Deposit-Taking Institutions - Reporting Manual Geographical Distribution of Assets Bank of Canada and Liabilities Booked Outside of Canada (GR) Revised: November 2021 Page 1 RETURN OF THE GEOGRAPHICAL DISTRIBUTION OF ASSETS AND LIABILITIES BOOKED OUTSIDE OF CANADA PURPOSE This return provides foreign currency and Canadian currency information regarding the size and nature of a bank's claims, other exposures, and liabilities vis-à-vis residents of foreign countries and Canada that are booked outside of Canada. The data are an important source of information for analyzing international banking activity and are the basis for fulfilling Canada’s reporting responsibilities to the Bank for International Settlements. STATUTORY Section 628 of the Bank Act and Section 24 of the Bank of Canada Act. APPLICATION This return applies to all banks with affiliates outside of Canada. Trust and Loan Companies are not required to submit this return. PUBLICATION Certain information is published on a total-for-all-banks basis in the Bank of Canada Banking and Financial Statistics, in Statistics Canada's International Accounts publications, in Statistics Canada’s key socioeconomic database (CANSIM), and on the BIS website (www.bis.org). FREQUENCY Quarterly CONTACT PERSON Provide name and phone number of person to contact regarding any questions about this return. REPORTING DATES This return is to be completed as at the last day of each quarter and submitted to the Bank of Canada within 60 days of the reporting date. CONTACT AGENCY Bank of Canada
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Deposit-Taking Institutions - Reporting Manual Geographical Distribution of Assets
Bank of Canada and Liabilities Booked Outside of Canada (GR)
Revised: November 2021 Page 1
RETURN OF THE GEOGRAPHICAL DISTRIBUTION OF ASSETS AND LIABILITIES BOOKED
OUTSIDE OF CANADA
PURPOSE
This return provides foreign currency and Canadian currency information regarding the size and nature of a bank's
claims, other exposures, and liabilities vis-à-vis residents of foreign countries and Canada that are booked outside of
Canada. The data are an important source of information for analyzing international banking activity and are the
basis for fulfilling Canada’s reporting responsibilities to the Bank for International Settlements.
STATUTORY
Section 628 of the Bank Act and Section 24 of the Bank of Canada Act.
APPLICATION
This return applies to all banks with affiliates outside of Canada. Trust and Loan Companies are not required to
submit this return.
PUBLICATION
Certain information is published on a total-for-all-banks basis in the Bank of Canada Banking and Financial
Statistics, in Statistics Canada's International Accounts publications, in Statistics Canada’s key socioeconomic
database (CANSIM), and on the BIS website (www.bis.org).
FREQUENCY
Quarterly
CONTACT PERSON
Provide name and phone number of person to contact regarding any questions about this return.
REPORTING DATES
This return is to be completed as at the last day of each quarter and submitted to the Bank of Canada within 60 days
of the reporting date.
CONTACT AGENCY
Bank of Canada
Deposit-Taking Institutions - Reporting Manual Geographical Distribution of Assets
Bank of Canada and Liabilities Booked Outside of Canada (GR)
Revised: November 2021 Page 2
LIST OF COUNTRY CODES
A. Developed countries
(i) Europe
Andorra 403
Austria 437
Belgium 406
Cyprus 481
Denmark 409
Estonia 529
Faroe Islands 479
Finland 441
France 412
Germany 415
Greece 445
Greenland 480
Iceland 449
Ireland 418
Italy 421
Latvia 540
Liechtenstein 453
Lithuania 541
Luxembourg 424
Malta 489
Monaco 427
Netherlands 430
Norway 457
Portugal 461
San Marino 491
Slovak Republic 552
Slovenia 555
Spain 465
Sweden 469
Switzerland 473
United Kingdom 124
Vatican 433
(ii) Other developed countries
Australia 812
Japan 135
New Zealand 824
United States 110
B. Offshore centers
Aruba 208
Anguilla 274
Antigua and Barbuda 207
Bahamas 209
Deposit-Taking Institutions - Reporting Manual Geographical Distribution of Assets
Bank of Canada and Liabilities Booked Outside of Canada (GR)
Revised: November 2021 Page 3
Bahrain 604
Barbados 212
Bermuda 215
British Virgin Islands 218
Cayman Islands 221
Curacao 266
Gibraltar 485
Guernsey 486
Hong Kong SAR 658
Isle of Man 487
Jersey 488
Lebanon 620
Macao SAR 670
Mauritius 758
Montserrat 260
Panama 363
Panama Canal Zone 367
Samoa 870
Singapore 686
Sint Maarten (Dutch) 268
St. Kitts-Nevis (include the Eastern Caribbean Central Bank (ECCB)) 272
Vanuatu 856
C. Developing Countries
(i) Europe
Albania 515
Belarus 517
Bosnia-Hercegovina 519
Bulgaria 521
Croatia 525
Czech Republic 526
Hungary 539
Macedonia 542
Moldova 543
Montenegro 559
Poland 545
Romania 551
Russian Federation 553
Serbia 558
Turkey 477
Ukraine 556
(ii) Latin America, Caribbean, and Western Atlantic Islands
Argentina 303
Belize 307
Bolivia 311
Bonaire, St. Eustatius and Saba 270
Brazil 315
Chile 319
Deposit-Taking Institutions - Reporting Manual Geographical Distribution of Assets
Bank of Canada and Liabilities Booked Outside of Canada (GR)
Revised: November 2021 Page 4
Colombia 323
Costa Rica 327
Cuba 224
Dominica 227
Dominican Republic 230
Ecuador 331
El Salvador 335
Falkland Islands 233
French Guiana 339
Guadeloupe 239
Grenada 236
Guatemala 343
Guyana 347
Haiti 242
Honduras 351
Jamaica 248
Martinique 257
Mexico 355
Nicaragua 359
Paraguay 371
Peru 375
Puerto Rico 202
St. Barthelemy 276
St. Lucia 275
St. Martin (French) 279
St. Pierre and Miquelon 278
St. Vincent 281
Suriname 379
Trinidad and Tobago 287
Turks and Caicos Islands 290
Uruguay 383
U.S. Virgin Islands 205
Venezuela 387
(iii) Africa and Middle East
*Abu Dhabi 602
Algeria 702
Angola 704
Benin (formerly Dahomey) 724
Botswana 706
Burkina Faso 802
Burundi 708
Cameroon Republic (include the Bank of Central African States (BEAC)) 712
Cape Verde Islands 714
Central African Republic 716
Chad 718
Cocos (Keeling) Islands 814
Comoros Islands 720
Congo, Democratic Republic of (formerly Zaire) 804
Congo, People's Republic of 722
Côte d’Ivoire 742
Deposit-Taking Institutions - Reporting Manual Geographical Distribution of Assets
Bank of Canada and Liabilities Booked Outside of Canada (GR)
Revised: November 2021 Page 5
*Dubai 606
Djibouti 730
Egypt 608 Equatorial Guinea 726 Eritrea 727 Ethiopia 728 Gabon 732 Gambia 734 Ghana 736 Guinea 738 Guinea-Bissau 740 Heard and MacDonald Islands 816 Iran 610 Iraq 612 Israel 614 Jordan, Hashemite Kingdom of 616 Kenya 744 Kuwait, State of 618 Lesotho 746 Liberia 748 Libya, Arab Republic of 622 Madagascar (Malagasy Republic) 750 Malawi 752 Mali 754 Mauritania 756 Morocco 760 Mozambique 762 Namibia 764 Niger 766 Nigeria 768 Oman 626 Palestinian Territory 627 Qatar 628 Reunion Islands 770 Rwanda 774 Sao Tomé and Principe 778 Saudi Arabia 630 Senegal (include the Central Bank of West African States (BCEAO)) 780 Seychelles 782 Sierra Leone 784 Somalia 786 St. Helena 776 South Africa 701 South Sudan 791 Sudan 790 Swaziland 792 Syria 632 Tanzania 794 Togo 796 Tunisia 798 Uganda 800 *United Arab Emirates 634 Western Sahara 788
Deposit-Taking Institutions - Reporting Manual Geographical Distribution of Assets
Bank of Canada and Liabilities Booked Outside of Canada (GR)
Revised: November 2021 Page 6
Yemen, Republic of 636 Zambia 806 Zimbabwe (formerly Rhodesia) 772 * Report Abu Dhabi and Dubai separately from other members of United Arab Emirates.
