as of December 15, 2010
- in millions of dollars-
|
I. Official reserve assets and other foreign currency assets (approximate market value) 4/ |
|
| December 15, 2010 | |
| A. Official reserve assets b/ | 43730 |
| (1) Foreign currency reserves (in convertible foreign currencies) | 41178 |
| (a) Securities | 30035 |
| of which: issuer headquartered in reporting country but located abroad | |
| (b) total currency and deposits with: | 11143 |
| (i) other national central banks, BIS and IMF | 1704 |
| (ii) banks headquartered in the reporting country | |
| of which: located abroad | |
| (iii) banks headquartered outside the reporting | 9439 |
| of which: located in the reporting country | |
| (2) IMF reserve position | 188 |
| (3) SDRs | 807 |
| (4) gold (including gold deposits and, if appropriate, gold swapped) 5/ | 1541 |
| —volume in fine troy ounces | 1,114842 |
| (5) other reserve assets (specify) | 16 |
| —financial derivatives | |
| —loans to nonbank nonresidents | |
| —other | 16 |
| B. Other foreign currency assets (specify) | 14 |
| —securities not included in official reserve assets d/ | 5 |
| —deposits not included in official reserve assets | |
| —loans not included in official reserve assets | |
| —financial derivatives not included in official reserve assets | |
| —gold not included in official reserve assets | |
| —other e/ | 9 |
| II. Predetermined short-term net drains on foreign currency assets (nominal value) | |||||
| Maturity breakdown (residual maturity) | |||||
| Total | Up to 1 month | More than 1 and up to 3 months | More than 3 months and up to 1 year | ||
| 1. Foreign currency loans, securities, and deposits 6/ f/ g/ | -1986 | -115 | -237 | -1634 | |
| —outflows (-) | Principal | -954 | -76 | -81 | -797 |
| Interest | -1032 | -39 | -156 | -837 | |
| —inflows (+) | Principal | ||||
| Interest | |||||
| 2. Aggregate short and long positions in forwards and futures in foreign currencies vis-à-vis the domestic currency (including the forward leg of currency swaps) 7/ | |||||
| (a) Short positions ( - ) | |||||
| (b) Long positions (+) | |||||
| 3. Other (specify) | |||||
| —outflows related to repos (-) | |||||
| —inflows related to reverse repos (+) | |||||
| —trade credit (-) | |||||
| —trade credit (+) | |||||
| —other accounts payable (-) | |||||
| —other accounts receivable (+) | |||||
| III. Contingent short-term net drains on foreign currency assets (nominal value) | ||||
| Maturity breakdown (residual maturity, where applicable) | ||||
| Up to 1 month | More than 1 and up to 3 months | More than 3 months and up to 1 year | ||
| Total | ||||
| 1. Contingent liabilities in foreign currency | -7080 | -7080 | ||
| (a) Collateral guarantees on debt falling due within 1 year | ||||
| (b) Other contingent liabilities | -7080 | -7080 | ||
| 2. Foreign currency securities issued with embedded options (puttable bonds) 8/ | ||||
| 3. Undrawn, unconditional credit lines 9/ provided by: | 0 | 0 | 0 | 0 |
| (a) other national monetary authorities, BIS, IMF, and other international organizations | 0 | 0 | 0 | 0 |
| —other national monetary authorities (+) | ||||
| —BIS (+) | ||||
| —IMF (+) | ||||
| (b) with banks and other financial institutions headquartered in the reporting country (+) | ||||
| (c) with banks and other financial institutions headquartered outside the reporting country (+) | ||||
| Undrawn, unconditional credit lines provided to: | ||||
| (a) other national monetary authorities, BIS, IMF, and other international organizations | ||||
| —other national monetary authorities (-) | ||||
| —BIS (-) | ||||
| —IMF (-) | ||||
| (b) banks and other financial institutions headquartered in reporting country (- ) | ||||
| (c) banks and other financial institutions headquartered outside the reporting country ( - ) | ||||
| 4. Aggregate short and long positions of options in foreign currencies vis-à-vis the domestic currency 10/ | ||||
| (a) Short positions | ||||
| (i) Bought puts | ||||
| (ii) Written calls | ||||
| (b) Long positions | ||||
| (i) Bought calls | ||||
| (ii) Written puts | ||||
| PRO MEMORIA: In-the-money options 11/ | ||||
| (1) At current exchange rates | ||||
| (a) Short position | ||||
| (b) Long position | ||||
| (2) + 5 % (depreciation of 5%) | ||||
| (a) Short position | ||||
| (b) Long position | ||||
| (3) - 5 % (appreciation of 5%) | ||||
| (a) Short position | ||||
| (b) Long position | ||||
| (4) +10 % (depreciation of 10%) | ||||
| (a) Short position | ||||
| (b) Long position | ||||
| (5) - 10 % (appreciation of 10%) | ||||
| (a) Short position | ||||
| (b) Long position | ||||
| (6) Other (specify) | ||||
| (a) Short position | ||||
| (b) Long position | ||||
| IV. Memo items | |
| (1) To be reported with standard periodicity and timeliness: 12/ | |
| (a) short-term domestic currency debt indexed to the exchange rate | |
| (b) financial instruments denominated in foreign currency and settled by other means (e.g., in domestic currency) 13/ | |
| —nondeliverable forwards | |
| —short positions | |
| —long positions | |
| —other instruments | |
| (c) pledged assets 14/ | |
| —included in reserve assets | |
| —included in other foreign currency assets | |
| (d) securities lent and on repo 15/ | |
| —lent or repoed and included in Section I | |
| —lent or repoed but not included in Section I | |
| —borrowed or acquired and included in Section I | |
| —borrowed or acquired but not included in Section I | |
| (e) financial derivative assets (net, marked to market) 16/ | |
| —forwards | |
| —futures | |
| —swaps | |
| —options | |
| —other | |
| (f) derivatives (forward, futures, or options contracts) that have a residual maturity greater than one year, which are subject to margin calls. | |
| —aggregate short and long positions in forwards and futures in foreign currencies vis-à-vis the domestic currency (including the forward leg of currency swaps) | |
| (a) short positions ( – ) | |
| (b) long positions (+) | |
| —aggregate short and long positions of options in foreign currencies vis-à-vis the domestic currency | |
| (a) short positions | |
| (i) bought puts | |
| (ii) written calls | |
| (b) long positions | |
| (i) bought calls | |
| (ii) written puts | |
| (2) To be disclosed less frequently: | |
| (a) currency composition of reserves (by groups of currencies) | 43730 |
| 8289currencies in SDR basket | 43730 |
| —currencies not in SDR basket | |
| —by individual currencies (optional) | This data should be supplied in country notes. |
Footnotes:
1. In principle, only instruments denominated and settled in foreign currency (or those whose valuation is directly dependent on the exchange rate and that are settled in foreign currency) are to be included in categories I, II, and III of the template. Financial instruments denominated in foreign currency and settled in other ways (e.g., in domestic currency or commodities) are included as memo items under Section IV.
