Return of the Geographical Distribution of Assets and ... · PDF fileBank of Canada and...

Deposit-Taking Institutions - Reporting Manual Geographic Distribution of Assets Bank of Canada and Liabilities Booked In Canada (GQ)

Revised: October 2016 Page 1

RETURN OF THE GEOGRAPHICAL DISTRIBUTION OF ASSETS AND LIABILITIES BOOKED IN CANADA PURPOSE The purpose of this return is to provide foreign currency and Canadian currency information regarding the size and nature of an institution's claims, other exposures, and liabilities to residents of foreign countries and Canada that are booked in Canada. The data are an important source of information for analyzing international banking activity and measuring Canada's balance of payments and international investment position, and are the basis for fulfilling Canada's reporting responsibilities to the Bank for International Settlements. STATUTORY Sections 628 and 600 of the Bank Act and Section 24 of the Bank of Canada Act. APPLICATION This return applies to all internationally active banks and foreign bank branches. Internationally active banks are defined as banks with positions in any currency vis-à-vis non-resident and positions in foreign currency vis-à-vis residents. Domestic banks with no cross-border positions and/or no local positions in foreign currency and Trust and Loan Companies are not required to submit this return. PUBLICATION Certain information is published on a total-for-all-institutions basis in the Bank of Canada Banking and Financial Statistics, in Statistics Canada's International Accounts publication, in Statistics Canada's key socioeconomic database (CANSIM) and in certain BIS publications. FREQUENCY Quarterly CONTACT PERSON Provide name and phone number of person to contact regarding any questions about this return. REPORTING DATES This return is to be completed as at the last day of each quarter and submitted within 40 days of the reporting date. CONTACT AGENCY Bank of Canada



LIST OF COUNTRY CODES A. Developed countries (i) Europe Andorra 403 Austria 437 Belgium 406 Cyprus 481 Denmark 409 Estonia 529 Faroe Islands 479 Finland 441 France 412 Germany 415 Greece 445 Greenland 480 Iceland 449 Ireland 418 Italy 421 Latvia 540 Liechtenstein 453 Lithuania 541 Luxembourg 424 Malta 489 Monaco 427 Netherlands 430 Norway 457 Portugal 461 San Marino 491 Slovak Republic 552 Slovenia 555 Spain 465 Sweden 469 Switzerland 473 United Kingdom 124 Vatican 433 (ii) Other developed countries

Australia 812 Japan 135

New Zealand 824 United States 110 B. Offshore centers

Aruba 208 Anguilla 274 Antigua and Barbuda 207 Bahamas 209

Bahrain 604



Barbados 212 Bermuda 215 British Virgin Islands 218 Cayman Islands 221

Curacao 266 Gibraltar 485 Guernsey 486 Hong Kong SAR 658 Isle of Man 487 Jersey 488 Lebanon 620 Macau SAR 670 Mauritius 758

Montserrat 260 Panama 363 Panama Canal Zone 367

Samoa 870 Singapore 686

Sint Maarten (Dutch) 268 St. Kitts-Nevis 272

Vanuatu (formerly New Hebridges) 856 C. Developing Countries (i) Europe Albania 515 Belarus 517 Bosnia-Hercegovina 519 Bulgaria 521 Croatia 525 Czech Republic 526 Hungary 539 Macedonia 542 Moldova 543 Montenegro 559 Poland 545 Romania 551 Russian Federation 553 Serbia 558 Turkey 477 Ukraine 556 (ii) Latin America, Caribbean, and Western Atlantic Islands

Argentina 303 Belize 307 Bolivia 311 Bonaire, St. Eustatius and Saba 270 Brazil 315 Chile 319 Colombia 323



Costa Rica 327 Cuba 224 Dominica 227 Dominican Republic 230 Ecuador 331 El Salvador 335 Falkland Islands 233 French Guiana 339

Guadeloupe 239 Grenada 236 Guatemala 343 Guyana 347 Haiti 242 Honduras 351 Jamaica 248

Martinique 257 Mexico 355 Nicaragua 359 Paraguay 371 Peru 375 Puerto Rico 202 St. Barthelemy 276 St. Lucia 275 St. Martin (French) 279 St. Pierre and Miquelon 278 St. Vincent 281 Suriname 379 Trinidad and Tobago 287 Turks and Caicos Islands 290 Uruguay 383 U.S. Virgin Islands 205 Venezuela 387

(iii) Africa and Middle East

*Abu Dhabi 602 Algeria 702 Angola 704 Benin (formerly Dahomey) 724 Botswana 706 Burkina Faso 802 Burundi 708 Cameroon Republic 712 Cape Verde Islands 714 Central African Republic 716 Chad 718 Cocos (Keeling) Islands 814 Comoros Islands 720 Congo, Democratic Republic of (formerly Zaire) 804 Congo, People's Republic of 722 Côte d‟Ivoire 742 *Dubai 606 Djibouti (formerly French Afars & Issas) 730 Egypt 608



Equatorial Guinea 726 Eritrea 727 Ethiopia 728 Gabon 732 Gambia 734 Ghana 736 Guinea 738 Guinea-Bisseau 740 Heard and MacDonald Islands 816 Iran 610 Iraq 612 Israel 614 Jordan, Hashemite Kingdom of 616 Kenya 744 Kuwait, State of 618 Lesotho 746 Liberia 748 Libya, Arab Republic of 622 Madagascar (Malagasy Republic) 750 Malawi 752 Mali 754 Mauritania 756 Morocco 760 Mozambique 762 Namibia 764 Niger 766 Nigeria 768 Oman 626 Palestinian Territory 627 Qatar 628 Reunion Islands 770 Rwanda 774 Sao Tomé and Principe 778 Saudi Arabia 630 Senegal 780 Seychelles 782 Sierra Leone 784 Somalia 786 St. Helena 776 South Africa 701 South Sudan 791 Sudan 790 Swaziland 792 Syria 632 Tanzania 794 Togo 796 Tunisia 798 Uganda 800 *United Arab Emirates 634 Western Sahara 788 Yemen, Republic of 636 Zambia 806 Zimbabwe (formerly Rhodesia) 772

* Report Abu Dhabi and Dubai separately from other members of United Arab Emirates.



(iv) Asia and Pacific Afghanistan 648 American Samoa 832 Antarctica 834 Armenia 647 Azerbaijan 649 Bangladesh 650 Bhutan, Kingdom of 652 British Indian Ocean Territory 710 Brunei 654 Cambodia 664 China, People's Republic of 640 Chinese Taipei 690 Christmas Island 840 Cook Islands 826 Fiji 842 French Polynesia 844 Georgia 657 Guam 848 India 660 Indonesia 662 Johnston Island 850 Kazakhstan 665 Kiribati (Canton and Enderbury, Gilbert Island, Phoenix Islands, Line Islands) 846 Korea, Republic of (south) 666 Korea, Democratic People's Republic of (north) 642 Kyrgyz Republic 667 Laos 668 Malaysia 672 Maldives, Republic of 674 Marshall Islands 872 Micronesia 874 Midway Island 852 Mongolia 644 Myanmar (formerly Burma) 656 Nauru 818 Nepal, Kingdom of 676 New Caledonia 854 Niue Island 828 Norfolk Island 820 Pacific Islands (Trust Territory) 858 Pakistan 678 Palau 876 Papua New Guinea 822 Philippines 680 Pitcairn Islands 860 Solomon Islands 836 Sri Lanka 688 Tajikistan 691 Thailand 692 Timor Leste 682



Tokelau or Union Islands 830 Tonga 862 Turkmenistan 693 Tuvalu 838 U.S. Miscellaneous 864 Uzbekistan 695 Vietnam 646 Wake Island 866 Wallis and Futuna Islands 868 D. International organizations and other institutions Multilateral development banks (see List of international organizations) 924 Other International organizations (see List of international organizations) 900 Bank for International Settlements 915 European Central Bank 923

E. Unallocated Shipping loans 930 Other 935 F. Canada 146 Totals 999

CURRENCY CODES 1 Canadian currency 2 U.S. dollars 3 British pound sterling 4 Euro 5 Swiss francs 6 All other currencies 7 Japanese yen



