Loans and other credits, all maturities (Lines 1-10)
Debt
securities, all maturities (Lines 11-13)
Supplementary Information (Lines 14-16)
Loans and other credits, Debt due within a year (Lines 17-22)
Debt securities, Debt due within a year (Lines 23-24)
Memorandum
items: selected foreign assets (Lines 25-30)
Line 1.
Cross-border loans from BIS reporting banks
[Previously
known Line 1_Cross-border loans from foreign located banks,
total, all maturities.
The
data are derived from the Bank for International Settlements
(BIS) Locational Banking Statistics, that is, quarterly data
on gross international financial claims and liabilities of
banks resident in 40 financial centers (see list below). The
key organizational criteria are the country of residence of
the reporting banks and their counterparties. All positions
are recorded on a gross basis, including those vis-ā-vis own
affiliates. This methodology is consistent with the
principles underlying the compilation of national accounts,
balances of payments and external debt statistics.
Loans are defined as those financial assets created through
the lending of funds that are not represented by negotiable
securities. Deposits comprise all claims reflecting evidence
of deposit including non-negotiable certificates of deposit,
which are not represented by negotiable securities. Thus,
loans and deposits include interbank borrowings and loans
and inter-office balances. Data also comprise foreign
trade-related credits that are included by almost all
reporting countries, with the country of residence of the
drawee of the trade bill generally being the guiding
principle for the geographical allocation of the claims
arising from suppliers’ credit. Credits and international
loans received and granted and deposits received and made on
a trust basis are also included. Sale and repurchase
transactions (repos) involving the sale of assets (e.g.,
securities and gold) with a commitment to repurchase the
same or similar assets, financial leases, promissory notes,
nonnegotiable debt securities, endorsement liabilities
arising from bills rediscounted abroad and subordinated
loans (including subordinated non-negotiable debt
securities) are also reported in this category.
Banks’ holdings of international notes and coin that are in
circulation and commonly used to make payments are also
recorded as claims in the form of loans and deposits. For
details on country reporting practices see
Click here
The reporting area has grown over time and now comprises all
banks resident in the following 40 countries:
Australia ( from end 1997)
Austria
Bahamas
Bahrain
Belgium
Bermuda ( from end-2002)
Brazil (from end 2002)
Canada
Cayman Islands
Chile (from end-2002)
Denmark
Finland
France
Germany
Greece (from end-2003)
Guernsey (from end-2001)
Hong Kong SAR
India (from end-2001)
Ireland
Isle of Man (from end-2001)
Italy
Japan
Jersey (from end-2001)
Luxembourg
Macao SAR (2006)
Mexico (from end-2003)
Netherlands
Netherlands Antilles
Norway
Panama (from end-2002)
Portugal (from end-1997)
Singapore
South Korea (from start-2005)
Spain
Sweden
Switzerland
Taiwan, China (from end-2000)
Turkey (from end- 2000)
United States
The data are reported as stocks outstanding (with non-US
dollar positions converted into US dollars at end-period
exchange rates). The currency detail allows the BIS to
calculate valuation-adjusted changes. All changes are
computed by converting the relevant stocks into their
original currencies using end-of-period exchange rates and
subsequently converting the changes in stocks into US dollar
amounts using period average rates. Aggregates and most
breakdowns of the locational banking statistics are
available from end-1977.