(iv) Asia and Pacific
Afghanistan 648
American Samoa 832
Antarctica 834
Armenia 647
Azerbaijan 649
Bangladesh 650
Bhutan, Kingdom of 652
British Indian Ocean Territory 710
Brunei 654
Cambodia 664
China, People's Republic of 640
Chinese Taipei 690
Christmas Island 840
Cook Islands 826
Fiji 842
French Polynesia 844
Georgia 657
Guam 848
India 660
Indonesia 662
Johnston Island 850
Kazakhstan 665
Kiribati (Canton and Enderbury, Gilbert Island,
Phoenix Islands, Line Islands) 846
Korea, Republic of (south) 666
Korea, Democratic People's Republic of (north) 642
Kyrgyz Republic 667
Laos 668
Malaysia 672
Maldives, Republic of 674
Marshall Islands 872
Micronesia 874
Midway Island 852
Mongolia 644
Myanmar (formerly Burma) 656
Nauru 818
Nepal, Kingdom of 676
New Caledonia 854
Niue Island 828
Norfolk Island 820
Pacific Islands (Trust Territory) 858
Pakistan 678
Palau 876
Papua New Guinea 822
Deposit-Taking Institutions - Reporting Manual Geographical Distribution of Assets
Bank of Canada and Liabilities Booked Outside of Canada (GR)
Revised: November 2021 Page 7
Philippines 680
Pitcairn Islands 860 Solomon Islands 836 Sri Lanka 688 Tajikistan 691 Thailand 692 Timor Leste 682 Tokelau or Union Islands 830 Tonga 862 Turkmenistan 693 Tuvalu 838 U.S. Miscellaneous 864 Uzbekistan 695 Vietnam 646 Wake Island 866 Wallis and Futuna Islands 868 D. International organizations and other institutions Multilateral development banks (see List of international organizations) 924 Other International organizations (see List of international organizations) 900 Bank for International Settlements 915 European Central Bank 923 E. Unallocated
Shipping loans 930 Other 935 F. Canada 146 Totals 999
CURRENCY CODES
1 Canadian currency 2 U.S. dollars 3 British pound sterling 4 Euro 5 Swiss francs
6 All other currencies
7 Japanese yen
Deposit-Taking Institutions - Reporting Manual Geographical Distribution of Assets
Bank of Canada and Liabilities Booked Outside of Canada (GR)
Revised: November 2021 Page 8
GENERAL INSTRUCTIONS
The information reported in Part I and II covers claims, other exposures, and liabilities booked at foreign branches,
foreign agencies, foreign corporations controlled by the bank, and at foreign branches or offices of Canadian
corporations controlled by the bank. International departments or divisions are considered to be residents of the
country in which the office is located. The level of consolidation for this return should be the same as that for the
balance sheet. The positions of investment dealer subsidiaries are to be consolidated into this return.
All foreign and Canadian currency claims, other exposures, and liabilities (whether vis-à-vis residents or
non-residents of Canada) are to be reported on this return.
Separate data are required with respect to positions in Canadian dollars, U.S. dollars, British pound sterling, Euros,
Swiss francs, Japanese yen and "all other foreign currencies". The foreign currency positions are to be converted into
Canadian currency equivalent amounts at the exchange rates used to convert foreign currency amounts reported on
the Balance sheet (M4), to maintain the consistency and comparability between these two reports.1
As of January 1, 1999, members of the European Monetary Union (EMU) merged their currencies into a new
currency, the Euro. EMU members include: Austria, Belgium, Cyprus (2008), Estonia (2011), Finland, France,
Portugal, Slovak Republic (2009), Slovenia (2007) and Spain. Prior to January 1, 1999, EMU member currencies
were reported in the “Other Currencies” column, with the exception of Deutsche Marks, which were reported
separately. Beginning January 1, 1999, all Euro currency entries (i.e., entries for all EMU members) are reported in
the “Euro” column.
Claims, other exposures, and liabilities are referred to as column numbers; this reference is for the purposes of
reporting the return to the Bank of Canada. The residency of counterparties on both an immediate risk and ultimate
risk (guarantor) basis is to be indicated according to a three-digit country code provided in the List of Country Codes.
References to "sections" in these instructions are intended to refer to the various sections on the List of Country
Codes.
All claims and other exposures are to be reported gross of any allowances for impairment. Accrued interest is to be
excluded from all parts of the return. Exclude all gold and silver balances, net debit or credit items in transit vis-à-vis
third parties and items reported as "other" assets and liabilities items on the month-end balance sheet, except
obligations related to assets sold under repurchase agreements.
Claims, other exposures, and liabilities are to be initially classified on a geographical basis according to the mailing
address of the counterparty, unless the bank is aware that the resident status of the counterparty is different from their
mailing address. Foreign branches or foreign subsidiaries of Canadian corporations are classified as non-residents
(making them residents of the foreign country in which they are operating), while branches or subsidiaries of foreign
corporations operating in Canada are classified as residents. Claims, other exposures and liabilities vis-à-vis
international organizations (multilateral development banks and other international organizations) are to be reported
separately in section D of the return (see List of country codes).
Bearer term deposits, covered bonds, subordinated debt and other similar negotiable instruments for which the
institution has no way of knowing the residency of the holder of such instruments are to be reported in section E
(country code 935) on Part II of the return under the column ‘Unallocated by sector’.
1 Prior to March 1, 2017, the foreign currency amounts were translated into Canadian currency equivalent amounts using closing
foreign exchange rates provided by the Bank of Canada. Currencies for which the Bank of Canada did not provide closing rates
were converted to Canadian currency equivalents using a representative closing market mid-rate or the other market rate
available.
Deposit-Taking Institutions - Reporting Manual Geographical Distribution of Assets
Bank of Canada and Liabilities Booked Outside of Canada (GR)
Revised: November 2021 Page 9
In section E of the list of country codes, reference is made to shipping loans. "Shipping loans" are defined to be
those loans made upon the security of a ship to an entity whose address reflects its desire to fly "flags of
convenience" (usually Liberian or Panama), and whose income is generated by chartering its ship to a resident of
another country. Since it is difficult to ascertain where the borrower is domiciled and who the guarantor might be,
these types of loans should be reported separately in section E (Unallocated, country code 930). It is not necessary to
file any information regarding risk transfers for these types of loans.