GENERAL INSTRUCTIONS The information reported covers claims, other exposures, and liabilities booked at the Head Office of the institution, at Canadian branches of the institution, at the Head Office or Canadian branches of Canadian Corporations controlled by the institution, or at Canadian branches or offices of foreign corporations controlled by the institution (that is, Canadian units of the institution). International departments or divisions are considered to be residents of the country in which the office is located. The level of consolidation for this return should be the same as that for the Balance Sheet. The positions of investment dealer subsidiaries are to be consolidated into this return. All domestic and foreign currency claims, other exposures, and liabilities (whether vis-à-vis residents or non-residents) are to be reported on this return. Separate data are required with respect to positions in Canadian dollars, U.S. dollars, British pound sterling, Euros, Swiss francs, Japanese yen and "all other foreign currencies". Prior to March 1, 2017, the foreign currency amounts are translated into Canadian currency equivalent amounts using closing foreign exchange rates provided by the Bank of Canada. Currencies for which the Bank of Canada does not provide closing rates are converted to Canadian currency equivalents using a representative closing market mid-rate or the other market rate available. Effective March 1, 2017, when closing rates are no longer published by the Bank of Canada, the foreign currency positions are to be converted into Canadian currency equivalent amounts at the exchange rates used to convert foreign currency amounts reported on the Balance sheet (M4), to maintain the consistency and comparability between these two reports. As of January 1, 1999, members of the European Monetary Union (EMU) merged their currencies into a new currency, the Euro. EMU members include: Austria, Belgium, Cyprus (2008), Estonia (2011), Finland, France, Germany, Greece (2001), Ireland, Italy, Latvia (2014), Lithuania (2015), Luxembourg, Malta (2008), Netherlands, Portugal, Slovak Republic (2009), Slovenia (2007) and Spain. Prior to January 1, 1999, EMU member currencies were reported in the “Other Currencies” column, with the exception of Deutsche Marks, which were reported separately. Beginning January 1, 1999, all Euro currency entries (i.e., entries for all EMU members) are reported in the “Euro” column. Claims, other exposures, and liabilities are referred to as column numbers; this reference is for the purposes of reporting the return to the Bank of Canada. The residency of counterparties on both an immediate risk and ultimate risk basis is to be indicated according to a three digit country code provided on the List of Country Codes. References to "sections" in these instructions are intended to refer to the various sections on the List of Country Codes. All claims and other exposures are to be reported gross of any allowances for impairment. Accrued interest is to be excluded from all parts of the return. Exclude all gold and silver balances, net debit or credit items in transit vis-à-vis third parties, and items reported as "other" assets and liabilities on the month-end balance sheet except derivatives related amounts and obligations related to assets sold under repurchase agreements. Claims, other exposures, and liabilities are to be initially classified on a geographical basis according to the mailing address of the counterparty, unless the bank is aware that the resident status of the counterparty is different from their mailing address. Foreign branches or foreign subsidiaries of Canadian corporations are classified as non-residents (making them residents of the foreign country in which they are operating), while branches or subsidiaries of foreign corporations operating in Canada are classified as residents. Claims, other exposures and liabilities vis-à-vis international organizations (multilateral development banks and other international organizations) are to be reported separately in section D of the return (see List of country codes).



All intra-institution balances (including intra-institution net debit and credit items in transit) with foreign units of the institution are to be reported separately in the memorandum columns 17, 377, 105, 517, 527 and 27 as applicable. Intra-institution balances refer to claims on or liabilities to foreign branches, agencies and consolidated subsidiaries booked in Canada at the Head Office of the institution, at Canadian branches of the institution, at the Head Office or Canadian branches of Canadian Corporations controlled by the institution, or at Canadian branches or offices of foreign corporations controlled by the institution. Equity and retained earnings (column 377) include total share capital, contributed surplus, retained earnings closing balance and any other equity claims between the Canadian reporting entity and its affiliate. Inter-company debt balances (column 105) include all trade and non-trade debt such as loans, advances, overdrafts, mortgages, bonds, operating funds and all other forms of indebtedness between the Canadian reporting entity and its affiliate. Operating funds are defined as a loan provided by the head office or the controlling parent institution of a bank to a legally dependent, unincorporated branch for the purpose of supporting its day-to-day operations. Foreign Bank Branches are to include all balances vis-à-vis head office, other branches of the same bank and related Canadian regulated financial institutions. Bearer term deposits, covered bonds and other similar negotiable instruments for which the institution has no way of knowing the residency of the holder of such instruments are to be reported in section E (country code 935) on Part II of the return under the column „Unallocated by sector‟. Subordinated debt issued by the institution is to be allocated to country of residence of the holder of the debt. In cases where the institution cannot know the residency of the holder of such debt, report amounts outstanding in section E (country code 935). In section E of the list of country codes, reference is made to shipping loans. "Shipping loans" are defined to be those loans made upon the security of a ship to an entity whose address reflects its desire to fly "flags of convenience" (usually Liberian or Panama), and whose income is generated by chartering its ship to a resident of another country. Since it is difficult to ascertain where the borrower is domiciled and what the ultimate risk might be, these types of loans should be reported separately in section E (Unallocated, country code 930). It is not necessary to file any information regarding risk transfers for these types of loans. For reporting purposes, total immediate risk claims, other financial assets (derivatives), outward risk and inward risk transfers, deposits payable and other liabilities (derivatives) are further disaggregated by sector (Banks, Central banks, Non-bank financial institutions, Non-financial corporations, General government, Households, Total non-financial sector (which includes Other International organizations) and Unallocated). Total immediate risk claims are also broken down by residual term to maturity. Claims that cannot be classified by maturity, such as equity, should be assigned to the residual category “Unallocated”. Subordinated debt with a remaining maturity 1 year or less is to be reported separately as “of which” category under total subordinated debt. Derivative contracts are to be reported separately under other financial assets and liabilities and should be excluded from claims, inward and outward transfers. With respect to the sector breakdown, the return makes use of the 1980 Statistics Canada Standard Industrial Classification (SIC) and the North American Industry Classification System (NAICS) to identify borrowers. The concept of institutional sectors used in this return conforms to the attached definition. Note that Statistics Canada‟s Standard Industrial Classification speaks only to the Canadian situation. These must be adapted by institutions, unless specified otherwise, for borrowers outside of Canada.



Banks Chartered banks in Canada that are in Schedule I or II of the Bank Act (see SIC, Division K, Class 7021), foreign bank branches in Canada and all institutions elsewhere that are regarded as banks in the countries in which they are incorporated and supervised by the appropriate banking supervisor or central bank.

Central banks SIC, Division K, Class 7011 (See list of central banks and official monetary authorities) Financial institutions

Private and public financial institutions other than banks, engaged primarily in the provision of financial services and activities auxiliary to financial intermediation such as fund management.

Credit unions and caisses populaires, trust companies and mortgage loan companies (see SIC, Division K, Classes 7029, 7031, 7041, 7042, 7051, 7052 and 7099).

Life insurance companies, fraternal benefit societies, property and casualty insurance companies and trustee and other pension plans (see SIC, Division K, Class 7291, 7299 and Major Group 73.

Investment dealers (see SIC, Division K, Group 741) and mutual funds, hedge funds, closed-end funds, mortgage investment companies, real estate investment trusts, sales finance and consumer loan companies and other private financial institutions (such as financial leasing and venture capital companies, see SIC, Division K, Groups 71, 72 and Groups 742, 743 and 749) Include: Multilateral development banks (see List of international institutions)

Non-financial corporations

All emanations of governments that carry on a business or that have their own borrowing authority. All Canadian and foreign non-financial public corporations. All privately and publicly owned corporations and unincorporated businesses

Agriculture - SIC, Division A, Major Groups 01 and 02. Fishing and Trapping - SIC, Division B, Major Group 03. Logging and Forestry - SIC, Division C, Major Groups 04 and 05. Mining, Quarrying and Oil Wells - SIC, Division D, Major Groups 06 to 09 Manufacturing - SIC, Division E, Major Groups 10 to 12,15 to 19, 24 to 33, 35 to 37 and 39 Construction Industries- SIC, Division F, Major Groups 40 to 42 and 44 Transportation and Storage Industries- SIC, Division G, Major Group 45 to 47, Communication and Other Utility Industries – SIC, Division H, Major Group 48 and 49 Wholesale trade – SIC Division I, Major Groups 50 to 57 and 59. Retail trade - SIC, Division J, Major Groups 60 to 65 and 69 Real Estate Operator and Insurance Agent Industries- Division L, Major Groups 75 and 76 Business Service Industries - SIC, Division M, Major Group 77 Educational Service Industries – SIC, Division O, Groups 852 to 855 and 859; Health and Social Service Industries – SIC, Division P, Major Group 86; Accommodation, Food and Beverage Service Industries – SIC, Division Q, Major Groups 91 and 92, Other Service Industries – SIC, Division R, Major Groups 96 and 99



General government

All governments in a country whether central, provincial, state, regional, municipal or local, their departments and agencies. In addition, it includes non-profit institutions engaged in non-market production that are controlled and mainly financed by government units and social security funds

Government Service Industries – SIC, Division N, Major Groups 81 to 84 Elementary and Secondary Education – SIC, Division, Group 851

Households Individuals, families and unincorporated enterprises owned by households Non-financial sector

All non-financial sector quoted above (corporations, general government, households), plus all non-financial sector International organizations (i.e. excluding multilateral development banks). See List of international organizations.