The following territories are
included in BIS data under larger country aggregates, as
summarized in the table below:
|
Islands/Territories |
ISO Code |
Included in the BIS
data under |
|
Åland Islands |
AX |
Finland |
|
American Samoa |
AS |
United States |
|
Anguilla |
AI |
West Indies UK |
|
Antarctica |
AQ |
British Overseas Territories |
|
Antigua and Barbuda |
AG |
West Indies UK |
|
Bouvet Island |
BV |
Norway |
|
British Indian Ocean Territory |
IO |
British Overseas Territories |
|
British Virgin Islands |
VG |
West Indies UK |
|
Christmas Island |
CX |
Australia |
|
Cocos Islands |
CC |
Australia |
|
Cook Islands |
CK |
New Zealand |
|
French Guiana |
GF |
France |
|
French Southern Territories |
TF |
France |
|
Guadeloupe |
GP |
France |
|
Guam |
GU |
United States |
|
Heard Island & McDonald Is. |
HM |
Australia |
|
Martinique |
MQ |
France |
|
Mayotte |
YT |
France |
|
Monaco |
MC |
France |
|
Montserrat |
MS |
West Indies UK |
|
Niue |
NU |
New Zealand |
|
Norfolk Islands |
NF |
Australia |
|
Northern Mariana Islands |
MP |
United States |
|
Pitcairn Islands |
PN |
British Overseas Territories |
|
Puerto Rico |
PR |
United States |
|
Reunion |
RE |
France |
|
Saint Kitts and Nevis |
KN |
West Indies UK |
|
Saint Pierre and Miquelon |
PM |
France |
|
South Georgia & South Sandwich Is. |
GS |
British Overseas Territories |
|
Svalbard and Jan Mayen Islands |
SJ |
Norway |
|
Tokelau |
TK |
New Zealand |
|
US Virgin Islands (US) |
VI |
United States |
|
Western Sahara |
EH |
Residual Africa |
For more information on BIS international banking statistics
please visit
Click here
Line 2. Cross-border
loans from BIS banks to nonbanks
[Previously known Line 02_o/w: to nonbanks]
The data are derived from the Bank for International
Settlements (BIS) Locational Banking Statistics, that is,
quarterly data on gross international financial claims on
and liabilities to non-banks of banks resident in 40
financial centers (see list above).
Line 3. Official bilateral
loans, total [Previously known Line 03_Official bilateral
loans, total, all maturities]
Line 4. Official bilateral
loans, aid loans [Previously
known Line 04_o/w: Aid loans]
Line 5.
Official bilateral loans, other [Previously
known Line 05_......Other]
This category shows the outstanding debt on loans, other
than direct export credits, extended by governments which
are members of the OECD’s Development Assistance Committee (DAC).
Direct export credits extended by the official sector are
included in non-bank trade credits (line 10). In addition to
straightforward loans, official bilateral loans include
loans repayable in kind, and eligible loans in Associated
Financing packages.
The DAC is the principal body through which the OECD deals
with issues related to co-operation with developing
countries. The DAC is one of the key forums in which the
major bilateral donors work together to increase the
effectiveness of their common effort to support sustainable
development.
The DAC Members are Australia, Austria, Belgium, Canada,
Denmark, Finland, France, Germany, Greece, Ireland, Italy,
Japan, Luxembourg, the Netherlands, New Zealand, Norway,
Portugal, Spain, Sweden, Switzerland, the United Kingdom,
the United States and the Commission of the European
Communities.
Aid loans cover Official Development Assistance (ODA)
loans. ODA loans are concessional loans provided by the
official sector to countries and territories on the DAC List
of ODA Recipients
Click here To qualify as ODA a transaction must:
• be administered with the promotion of the economic
development and welfare of developing countries as its main
objective, and
• be concessional in character and contains a grant element
of at least 25 per cent.
Other loans cover official loans, other than export credits,
that do not qualify as ODA, either as they are not for
developmental purposes or are insufficiently concessional.
Those DAC Members that make loans, and so hold official
debt, notify data on outstanding amounts on these loans to
OECD annually under the Creditor Reporting System. If any
creditor does not provide adequate data on outstanding debt,
an estimate is made by the Secretariat based on the annual
net flow data reported under the DAC reporting system.
Reporting of official debt is good. However, for some
creditors, officially rescheduled trade credits are included
here, while for most they are included under Line 10 –
Official trade credits: lending from nonbanks. This is due
to variations in reporting practice by different creditors.
Data are only available on an annual basis. The data have
not been updated since December 2002. OECD have now obtained
resources to resume this work and the data should be updated
regularly from late 2007.
Line
6. Multilateral
loans, total, all maturities
Represents the sum of Lines
7 and 8.
