return of the geographical distribution of assets …

Deposit-Taking Institutions - Reporting Manual Geographical Distribution of Assets

Bank of Canada and Liabilities Booked Outside of Canada (GR)

Revised: November 2021

RETURN OF THE GEOGRAPHICAL DISTRIBUTION OF ASSETS AND LIABILITIES BOOKED

OUTSIDE OF CANADA

PURPOSE

This return provides foreign currency and Canadian currency information regarding the size and nature of a bank's

claims, other exposures, and liabilities vis-à-vis residents of foreign countries and Canada that are booked outside of

Canada. The data are an important source of information for analyzing international banking activity and are the

basis for fulfilling Canada’s reporting responsibilities to the Bank for International Settlements.

STATUTORY

Section 628 of the Bank Act and Section 24 of the Bank of Canada Act.

APPLICATION

This return applies to all banks with affiliates outside of Canada. Trust and Loan Companies are not required to

submit this return.

PUBLICATION

Certain information is published on a total-for-all-banks basis in the Bank of Canada Banking and Financial

Statistics, in Statistics Canada's International Accounts publications, in Statistics Canada’s key socioeconomic

database (CANSIM), and on the BIS website (www.bis.org).

FREQUENCY

Quarterly

CONTACT PERSON

Provide name and phone number of person to contact regarding any questions about this return.

REPORTING DATES

This return is to be completed as at the last day of each quarter and submitted to the Bank of Canada within 60 days

of the reporting date.

CONTACT AGENCY

Bank of Canada




LIST OF COUNTRY CODES

A. Developed countries

(i) Europe

Andorra 403

Austria 437

Belgium 406

Cyprus 481

Denmark 409

Estonia 529

Faroe Islands 479

Finland 441

France 412

Germany 415

Greece 445

Greenland 480

Iceland 449

Ireland 418

Italy 421

Latvia 540

Liechtenstein 453

Lithuania 541

Luxembourg 424

Malta 489

Monaco 427

Netherlands 430

Norway 457

Portugal 461

San Marino 491

Slovak Republic 552

Slovenia 555

Spain 465

Sweden 469

Switzerland 473

United Kingdom 124

Vatican 433

(ii) Other developed countries

Australia 812

Japan 135

New Zealand 824

United States 110

B. Offshore centers

Aruba 208

Anguilla 274

Antigua and Barbuda 207

Bahamas 209




Bahrain 604

Barbados 212

Bermuda 215

British Virgin Islands 218

Cayman Islands 221

Curacao 266

Gibraltar 485

Guernsey 486

Hong Kong SAR 658

Isle of Man 487

Jersey 488

Lebanon 620

Macao SAR 670

Mauritius 758

Montserrat 260

Panama 363

Panama Canal Zone 367

Samoa 870

Singapore 686

Sint Maarten (Dutch) 268

St. Kitts-Nevis (include the Eastern Caribbean Central Bank (ECCB)) 272

Vanuatu 856

C. Developing Countries

(i) Europe

Albania 515

Belarus 517

Bosnia-Hercegovina 519

Bulgaria 521

Croatia 525

Czech Republic 526

Hungary 539

Macedonia 542

Moldova 543

Montenegro 559

Poland 545

Romania 551

Russian Federation 553

Serbia 558

Turkey 477

Ukraine 556

(ii) Latin America, Caribbean, and Western Atlantic Islands

Argentina 303

Belize 307

Bolivia 311

Bonaire, St. Eustatius and Saba 270

Brazil 315

Chile 319




Colombia 323

Costa Rica 327

Cuba 224

Dominica 227

Dominican Republic 230

Ecuador 331

El Salvador 335

Falkland Islands 233

French Guiana 339

Guadeloupe 239

Grenada 236

Guatemala 343

Guyana 347

Haiti 242

Honduras 351

Jamaica 248

Martinique 257

Mexico 355

Nicaragua 359

Paraguay 371

Peru 375

Puerto Rico 202

St. Barthelemy 276

St. Lucia 275

St. Martin (French) 279

St. Pierre and Miquelon 278

St. Vincent 281

Suriname 379

Trinidad and Tobago 287

Turks and Caicos Islands 290

Uruguay 383

U.S. Virgin Islands 205

Venezuela 387

(iii) Africa and Middle East

*Abu Dhabi 602

Algeria 702

Angola 704

Benin (formerly Dahomey) 724

Botswana 706

Burkina Faso 802

Burundi 708

Cameroon Republic (include the Bank of Central African States (BEAC)) 712

Cape Verde Islands 714

Central African Republic 716

Chad 718

Cocos (Keeling) Islands 814

Comoros Islands 720

Congo, Democratic Republic of (formerly Zaire) 804

Congo, People's Republic of 722

Côte d’Ivoire 742




*Dubai 606

Djibouti 730

Egypt 608 Equatorial Guinea 726 Eritrea 727 Ethiopia 728 Gabon 732 Gambia 734 Ghana 736 Guinea 738 Guinea-Bissau 740 Heard and MacDonald Islands 816 Iran 610 Iraq 612 Israel 614 Jordan, Hashemite Kingdom of 616 Kenya 744 Kuwait, State of 618 Lesotho 746 Liberia 748 Libya, Arab Republic of 622 Madagascar (Malagasy Republic) 750 Malawi 752 Mali 754 Mauritania 756 Morocco 760 Mozambique 762 Namibia 764 Niger 766 Nigeria 768 Oman 626 Palestinian Territory 627 Qatar 628 Reunion Islands 770 Rwanda 774 Sao Tomé and Principe 778 Saudi Arabia 630 Senegal (include the Central Bank of West African States (BCEAO)) 780 Seychelles 782 Sierra Leone 784 Somalia 786 St. Helena 776 South Africa 701 South Sudan 791 Sudan 790 Swaziland 792 Syria 632 Tanzania 794 Togo 796 Tunisia 798 Uganda 800 *United Arab Emirates 634 Western Sahara 788




Yemen, Republic of 636 Zambia 806 Zimbabwe (formerly Rhodesia) 772 * Report Abu Dhabi and Dubai separately from other members of United Arab Emirates.

(iv) Asia and Pacific

Afghanistan 648

American Samoa 832

Antarctica 834

Armenia 647

Azerbaijan 649

Bangladesh 650

Bhutan, Kingdom of 652

British Indian Ocean Territory 710

Brunei 654

Cambodia 664

China, People's Republic of 640

Chinese Taipei 690

Christmas Island 840

Cook Islands 826

Fiji 842

French Polynesia 844

Georgia 657

Guam 848

India 660

Indonesia 662

Johnston Island 850

Kazakhstan 665

Kiribati (Canton and Enderbury, Gilbert Island,

Phoenix Islands, Line Islands) 846

Korea, Republic of (south) 666

Korea, Democratic People's Republic of (north) 642

Kyrgyz Republic 667

Laos 668

Malaysia 672

Maldives, Republic of 674

Marshall Islands 872

Micronesia 874

Midway Island 852

Mongolia 644

Myanmar (formerly Burma) 656

Nauru 818

Nepal, Kingdom of 676

New Caledonia 854

Niue Island 828

Norfolk Island 820

Pacific Islands (Trust Territory) 858

Pakistan 678

Palau 876

Papua New Guinea 822




Philippines 680

Pitcairn Islands 860 Solomon Islands 836 Sri Lanka 688 Tajikistan 691 Thailand 692 Timor Leste 682 Tokelau or Union Islands 830 Tonga 862 Turkmenistan 693 Tuvalu 838 U.S. Miscellaneous 864 Uzbekistan 695 Vietnam 646 Wake Island 866 Wallis and Futuna Islands 868 D. International organizations and other institutions Multilateral development banks (see List of international organizations) 924 Other International organizations (see List of international organizations) 900 Bank for International Settlements 915 European Central Bank 923 E. Unallocated

Shipping loans 930 Other 935 F. Canada 146 Totals 999

CURRENCY CODES

1 Canadian currency 2 U.S. dollars 3 British pound sterling 4 Euro 5 Swiss francs

6 All other currencies

7 Japanese yen




GENERAL INSTRUCTIONS

The information reported in Part I and II covers claims, other exposures, and liabilities booked at foreign branches,

foreign agencies, foreign corporations controlled by the bank, and at foreign branches or offices of Canadian

corporations controlled by the bank. International departments or divisions are considered to be residents of the

country in which the office is located. The level of consolidation for this return should be the same as that for the

balance sheet. The positions of investment dealer subsidiaries are to be consolidated into this return.

All foreign and Canadian currency claims, other exposures, and liabilities (whether vis-à-vis residents or

non-residents of Canada) are to be reported on this return.