For reporting purposes, total immediate risk claims (including local claims in local currency), outward risk and inward risk transfers, deposits payable, debt securities issued and repo transactions are further disaggregated by sector (Banks, Central banks, Non-bank financial institutions, Non-financial corporations, General government, Households, Total non-financial sector and Unallocated by sector). Bearer term deposits, covered bonds and other similar negotiable instruments for which the institution has no way of knowing the sector of the holder, may be reported under Debt securities issued - Unallocated by sector category. International organizations other than those considered central banks do not need to be allocated by sector and may be reported under Unallocated by sector category.
Claims and outward and inward risk transfers are further broken down by type of claims (Cross-border, Local in
Local currency, and Local in Foreign currency).
Claims, deposits payable and debts securities issued are also disaggregated by place of booking (US, UK, Developed
reporting countries, Off-shore countries and Other).
Residual term to maturity breakdown (1 year or less, over 1 to 2 years, over 2 years and Unallocated) is to be
reported for total claims (including local claims in local currency). Claims that cannot be classified by maturity, such
as equity, should be assigned to the residual category “Unallocated”. Subordinated debt with a remaining maturity 1
year or less is to be reported separately as an “of which” category under total subordinated debt. Banks’ own issues
of debt securities with original term to maturity of one year or less and long-term securities with remaining maturity
of one year or less are to be reported separately as well.
With respect to the sector breakdown, the return makes use of the 1980 Statistics Canada Standard Industrial
Classification (SIC) and the North American Industry Classification System (NAICS) to identify borrowers. The
concept of institutional sectors used in this return conforms to the attached definition.
Note that Statistics Canada’s Standard Industrial Classification speaks only to the Canadian situation. These must be
adapted by institutions, unless specified otherwise, for borrowers outside of Canada.
Deposit-Taking Institutions - Reporting Manual Geographical Distribution of Assets
Bank of Canada and Liabilities Booked Outside of Canada (GR)
Revised: November 2021 Page 10
Banks • Chartered banks in Canada that are in Schedule I or II of the Bank Act (see SIC, Division K, Class 7021), foreign bank branches in Canada
and all institutions elsewhere that are regarded as banks in the countries in which they are incorporated and supervised by the appropriate
banking supervisor or central bank.
Central banks • SIC, Division K, Class 7011 (See list of central banks and official monetary authorities)
Financial
institutions
Private and public financial institutions other than banks, engaged primarily in the provision of financial services and activities
auxiliary to financial intermediation such as fund management.
• Credit unions and caisses populaires, trust companies and mortgage loan companies (see SIC, Division K, Classes 7029, 7031, 7041, 7042,
7051, 7052 and 7099).
• Life insurance companies, fraternal benefit societies, property and casualty insurance companies and trustee and other pension plans (see SIC,
Division K, Class 7291, 7299 and Major Group 73.
• Investment dealers (see SIC, Division K, Group 741) and mutual funds, hedge funds, closed-end funds, mortgage investment companies, real
estate investment trusts, sales finance and consumer loan companies and other private financial institutions (such as financial leasing and
venture capital companies, see SIC, Division K, Groups 71, 72 and Groups 742, 743 and 749).
Include: Multilateral development banks (see List of international institutions)2
Non-financial
corporations
All emanations of governments that carry on a business or that have their own borrowing authority.
All Canadian and foreign non-financial public corporations.
All privately and publicly owned corporations and unincorporated businesses.
• Agriculture - SIC, Division A, Major Groups 01 and 02
• Fishing and Trapping - SIC, Division B, Major Group 03
• Logging and Forestry - SIC, Division C, Major Groups 04 and 05
• Mining, Quarrying and Oil Wells - SIC, Division D, Major Groups 06 to 09
• Manufacturing - SIC, Division E, Major Groups 10 to 12,15 to 19, 24 to 33, 35 to 37 and 39
• Construction Industries- SIC, Division F, Major Groups 40 to 42 and 44
• Transportation and Storage Industries- SIC, Division G, Major Group 45 to 47
• Communication and Other Utility Industries – SIC, Division H, Major Group 48 and 49
• Wholesale trade – SIC Division I, Major Groups 50 to 57 and 59
• Retail trade - SIC, Division J, Major Groups 60 to 65 and 69
• Real Estate Operator and Insurance Agent Industries- Division L, Major Groups 75 and 76
• Business Service Industries - SIC, Division M, Major Group 77
• Educational Service Industries – SIC, Division O, Groups 852 to 855 and 859
• Health and Social Service Industries – SIC, Division P, Major Group 86
2 Multilateral development banks may be classified as unallocated by sector.
Deposit-Taking Institutions - Reporting Manual Geographical Distribution of Assets
Bank of Canada and Liabilities Booked Outside of Canada (GR)
Revised: November 2021 Page 11
• Accommodation, Food and Beverage Service Industries – SIC, Division Q, Major Groups 91 and 92
• Other Service Industries – SIC, Division R, Major Groups 96 and 99 General
government
All governments in a country whether central, provincial, state, regional, municipal or local, their departments and agencies. In addition, it
includes non-profit institutions engaged in non-market production that are controlled and mainly financed by government units and social
security funds.
• Government Service Industries – SIC, Division N, Major Groups 81 to 84
• Elementary and Secondary Education – SIC, Division, Group 851
Households • Individuals, families and unincorporated enterprises owned by households.
Non-financial
sector • All non-financial sector quoted above (corporations, general government, households), plus all non-financial sector International
organizations (i.e. excluding multilateral development banks). See List of International organizations.3
Unallocated
by sector • Sector of the counterparty unknown.
North American Industry Classification System (NAICS)
Banks • 522111: Chartered banks in Canada that are in Schedule I or II of the Bank Act, foreign bank branches in Canada and all
institutions elsewhere that are regarded as banks in the countries in which they are incorporated and supervised by the
appropriate banking supervisor or central bank.
Exclude: Canadian trust companies and mortgage loan companies.
Central banks • 5211: See list of central banks and official monetary authorities.
Financial Institutions Private and public financial institutions other than banks, engaged primarily in the provision of financial services and activities
auxiliary to financial intermediation such as fund management.
• Group 522: Credit intermediation and related activities (excluding Banks)
• Group 523: Securities, commodity contracts, and other financial investment and related activities
• Group 524: Insurance carriers and related activities
• Group 526: Funds and other financial vehicles
Include: Multilateral development banks (see List of international institutions)4 and
Financial holding companies. Non-financial
corporations
All emanations of governments that carry on a business or that have their own borrowing authority.
All Canadian and foreign public corporations.
All privately and publicly owned corporations and unincorporated businesses:
3 International organizations may be classified as unallocated by sector. 4 Multilateral development banks may be classified as unallocated by sector.
Deposit-Taking Institutions - Reporting Manual Geographical Distribution of Assets
Bank of Canada and Liabilities Booked Outside of Canada (GR)
Revised: November 2021 Page 12
• Group 11: Agriculture, forestry, fishing and hunting
• Group 21: Mining, quarrying, and oil and gas extraction
• Group 22: Utilities
• Group 23: Construction
• Groups 31 – 33: Manufacturing
• Group 41: Wholesale trade
• Groups 44-45: Retail trade
• Groups 48-49: Transportation and warehousing
• Group 51: Information and cultural industries
• Group 524210: Insurance agencies and brokerage
• Group 53: Real estate and rental and leasing
• Group 54: Professional, scientific and technical services
• Group 55: Management of companies and enterprises (exclude financial holding companies)
• Group 56: Administrative and support, waste management and remediation services
• Group 61: Educational services (exclude Elementary and secondary schools 6111)
• Group 62: Health care and social assistance
• Group 71: Arts, entertainment and recreation
• Group 72: Accommodation and food services
• Group 81: Other services (except public administration)
General government All governments in a country whether central, provincial, state, regional, municipal or local, their departments and agencies. In
addition, it includes non-profit institutions engaged in non-market production that are controlled and mainly financed by
government units and social security funds.