Line 7. Multilateral
loans, IMF [Previously known Line 07_o/w: IMF]
The data cover total outstanding IMF credit and loans as at
the end of the reference period. Outstanding IMF credit and
loans outstanding—representing the sum of (1) the use of IMF
credit within the General Resources Account and (2)
outstanding loans under the Structural Adjustment Facility (SAF),
the Poverty Reduction and Growth Facility (PRGF) and the
Trust Fund—are denominated in Special Drawing Rights (SDRs)
and are converted to US dollars using the end-period
exchange rate. The data are sourced from IMF records. Data
on total IMF credit and loans are also disseminated in the
IMF’s statistical publication, International Financial
Statistics
Click here and on the IMF"s website
Click here
Line 8. Multilateral
loans, other institutions [Previously known Line
08_......Other instit. reporting quarterly data]
The data are sourced from
the African Development Bank,
Asian Development Bank, and
Inter-American Development, and IBRD loans and IDA credits
from the World Bank.
Line 9. Official
trade credits, total, all maturities[Previously known Line
13_Officially supported trade-related credits: total]
Definition
Trade-related credits comprise official export credits,
which by their nature are long-term, and officially
guaranteed or insured suppliers' credits, which are credits
extended by exporters to importers abroad. They also include
arrears and officially rescheduled amounts on officially
guaranteed or insured financial credits since these are
taken over by export credit agencies from the original bank
creditors. Guaranteed financial credits made by banking
institutions that do not report to the BIS are also included
here. These data only cover trade credits which have been
guaranteed or insured by the official sector in the creditor
country. They include credits extended to both the public
and private sector in the borrowing country.
Source
These data were derived from semi-annual reports made by
OECD member countries’ export credit guarantee agencies. The
reporting countries are: Australia, Austria, Belgium,
Canada, Czech Republic, Denmark, Finland, France, Germany,
Hungary, Italy, Japan, Korea, Luxembourg, Mexico, the
Netherlands, Norway, Poland, Portugal, Slovak Republic,
Spain, Sweden, Switzerland, Turkey, the United Kingdom and
the United States.
Data are only available on a half-yearly basis. Data are not
available for 1997 and the first half of 1998 for technical
reasons.
Break in Series
Until end-1997 some officially rescheduled export credits
were included in line 3. From end 1998 all officially
rescheduled export credits were included in line 10. The
latest available figures are for end-December 2003.
Line 10.
Official trade credits, nonbanks, all maturities
[Previously known Line
09_Officially supported trade credits: lending from nonbanks]
see line 9.
Line 11. International
debt securities, all maturities
[Previously known Line 10_International debt securities]
The data are derived from
quarterly BIS statistics on issues of money market
instruments, bonds and notes in international markets and
are based on information provided by various market sources
(such as Euroclear, Dealogic, Thomson Financial Securities
Data and ISMA).
International debt securities cover all foreign currency
issues by residents and non-residents in a given market,
including in the borrower’s own currency, and foreign bonds
(domestic currency bonds issued by non-residents in a given
market). Certain territories are included under larger
country aggregates, as summarized in the table relating to
line 1. The international securities statistics thus
exclude all domestic currency issues by residents targeted
to their own national market, whether purchased by residents
or non-residents. The statistics includes "repackaged
securities", for example, the global issues for Argentina,
resulting from the April 2005 exchange offer.
The international securities statistics provide data on:
• net new issues, corresponding to the difference between
completed issues and redemptions (redemptions include both
scheduled repayments and early redemptions of outstanding
paper); and
• issues outstanding at the end of each quarter, after
allowing for redemptions.
Data on amounts outstanding are calculated using end-period
exchange rates. Completed new issues and redemptions are
valuated using period average exchange rates. The difference
between changes in the stocks of bonds outstanding valued at
current exchange rates and net new issues is accounted for
by valuation effects resulting from exchange rate movements.
In contrast to the international banking statistics, the
international securities statistics compiled by the BIS are
based on security by security data. In addition to the
amount of funds raised and the dates of announcement and
completion of deals, information on individual securities
includes the types of issuer (immediate borrower and
ultimate borrower), type of issue, country of residence and
nationality of issuer. The information also contains the
terms (interest rates, spreads, maturity, etc.) and
conditions (call provisions, conversion clauses, etc.) of
individual issues. The aggregation is made by the BIS across
the following dimensions: the currency of issue, the
business sectors of issuer, the type of issue, the country
of residence and the nationality of issuers. The
geographical classification in the joint statistics on
external debt is based on the country of residence, which
identifies the location of the borrower and not the ultimate
credit risk (for example, a bond issued by Volkswagen Brazil
is considered as a liability of Brazil and not of Germany,
irrespective of whether the bond is guaranteed by the head
office of Volkswagen or not). This classification is
consistent with the geographical breakdown provided in the
BIS international banking statistics and also with the
balance of payments methodology.