Separate data are required with respect to positions in Canadian dollars, U.S. dollars, British pound sterling, Euros,

Swiss francs, Japanese yen and "all other foreign currencies". The foreign currency positions are to be converted into

Canadian currency equivalent amounts at the exchange rates used to convert foreign currency amounts reported on

the Balance sheet (M4), to maintain the consistency and comparability between these two reports.1

As of January 1, 1999, members of the European Monetary Union (EMU) merged their currencies into a new

currency, the Euro. EMU members include: Austria, Belgium, Cyprus (2008), Estonia (2011), Finland, France,

Germany, Greece (2001), Ireland, Italy, Latvia (2014), Lithuania (2015), Luxembourg, Malta (2008), Netherlands,

Portugal, Slovak Republic (2009), Slovenia (2007) and Spain. Prior to January 1, 1999, EMU member currencies

were reported in the “Other Currencies” column, with the exception of Deutsche Marks, which were reported

separately. Beginning January 1, 1999, all Euro currency entries (i.e., entries for all EMU members) are reported in

the “Euro” column.

Claims, other exposures, and liabilities are referred to as column numbers; this reference is for the purposes of

reporting the return to the Bank of Canada. The residency of counterparties on both an immediate risk and ultimate

risk (guarantor) basis is to be indicated according to a three-digit country code provided in the List of Country Codes.

References to "sections" in these instructions are intended to refer to the various sections on the List of Country

Codes.

All claims and other exposures are to be reported gross of any allowances for impairment. Accrued interest is to be

excluded from all parts of the return. Exclude all gold and silver balances, net debit or credit items in transit vis-à-vis

third parties and items reported as "other" assets and liabilities items on the month-end balance sheet, except

obligations related to assets sold under repurchase agreements.

Claims, other exposures, and liabilities are to be initially classified on a geographical basis according to the mailing

address of the counterparty, unless the bank is aware that the resident status of the counterparty is different from their

mailing address. Foreign branches or foreign subsidiaries of Canadian corporations are classified as non-residents

(making them residents of the foreign country in which they are operating), while branches or subsidiaries of foreign

corporations operating in Canada are classified as residents. Claims, other exposures and liabilities vis-à-vis

international organizations (multilateral development banks and other international organizations) are to be reported

separately in section D of the return (see List of country codes).

Bearer term deposits, covered bonds, subordinated debt and other similar negotiable instruments for which the

institution has no way of knowing the residency of the holder of such instruments are to be reported in section E

(country code 935) on Part II of the return under the column ‘Unallocated by sector’.

1 Prior to March 1, 2017, the foreign currency amounts were translated into Canadian currency equivalent amounts using closing

foreign exchange rates provided by the Bank of Canada. Currencies for which the Bank of Canada did not provide closing rates

were converted to Canadian currency equivalents using a representative closing market mid-rate or the other market rate

available.




In section E of the list of country codes, reference is made to shipping loans. "Shipping loans" are defined to be

those loans made upon the security of a ship to an entity whose address reflects its desire to fly "flags of

convenience" (usually Liberian or Panama), and whose income is generated by chartering its ship to a resident of

another country. Since it is difficult to ascertain where the borrower is domiciled and who the guarantor might be,

these types of loans should be reported separately in section E (Unallocated, country code 930). It is not necessary to

file any information regarding risk transfers for these types of loans.

For reporting purposes, total immediate risk claims (including local claims in local currency), outward risk and inward risk transfers, deposits payable, debt securities issued and repo transactions are further disaggregated by sector (Banks, Central banks, Non-bank financial institutions, Non-financial corporations, General government, Households, Total non-financial sector and Unallocated by sector). Bearer term deposits, covered bonds and other similar negotiable instruments for which the institution has no way of knowing the sector of the holder, may be reported under Debt securities issued - Unallocated by sector category. International organizations other than those considered central banks do not need to be allocated by sector and may be reported under Unallocated by sector category.

Claims and outward and inward risk transfers are further broken down by type of claims (Cross-border, Local in

Local currency, and Local in Foreign currency).

Claims, deposits payable and debts securities issued are also disaggregated by place of booking (US, UK, Developed

reporting countries, Off-shore countries and Other).

Residual term to maturity breakdown (1 year or less, over 1 to 2 years, over 2 years and Unallocated) is to be

reported for total claims (including local claims in local currency). Claims that cannot be classified by maturity, such

as equity, should be assigned to the residual category “Unallocated”. Subordinated debt with a remaining maturity 1

year or less is to be reported separately as an “of which” category under total subordinated debt. Banks’ own issues

of debt securities with original term to maturity of one year or less and long-term securities with remaining maturity

of one year or less are to be reported separately as well.

With respect to the sector breakdown, the return makes use of the 1980 Statistics Canada Standard Industrial

Classification (SIC) and the North American Industry Classification System (NAICS) to identify borrowers. The

concept of institutional sectors used in this return conforms to the attached definition.

Note that Statistics Canada’s Standard Industrial Classification speaks only to the Canadian situation. These must be

adapted by institutions, unless specified otherwise, for borrowers outside of Canada.




Banks • Chartered banks in Canada that are in Schedule I or II of the Bank Act (see SIC, Division K, Class 7021), foreign bank branches in Canada

and all institutions elsewhere that are regarded as banks in the countries in which they are incorporated and supervised by the appropriate

banking supervisor or central bank.

Central banks • SIC, Division K, Class 7011 (See list of central banks and official monetary authorities)

Financial

institutions

Private and public financial institutions other than banks, engaged primarily in the provision of financial services and activities

auxiliary to financial intermediation such as fund management.

• Credit unions and caisses populaires, trust companies and mortgage loan companies (see SIC, Division K, Classes 7029, 7031, 7041, 7042,

7051, 7052 and 7099).

• Life insurance companies, fraternal benefit societies, property and casualty insurance companies and trustee and other pension plans (see SIC,

Division K, Class 7291, 7299 and Major Group 73.

• Investment dealers (see SIC, Division K, Group 741) and mutual funds, hedge funds, closed-end funds, mortgage investment companies, real

estate investment trusts, sales finance and consumer loan companies and other private financial institutions (such as financial leasing and

venture capital companies, see SIC, Division K, Groups 71, 72 and Groups 742, 743 and 749).

Include: Multilateral development banks (see List of international institutions)2

Non-financial

corporations

All emanations of governments that carry on a business or that have their own borrowing authority.

All Canadian and foreign non-financial public corporations.

All privately and publicly owned corporations and unincorporated businesses.

• Agriculture - SIC, Division A, Major Groups 01 and 02

• Fishing and Trapping - SIC, Division B, Major Group 03

• Logging and Forestry - SIC, Division C, Major Groups 04 and 05

• Mining, Quarrying and Oil Wells - SIC, Division D, Major Groups 06 to 09

• Manufacturing - SIC, Division E, Major Groups 10 to 12,15 to 19, 24 to 33, 35 to 37 and 39

• Construction Industries- SIC, Division F, Major Groups 40 to 42 and 44

• Transportation and Storage Industries- SIC, Division G, Major Group 45 to 47

• Communication and Other Utility Industries – SIC, Division H, Major Group 48 and 49

• Wholesale trade – SIC Division I, Major Groups 50 to 57 and 59

• Retail trade - SIC, Division J, Major Groups 60 to 65 and 69

• Real Estate Operator and Insurance Agent Industries- Division L, Major Groups 75 and 76

• Business Service Industries - SIC, Division M, Major Group 77

• Educational Service Industries – SIC, Division O, Groups 852 to 855 and 859

• Health and Social Service Industries – SIC, Division P, Major Group 86

2 Multilateral development banks may be classified as unallocated by sector.




• Accommodation, Food and Beverage Service Industries – SIC, Division Q, Major Groups 91 and 92

• Other Service Industries – SIC, Division R, Major Groups 96 and 99 General

government

All governments in a country whether central, provincial, state, regional, municipal or local, their departments and agencies. In addition, it

includes non-profit institutions engaged in non-market production that are controlled and mainly financed by government units and social

security funds.

• Government Service Industries – SIC, Division N, Major Groups 81 to 84

• Elementary and Secondary Education – SIC, Division, Group 851

Households • Individuals, families and unincorporated enterprises owned by households.

Non-financial

sector • All non-financial sector quoted above (corporations, general government, households), plus all non-financial sector International

organizations (i.e. excluding multilateral development banks). See List of International organizations.3

Unallocated

by sector • Sector of the counterparty unknown.

North American Industry Classification System (NAICS)

Banks • 522111: Chartered banks in Canada that are in Schedule I or II of the Bank Act, foreign bank branches in Canada and all

institutions elsewhere that are regarded as banks in the countries in which they are incorporated and supervised by the

appropriate banking supervisor or central bank.

Exclude: Canadian trust companies and mortgage loan companies.

Central banks • 5211: See list of central banks and official monetary authorities.