Unallocated by sector

Sector of the counterparty unknown

North American Industry Classification System (NAICS) Banks 522111: Chartered banks in Canada that are in Schedule I or II of the Bank Act, foreign bank branches in Canada and all

institutions elsewhere that are regarded as banks in the countries in which they are incorporated and supervised by the appropriate banking supervisor or central bank. Exclude: Canadian trust companies and mortgage loan companies

Central banks 5211: See list of central banks and official monetary authorities Financial Institutions Private and public financial institutions other than banks, engaged primarily in the provision of financial services and activities

auxiliary to financial intermediation such as fund management. Group 522: Credit intermediation and related activities (excluding Banks) Group 523: Securities, commodity contracts, and other financial investment and related activities. Group 524: Insurance carriers and related activities (exclude 524210: Insurance agencies and brokerages) Group 526: Funds and other financial vehicles

Include: Multilateral development banks (see List of international institutions) Financial holding companies Non-financial corporations

All emanations of governments that carry on a business or that have their own borrowing authority. All Canadian and foreign non-financial public corporations. All privately and publicly owned corporations and unincorporated businesses:

Group 11: Agriculture, forestry, fishing and hunting Group 21: Mining, quarrying, and oil and gas extraction Group 22: Utilities Group 23: Construction Groups 31 – 33: Manufacturing Group 41: Wholesale trade Groups 44-45: Retail trade



Groups 48-49: Transportation and warehousing Group 51: Information and cultural industries Group 524210: Insurance agencies and brokerage Group 53: Real estate and rental and leasing Group 54: Professional, scientific and technical services Group 55: Management of companies and enterprises (exclude financial holding companies) Group 56: Administrative and support, waste management and remediation services Group 61: Educational services (exclude Elementary and secondary schools 6111) Group 62: Health care and social assistance Group 71: Arts, entertainment and recreation Group 72: Accommodation and food services Group 81: Other services (except public administration)

General government All governments in a country whether central, provincial, state, regional, municipal or local, their departments and agencies. In addition, it includes non-profit institutions engaged in non-market production that are controlled and mainly financed by government units and social security funds

Group 91: Public administration Group 6111: Elementary and secondary schools

Households Individuals, families and unincorporated enterprises owned by households Non-Financial sector All non-financial sector quoted above (corporations, general government, households), plus all non-financial sector

International organizations (i.e. excluding multilateral development banks). See List of international organizations. Unallocated by sector Sector of the counterparty unknown



Risk transfers: Information on claims reported on an immediate risk basis that can be reallocated to the country (and/or sector) where the final risk lies, i.e., the entity of ultimate risk, is to be reported by way of outward and inward risk transfers. In line with the risk reallocation principle for measuring country exposure recommended by the Basel Committee on Banking Supervision, the country of ultimate risk or where the final risk lies is defined as the country in which the guarantor of a financial claim resides and/or the country in which the head office of a legally dependent branch is located. Claims on separately capitalized subsidiaries can only be considered as being guaranteed by the head office if the parent has provided an explicit guarantee. In contrast, claims on branches should always be considered as being guaranteed by the respective parent, even if there is no legal guarantee. Collateral may be considered as an indicator of where the final risk lies to the extent that it is recognized as a risk mitigant under the Basel Capital Accord. 1 The following is a list of eligible collateral (for more details refer to the Quantitative Impact Study referenced below):

(a) cash (as well as certificates of deposit or comparable instruments issued by the lending bank) on deposit with the bank which is incurring the counterparty exposure.

(b) gold

(c) debt securities rated by a recognized external credit assessment institution where these are either:

-at least BB- when issued by sovereigns and public sector entities (PSEs) that are treated as sovereigns by the national supervisor; or -at least BBB- when issued by other issuers (including banks and securities firms); or -at least A3/P3 for short-term debt instruments

(d) debt securities not rated by a recognized external credit assessment institution where these are:

- issued by a bank; and - listed on a recognized exchange; and - classified as senior debt; and - all rated issues of the same seniority by the issuing bank must be rated at least BBB- or A3/P3 by a recognized external credit assessment institution; and - the bank holding the securities as collateral has no information to suggest that the issue justifies a rating below BBB- or A3/P3 (as applicable); and - the supervisor is sufficiently confident about the market liquidity of the security

(e) equities (including convertible bonds) that are included in a main index (f) equities (including convertible bonds) which are not included in a main index but which are listed on a recognized exchange (g) UCITS/mutual funds which include such equities

(h) undertakings for collective investments in transferable securities (UCITS) and mutual funds where:

- a price for the units is publicly quoted daily; and - the UCITS/mutual fund is limited to investing in the instruments listed in this section

1 See paragraphs 145 and 146 of Basel Committee on Banking Supervision, International convergence of

capital measurement and capital standards, BIS, June 2006. Available at: www.bis.org/publ/bcbs128.htm.



Additional types of collateral (besides financial collateral as set out above): 1) Commercial real estate (CRE) and residential real estate (RRE) collateral; 2) Finance receivables collateral with an original maturity of less than or equal to one year; 3) Other physical collateral with existing liquid markets and available market prices; and 4) Leasing collateral (e.g., equipment)

If credit derivatives are used to cover for the counterparty risk of financial claims in the banking book, the country of ultimate risk of these positions is defined as the country in which the counterparty to the credit derivative contract resides, and these should be reported as risk transfers. If a guarantee exceeds a value of the claim it is guaranteeing only the value of the claim should be reported in risk transfers. Credit derivatives, such as credit default swaps and total return swaps, that belong to the trading book of the protection buying reporting bank should only be reported under the “Derivatives” category, and all other credit derivatives should be reported as “Guarantees” by the protection seller (see Guarantees and Other Unused Credit Commitments below).

Reporting of Credit derivatives

Buy protection Sell protection Banking book Risk transfers Guarantees Trading book Derivatives Guarantees

In the case of security holdings, such as credit-linked notes and other collateralized debt obligations and asset-backed securities, a “look-through” approach should be adopted and the country of ultimate risk is defined as the country where the debtor of the underlying credit, security or derivative contract resides. Note that inward and outward risk transfers are used to report transfer of risk from one sector to another sector, even when the country of the immediate risk and the country of ultimate risk are the same. The total for all outward risk transfers will equal the total for all inward risk transfers. Where banks are unable to allocate outward risk by country because the protection has been purchased to cover a group, e.g., an industry exposure, banks are to use a reasonable weighted-average allocation formula, e.g., weighted-average based on total claims of the group. The following example demonstrates a risk transfer. A borrower in country X borrows $1 million Canadian equivalent from a chartered bank, and the repayment of that loan is guaranteed by another entity in country Y. For purposes of risk transfer, this transaction would be reported as follows:

(Thousands of Canadian Dollars)

Claims On Loans Outward Risk Transfer

Inward Risk Transfer

(1) 2) (3) (4) 1. Country X 1,000 1,000 2. Country Y 1,000

The data in line 1 tell us that the bank has a $1 million claim on a borrower located in country X, and this claim is guaranteed by a resident of another country. Line 2 data tell us that the residents of country Y have provided an unconditional credit commitment for the claims the bank has on the residents of another country. Note that the total of the "Outward Risk Transfer" column and the "Inward Risk Transfer" column (columns 3 and 4 in the above example) will be the same. The following equation illustrates how to derive claims on an ultimate risk basis: Total Claims - Outward Risk + Inward Risk = Total Claims (Immediate Risk Basis) Transfer Transfer (Ultimate Risk Basis)



Derivatives - Immediate risk basis Report on-balance sheet derivatives instruments with positive market value under assets and derivatives with negative market value under liabilities. The data should cover all booked in Canada derivatives instruments reported on the balance sheet and the positions should be allocated to the country where the immediate counterparty exposure or risk lies. If country of counterparty/sector is difficult to determine, report the position under Unallocated by country (c935) and/or Unallocated by sector (columns 235, 264). For more on the valuation of derivatives see Derivatives Valuation section below. Derivatives – Ultimate risk basis: Banks are to provide data on financial claims (i.e., positive market values) resulting from derivative contracts. The data should be reported on an ultimate risk basis, i.e., the positions should be allocated to the country where the final risk lies. The data should cover in principle all derivative instruments that are reported in the context of the BIS‟s regular OTC derivatives statistics. The data thus mainly comprise forwards, swaps and options relating to foreign exchange, interest rate, equity, commodity and credit derivatives instruments. As previously indicated, credit derivatives, such as credit default swaps and total return swaps, should only be reported under the item “derivatives claims” (and at market value) if they are held for trading by a protection-buying reporting bank. Credit derivatives that are not held for trading, e.g. those held in the banking book, should be reported as “risk transfers” (and at notional value) by a protection-buying reporting bank. For a protection selling reporting bank, all credit derivatives (i.e. CDS sold) should be reported as “guarantees”) (see credit derivatives table on page 15). Note that CDS sold should be reported at gross notional values and vis-à-vis the country of the underlying reference entity where the ultimate (final) risk lies. Derivatives Valuation: Reporting of financial claims and liabilities resulting from derivatives instruments should be consistent with “replacement value” and compliant with accounting standards used to produce the balance sheet. All derivatives instruments with a positive market value should be treated as assets and those with a negative market value as liabilities. The currency denomination should be the currency in which the derivatives are to be redeemed or settled (see the box “Reporting of derivatives by currency”). Reporting of “net positions” is allowed only to the extent that the accounting standards used to produce the balance sheet allow netting of multiple matching swaps (by currency and maturity) with the same counterparty that are covered under a legally enforceable netting agreement. For swaps, the net market/fair value of each contract, where here the “net” refers to the net present value of the “two legs” of a swap, should be reported. Financial derivatives other than swaps should be reported at gross market value in accordance with IFRS. Reporting of derivatives by currency For derivatives instruments, the currency of denomination should be the one in which the net payment is to be settled. For example, consider an FX swap transaction in which USD 140 million is exchanged for EUR 100 million and the exchange rate is USD/EUR 1.5 on the reporting date. This gives a gross market value (net of “two legs”) of USD –10 million (i.e. a liability of USD 10 million). How should the swap be reported with a currency breakdown? Recommended method: Report 10 as a EUR-denominated liability (net of the “two legs”).