• Groups 91: Public administration
• Group 6111: Elementary and secondary schools
Households • Individuals, families and unincorporated enterprises owned by households.
Non-Financial sector • All non-financial sector quoted above (corporations, general government, households), plus all non-financial sector
International organizations (i.e. excluding multilateral development banks). See List of international organizations.5
Unallocated by sector • Sector of the counterparty unknown.
5 International organizations may be classified as unallocated by sector.
Deposit-Taking Institutions - Reporting Manual Geographical Distribution of Assets
Bank of Canada and Liabilities Booked Outside of Canada (GR)
Revised: November 2021 Page 13
Type of claim:
“Cross-border” claims are defined as claims on residents of countries other than the country in which the claim is
booked.
“Local” activities are those claims of an office of a bank made with residents of the country in which the office
booking the claim is located.
“Local claims in local currency” involve local claims denominated in the local currency of the country in which
the banking office is located. Local currencies are defined as those that are issued by the relevant countries
themselves or currencies whose issuance a country can influence as in the case of a monetary union.
“Local claims in foreign currency” involve local claims denominated in non-local currency.
With the introduction of the Euro on January 1, 1999, the meaning of “Local claims in local currency” activities was
broadened to recognize the Euro currency as the local currency of all of the countries in the European Monetary
Union. For example, a claim against a German resident booked in Germany in French Francs would not have been
considered “Local claims in local currency” prior to the introduction of the Euro, but is now classified as a “Local
claims in local currency” claim beginning January 1, 1999.
Risk transfers:
Information on claims reported on an immediate risk basis that can be reallocated to the country (and/or sector
and/or type of claim) where the final risk lies, is to be reported by way of outward and inward risk transfers.
Risk transfers refer to credit risk mitigants that shift a bank’s credit exposure from the immediate counterparty to a
guarantor, to another counterparty or collateral that guarantees the claim.
The immediate counterparty is the direct party to a contract. For deposits accepted, the immediate counterparty is the
depositor; for loans extended, the immediate borrower; for debt and equity securities holdings, the issuer of the
securities; and for short sales of securities, the issuer of the securities borrowed or delivered in a reverse repurchase
agreement.
The guarantor is the ultimate party to a contract, who is contractually bound to assume responsibility for the
performance of the contract in the event of default by the immediate counterparty.
Risk transfers do not eliminate credit risk; they redistribute it across counterparties. For every outward risk transfer
from the immediate counterparty, there is an equivalent inward risk transfer to the guarantor. For example, if a 1
million loan to a company in country A is guaranteed by the company’s parent in country B, the guarantee results in
an outward risk transfer from country A and an inward risk transfer to country B. For purposes of risk transfer, this
transaction would be reported as follows:
(Thousands of Canadian Dollars)
Claims On Loans Outward Risk
Transfer
Inward Risk
Transfer
(1) 2) (3) (4)
1. Country A 1,000 1,000
2. Country B 1,000
Deposit-Taking Institutions - Reporting Manual Geographical Distribution of Assets
Bank of Canada and Liabilities Booked Outside of Canada (GR)
Revised: November 2021 Page 14
There are four types of risk transfer recognized by the Basel Committee on Banking Supervision (BCBS)
standards: parent guarantees to branches, explicit guarantees by parents and third parties, credit derivatives, and
collateral. Criteria for recognizing these are defined in Table 1.
Risk transfers Table 1
Type of risk transfer Criteria for recognition
Parent guarantees
to branches
Branches are always considered as being guaranteed by their immediate parent, even in
the absence of an explicit guarantee. This is because branches are usually not separate
legal entities.
Explicit guarantees
from parents to
subsidiaries or
from third parties
Guarantees must be explicit, direct, irrevocable (i.e. they must not be unconditionally
cancellable by the guarantor), and legally enforceable in all relevant jurisdictions.
Exposures to subsidiaries are not considered as being guaranteed by the parent unless
there is an explicit guarantee.
Credit derivatives Credit protection bought to hedge credit risk exposures in banks’ banking book. Credit
default swaps, total return swaps and other credit derivatives can be recognized as risk
transfers only if they provide credit protection similar to explicit guarantees. Credit
derivatives held in banks’ trading book are not recognized as risk transfers.
Collateral Assets pledged to hedge in whole or in part credit risk exposures in banks’ balance sheets.
For collateral to provide credit protection, the bank must have the right to liquidate or
take legal possession of it in a timely manner in the event of default, and the credit quality
of the immediate counterparty and the value of the collateral must not have a material
positive correlation. Securities bought under reverse repurchase agreements are
considered as having the same characteristics as collateral and should therefore be treated
as collateral.
Risk transfers should be valued at face value or, for credit derivatives, notional value. If the face value of the risk
transfer exceeds the value of the underlying claim to which it relates, then the value of the underlying claim should
be used. Unadjusted values may be used, excluding haircuts and adjustments for future fluctuations in value.
If full credit protection is provided by more than one source – for example, from multiple guarantors or multiple
forms of collateral – then the risk transfer that has the highest credit quality should be recognized. For instance, for a
claim on a branch for which eligible collateral is posted, the risk transfer should be determined according to whether
the counterparty’s parent or the collateral is of higher credit quality. If partial credit protection is provided by
multiple sources, then claims on a guarantor basis should be apportioned according to either a predefined share or
from highest credit quality to lowest credit quality. Where national prudential standards differ from these
guidelines, national standards may be followed.
Where banks are unable to allocate outward risk by country because the protection has been purchased to cover a
group, e.g., an industry exposure, banks are to use a reasonable weighted-average allocation formula, e.g., weighted-
average based on total claims of the group.
Deposit-Taking Institutions - Reporting Manual Geographical Distribution of Assets
Bank of Canada and Liabilities Booked Outside of Canada (GR)
Revised: November 2021 Page 15
Table 2 provides a list of financial instruments that can be recognized as collateral and illustrates who should be
considered the guarantor. The list consists of instruments that are judged to have sufficient market liquidity such that
they can be liquidated promptly, mainly cash and securities (BCBS (2017b), paragraphs 146 to 149)6. Where national
prudential standards for recognizing collateral differ from the BCBS’s standards, national standards may be
followed.
Securities repurchase (repo) agreements involve the provision of securities as collateral for a loan. In a repo, the
immediate counterparty is the cash taker, who incurred a loan liability. The security is treated as collateral for the cash
provider, and the guarantor is the issuer of the collateral. Similarly, for sale buybacks and securities lending, the
guarantor is the issuer of the collateral.
Collateral
Table 2
Type of collateral Guarantor
Currency (notes and coins)
Currency issuing authority (i.e. central bank)
Deposits Bank where the cash is deposited
Gold Custodian bank
Securities Issuer of the security
Other collateral
Commercial real estate
Non-financial corporation in the country where the asset is located
Residential real estate Household in the country where the asset is located
Movable assets Owner of the asset
In the case of security holdings, such as credit-linked notes and other collateralized debt obligations and asset-
backed securities, a “look-through” approach should be adopted and the country of guarantor is defined as the
country where the debtor of the underlying credit, security or derivative contract resides.