Financial Institutions Private and public financial institutions other than banks, engaged primarily in the provision of financial services and activities

auxiliary to financial intermediation such as fund management.

• Group 522: Credit intermediation and related activities (excluding Banks)

• Group 523: Securities, commodity contracts, and other financial investment and related activities

• Group 524: Insurance carriers and related activities

• Group 526: Funds and other financial vehicles

Include: Multilateral development banks (see List of international institutions)4 and

Financial holding companies. Non-financial

corporations

All emanations of governments that carry on a business or that have their own borrowing authority.

All Canadian and foreign public corporations.

All privately and publicly owned corporations and unincorporated businesses:

3 International organizations may be classified as unallocated by sector. 4 Multilateral development banks may be classified as unallocated by sector.




• Group 11: Agriculture, forestry, fishing and hunting

• Group 21: Mining, quarrying, and oil and gas extraction

• Group 22: Utilities

• Group 23: Construction

• Groups 31 – 33: Manufacturing

• Group 41: Wholesale trade

• Groups 44-45: Retail trade

• Groups 48-49: Transportation and warehousing

• Group 51: Information and cultural industries

• Group 524210: Insurance agencies and brokerage

• Group 53: Real estate and rental and leasing

• Group 54: Professional, scientific and technical services

• Group 55: Management of companies and enterprises (exclude financial holding companies)

• Group 56: Administrative and support, waste management and remediation services

• Group 61: Educational services (exclude Elementary and secondary schools 6111)

• Group 62: Health care and social assistance

• Group 71: Arts, entertainment and recreation

• Group 72: Accommodation and food services

• Group 81: Other services (except public administration)

General government All governments in a country whether central, provincial, state, regional, municipal or local, their departments and agencies. In

addition, it includes non-profit institutions engaged in non-market production that are controlled and mainly financed by

government units and social security funds.

• Groups 91: Public administration

• Group 6111: Elementary and secondary schools

Households • Individuals, families and unincorporated enterprises owned by households.

Non-Financial sector • All non-financial sector quoted above (corporations, general government, households), plus all non-financial sector

International organizations (i.e. excluding multilateral development banks). See List of international organizations.5

Unallocated by sector • Sector of the counterparty unknown.

5 International organizations may be classified as unallocated by sector.




Type of claim:

“Cross-border” claims are defined as claims on residents of countries other than the country in which the claim is

booked.

“Local” activities are those claims of an office of a bank made with residents of the country in which the office

booking the claim is located.

“Local claims in local currency” involve local claims denominated in the local currency of the country in which

the banking office is located. Local currencies are defined as those that are issued by the relevant countries

themselves or currencies whose issuance a country can influence as in the case of a monetary union.

“Local claims in foreign currency” involve local claims denominated in non-local currency.

With the introduction of the Euro on January 1, 1999, the meaning of “Local claims in local currency” activities was

broadened to recognize the Euro currency as the local currency of all of the countries in the European Monetary

Union. For example, a claim against a German resident booked in Germany in French Francs would not have been

considered “Local claims in local currency” prior to the introduction of the Euro, but is now classified as a “Local

claims in local currency” claim beginning January 1, 1999.

Risk transfers:

Information on claims reported on an immediate risk basis that can be reallocated to the country (and/or sector

and/or type of claim) where the final risk lies, is to be reported by way of outward and inward risk transfers.

Risk transfers refer to credit risk mitigants that shift a bank’s credit exposure from the immediate counterparty to a

guarantor, to another counterparty or collateral that guarantees the claim.

The immediate counterparty is the direct party to a contract. For deposits accepted, the immediate counterparty is the

depositor; for loans extended, the immediate borrower; for debt and equity securities holdings, the issuer of the

securities; and for short sales of securities, the issuer of the securities borrowed or delivered in a reverse repurchase

agreement.

The guarantor is the ultimate party to a contract, who is contractually bound to assume responsibility for the

performance of the contract in the event of default by the immediate counterparty.

Risk transfers do not eliminate credit risk; they redistribute it across counterparties. For every outward risk transfer

from the immediate counterparty, there is an equivalent inward risk transfer to the guarantor. For example, if a 1

million loan to a company in country A is guaranteed by the company’s parent in country B, the guarantee results in

an outward risk transfer from country A and an inward risk transfer to country B. For purposes of risk transfer, this

transaction would be reported as follows:

(Thousands of Canadian Dollars)

Claims On Loans Outward Risk

Transfer

Inward Risk

Transfer

(1) 2) (3) (4)

1. Country A 1,000 1,000

2. Country B 1,000




There are four types of risk transfer recognized by the Basel Committee on Banking Supervision (BCBS)

standards: parent guarantees to branches, explicit guarantees by parents and third parties, credit derivatives, and

collateral. Criteria for recognizing these are defined in Table 1.

Risk transfers Table 1

Type of risk transfer Criteria for recognition

Parent guarantees

to branches

Branches are always considered as being guaranteed by their immediate parent, even in

the absence of an explicit guarantee. This is because branches are usually not separate

legal entities.

Explicit guarantees

from parents to

subsidiaries or

from third parties

Guarantees must be explicit, direct, irrevocable (i.e. they must not be unconditionally

cancellable by the guarantor), and legally enforceable in all relevant jurisdictions.

Exposures to subsidiaries are not considered as being guaranteed by the parent unless

there is an explicit guarantee.

Credit derivatives Credit protection bought to hedge credit risk exposures in banks’ banking book. Credit

default swaps, total return swaps and other credit derivatives can be recognized as risk

transfers only if they provide credit protection similar to explicit guarantees. Credit

derivatives held in banks’ trading book are not recognized as risk transfers.

Collateral Assets pledged to hedge in whole or in part credit risk exposures in banks’ balance sheets.

For collateral to provide credit protection, the bank must have the right to liquidate or

take legal possession of it in a timely manner in the event of default, and the credit quality

of the immediate counterparty and the value of the collateral must not have a material

positive correlation. Securities bought under reverse repurchase agreements are

considered as having the same characteristics as collateral and should therefore be treated

as collateral.

Risk transfers should be valued at face value or, for credit derivatives, notional value. If the face value of the risk

transfer exceeds the value of the underlying claim to which it relates, then the value of the underlying claim should

be used. Unadjusted values may be used, excluding haircuts and adjustments for future fluctuations in value.

If full credit protection is provided by more than one source – for example, from multiple guarantors or multiple

forms of collateral – then the risk transfer that has the highest credit quality should be recognized. For instance, for a

claim on a branch for which eligible collateral is posted, the risk transfer should be determined according to whether

the counterparty’s parent or the collateral is of higher credit quality. If partial credit protection is provided by

multiple sources, then claims on a guarantor basis should be apportioned according to either a predefined share or

from highest credit quality to lowest credit quality. Where national prudential standards differ from these

guidelines, national standards may be followed.

Where banks are unable to allocate outward risk by country because the protection has been purchased to cover a

group, e.g., an industry exposure, banks are to use a reasonable weighted-average allocation formula, e.g., weighted-

average based on total claims of the group.




Table 2 provides a list of financial instruments that can be recognized as collateral and illustrates who should be

considered the guarantor. The list consists of instruments that are judged to have sufficient market liquidity such that

they can be liquidated promptly, mainly cash and securities (BCBS (2017b), paragraphs 146 to 149)6. Where national

prudential standards for recognizing collateral differ from the BCBS’s standards, national standards may be

followed.

Securities repurchase (repo) agreements involve the provision of securities as collateral for a loan. In a repo, the

immediate counterparty is the cash taker, who incurred a loan liability. The security is treated as collateral for the cash

provider, and the guarantor is the issuer of the collateral. Similarly, for sale buybacks and securities lending, the

guarantor is the issuer of the collateral.

Collateral

Table 2

Type of collateral Guarantor

Currency (notes and coins)

Currency issuing authority (i.e. central bank)

Deposits Bank where the cash is deposited

Gold Custodian bank

Securities Issuer of the security

Other collateral

Commercial real estate

Non-financial corporation in the country where the asset is located

Residential real estate Household in the country where the asset is located

Movable assets Owner of the asset

In the case of security holdings, such as credit-linked notes and other collateralized debt obligations and asset-

backed securities, a “look-through” approach should be adopted and the country of guarantor is defined as the

country where the debtor of the underlying credit, security or derivative contract resides.

Where banks are unable to allocate the country and sector of the collateral issuer, e.g. in situations where a third

party agent is used to process various poste-trade activity during the life of the transaction, the country and sector of

the guarantor, i.e. inward risk transfer, may be reported as unallocated.

Inward and outward risk transfers are used to report transfer of risk from one sector to another sector, even when the

country of the immediate risk and the country of ultimate risk (guarantor) are the same. The total for all outward risk

transfers will equal the total for all inward risk transfers.