2. Netting of positions is allowed only if they have the same maturity, are against the same counterparty, and a master netting agreement is in place. Positions on organized exchanges could also be netted.
3. Monetary authorities defined according to the IMF Balance of Payments Manual, Fifth Edition.
4. In cases of large positions vis-à-vis institutions headquartered in the reporting country, in instruments other than deposits or securities, they should be reported as separate items.
5. The valuation basis for gold assets should be disclosed; ideally this would be done by showing the volume and price.
6. Including interest payments due within the corresponding time horizons. Foreign currency deposits held by nonresidents with central banks should also be included here. Securities referred to are those issued by the monetary authorities and the central government (excluding social security).
7. In the event that there are forward or futures positions with a residual maturity greater than one year, which could be subject to margin calls, these should be reported separately under Section IV.
8. Only bonds with a residual maturity greater than one year should be reported under this item, as those with shorter maturities will already be included in Section II, above.
9. Reporters should distinguish potential inflows and potential outflows resulting from contingent lines of credit and report them separately, in the specified format.
10. In the event that there are options positions with a residual maturity greater than one year, which could be subject to margin calls, these should be reported separately under Section IV.
11. These "stress-tests" are an encouraged, rather than a prescribed, category of information in the IMF’s Special Data Dissemination Standard (SDDS). Could be disclosed in the form of a graph. As a rule, notional value should be reported. However, in the case of cash-settled options, the estimated future inflow/outflow should be disclosed. Positions are "in the money" or would be, under the assumed values.
12. Distinguish between assets and liabilities where applicable.
13. Identify types of instrument; the valuation principles should be the same as in Sections I-III. Where applicable, the notional value of nondeliverable forward positions should be shown in the same format as for the nominal value of deliverable for wards/futures in Section II.
14. Only assets included in Section I that are pledged should be reported here.
15. Assets that are lent or repoed should be reported here, whether or not they have been included in Section I of the template, along with any associated liabilities (in Section II). However, these should be reported in two separate categories, depending on whether or not they have been included in Section I. Similarly, securities that are borrowed or acquired under repo agreements should be reported as a separate item and treated symmetrically. Market values should be reported and the accounting treatment disclosed.
16. Identify types of instrument. The main characteristics of internal models used to calculate the market value should be disclosed.
Country Notes:
a. The Data Template on International Reserves and Foreign Currency Liquidity is published weekly on the 7th, 15th, 22nd, and the last working day of the month since August 7, 2001, with a lag of five working days.
b. Official Reserve Assets and other foreign currency assets, Items I.A and I.B, do not include contributions to the Latin American Reserve Fund (FLAR) starting from March 7, 2008 data. This concept is included among foreign assets in the BCRP's balance sheet. Contributions to FLAR is reported in the BCRP's balance sheet, while not meeting the definition of reserves or liquid foreign assets as stated in the SDDS reserves template definition, they could be available for use by the authorities under specific circumstances. Since June 2008, contribution to FLAR amounts to US$ 369 million. Gold is valued at the market price in the BCRP's balance sheet. This price is the New York stock exchanges' closing quotation. Additionally, foreign currency securities are registered at market value.
c. Item I.A.(5), Other reserve assets, includes ALADI Reciprocal Credit Agreement balances.
d. The item "other" in Item I.B. comprises securities not included in reserve assets and interest receivable on other foreign assets.
e. Item II.1 includes central government and public sector financial firms' foreign debt, and public sector domestic debt in foreign currency.
f. Balances in Item II.1 are updated at the end of each month.
g. Item III.3.(a) may include the maximum amount of unconditional credit facilities that Peru could draw from FLAR at any moment. This credit line would be the lower of (i) twice the capital paid to FLAR minus the outstanding credits of the country under the liquidity and contingent credits, plus, approved but undrawn disbursements under conditional credit lines provided by FLAR; or (ii) the amount of the country's credit quota minus the outstanding credits of the country from FLAR. According to the FLAR bylaws, the credit quota is the lesser of (1) two and a half times the capital paid to FLAR, (2) the overall balance of payments deficit of the applicant country for 12 months prior to the application, and (3) the amount corresponding to the percentage set by the Board of Directors for the applicant country's imports from the member countries during the previous 12 months of the application. At the present time, Peru´s credit quota is zero because of a surplus in the overall balance of payments.
Form date
February 27, 2009