The sectoral classification in the joint statistics on
external debt is based on the sector of the borrower itself
(immediate borrower) and not on the sector of the parent
company of the borrower or any guarantor (Toyota finance is
classified as a financial institution, irrespective of the
fact that the parent company is a nonfinancial corporate).
Line 12.
International debt
securities, nonbanks [Previously known Line 11_o/w: issued
by nonbanks]
Nonbanks are defined as the
sum of nonfinancial corporates, financial corporates, local
governments, central banks and central governments. For
additional details, see line 11.
Line 13. International debt
securities, Brady bonds [Previously Known Line
12_......Brady bonds]
The World Bank compiles annual
statistics on the external debt of developing countries. The
Debtor Reporting System (DRS) was established in 1951 to
monitor these statistics. One hundred and thirty eight
individual countries report loan-by-loan data on public and
publicly guaranteed debt to the World Bank’s DRS. Brady
bonds comprise commercial bank debt restructured under the
Brady Plan. The Brady Plan was introduced in early 1989 and
offers a comprehensive debt restructuring package for
commercial bank debt. Under the plan commercial
lenders/creditors can chose from a menu of instruments
including buybacks, discount exchanges for debt stock
reduction, and par exchanges at reduced interest rates for
debt service reduction.
Data on Brady bonds are included (but not shown separately)
in Global Development Finance under Public and Publicly
Guaranteed Debt statistics. Annual data on stocks and flows
(issues less repayments) are as reported by the debtor
country and include buybacks. Quarterly data on stocks and
flows are estimates based on repayment terms of the bonds
and reflect adjustments for buybacks during the quarter.
Line 14. Insured export
credit exposures
ˇ Data refer to Berne
Union members’ direct insurance or lending, i.e. amount
reinsured by others are not deducted and amounts reinsured
by members for others are not added. Countries are defined
based on ISO 3166-1. Amounts guaranteed by an international
financial institution are allocated to that institution, not
the country of residence of the borrower or guarantor.
ˇ Data in USD million.
Stock data, i.e. total outstanding amounts at the end of
each quarter (31 March, 30 June, 30 September and 31
December).
ˇ Total data include
medium/long-term (MLT) exposures and short-term (ST)
exposures. For metadata on ST exposure, see line 15.
ˇ In credit insurance,
“Commitments” are actual insurance given to cover actual
loans. Thus, a Commitment means that a loan agreement (as
well as the underlying project or export transaction
agreement) has been signed, the insurance for this loan is
in place, and the insurance premium has been paid or
invoiced. In some cases a part of a loan may not yet have
been disbursed – however the non-disbursed amount typically
represents only a minor share of the total amount reported
as Commitment.
MLT Exposure
ˇ MLT refers to
medium/long term export credit insurance, i.e. insurance of
export credits with credit terms of more than 12 months,
also including insurance of export credits with shorter
credit terms if the transaction involves an insured
manufacturing (pre-credit) risk with a risk period of more
than 12 months.
ˇ Most Berne Union
members include both principal amounts and contract loan
interest amounts in all figures reported, while some members
only include principal amounts.
ˇ All amounts exclude
uninsured percentages (typically up to 5-10%).
ˇ MLT Exposure is the sum
of the following data, each defined below.
- MLT Commitments
- MLT Aid-Related
Commitments
- MLT Arrears
- MLT Claims
- MLT
Refinanced/Rescheduled Amounts
- MLT Overdues on
Refinanced/Rescheduled Amounts
MLT Commitments
Total amounts insured under
all current policies for which premium has been paid or
invoiced and are not yet due for payment by debtors.
MLT
Aid-Related Commitments
Commitments that Berne Union
members have underwritten for aid-related reasons rather
than based on their normal criteria.
MLT
Arrears
Total amounts insured which
are overdue for payment but for which claims have not been
paid or rejected.
MLT
Claims
Total amounts outstanding of
claims paid at any time in the past which have not been
recovered or written off.
MLT
Refinanced/Rescheduled Amounts
Total amounts included in
Paris Club or similar general refinancing / rescheduling
agreements, whether representing commitments, arrears, or
claims not reported as such.
