Form Ffiec 009 - Country Exposure Report Page 30
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36FFIEC 009
Instructions for Specific Columns of
The guaranteed or collateralized portion of a revaluation
gain is reported in the domicile country of the guarantor
Schedule 2
or in the country where the collateral is held, except
when securities are held as collateral, in which case the
Columns 1 to 4
exposure is reported in the domicile country of the issuer
of the securities. (Unlike Schedule 1, Schedule 2 does
Report revaluation gains or net positive residual amounts
not call for the reporting of gross exposures or of U.S.
in column 4 and in columns 1, 2, or 3, as appropriate. If
exposures arising from guarantors domiciled in the
respondent chooses to report separately local country
United States or from collateral held in the United
claims in columns 6 and local country liabilities in
States.)
column 7, report only cross-border claims in columns
• Refer to example 5.
1–4 (refer to instructions for columns 6 and 7). If respon-
dent chooses to report separately local country claims
When a contract is entered into with a branch of a
in column 6, report only cross-border claims in col-
commercial bank, the exposure is reported in the country
umns 1–4 (refer to instructions for columns 6 and 7).
of the head office because claims on a bank’s branches
Do not report cross-border claims that are funded by a
are, as a rule, assumed to benefit from an implicit credit
third party if the funds provider expressly agrees to
guarantee of the head office. Claims on U.S. branches of
assume the sovereign risk as verified by appropriate
foreign banks are reported in the country of the head
documentation.
office. Refer also to instructions for memorandum col-
umn 5.
If contracts are not covered by a master agreement, they
must be reported gross.
• Refer to example 1.
• Refer to example 1.
Memorandum Column 5
Reporting institutions are asked to identify in memoran-
When the reporting institution enters into a multibranch
dum column 5 claims on a bank’s branch according to
or multijurisdiction master agreement, the net residual
the domicile country of the branch, unless the claim is
amount will be reported only in column 4 (and columns
formally and legally guaranteed by the head office. Con-
1, 2, and 3, as appropriate), but refer to the instructions
tracts covered by master agreements are deemed to carry
for memorandum column 5 for the special case of juris-
the legal guarantee of the head office, even in those
dictions for which the parties to the agreement do not
jurisdictions where netting may not be enforceable, and
assume transfer risk. (The term multijurisdiction or
so, are not reported in column 5. Amounts reported in
multibranch agreement refers to a master netting agree-
column 5 are also reported in column 4 in the countries
ment that covers the head office and other offices of the
of the banks’ head offices, except when the head office is
reporting institution.) When the reporting institution
in the United States.
enters into a single netting agreement, the net residual
amount qualifies to be reported in columns 1–4, but may
For example, an unguaranteed claim on a branch of a
also qualify for reporting in columns 6 and 7 (see below)
foreign bank would be reported in column 4 in the
if the reporting institution chooses that option. (The term
country of the head office and in column 5 in the country
single netting agreement refers to a master agreement
of the branch. A claim on a foreign branch of a U.S.
entered into by a single office of the reporting institution
bank, however, would be reported only in column 5.
with another party.)
Example: The German office of the reporting institution
has a revaluation gain of $100 on a contract with the
• Refer to examples 2, 3 and 4.
local branch of a U.S. bank.
If the master netting agreement covers an office in a
jurisdiction where netting would not be enforceable,
col 4
col 5
contracts with that office should be treated as though
Germany ..........................
—
100
they were not subject to the netting agreement and
United States .....................
na
na
reported gross.
• Refer to example 2.
• Refer also to examples 1, 2 and 6.
Instructions for Preparation of Reporting Form FFIEC 009
009-15
December 1997
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