Instructions For Schedule Rc-L (Form Ffiec 031 And 041) - Derivatives And Pff-Balance Sheet Items Page 11
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18FFIEC 031 and 041
RC-L – DERIVATIVES AND OFF-BALANCE SHEET
Item No.
Caption and Instructions
Column C, Equity Derivative Contracts: Equity derivative contracts are contracts that have a
12
(cont.)
return, or a portion of their return, linked to the price of a particular equity or to an index of
equity prices, such as the Standard and Poor's 500.
The contract amount to be reported for equity derivative contracts is the quantity, e.g., number
of units, of the equity instrument or equity index contracted for purchase or sale multiplied by
the contract price of a unit.
Column D, Commodity and Other Contracts: Commodity contracts are contracts that have a
return, or a portion of their return, linked to the price of or to an index of precious metals,
petroleum, lumber, agricultural products, etc. Commodity and other contracts also include
any other contracts that are not reportable as interest rate, foreign exchange, or equity
derivative contracts.
The contract amount to be reported for commodity and other contracts is the quantity,
e.g., number of units, of the commodity or product contracted for purchase or sale multiplied
by the contract price of a unit.
The notional amount to be reported for commodity contracts with multiple exchanges of
principal is the contractual amount multiplied by the number of remaining payments
(i.e., exchanges of principal) in the contract.
Futures contracts . Futures contracts represent agreements for delayed delivery of financial
12.a
instruments or commodities in which the buyer agrees to purchase and the seller agrees to
deliver, at a specified future date, a specified instrument at a specified price or yield. Futures
contracts are standardized and are traded on organized exchanges that act as the
counterparty to each contract.
Report, in the appropriate column, the aggregate par value of futures contracts that have
been entered into by the reporting bank and are outstanding (i.e., open contracts) as of the
report date. Do not report the par value of financial instruments intended to be delivered
under such contracts if this par value differs from the par value of the contracts themselves.
Contracts are outstanding (i.e., open) until they have been cancelled by acquisition or delivery
of the underlying financial instruments or by offset. Offset is the liquidating of a purchase of
futures through the sale of an equal number of contracts of the same delivery month on the
same underlying instrument on the same exchange, or the covering of a short sale of futures
through the purchase of an equal number of contracts of the same delivery month on the
same underlying instrument on the same exchange.
Column A, Interest Rate Futures: Report futures contracts committing the reporting bank to
purchase or sell financial instruments and whose predominant risk characteristic is interest
rate risk. Some of the more common interest rate futures include futures on 90-day U.S.
Treasury bills; 12-year GNMA pass-through securities; and 2-, 4-, 6-, and 10-year U.S.
Treasury notes.
Column B, Foreign Exchange Futures: Report the gross amount (stated in U.S. dollars) of all
futures contracts committing the reporting bank to purchase foreign (non-U.S.) currencies and
U.S. dollar exchange and whose predominant risk characteristic is foreign exchange risk.
FFIEC 031 and 041
RC-L-11
RC-L – DERIVATIVES AND OFF-BALANCE SHEET
(3-02)
ADVERTISEMENT
0 votes
Related Articles
Related forms
Instructions For Schedule Rc (form 41a720rc(i)) - Application For Income Tax/llet Credit For Recycling And/or Composting Equipment Or Major Recycling Project
Financial
Instructions For Schedule Rc - Application For Income Tax/llet Credit For Recycling And/or Composting Equipment Or Major Recycling Project
Financial
Instructions For Schedule Rc Application For Income Tax/llet Credit For Recycling And/or Composting Equipment Or Major Recycling Project
Financial
Instructions For Schedule In-112 - Vermont Tax Adjustments And Credits, Schedule In-113 - Income Adjustment
Financial
Instructions For Schedule Fit-166 - Vt Income Adjustments And Tax Computations For Fiduciaries
Financial
Instructions For Schedule P (541) - Alternative Minimum Tax And Credit Limitations - Fiduciaries - 1999
Financial
Related Categories
Parent category: Legal