- Venkat Josyula
- Published Date:
- September 2018
International Monetary Fund
© 2018 International Monetary Fund
Names: International Monetary Fund. | International Monetary Fund. Statistics Department.
Title: Coordinated portfolio investment survey guide.
Other titles: CPIS.
Description: Third edition. | Washington, DC : International Monetary Fund, 2017. | Completed by a team from the IMF Statistics Department. | Includes bibliographical references.
Identifiers: ISBN 9781484331897 (paper)
Subjects: LCSH: Investments. | Securities. | Portfolio management.
Classification: LCC HG4521.C656 2017
ISBN: 978-1-48433-189-7 (paper)
Disclaimer: The views expressed in this book are those of the authors and do not necessarily represent the views of the IMF’s Executive Directors, its management, or any of its members.
Please send orders to:
International Monetary Fund, Publication Services
P.O. Box 92780, Washington, D.C. 20090, U.S.A.
Tel.: (202) 623-7430 Fax: (202) 623-7201
This third edition of the Coordinated Portfolio Investment Survey Guide (Guide) has been prepared to assist economies that participate or are preparing to participate in the Coordinated Portfolio Investment Survey (CPIS). It builds on and updates the second edition of the CPIS Guide (2002) to reflect the adoption of the Balance of Payments and International Investment Position Manual, sixth edition (BPM6) as the standard framework for compiling cross-border position statistics.
The CPIS is conducted under the auspices of the International Monetary Fund (IMF) across a wide range of economies. It is conducted simultaneously by all participating economies, uses consistent definitions, and encourages best practices in data collection. It is thus a unique tool in capturing the global totals and the geographical distribution of portfolio investment assets, thereby contributing to a better understanding of capital flows.
The CPIS was initially undertaken in 1997, in response to concerns about imbalances and gaps in statistics on global capital flows; and originated in a recommendation contained in the final Report on the Measurement of International Capital Flows, published in 1992, and further developed with advice from the IMF Committee on Balance of Payments Statistics (IMF Committee). Beginning in 2001, the CPIS was conducted annually; and effective with the data collection for end-June 2013, the frequency of the CPIS was increased to semiannual. This higher frequency was implemented in the aftermath of the 2007/08 financial crisis, after the IMF Committee endorsed enhancements to the CPIS in the context of the G-20 Data Gaps Initiative (DGI). These enhancements also included an expansion in variables, with a focus on sectorization. As of the writing of this updated Guide, more than 80 economies participate in the CPIS.
The updated Guide was completed by a team from the IMF Statistics Department (STA) comprising Marcelo Dinenzon and Venkat Josyula, senior economists in STA’s Balance of Payments Division. Paul Austin, deputy division chief of Balance of Payments Division, oversaw the work that was undertaken under the general direction of Carlos Sanchez-Muñoz, division chief of Balance of Payments Division. The contributions of Ralph Kozlow and Manik Shrestha, former division chiefs of Balance of Payments Division, are also acknowledged. Contributions from several countries (including Austria, Australia, Belgium, Bermuda, France, Germany, Ireland, Israel, Japan, Malaysia, Netherlands, Portugal, Romania, Russian Federation, Slovak Republic, Thailand, Turkey, and the United States) and international organizations (Bank for International Settlements, European Central Bank, and Eurostat) enriched the contents of the Guide. In addition, this Guide has benefited from comments of the IMF Committee and CPIS compilers during the public comment period. Gemma Diaz and Redley Pinkney provided administrative support in preparing the Guide.
Louis Marc Ducharme
International Monetary Fund
Australian Bureau of Statistics
American depository receipts
Association of National Numbering Agencies
Bank for International Settlements
Bank of Japan
IMF Committee on Balance of Payments Statistics
Sixth edition of the Balance of Payments and International Investment Position Manual
Central Bank of the Russian Federation
Central Bank of Turkey
certificates of deposit
collateralized debt obligations
Coordinated Portfolio Investment Survey
Centralized Securities Database (European System of Central Banks)
Committee on Uniform Securities Identification Procedure
Data Gaps Initiative
De Nederlandsche Bank/Netherlands Central Bank
European Central Bank
Foreign Direct Investment
Framework for Direct Investment Relationships
Federal Home Loan Mortgage Corporation (United States)
foreign interest payment security
Federal National Mortgage Association (United States)
Federal Reserve System
global depository receipts
Government National Mortgage Association (United States)
Handbook on Securities Statistics
international business companies
insurance corporations and pension funds
international investment position
International Monetary Fund
International Standard Industrial Classification of All Economic Activities
International Securities Identification Number
International Organization for Standardization
International Transactions Reporting System
London interbank bid rate
London interbank offered rate
London interbank mean rate
Liquid yield option note
Monetary and Financial Statistics Manual and Compilation Guide
money market funds
Nasdaq Stock Market
National Bank of Romania
note issuance facility
nonprofit institutions serving households
Organisation for Economic Co-operation and Development
Oesterreichische Nationalbank/Central Bank of Austria
other financial corporations
Reverse Convertible Bond
regional central banks
revolving underwriting facility
Special Data Dissemination Standard Plus
Special Drawing Right
Securities and Exchange Commission (United States)
Stock Exchange Daily Official List
Survey of Securities Held as Foreign Exchange Reserves
small economies with international financial centers
Securities Holdings Statistics Database (European System of Central Banks)
Securities Identification Code Conference
Survey of International Investment
special purpose entities
Survey of Securities Held by International Organizations
IMF Statistics Department
System of National Accounts 2008
2013 External Debt Statistics: Guide for Compilers and Users