Instructions For Schedule Rc-L (Form Ffiec 031 And 041) - Derivatives And Pff-Balance Sheet Items Page 13
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18FFIEC 031 and 041
RC-L – DERIVATIVES AND OFF-BALANCE SHEET
Item No.
Caption and Instructions
A forward foreign exchange contract is an agreement for delayed delivery of a foreign
12.b
(cont.)
(non-U.S.) currency or U.S. dollar exchange in which the buyer agrees to purchase and the
seller agrees to deliver, at a specified future date, a specified amount at a specified
exchange rate.
Column C, Equity Derivative Forwards: Report forward contracts committing the reporting
bank to purchase or sell equity instruments.
Column D, Commodity and Other Forwards: Report the contract amount for all forward
contracts committing the reporting bank to purchase or sell commodities such as agricultural
products (e.g., wheat, coffee), precious metals (e.g., gold, platinum), and non-ferrous metals
(e.g., copper, zinc). Include any other forward contract that is not reportable as an interest
rate, foreign exchange, or equity derivative contract in column A, B, or C.
Exchange-traded option contracts . Option contracts convey either the right or the
12.c
obligation, depending upon whether the reporting bank is the purchaser or the writer,
respectively, to buy or sell a financial instrument or commodity at a specified price by a
specified future date. Some options are traded on organized exchanges.
The buyer of an option contract has, for compensation (such as a fee or premium), acquired
the right (or option) to sell to, or purchase from, another party some financial instrument or
commodity at a stated price on a specified future date. The seller of the contract has, for
such compensation, become obligated to purchase or sell the financial instrument or
commodity at the option of the buyer of the contract. A put option contract obligates the seller
of the contract to purchase some financial instrument or commodity at the option of the buyer
of the contract. A call option contract obligates the seller of the contract to sell some financial
instrument or commodity at the option of the buyer of the contract.
Written options . Report in this item the aggregate par value of the financial instruments or
12.c.(1)
commodities that the reporting bank has, for compensation (such as a fee or premium),
obligated itself to either purchase or sell under exchange-traded option contracts that are
outstanding as of the report date.
Column A, Written Exchange-Traded Interest Rate Options: For exchange-traded option
contracts obligating the reporting bank to either purchase or sell an interest rate futures
contract and whose predominant risk characteristic is interest rate risk, report the par value of
the financial instrument underlying the futures contract. An example of such a contract is a
Chicago Board Options Exchange option on the 13-week Treasury bill rate.
Column B, Written Exchange-Traded Foreign Exchange Options: Report in this item the
gross amount (stated in U.S. dollars) of foreign (non-U.S.) currency and U.S. dollar exchange
that the reporting bank has, for compensation, obligated itself to either purchase or sell under
exchange-traded option contracts whose predominant risk characteristic is foreign exchange
risk. In the case of option contracts obligating the reporting bank to either purchase or sell a
foreign exchange futures contract, report the gross amount (stated in U.S. dollars) of the
foreign (non-U.S.) currency underlying the futures contract. Exchange-traded options on
major currencies such as the Japanese Yen and British Pound Sterling and options on futures
contracts of major currencies are examples of such contracts.
FFIEC 031 and 041
RC-L-13
RC-L – DERIVATIVES AND OFF-BALANCE SHEET
(3-02)
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