Special Data Dissemination Standards

(In USD Million)
I. Official reserve assets and other foreign currency assets (approximate market value) November 2016
II. Predetermined short-term net drains on foreign currency assets (nominal value)
III. Contingent short-term net drains on foreign currency assets (nominal value)
IV. Memo items

Reporting Form for Presenting Data in the Template on International Reserves/Foreign Currency Liquidity
(Information to be disclosed by the monetary authorities and other central government, excluding social security)1 2 3

I. Official reserve assets and other foreign currency assets (approximate market value)4 November 2016

A. Official reserve assets 361,121.04
(1) Foreign currency reserves (in convertible foreign currencies) 337,381.59
(a) Securities 218,518.83
of which: issuer headquartered in reporting country but located abroad 0.00
(b) total currency and deposits with: 118,862.76
(i) other national central banks, BIS and IMF 93,604.40
(ii) banks headquartered in the reporting country 5,400.00
of which: located abroad 5,400.00
(iii) banks headquartered outside the reporting country 19,858.36
of which: located in the reporting country 0.00
(2) IMF reserve position 2,314.24
(3) SDRs 1,442.29
(4) gold (including gold deposits and, if appropriate, gold swapped)5 19,982.92
volume in millions of fine troy ounces 17.9mn
(5) other reserve assets (specify)  
financial derivatives  
loans to nonbank nonresidents  
other  
B. Other foreign currency assets (specify) 2,598.02
securities not included in official reserve assets 2,100.00
deposits not included in official reserve assets 498.02
loans not included in official reserve assets 0.00
financial derivatives not included in official reserve assets 0.00
gold not included in official reserve assets 0.00
other 0.00

II. Predetermined short-term net drains on foreign currency assets (nominal value)

1. Foreign currency loans, securities, and deposits6  
Total -4877
Up to 1 month -698
More than 1 and up to 3 months -694
More than 3 months and up to 1 year -3485
outflows (-)  
Principal  
Total -4240
Up to 1 month -632
More than 1 and up to 3 months -621
More than 3 months and up to 1 year -2987
Interest  
Total -637
Up to 1 month -66
More than 1 and up to 3 months -73
More than 3 months and up to 1 year -498
inflows (+)  
Principal  
Total  
Up to 1 month  
More than 1 and up to 3 months  
More than 3 months and up to 1 year  
Interest  
Total  
Up to 1 month  
More than 1 and up to 3 months  
More than 3 months and up to 1 year  
2. Aggregate short and long positions in forwards and futures in foreign currencies vis-à-vis the domestic currency (including the forward leg of currency swaps)7  
(a) Short positions ( - )  
Total -12133
Up to 1 month -2193
More than 1 and up to 3 months -1811
More than 3 months and up to 1 year -8129
(b) Long positions (+)  
Total 17211
Up to 1 month 3294
More than 1 and up to 3 months 2250
More than 3 months and up to 1 year 11667
3. Other (specify)  
Total  
Up to 1 month  
More than 1 and up to 3 months  
More than 3 months and up to 1 year  
outflows related to repos (-)  
Total  
Up to 1 month  
More than 1 and up to 3 months  
More than 3 months and up to 1 year  
inflows related to reverse repos (+)  
Total  
Up to 1 month  
More than 1 and up to 3 months  
More than 3 months and up to 1 year  
trade credit (-)  
Total  
Up to 1 month  
More than 1 and up to 3 months  
More than 3 months and up to 1 year  
trade credit (+)  
Total  
Up to 1 month  
More than 1 and up to 3 months  
More than 3 months and up to 1 year  
other accounts payable (-)  
Total  
Up to 1 month  
More than 1 and up to 3 months  
More than 3 months and up to 1 year  
other accounts receivable (+)  
Total  
Up to 1 month  
More than 1 and up to 3 months  
More than 3 months and up to 1 year  