The following equation illustrates how to derive claims on an ultimate risk (guarantor) basis:

Total Claims - Outward Risk + Inward Risk = Total Claims

Immediate Risk Basis Transfer Transfer Ultimate Risk (Guarantor) Basis

6 BCBS (2017)

https://www.bis.org/bcbs/publ/d424.htm




Credit derivatives, such as credit default swaps and total return swaps, that belong to the trading book of the

protection buying reporting bank should only be reported under the “Derivatives” category, and all other credit

derivatives should be reported as “Guarantees” by the protection seller (see Guarantees and Other Unused Credit

Commitments below).

Reporting of Credit derivatives Table 3

Buy protection Sell protection

Banking book Risk transfers Guarantees

Trading book Derivatives Guarantees

Derivatives – Ultimate risk (guarantor) basis:

Banks are to provide data on financial claims (i.e., positive market values) resulting from derivative contracts. The

data should be reported on an ultimate risk (guarantor) basis, i.e., the positions should be allocated to the country

where the final risk lies. The data should cover in principle all derivative instruments that are reported in the context

of the BIS regular OTC derivatives statistics. The data thus mainly comprise forwards, swaps and options relating to

foreign exchange, interest rate, equity, commodity, and credit derivative instruments. As previously indicated, credit

derivatives, such as credit default swaps and total return swaps, should only be reported under the item “derivatives

claims” (and at market value) if they are held for trading by a protection-buying reporting bank. Credit derivatives

that are not held for trading, e.g. those held in the banking book, should be reported as “risk transfers” (and at

notional value) by a protection-buying reporting bank. For a protection selling reporting bank, all credit derivatives

(i.e. CDS sold) should be reported as “guarantees”) (see credit derivatives Table 3). Note that CDS sold should be

reported at gross notional values and vis-à-vis the country of the underlying reference entity where the ultimate

(final) risk lies.

Derivatives Valuation

Reporting of financial claims and liabilities resulting from derivatives instruments should be consistent with

“replacement value” and compliant with accounting standards used to produce the balance sheet. All derivatives

instruments with a positive market value should be treated as assets and those with a negative market value as

liabilities. Derivatives should be reported on a contractual, post-novation basis.

For derivatives contracts that involve multiple or two-way payments, such as swaps and forwards, the market value is

the net present value of the payments to be exchanged by counterparties between the reference date and the contract’s

maturity. In other words, forwards and swaps should be recorded as if they were one transaction and not two separate

legs. Consider a foreign exchange (FX) swap in which a bank initially exchanges USD 140 million for EUR 100

million. Table 4 illustrates the notional and market values of the contract at different exchange rates. If the USD

depreciates to EURUSD 1.5, then for the bank that receives USD at maturity the market value of the swap is negative

and so is reported as a liability of USD 10 million. If the USD appreciates to EURUSD 1.3, then for the same bank

the market value is positive and so the swap is reported as an asset.

Example of how to report a foreign exchange swap

Table 4

Reference date

Exchange rate

on reference

date

Instrument

Notional value

(in USD m)

Market value

(in USD m)

t = 0 (initiation) EURUSD 1.4 Assets: derivatives

Liabilities: derivatives

140 (receive USD 140m)

140 (pay EUR 100m)

0




t + 3 months EURUSD 1.5 Assets: derivatives


140 (receive USD140m)

150 (pay EUR 100m)

.

10

t + 6 months

EURUSD 1.3 Assets: derivatives


140 (receive USD 140m)

130 (pay EUR 100m)

10

.

Currency of denomination:

For foreign exchange (FX) derivatives, the currency of denomination depends on the market value of the contract on

the reference date. If an FX derivative is reported as an asset (i.e. the market value of the contract is positive), then

the currency of denomination is the currency of the long leg: the currency received at maturity. If an FX derivative is

recorded as a liability (i.e. the market value of the contract is negative), then the currency of denomination is the

currency of the short leg: the currency paid at maturity. The switching between short and long positions reflects the

bank’s net exposure to movements in the exchange rate.

In the example from Table 4, where a bank exchanges USD 140 million for EUR 100 million: if the USD

depreciates to EURUSD 1.5, then the bank that receives USD at maturity will report the swap as a liability of USD

10 million denominated in EUR. If the USD appreciates to EURUSD 1.3, then the same bank will report the swap as

an asset of USD 10 million denominated in USD.

Note that all foreign currency positions are to be converted into Canadian currency for reporting purposes. Guarantees and Other Unused Credit Commitments: Data are to be reported on exposures to the reporting bank via guarantees and unused credit commitments other than guarantees. These are to be reported on an ultimate risk (guarantor) basis, i.e., the positions allocated to the country where the final risk lies. Both types of data should be reported to the extent that they represent the unutilized portion of both binding contractual obligations and any other irrevocable commitments. Performance bonds and other forms of guarantee should only be reported if, in the event of the contingency occurring, the resulting claims would have an impact on total balance sheet claims. Guarantees or commitments that can be cancelled unconditionally are presumed to be revocable and thus should not be included. A more detailed definition of guarantees and other credit commitments and a non-exhaustive list of typical instruments that qualify as guarantees and other credit commitments are provided below. “Guarantees” are contingent liabilities arising from an irrevocable obligation to pay a third-party beneficiary when a client fails to perform some contractual obligation. They include secured, bid and performance bonds, warranties and indemnities, confirmed documentary credits, irrevocable and standby letters of credit, acceptances and endorsements. Guarantees extended also include the contingent liabilities of the protection seller of credit derivatives instruments (see credit derivatives Table 3).

“Other unused credit commitments” are arrangements that irrevocably obligate an institution, at a client’s request, to extend credit in the form of loans, participation in loans, lease financing receivables, mortgages, overdrafts or other loan substitutes or commitments to extend credit in the form of the purchase of loans, securities or other assets. Normally commitments involve a written contract or agreement and some form of consideration, such as a commitment fee. This definition is identical to that used in the Capital Adequacy Return. Include customers’ liability under acceptances (Assets 4 of the month-end balance sheet). Do not include such items as letters of awareness or intent, comfort letters, or similar documents. Contingent liabilities resulting from guarantees and credit commitments should be valued at face value or the maximum possible exposure.




SPECIFIC INSTRUCTIONS PART I – ASSETS AND OTHER EXPOSURES

Positions on an immediate risk basis

Columns 128, 129 and 90- Deposits with Banks, Central banks and Financial Institutions, and Bank notes and

other coin

Deposits with other banks, central banks and financial institutions are to be reported geographically

according to the location of the institution’s branch where the deposit is held. Banks’ holdings of notes and

coins that are in circulation and commonly used to make payments are also to be reported in these columns.

Due to the impossibility of allocating euro notes to the specific issuing euro area country, these banknotes

and coins are to be allocated as claims on the European central bank (C923).

Exclude net debit items in transit.

Columns 130, 91, 92, 93, 94, 95, 96, 97, 133, 98, 424, 426, 427, 428, 429, 430, 136, 433, 434, 435, 108, 109,

436, 111 and 139 - Securities

Securities are to be reported at balance sheet value, gross of any allowance for impairment and are to be

reported geographically according to the country of residence of the issuer. Short-term securities are those

with an original term to maturity of one year or less, with the exception of Government of Canada securities

where short-term securities are those with a remaining term to maturity of 3 years or less

Columns 145, 437, 113, 114, 115, 116, 117, 118 and 119- Loans

All loans are to be reported at balance sheet value, gross of any allowance for impairment. Loans include

lease receivables. Report reverse repurchase agreements included in loans under “of which” category 119.

Column 149 - Total Claims

Report the total of columns 128, 129, 90, 139, 145, 437, 113, 117 and 118.

Columns 60, 61, 62, 150 and 63- Distribution of Total Claims by Place of Booking

The total of column 149 is to be distributed according to the country in which the claim is booked. Other

developed reporting countries (column 62) consist of countries included in the attached list of developed

reporting countries – except for Canada, the U.S., and the UK. Offshore countries (column 150) consists of

all countries included in section B of the list of country codes (Offshore centers). "Other" (column 63)

includes all other countries other than Canada, the U.S., the U.K., other developed reporting countries, and

off-shore countries.

Columns 151, 152, 153 and 425 - Distribution of Total Claims by Residual Term to Maturity

Distribute total claims (column 149) according to residual term to maturity. The maturity distribution should

reflect amortization periods or final maturity dates, rather than interest adjustment or rollover dates. Installment

loans should be allocated to the periods in which the installment payments are made. Demand loans should be

classified as claims with a maturity of one year or less. If a claim involves a sinking fund, use the final maturity

date. Equities are to be included in column 425 (unallocated) along with the data for which it is not necessary

to report maturity, e.g., deposits with individual banks, securities holdings of specific issues amounting to

$200,000 or less, and loans made under authorizations of $200,000 or less.