Guarantees and Other Unused Credit Commitments: Data are to be reported on exposures to the reporting bank via guarantees and unused credit commitments other than guarantees. These are to be reported on an ultimate risk basis, i.e., the positions allocated to the country where the final risk lies. Both types of data should be reported to the extent that they represent the unutilized portion of both binding contractual obligations and any other irrevocable commitments. Performance bonds and other forms of guarantee should only be reported if, in the event of the contingency occurring, the resulting claims would have an impact on total balance sheet claims. Guarantees or commitments that can be cancelled unconditionally are presumed to be revocable and thus should not be included. A more detailed definition of guarantees and other credit commitments and a non-exhaustive list of typical instruments that qualify as guarantees and other credit commitments are provided below. “Guarantees” are contingent liabilities arising from an irrevocable obligation to pay a third-party beneficiary when a client fails to perform some contractual obligation. They include secured, bid and performance bonds, warranties and indemnities, confirmed documentary credits, irrevocable and standby letters of credit, acceptances and endorsements. Guarantees extended also include the contingent liabilities of the protection seller of credit derivatives instruments (see credit derivatives table on page 15). “Other unused credit commitments” are arrangements that irrevocably obligate an institution, at a client‟s request, to extend credit in the form of loans, participation in loans, lease financing receivables, mortgages, overdrafts or other loan substitutes or commitments to extend credit in the form of the purchase of loans, securities or other assets. Normally commitments involve a written contract or agreement and some form of consideration, such as a commitment fee. This definition is identical to that used in the Capital Adequacy Return. Include customers‟ liability under acceptances (Assets 4 of the month-end balance sheet). Do not include such items as letters of awareness or intent, comfort letters, or similar documents. Contingent liabilities resulting from guarantees and credit commitments should be valued at face value or the maximum possible exposure.



Further instrument definitions and reporting categorizations follows. SPECIFIC INSTRUCTIONS Positions on an immediate risk basis PART I – ASSETS AND OTHER EXPOSURES Columns 528, 110, 529- Balances with Banks, Central banks and Financial Institutions, and Bank notes and other coin

Deposits with other banks, central banks and financial institutions are to be reported geographically according to the location of the institution‟s branch where the deposit is held. Banks‟ holdings of notes and coins that are in circulation and commonly used to make payments are also to be reported in these columns. Due to the impossibility of allocating euro notes to the specific issuing euro area country, these banknotes and coins are to be allocated as claims on the European Central Bank (C923). Exclude net debit items in transit.

Columns 3, 364, 200, 201, 202, 203, 204, 205, 206, 367, 207, 208, 209, 210, 211, 212, 213, 370, 214, 215, 216, 217, 218, 219, 220- Securities

Securities are to be reported at balance sheet value, gross of any allowance for impairment and are to be reported geographically according to the country of residence of the issuer. Short-term securities are those with an original term to maturity of one year or less, with the exception of Government of Canada securities where short-term securities are those with a remaining term to maturity of 3 years or less.

Columns 4, 376, 221, 222, 223, 224, 225, 226, 227 - Loans

All loans are to be reported at balance sheet value, gross of any allowance for impairment. Loans include lease receivables. Report reverse repurchase agreements included in loans under “of which” category 227.

Column 6 - Total Claims

Report the total of columns 528, 110, 529, 3, 4, 376, 221, 225 and 226 Columns 99, 11, 112, 400 – Distribution of Total Claims by Residual Term to Maturity Distribute total claims (column 6) according to residual term to maturity. The maturity distribution should reflect amortization periods or final maturity dates, rather than interest adjustment or rollover dates. Installment loans should be allocated to the periods in which the installment payments are made. Demand loans should be classified as claims with a maturity of one year or less. If a claim involves a sinking fund, use the final maturity date. Equities are to be included in column 400 (unallocated) along with the data for which it is not necessary to report maturity, e.g., deposits with individual banks, securities holdings of specific issues amounting to $200,000 or less, and loans made under authorization of $200,000 or less.



Columns 17, 377, 105 and 517 - Total Head Office Claims on Foreign Branches, Agencies and Consolidated Subsidiaries (Inter-office positions)

Report claims on foreign branches, agencies and consolidated subsidiaries booked in Canada at the Head Office of the bank, at Canadian branches of the bank, at the Head Office or Canadian branches of Canadian Corporations controlled by the bank, or at Canadian branches or offices of foreign corporations controlled by the bank. Equity and retained earnings (column 377) include total share capital, contributed surplus, retained earnings closing balance and any other equity claims between the Canadian reporting entity and its affiliate. Inter-company debt balances (column 105) include all trade and non-trade debt such as loans, advances, overdrafts, mortgages, bonds, operating funds and all other forms of indebtedness between the Canadian reporting entity and its affiliates. Intra-institution claims on banks are also to be reported in column 517. Foreign bank branches are to report in columns 17, 377, 105 and 517 amounts vis-à-vis head office, other branches of the same bank and Canadian regulated financial institutions.

Claims - Risk transfers Columns 401, 236, 237, 238, 239, 240, 241, 242 and 404 Outward Risk Transfers

Report the amounts in column 6 which are guaranteed or assured through some type of commitment by a party in another country or by another sector in the same country (see general instructions).

Columns 411, 243, 244, 245, 246, 247, 248, 249 and 414 - Inward Risk Transfers

Report the amount of any guarantees and other types of credit commitments made by residents of each country related to claims that the reporting bank has on residents of other countries or by another sector in the same country (see general instructions).

Other financial assets Columns 228, 229, 230, 231, 232, 233, 234 and 235 – Derivatives – Immediate Risk basis

Report all on balance sheet derivative instruments with positive market value. Note that derivative contracts are excluded from total claims (6).

Positions on an ultimate risk basis Column 420 – Total Claims Ultimate Risk Basis

Report the total of columns 6 less 404 plus 414. Columns 421, 422 – Unused Credit Commitments

Report separate amounts for “guarantees” and “other” types of unused credit commitments on an ultimate risk basis (see general instructions). When the currency of future borrowings is not known at the reporting date, report such commitments under the currency in which the maximum authorized drawdown for the loan is stated.

Column 423 – Derivatives

Report the market value of OTC derivative contracts on an ultimate risk basis (see general instructions).



PART II- LIABILITIES Column 106 - Deposits Payable to Banks

Deposits payable to other banks are to be classified geographically according to the residency of the branch of the depositing institution. Report deposits payable to central banks and other official monetary authorities separately. Exclude net credit items in transit.

Column 20 - Deposits Payable to Central banks and Other Official Monetary Authorities

Include deposits payable to central banks and other official monetary authorities (see List of central banks and other official monetary authorities).

Column 250, 251, 252, 253, 254 and 255 - Deposits Payable to Non-banks

Report deposits payable to Financial institutions, Non-financial corporations, General government, Households, Total non-financial sector (which includes Other International organizations) and deposits unallocated by sector. Bearer term deposits, covered bonds and other similar negotiable instruments for which the institution has no way of knowing the residency of the holder of such instruments are to be reported under country code Unallocated, section E (country code 935).

Column 22 - Total of all Deposits Payable

Report the total of columns 106, 20, 250, 254 and 255. Columns 27, 527 - Total Liabilities to Foreign Branches and Agencies, and Consolidated Subsidiaries (Inter-office positions)

Report total liabilities to foreign branches, agencies and consolidated subsidiaries booked in Canada at the Head Office of the bank, at Canadian branches of the bank, at the Head Office or Canadian branches of Canadian Corporations controlled by the bank, or at Canadian branches or offices of foreign corporations controlled by the bank. Intra-institution liabilities to banks are also to be reported in column 527. Foreign bank branches are to report in column 27 and 527 amounts vis-à-vis head office and other branches of the same bank and related Canadian regulated financial institutions.

Columns 664, 256 - Subordinated Debt

Report subordinated debt outstanding. If residency of the holder is unknown, report these amounts in Section E (country code 935). Subordinated debt with a remaining maturity of up to and including one year should also be reported under column 256.

Other Liabilities Columns 257, 258, 259, 260, 261, 262, 263 and 264 – Derivatives

Report all on-balance sheet derivative instruments with negative market value.

Column 265 – Repurchase agreements

Repurchase agreements are to be reported geographically according to the location of the repo counterparty.



Reconciliation with Month end Balance Sheet All banks are required, as at the end of each calendar quarter, to reconcile the information reported on this return with that reported on the month end balance sheet (M4).

The Quarterly reconciliation of the geographical distribution return with the consolidated monthly return of assets and liabilities (T2) is to be submitted within 40 days of the calendar quarter. Banks that also report the booked outside Canada return (GR) should submit their reconciliation within 60 days of the calendar quarter. Positions to be reported are shown below: Claims Total currency and foreign currency claims (excluding cash and cash equivalent) reported in the Geographical Return as at the end of the calendar quarter: - Columns 6-528-110-529 Total currency and foreign currency amounts excluded from Quarterly Geographical Return: Individual and Group Allowance, Other Other (specify) Total currency and foreign currency claims (excluding cash and cash equivalents) reported in consolidated monthly balance sheet as at the end of the calendar quarter: - M4 Section 1-Assets, 2, 3 Deposits Total currency and foreign currency deposits reported in the Geographical Return as at the end of the calendar quarter: - Columns 22, 664 Total currency and foreign currency amounts excluded from Quarterly Geographical Return: Specify Total currency and foreign currency deposits reported in consolidated monthly balance sheet as at the end of the calendar quarter: - Section II – Liabilities, 1, 2 and 7



List of International organizations (not exhaustive)

International Organization Acronym Head office Counterparty Sector

Country

group African Development Bank Group AfDB Abidjan Non-bank financial

institution 924

African Union AU Addis Ababa Non-financial sector 900

Andean Development Corporation ADC Caracas Non-bank financial institution

924

Arab Bank for Economic Development in Africa

BADEA Khartoum Non-bank financial institution

924

Arab Fund for Economic and Social Development

AFESD Kuwait Non-bank financial institution

924

Arab Monetary Fund AMF Abu Dhabi Non-bank financial institution

924

Asian Clearing Union ACU Tehran Non-bank financial institution

924

Asian Development Bank ADB Manila Non-bank financial institution

924

Association of Southeast Asian Nations

ASEAN Jakarta Non-financial sector 900

Caribbean Community and Common Market

CARICOM Georgetown (Guyana)

