Form Ffiec 009 - Country Exposure Report Page 31
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36FFIEC 009
If parties to a multibranch agreement specify that trans-
Report local country liabilities in column 7. Local coun-
actions with branches in certain jurisdictions are subject
try liabilities are the liabilities of the respondent’s for-
to transfer risk, any exposure in that jurisdiction is
eign office that represent legal obligations of the foreign
reported in memorandum column 5 in order to reflect the
office and for which no payment is guaranteed at loca-
transfer risk in that location.
tions outside of the country of that office. Local country
liabilities may be to residents or non-residents and pay-
• Refer to example 3.
able in local or non-local currencies.
Columns 6 and 7
Separate reporting of local country claims and local
country liabilities in schedule 2 facilitates the estimation
(OPTIONAL: to be reported only by banks that choose
of total country exposure. If the reporting institution
to identify local country claims and local country liabili-
chooses to report to columns 6 and 7, it must report all
ties. This choice may be made for any reporting period,
cross-border claims in column 4, local country claims in
but must be applied consistently to all contracts covered
column 6, and local country liabilities in column 7.
by this report.)
Under this option, column 4 would therefore not include
Report in column 6, on each country line, claims of a
amounts reported in column 6.
foreign office of the reporting institution that are claims
• Refer to examples 1, 7, 8 and 9.
on residents of the country in which the office is located.
Such claims may be denominated in either local or
non-local currency. Entries would be made in column 6
Examples
for a particular country line only if the reporting bank
has a branch or subsidiary in that country.
I. US bank, the reporting institution, enters into various
derivative contracts with a Japanese bank. The bal-
Do not report in column 6 foreign office claims on local
ances with the various offices of the Japanese bank on
residents that are:
the books of US bank’s various locations as of the
• guaranteed by residents of other countries;
reporting date are shown below:
• claims on local branches of U.S. or foreign banks;
• claims on a local office covered by a multijurisdiction
master agreement.
Instructions for Preparation of Reporting Form FFIEC 009
009-16
December 1997
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