Instructions For Schedule Rc-L (Form Ffiec 031 And 041) - Derivatives And Pff-Balance Sheet Items Page 14
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18FFIEC 031 and 041
RC-L – DERIVATIVES AND OFF-BALANCE SHEET
Item No.
Caption and Instructions
Column C, Written Exchange-Traded Equity Derivative Options: Report the contract
12.c.(1)
(cont.)
amount for those exchange-traded option contracts where the reporting bank has obligated
itself, for compensation, to purchase or sell an equity instrument or equity index.
Column D, Written Exchange-Traded Commodity and Other Exchange-Traded Options:
Report the contract amount for those exchange-traded option contracts where the reporting
bank has obligated itself, for compensation, to purchase or sell a commodity or product.
Include any other written, exchange-traded option that is not reportable as an interest rate,
foreign exchange, or equity derivative contract in column A, B, or C.
Purchased options . Report in this item the aggregate par value of the financial instruments
12.c.(2)
or commodities that the reporting bank has, for a fee or premium, purchased the right to
either purchase or sell under exchange-traded option contracts that are outstanding as of the
report date.
Column A, Purchased Exchange-Traded Interest Rate Options: For exchange-traded option
contracts giving the reporting bank the right 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, Purchased 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 a fee, purchased the right to either purchase or sell under
exchange-traded option contracts whose predominant risk characteristic is foreign exchange
risk. In the case of option contracts giving the reporting bank the right to either purchase or
sell a currency 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.
Column C, Purchased Exchange-Traded Equity Derivative Options: Report the contract
amount of those exchange-traded option contracts where the reporting bank has, for a fee,
purchased the right to purchase or sell an equity instrument or equity index.
Column D, Purchased Exchange-Traded Commodity and Other Exchange-Traded Options:
Report the contract amount for those exchange-traded option contracts where the reporting
bank has, for a fee, purchased the right to purchase or sell a commodity or product. Include
any other purchased, exchange-traded option that is not reportable as an interest rate, foreign
exchange, or equity derivative contract in column A, B, or C.
Over-the-counter option contracts . Option contracts convey either the right or the
12.d
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. Options can be written to meet the specialized needs of the
counterparties to the transaction. These customized option contracts are known as over-the-
counter (OTC) options. Thus, over-the-counter option contracts include all option contracts
not traded on an organized exchange.
FFIEC 031 and 041
RC-L-14
RC-L – DERIVATIVES AND OFF-BALANCE SHEET
(3-02)
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