Geographic Assets & Liabilities Booked in Canada (GQ)

Document properties

  • Type of publication: Reporting Manual
  • Revised: November 2021

Return of the Geographical Distribution of Assets and Liabilities Booked in Canada

Purpose

The purpose of this return is to provide foreign currency and Canadian currency information regarding the size and nature of an institution's claims, other exposures, and liabilities to residents of foreign countries and Canada that are booked in Canada. The data are an important source of information for analyzing international banking activity and measuring Canada's balance of payments and international investment position, and are the basis for fulfilling Canada's reporting responsibilities to the Bank for International Settlements.

Statutory

Sections 628 and 600 of the Bank Act and Section 24 of the Bank of Canada Act.

Application

This return applies to all internationally active banks and foreign bank branches. Internationally active banks are defined as banks with positions in any currency vis-à-vis non-resident and positions in foreign currency vis-à-vis residents. Domestic banks with no cross-border positions and/or no local positions in foreign currency and Trust and Loan Companies are not required to submit this return.

Publication

Certain information is published on a total-for-all-institutions basis in the Bank of Canada Banking and Financial Statistics, in Statistics Canada's International Accounts publication, in Statistics Canada's key socioeconomic database (CANSIM) and Highlighted texton 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 within 40 days of the reporting date.

Contact agency

Bank of Canada.

List of country codes

ABCDEFGHIJKLMNOPQRSTUVWXYZ

A. Developed countries
(i) Europe
Andorra403
Austria437
Belgium406
Cyprus481
Denmark409
Estonia529
Faroe Islands479
Finland441
France412
Germany415
Greece445
Greenland480
Iceland449
Ireland418
Italy421
Latvia540
Lithuania541
Liechtenstein453
Luxembourg424
Malta489
Monaco427
Netherlands430
Norway457
Portugal461
San Marino491
Slovak republic552
Slovenia555
Spain465
Sweden469
Switzerland473
United Kingdom124
Vatican433
(ii) Other developed countries
Australia812
Japan135
New Zealand824
United States110
B. Offshore centers
Aruba208
Anguilla274
Antigua and Barbuda207
Bahamas209
Bahrain604
Barbados212
Bermuda215
British Virgin Islands218
Cayman Islands221
Curacao266
Gibraltar485
Guernsey486
Hong Kong SAR658
Isle of Man487
Jersey488
Lebanon620
Macao SAR670
Mauritius758
Montserrat260
Panama363
Panama Canal Zone367
Samoa870
Singapore686
Sint Maarten (Dutch)268
St. Kitts-Nevis Highlighted text(include the Eastern Caribbean Central Bank (ECCB))272
Vanuatu856
C. Developing Countries
(i) Europe
Albania515
Belarus517
Bosnia-Hercegovina519
Bulgaria521
Croatia525
Czech Republic526
Hungary539
Macedonia542
Moldova543
Montenegro559
Poland545
Romania551
Russian Federation553
Serbia558
Turkey477
Ukraine556
(ii) Latin America, Caribbean, and Western Atlantic Islands
Argentina303
Belize307
Bolivia311
Bonaire, St. Eustatius and Saba270
Brazil315
Chile319
Colombia323
Costa Rica327
Cuba224
Dominica227
Dominican Republic230
Ecuador331
El Salvador335
Falkland Islands233
French Guiana339
Guadeloupe239
Grenada236
Guatemala343
Guyana347
Haiti242
Honduras351
Jamaica248
Martinique257
Mexico355
Nicaragua359
Paraguay371
Peru375
Puerto Rico202
St. Barthelemy276
St. Lucia275
St. Martin (French)279
St. Pierre and Miquelon278
St. Vincent281
Suriname379
Trinidad and Tobago287
Turks and Caicos Islands290
Uruguay383
U.S. Virgin Islands205
Venezuela387
(iii) Africa and Middle East
Footnote *Abu Dhabi602
Algeria702
Angola704
Benin (formerly Dahomey)724
Botswana706
Burkina Faso802
Burundi708
Cameroon Republic Highlighted text(include the Bank of Central African States (BEAC))712
Cape Verde Islands714
Central African Republic716
Chad718
Cocos (Keeling) Islands814
Comoros Islands720
Congo, Democratic Republic of (formerly Zaire)804
Congo, People's Republic of722
Côte d'Ivoire742
Footnote *Dubai606
Djibouti730
Egypt608
Equatorial Guinea726
Eritrea727
Ethiopia728
Gabon732
Gambia734
Ghana736
Guinea738
Guinea-Bissau740
Heard and MacDonald Islands816
Iran610
Iraq612
Israel614
Jordan, Hashemite Kingdom of616
Kenya744
Kuwait, State of618
Lesotho746
Liberia748
Libya, Arab Republic of622
Madagascar (Malagasy Republic)750
Malawi752
Mali754
Mauritania756
Morocco760
Mozambique762
Namibia764
Niger766
Nigeria768
Oman626
Palestinian Territory627
Qatar628
Reunion Islands770
Rwanda774
Sao Tomé and Principe778
Saudi Arabia630
Senegal Highlighted text(include the Central Bank of West African States (BCEAO))780
Seychelles782
Sierra Leone784
Somalia786
St. Helena776
South Africa701
South Sudan 791
Sudan790
Swaziland792
Syria632
Tanzania794
Togo796
Tunisia798
Uganda800
Footnote * United Arab Emirates634
Western Sahara788
Yemen, Republic of636
Zambia806
Zimbabwe (formerly Rhodesia)772
(iv) Asia and Pacific
Afghanistan648
American Samoa832
Antarctica834
Armenia647
Azerbaijan649
Bangladesh650
Bhutan, Kingdom of652
British Indian Ocean Territory710
Brunei654
Cambodia664
China, People's Republic of640
Chinese Taipei690
Christmas Island840
Cook Islands826
Fiji842
French Polynesia844
Georgia657
Guam848
India660
Indonesia662
Johnston Island850
Kazakhstan665
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 Republic667
Laos668
Malaysia672
Maldives, Republic of674
Marshall Islands872
Micronesia874
Midway Island852
Mongolia644
Myanmar (formerly Burma)656
Nauru818
Nepal, Kingdom of676
New Caledonia854
Niue Island828
Norfolk Island820
Pacific Islands (Trust Territory)858
Pakistan678
Palau876
Papua New Guinea822
Philippines680
Pitcairn Islands860
Solomon Islands836
Sri Lanka688
Tajikistan691
Thailand692
Timor Leste682
Tokelau or Union Islands830
Tonga862
Turkmenistan693
Tuvalu838
U.S. Miscellaneous864
Uzbekistan695
Vietnam646
Wake Island866
Wallis and Futuna Islands868
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 Settlements915
European Central Bank 923
E. Unallocated
Shipping loans930
Other935
F. Canada146
Totals999

Return to Table note * referrer Report Abu Dhabi and Dubai separately from other members of United Arab Emirates.