Where banks are unable to allocate the country and sector of the collateral issuer, e.g. in situations where a third
party agent is used to process various poste-trade activity during the life of the transaction, the country and sector of
the guarantor, i.e. inward risk transfer, may be reported as unallocated.
Inward and outward risk transfers are used to report transfer of risk from one sector to another sector, even when the
country of the immediate risk and the country of ultimate risk (guarantor) are the same. The total for all outward risk
transfers will equal the total for all inward risk transfers.
The following equation illustrates how to derive claims on an ultimate risk (guarantor) basis:
Total Claims - Outward Risk + Inward Risk = Total Claims
Immediate Risk Basis Transfer Transfer Ultimate Risk (Guarantor) Basis
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Credit derivatives, such as credit default swaps and total return swaps, that belong to the trading book of the
protection buying reporting bank should only be reported under the “Derivatives” category, and all other credit
derivatives should be reported as “Guarantees” by the protection seller (see Guarantees and Other Unused Credit
Commitments below).
Reporting of Credit derivatives Table 3
Buy protection Sell protection
Banking book Risk transfers Guarantees
Trading book Derivatives Guarantees
Derivatives – Ultimate risk (guarantor) basis:
Banks are to provide data on financial claims (i.e., positive market values) resulting from derivative contracts. The
data should be reported on an ultimate risk (guarantor) basis, i.e., the positions should be allocated to the country
where the final risk lies. The data should cover in principle all derivative instruments that are reported in the context
of the BIS regular OTC derivatives statistics. The data thus mainly comprise forwards, swaps and options relating to
foreign exchange, interest rate, equity, commodity, and credit derivative instruments. As previously indicated, credit
derivatives, such as credit default swaps and total return swaps, should only be reported under the item “derivatives
claims” (and at market value) if they are held for trading by a protection-buying reporting bank. Credit derivatives
that are not held for trading, e.g. those held in the banking book, should be reported as “risk transfers” (and at
notional value) by a protection-buying reporting bank. For a protection selling reporting bank, all credit derivatives
(i.e. CDS sold) should be reported as “guarantees”) (see credit derivatives Table 3). Note that CDS sold should be
reported at gross notional values and vis-à-vis the country of the underlying reference entity where the ultimate
(final) risk lies.
Derivatives Valuation
Reporting of financial claims and liabilities resulting from derivatives instruments should be consistent with
“replacement value” and compliant with accounting standards used to produce the balance sheet. All derivatives
instruments with a positive market value should be treated as assets and those with a negative market value as
liabilities. Derivatives should be reported on a contractual, post-novation basis.
For derivatives contracts that involve multiple or two-way payments, such as swaps and forwards, the market value is
the net present value of the payments to be exchanged by counterparties between the reference date and the contract’s
maturity. In other words, forwards and swaps should be recorded as if they were one transaction and not two separate
legs. Consider a foreign exchange (FX) swap in which a bank initially exchanges USD 140 million for EUR 100
million. Table 4 illustrates the notional and market values of the contract at different exchange rates. If the USD
depreciates to EURUSD 1.5, then for the bank that receives USD at maturity the market value of the swap is negative
and so is reported as a liability of USD 10 million. If the USD appreciates to EURUSD 1.3, then for the same bank
the market value is positive and so the swap is reported as an asset.
Example of how to report a foreign exchange swap
Table 4
Reference date
Exchange rate
on reference
date
Instrument
Notional value
(in USD m)
Market value
(in USD m)
t = 0 (initiation) EURUSD 1.4 Assets: derivatives
Liabilities: derivatives
140 (receive USD 140m)
140 (pay EUR 100m)
0
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t + 3 months EURUSD 1.5 Assets: derivatives
Liabilities: derivatives
140 (receive USD140m)
150 (pay EUR 100m)
.
10
t + 6 months
EURUSD 1.3 Assets: derivatives
Liabilities: derivatives
140 (receive USD 140m)
130 (pay EUR 100m)
10
.
Currency of denomination:
For foreign exchange (FX) derivatives, the currency of denomination depends on the market value of the contract on
the reference date. If an FX derivative is reported as an asset (i.e. the market value of the contract is positive), then
the currency of denomination is the currency of the long leg: the currency received at maturity. If an FX derivative is
recorded as a liability (i.e. the market value of the contract is negative), then the currency of denomination is the
currency of the short leg: the currency paid at maturity. The switching between short and long positions reflects the
bank’s net exposure to movements in the exchange rate.
In the example from Table 4, where a bank exchanges USD 140 million for EUR 100 million: if the USD
depreciates to EURUSD 1.5, then the bank that receives USD at maturity will report the swap as a liability of USD
10 million denominated in EUR. If the USD appreciates to EURUSD 1.3, then the same bank will report the swap as
an asset of USD 10 million denominated in USD.
Note that all foreign currency positions are to be converted into Canadian currency for reporting purposes. Guarantees and Other Unused Credit Commitments: Data are to be reported on exposures to the reporting bank via guarantees and unused credit commitments other than guarantees. These are to be reported on an ultimate risk (guarantor) basis, i.e., the positions allocated to the country where the final risk lies. Both types of data should be reported to the extent that they represent the unutilized portion of both binding contractual obligations and any other irrevocable commitments. Performance bonds and other forms of guarantee should only be reported if, in the event of the contingency occurring, the resulting claims would have an impact on total balance sheet claims. Guarantees or commitments that can be cancelled unconditionally are presumed to be revocable and thus should not be included. A more detailed definition of guarantees and other credit commitments and a non-exhaustive list of typical instruments that qualify as guarantees and other credit commitments are provided below. “Guarantees” are contingent liabilities arising from an irrevocable obligation to pay a third-party beneficiary when a client fails to perform some contractual obligation. They include secured, bid and performance bonds, warranties and indemnities, confirmed documentary credits, irrevocable and standby letters of credit, acceptances and endorsements. Guarantees extended also include the contingent liabilities of the protection seller of credit derivatives instruments (see credit derivatives Table 3).
“Other unused credit commitments” are arrangements that irrevocably obligate an institution, at a client’s request, to extend credit in the form of loans, participation in loans, lease financing receivables, mortgages, overdrafts or other loan substitutes or commitments to extend credit in the form of the purchase of loans, securities or other assets. Normally commitments involve a written contract or agreement and some form of consideration, such as a commitment fee. This definition is identical to that used in the Capital Adequacy Return. Include customers’ liability under acceptances (Assets 4 of the month-end balance sheet). Do not include such items as letters of awareness or intent, comfort letters, or similar documents. Contingent liabilities resulting from guarantees and credit commitments should be valued at face value or the maximum possible exposure.
Deposit-Taking Institutions - Reporting Manual Geographical Distribution of Assets
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SPECIFIC INSTRUCTIONS PART I – ASSETS AND OTHER EXPOSURES
Positions on an immediate risk basis
Columns 128, 129 and 90- Deposits with Banks, Central banks and Financial Institutions, and Bank notes and
other coin
Deposits with other banks, central banks and financial institutions are to be reported geographically
according to the location of the institution’s branch where the deposit is held. Banks’ holdings of notes and
coins that are in circulation and commonly used to make payments are also to be reported in these columns.
Due to the impossibility of allocating euro notes to the specific issuing euro area country, these banknotes
and coins are to be allocated as claims on the European central bank (C923).
