France net debt securities 12-month: monetary financial, short-term
France net debt securities 12-month: monetary financial, short-term stood at -14,308 EUR million in Aug 2026, according to Banque de France – Webstat (webstat.banque-france.fr). It is one of the indicators in the Debt securities issuance table (Value · Monthly), with a complete series running from Jan 1999 to Aug 2026. The complete series with an interactive chart, free to download.
This indicator in the Debt securities issuance table
| Indicator | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net issues of debt securities, 12-month cumulative | |||||||||||
| Monetary financial institutions, short-term | -14,308 | -13,729 | -12,205 | -14,417 | -7,527 | -26,503 | -22,823 | -16,043 | -24,083 | -22,186 | |
| Monetary financial institutions, long-term | 54,106 | 48,384 | 45,682 | 39,315 | 53,320 | 48,443 | 35,220 | 36,067 | 39,450 | 34,141 |
Understanding france net debt securities 12-month: monetary financial, short-term
Short-term debt instruments issued by resident monetary financial institutions with maturities of one year or less, accumulated over a trailing twelve-month period, form this specific indicator. The series captures annual net creation of bank certificates of deposit and short-term paper used for liquidity regulation. The twelve-month window filters out intra-year fluctuations and routine balance sheet management around reporting dates.
When examining this measure, analysts should consider how monetary policy shifts and interbank market conditions influence bank short-term refinancing over an annual cycle. Revisions to early monthly estimates gradually update the twelve-month sum. Comparing this series with long-term bank debt highlights whether institutions rely on wholesale money markets or stable bond funding.
Frequently asked questions
- Which instruments drive short-term monetary financial institution issuance?
- Certificates of deposit and short-term debt securities issued by banks.
- Why is a 12-month accumulation useful for bank short-term debt?
- It neutralizes month-end balance sheet adjustments and seasonal liquidity swings.
- Are non-bank financial institutions covered in this bank-specific series?
- No, coverage is restricted strictly to monetary financial institutions.