3. Predetermined Short-Term Net Drains on Foreign Currency Assets (Nominal Value): Section II of the Reserves Data Template
Author:
International Monetary Fund. Statistics Dept.
Search for other papers by International Monetary Fund. Statistics Dept. in
Current site
Google Scholar Close
Language:
English
Print Publication Date:
01 Oct 2013
Keywords:
M&G; reserve asset; option contract; windowtext 1.5pt; reserve asset treatment; foreign currency; foreign currencies vis-à-vis; balance of payments financing need; substitute reserve asset; Reserve assets; Currencies; Securities; Options; International reserves; Global; Africa; Caribbean; foreign currency resource; foreign currency assets; assets of the authority; transactions in the Reserves Data Template; foreign exchange commitment; Futures; Loans; Interest payments

Abstract

138 Section II of the Reserves Data Template is used to report the authorities’ predetermined short-term net drains on foreign currency assets. “Predetermined” drains are the known or scheduled contractual obligations in foreign currencies with both residents and nonresidents. Contractual obligations of the authorities can arise from on-balance-sheet and off-balance-sheet activities. On-balance-sheet obligations include predetermined payments of principal and interest associated with loans and securities (see also footnote 6 of the Reserves Data Template). Off-balance-sheet activities that give rise to predetermined flows of foreign currency include commitments in forwards, swaps, and futures contracts. Potential or possible receipts of foreign currency, such as from the future sale of commodities,1 future disbursements under loan commitments, and claims in dispute, among others, should not be included in this section. Only predetermined net drains derived from actual assets and liabilities should be included.

Within Same Series

Other IMF Content

Other Publishers Content

  • Collapse
  • Expand
Cover International Reserves and Foreign Currency Liquidity
International Reserves and Foreign Currency Liquidity
Guidelines for a Data Template
ISBN:
9781484304228
ISSN:
2663-3744
Publication Date:
01 Oct 2013
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781484304228.069
Pages:
92