DQM

Article 5
Initial DQM

1. Initial DQM shall be applied to DQM targets 1, 2, 3a, 3b and 6, as specified in Annex I.

2. The ECB shall make available the end-month preview seven working days before the end of each calendar month.

3. In carrying out initial DQM, DQM competent authorities shall verify substantial statistical outliers to ensure that, after initial DQM has taken place, output feed data reflects the most recent developments to the extent possible.

4. DQM competent authorities shall verify the end-month preview data by the end of the second working day of the following calendar month to the extent that, pursuant to DQM metrics, the DQM thresholds have not been met.

5. Where there is no benchmark data available outside the CSDB initial DQM shall rely solely on information that is readily available to the DQM competent authority or which can be easily obtained without setting up any new reporting structure.

6. DQM competent authorities shall correct input data in accordance with the DQM workflow by using the CSDB system or by providing input data files to the ECB, as appropriate.

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