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

General instructions

The information reported covers claims, other exposures, and liabilities booked at the Head Office of the institution, at Canadian branches of the institution, at the Head Office or Canadian branches of Canadian Corporations controlled by the institution, or at Canadian branches or offices of foreign corporations controlled by the institution (that is, Canadian units of the institution). 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 domestic and foreign currency claims, other exposures, and liabilities (whether vis-à-vis residents or non-residents) 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.Footnote 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, Germany, Greece (2001), Ireland, Italy, Latvia (2014), Lithuania (2015), Luxembourg, Malta (2008), Netherlands, 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 Highlighted text(guarantor) basis is to be indicated according to a three-digit country code provided on 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 on the month-end balance sheet except derivatives related amounts and 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).

All intra-institution balances (including intra-institution net debit and credit items in transit) with foreign units of the institution are to be reported separately in the memorandum columns 17, 377, 105, 517, 527 and 27 as applicable. Intra-institution balances refer to claims on or liabilities to foreign branches, agencies and consolidated subsidiaries booked in Canada at the Head Office of the institution, at Canadian branches of the institution, at the Head Office or Canadian branches of Canadian Corporations controlled by the institution, or at Canadian branches or offices of foreign corporations controlled by the institution. Equity and retained earnings (column 377) include total share capital, contributed surplus, retained earnings closing balance and any other equity claims between the Canadian reporting entity and its affiliate. Inter-company debt balances (column 105) include all trade and non-trade debt such as loans, advances, overdrafts, mortgages, bonds, operating funds and all other forms of indebtedness between the Canadian reporting entity and its affiliate. Operating funds are defined as a loan provided by the head office or the controlling parent institution of a bank to a legally dependent, unincorporated branch for the purpose of supporting its day-to-day operations.

Foreign Bank Branches are to include all balances vis-à-vis head office, other branches of the same bank and related Canadian regulated financial institutions.

Bearer term deposits, covered bonds, Highlighted textsubordinated 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'.

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 Highlighted textguarantor 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, other financial assets (derivatives), outward risk and inward risk transfers, deposits payable, Highlighted textdebt securities issued and other liabilities (derivatives Highlighted textand repo transactions) are further disaggregated by sector (Banks, Central banks, Non-bank financial institutions, Non-financial corporations, General government, Households, Total non-financial sector - which may include Other international organizations, Highlighted textand 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.

Highlighted textInternational organizations other than those considered central banks do not need to be allocated by sector and may be reported under Unallocated by sector category.

Total immediate risk claims are also broken down by residual term to maturity. 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 "of which" category under total subordinated debt.

Highlighted textBanks' 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.

Derivative contracts are to be reported separately under other financial assets and liabilities and should be excluded from claims, inward and outward transfers.

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.

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).Footnote 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;
  • 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.Footnote 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 (exclude 524210: Insurance agencies and brokerages)
  • Group 526: Funds and other financial vehicles
  • Include: Multilateral development banks (see List of international institutions)Footnote 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 non-financial public corporations.
  • All privately and publicly owned corporations and unincorporated businesses:
  • 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.
  • Group 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.Footnote 5
Unallocated by sector
  • Sector of the counterparty unknown.

Risk transfers:

Highlighted textInformation on claims reported on an immediate risk basis that can be reallocated to the country (and/or sector) where the final risk lies, is to be reported by way of outward and inward risk transfers.

Highlighted textRisk 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.

Highlighted textThe 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.

Highlighted textThe 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.

Highlighted textRisk 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:

Highlighted text(Thousands of Canadian Dollars)
Highlighted textClaims On
(1)
Highlighted textLoans
(2)
Highlighted textOutward Risk
Transfer
(3)
Highlighted textInward Risk
Transfer
(4)
Highlighted text1. Country A Highlighted text1,000 Highlighted text1,000 
Highlighted text2. Country B   Highlighted text1,000

Highlighted textThere are four types of risk transfer recognized by 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.

Highlighted textRisk transfers
Highlighted textTable 1
Highlighted textType of risk transfer Highlighted textCriteria for recognition
Highlighted textParent guarantees to branches Highlighted textBranches 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.
Highlighted textExplicit guarantees from parents to subsidiaries or from third parties Highlighted textGuarantees 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.
Highlighted textCredit derivatives Highlighted textCredit 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.
Highlighted textCollateral Highlighted textAssets 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.

Highlighted textRisk 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.

Highlighted textIf 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.

Highlighted textWhere 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.

Highlighted textTable 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)Footnote 6. Where national prudential standards for recognizing collateral differ from the BCBS's standards, national standards may be followed.

Highlighted textSecurities 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.

Highlighted textCollateral
Highlighted textTable2
Highlighted textType of collateral Highlighted textGuarantor
Highlighted textCurrency (notes and coins) Highlighted textCurrency issuing authority (i.e. central bank)
Highlighted textDeposits Highlighted textBank where the cash is deposited
Highlighted textGold Highlighted textCustodian bank
Highlighted textSecurities Highlighted textIssuer of the security
Highlighted textOther collateral
Highlighted textCommercial real estate Highlighted textNon-financial corporation in the country where the asset is located
Highlighted textResidential real estate Highlighted textHousehold in the country where the asset is located
Highlighted textMovable assets Highlighted textOwner of the asset

Highlighted textIn 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.

Highlighted textWhere 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.

Highlighted textInward 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.

Highlighted textThe following equation illustrates how to derive claims on an ultimate risk (guarantor) basis:

Highlighted textTotal Claims
Highlighted textImmediate Risk Basis
Highlighted text- Highlighted textOutward Risk
Highlighted textTransfer
Highlighted text+ Highlighted textInward Risk
Highlighted textTransfer
Highlighted text= Highlighted textTotal Claims
Highlighted textUltimate Risk (Guarantor) Basis

Total Claims - Outward Risk + Inward Risk = Total Claims

Immediate Risk Basis Transfer Transfer Ultimate Risk (Guarantor) Basis

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
Highlighted textTable3
Buy protectionSell protection
Banking bookRisk transfersGuarantees
Trading bookDerivativesGuarantees

Derivatives - Immediate risk basis:

Report on-balance sheet derivatives instruments with positive market value under assets and derivatives with negative market value under liabilities. The data should cover all booked in Canada derivatives instruments reported on the balance sheet and the positions should be allocated to the country where the immediate counterparty exposure or risk lies. If country of counterparty/sector is difficult to determine, report the position under Unallocated by country (c935) and/or Unallocated by sector (columns 235, 264). For more on the valuation of derivatives see Derivatives Valuation section below.