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International Organization Acronym Head office Counterparty Sector10 Country
group
European Bank for
Reconstruction and Development
EBRD London Non-bank financial
institution
924
European Free Trade
Association
EFTA Geneva Non-financial sector 900
European Investment Bank EIB Luxembourg Non-bank financial
institutions
924
European Organization for
Nuclear Research
CERN Geneva Non-financial sector 900
European Space Agency ESA Paris Non-financial sector
European Stability Mechanism
(prior to 2013 European
Financial Stability Facility)
ESM Luxembourg Non-bank financial
institution
924
European Telecommunications
Satellite Organization
EUTELSAT Paris Non-financial sector 900
European Union EU Brussels Non-financial sector 900
Food and Agriculture
Organization
FAO Rome Non-financial sector 900
Inter-American Development
Bank
IADB Washington Non-bank financial
institution
924
Intergovernmental Council of
Copper Exporting Countries
CIPEC Paris Non-financial sector 900
International Atomic Energy
Agency
IAEA Vienna Non-financial sector 900
International Bank for
Reconstruction and Development
World Bank
IBRD Washington Non-bank financial
institution
924
International Civil Aviation
Organization
ICAO Montreal Non-financial sector 900
International Cocoa Organization ICCO London Non-financial sector 900
International Coffee
Organization
ICO London Non-financial sector 900
International Committee of the
Red Cross
ICRC Geneva Non-financial sector 900
International Cotton Advisory
Committee
ICAC Washington Non-financial sector 900
International Development
Association
IDA Washington Non-bank financial
institution
924
International Finance
Corporation
IFC Washington Non-bank financial
institution
924
International Fund for
Agricultural
Development
IFAD Rome Non-financial sector 900
International Grains Council IGC London Non-financial sector 900
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International Organization Acronym Head office Counterparty Sector10 Country
group
International Jute Study Group IJSG Dhaka Non-financial sector 900
International Labour
Organization
ILO Geneva Non-financial sector 900
International Lead and Zinc
Study
Group
ILZSG Lisbon Non-financial sector 900
International Maritime
Organization
IMO London Non-financial sector 900
International Maritime Satellite
Organization
INMARSAT London Non-financial sector 900
International Monetary Fund IMF Washington Non-bank financial
institution
924
International Olive Oil Council IOOC Madrid Non-financial sector 900
International Rubber Study
Group
IRSG London Non-financial sector 900
International Sugar Organization ISO London Non-financial sector 900
International Telecommunication
Union
ITU Geneva Non-financial sector 900
Islamic Development Bank IDB Jeddah Non-bank financial
institution
924
Latin American Association of
Development Financing
Institutions
ALIDE Lima Non-financial sector 900
Latin American Economic
System
SELA Caracas Non-financial sector 900
Latin American Energy
Organization
OLADE Quito Non-financial sector 900
Latin American Integration
Association
LAIA Montevideo Non-financial sector 900
Latin American Reserve Fund LARF Bogotá Non-bank financial
institution
924
League of Arab States LAS Cairo Non-financial sector 900
Multilateral Investment
Guarantee
Agency
MIGA Washington Non-bank financial
institution
924
Nordic Investment Bank NIB Helsinki Non-bank financial
institution
924
North Atlantic Treaty
Organisation
NATO Brussels Non-financial sector 900
Organisation for Economic Co-
operation and Development
OECD Paris Non-financial sector 900
Organisation of Eastern
Caribbean States
OECS Castries (St
Lucia)
Non-financial sector 900
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International Organization Acronym Head office Counterparty Sector10 Country
group
Organization of American States OAS Washington Non-financial sector 900
Organization of Arab Petroleum
Exporting Countries
OAPEC Safat (Kuwait) Non-financial sector 900
Organization of Central
American States
OCAS San Salvador Non-financial sector 900
Organization of the Petroleum
Exporting Countries
OPEC Vienna Non-financial sector 900
OPEC Fund for International
Development
OFID Vienna Non-bank financial
institution
924
South Asian Association for
Regional Cooperation
SAARC Kathmandu Non-financial sector 900
United Nations Children’s Fund UNICEF New York Non-financial sector 900
United Nations committees,
funds and programmes, other
New York Non-financial sector 900
United Nations Conference on
Trade and Development
UNCTAD Geneva Non-financial sector 900
United Nations Educational,
Scientific and Cultural
Organization
UNESCO Paris Non-financial sector 900
Universal Postal Union UPU Berne Non-financial sector 900
West African Economic and
Monetary Union
WAEMU Ouagadougou Non-bank financial
institution
924
West African Economic
Community
WAEC Ouagadougou Non-financial sector 900
West African Monetary Agency WAMA Freetown(Sierra
Leone)
Non-bank financial
institution
924
Western European Union WEU Brussels Non-financial sector 900
World Council of Churches WCC Geneva Non-financial sector 900
World Health Organization WHO Geneva Non-financial sector 900
World Intellectual Property
Organization
WIPO Geneva Non-financial sector 900
World Meteorological
Organization
WMO Geneva Non-financial sector 900
World Tourism Organization UN WTO Madrid Non-financial sector 900
World Trade Organization WTO Geneva Non-financial sector 900
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LIST OF CENTRAL BANK AND OTHER OFFICIAL MONETARY INSTITUTIONS (not exhaustive)
Country ISO Name of Central Bank City
Afghanistan AF Central Bank of Afghanistan Kabul
Albania AL Bank of Albania Tirana
Algeria DZ Bank of Algeria Algiers
Angola AO National Bank of Angola Luanda
Argentina AR Central Bank of Argentina Buenos Aires
Armenia AM Central Bank of Armenia Yerevan
Aruba AW Central Bank of Aruba Oranjestad
Australia AU Reserve Bank of Australia Sydney
Austria AT Austrian National Bank Vienna
Azerbaijan AZ Central Bank of the Republic of
Azerbaijan
Baku
Bahamas BS Central Bank of the Bahamas Nassau
Bahrain BH Central Bank of Bahrain Manama
Bangladesh BD Bangladesh Bank Dhaka
Barbados BB Central Bank of Barbados Bridgetown
Belarus BY National Bank of the Republic of
Belarus
Minsk
Belgium BE National Bank of Belgium Brussels
Belize BZ Central Bank of Belize Belize City
Bermuda BM Bermuda Monetary Authority Hamilton
Bhutan BT Royal Monetary Authority of Bhutan Thimphu
Bolivia BO Central Bank of Bolivia La Paz
Bosnia and Herzegovina BA Central Bank of Bosnia and Herzegovina Sarajevo
Botswana BW Bank of Botswana Gaborone
Brazil BR Central Bank of Brazil Brasília
Brunei BN Brunei Monetary Board Bandar Seri Begawan
Bulgaria BG Bulgarian National Bank Sofia
Burundi BI Bank of the Republic of Burundi Bujumbura
Cambodia KH National Bank of Cambodia Phnom Penh
Cameroon CM Bank of Central African States
(Cameroon, Central African Republic,
Chad, Congo, Equatorial Guinea,
Gabon)
Yaoundé
Canada CA Bank of Canada Ottawa
Cape Verde CV Bank of Cape Verde Praia