III. Contingent short-term net drains on foreign currency assets (nominal value)

1. Contingent liabilities in foreign currency  
Total 770
Up to 1 month 160
More than 1 and up to 3 months 94
More than 3 months and up to 1 year 516
(a) Collateral guarantees on debt falling due within 1 year  
Total 770
Up to 1 month 160
More than 1 and up to 3 months 94
More than 3 months and up to 1 year 516
(b) Other contingent liabilities  
Total 0
Up to 1 month 0
More than 1 and up to 3 months 0
More than 3 months and up to 1 year 0
2. Foreign currency securities issued with embedded options (puttable bonds)8  
Total  
3. Undrawn, unconditional credit lines9 provided by:  
Total  
Up to 1 month  
More than 1 and up to 3 months  
More than 3 months and up to 1 year  
(a) other national monetary authorities, BIS, IMF, and other international organizations  
Total  
Up to 1 month  
More than 1 and up to 3 months  
More than 3 months and up to 1 year  
other national monetary authorities (+)  
Total  
Up to 1 month  
More than 1 and up to 3 months  
More than 3 months and up to 1 year  
BIS (+)  
Total  
Up to 1 month  
More than 1 and up to 3 months  
More than 3 months and up to 1 year  
IMF (+)  
Total  
Up to 1 month  
More than 1 and up to 3 months  
More than 3 months and up to 1 year  
Other International Organizations (+)  
Total  
Up to 1 month  
More than 1 and up to 3 months  
More than 3 months and up to 1 year  
(b) with banks and other financial institutions headquartered in the reporting country (+)  
Total  
Up to 1 month  
More than 1 and up to 3 months  
More than 3 months and up to 1 year  
(c) with banks and other financial institutions headquartered outside the reporting country (+)  
Total  
Up to 1 month  
More than 1 and up to 3 months  
More than 3 months and up to 1 year  
4. Undrawn, unconditional credit lines provided to:  
Total  
Up to 1 month  
More than 1 and up to 3 months  
More than 3 months and up to 1 year  
(a) other national monetary authorities, BIS, IMF, and other international organizations  
Total  
Up to 1 month  
More than 1 and up to 3 months  
More than 3 months and up to 1 year  
other national monetary authorities (-)  
Total  
Up to 1 month  
More than 1 and up to 3 months  
More than 3 months and up to 1 year  
BIS (-)  
Total  
Up to 1 month  
More than 1 and up to 3 months  
More than 3 months and up to 1 year  
IMF (-)  
Total  
Up to 1 month  
More than 1 and up to 3 months  
More than 3 months and up to 1 year  
Other International Organizations (-)  
Total  
Up to 1 month  
More than 1 and up to 3 months  
More than 3 months and up to 1 year  
(b) banks and other financial institutions headquartered in reporting country (- )  
Total  
Up to 1 month  
More than 1 and up to 3 months  
More than 3 months and up to 1 year  
(c) banks and other financial institutions headquartered outside the reporting country ( - )  
Total  
Up to 1 month  
More than 1 and up to 3 months  
More than 3 months and up to 1 year  
5. Aggregate short and long positions of options in foreign currencies vis-à-vis the domestic currency10  
(a) Short positions  
Total  
Up to 1 month  
More than 1 and up to 3 months  
More than 3 months and up to 1 year  
(i) Bought puts  
Total  
Up to 1 month  
More than 1 and up to 3 months  
More than 3 months and up to 1 year  
(ii) Written calls  
Total  
Up to 1 month  
More than 1 and up to 3 months  
More than 3 months and up to 1 year  
(b) Long positions  
Total  
Up to 1 month  
More than 1 and up to 3 months  
More than 3 months and up to 1 year  
(i) Bought calls  
Total  
Up to 1 month  
More than 1 and up to 3 months  
More than 3 months and up to 1 year  
(ii) Written puts  
Total  
Up to 1 month  
More than 1 and up to 3 months  
More than 3 months and up to 1 year  
PRO MEMORIA: In-the-money options11  
(1) At current exchange rate  
(a) Short position  
Total  
Up to 1 month  
More than 1 and up to 3 months  
More than 3 months and up to 1 year  
(b) Long position  
Total  
Up to 1 month  
More than 1 and up to 3 months  
More than 3 months and up to 1 year  
(2) + 5 % (depreciation of 5%)  
(a) Short position  
Total  
Up to 1 month  
More than 1 and up to 3 months  
More than 3 months and up to 1 year  
(b) Long position  
Total  
Up to 1 month  
More than 1 and up to 3 months  
More than 3 months and up to 1 year  
(3) - 5 % (appreciation of 5%)  
(a) Short position  
Total  
Up to 1 month  
More than 1 and up to 3 months  
More than 3 months and up to 1 year  
(b) Long position  
Total  
Up to 1 month  
More than 1 and up to 3 months  
More than 3 months and up to 1 year  
(4) +10 % (depreciation of 10%)  
(a) Short position  
Total  
Up to 1 month  
More than 1 and up to 3 months  
More than 3 months and up to 1 year  
(b) Long position  
Total  
Up to 1 month  
More than 1 and up to 3 months  
More than 3 months and up to 1 year  
(5) - 10 % (appreciation of 10%)  
(a) Short position  
Total  
Up to 1 month  
More than 1 and up to 3 months  
More than 3 months and up to 1 year  
(b) Long position  
Total  
Up to 1 month  
More than 1 and up to 3 months  
More than 3 months and up to 1 year  
(6) Other (specify)  
(a) Short position  
Total  
Up to 1 month  
More than 1 and up to 3 months  
More than 3 months and up to 1 year  
(b) Long position  
Total  
Up to 1 month  
More than 1 and up to 3 months  
More than 3 months and up to 1 year  