Derivatives – Ultimate risk Highlighted text(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 Highlighted text(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's regular OTC derivatives statistics. The data thus mainly comprise forwards, swaps and options relating to foreign exchange, interest rate, equity, commodity and credit derivatives 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. Highlighted textDerivatives should be reported on a contractual, post-novation basis.

Highlighted textFor 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.

Highlighted textExample of how to report a foreign exchange swap
Highlighted textTable 4
Highlighted textReference date Highlighted textExchange rate
on reference
date
Highlighted textInstrument Highlighted textNotional value
(in USD m)
Highlighted textMarket value
(in USD m)
Highlighted textt = 0 (initiation) Highlighted textEURUSD 1.4 Highlighted textAssets: derivatives
Liabilities: derivatives
Highlighted text140 (receive USD 140m)
140 (pay EUR 100m)
Highlighted text0
Highlighted textt + 3 months Highlighted textEURUSD 1.5 Highlighted textAssets: derivatives
Liabilities: derivatives
Highlighted text140 (receive USD140m)
150 (pay EUR 100m)
Highlighted text10
Highlighted textt + 6 months
Highlighted textEURUSD 1.3 Highlighted textAssets: derivatives
Liabilities: derivatives
Highlighted text140 (receive USD 140m)
130 (pay EUR 100m)
Highlighted text10

Highlighted textCurrency of denomination:

Highlighted textFor 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.

Highlighted textIn 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.

Highlighted textNote 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 Highlighted text(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 Highlighted textTable 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.

Further instrument definitions and reporting categorizations follows.

Specific instructions

Positions on an immediate risk basis

Part I – Assets and other exposures

Columns 528, 110, 529- Balances 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).

Exclude net debit items in transit.

Columns 3, 364, 200, 201, 202, 203, 204, 205, 206, 367, 207, 208, 209, 210, 211, 212, 213, 370, 214, 215, 216, 217, 218, 219, 220- Securities

Securities are to be reported at balance sheet value, gross of any allowance for impairment and are to be reported geographically according to the country of residence of the issuer. Short-term securities are those with an original term to maturity of one year or less, with the exception of Government of Canada securities where short-term securities are those with a remaining term to maturity of 3 years or less.

Columns 4, 376, 221, 222, 223, 224, 225, 226, 227 - Loans

All loans are to be reported at balance sheet value, gross of any allowance for impairment. Loans include lease receivables. Report reverse repurchase agreements included in loans under "of which" category 227.

Column 6 - Total Claims

Report the total of columns 528, 110, 529, 3, 4, 376, 221, 225 and 226

Columns 99, 11, 112, 400 – Distribution of Total Claims by Residual Term to Maturity

Distribute total claims (column 6) according to residual term to maturity. The maturity distribution should reflect amortization periods or final maturity dates, rather than interest adjustment or rollover dates. Installment loans should be allocated to the periods in which the installment payments are made. Demand loans should be classified as claims with a maturity of one year or less. If a claim involves a sinking fund, use the final maturity date. Equities are to be included in column 400 (unallocated) along with the data for which it is not necessary to report maturity, e.g., deposits with individual banks, securities holdings of specific issues amounting to $200,000 or less, and loans made under authorization of $200,000 or less.

Columns 17, 377, 105 and 517 - Total Head Office Claims on Foreign Branches, Agencies and Consolidated Subsidiaries (Inter-office positions)

Report claims on foreign branches, agencies and consolidated subsidiaries booked in Canada at the Head Office of the bank, at Canadian branches of the bank, at the Head Office or Canadian branches of Canadian Corporations controlled by the bank, or at Canadian branches or offices of foreign corporations controlled by the bank. Equity and retained earnings (column 377) include total share capital, contributed surplus, retained earnings closing balance and any other equity claims between the Canadian reporting entity and its affiliate. Inter-company debt balances (column 105) include all trade and non-trade debt such as loans, advances, overdrafts, mortgages, bonds, operating funds and all other forms of indebtedness between the Canadian reporting entity and its affiliates. Intra-institution claims on banks are also to be reported in column 517. Foreign bank branches are to report in columns 17, 377, 105 and 517 amounts vis-à-vis head office, other branches of the same bank and Canadian regulated financial institutions.

Claims - Risk transfers

Columns 401, 236, 237, 238, 239, 240, 241, 242 and 404 Outward Risk Transfers

Report the amounts in column 6 which are guaranteed or assured through some type of commitment by a party in another country or by another sector in the same country (see general instructions).

Columns 411, 243, 244, 245, 246, 247, 248, 249 and 414 - Inward Risk Transfers

Report the amount of any guarantees and other types of credit commitments made by residents of each country related to claims that the reporting bank has on residents of other countries or by another sector in the same country (see general instructions).

Other financial assets

Columns 228, 229, 230, 231, 232, 233, 234 and 235 – Derivatives – Immediate Risk basis

Report all on balance sheet derivative instruments with positive market value. Note that derivative contracts are excluded from total claims (6).

Positions on an ultimate risk Highlighted text(guarantor) basis

Column 420 – Total Claims Ultimate Risk Highlighted text(Guarantor) Basis

Report the total of columns 6 less 404 plus 414.

Columns 421, 422 – Unused Credit Commitments

Report separate amounts for "guarantees" and "other" types of unused credit commitments on an ultimate risk Highlighted text(guarantor) basis (see general instructions). When the currency of future borrowings is not known at the reporting date, report such commitments under the currency in which the maximum authorized drawdown for the loan is stated.

Column 423 – Derivatives

Report the market value of OTC derivative contracts on an ultimate risk Highlighted text(guarantor) basis (see general instructions).

Part II - Liabilities

Highlighted textColumns 900, 905, 910, 915, 920, 925, 930 and 935 - Deposits Payable

Highlighted textReport debt instruments that are not negotiable and are represented by evidence of a deposit.

Column Highlighted text900 - Deposits Payable to Banks

Deposits payable to other banks are to be classified geographically according to the residency of the branch of the depositing institution. Report deposits payable to central banks and other official monetary authorities separately. Exclude net credit items in transit.