Non-financial sector 900

Caribbean Development Bank CDB St Michael (Barbados)

Non-bank financial institution

924

Central African States Development Bank

CASDB Brazzaville Non-bank financial institution

924

Central American Bank for Economic Integration

CABEI Tegucigalpa Non-bank financial institution

924

Central American Common Market CACM Guatemala City Non-financial sector 900

Colombo Plan Colombo Non-financial sector 900

Council of Europe CE Strasbourg Non-financial sector 900

Council of Europe Development Bank

Paris Non-bank financial institution

924

East African Development Bank EADB Kampala Non-bank financial institution

924

Economic Community of West African States

ECOWAS Lagos Non-financial sector 900

European Atomic Energy Community

Euratom Brussels Non-financial sector 900

European Bank for Reconstruction and Development

EBRD London Non-bank financial institution

924

European Free Trade Association EFTA Geneva Non-financial sector 900

European Investment Bank EIB Luxembourg Non-bank financial institution

924




Country group

European Organization for Nuclear Research

CERN Geneva Non-financial sector 900

European Space Agency ESA Paris Non-financial sector 900

European Stability Mechanism (prior to 2013 European Financial Stability Facility)

ESM Luxembourg Non-bank financial institution

924

European Telecommunications Satellite Organization

EUTELSAT Paris Non-financial sector 900

European Union EU Brussels Non-financial sector 900

Food and Agriculture Organization FAO Rome Non-financial sector 900

Inter-American Development Bank IADB Washington Non-bank financial institution

924

Intergovernmental Council of Copper Exporting Countries

CIPEC Paris Non-financial sector 900

International Atomic Energy Agency

IAEA Vienna Non-financial sector 900

International Bank for Reconstruction and Development World Bank

IBRD Washington Non-bank financial institution

924

International Civil Aviation Organization

ICAO Montreal Non-financial sector 900

International Cocoa Organization ICCO London Non-financial sector 900

International Coffee Organization ICO London Non-financial sector 900

International Committee of the Red Cross

ICRC Geneva Non-financial sector 900

International Cotton Advisory Committee

ICAC Washington Non-financial sector 900

International Development Association

IDA Washington Non-bank financial institution

924

International Finance Corporation IFC Washington Non-bank financial institution

924

International Fund for Agricultural Development

IFAD Rome Non-financial sector 900

International Grains Council IGC London Non-financial sector 900

International Jute Study Group IJSG Dhaka Non-financial sector 900

International Labour Organization ILO Geneva Non-financial sector 900

International Lead and Zinc Study Group

ILZSG Lisbon Non-financial sector 900

International Maritime Organization

IMO London Non-financial sector 900

International Maritime Satellite Organization

INMARSAT London Non-financial sector 900




Country group

International Monetary Fund IMF Washington Non-bank financial institution

924

International Olive Oil Council IOOC Madrid Non-financial sector 900

International Rubber Study Group IRSG London Non-financial sector 900

International Sugar Organization ISO London Non-financial sector 900

International Telecommunication Union

ITU Geneva Non-financial sector 900

Islamic Development Bank IDB Jeddah Non-bank financial institution

924

Latin American Association of Development Financing Institutions

ALIDE Lima Non-financial sector 900

Latin American Economic System SELA Caracas Non-financial sector 900

Latin American Energy Organization

OLADE Quito Non-financial sector 900

Latin American Integration Association

LAIA Montevideo Non-financial sector 900

Latin American Reserve Fund LARF Bogotá Non-bank financial institution

924

League of Arab States LAS Cairo Non-financial sector

Multilateral Investment Guarantee Agency

MIGA Washington Non-bank financial institution

924

Nordic Investment Bank NIB Helsinki Non-bank financial institution

924

North Atlantic Treaty Organisation NATO Brussels Non-financial sector 900

Organisation for Economic Co- operation and Development

OECD Paris Non-financial sector 900

Organisation of Eastern Caribbean States

OECS Castries (St Lucia)

Non-financial sector 900

Organization of American States OAS Washington Non-financial sector 900

Organization of Arab Petroleum Exporting Countries

OAPEC Safat (Kuwait) Non-financial sector 900

Organization of Central American States

OCAS San Salvador Non-financial sector 900

Organization of the Petroleum Exporting Countries

OPEC Vienna Non-financial sector 900

OPEC Fund for International Development

OFID Vienna Non-bank financial institution

924

South Asian Association for Regional Cooperation

SAARC Kathmandu Non-financial sector 900

United Nations Children‟s Fund UNICEF New York Non-financial sector 900




Country group

United Nations committees, funds and programmes, other

New York Non-financial sector 900

United Nations Conference on Trade and Development

UNCTAD Geneva Non-financial sector 900

United Nations Educational, Scientific and Cultural Organization

UNESCO Paris Non-financial sector 900

Universal Postal Union UPU Berne Non-financial sector 900

West African Economic and Monetary Union

WAEMU Ouagadougou Non-bank financial institution

924

West African Economic Community

WAEC Ouagadougou Non-financial sector 900

West African Monetary Agency WAMA Freetown(Sierra Leone)

Non-bank financial institution

924

Western European Union WEU Brussels Non-financial sector 900

World Council of Churches WCC Geneva Non-financial sector 900

World Health Organization WHO Geneva Non-financial sector 900

World Intellectual Property Organization

WIPO Geneva Non-financial sector 900

World Meteorological Organization

WMO Geneva Non-financial sector 900

World Tourism Organization UN WTO Madrid Non-financial sector 900

World Trade Organization WTO Geneva Non-financial sector 900



List of central banks and other official monetary institutions (not exhaustive)

Country ISO Name of Central Bank City

Afghanistan AF Central Bank of Afghanistan Kabul

Albania AL Bank of Albania Tirana

Algeria DZ Bank of Algeria Algiers

Angola AO National Bank of Angola Luanda

Argentina AR Central Bank of Argentina Buenos Aires

Armenia AM Central Bank of Armenia Yerevan

Aruba AW Central Bank of Aruba Oranjestad

Australia AU Reserve Bank of Australia Sydney

Austria AT Austrian National Bank Vienna

Azerbaijan AZ Central Bank of the Republic of Azerbaijan

Baku

Bahamas BS Central Bank of the Bahamas Nassau

Bahrain BH Central Bank of Bahrain Manama

Bangladesh BD Bangladesh Bank Dhaka

Barbados BB Central Bank of Barbados Bridgetown

Belarus BY National Bank of the Republic of Belarus Minsk

Belgium BE National Bank of Belgium Brussels

Belize BZ Central Bank of Belize Belize City

Bermuda BM Bermuda Monetary Authority Hamilton

Bhutan BT Royal Monetary Authority of Bhutan Thimphu

Bolivia BO Central Bank of Bolivia La Paz

Bosnia and Herzegovina BA Central Bank of Bosnia and Herzegovina Sarajevo

Botswana BW Bank of Botswana Gaborone

Brazil BR Central Bank of Brazil Brasília

Brunei BN Brunei Monetary Board Bandar Seri Begawan

Bulgaria BG Bulgarian National Bank Sofia

Burundi BI Bank of the Republic of Burundi Bujumbura

Cambodia KH National Bank of Cambodia Phnom Penh

Cameroon CM Bank of Central African States (Cameroon, Central African Republic, Chad, Congo, Equatorial Guinea, Gabon)