Columns 431, 432 and 157 – Distribution of Total Claims by Type of Claim

Distribute total claims (column 149) according to type of claims, i.e., cross border, local claims in foreign

currency, or local claims in local currency. See general instructions regarding more details on types of claims.

Column 158 – of which: Claims on units of banks with head offices in developed reporting countries

Report the portion of local claims in local currency (column 157) that represents claims on units of banks that

have their head office in developed reporting countries (see List of developed reporting countries).

Columns 441, 185, 186, 187, 188, 189, 190, 191 451, 452, 453 and 455 - Distribution of Local Claims in Local

Currency by sector and residual term to maturity

Distribute local claims in local currency (column 157) according to the sector and residual term to maturity. The

maturity distribution should reflect amortization periods or final maturity dates, rather than interest adjustment

or rollover dates. Installment loans should be allocated to the periods in which the installment payments are

made. Equities are to be included in column 455 (unallocated) along with the data for which it is not necessary

to report maturity, e.g., deposits with individual banks, securities holdings of specific issues amounting to

$200,000 or less, and loans made under authorizations of $200,000 or less.

Risk transfers

Columns 461, 380, 381, 382, 383, 384, 385, 386, 464, 465, 466 and 467 - Outward Risk Transfers

Report the amounts in column 149 which are guaranteed or assured through some type of commitment by a

party in another country or another sector in the same country, or that should be transferred to another type of

claim. For example, a claim might be considered “cross border” vis-à-vis the immediate risk but “local”

vis-à-vis counterparty of ultimate risk (see general instructions).

Columns 471, 387, 388, 389, 390, 391, 392, 393, 474, 475, 476 and 477 - Inward Risk Transfers

Report the amount of any guarantees and other types of credit commitments made by residents of each country

related to claims that the reporting bank has on residents of other countries or another sector in the same

country, or that should be transferred to another type of claim.

Positions on an ultimate risk (guarantor) basis

Column 480 – Total Claims on Ultimate Risk (Guarantor) Basis

Report the total of columns 149 less 464 plus 474.

Columns 491 and 492 – Unused Credit Commitments

Report separate amounts for “guarantees” and “other” types of unused credit commitments on an ultimate risk

(guarantor) basis (see general instructions). When the currency of future borrowings is not known at the

reporting date, report such commitments under the currency in which the maximum authorized drawdown for

the loan is stated.

Columns 493 – Derivatives

Report the market value of OTC derivative contracts on an ultimate risk (guarantor) basis (see general

instructions).




PART II- LIABILITIES

Columns 500, 505, 510, 515, 520, 525, 530 and 535 - Deposits Payable

Report debt instruments that are not negotiable and are represented by evidence of a deposit.

Columns 500 - Deposits payable to banks

Deposits payable to other banks are to be classified geographically according to the residency of the branch of

the depositing bank. Exclude net credit items in transit.

Column 505 - Deposits payable to central banks and other official monetary authorities

Include deposits payable to central banks and other official monetary authorities (see List of central banks and

other official monetary authorities).

Columns 510, 515, 520, 525, 530, 535 - Deposits payable to non-banks and unallocated by sector

Report deposits payable to Financial institutions, Non-financial corporations, General government, Households,

Total non-financial sector and deposits unallocated by sector.

Columns 540, 545, 550, 555, 560, 565, 570, 575, 580 and 585 – Debt Securities Issued

Columns 540, 545, 550, 555, 560, 565, 570, 575

Report debt securities that are negotiable financial instruments serving as evidence of a debt. Negotiability refers to

the fact that legal ownership of the instrument is readily capable of being transferred from one owner to another by

delivery or endorsement. While any financial instrument can potentially be traded, negotiable instruments are

designed to be traded on an organized exchange or “over the counter” (OTC), although actual trading is not a

necessary condition for negotiability. The OTC market involves parties negotiating directly with one another, rather

than on a public exchange.7

The most common types of debt security include bills, bonds, notes, negotiable certificates of deposit, commercial

paper, debentures, asset-backed securities, and similar instruments normally traded in the financial markets that

serve as evidence of a debt.

Common types of debt security are those sold on:

• A coupon basis, stipulating that periodic interest, or coupon payments will be made during the life of the

instrument and that the principal will be repaid at maturity.

• An amortized basis, stipulating that interest and principal payments will be made in installments during the

life of the instrument.

• A discount, or zero-coupon basis, whereby a debt security is issued at a price that is less than its face (or

par) value, and the interest and principal are paid at maturity.

• A deep discount basis, whereby a debt security is issued at a price that is less than face value, and the

principal and a substantial part of the interest are paid at maturity.

• An indexed basis, which ties the amount of interest and/or principal payment to a reference index, such as a

price index or an exchange rate index, or to the price of a commodity (e.g., gold)

7 See paragraphs 3.2 to 3.6 of the Handbook on Securities Statistics for a definition and a list of instruments

Handbook on Securities Statistics (bis.org) and the Balance of Payments and International Investment Position Manual,

Sixth Edition (BPM6) paragraph 5.44 https://www.imf.org/external/pubs/ft/bop/2007/pdf/bpm6.pdf

https://www.bis.org/publ/othp23.pdf

https://www.imf.org/external/pubs/ft/bop/2007/pdf/bpm6.pdf




(See Table 5 for list of Types of debt securities)

Column 580 – “of which” category

Report debt securities included in categories 540, 545, 550, 555, 560, 565, 570, 575 with an original term to

maturity of one year or less.

Column 585 – “of which” category

Report long term debt securities (original maturity over one year) included in categories 540, 545, 550, 555,

560, 565, 570, 575 with remaining term to maturity of one year or less.

Column 176 - Total of all deposits payable and debt securities issued

Report the total of columns 500, 505, 510, 530, 535, 540, 545, 550, 570 and 575.

Columns 80, 81, 82, 177 and 83 - Distribution of Total Liabilities by Place of Booking

The total of column 176 is to be distributed according to the country in which the liability is booked. Other

developed reporting countries (column 62) consist of countries included in the attached list of developed

reporting countries – except for Canada, the U.S., and the UK. Offshore countries (column 150) consist of all

countries included in section B of the list of country codes (Offshore centers). The "other" (column 63) includes

all other countries other than Canada, the U.S., the U.K., other developed reporting countries, and off-shore

countries.

Column 178 and 306 - Subordinated debt

Report subordinated debt outstanding. If residency of the holder is unknown, report these amounts in Section E

(country code 935). Subordinated debt with a remaining maturity of up to and including one year should also be

reported under column 306.

Column 179 - Local Liabilities in Local Currency included in Total column 176

Report the amounts in column 176 that are deposits payable to residents of the country in which the office of the

bank that has booked the liability is located and that are denominated in the local currency of that country. For

this purpose, local currencies can be defined as those that are issued by the relevant countries themselves or

currencies whose issuance a country can influence as in the case of a monetary union. Include these local

liabilities in all preceding columns. With the introduction of the Euro on January 1, 1999, the meaning of

“Local in local currency” activities was broadened to recognize the Euro currency as the local currency of all of

the countries in the European Monetary Union (EMU). For example, a deposit payable to a German resident

booked in Germany in French Francs would not have been considered “Local in local currency” prior to the

introduction of the Euro, but is now classified as a “Local in local currency” liability beginning January 1, 1999.




Other Liabilities

Columns 590, 595, 600, 605, 610, 620, 625 and 315 – Repurchase agreements

Repurchase agreements are to be reported geographically according to the location and sector8 of the repo

counterparty.

Reconciliation with Month-end Balance Sheet (T2 report)

All banks are required, as at the end of each calendar quarter, to reconcile the information reported on this return and

the Geographical Distribution of Assets and Liabilities Booked in Canada Return with that reported on the

month-end balance sheet (M4).

The Quarterly reconciliation of the geographical distribution return with the consolidated monthly return of assets

and liabilities (T2) is to be submitted within 60 days of the calendar quarter. Banks that only report the Booked in

Canada return (GQ) should submit their reconciliation within 40 days of the calendar quarter.