Column Highlighted text905 - Deposits Payable to Central banks and Other Official Monetary Authorities

Include deposits payable to central banks and other official monetary authorities (see List of central banks and other official monetary authorities).

Columns Highlighted text910, 915, 920, 925, 930, 935 - Deposits Payable to Non-banks Highlighted textand unallocated by sector

Report deposits payable to Financial institutions, Non-financial corporations, General government, Households, Total non-financial sector and deposits unallocated by sector.

Highlighted textColumns 700, 705, 710, 715, 720, 725, 730, 735, 740 and 745 – Debt Securities Issued

Highlighted textColumns 700, 705, 710, 715, 720, 725, 730, 735

Highlighted textReport debt securities that are negotiable financial instruments serving as evidence of a debt. Negotiability refers to the fact that legal ownership of the instrument is readily capable of being transferred from one owner to another by delivery or endorsement. While any financial instrument can potentially be traded, negotiable instruments are designed to be traded on an organized exchange or "over the counter" (OTC), although actual trading is not a necessary condition for negotiability. The OTC market involves parties negotiating directly with one another, rather than on a public exchange.Footnote 7.

Highlighted textThe most common types of debt security include bills, bonds, notes, negotiable certificates of deposit, commercial paper, debentures, asset-backed securities, and similar instruments normally traded in the financial markets that serve as evidence of a debt.

Highlighted textCommon types of debt security are those sold on:

  • Highlighted textA coupon basis, stipulating that periodic interest, or coupon payments will be made during the life of the instrument and that the principal will be repaid at maturity.
  • Highlighted textAn amortized basis, stipulating that interest and principal payments will be made in installments during the life of the instrument.
  • Highlighted textA discount, or zero-coupon basis, whereby a debt security is issued at a price that is less than its face (or par) value, and the interest and principal are paid at maturity.
  • Highlighted textA deep discount basis, whereby a debt security is issued at a price that is less than face value, and the principal and a substantial part of the interest are paid at maturity.
  • Highlighted textAn indexed basis, which ties the amount of interest and/or principal payment to a reference index, such as a price index or an exchange rate index, or to the price of a commodity (e.g., gold)
    (See Table 5 for list of Types of debt securities)

Highlighted textColumn 740 ("of which" category)

Highlighted textReport debt securities included in categories 700, 705, 710, 715, 720, 725, 730, 735 with an original term to maturity of one year or less.

Highlighted textColumn 745 ("of which" category)

Highlighted textReport long term debt securities (original maturity over one year) included in categories 700, 705, 710, 715, 720, 725, 730, 735 with remaining term to maturity of one year or less.

Column 22 - Total of all Deposits Payable Highlighted textand Debt Securities Issued

Report the total of columns Highlighted text900, 905, 910, 930, 935, 700, 705, 710, 730, 735.

Columns 27, 527 - Total Liabilities to Foreign Branches and Agencies, and Consolidated Subsidiaries (Inter-office positions)

Report total liabilities to foreign branches, agencies and consolidated subsidiaries booked in Canada at the Head Office of the bank, at Canadian branches of the bank, at the Head Office or Canadian branches of Canadian Corporations controlled by the bank, or at Canadian branches or offices of foreign corporations controlled by the bank. Intra-institution liabilities to banks are also to be reported in column 527. Foreign bank branches are to report in column 27 and 527 amounts vis-à-vis head office and other branches of the same bank and related Canadian regulated financial institutions.

Columns 664, 256 - Subordinated Debt

Report subordinated debt outstanding. If residency of the holder is unknown, report these amounts in Section E (country code 935). Subordinated debt with a remaining maturity of up to and including one year should also be reported under column 256.

Other Liabilities

Columns 257, 258, 259, 260, 261, 262, 263 and 264 – Derivatives

Report all on-balance sheet derivative instruments with negative market value.

Columns Highlighted text800, 805, 810, 815, 820, 830, 835, 265 – Repurchase agreements

Repurchase agreements are to be reported geographically according to the Highlighted textsectorFootnote 8 and location of the repo counterparty.

Reconciliation with Month end Balance Sheet Highlighted text(T2 report)

All banks are required, as at the end of each calendar quarter, to reconcile the information reported on this return with that reported on the month end balance sheet (M4).

The Quarterly reconciliation of the geographical distribution return with the consolidated monthly return of assets and liabilities (T2) is to be submitted within 40 days of the calendar quarter. Banks that also report the booked outside Canada return (GR) should submit their reconciliation within 60 days of the calendar quarter.

Positions to be reported are shown below:

Claims

Total currency and foreign currency claims (excluding cash and cash equivalent) reported in the Geographical Return as at the end of the calendar quarter:

  • Columns 6-528-110-529

Total currency and foreign currency amounts excluded from Quarterly Geographical Return:

  • Individual and Group Allowance, Other
  • Other (specify)

Total currency and foreign currency claims (excluding cash and cash equivalents) reported in consolidated monthly balance sheet as at the end of the calendar quarter:

  • M4 Section 1-Assets, 2, 3

Deposits

Total currency and foreign currency deposits reported in the Geographical Return as at the end of the calendar quarter:

  • Columns 22, 664

Total currency and foreign currency amounts excluded from Quarterly Geographical Return:

  • Specify

Total currency and foreign currency deposits reported in consolidated monthly balance sheet as at the end of the
calendar quarter:

