Form Ffiec 009 - Country Exposure Report - Board Of Governors Of The Federal Reserve System Page 32
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39FFIEC 009
Column 20: Memorandum: Assets Held for Trading
Instructions for Specific Columns of
Schedule 2
Report in this memorandum column, by country, the fair
value of the respondent’s outstanding claims reported in
column 4 after adjustments in column 8–13 that satisfy
Columns 1 to 4
the coverage and definition of claims given in Part III,
Report revaluation gains or net positive residual amounts
definition J.
in column 4 and in columns 1, 2, or 3, as appropriate. If
respondent chooses to report separately local country
Column 21: Memorandum: Trade Financing
claims in columns 6 and local country liabilities in
column 7, report only cross-border claims in columns
Report in this memorandum column, by country, the
1–4 (refer to instructions for columns 6 and 7). If respon-
claims and commitments reported in columns 1–4 and 15
dent chooses to report separately local country claims
that satisfy the coverage and definition of claims given in
in column 6, report only cross-border claims in col-
Part III, definition F.
umns 1–4 (refer to instructions for columns 6 and 7).
Do not report cross-border claims that are funded by a
SCHEDULE 2
third party if the funds provider expressly agrees to
assume the sovereign risk as verified by appropriate
Report by country outstanding claims on foreigners that
documentation.
represent the revaluation gains from marking to market
interest rate, foreign exchange, and other off-balance
If contracts are not covered by a master agreement, they
sheet commodity and equity contracts held for trading
must be reported gross.
purposes. Revaluation gains can be offset against revalu-
• Refer to example 1.
ation losses if the transactions were executed with the
same counterparty under a legally enforceable master
When the reporting institution enters into a multibranch
netting agreement. When contracts are covered by mas-
or multijurisdiction master agreement, the net residual
ter netting agreements, the net residual amount, if posi-
amount will be reported only in column 4 (and columns
tive, is reported in the domicile country of the counter-
1, 2, and 3, as appropriate), but refer to the instructions
party. No entries on Schedule 2, however, are appropriate
for memorandum column 5 for the special case of juris-
for the United States and the country line for the United
dictions for which the parties to the agreement do not
States is blocked out on the schedule.
assume transfer risk. (The term multijurisdiction or
For purposes of this report, netting is accomplished
multibranch agreement refers to a master netting agree-
according to the procedures and requirements, including
ment that covers the head office and other offices of the
those covering the use of collateral and the treatment of
reporting institution.) When the reporting institution
transactions involving jurisdictions in which netting may
enters into a single netting agreement, the net residual
not be enforceable, set forth in the following cites for the
amount qualifies to be reported in columns 1–4, but may
risk-based capital rules:
also qualify for reporting in columns 6 and 7 (see below)
if the reporting institution chooses that option. (The term
national banks:
12 CFR Part 3, Appendix A
single netting agreement refers to a master agreement
state member banks: 12 CFR Part 208, Appendix A
entered into by a single office of the reporting institution
bank holding
with another party.)
companies:
12 CFR Part 225, Appendix A
insured commercial
• Refer to examples 2, 3 and 4.
banks:
12 CFR Part 325, Appendix A
If the master netting agreement covers an office in a
The netting criteria for a valid right of setoff contained in
jurisdiction where netting would not be enforceable,
FASB Interpretation No. 39, which is also indicated for
contracts with that office should be treated as though
reporting revaluation gains and losses on a net basis in
they were not subject to the netting agreement and
the Call Report, may be followed in this report if this
reported gross.
results in no material differences from the results
obtained from following the risk-based capital rules.
• Refer to example 2.
Instructions for Preparation of Reporting Form FFIEC 009
009-16
June 2000
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