Cayman Islands KY Cayman Islands Monetary Authority Georgetown
Chile
CL Central Bank of Chile Santiago de Chile
China CN People’s Bank of China Beijing
China CN State Administration of Foreign
Exchange
Beijing
Chinese Taipei TW Central Bank of China Taipei
Colombia CO Bank of the Republic Bogotá
Comoros KM Central Bank of The Comoros Moroni
Congo, Democratic Rep. CD Central Bank of Congo Kinshasa
Costa Rica CR Central Bank of Costa Rica San José
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Country ISO Name of Central Bank City
Croatia HR Croatian National Bank Zagreb
Cuba CU Central Bank of Cuba Havana
Curaçao CW Central Bank of Curaçao and Sint
Maarten
Willemstad
Cyprus CY Central Bank of Cyprus Nicosia
Czech Republic CZ Czech National Bank Prague
Denmark DK National Bank of Denmark Copenhagen
Djibouti DJ National Bank of Djibouti Djibouti
Dominican Republic
DO Central Bank of the Dominican Republic Santo Domingo
Ecuador EC Central Bank of Ecuador Quito
Egypt EG Central Bank of Egypt Cairo
El Salvador SV Central Reserve Bank of El Salvador San Salvador
Eritrea ER National Bank of Eritrea Asmara
Estonia EE Bank of Estonia Tallinn
Ethiopia ET National Bank of Ethiopia Addis Ababa
Fiji FJ Reserve Bank of Fiji Suva
Finland FI Bank of Finland Helsinki
France FR Bank of France Paris
French Polynesia PF Institut d’Emission d’Outre-Mer Papeete
Gambia, The GM Central Bank of The Gambia Banjul
Georgia GE National Bank of Georgia Tbilisi
Germany DE European Central Bank Frankfurt am Main
Germany DE Deutsche Bundesbank Frankfurt am Main
Ghana GH Bank of Ghana Accra
Greece GR Bank of Greece Athens
Guatemala GT Bank of Guatemala Guatemala City
Guinea GN Central Bank of the Republic of Guinea Conakry
Guyana GY Bank of Guyana Georgetown
Haiti HT Bank of the Republic of Haiti Port-au-Prince
Honduras HN Central Bank of Honduras Tegucigalpa
Hong Kong SAR HK Hong Kong Monetary Authority Hong Kong SAR
Hungary HU Magyar Nemzeti Bank Budapest
Iceland IS Central Bank of Iceland Reykjavík
India IN Reserve Bank of India Mumbai
Indonesia ID Bank Indonesia Jakarta
Iran IR Central Bank of the Islamic Republic of
Iran
Tehran
Iraq IQ Central Bank of Iraq Baghdad
Ireland IE Central Bank of Ireland Dublin
Israel IL Bank of Israel Jerusalem
Italy IT Bank of Italy Rome
Jamaica JM Bank of Jamaica Kingston
Japan JP Bank of Japan Tokyo
Japan JP Ministry of Finance Tokyo
Jordan JO Central Bank of Jordan Amman
Kazakhstan KZ National Bank of the Republic of
Kazakhstan
Almaty
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Country ISO Name of Central Bank City
Kenya KE Central Bank of Kenya Nairobi
Kiribati KI Bank of Kiribati Tarawa
[South] Korea KR Bank of Korea Seoul
Kuwait KW Central Bank of Kuwait Kuwait
Kyrgyz Republic KG National Bank of the Kyrgyz Republic Bishkek
Laos LA Bank of the Lao People’s Democratic
Republic
Vientiane
Latvia LV Bank of Latvia Riga
Lebanon LB Central Bank of Lebanon Beirut
Lesotho LS Central Bank of Lesotho Maseru
Liberia LR Central Bank of Liberia Monrovia
Libya LY Central Bank of Libya Tripoli
Lithuania LT Bank of Lithuania Vilnius
Luxembourg LU Central Bank of Luxembourg Luxembourg
Macao SAR MO Monetary Authority of Macao Macao SAR
Macedonia, FYR MK National Bank of the Republic of
Macedonia
Skopje
Madagascar MG Central Bank of Madagascar Antananarivo
Malawi MW Reserve Bank of Malawi Lilongwe
Malaysia MY Central Bank of Malaysia Kuala Lumpur
Maldives MV Maldives Monetary Authority Male
Malta MT Central Bank of Malta Valletta
Mauritania MR Central Bank of Mauritania Nouakchott
Mauritius MU Bank of Mauritius Port Louis
Mexico MX Bank of Mexico Mexico City
Moldova MD National Bank of Moldova Chisinau
Mongolia MN Bank of Mongolia Ulan Bator
Morocco MA Bank of Morocco Rabat
Mozambique MZ Bank of Mozambique Maputo
Myanmar MM Central Bank of Myanmar Rangoon
Namibia NA Bank of Namibia Windhoek
Nauru NR Bank of Nauru Nauru
Nepal NP Central Bank of Nepal Kathmandu
Netherlands NL Netherlands Bank Amsterdam
New Caledonia NC Institut d’Emission d’Outre-Mer Nouméa
New Zealand NZ Reserve Bank of New Zealand Wellington
Nicaragua NI Central Bank of Nicaragua Managua
Nigeria NG Central Bank of Nigeria Abuja
North Korea KP Central Bank of Korea Pyongyang
Norway NO Central Bank of Norway Oslo
Oman OM Central Bank of Oman Ruwi, Muscat
Pakistan PK State Bank of Pakistan Karachi
Panama PA National Bank of Panama Panama
Papua New Guinea PG Bank of Papua New Guinea Port Moresby
Paraguay PY Central Bank of Paraguay Asunción
Peru PE Central Reserve Bank of Peru Lima
Philippines PH Bangko Sentral ng Pilipinas Manila
Poland PL National Bank of Poland Warsaw
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Country ISO Name of Central Bank City
Portugal PT Bank of Portugal Lisbon
Qatar QA Qatar Central Bank Doha
Romania RO National Bank of Romania Bucharest
Russia RU Central Bank of the Russian Federation Moscow
Rwanda RW National Bank of Rwanda Kigali
Samoa WS Central Bank of Samoa Apia
San Marino SM San Marinese Institute of Credit San Marino
São Tomé and Príncipe ST Central Bank of São Tomé and Príncipe São Tomé
Saudi Arabia SA Saudi Arabian Monetary Agency Riyadh
Senegal SN Central Bank of West African States
(Benin, Burkina Faso, Côte d’Ivoire,
Guinea-Bissau, Mali, Niger, Senegal and
Togo)
Dakar
Serbia RS National Bank of Serbia Belgrade
Seychelles SC Central Bank of Seychelles Victoria
Sierra Leone SL Bank of Sierra Leone Freetown
Singapore SG Monetary Authority of Singapore Singapore
Slovakia SJ National Bank of Slovakia Bratislava
Slovenia SI Bank of Slovenia Ljubljana
Solomon Islands SB Central Bank of Solomon Islands Honiara
Somalia SO Central Bank of Somalia Mogadishu
South Africa ZA South African Reserve Bank Pretoria
South Sudan SS Bank of South Sudan Juba
Spain ES Bank of Spain Madrid
Sri Lanka LK Central Bank of Sri Lanka Colombo
St Kitts and Nevis KN Eastern Caribbean Central Bank
(Anguilla, Antigua and Barbuda,
Dominica, Grenada, Montserrat, St Kitts
and Nevis, St Lucia, St Vincent and the
Grenadines)
Basseterre, St Kitts
Sudan SD Bank of Sudan Khartoum
Suriname SR Central Bank of Suriname Paramaribo
Swaziland SZ Central Bank of Swaziland Mbabane
Sweden SE Sveriges Riksbank Stockholm
Switzerland CH Bank for International Settlements Basel
Switzerland CH Swiss National Bank Zurich
Syria SY Central Bank of Syria Damascus
Tajikistan TJ National Bank of the Republic of
Tajikistan
Dushanbe
Tanzania TZ Bank of Tanzania Dar es Salaam
Thailand TH Bank of Thailand Bangkok
Tonga TO National Reserve Bank of Tonga Nuku’alofa
Trinidad and Tobago TT Central Bank of Trinidad and Tobago Port-of-Spain
Tunisia TN Central Bank of Tunisia Tunis
Turkey TR Central Bank of the Republic of Turkey Ankara
Turkmenistan TM State Central Bank of Turkmenistan Ashgabat
Tuvalu TV National Bank of Tuvalu Funafuti
Uganda UG Bank of Uganda Kampala
Ukraine UA National Bank of Ukraine Kiev
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Country ISO Name of Central Bank City
United Arab Emirates AE Central Bank of the United Arab
Emirates
Abu Dhabi
United Kingdom GB Bank of England London
United States US Federal Reserve System