  • Section II – Liabilities, 1, 2 and 7
Highlighted textTypes of debt securities
Highlighted textTable 5
Highlighted textSecurity type Highlighted textSubtype
Highlighted textBonds Highlighted textDebentures
Highlighted textBonds Highlighted textNotes
Highlighted textBonds Highlighted textSinking fund bonds
Highlighted textBonds Highlighted textSerial bonds
Highlighted textBonds Highlighted textMortgage bonds
Highlighted textBonds Highlighted textDiscount bonds
Highlighted textBonds Highlighted textZero coupon bonds
Highlighted textBonds Highlighted textPerpetual bonds
Highlighted textBonds Highlighted textConvertible bonds
Highlighted textBonds Highlighted textMedium term notes
Highlighted textBonds Highlighted textStripped bonds
Highlighted textBonds Highlighted textReal return bonds
Highlighted textBonds Highlighted textInstallment bonds
Highlighted textBonds Highlighted textCovered Bond
Highlighted textBonds Highlighted textDeposit Note
Highlighted textBonds Highlighted textAsset-Backed Security
Highlighted textMoney Market Highlighted textBearer demand note
Highlighted textMoney Market Highlighted textBanker's acceptance
Highlighted textMoney Market Highlighted textCommercial paper
Highlighted textMoney Market Highlighted textCertificate of deposit
Highlighted textMoney Market Highlighted textTreasury bill
List of International organizations (not exhaustiveFootnote 9)
International OrganizationAcronymHead officeCounterparty SectorFootnote 10Country group
African Development Bank GroupAfDBAbidjanNon-bank financial institution924
African UnionAUAddis AbabaNon-financial sector900
Andean Development CorporationADCCaracasNon-bank financial institution924
Arab Bank for Economic Development in AfricaBADEAKhartoumNon-bank financial institution924
Arab Fund for Economic and Social DevelopmentAFESDKuwaitNon-bank financial institution924
Arab Monetary FundAMFAbu DhabiNon-bank financial institution924
Asian Clearing UnionACUTehranNon-bank financial institution924
Asian Development BankADBManilaNon-bank financial institution924
Association of Southeast Asian NationsASEANJakartaNon-financial sector900
Caribbean Community and Common MarketCARICOMGeorgetown (Guyana)Non-financial sector900
Caribbean Development BankCDBSt Michael (Barbados)Non-bank financial institution924
Central African States Development BankCASDBBrazzavilleNon-bank financial institution924
Central American Bank for Economic IntegrationCABEITegucigalpaNon-bank financial institution924
Central American Common MarketCACMGuatemala CityNon-financial sector900
Colombo PlanColomboNon-financial sector900
Council of EuropeCEStrasbourgNon-financial sector900
Council of Europe Development BankParisNon-bank financial institution924
East African Development BankEADBKampalaNon-bank financial institution924
Economic Community of West African StatesECOWASLagosNon-financial sector900
European Atomic Energy CommunityEuratomBrusselsNon-financial sector900
European Bank for Reconstruction and DevelopmentEBRDLondonNon-bank financial institution924
European Free Trade AssociationEFTAGenevaNon-financial sector900
European Investment BankEIBLuxembourgNon-bank financial institution924
European Organization for Nuclear ResearchCERNGenevaNon-financial sector900
European Space AgencyESAParisNon-financial sector900
European Stability Mechanism (prior to 2013 European Financial Stability Facility)ESMLuxembourgNon-bank financial institution924
European Telecommunications Satellite OrganizationEUTELSATParisNon-financial sector900
European UnionEUBrusselsNon-financial sector900
Food and Agriculture OrganizationFAORomeNon-financial sector900
Inter-American Development BankIADBWashingtonNon-bank financial institution924
Intergovernmental Council of
Copper Exporting Countries
CIPECParisNon-financial sector900
International Atomic Energy AgencyIAEAViennaNon-financial sector900
International Bank for Reconstruction and Development World BankIBRDWashingtonNon-bank financial institution924
International Civil Aviation OrganizationICAOMontrealNon-financial sector900
International Cocoa OrganizationICCOLondonNon-financial sector900
International Coffee OrganizationICOLondonNon-financial sector900
International Committee of the Red CrossICRCGenevaNon-financial sector900
International Cotton Advisory CommitteeICACWashingtonNon-financial sector900
International Development AssociationIDAWashingtonNon-bank financial institution924
International Finance CorporationIFCWashingtonNon-bank financial institution924
International Fund for Agricultural
Development
IFADRomeNon-financial sector900
International Grains CouncilIGCLondonNon-financial sector900
International Jute Study GroupIJSGDhakaNon-financial sector900
International Labour OrganizationILOGenevaNon-financial sector900
International Lead and Zinc Study
Group
ILZSGLisbonNon-financial sector900
International Maritime OrganizationIMOLondonNon-financial sector900
International Maritime Satellite
Organization
INMARSATLondonNon-financial sector900
International Monetary FundIMFWashingtonNon-bank financial institution924
International Olive Oil CouncilIOOCMadridNon-financial sector900
International Rubber Study GroupIRSGLondonNon-financial sector900
International Sugar OrganizationISOLondonNon-financial sector900
International Telecommunication
Union
ITUGenevaNon-financial sector900
Islamic Development BankIDBJeddahNon-bank financial institution924
Latin American Association of Development Financing InstitutionsALIDELimaNon-financial sector900
Latin American Economic SystemSELACaracasNon-financial sector900
Latin American Energy
Organization
OLADEQuitoNon-financial sector900
Latin American Integration AssociationLAIAMontevideoNon-financial sector900
Latin American Reserve FundLARFBogotáNon-bank financial institution924
League of Arab StatesLASCairoNon-financial sector 
Multilateral Investment Guarantee
Agency
MIGAWashingtonNon-bank financial institution924
Nordic Investment BankNIBHelsinkiNon-bank financial institution924
North Atlantic Treaty OrganisationNATOBrusselsNon-financial sector900
Organisation for Economic Co- operation and DevelopmentOECDParisNon-financial sector900
Organisation of Eastern Caribbean StatesOECSCastries (St Lucia)Non-financial sector900
Organization of American StatesOASWashingtonNon-financial sector900
Organization of Arab Petroleum Exporting CountriesOAPECSafat (Kuwait)Non-financial sector900
Organization of Central American StatesOCASSan SalvadorNon-financial sector900
Organization of the Petroleum Exporting CountriesOPECViennaNon-financial sector900
OPEC Fund for International DevelopmentOFIDViennaNon-bank financial institution924
South Asian Association for Regional CooperationSAARCKathmanduNon-financial sector900
United Nations Children's FundUNICEFNew YorkNon-financial sector900
United Nations committees, funds and programmes, otherNew YorkNon-financial sector900
