Chapter

Appendix 3. Summary of Guidelines for Reporting Specific Data in the Reserves Data Template

Author(s):
International Monetary Fund. Statistics Dept.
Published Date:
October 2013
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Reserves Data Template
Type of transactionSection I

(a)
Section II

(b)
Section III

(c)
Section IV

(d)
Securities1
1.Repurchase agreements (repos)—securities provided to counterparty for cash received from counterparty.2 The securities cease to be readily available to you as the securities lender.Record cash received as an increase in currency and deposits in I.A.(1)(b).



Deduct securities collateral from I.A.(1)(a).
Record market value of securities collateral in IV.(1) (d) as securities lent or repoed but not included in Section I of the Template.
2.Repurchase agreements (repos)—securities provided to counterparty for cash received from counterparty. However, the securities continue to be recorded as reserve assets.Record cash received as an increase in currency and deposits in I.A.(1)(b).



Leave securities collateral in I.A.(1)(a).
Enter loan repayable related to repos as predetermined cash outflows in II.3 of the Template (outflows related to repos).Record market value of securities collateral in IV.(1)(d) as securities lent or repoed and included in Section I of the Template.
3.Reverse repos—securities received from counterparty for cash provided to counterparty, where the repo asset (loan receivable) is liquid and readily available to the new owner/holder of the securities.Record cash provided as a decrease in currency and deposits in I.A.(1)(b).



Do not add securities collateral in I.A.(1)(a).



Record a repo asset (loan receivable) in I.A.(5).
Record market value of securities collateral in IV.(1)(d) as securities acquired but not included in Section I of the Template.
4.Reverse repos—securities received from counterparty for cash provided to counterparty, where the repo asset (loan receivable) is NOT liquid and NOT readily available to the new owner/holder of the securities.Record cash provided as a decrease in currency and deposits in I.A.(1)(b).



Do not add securities collateral in I.A.(1)(a).



Do not record a repo asset in I.A.(5) if your loan receivable is not readily available.
Enter loan receivable related to reverse repos as predetermined cash inflow in II.3 of the Template (inflows related to reverse repos).Record market value of securities collateral in IV.(1)(d) as securities acquired but not included in Section I of the Template.
5.Reverse repo followed by a repo.Record transactions in two steps: Step 1: as shown in cell 3(a) or 4(a) above.

Step 2: as shown in cell 2(a) above.



In Step 2, the securities collateral are not deducted from item I.A.(1)(a) when provided as collateral, because these securities were not included in official reserves when received under Step 1.
Record transactions in two steps. Step 1: as shown in 3(b) or 4(b). Step 2: as shown in 2(b).Record transactions in two steps: Step 1: record market value of securities collateral in IV.(1) (d) as securities acquired but not included in Section I of the Template. Step 2: record market value of securities collateral in IV.(1) (d) as securities lent or repoed but not included in Section I of the Template.
6.Reverse repo followed by a sale of securities received.Record transactions in two steps: Step 1: as shown in cell 3(a) or 4 (a) above;



Step 2: add cash received from sale of securities to I.A.(1)(b), total currency and deposits.
Record transactions in two steps: Step 1: as shown in cell 3(b) or 4(b); Step 2. A predetermined cash outflow in II.3 of the Template (outflows related to repos) (see paragraph 87).Record market value of securities received in IV.(1)(d) as securities acquired but not included in Section I of the Template.
7.Securities lent accompanied by cash received as collateral.Record transaction as a repo, as shown in cell 1(a) or 2(a), as appropriate.Enter loan repayable, as shown in cell 2(b), if appropriate.Record market value of securities, as shown in cell 1(d) or 2(d), as appropriate.
8.Securities acquired and cash paid under a securities lending arrangement.Record transaction as a reverse repo, as shown in cell 3(a) or 4(a), as appropriate.Record loan receivable, as shown in cell 4(b), if appropriate.Record market value of securities, as shown in cell 3(d) or 4(d), as appropriate.
9.Securities lent, securities collateral received (no cash received).Do not deduct securities lent from I.A.(1)(a) of the Template.



Do not add securities collateral received in I.A.(1)(a) of the Template.
Record market value of securities lent in IV.(1)(d) of the Template as securities lent and included in Section I of the Template.



Record market value of securities collateral received in IV.(1)(d) as securities acquired but not included in Section I of the Template.
10.Securities acquired with securities provided as collateral (no cash paid).Do not add securities acquired to I.A.(1)(a) of the Template.



Do not deduct securities collateral provided from I.A.(1)(a) of the Template.
Record market value of securities acquired in IV.(1)(d) of the Template as securities acquired but not included in Section 1 of the Template.



Record market value of securities collateral in IV.(1)(d) as securities lent and included in Section I of the Template.
Gold
11.Gold deposits (with or without collateral received)Leave gold on deposit with bullion bank in I.A.(4) of the Template (record at market value). Do not record securities collateral as official reserve assets.
12.Gold swaps (treat as repos or reverse repos, as appropriate)—gold provided to counterparty for cash received from counterparty. Gold provided: keep the gold in Section I.









Gold received under a reverse repo from the original owner should be excluded from the template of the new holder.
Record cash received as an increase in currency and deposits in I.A.(1)(b).



Record cash provided as a decrease in currency and deposits in I.A.(1)(b).



Either record a repo asset (loans receivable) in I.A. (5)
Enter loan repayable, as appropriate related to repos as predetermined cash flows in II.3.

















Or enter loan receivable as appropriate related to reverse repo as predetermined cash flow in II.3.
Record market value of gold in IV.(1)(d) of the Template, as shown in cells 2(d), or 4(d), as appropriate. Indicate in country notes that the transaction pertains to a gold swap.
Financial derivatives
13.Net, marked-to-market values of forwards, futures, swaps, options, and other financial derivative instruments.Monetary authorities’ net marked-to-market values of highly liquid financial derivatives used in reserve management, vis-à-vis nonresidents and settled in foreign currencies, should be recorded in I.A.(5) of the Template; those of the monetary authorities and the rest of the central government vis-à-vis residents, in I.B.Net marked-to-market values of all financial derivatives vis-à-vis residents and nonresidents and settled in foreign currencies should be recorded in IV.(1)(e) of the Template by instrument.3
14.Nominal/notional value of forwards, futures, and swap contracts maturing within one year.Record in II.2, under the relevant maturity breakdown, the nominal values of the foreign currency flows that need to be met at settlement with long and short positions separately. However, in cases of nondeliverable forwards, record notional value of contract settled in foreign currencies, long and short positions, in II.2 and, as with the notional value of futures settled in a foreign currency, identify them separately through country notes.Record nominal/notional value of contracts denominated in a foreign currency but settled in domestic currency, long and short positions, in IV.(1)(b) of the template. Futures and nondeliverable forwards are recorded at notional value.
15.Notional value of options contracts maturing within one year.Record long and short positions, and options bought and written, separately in III.5 under the relevant maturity breakdown.
16.Nominal/notional value of financial derivative contracts with residual maturity greater than one year.Record the nominal/notional value of such forwards, swaps, futures and options contracts in IV.(1)(f). Futures, nondeliverable forwards and options are recorded at notional value.

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