Financial Sector (Collection of Data) (reporting standard) determination No. 10 of 2021
4. Derivatives with gross negative m4. Derivatives with gross negative mark to market values and non-resident counterparties excluding clearing houses and central counterparties
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4. Derivatives with gross negative mark to market values and non-resident counterparties excluding clearing houses and central counterparties
Item 4 collects information on the value of derivatives with a gross negative mark to market value at the beginning and end of the reporting period with non-resident counterparties, excluding clearing houses and central counterparties. It also collects movements in the value of holdings of derivatives with a gross negative mark to market value due to payments and receipts from, and due to, transactions and market value changes, exchange rate variations and other changes that occurred during the reporting period.
Futures should be excluded from this item, and reported only in item 9.
| Column 1 | Report the country in which the immediate non-resident debtor resides.The residency of a financial derivative instrument is determined by the residence of the issuer rather than the country of issuance of the financial instrument itself. |
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| Column 2 | Report the opening position with gross negative mark to market value of derivatives with non-resident debtors.Reporting basis: report column 2 as at the beginning of the reporting period.The opening position should be the closing position of the previous quarter, that is, the mark to market value of derivatives in a gross negative mark to market value positions at the end of the previous quarter.Item 4.1(2) is a derived item. Report the value of opening position which results in a gross negative mark to market value in item 4.1(2) as the sum of column 2. |
| Column 3 | Report the value of transactions of derivatives with a gross negative mark to market value and non-resident counterparty.Reporting basis: report column 3 during the reporting period.Item 4.1(3) is a derived item. Report the value of transactions in item 4.1(3) as the sum of column 3. |
| Column 4 | Report the value of market value changes.Reporting basis: report column 4 during the reporting period.If there is a discrepancy remaining between opening and closing positions, this will be due to derivatives that have changed from a gross positive mark to market value to gross negative mark to market value position during the quarter or vice versa. Resolve this discrepancy by making the appropriate amendment to market value changes.Item 4.1(4) is a derived item. Report the value of market value changes in item 4.1(4) as the sum of column 4. |
| Column 5 | Report the value of exchange rate variations.Reporting basis: report column 5 during the reporting period.Item 4.1(5) is a derived item. Report the value of exchange rate variations in item 4.1(5) as the sum of column 5. |