Yaoundé

Canada CA Bank of Canada Ottawa




Cape Verde CV Bank of Cape Verde Praia

Cayman Islands KY Cayman Islands Monetary Authority Georgetown

Chile CL Central Bank of Chile Santiago de Chile

China CN People‟s Bank of China Beijing

China CN State Administration of Foreign Exchange

Beijing

Chinese Taipei TW Central Bank of China Taipei

Colombia CO Bank of the Republic Bogotá

Comoros KM Central Bank of The Comoros Moroni

Congo, Democratic Rep. CD Central Bank of Congo Kinshasa

Costa Rica CR Central Bank of Costa Rica San José

Croatia HR Croatian National Bank Zagreb

Cuba CU Central Bank of Cuba Havana

Curaçao CW Central Bank of Curaçao and Saint Maarten

Willemstad

Cyprus CY Central Bank of Cyprus Nicosia

Czech Republic CZ Czech National Bank Prague

Denmark DK National Bank of Denmark Copenhagen

Djibouti DJ National Bank of Djibouti Djibouti

Dominican Republic DO Central Bank of the Dominican Republic Santo Domingo

Ecuador EC Central Bank of Ecuador Quito

Egypt EG Central Bank of Egypt Cairo

El Salvador SV Central Reserve Bank of El Salvador San Salvador

Eritrea ER National Bank of Eritrea Asmara

Estonia EE Bank of Estonia Tallinn

Ethiopia ET National Bank of Ethiopia Addis Ababa

Fiji FJ Reserve Bank of Fiji Suva

Finland FI Bank of Finland Helsinki

France FR Bank of France Paris

French Polynesia PF Institut d‟Emission d‟Outre-Mer Papeete

Gambia, The GM Central Bank of The Gambia Banjul

Georgia GE National Bank of Georgia Tbilisi

Germany DE European Central Bank Frankfurt am Main




Germany DE Deutsche Bundesbank Frankfurt am Main

Ghana GH Bank of Ghana Accra

Greece GR Bank of Greece Athens

Guatemala GT Bank of Guatemala Guatemala City

Guinea GN Central Bank of the Republic of Guinea Conakry

Guyana GY Bank of Guyana Georgetown

Haiti HT Bank of the Republic of Haiti Port-au-Prince

Honduras HN Central Bank of Honduras Tegucigalpa

Hong Kong SAR HK Hong Kong Monetary Authority Hong Kong SAR

Hungary HU Magyar Nemzeti Bank Budapest

Iceland IS Central Bank of Iceland Reykjavík

India IN Reserve Bank of India Mumbai

Indonesia ID Bank Indonesia Jakarta

Iran IR Central Bank of the Islamic Republic of Iran

Tehran

Iraq IQ Central Bank of Iraq Baghdad

Ireland IE Central Bank of Ireland Dublin

Israel IL Bank of Israel Jerusalem

Italy IT Bank of Italy Rome

Jamaica JM Bank of Jamaica Kingston

Japan JP Bank of Japan Tokyo

Japan JP Ministry of Finance Tokyo

Jordan JO Central Bank of Jordan Amman

Kazakhstan KZ National Bank of the Republic of Kazakhstan

Almaty

Kenya KE Central Bank of Kenya Nairobi

Kiribati KI Bank of Kiribati Tarawa

[South] Korea KR Bank of Korea Seoul

Kuwait KW Central Bank of Kuwait Kuwait

Kyrgyz Republic KG National Bank of the Kyrgyz Republic Bishkek

Laos LA Bank of the Lao People‟s Democratic Republic

Vientiane

Latvia LV Bank of Latvia Riga

Lebanon LB Central Bank of Lebanon Beirut




Lesotho LS Central Bank of Lesotho Maseru

Liberia LR Central Bank of Liberia Monrovia

Libya LY Central Bank of Libya Tripoli

Lithuania LT Bank of Lithuania Vilnius

Luxembourg LU Central Bank of Luxembourg Luxembourg

Macao SAR MO Monetary Authority of Macao Macao SAR

Macedonia, FYR MK National Bank of the Republic of Macedonia

Skopje

Madagascar MG Central Bank of Madagascar Antananarivo

Malawi MW Reserve Bank of Malawi Lilongwe

Malaysia MY Central Bank of Malaysia Kuala Lumpur

Maldives MV Maldives Monetary Authority Male

Malta MT Central Bank of Malta Valletta

Mauritania MR Central Bank of Mauritania Nouakchott

Mauritius MU Bank of Mauritius Port Louis

Mexico MX Bank of Mexico Mexico City

Moldova MD National Bank of Moldova Chisinau

Mongolia MN Bank of Mongolia Ulan Bator

Morocco MA Bank of Morocco Rabat

Mozambique MZ Bank of Mozambique Maputo

Myanmar MM Central Bank of Myanmar Rangoon

Namibia NA Bank of Namibia Windhoek

Nauru NR Bank of Nauru Nauru

Nepal NP Central Bank of Nepal Kathmandu

Netherlands NL Netherlands Bank Amsterdam

New Caledonia NC Institut d‟Emission d‟Outre-Mer Nouméa

New Zealand NZ Reserve Bank of New Zealand Wellington

Nicaragua NI Central Bank of Nicaragua Managua

Nigeria NG Central Bank of Nigeria Abuja

North Korea KP Central Bank of Korea Pyongyang

Norway NO Central Bank of Norway Oslo

Oman OM Central Bank of Oman Ruwi, Muscat

Pakistan PK State Bank of Pakistan Karachi




Panama PA National Bank of Panama Panama

Papua New Guinea PG Bank of Papua New Guinea Port Moresby

Paraguay PY Central Bank of Paraguay Asunción

Peru PE Central Reserve Bank of Peru Lima

Philippines PH Bangko Sentral ng Pilipinas Manila

Poland PL National Bank of Poland Warsaw

Portugal PT Bank of Portugal Lisbon

Qatar QA Qatar Central Bank Doha

Romania RO National Bank of Romania Bucharest

Russia RU Central Bank of the Russian Federation Moscow

Rwanda RW National Bank of Rwanda Kigali

Samoa WS Central Bank of Samoa Apia

San Marino SM San Marinese Institute of Credit San Marino

São Tomé and Príncipe ST Central Bank of São Tomé and Príncipe São Tomé

Saudi Arabia SA Saudi Arabian Monetary Agency Riyadh

Senegal SN Central Bank of West African States (Benin, Burkina Faso, Côte d‟Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo)

Dakar

Serbia RS National Bank of Serbia Belgrade

Seychelles SC Central Bank of Seychelles Victoria

Sierra Leone SL Bank of Sierra Leone Freetown

Singapore SG Monetary Authority of Singapore Singapore

Slovakia SJ National Bank of Slovakia Bratislava

Slovenia SI Bank of Slovenia Ljubljana

Solomon Islands SB Central Bank of Solomon Islands Honiara

Somalia SO Central Bank of Somalia Mogadishu

South Africa ZA South African Reserve Bank Pretoria

South Sudan SS Bank of South Sudan Juba

Spain ES Bank of Spain Madrid

Sri Lanka LK Central Bank of Sri Lanka Colombo




St Kitts and Nevis KN Eastern Caribbean Central Bank (Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, St Kitts and Nevis, St Lucia, St Vincent and the Grenadines)

Basseterre, St Kitts

Sudan SD Bank of Sudan Khartoum

Suriname SR Central Bank of Suriname Paramaribo

Swaziland SZ Central Bank of Swaziland Mbabane

Sweden SE Sveriges Riksbank Stockholm

Switzerland CH Bank for International Settlements Basel

Switzerland CH Swiss National Bank Zurich

Syria SY Central Bank of Syria Damascus

Tajikistan TJ National Bank of the Republic of Tajikistan

Dushanbe

Tanzania TZ Bank of Tanzania Dar es Salaam

Thailand TH Bank of Thailand Bangkok

Tonga TO National Reserve Bank of Tonga Nuku‟alofa

Trinidad and Tobago TT Central Bank of Trinidad and Tobago Port-of-Spain

Tunisia TN Central Bank of Tunisia Tunis

Turkey TR Central Bank of the Republic of Turkey Ankara

Turkmenistan TM State Central Bank of Turkmenistan Ashgabat

Tuvalu TV National Bank of Tuvalu Funafuti

Uganda UG Bank of Uganda Kampala

Ukraine UA National Bank of Ukraine Kiev

United Arab Emirates AE Central Bank of the United Arab Emirates Abu Dhabi

United Kingdom GB Bank of England London

United States US Federal Reserve System (Board of Governors of the Federal Reserve, Federal Reserve Bank of New York, 11 other Federal Reserve Banks)

Various locations

Uruguay UY Central Bank of Uruguay Montevideo

Uzbekistan UZ Central Bank of the Republic of Uzbekistan

Tashkent

Vanuatu VU Reserve Bank of Vanuatu Port Vila

Venezuela VE Central Bank of Venezuela Caracas

Vietnam VN State Bank of Vietnam Hanoi




Wallis and Futuna Islands WF Institut d‟Emission d‟Outre-Mer Central

Mata-Utu

Yemen YE Bank of Yemen Sana‟a

Zambia ZM Bank of Zambia Lusaka

Zimbabwe ZW Reserve Bank of Zimbabwe Harare



Examples for reporting of individual transactions*

A. Loans and deposits Immediate risk and outward risk (where

applicable) reporting Inward risk reporting

Type of claim

Sector Country Type of claims

Sector Country

1. A Canadian bank has extended a loan to a corporate in Japan which is backed by a guarantee from a bank in the UK

cross-border non-financial corporation Japan cross border bank UK

2. A Canadian bank has extended a loan to a corporate in Japan in Japanese Yen which is backed by a guarantee from a bank in Canada

cross-border non-financial corporation Japan local in foreign

currency

bank Canada

3. A Canadian bank has a deposit with a branch of a Japanese bank in the UK

cross-border bank UK cross border bank Japan

4. A Canadian bank has extended a loan to a corporate in Japan. The corporate has provided UK government securities as collateral

cross-border non-financial corporation Japan cross border general government

UK

5. A Japanese bank in Canada has extended a loan to a corporate in Japan

cross-border non-financial corporation Japan none none none

6. A Canadian bank has extended a loan to a corporate in Japan. In order to hedge the counterparty risk, the Canadian bank has bought a credit derivative issued by a bank in the UK

cross-border non-financial corporation Japan cross border bank UK

7. A Korean bank in Canada has extended a loan to a bank in Japan

cross-border bank Japan none none none

8. A Canadian bank has extended a loan to a subsidiary of a Japanese bank in the UK. The subsidiary has not received an explicit guarantee from its head office

cross-border bank UK none none none

9. A Canadian bank has extended a loan to a subsidiary of a Japanese bank in the UK. The subsidiary has received an explicit guarantee from its head office

cross-border bank UK cross border bank Japan

10. A Canadian bank has extended a loan to the US corporate in the US. The loan is guaranteed by a bank in the US

cross-border non-financial corporation US cross border bank US

* Please note that the term “bank” only refers to either head offices of banks or their legally independent and incorporated subsidiaries, but not to branches of banks which are referred to separately.




