Specific instructionsSpecific instructions

Specific instructions

Refer to the sector definitions in the ARF 320.0 instructions as a general guide for reporting by sector. In particular, care should be taken to determine whether debt securities that appear to be issued by Sate, Territory and local government are actually issued by central borrowing authorities. State central borrowing authorities have taken over almost all bond issuance for funding required by Sate, Territory and local governments.

The items listed under ‘Include’ and ‘Exclude’ are examples and should not be taken as a complete list of items to be included or excluded.

Short term debt securities

Report all trading and investment securities with an original term to maturity less than or equal to than 1 year at market value.

Include:

• bills of exchange, bank-accepted and other;
• certificates of deposits with an original term to maturity of 1 year or less;
• commercial paper including promissory notes and asset-backed commercial paper;
• treasury notes;
• other short-term commercial or financial paper;
• short sold positions; and
• short-term debt securities (stock) lent or sold under repurchase agreements (these amounts should also be reported in ARF 320.5 Securities subject to Repurchase and Resale and Stock Lending and Borrowing (ARF 320.5)).

Exclude:

• short-term debt securities borrowed or purchased under resale agreements (these amounts should be reported in ARF 320.5); and
• 11am accounts and 24-hour money.

Short term debt securities: Bills of exchange - Bank accepted and other

Report bills of exchange at market value.

Include:

• holdings of bills of exchange accepted by this ADI.

Short term debt securities: Non-residents

Report all trading and investment securities with an original term to maturity less than 1 year at market value.

Long term debt securities

Report all trading and investment securities with an original term to maturity of more than 1 year at market value. Report the net transactions during the month by sector of issuer (excluding transactions via repurchase/stock lending agreements).

Include:

• convertible notes prior to conversion;
• certificates of deposits with an original term to maturity of more than 1 year;
• government and semi-government inscribed stock;
• medium term notes, bonds, debentures and unsecured notes;
• inflation-indexed bonds;
• floating rate notes and other floating-rate debt securities;
• asset-backed securities such as mortgage backed bonds;
• credit-linked notes and other debt securities with embedded financial derivatives;
• other long-term debt securities;
• securities (stock) lent or sold under repurchase agreements (these amounts should be reported in ARF 320.5); and
• short sold positions as a negative asset against the appropriate debt security item.

Exclude:

• securities borrowed or purchased under resale agreements (these amounts should be reported in ARF 320.5); and
• options, swaps, rights, warrants and other financial derivatives.