(Board of Governors of the Federal
Reserve, Federal Reserve Bank of New
York, 11 other Federal Reserve Banks)
Various locations
Uruguay UY Central Bank of Uruguay Montevideo
Uzbekistan UZ Central Bank of the Republic of
Uzbekistan
Tashkent
Vanuatu VU Reserve Bank of Vanuatu Port Vila
Venezuela VE Central Bank of Venezuela Caracas
Vietnam VN State Bank of Vietnam Hanoi
Wallis and Futuna Islands WF Institut d’Emission d’Outre-Mer
Central
Mata-Utu
Yemen YE Bank of Yemen Sana’a
Zambia ZM Bank of Zambia Lusaka
Zimbabwe ZW Reserve Bank of Zimbabwe Harare
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Bank of Canada and Liabilities Booked Outside of Canada (GR)
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Examples for reporting of individual transactions*
A. Loans and deposits
Immediate risk and outward risk
(where applicable) reporting
Inward risk reporting
Type of
claim
Sector Country Type of
claims
Sector Country
1. A subsidiary of a Canadian bank in Japan has a deposit in local
currency with a branch of a UK bank in Japan
local in local
currency
bank Japan cross-
border
bank UK
2. A subsidiary of a Canadian bank in Japan has extended a foreign
currency loan to a corporate in Japan. The corporate has provided
Canada government treasuries as collateral
local in
foreign
currency
non-financial
corporation
Japan cross-
border
general
government
Canada
3. A subsidiary of a Canadian bank in Japan has extended a loan to a
corporate in the UK in British pound guaranteed by a bank in Japan
cross-border non-financial
corporation
UK local in
foreign
currency
bank Japan
4. A branch of a Canadian bank in Japan has a deposit in Japanese
Yen with a branch of a Japanese bank in Canada
cross-border bank Canada local in
local
currency
bank Japan
5. A subsidiary of a Canadian bank in Mexico has extended a loan to
the US corporate in Mexico in US dollars. The corporate subsidiary
has received an explicit guarantee from its head office
local in
foreign
currency
non-financial
corporation
Mexico cross
border
non-
financial
corporation
US
6. A subsidiary of a Canadian bank in the US has made a US dollar
loan to a corporate in the US. The loan is guaranteed by a corporate
in the UK
local in local
currency
non-financial
corporation
US cross
border
non-
financial
corporation
UK
7. A Canadian bank in the United States has purchased Italian
government securities in a reverse repurchase agreement with a
German bank in the United Kingdom.
cross-border bank UK cross-
border
general
government
Italy
8. A Japanese bank in the United Kingdom has sold UK government
securities to, and entered into a repurchase agreement with, a
Canadian bank in the United Kingdom.
local in local
currency
bank UK local in
local
currency
general
government
UK
* Please note that the term “bank” only refers to either head offices of banks or their legally independent and incorporated subsidiaries, but not to branches of
banks which are referred to separately.
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Examples for reporting of individual transactions*
C. Derivatives
Ultimate risk (guarantor)
Sector Country
1. A branch of a Canadian bank in Japan has bought interest rate derivatives issued by a
branch of a UK bank in Japan
bank UK
2. A subsidiary of a Canadian bank in Japan has bought equity derivatives issued by a
branch of a Canadian bank in Japan
bank Canada
D. Guarantees and credit commitments Ultimate risk (guarantor)
Type Country
1. A subsidiary of a Canadian bank in Japan has guaranteed a loan extended by a
Japanese bank to the branch of a UK bank in Japan
guarantee UK
2. A branch of a Canadian bank in Japan has made a credit commitment to a corporate
in Japan
credit
commitment
Japan
* Please note that the term “bank” only refers to either head offices of banks or their legally independent and incorporated subsidiaries, but not to branches of
banks which are referred to separately.
B. Securities
Immediate risk and outward risk
(where applicable) reporting
Inward risk reporting
Type of
claim
Sector Country Type of
claims
Sector Country
1. A Canadian bank in Japan has purchased securities in US dollars,
issued by a subsidiary of a Japanese bank in the US. The issue of
securities has been explicitly guaranteed by the parent.
cross-border bank US local in
foreign
currency
bank Japan
2. A Canadian bank in UK has purchased securities, issued by a
subsidiary of a US bank in the Japan.
cross-border bank Japan none none none
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DEFINITIONS OF FINANCIAL FLOW SECTORS
Note that the conceptual framework of Financial Flow Sectors set out below speaks only to the Canadian situation.
These sectors and a brief explanation of them are:
I. Provincial and/or Municipal Government
Include transactions with social insurance programs operated by governments (e.g., Workmen's
Compensation Board), non-trusteed public service pension plans operated outside the governmental
budgetary framework (e.g., Public Service Superannuation Fund (Ontario)) and public hospitals.
II. Public Financial and Non-Financial Institutions
These are defined as enterprises which are of a commercial nature and charge a price for their goods and
services related to their costs of production. Typically, these institutions are engaged in manufacturing,
lending, insurance, transportation, communication, the provision of electric power, and the distribution of
liquor through provincial liquor boards.
Institutions included in this category typically are characterized by the following:
(a) the institution must have a statutory basis which directs it to produce a good or a service for sale on the
market at a price related cost,
(b) the institution maintains financial accounts separate from those of the government which established it
and charges costs of production against revenue,
(c) management of the institution is relatively autonomous.
Not included are organizations which:
(a) are wholly or primarily engaged in the business of effective intergovernmental flows of funds (e.g.,
Alberta Capital Finance Authority), or
(b) wholly or primarily engaged in the business of selling their output to the government which established
them. Such organizations are included in their respective government sectors.
A. Public Financial Institutions
Include the Canada Deposit Insurance Corporation, Canada Mortgage and Housing Corporation, Export
Development Canada, Farm Credit Canada, Business Development Bank of Canada and ATB Financial.
B. Public Non-Financial Enterprises
A list of organizations at the federal and provincial levels is provided in the manual. There is no
corresponding list at the municipal level.
The determination for using the municipal category is left at the discretion of the institution.
Deposit-Taking Institutions - Reporting Manual Geographical Distribution of Assets
Bank of Canada and Liabilities Booked Outside of Canada (GR)
Revised: November 2021 Page 37
III. Non-Financial Private Corporations
Includes all corporations and unincorporated branches of foreign corporations operating in Canada, except
financial institutions and government enterprises.