Front Matter

Front Matter

Author(s):
Venkat Josyula
Published Date:
September 2018
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    2017

    International Monetary Fund

    © 2018 International Monetary Fund

    Cataloging-in-Publication Data

    IMF Library

    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)

    978-1-48435-505-3 (PDF)

    978-1-48435-497-1 (ePub)

    978-1-48435-500-8 (Mobi)

    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

    E-mail: publications@imf.org

    Internet: www.elibrary.imf.org

    www.bookstore.imf.org

    Contents

    Preface

    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

    Director

    Statistics Department

    International Monetary Fund

    Abbreviations

    ABS

    Australian Bureau of Statistics

    ADRs

    American depository receipts

    ANNA

    Association of National Numbering Agencies

    BIS

    Bank for International Settlements

    BOJ

    Bank of Japan

    BOPCOM

    IMF Committee on Balance of Payments Statistics

    BPM6

    Sixth edition of the Balance of Payments and International Investment Position Manual

    CBR

    Central Bank of the Russian Federation

    CBRT

    Central Bank of Turkey

    CD

    certificates of deposit

    CDOs

    collateralized debt obligations

    CP

    commercial paper

    CPIS

    Coordinated Portfolio Investment Survey

    CSDB

    Centralized Securities Database (European System of Central Banks)

    CUSIP

    Committee on Uniform Securities Identification Procedure

    DGI

    Data Gaps Initiative

    DI

    direct investment

    DNB

    De Nederlandsche Bank/Netherlands Central Bank

    DRs

    depository receipts

    ECB

    European Central Bank

    FDI

    Foreign Direct Investment

    FDIR

    Framework for Direct Investment Relationships

    FHLMC

    Federal Home Loan Mortgage Corporation (United States)

    FIPS

    foreign interest payment security

    FNMA

    Federal National Mortgage Association (United States)

    FRNs

    floating-rate notes

    FRS

    Federal Reserve System

    GDRs

    global depository receipts

    GNMA

    Government National Mortgage Association (United States)

    HSS

    Handbook on Securities Statistics

    IBCs

    international business companies

    ICPF

    insurance corporations and pension funds

    IIP

    international investment position

    IMF

    International Monetary Fund

    IOs

    international organizations

    ISIC

    International Standard Industrial Classification of All Economic Activities

    ISIN

    International Securities Identification Number

    ISO

    International Organization for Standardization

    IT

    information technology

    ITRS

    International Transactions Reporting System

    LIBID

    London interbank bid rate

    LIBOR

    London interbank offered rate

    LIMEAN

    London interbank mean rate

    LYON

    Liquid yield option note

    MBS

    mortgage-backed securities

    MFSMCG

    Monetary and Financial Statistics Manual and Compilation Guide

    MMFs

    money market funds

    MNCs

    multinational corporations

    NASDAQ

    Nasdaq Stock Market

    NBR

    National Bank of Romania

    NFCs

    nonfinancial corporations

    NIF

    note issuance facility

    NPISHs

    nonprofit institutions serving households

    OECD

    Organisation for Economic Co-operation and Development

    OeNB

    Oesterreichische Nationalbank/Central Bank of Austria

    OFCs

    other financial corporations

    RCB

    Reverse Convertible Bond

    RCBs

    regional central banks

    RUF

    revolving underwriting facility

    SBS

    security-by-security

    SDDS Plus

    Special Data Dissemination Standard Plus

    SDR

    Special Drawing Right

    SEC

    Securities and Exchange Commission (United States)

    SEDOL

    Stock Exchange Daily Official List

    SEFER

    Survey of Securities Held as Foreign Exchange Reserves

    SEIFiCs

    small economies with international financial centers

    SHSDB

    Securities Holdings Statistics Database (European System of Central Banks)

    SICC

    Securities Identification Code Conference

    SII

    Survey of International Investment

    SPEs

    special purpose entities

    SSIO

    Survey of Securities Held by International Organizations

    STA

    IMF Statistics Department

    strips

    Stripped securities

    T-bill

    Treasury Bill

    2008 SNA

    System of National Accounts 2008

    2013 EDS Guide

    2013 External Debt Statistics: Guide for Compilers and Users

    VALOR

    Valorennummer

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