Form Ffiec 009 - Country Exposure Report Page 35
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36FFIEC 009
covered by a master agreement do not have to be
Memo
reported in memorandum column 5.
col 4
col 5
col 6
col 7
• The net gains with the Hong Kong and UK corporate
Hong Kong ..........
79
60
15
126
customers do not qualify to be reported as local coun-
UK ....................
60
79
190
111
try claims in column 6, because under the multibranch
Argentina ............
0
0
0
0
master agreement these claims are properly regarded
Venezuela ............
10
0
0
0
as those of US bank’s head office.
Singapore ............
45
0
0
0
• Report in column 4 cross border exposures: in Hong
Example 9: Assumes respondent does not have a multi-
Kong, 79 to the London branch of Hong Kong Bank,
branch agreement but its Hong Kong branch has single
domiciled in Hong Kong; in the United Kingdom,
netting agreements with the Hong Kong and Singapore
60 to the Hong Kong branch of UK Bank, domiciled in
corporate customers. Netting is not enforceable in
the United Kingdom; in Argentina, 0 (the exposure to
Argentina and Venezuela and respondent chooses to
Argentine corporate customer is formally guaranteed
report in columns 6 and 7.
by its U.S. parent); in Venezuela, 10; and in Singapore,
45.
Memo
• Report in column 5 claims on branches of UK bank
col 4
col 5
col 6
col 7
(60) and Hong Kong bank (79) in the countries of
Hong Kong ..........
79
60
4
70
these particular branches.
Singapore ............
0
0
0
0
United Kingdom ...
60
79
190
111
• Report in columns 6 and 7 local country assets of 15 in
Argentina ............
57
0
0
0
Hong Kong and 190 in the United Kingdom and, if
Venezuela ............
10
0
0
0
appropriately documented, local country liabilities to
both residents and nonresidents of 126 in Hong Kong
• Report in column 4 gross cross-border exposures of 79
and 111 in the United Kingdom.
in Hong Kong, 60 in the United Kingdom, 57 in
Argentina, and 10 in Venezuela.
Example 8: Assumes the respondent has a multibranch
• Report in memorandum column 5 the exposure of
master agreements with all counterparties, but netting is
60 in Hong Kong to the Hong Kong branch of UK
not enforceable in Argentina and Venezuela. Respondent
bank and the exposure of 79 in the United Kingdom to
elects to report in columns 6 and 7.
the London branch of Hong Kong bank. These expo-
sures are also reported in column 4 in the countries of
Memo
the head offices.
col 4
col 5
col 6
col 7
• Report in column 6 as a local country asset the net
Hong Kong ..........
42
0
0
0
claim of 4 of US bank’s Hong Kong branch on the
Singapore ............
0
0
0
0
United Kingdom ...
140
0
0
0
Hong Kong corporate customer, since transactions
Argentina ............
57
0
0
0
between these parties are covered by a single netting
Venezuela ............
10
0
0
0
agreement which does not involve US bank’s head
office in New York. The claim of US bank’s London
branch on the UK corporate of 190 also qualifies to be
• In column 4 report net gains of 42 in Hong Kong and
reported in column 6 as a local country asset.
140 in the United Kingdom and gross gains in Argen-
tina (57) and Venezuela (10), since netting is assumed
• Report in column 7 as local country liabilities in Hong
not to be enforceable in Argentina and Venezuela.
Kong, provided they are payable locally, the net loss of
30 of US bank’s Hong Kong branch with the Singapore
• The net claims on the Hong Kong branch of UK bank
corporate and the loss of 40 of US bank’s Hong Kong
and London branch of Hong Kong bank are reported in
the countries of their head offices and since these are
branch with the Hong Kong branch of UK bank.
Instructions for Preparation of Reporting Form FFIEC 009
009-20
December 1997
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Legal