United Nations Conference on Trade and DevelopmentUNCTADGenevaNon-financial sector900
United Nations Educational, Scientific and Cultural OrganizationUNESCOParisNon-financial sector900
Universal Postal UnionUPUBerneNon-financial sector900
West African Economic and
Monetary Union
WAEMUOuagadougouNon-bank financial institution924
West African Economic CommunityWAECOuagadougouNon-financial sector900
West African Monetary AgencyWAMAFreetown(Sierra Leone)Non-bank financial institution924
Western European UnionWEUBrusselsNon-financial sector900
World Council of ChurchesWCCGenevaNon-financial sector900
World Health OrganizationWHOGenevaNon-financial sector900
World Intellectual Property OrganizationWIPOGenevaNon-financial sector900
World Meteorological OrganizationWMOGenevaNon-financial sector900
World Tourism OrganizationUN WTOMadridNon-financial sector900
World Trade OrganizationWTOGenevaNon-financial sector900
List of central banks and other official monetary institutions (not exhaustive)
CountryISOName of Central BankCity
AfghanistanAFCentral Bank of AfghanistanKabul
AlbaniaALBank of AlbaniaTirana
AlgeriaDZBank of AlgeriaAlgiers
AngolaAONational Bank of AngolaLuanda
ArgentinaARCentral Bank of ArgentinaBuenos Aires
ArmeniaAMCentral Bank of ArmeniaYerevan
ArubaAWCentral Bank of ArubaOranjestad
AustraliaAUReserve Bank of AustraliaSydney
AustriaATAustrian National BankVienna
AzerbaijanAZCentral Bank of the Republic of AzerbaijanBaku
BahamasBSCentral Bank of the BahamasNassau
BahrainBHCentral Bank of BahrainManama
BangladeshBDBangladesh BankDhaka
BarbadosBBCentral Bank of BarbadosBridgetown
BelarusBYNational Bank of the Republic of BelarusMinsk
BelgiumBENational Bank of BelgiumBrussels
BelizeBZCentral Bank of BelizeBelize City
BermudaBMBermuda Monetary AuthorityHamilton
BhutanBTRoyal Monetary Authority of BhutanThimphu
BoliviaBOCentral Bank of BoliviaLa Paz
Bosnia and HerzegovinaBACentral Bank of Bosnia and HerzegovinaSarajevo
BotswanaBWBank of BotswanaGaborone
BrazilBRCentral Bank of BrazilBrasília
BruneiBNBrunei Monetary BoardBandar Seri Begawan
BulgariaBGBulgarian National BankSofia
BurundiBIBank of the Republic of BurundiBujumbura
CambodiaKHNational Bank of CambodiaPhnom Penh
CameroonCMBank of Central African States (Cameroon, Central African Republic, Chad, Congo, Equatorial Guinea, Gabon)Yaoundé
CanadaCABank of CanadaOttawa
Cape VerdeCVBank of Cape VerdePraia
Cayman IslandsKYCayman Islands Monetary AuthorityGeorgetown
ChileCLCentral Bank of ChileSantiago de Chile
ChinaCNPeople's Bank of ChinaBeijing
ChinaCNState Administration of Foreign ExchangeBeijing
Chinese TaipeiTWCentral Bank of ChinaTaipei
ColombiaCOBank of the RepublicBogotá
ComorosKMCentral Bank of The ComorosMoroni
Congo, Democratic Rep.CDCentral Bank of CongoKinshasa
Costa RicaCRCentral Bank of Costa RicaSan José
CroatiaHRCroatian National BankZagreb
CubaCUCentral Bank of CubaHavana
CuraçaoCWCentral Bank of Curaçao and Saint MaartenWillemstad
CyprusCYCentral Bank of CyprusNicosia
Czech RepublicCZCzech National BankPrague
DenmarkDKNational Bank of DenmarkCopenhagen
DjiboutiDJNational Bank of DjiboutiDjibouti
Dominican RepublicDOCentral Bank of the Dominican RepublicSanto Domingo
EcuadorECCentral Bank of EcuadorQuito
EgyptEGCentral Bank of EgyptCairo
El SalvadorSVCentral Reserve Bank of El SalvadorSan Salvador
EritreaERNational Bank of EritreaAsmara
EstoniaEEBank of EstoniaTallinn
EthiopiaETNational Bank of EthiopiaAddis Ababa
FijiFJReserve Bank of FijiSuva
FinlandFIBank of FinlandHelsinki
FranceFRBank of FranceParis
French PolynesiaPFInstitut d'Emission d'Outre-MerPapeete
Gambia, TheGMCentral Bank of The GambiaBanjul
GeorgiaGENational Bank of GeorgiaTbilisi
GermanyDEEuropean Central BankFrankfurt am Main
GermanyDEDeutsche BundesbankFrankfurt am Main
GhanaGHBank of GhanaAccra
GreeceGRBank of GreeceAthens
GuatemalaGTBank of GuatemalaGuatemala City
GuineaGNCentral Bank of the Republic of GuineaConakry
GuyanaGYBank of GuyanaGeorgetown
HaitiHTBank of the Republic of HaitiPort-au-Prince
HondurasHNCentral Bank of HondurasTegucigalpa
Hong Kong SARHKHong Kong Monetary AuthorityHong Kong SAR
HungaryHUMagyar Nemzeti BankBudapest
IcelandISCentral Bank of IcelandReykjavík
IndiaINReserve Bank of IndiaMumbai
IndonesiaIDBank IndonesiaJakarta
IranIRCentral Bank of the Islamic Republic of IranTehran
IraqIQCentral Bank of IraqBaghdad
IrelandIECentral Bank of IrelandDublin
IsraelILBank of IsraelJerusalem
ItalyITBank of ItalyRome
JamaicaJMBank of JamaicaKingston
JapanJPBank of JapanTokyo
JapanJPMinistry of FinanceTokyo
JordanJOCentral Bank of JordanAmman
KazakhstanKZNational Bank of the Republic of KazakhstanAlmaty
KenyaKECentral Bank of KenyaNairobi
KiribatiKIBank of KiribatiTarawa
[South] KoreaKRBank of KoreaSeoul
KuwaitKWCentral Bank of KuwaitKuwait
Kyrgyz RepublicKGNational Bank of the Kyrgyz RepublicBishkek
LaosLABank of the Lao People‟s Democratic RepublicVientiane
LatviaLVBank of LatviaRiga
LebanonLBCentral Bank of LebanonBeirut
LesothoLSCentral Bank of LesothoMaseru
LiberiaLRCentral Bank of LiberiaMonrovia
LibyaLYCentral Bank of LibyaTripoli
LithuaniaLTBank of LithuaniaVilnius
LuxembourgLUCentral Bank of LuxembourgLuxembourg
Macao SARMOMonetary Authority of MacaoMacao SAR
Macedonia, FYRMKNational Bank of the Republic of
Macedonia
Skopje
MadagascarMGCentral Bank of MadagascarAntananarivo
MalawiMWReserve Bank of MalawiLilongwe
MalaysiaMYCentral Bank of MalaysiaKuala Lumpur
MaldivesMVMaldives Monetary AuthorityMale
MaltaMTCentral Bank of MaltaValletta
MauritaniaMRCentral Bank of MauritaniaNouakchott
MauritiusMUBank of MauritiusPort Louis
MexicoMXBank of MexicoMexico City
MoldovaMDNational Bank of MoldovaChisinau
MongoliaMNBank of MongoliaUlan Bator
MoroccoMABank of MoroccoRabat
MozambiqueMZBank of MozambiqueMaputo
MyanmarMMCentral Bank of MyanmarRangoon
NamibiaNABank of NamibiaWindhoek
NauruNRBank of NauruNauru
NepalNPCentral Bank of NepalKathmandu
NetherlandsNLNetherlands BankAmsterdam
New CaledoniaNCInstitut d'Emission d'Outre-MerNouméa
New ZealandNZReserve Bank of New ZealandWellington
NicaraguaNICentral Bank of NicaraguaManagua
NigeriaNGCentral Bank of NigeriaAbuja
North KoreaKPCentral Bank of KoreaPyongyang
NorwayNOCentral Bank of NorwayOslo
OmanOMCentral Bank of OmanRuwi, Muscat
PakistanPKState Bank of PakistanKarachi
PanamaPANational Bank of PanamaPanama
Papua New GuineaPGBank of Papua New GuineaPort Moresby
ParaguayPYCentral Bank of ParaguayAsunción
PeruPECentral Reserve Bank of PeruLima
PhilippinesPHBangko Sentral ng PilipinasManila
PolandPLNational Bank of PolandWarsaw
PortugalPTBank of PortugalLisbon
QatarQAQatar Central BankDoha
RomaniaRONational Bank of RomaniaBucharest
RussiaRUCentral Bank of the Russian FederationMoscow
RwandaRWNational Bank of RwandaKigali
SamoaWSCentral Bank of SamoaApia
San MarinoSMSan Marinese Institute of CreditSan Marino