IV. Memo items

(1) To be reported with standard periodicity and timeliness:12
(a) short-term domestic currency debt indexed to the exchange rate  
(b) financial instruments denominated in foreign currency and settled by other means (e.g., in domestic currency)13  
nondeliverable forwards -1020
   short positions -1020
   long positions 0
other instruments 0
(c) pledged assets14  
included in reserve assets  
included in other foreign currency assets  
(d) securities lent and on repo15  
lent or repoed and included in Section I  
lent or repoed but not included in Section I  
borrowed or acquired and included in Section I  
borrowed or acquired but not included in Section I  
(e) financial derivative assets (net, marked to market)16  
forwards  
futures  
swaps  
options  
other  
(f) derivatives (forward, futures, or options contracts) that have a residual maturity greater than one year, which are subject to margin calls. -2134
Aggregate short and long positions in forwards and futures in foreign currencies vis-à-vis the domestic currency (including the forward leg of currency swaps)  
(a) short positions ( – ) -2134
(b) long positions (+) 0
Aggregate short and long positions of options in foreign currencies  vis-à-vis the domestic currency  
(a) short positions 0
(i) bought puts 0
(ii) written calls 0
(b) long positions 0
(i) bought calls 0
(ii) written puts 0
(2) To be disclosed less frequently:  
(a) currency composition of reserves (by groups of currencies)  
currencies in SDR basket  
Currency Composition of Reserves, Denominated in US Dollars  
Currency Composition of Reserves, Denominated in Euros  
Currency Composition of Reserves, Denominated in Chinese Yuan  
Currency Composition of Reserves, Denominated in Japanese Yen  
Currency Composition of Reserves, Denominated in UK Pound Sterling  
currencies not in SDR basket  

Footnotes:

1.  In principle, only instruments denominated and settled in foreign currency (or those whose valuation is directly dependent on the exchange rate and that are settled in foreign currency) are to be included in Sections I, II, and III of the template. Financial instruments denominated in foreign currency and settled in other ways (for example, in domestic currency or commodities) are included as memo items under Section IV.

2.  Netting of positions is allowed only if they have the same maturity, are against the same counterparty, and a master netting agreement is in place. Positions on organized exchanges could also be netted.

3.  See definition of monetary authorities in paragraph 21 of the Guidelines.

4.  In cases of large positions vis-à-vis institutions headquartered in the reporting country, in instruments other than deposits or securities, they should be reported as separate items.

5.  The valuation basis for gold assets should be disclosed; ideally this would be done by showing the volume and price.

6.  Including interest payments due within the corresponding time horizons. Foreign currency deposits held by nonresidents with central banks should also be included here. Securities referred to are those issued by the monetary authorities and the central government (excluding social security).

7.  In the event that there are forward or futures positions with a residual maturity greater than one year,  these should be reported separately under Section IV.

8.  Only bonds with a residual maturity greater than one year should be reported under this item, as those with shorter maturities will already be included in Section II, above.

9.  Reporters should distinguish potential inflows and potential outflows resulting from contingent lines of credit and report them separately in the specified format.

10.  In the event that there are options positions with a residual maturity greater than one year, these should be reported separately under Section IV.

11.  These “stress-tests” are an encouraged, rather than a prescribed, category of information in the IMF’s Special Data Dissemination Standard (SDDS). Results of the stress-tests could be disclosed in the form of a graph. As a rule, notional value should be reported. However, in the case of cash-settled options, the estimated future inflow/outflow should be disclosed. Positions are “in the money” or would be, under the assumed values.

12.  Distinguish between assets and liabilities, where applicable.

13.  Identify types of instrument; the valuation principles should be the same as in Sections I–III. The nominal/notional value of derivatives should be shown in the same format as for the nominal/notional values of forwards/futures in Section II and of options in Section III.

14.  Only assets included in Section I that are pledged should be reported here.

15.  Assets that are lent or repoed should be reported here, whether or not they have been included in Section I of the template, along with any associated liabilities (in Section II). However, these should be reported in two separate categories, depending on whether or not they have been included in Section I. Similarly, securities that are borrowed or acquired under repo agreements should be reported as a separate item and treated symmetrically. Market values should be reported and the accounting treatment disclosed.

16.  Identify types of instrument. The main characteristics of internal models used to calculate the market value should be disclosed.

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