A. Loans and deposits Immediate risk and outward risk

(where applicable) reporting Inward risk reporting

Type of claim


Sector Country

11. A Canadian bank has extended a loan in Canadian currency to US corporate in the US. The loan is guaranteed by a bank in Canada.

cross-border non-financial

corporation

US local in local currency

bank Canada

12. A Canadian bank has extended a loan in Canadian currency to a corporate residing in Canada. The loan is guaranteed by a bank in Hong Kong.

local in local currency

non-financial

corporation

Canada cross border bank Hong Kong

13. A Canadian bank has extended a loan in Canadian currency to a bank residing in Canada. The loan is guaranteed by corporate in Canada.

local in local currency

bank Canada local in local currency

non-financial

corporation

Canada

14. A branch of a Japanese bank in Canada has extended a loan to a corporate in the United Kingdom

cross-border non-financial

corporation

UK none none none

15. A Canadian bank has a sale and repurchase transaction (repo) involving the sale of a CAD-denominated security with a commitment to repurchase the same asset with a branch of a UK bank in Austria

cross-border bank Austria cross-border Bank UK

* Please note that the term “bank” only refers to either head offices of banks or their legally independent and incorporated subsidiaries, but not to branches of banks which are referred to separately. In addition, the term “none” is meant to be a short version for “no reporting required”.



B. Securities Immediate risk and outward risk

(where applicable) reporting Inward risk reporting

Type of claim


Sector Country

1. A Canadian bank has purchased securities issued by a Japanese bank against credit card claims on Japanese households

cross- border

bank Japan cross-border

households Japan

2. A Canadian bank has purchased a Canadian dollar securities issued by a branch of a Japanese bank in Canada

local in local

currency

bank Canada cross-border

bank Japan

3. A Korean bank in Canada has purchased UK government securities

cross- border

general government

UK none none none

* Please note that the term “bank” only refers to either head offices of banks or their legally independent and incorporated subsidiaries, but not to branches of banks which are referred to separately. In addition, the term “none” is meant to be a short version for “no reporting required”.




C. Derivatives Immediate risk Ultimate risk

Sector Country Sector Country

1. Canadian bank has bought credit derivatives issued by a UK bank in the United Kingdom which are recorded in the trading book of the Canadian bank

bank UK bank UK

2. A Canadian bank has bought interest rate derivatives issued by a branch of a Japanese bank in the United Kingdom

bank UK bank Japan

3. A Canadian bank has bought equity derivatives issued by another Canadian bank in Canada. The bank has provided UK government securities as collateral

bank Canada general government

UK

4. A Japanese bank in Canada has bought credit derivatives issued by a bank in Japan which are recorded in the trading book of the Japanese bank in Canada

bank Japan bank Japan

D. Guarantees and credit commitments Ultimate risk reporting Type Country

1. A Canadian bank has guaranteed a loan extended by a bank in Japan to the branch of a UK bank in Hong Kong guarantee UK

2. A Canadian bank has made a credit commitment to a corporate in the UK credit commitment

UK

3. A Canadian bank has made a credit commitment to a branch of a UK bank in Japan credit commitment

UK

4. A Canadian bank has sold a credit derivative on a German corporate to a branch of a Japanese bank in the UK guarantee Germany

5. A Korean bank in Canada has guaranteed a loan extended by a Japanese bank to a corporate in Korea guarantee Korea

6. A Japanese bank in Canada has guaranteed a loan extended by a UK bank to a corporate in France guarantee France

* Please note that the term “bank” only refers to either head offices of banks or their legally independent and incorporated subsidiaries, but not to branches of banks which are referred to separately.



DEFINITIONS OF FINANCIAL FLOW SECTORS Note that the conceptual framework of Financial Flow Sectors set out below speaks only to the Canadian situation. These sectors and a brief explanation of them are:

I. Provincial and/or Municipal Government

Include transactions with social insurance programs operated by governments (e.g., Workmen's Compensation Board), non-trusteed public service pension plans operated outside the governmental budgetary framework (e.g., Public Service Superannuation Fund (Ontario)) and public hospitals.

II. Public Financial and Non-Financial Institutions

These are defined as enterprises which are of a commercial nature and charge a price for their goods and services related to their costs of production. Typically, these institutions are engaged in manufacturing, lending, insurance, transportation, communication, the provision of electric power, and the distribution of liquor through provincial liquor boards. Institutions included in this category typically are characterized by the following: (a) the institution must have a statutory basis which directs it to produce a good or a service for sale on the

market at a price related cost,

(b) the institution maintains financial accounts separate from those of the government which established it and charges costs of production against revenue,

(c) management of the institution is relatively autonomous.

Not included are organizations which: (a) are wholly or primarily engaged in the business of effective intergovernmental flows of funds (e.g.,

Alberta Capital Finance Authority), or

(b) wholly or primarily engaged in the business of selling their output to the government which established them. Such organizations are included in their respective government sectors.

A. Public Financial Institutions

Include the Canada Deposit Insurance Corporation, Canada Mortgage and Housing Corporation, Export Development Canada, Farm Credit Canada, Business Development Bank of Canada and ATB Financial.

B. Public Non-Financial Enterprises

A list of organizations at the federal and provincial levels is provided in the manual. There is no corresponding list at the municipal level. The determination for using the municipal category is left at the discretion of the institution.



III. Non-Financial Private Corporations

Includes all corporations and unincorporated branches of foreign corporations operating in Canada, except financial institutions and government enterprises.

IV. Private Financial Institutions

(a) deposit-taking institutions - self-explanatory;

(b) other deposit-taking institutions - includes credit unions and caisses populaires, trust companies and mortgage loan companies;

(c) other private financial institutions - includes life insurance companies, fraternal benefit societies, fire

and casualty insurance companies, trusteed pension plans, investment dealers, mutual funds, closed-ends funds, mortgage investment trusts, sales finance and consumer loan companies, and other private financial institutions (such as holding companies, financial leasing companies, venture capital companies and other business finance companies).

V. Unincorporated Business Includes all businesses which are not incorporated under the law of Canada or a province and which are not unincorporated branches of foreign corporations (see III above).

GOVERNMENT BUSINESS ENTERPRISES

The complete list of Federal and Provincial Government Enterprises can now be found under a new section entitled Government Business Enterprises (GBE).



CHANGE CONTROL LOG Amendment

Number

Effective

Reporting Date

Page

Number

Description

1

January 1999

8

Change: Kampuchea (country code 664) to Cambodia

12, 18

Add: Instructions for the reporting of the EURO

12, 18, 20, 21

Change: Deutsche Marks changed to EURO

18

Change: Currency code 4 is now for the EURO

15

Add: Allocation of shares

18, 20

Change: Calendar year to be reported with 4 digits

2

January 2000

1

Add: Section 600 of the Bank Act (applies to Foreign Bank Branches) Change: Section 523 of the Bank Act is now Section 628 The Bank of Canada Review is now called: Bank of Canada Banking and

Financial Statistics "Where to submit" changed from OSFI to Bank of Canada

5-6

Change: Austria, Finland, Greece, Portugal, Spain and Sweden were moved from

"Other OECD Europe" to the "European Economic Community" group

6

Add: Faroe Islands, Greenland, Guernsey, Isle of Man, Jersey and San Marino to the

Non-OECD Europe group

7

Add: Palestinian Autonomy to the Middle East group

8

Change: "Burma" to Myanmar "Zaire" to Democratic Republic of Congo

16, 17

Add: Additional guidance for the reporting of columns 17, 171, 172 and 27. Applies

to Foreign Bank Branches only.

All

Change: Where appropriate, the word "bank" to institution




Number

Effective

Reporting Date

Page

Number

Description

3

January 2001

9

Change: Spanish Sahara (country code 788) to Western Sahara

10

Change: Canton and Enderbury Islands (country code 838) to Tuvalu Kiribati (formerly Gilbert Island) and Tuvalu (formerly Ellice Island) (country

code 846) to Kiribati (Canton and Enderbury, Gilbert Island, Phoenix Islands, Line Islands)

11

Change: Unallocated has been changed from (iv) to (v) Add: (iv) European Central Bank (code 923)

22

Add: European Central Bank opposite Germany.

4

January 2002

12, 18

Add: Greece as a member of the EMU

5

January 2003

7

Delete: Neutral Zone (country code 624) from Middle East

9

Add: Eritrea (country code 727) to Africa - Developing

6

January 2004

5

Change: European Economic Community to European Union

10

Add: Marshall Islands (country code 872) Micronesia (country code 874) Palau (country code 876)

11

Change: European Economic Community to European Union Add: Curency codes

12

Delete: Sentence “A separate return is required with respect…” from fifth paragraph (see Standards for Reporting on Printed Returns and Magnetic Tape) from

seventh paragraph

18,19 Delete: Instructions on Standards for Reporting on Printed Forms and Standards for

Reporting on Magnetic Tape Add: Instructions for Record layout for “TAPE” files

20

Add: San Marino and San Marinese Institut of Credit Change: Banque Centrale de la République de Turquie to Central Bank of the Republic

of Turkey Banque Nationale de Yougoslavie to National Bank of Yugoslavia




Number

Effective

Reporting Date

Page

Number

Description

23

Change: Banque du Liban to Central Bank of Lebanon Banque d'Algérie to Bank of Algeria Add : Congo, Democratic Republic and Central Bank of Congo Eritrea and National Bank of Eritrea

24

Change: Banque Centrale de Mauritanie to Central Bank of Mauritania Banque All Maghrib to Bank of Morocco Banque Centrale de Tunisie to Central Bank of Tunisia Banque Nationale du Cambodge to National Bank of Cambodia Add: French Polynesia, New Caledonia and Wallis and Futuna and Institut

d`Emission d‟Outre-Mer Delete: Zaire and Banque du Zaire

25

Add: Nauru, Republic of and Bank of Naura Tuvalu and National Bank of Tuvalu

7

January 2005

1, 10

Add: “Other Exposures” to claims and liabilities

2

Add: heading “Claims-Immediate Borrower Basis” to Part I of monthly return

3

Add: heading “Claims-Immediate Borrower Basis” to Part I of quarterly return columns 400, 401, 402, 403, 404, 411, 412, 413, 414, 420, 421, 422, 423 Delete: columns 14, 15, 16

4-9

Change: List of Country Codes re-ordered as per International convention

11-16

Add: General instructions for new columns added and changes made to the return Note: Extensive changes please see pages noted.