Positions to be reported are shown below:

Claims

Total currency and foreign currency claims (excluding cash and cash equivalent) reported in the Geographical

Return as at the end of the calendar quarter:

- Columns 6-528-110-529+149-128-129-90

Total currency and foreign currency amounts excluded from Quarterly Geographical Return:

Individual and Group Allowance, Other

Other (specify)

Total currency and foreign currency claims (excluding cash and cash equivalents) reported on consolidated monthly

balance sheet as at the end of the calendar quarter:

- M4 Section 1-Assets, 2, 3

Deposits

Total currency and foreign currency deposits reported in the Geographical Return as at the end of the calendar

quarter:

- Columns 22, 176, 178 and 664

Total currency and foreign currency amounts excluded from Quarterly Geographical Return:

Specify

8 Reporting of Repurchase agreement sector breakdown is optional till 3Q2023 and required afterwards.




Total currency and foreign currency deposits reported in consolidated monthly balance sheet:

- Section II – Liabilities, 1,2 and 7

Deposit Liabilities (K4) compare (part of T2 report)

Bearer deposit notes and other negotiable fixed-term notes reported on Deposit Liabilities return (K4) are compared

to Debt securities issued, reported on this return and the Geographical Distribution of Assets and Liabilities Booked

in Canada return.

Types of debt securities Table 5

Security type Subtype

Bonds Debentures

Bonds Notes

Bonds Sinking fund bonds

Bonds Serial bonds

Bonds Mortgage bonds

Bonds Discount bonds

Bonds Zero coupon bonds

Bonds Perpetual bonds

Bonds Convertible bonds

Bonds Medium term notes

Bonds Stripped bonds

Bonds Real return bonds

Bonds Installment bonds

Bonds Covered Bond

Bonds Deposit Note

Bonds Asset-Backed Security

Money Market Bearer demand note

Money Market Banker's acceptance

Money Market Commercial paper

Money Market Certificate of deposit

Money Market Treasury bill




LIST OF DEVELOPED REPORTING COUNTRIES

Australia

Austria

Belgium

Canada

Denmark

Finland

France

Germany

Greece

Ireland

Italy

Japan

Luxembourg

Netherlands

Norway

Portugal

Spain

Sweden

Switzerland

United Kingdom

United States




LIST OF INTERNATIONAL ORGANIZATIONS (not exhaustive9)

International Organization Acronym Head office Counterparty Sector10 Country

group

African Development Bank

Group

AfDB Abidjan Non-bank financial

institution

924

African Union AU Addis Ababa Non-financial sector 900

Andean Development

Corporation

ADC Caracas Non-bank financial

institution

924

Arab Bank for Economic

Development in Africa

BADEA Khartoum Non-bank financial

institution

924

Arab Fund for Economic and

Social Development

AFESD Kuwait Non-bank financial

institution

924

Arab Monetary Fund AMF Abu Dhabi Non-bank financial

institution

924

Asian Clearing Union ACU Tehran Non-bank financial

institution

924

Asian Development Bank ADB Manila Non-bank financial

institution

924

Association of Southeast Asian

Nations

ASEAN Jakarta Non-financial sector 900

Caribbean Community and

Common Market

CARICOM Georgetown

(Guyana)

Non-financial sector 900

Caribbean Development Bank CDB St Michael

(Barbados)

Non-bank financial

institution

924

Central African States

Development Bank

CASDB Brazzaville Non-bank financial

institution

924

Central American Bank for

Economic Integration

CABEI Tegucigalpa Non-bank financial

institution

924

Central American Common

Market

CACM Guatemala City Non-financial sector 900

Colombo Plan Colombo Non-financial sector 900

Council of Europe CE Strasbourg Non-financial sector 900

Council of Europe Development

Bank

Paris Non-bank financial

institution

924

East African Development Bank EADB Kampala Non-bank financial

institution

924

Economic Community of West

African States

ECOWAS Lagos Non-financial sector 900

European Atomic Energy

Community

Euratom Brussels Non-financial sector 900

9 For a comprehensive list of international organizations, see also the BOP Vademecum prepared by Eurostat (not to be used

for sector classification)

10 International organizations may be classified as unallocated by sector.

https://ec.europa.eu/eurostat/documents/39118/40189/BOP+Vademecum+-+December+2016/a5e89ad8-254b-485d-a9cd-521885c616e4#page=131





group

European Bank for

Reconstruction and Development

EBRD London Non-bank financial

institution

924

European Free Trade

Association

EFTA Geneva Non-financial sector 900

European Investment Bank EIB Luxembourg Non-bank financial

institutions

924

European Organization for

Nuclear Research

CERN Geneva Non-financial sector 900

European Space Agency ESA Paris Non-financial sector

European Stability Mechanism

(prior to 2013 European

Financial Stability Facility)

ESM Luxembourg Non-bank financial

institution

924

European Telecommunications

Satellite Organization

EUTELSAT Paris Non-financial sector 900

European Union EU Brussels Non-financial sector 900

Food and Agriculture

Organization

FAO Rome Non-financial sector 900

Inter-American Development

Bank

IADB Washington Non-bank financial

institution

924

Intergovernmental Council of

Copper Exporting Countries

CIPEC Paris Non-financial sector 900

International Atomic Energy

Agency

IAEA Vienna Non-financial sector 900

International Bank for

Reconstruction and Development

World Bank

IBRD Washington Non-bank financial

institution

924

International Civil Aviation

Organization

ICAO Montreal Non-financial sector 900

International Cocoa Organization ICCO London Non-financial sector 900

International Coffee

Organization

ICO London Non-financial sector 900

International Committee of the

Red Cross

ICRC Geneva Non-financial sector 900

International Cotton Advisory

Committee

ICAC Washington Non-financial sector 900

International Development

Association

IDA Washington Non-bank financial

institution

924

International Finance

Corporation

IFC Washington Non-bank financial

institution

924

International Fund for

Agricultural

Development

IFAD Rome Non-financial sector 900

International Grains Council IGC London Non-financial sector 900





group

International Jute Study Group IJSG Dhaka Non-financial sector 900

International Labour

Organization

ILO Geneva Non-financial sector 900

International Lead and Zinc

Study

Group

ILZSG Lisbon Non-financial sector 900

International Maritime

Organization

IMO London Non-financial sector 900

International Maritime Satellite

Organization

INMARSAT London Non-financial sector 900

International Monetary Fund IMF Washington Non-bank financial

institution

924

International Olive Oil Council IOOC Madrid Non-financial sector 900

International Rubber Study

Group

IRSG London Non-financial sector 900

International Sugar Organization ISO London Non-financial sector 900

International Telecommunication

Union

ITU Geneva Non-financial sector 900

Islamic Development Bank IDB Jeddah Non-bank financial

institution

924

Latin American Association of

Development Financing

Institutions

ALIDE Lima Non-financial sector 900

Latin American Economic

System

SELA Caracas Non-financial sector 900

Latin American Energy

Organization

OLADE Quito Non-financial sector 900

Latin American Integration

Association

LAIA Montevideo Non-financial sector 900

Latin American Reserve Fund LARF Bogotá Non-bank financial

institution

924

League of Arab States LAS Cairo Non-financial sector 900

Multilateral Investment

Guarantee

Agency

MIGA Washington Non-bank financial

institution

924

Nordic Investment Bank NIB Helsinki Non-bank financial

institution

924

North Atlantic Treaty

Organisation

NATO Brussels Non-financial sector 900

Organisation for Economic Co-

operation and Development

OECD Paris Non-financial sector 900

Organisation of Eastern

Caribbean States

OECS Castries (St

Lucia)

Non-financial sector 900





group

Organization of American States OAS Washington Non-financial sector 900

Organization of Arab Petroleum

Exporting Countries

OAPEC Safat (Kuwait) Non-financial sector 900

Organization of Central

American States

OCAS San Salvador Non-financial sector 900

Organization of the Petroleum

Exporting Countries

OPEC Vienna Non-financial sector 900

OPEC Fund for International

Development

OFID Vienna Non-bank financial

institution

924

South Asian Association for

Regional Cooperation

SAARC Kathmandu Non-financial sector 900

United Nations Children’s Fund UNICEF New York Non-financial sector 900

United Nations committees,

funds and programmes, other

New York Non-financial sector 900

United Nations Conference on

Trade and Development

UNCTAD Geneva Non-financial sector 900

United Nations Educational,

Scientific and Cultural

Organization

UNESCO Paris Non-financial sector 900

Universal Postal Union UPU Berne Non-financial sector 900

West African Economic and

Monetary Union

WAEMU Ouagadougou Non-bank financial

institution

924

West African Economic

Community

WAEC Ouagadougou Non-financial sector 900

West African Monetary Agency WAMA Freetown(Sierra

Leone)

Non-bank financial

institution

924

Western European Union WEU Brussels Non-financial sector 900

World Council of Churches WCC Geneva Non-financial sector 900

World Health Organization WHO Geneva Non-financial sector 900

World Intellectual Property

Organization

WIPO Geneva Non-financial sector 900

World Meteorological

Organization

WMO Geneva Non-financial sector 900

World Tourism Organization UN WTO Madrid Non-financial sector 900

World Trade Organization WTO Geneva Non-financial sector 900




LIST OF CENTRAL BANK AND OTHER OFFICIAL MONETARY INSTITUTIONS (not exhaustive)