São Tomé and PríncipeSTCentral Bank of São Tomé and PríncipeSão Tomé
Saudi ArabiaSASaudi Arabian Monetary AgencyRiyadh
SenegalSNCentral Bank of West African States (Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo)Dakar
SerbiaRSNational Bank of SerbiaBelgrade
SeychellesSCCentral Bank of SeychellesVictoria
Sierra LeoneSLBank of Sierra LeoneFreetown
SingaporeSGMonetary Authority of SingaporeSingapore
SlovakiaSJNational Bank of SlovakiaBratislava
SloveniaSIBank of SloveniaLjubljana
Solomon IslandsSBCentral Bank of Solomon IslandsHoniara
SomaliaSOCentral Bank of SomaliaMogadishu
South AfricaZASouth African Reserve BankPretoria
South SudanSSBank of South SudanJuba
SpainESBank of SpainMadrid
Sri LankaLKCentral Bank of Sri LankaColombo
St Kitts and NevisKNEastern Caribbean Central Bank (Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, St Kitts and Nevis, St Lucia, St Vincent and the Grenadines)Basseterre, St Kitts
SudanSDBank of SudanKhartoum
SurinameSRCentral Bank of SurinameParamaribo
SwazilandSZCentral Bank of SwazilandMbabane
SwedenSESveriges RiksbankStockholm
SwitzerlandCHBank for International SettlementsBasel
SwitzerlandCHSwiss National BankZurich
SyriaSYCentral Bank of SyriaDamascus
TajikistanTJNational Bank of the Republic of TajikistanDushanbe
TanzaniaTZBank of TanzaniaDar es Salaam
ThailandTHBank of ThailandBangkok
TongaTONational Reserve Bank of TongaNuku'alofa
Trinidad and TobagoTTCentral Bank of Trinidad and TobagoPort-of-Spain
TunisiaTNCentral Bank of TunisiaTunis
TurkeyTRCentral Bank of the Republic of TurkeyAnkara
TurkmenistanTMState Central Bank of TurkmenistanAshgabat
TuvaluTVNational Bank of TuvaluFunafuti
UgandaUGBank of UgandaKampala
UkraineUANational Bank of UkraineKiev
United Arab EmiratesAECentral Bank of the United Arab EmiratesAbu Dhabi
United KingdomGBBank of EnglandLondon
United StatesUSFederal Reserve System
(Board of Governors of the Federal Reserve, Federal Reserve Bank of New York, 11 other Federal Reserve Banks)
Various locations
UruguayUYCentral Bank of UruguayMontevideo
UzbekistanUZCentral Bank of the Republic of UzbekistanTashkent
VanuatuVUReserve Bank of VanuatuPort Vila
VenezuelaVECentral Bank of VenezuelaCaracas
VietnamVNState Bank of VietnamHanoi
Wallis and Futuna IslandsWFInstitut d'Emission d'Outre-Mer
Central
Mata-Utu
YemenYEBank of YemenSana'a
ZambiaZMBank of ZambiaLusaka
ZimbabweZWReserve Bank of ZimbabweHarare
Examples for reporting of individual transactionsExamples for reporting of individual transactionsNote *
A. Loans and depositsImmediate risk and outward risk (where applicable) reportingInward risk reporting
Type of claimSectorCountryType of claimsSectorCountry
1. A Canadian bank has extended a loan to a corporate in Japan which is backed by a guarantee from a bank in the UKcross-bordernon-financial corporationJapancross borderbankUK
2. A Canadian bank has extended a loan to a corporate in Japan in Japanese Yen which is backed by a guarantee from a bank in Canadacross-bordernon-financial corporationJapanlocal in foreign currencybankCanada
3. A Canadian bank has a deposit with a branch of a Japanese bank in the UKcross-borderbankUKcross borderbankJapan
4. A Canadian bank has extended a loan to a corporate in Japan. The corporate has provided UK government securities as collateralcross-bordernon-financial corporationJapancross bordergeneral governmentUK
5. A Japanese bank in Canada has extended a loan to a corporate in Japancross-bordernon-financial corporationJapannonenonenone
6. A Canadian bank has extended a loan to a corporate in Japan. In order to hedge the counterparty risk, the Canadian bank has bought a credit derivative issued by a bank in the UKcross-bordernon-financial corporationJapancross borderbankUK
7. A Korean bank in Canada has extended a loan to a bank in Japancross-borderbankJapannonenonenone
8. A Canadian bank has extended a loan to a subsidiary of a Japanese bank in the UK. The subsidiary has not received an explicit guarantee from its head officecross-borderbankUKnonenonenone
9. A Canadian bank has extended a loan to a subsidiary of a Japanese bank in the UK. The subsidiary has received an explicit guarantee from its head officecross-borderbankUKcross borderbankJapan
10. A Canadian bank has extended a loan to the US corporate in the US. The loan is guaranteed by a bank in the UScross-bordernon-financial corporationUScross borderbankUS
11. A Canadian bank has extended a loan in Canadian currency to US corporate in the US. The loan is guaranteed by a bank in Canada.cross-bordernon-financial corporationUSlocal in local currencybankCanada
12. A Canadian bank has extended a loan in Canadian currency to a corporate residing in Canada. The loan is guaranteed by a bank in Hong Kong.local in local currencynon-financial corporationCanadacross borderbankHong Kong
13. A Canadian bank has extended a loan in Canadian currency to a bank residing in Canada. The loan is guaranteed by corporate in Canada.local in local currencybankCanadalocal in local currencynon-financial corporationCanada
14. A branch of a Japanese bank in Canada has extended a loan to a corporate in the United Kingdomcross-bordernon-fin. corporationUKnonenonenone
Highlighted text15. A Canadian bank has entered into Reverse REPO transaction with a US bank. The underlying collateral is Equity Securities issued by UK corporation. Highlighted textcross-border Highlighted textbank Highlighted textUS Highlighted textcross-border Highlighted textnon-financial corporation Highlighted textUK
Highlighted text16. A Canadian bank has entered into Reverse REPO transaction with a subsidiary of a French bank in UK. The underlying collateral is Equity Securities listed on main index (Country UK) issued by UK corporation. There is no explicit Guarantee from the Parent. Highlighted textcross-border Highlighted textbank Highlighted textUK Highlighted textcross-border Highlighted textnon-financial corporation Highlighted textUK
Highlighted text17. A Canadian bank has entered into Reverse REPO transaction with a subsidiary of a French bank in UK. The underlying collateral is Equity Securities listed on main index (Country UK) issued by UK bank. There is an explicit Guarantee from the Parent. Highlighted textcross-border Highlighted textbank Highlighted textUK Highlighted textcross-border Highlighted textbank Highlighted textUK/FRNote **
Highlighted text18. A Canadian bank has entered into Reverse REPO transaction with a branch of UK bank in US. The underlying collateral is Equity Securities listed on main index (Country USA) issued by US non-bank financial institution. Highlighted textcross-border Highlighted textbank Highlighted textUS Highlighted textcross-border Highlighted textnon-bank financial institution/bank Examples for reporting of individual transactionsNote ** Highlighted textUS/UKNote **