MLT
Overdues on Refinanced/Rescheduled Amounts
Total amounts (of capital
and/or interest) which have not been (re)paid as stipulated
in Paris Club or similar general refinancing / rescheduling
agreements.
ˇ Some Berne Union
members also provide MLT lending – the categories used to
allocate the lending are the same as for MLT insurance
business as set out here.
Links to the Berne Union
members can be found on the public website
Click here
Line 15. Insured export credit
exposures short term
ST refers to insured export
credits with credit terms up to and including 12 months,
except for transactions involving an insured manufacturing
(pre-credit) risk with a risk period of more than 12 months,
which are classified as MLT.
ˇ Contract loan
interest amounts are not included in the reported amounts,
i.e. only principal amounts are included.
ˇ ST Exposure is
comprised of ST Commitments only, as defined below.
ST
Commitments
Total
amounts insured under all current policy limits for which
premium has been paid or invoiced, including amounts overdue
for payment (arrears) until claims have been paid or
rejected, and including uninsured percentages.
Line 16. Debt securities held
by nonresidents [Previously known Line 14_Debt securities
held by nonresidents]
The data are sourced from the
IMF’s Coordinated Portfolio Investment Survey (CPIS)
database. Individual economy data on debt securities held by
nonresidents are derived from other economies’ CPIS creditor
data. The relevant tables in the CPIS database are 1)
derived portfolio investment liabilities: long-term debt
securities; and 2) derived portfolio investment liabilities:
short-term debt securities.
Long-term debt securities cover instruments such as bonds,
debentures, and notes that usually give the holder the
unconditional right to a fixed cash flow or contractually
determined variable money income and have an original term
to maturity of more than one year.
Short-term debt securities cover such instruments as
treasury bills, commercial paper, and bankers' acceptances
that usually give the holder the unconditional right to a
stated fixed sum of money on a specified date. These
instruments are usually traded on organized markets at a
discount and have an original term to maturity of one year
or less.
The residence of holders and issuers of securities is
determined by their center of economic interest. For
enterprises, this is usually characterized by physical
presence, and in some cases by legal domicile. All banks
(whether branches or incorporated), insurance companies
(whether branches or incorporated), and mutual funds are
treated as resident in the jurisdiction where they are
legally domiciled.
Derived liability tables are generated in the CPIS database
only when the sum of reported holdings of securities issued
by a given country is at least US$10 million.
The purpose of the CPIS is to collect information on the
stock of cross-border holdings of equities and long- and
short-term debt securities valued at market prices
prevailing at the time of the CPIS, and broken down by the
economy of residence of the issuer. The CPIS collects data
on holdings of securities at end-December of the reference
year.
Considerable effort has been made to set standards for the
compilation of CPIS data by documenting best practices in
compilation (see CPIS Guide, Second Edition at
Click here and to draw on the synergies released by a
coordinated effort to conduct such surveys for a common
reference date. For the core items, the result is a global
database of holdings of reported cross-border holdings of
securities and derived portfolio investment liabilities with
the capacity for showing bilateral economy data from the
creditor or debtor perspective. For further information on
the CPIS, see
Click here Individual economy data are available at
Click here Individual economy metadata are available at
Click here
Line 17. Liabilities to BIS banks (cons.), short term
[Previously
known Line 15_Loans from foreign controlled and foreign
located banks]
The data are derived from the
BIS Consolidated Banking Statistics (CBS), which comprise
data on gross consolidated claims of banks resident in the
CBS reporting are
Click
here The key organizational criteria is the
consolidation principle by which participating banks report
contractual and ultimate risk lending by the head office and
all its branches and subsidiaries on a worldwide
consolidated basis with inter-office accounts being netted
out.
Data comprise all balance sheet items which represent
financial claims on individual countries. Certain
territories are included under larger country aggregates, as
summarized in the table relating to line 1. The principal
items are deposits and balances placed with banks, loans and
advances to banks and non-banks and holdings of securities.
The data also include cross-border claims in all currencies
and local claims of reporting banks foreign affiliates in
non-local currencies.
The concept of the "reporting area" for the purpose of the
consolidated statistics differs from the locational data.