Country ISO Name of Central Bank City

Afghanistan AF Central Bank of Afghanistan Kabul

Albania AL Bank of Albania Tirana

Algeria DZ Bank of Algeria Algiers

Angola AO National Bank of Angola Luanda

Argentina AR Central Bank of Argentina Buenos Aires

Armenia AM Central Bank of Armenia Yerevan

Aruba AW Central Bank of Aruba Oranjestad

Australia AU Reserve Bank of Australia Sydney

Austria AT Austrian National Bank Vienna

Azerbaijan AZ Central Bank of the Republic of

Azerbaijan

Baku

Bahamas BS Central Bank of the Bahamas Nassau

Bahrain BH Central Bank of Bahrain Manama

Bangladesh BD Bangladesh Bank Dhaka

Barbados BB Central Bank of Barbados Bridgetown

Belarus BY National Bank of the Republic of

Belarus

Minsk

Belgium BE National Bank of Belgium Brussels

Belize BZ Central Bank of Belize Belize City

Bermuda BM Bermuda Monetary Authority Hamilton

Bhutan BT Royal Monetary Authority of Bhutan Thimphu

Bolivia BO Central Bank of Bolivia La Paz

Bosnia and Herzegovina BA Central Bank of Bosnia and Herzegovina Sarajevo

Botswana BW Bank of Botswana Gaborone

Brazil BR Central Bank of Brazil Brasília

Brunei BN Brunei Monetary Board Bandar Seri Begawan

Bulgaria BG Bulgarian National Bank Sofia

Burundi BI Bank of the Republic of Burundi Bujumbura

Cambodia KH National Bank of Cambodia Phnom Penh

Cameroon CM Bank of Central African States

(Cameroon, Central African Republic,

Chad, Congo, Equatorial Guinea,

Gabon)

Yaoundé

Canada CA Bank of Canada Ottawa

Cape Verde CV Bank of Cape Verde Praia

Cayman Islands KY Cayman Islands Monetary Authority Georgetown

Chile

CL Central Bank of Chile Santiago de Chile

China CN People’s Bank of China Beijing

China CN State Administration of Foreign

Exchange

Beijing

Chinese Taipei TW Central Bank of China Taipei

Colombia CO Bank of the Republic Bogotá

Comoros KM Central Bank of The Comoros Moroni

Congo, Democratic Rep. CD Central Bank of Congo Kinshasa

Costa Rica CR Central Bank of Costa Rica San José





Croatia HR Croatian National Bank Zagreb

Cuba CU Central Bank of Cuba Havana

Curaçao CW Central Bank of Curaçao and Sint

Maarten

Willemstad

Cyprus CY Central Bank of Cyprus Nicosia

Czech Republic CZ Czech National Bank Prague

Denmark DK National Bank of Denmark Copenhagen

Djibouti DJ National Bank of Djibouti Djibouti

Dominican Republic

DO Central Bank of the Dominican Republic Santo Domingo

Ecuador EC Central Bank of Ecuador Quito

Egypt EG Central Bank of Egypt Cairo

El Salvador SV Central Reserve Bank of El Salvador San Salvador

Eritrea ER National Bank of Eritrea Asmara

Estonia EE Bank of Estonia Tallinn

Ethiopia ET National Bank of Ethiopia Addis Ababa

Fiji FJ Reserve Bank of Fiji Suva

Finland FI Bank of Finland Helsinki

France FR Bank of France Paris

French Polynesia PF Institut d’Emission d’Outre-Mer Papeete

Gambia, The GM Central Bank of The Gambia Banjul

Georgia GE National Bank of Georgia Tbilisi

Germany DE European Central Bank Frankfurt am Main

Germany DE Deutsche Bundesbank Frankfurt am Main

Ghana GH Bank of Ghana Accra

Greece GR Bank of Greece Athens

Guatemala GT Bank of Guatemala Guatemala City

Guinea GN Central Bank of the Republic of Guinea Conakry

Guyana GY Bank of Guyana Georgetown

Haiti HT Bank of the Republic of Haiti Port-au-Prince

Honduras HN Central Bank of Honduras Tegucigalpa

Hong Kong SAR HK Hong Kong Monetary Authority Hong Kong SAR

Hungary HU Magyar Nemzeti Bank Budapest

Iceland IS Central Bank of Iceland Reykjavík

India IN Reserve Bank of India Mumbai

Indonesia ID Bank Indonesia Jakarta

Iran IR Central Bank of the Islamic Republic of

Iran

Tehran

Iraq IQ Central Bank of Iraq Baghdad

Ireland IE Central Bank of Ireland Dublin

Israel IL Bank of Israel Jerusalem

Italy IT Bank of Italy Rome

Jamaica JM Bank of Jamaica Kingston

Japan JP Bank of Japan Tokyo

Japan JP Ministry of Finance Tokyo

Jordan JO Central Bank of Jordan Amman

Kazakhstan KZ National Bank of the Republic of

Kazakhstan

Almaty





Kenya KE Central Bank of Kenya Nairobi

Kiribati KI Bank of Kiribati Tarawa

[South] Korea KR Bank of Korea Seoul

Kuwait KW Central Bank of Kuwait Kuwait

Kyrgyz Republic KG National Bank of the Kyrgyz Republic Bishkek

Laos LA Bank of the Lao People’s Democratic

Republic

Vientiane

Latvia LV Bank of Latvia Riga

Lebanon LB Central Bank of Lebanon Beirut

Lesotho LS Central Bank of Lesotho Maseru

Liberia LR Central Bank of Liberia Monrovia

Libya LY Central Bank of Libya Tripoli

Lithuania LT Bank of Lithuania Vilnius

Luxembourg LU Central Bank of Luxembourg Luxembourg

Macao SAR MO Monetary Authority of Macao Macao SAR

Macedonia, FYR MK National Bank of the Republic of

Macedonia

Skopje

Madagascar MG Central Bank of Madagascar Antananarivo

Malawi MW Reserve Bank of Malawi Lilongwe

Malaysia MY Central Bank of Malaysia Kuala Lumpur

Maldives MV Maldives Monetary Authority Male

Malta MT Central Bank of Malta Valletta

Mauritania MR Central Bank of Mauritania Nouakchott

Mauritius MU Bank of Mauritius Port Louis

Mexico MX Bank of Mexico Mexico City

Moldova MD National Bank of Moldova Chisinau

Mongolia MN Bank of Mongolia Ulan Bator

Morocco MA Bank of Morocco Rabat

Mozambique MZ Bank of Mozambique Maputo

Myanmar MM Central Bank of Myanmar Rangoon

Namibia NA Bank of Namibia Windhoek

Nauru NR Bank of Nauru Nauru

Nepal NP Central Bank of Nepal Kathmandu

Netherlands NL Netherlands Bank Amsterdam

New Caledonia NC Institut d’Emission d’Outre-Mer Nouméa

New Zealand NZ Reserve Bank of New Zealand Wellington

Nicaragua NI Central Bank of Nicaragua Managua

Nigeria NG Central Bank of Nigeria Abuja

North Korea KP Central Bank of Korea Pyongyang

Norway NO Central Bank of Norway Oslo

Oman OM Central Bank of Oman Ruwi, Muscat

Pakistan PK State Bank of Pakistan Karachi

Panama PA National Bank of Panama Panama

Papua New Guinea PG Bank of Papua New Guinea Port Moresby

Paraguay PY Central Bank of Paraguay Asunción

Peru PE Central Reserve Bank of Peru Lima

Philippines PH Bangko Sentral ng Pilipinas Manila

Poland PL National Bank of Poland Warsaw





Portugal PT Bank of Portugal Lisbon

Qatar QA Qatar Central Bank Doha

Romania RO National Bank of Romania Bucharest

Russia RU Central Bank of the Russian Federation Moscow

Rwanda RW National Bank of Rwanda Kigali

Samoa WS Central Bank of Samoa Apia

San Marino SM San Marinese Institute of Credit San Marino

São Tomé and Príncipe ST Central Bank of São Tomé and Príncipe São Tomé

Saudi Arabia SA Saudi Arabian Monetary Agency Riyadh

Senegal SN Central Bank of West African States

(Benin, Burkina Faso, Côte d’Ivoire,

Guinea-Bissau, Mali, Niger, Senegal and

Togo)