17-18

Add: Specific instructions for new columns added and changes made to the return Delete: “Record layout for Tape files” . It is now located in the Electronic Filing

section of the manual.

20-26 Change: List of Official Monetary Institutions re-ordered as per International

convention Add: List of International Financial Agencies List of UN Agencies

27-29

Add: Examples for reporting of individual transactions




Number

Effective

Reporting Date

Page

Number

Description

8

January 2006

1

Add: Section 24 of the Bank of Canada Act

3

Add: columns 517, 527

6, 7, 8

Change: Surinam to Suriname Ivory Coast to Côte d‟Ivoire Palestinian Autonomy to Palestinian Territory Korea, Democratic People‟s Republic of to Korea, Democratic People‟s

Republic of (north) Marshall Island to Marshall Islands Mongolian People‟s Republic to Mongolia

12

Delete: Footnote 2

12, 14, 18, 19

Add: Instructions for new columns and added instruction Note: please see pages noted.

28

Add: Add examples 11, 12 and 13

9

January 2007

5

Delete: Serbia and Montenegro Add: Serbia Montenegro

8

Delete: Sikkim

11

Delete: Footnote 1

15, 16 Change: Page references for credit derivatives

16

Add: Instructions for Guarantees and Other Unused Credit Commitments

17

Change: Book value to Balance sheet value

28

Add: Footnote 1 Change: Non-bank private to Bank

29

Change: Example 4, for D. Guarantees and credit commitments




Number

Effective

Reporting Date

Page

Number

Description

10

January 2008

4, 20

Change: Other countries to Other developed countries

5

Change: Hong Kong to Hong Kong SAR Macau to Macau SAR Add: Samoa (870) under Offshore Centres

8

Change: Kyrghyzstan to Kyrgyz Republic Delete: Samoa (870) under Asia and Pacific

11

Add: Slovenia (2007) to EMU members list

12, 17, 19, 20

Change: Official monetary institutions to Official monetary institutions and non-bank

holders of foreign exchange reserves

15 Change: On- or off-balance sheet items to recognized or unrecognized items On-balance sheet to recognized

20

Change: Central Bank of Ireland to Central Bank & Financial Services Authority of

Ireland Hong Kong to Hong Kong SAR Monetary and Foreign Exchange Authority of Macau to Monetary Authority of

Macau Add: Ministry of Finance under Bank of Japan Delete: Gibraltar, Financial Services Commission Guernsey, Guernsey Financial Services Commission Isle of Man, Isle of Man Financial Supervision Commission Jersey, Jersey Financial Services Commission

21

Add: Samoa, Central Bank of Samoa

22

Change: Abu Dhab to Abu Dhabi Reserve Bank of Central Bank to Reserve Bank of Fiji National State Bank of Kazakhstan to National Bank of the Republic of

Kazakhstan Kyrghyzstan, National Bank of Kyrghyzstan to Kyrgyz Republic, The National

Bank of the Kyrgyz Republic Add: State Administration of Foreign Exchange under The People‟s Bank of China




Number

Effective

Reporting Date

Page

Number

Description

23

Delete: Timor Leste, East-Timor Central Payments Office Western Samoa, Central Bank of Samoa Turks and Caicos Islands under Latin America and Caribbean Change: Serbia and Montenegro to Serbia

24

Change: Surinam, Centrale Bank van Surinam to Suriname, Centrale Bank van

Suriname Association of South East Asian Nations (ESEAN) to Association of South

East Asian Nations (ASEAN) Caribbean Community (CARICOM) to Caribbean Community and Common

Market (CARICOM) Delete: European Coal and Steel Community (ECSC), Brussels Add: African Union (AU), Addis Ababa (Ethiopia)

25

Delete: Organization of African Unity (OAU), Addis Ababa (Ethiopia) International Natural Rubber Organization (INRO), Kuala Lumpur International Tin Council (ITC), London Add: West African Economic Community (WAEC), Ouagadougou (Burkina Faso) Council of Europe Development Bank, Paris Change: Central American Bank for Economic to Central American Bank for Economic

Integrations (CABEI) International Wheat Council (IWC) to International Grains Council (IGC) International Red Cross (IRC) to International Committee of the Red Cross

(ICRC)

26 Add: World Tourism Organization (UN WTO), Madrid

11

January 2009

2, 3

Delete: The return template copy has been deleted from these instructions and has been

posted as a separate item on OSFI‟s website

2 Add: Cyprus (481), Malta (489) and Slovenia (555) under Developed Countries

3

Delete: Cyprus (481), Malta (489) and Slovenia (555) under Developing Countries

9

Add: Cyprus (2008), Malta (2008) and Slovak Republic (2009) to list of EMU

members.




Number

Effective

Reporting Date

Page

Number

Description

12

January 2010

2

Add: Slovak republic (552) under Developed countries

3

Delete: Slovak republic (552) under Developing countries

4

Add: St. Barthelemy (276) and St. Martin (279) under (ii) Latin America, Caribbean,

and Western Atlantic Islands

6 Add: Chinese Taipei (690) under (iv) Asia and Pacific Delete: Taiwan (690) under (iv) Asia and Pacific

10, 15, 17, 18

Change: Non-bank holders to Other holders

18

Delete: Euro Area – European Central Bank under Europe Change: Bahrain Monetary Agency to Central Bank of Bahrain under Offshore centers

19

Change: Central Bank of the Republic of Liberia to National Bank of Liberia

20

Add: Chinese Taipei – The Central Bank of China under Asia and Pacific Change: State Bank of Lao PDR to Bank of Lao PDR under Asia and Pacific

21

Delete: Taiwan – Central Bank of China (Taiwan) under Asia and Pacific Change (under Asia and Pacific): State Bank of Turkmenistan to State Central Bank of Turkmenistan National Bank of Uzbekistan to Central Bank of the Republic of Uzbekistan Change (under Europe): National Bank of Hungary to Central Bank of Hungary under Europe

23

Change (under Regional aid banks and funds): Adibjan to Abidjan; Manama to Kuwait; Teheran to Tehran West African Clearing House (WACH) – Lagos (Nigeria) to West African

Economic and Monetary Union (WAEMU) – Ouagadougou (Burkina Faso) West African Monetary Union (WAMU) – Senegal to West African Monetary

Agency – Freetown (Sierra Leone) Change (under Commodity Organizations): International Jute Organization (IJO) to International Jute Study Group (IJSG) London to Lisbon Cairo to Safat (Kuwait) Change (under Other): (INMARTSAT) to (INMARSAT)

24

Change: International Telecommunications (ITU) to International Telecommunication

Union (ITU) under Specialized Agencies of the UN




Number

Effective

Reporting Date

Page

Number

Description

13

March 2011

2

Add: Estonia (529) under Developed countries

3

Add: Curacao (266) under Offshore centres Sint Maarten (Dutch) (268) under Offshore centres Bonaire, St. Eustatius and Saba (270) under Latin America, Caribbean, and

Western Atlantic Islands Delete: Netherland Antilles (263) under Offshore centres Estonia (529) under Developing countries

4

Add: (French) beside St. Martin

9

Add: Estonia (2011) to list of EMU members

18

Add: Curacao – Central Bank of Curacao and Sint Maarten under Offshore centres

19

Delete: Netherlands Antilles – Bank van de Nederlandse Antillen under Offshore

centres

14

March 2012

5

Add: South Sudan (791) under Developing Africa and Middle East

18

Add: European Central Bank to Central Bank list under Developed Europe

20

Add: The Bank of South Sudan to Central Bank list under Developing Africa and

Middle East

22 Add: European Union to International Institutions list under EU organizations European Financial Stability Facility, from 2013 European Stability

Mechanism (ESM) to International Institutions list under EU organizations

10, 15, 17, 18

Change: Where appropriate the word “official monetary institution(s)” to “central

bank(s)” and the word “monetary authority(ies)” to “central bank(s)”

15

June 2014

Significant changes have been made to these instructions. All readers are encouraged to completely review the new edition.

16

October 2016

2

Add: Lithuania (541) under Developed countries

3

Delete: Lithuania (541) under Developing countries

8

Change/Add: Instructions under General Instructions

10

Delete: All health organizations not included in general government sector under Non-

financial corporations

11 Change: Groups 81 to 83 changes to Groups 81 to 84 under General government




Number

Effective

Reporting Date

Page

Number

Description

12

Delete: Group 919 under NAICS Non-financial corporations Change: Groups 911 to 914 changes to Group 91 under General government

21-24

Add: Country group column

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