The consolidated data are reported by 30 countries (see list
below). In addition, the worldwide consolidation of
individual banks’ balance-sheet positions means that in
practice the corpus of reporting institutions extends well
beyond the geographical boundaries of the reporting area and
includes, inter alia, the offshore affiliates of banks whose
head offices are in the reporting countries. The use of the
expression "reporting area" in the consolidated statistical
reporting system is therefore a convenience to indicate the
countries to which banks submit data rather than the actual
area covered.
The reporting area has grown over time and now comprises all
banks (see details below) headquartered in 30 countries as
listed below:
1. Australia (from end-2003)
2. Austria (1983)
3. Belgium (1983)
4. Brazil (2002)
5. Canada (1983)
6. Chile (2002)
7. Denmark (1983)
8. Finland (1985)
9. France (1983)
10. Germany (1983)
11. Greece (2003)
12. Hong Kong SAR (1997)
13. India (2001)
14. Ireland (1983)
15. Italy (1983)
16. Japan (1983)
17. Luxembourg (1983)
18. Mexico (2003)
19. Netherlands (1983)
20. Norway (1994)
21. Panama (2002)
22.Portugal (1999)
23. Singapore (2000)
24. Spain (1985)
25. Sweden (1983)
26. Switzerland (1983)
27. Taiwan, China (2000)
28. Turkey (2000)
29. United Kingdom (1983)
30. United States (1983)
The maturity breakdown for banks’ international financial
claims is provided on the basis of remaining or residual
maturities.
From first quarter 2000 onwards, the consolidated statistics
are available on a quarterly basis. For previous periods CBS
are available on a semi-annual basis only. Because line 1
and line 17 are derived from different reporting systems,
short-term bank claims (line 17) can, in some cases, exceed
total bank claims (line 1).
Line 18. Official
bilateral loans, total, short term [Previously known Line
16_Official bilateral loans, total]
Line 19. Official
bilateral loans, aid, short term [Previously known Line
17_o/w: Aid loans]
Line
20. Official bilateral
loans, other, short term [Previously known Line
18_......Other]
See Line 3.
Line 21. Multilateral
loans, IMF, short term [Previously known Line
19_Multilateral loans: IMF]
The data cover total IMF
credit and loan obligations (principal and interest) falling
due in the next twelve months and the obligations that are
in arrears as at the end of the reporting period. The data
are denominated in Special Drawing Rights (SDRs) and are
converted to US dollars using the end-period exchange rate.
The data are sourced from IMF records.
Line 22. Official trade
credits, nonbanks, short term [Previously known Line
20_Officially supported trade credits: Lending from nonbanks]
See lines 9 and 10.
Line 23. International debt securities, short term
[Previously known Line 21_International debt securities]
Line 24. Intnl debt
securities, nonbanks, short term [Previously known Line
22_o/w issued by nonbanks]
See line 11.
Line 25. International reserves (excluding gold)
[Previously known Line 23_International Reserves (excleding
gold)]
The data on international
reserve assets refer to entries published in the world
tables of the IMF’s International Financial Statistics
(IFS).
International reserve assets as defined in the IMF’s Balance
of Payments Manual, fifth edition (BPM5), consist of those
external assets that are readily available to and controlled
by the monetary authorities for direct financing of payments
imbalances, for indirectly regulating the magnitude of such
imbalances through intervention in exchange markets to
affect the currency exchange rate, and/or for other
purposes. The monetary authorities sector includes the
central bank institutional unit (or currency board, monetary
agency, etc.) and certain operations that are usually
attributed to the central bank but, in some cases, are
carried out by other government institutions (or, in some
instances, by commercial banks). Such operations include the
issue of currency, maintenance and management of
international reserves—including those resulting from
transactions with the IMF—and the operation of exchange
stabilization funds.
Line 25 corresponds to the series described in the IFS as:
Total Reserves minus Gold (IFS line.1l.d). It includes the
US dollar value of monetary authorities’ holdings of SDRs,
reserve position in the Fund, and foreign exchange. In the
IFS the following three component lines are shown:
• Holdings of SDRs (IFS line.1b.d) are international reserve
assets created by the IMF to supplement existing reserves.