Dakar

Serbia RS National Bank of Serbia Belgrade

Seychelles SC Central Bank of Seychelles Victoria

Sierra Leone SL Bank of Sierra Leone Freetown

Singapore SG Monetary Authority of Singapore Singapore

Slovakia SJ National Bank of Slovakia Bratislava

Slovenia SI Bank of Slovenia Ljubljana

Solomon Islands SB Central Bank of Solomon Islands Honiara

Somalia SO Central Bank of Somalia Mogadishu

South Africa ZA South African Reserve Bank Pretoria

South Sudan SS Bank of South Sudan Juba

Spain ES Bank of Spain Madrid

Sri Lanka LK Central Bank of Sri Lanka Colombo

St Kitts and Nevis KN Eastern Caribbean Central Bank

(Anguilla, Antigua and Barbuda,

Dominica, Grenada, Montserrat, St Kitts

and Nevis, St Lucia, St Vincent and the

Grenadines)

Basseterre, St Kitts

Sudan SD Bank of Sudan Khartoum

Suriname SR Central Bank of Suriname Paramaribo

Swaziland SZ Central Bank of Swaziland Mbabane

Sweden SE Sveriges Riksbank Stockholm

Switzerland CH Bank for International Settlements Basel

Switzerland CH Swiss National Bank Zurich

Syria SY Central Bank of Syria Damascus

Tajikistan TJ National Bank of the Republic of

Tajikistan

Dushanbe

Tanzania TZ Bank of Tanzania Dar es Salaam

Thailand TH Bank of Thailand Bangkok

Tonga TO National Reserve Bank of Tonga Nuku’alofa

Trinidad and Tobago TT Central Bank of Trinidad and Tobago Port-of-Spain

Tunisia TN Central Bank of Tunisia Tunis

Turkey TR Central Bank of the Republic of Turkey Ankara

Turkmenistan TM State Central Bank of Turkmenistan Ashgabat

Tuvalu TV National Bank of Tuvalu Funafuti

Uganda UG Bank of Uganda Kampala

Ukraine UA National Bank of Ukraine Kiev





United Arab Emirates AE Central Bank of the United Arab

Emirates

Abu Dhabi

United Kingdom GB Bank of England London

United States US Federal Reserve System

(Board of Governors of the Federal

Reserve, Federal Reserve Bank of New

York, 11 other Federal Reserve Banks)

Various locations

Uruguay UY Central Bank of Uruguay Montevideo

Uzbekistan UZ Central Bank of the Republic of

Uzbekistan

Tashkent

Vanuatu VU Reserve Bank of Vanuatu Port Vila

Venezuela VE Central Bank of Venezuela Caracas

Vietnam VN State Bank of Vietnam Hanoi

Wallis and Futuna Islands WF Institut d’Emission d’Outre-Mer

Central

Mata-Utu

Yemen YE Bank of Yemen Sana’a

Zambia ZM Bank of Zambia Lusaka

Zimbabwe ZW Reserve Bank of Zimbabwe Harare




Examples for reporting of individual transactions*

A. Loans and deposits

Immediate risk and outward risk

(where applicable) reporting

Inward risk reporting

Type of

claim

Sector Country Type of

claims

Sector Country

1. A subsidiary of a Canadian bank in Japan has a deposit in local

currency with a branch of a UK bank in Japan

local in local

currency

bank Japan cross-

border

bank UK

2. A subsidiary of a Canadian bank in Japan has extended a foreign

currency loan to a corporate in Japan. The corporate has provided

Canada government treasuries as collateral

local in

foreign

currency

non-financial

corporation

Japan cross-

border

general

government

Canada

3. A subsidiary of a Canadian bank in Japan has extended a loan to a

corporate in the UK in British pound guaranteed by a bank in Japan

cross-border non-financial

corporation

UK local in

foreign

currency

bank Japan

4. A branch of a Canadian bank in Japan has a deposit in Japanese

Yen with a branch of a Japanese bank in Canada

cross-border bank Canada local in

local

currency

bank Japan

5. A subsidiary of a Canadian bank in Mexico has extended a loan to

the US corporate in Mexico in US dollars. The corporate subsidiary

has received an explicit guarantee from its head office

local in

foreign

currency

non-financial

corporation

Mexico cross

border

non-

financial

corporation

US

6. A subsidiary of a Canadian bank in the US has made a US dollar

loan to a corporate in the US. The loan is guaranteed by a corporate

in the UK

local in local

currency

non-financial

corporation

US cross

border

non-

financial

corporation

UK

7. A Canadian bank in the United States has purchased Italian

government securities in a reverse repurchase agreement with a

German bank in the United Kingdom.

cross-border bank UK cross-

border

general

government

Italy

8. A Japanese bank in the United Kingdom has sold UK government

securities to, and entered into a repurchase agreement with, a

Canadian bank in the United Kingdom.

local in local

currency

bank UK local in

local

currency

general

government

UK

* Please note that the term “bank” only refers to either head offices of banks or their legally independent and incorporated subsidiaries, but not to branches of

banks which are referred to separately.




Examples for reporting of individual transactions*

C. Derivatives

Ultimate risk (guarantor)

Sector Country

1. A branch of a Canadian bank in Japan has bought interest rate derivatives issued by a

branch of a UK bank in Japan

bank UK

2. A subsidiary of a Canadian bank in Japan has bought equity derivatives issued by a

branch of a Canadian bank in Japan

bank Canada

D. Guarantees and credit commitments Ultimate risk (guarantor)

Type Country

1. A subsidiary of a Canadian bank in Japan has guaranteed a loan extended by a

Japanese bank to the branch of a UK bank in Japan

guarantee UK

2. A branch of a Canadian bank in Japan has made a credit commitment to a corporate

in Japan

credit

commitment

Japan

* Please note that the term “bank” only refers to either head offices of banks or their legally independent and incorporated subsidiaries, but not to branches of

banks which are referred to separately.

B. Securities

Immediate risk and outward risk

(where applicable) reporting

Inward risk reporting

Type of

claim

Sector Country Type of

claims

Sector Country

1. A Canadian bank in Japan has purchased securities in US dollars,

issued by a subsidiary of a Japanese bank in the US. The issue of

securities has been explicitly guaranteed by the parent.

cross-border bank US local in

foreign

currency

bank Japan

2. A Canadian bank in UK has purchased securities, issued by a

subsidiary of a US bank in the Japan.

cross-border bank Japan none none none




DEFINITIONS OF FINANCIAL FLOW SECTORS

Note that the conceptual framework of Financial Flow Sectors set out below speaks only to the Canadian situation.

These sectors and a brief explanation of them are:

I. Provincial and/or Municipal Government

Include transactions with social insurance programs operated by governments (e.g., Workmen's

Compensation Board), non-trusteed public service pension plans operated outside the governmental

budgetary framework (e.g., Public Service Superannuation Fund (Ontario)) and public hospitals.

II. Public Financial and Non-Financial Institutions

These are defined as enterprises which are of a commercial nature and charge a price for their goods and

services related to their costs of production. Typically, these institutions are engaged in manufacturing,

lending, insurance, transportation, communication, the provision of electric power, and the distribution of

liquor through provincial liquor boards.

Institutions included in this category typically are characterized by the following:

(a) the institution must have a statutory basis which directs it to produce a good or a service for sale on the

market at a price related cost,

(b) the institution maintains financial accounts separate from those of the government which established it

and charges costs of production against revenue,

(c) management of the institution is relatively autonomous.

Not included are organizations which:

(a) are wholly or primarily engaged in the business of effective intergovernmental flows of funds (e.g.,

Alberta Capital Finance Authority), or

(b) wholly or primarily engaged in the business of selling their output to the government which established

them. Such organizations are included in their respective government sectors.

A. Public Financial Institutions

Include the Canada Deposit Insurance Corporation, Canada Mortgage and Housing Corporation, Export

Development Canada, Farm Credit Canada, Business Development Bank of Canada and ATB Financial.

B. Public Non-Financial Enterprises

A list of organizations at the federal and provincial levels is provided in the manual. There is no

corresponding list at the municipal level.

The determination for using the municipal category is left at the discretion of the institution.




III. Non-Financial Private Corporations

Includes all corporations and unincorporated branches of foreign corporations operating in Canada, except

financial institutions and government enterprises.

IV. Private Financial Institutions

(a) deposit-taking institutions - self-explanatory;

(b) other deposit-taking institutions - includes credit unions and caisses populaires, trust companies and

mortgage loan companies;

(c) other private financial institutions - includes life insurance companies, fraternal benefit societies, fire

and casualty insurance companies, trusteed pension plans, investment dealers, mutual funds, closed-

ends funds, mortgage investment trusts, sales finance and consumer loan companies, and other private

financial institutions (such as holding companies, financial leasing companies, venture capital

companies and other business finance companies).

V. Unincorporated Business

Includes all businesses which are not incorporated under the law of Canada or a province and which

are not unincorporated branches of foreign corporations (see III above).

GOVERNMENT BUSINESS ENTERPRISES

The complete list of Federal and Provincial Government Enterprises can now be found under a new section

entitled Government Business Enterprises (GBE).

return of the geographical distribution of assets …

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