They are valued on the basis of a basket of currencies of
five member countries and can be used in a wide variety of
transactions and operations among official holders. SDRs are
allocated to Fund members that are participants in the
Fund’s Operations Division for SDRs and Administered
Accounts in proportion to their quotas. Six SDR allocations
totaling SDR 21.4 billion have been made by the Fund (in
January 1970, January 1971, January 1972, January 1979,
January 1980, and January 1981).
• Reserve Position in the Fund (IFS line.1c.d) comprises the
reserve tranche and creditor positions under the various
borrowing arrangements. A reserve tranche position in the
Fund arises from the payment of part of a member’s
subscription in reserve assets, and the Fund’s net use of
the member’s currency. A member’s reserve position in the
Fund has the characteristics of a reserve asset.
• Foreign Exchange (IFS line.1d.d) includes monetary
authorities’ claims on nonresidents in the form of bank
deposits, treasury bills, short-term and long-term
government securities, Euros, and other claims usable in the
event of balance of payments need.
Data on reserve position in the Fund and SDRs are sourced
from IMF records. Member countries report data on foreign
exchange in millions of US dollars, which are valued at
end-of-month market rates or, in the absence of market rate
quotations, at other prevailing official rates. The
published data on foreign exchange sometimes include claims
that do not meet the definition of reserved assets set out
in the IMF’s BPM5.
Line 26. Portfolio
investment assets [Previously known Line 24_ Portfolio
investment assets]
The data on reported portfolio
investment assets (equity and debt securities) are sourced
from the IMF’s Coordinated Portfolio Investment Survey
(CPIS) database.
The purpose of the CPIS is to collect information on the
stock of cross-border holdings of equities and long- and
short-term debt securities valued at market prices
prevailing at the time of the CPIS, and broken down by the
economy of residence of the issuer. The CPIS collects data
on holdings of securities at end-December of the reference
year.
Considerable effort has been made to set standards for the
compilation of CPIS data by documenting best practices in
compilation (see CPIS Guide, Second Edition), and to draw on
the synergies released by a coordinated effort to conduct
such surveys for a common reference date.
For the core items, the result is a global database of
holdings of reported cross-border holdings of securities and
derived portfolio investment liabilities with the capacity
for showing bilateral economy data from the creditor or
debtor perspective. The coverage of the CPIS data for an
individual economy typically corresponds to the coverage of
portfolio investment assets in its international investment
position (IIP) statement, as both follow the same concepts
and definitions. Some differences may result from differing
release dates for the IIP and CPIS, but ultimately the CPIS
data are likely to be incorporated into the IIP statement.
Some economies conduct a CPIS but do not compile an IIP
statement. Other economies conduct a CPIS that may not cover
all resident sectors and derive some IIP data by cumulating
reported flows data; in these cases significant differences
remain because a geographic breakdown of holdings by
residence of the issuer cannot be made with accuracy. Data
reported in the CPIS that are not broken down by the economy
of residence of the issuer reflect deficiencies in the CPIS
source data or the suppression of entries to preserve the
confidentiality of source information supplied by individual
units.
Where appropriate, reported data for individual economies
are footnoted to indicate particular sectors that are not
covered in the CPIS data for those economies or to indicate
the coverage of offshore financial sectors. Portfolio
investment by households that do not use the services of
resident custodians is likely to be poorly measured in most
economies.
For further information on the CPIS, see
Click here
Individual economy data are
available at
Click here
Individual economy metadata
are available at
Click here
Line 27. Cross-border
deposits with BIS rep. banks [Previously
known Line 25_Total
cross-border deposits with foreign banks]
The data are derived from the
BIS locational banking statistics. Deposits with BIS
reporting banks are shown in BIS publications as banks'
liabilities to their creditors.
Line 28. Cross-border
dep. with BIS banks, nonbanks [Previously known Line 26_o/w:
by nonbanks]
The data are derived from the
BIS locational banking statistics. Deposits with BIS
reporting banks are shown in BIS publications as banks'
liabilities to their creditors.
Line 29. Liabilities to
BIS banks, locational, total
This memorandum item provides
total cross-border liabilities (all instruments) to banks
that report the BIS Locational Banking Statistics. See also
line 1 for details
Line 30. Liabilities to
BIS banks, consolidated, total
This memorandum item provides
total international liabilities (all instruments) to banks
that report the BIS Consolidated Banking Statistics. See
line also 17 for details.
Updated
Friday, February 1, 2008