Return to transaction note referrer * 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. In addition, the term "none" is meant to be a short version for "no reporting required".

Return to transaction note referrer **Highlighted textClaim is protected by two entities. See Risk Transfer section for reporting guidelines.

B. SecuritiesImmediate risk and outward risk (where applicable) reporting Inward risk reporting
Type of claimSectorCountryType of claimsSectorCountry
1. A Canadian bank has purchased securities issued by a Japanese bank against credit card claims on Japanese householdscross- borderbankJapancross-borderhouseholdsJapan
2. A Canadian bank has purchased a Canadian dollar securities issued by a branch of a Japanese bank in Canadalocal in local currencybankCanadacross-borderbankJapan
3. A Korean bank in Canada has purchased UK government securitiescross- bordergeneral governmentUKnonenonenone
C. DerivativesImmediate risk Ultimate risk Highlighted text(guarantor)
SectorCountrySectorCountry
1. Canadian bank has bought credit derivatives issued by a UK bank in the United Kingdom which are recorded in the trading book of the Canadian bankbankUKbankUK
2. A Canadian bank has bought interest rate derivatives issued by a branch of a Japanese bank in the United KingdombankUKbankJapan
3. A Canadian bank has bought equity derivatives issued by another Canadian bank in Canada. The bank has provided UK government securities as collateralbankCanadageneral governmentUK
4. A Japanese bank in Canada has bought credit derivatives issued by a bank in Japan which are recorded in the trading book of the Japanese bank in CanadabankJapanbankJapan
D. Guarantees and credit commitments Ultimate risk Highlighted text(guarantor)
TypeCountry
1. A Canadian bank has guaranteed a loan extended by a bank in Japan to the branch of a UK bank in Hong KongguaranteeUK
2. A Canadian bank has made a credit commitment to a corporate in the UKcredit
commitment
UK
3. A Canadian bank has made a credit commitment to a branch of a UK bank in Japancredit
commitment
UK
4. A Canadian bank has sold a credit derivative on a German corporate to a branch of a Japanese bank in the UKguaranteeGermany

5. A Korean bank in Canada has guaranteed a loan extended by a Japanese bank to a corporate in Korea

guaranteeKorea
6. A Japanese bank in Canada has guaranteed a loan extended by a UK bank to a corporate in FranceguaranteeFrance

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:

  1. 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,
  2. the institution maintains financial accounts separate from those of the government which established it and charges costs of production against revenue,
  3. management of the institution is relatively autonomous.

Not included are organizations which:

  1. are wholly or primarily engaged in the business of effective intergovernmental flows of funds (e.g., Alberta Capital Finance Authority), or
  2. 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.2

A. Public Financial Enterprises

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.

III. Non-Financial Private Corporations

Includes all corporations and unincorporated branches of foreign corporations operating in Canada, except financial institutions and government enterprises.

IV. Private Financial Institutions

  1. deposit-taking institutions - self-explanatory;
  2. other deposit-taking institutions - includes credit unions and caisses populaires, trust companies and mortgage loan companies;
  3. other private financial institutions - includes life insurance companies, fraternal benefit societies, fire and casualty insurance companies, trusteed pension plans, investment dealers, mutual funds, closed-ends funds, mortgage investment trusts, sales finance and consumer loan companies, and other private financial institutions (such as holding companies, financial leasing companies, venture capital companies and other business finance companies).

V. Unincorporated Business

Includes all businesses which are not incorporated under the law of Canada or a province and which are not unincorporated branches of foreign corporations (see III above).

Government Business Enterprises

The complete list of Federal and Provincial Government Enterprises can now be found under a new section entitled Government Business Enterprises (GBE).

Footnotes

Footnote 1

Highlighted textPrior 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.

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Footnote 2

Highlighted textMultilateral development banks may be classified as unallocated by sector.

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Footnote 3

Highlighted textInternational organizations may be classified as unallocated by sector.

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Footnote 4

 Highlighted textMultilateral development banks may be classified as unallocated by sector.

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Footnote 5

Highlighted textInternational organizations may be classified as unallocated by sector.

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Footnote 6

Highlighted textBCBS (2017)

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Footnote 7

Highlighted textSee paragraphs 3.2 to 3.6 of the Handbook on Securities Statistics for a definition and a list of instruments Handbook on Securities Statistics (bis.org) and the  Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6) paragraph 5.44 ttps://www.imf.org/external/pubs/ft/bop/2007/pdf/bpm6.pdf

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Footnote 8

Highlighted textReporting of Repurchase agreements sector breakdown is optional till 3Q2023 and required afterwards.

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Footnote 9

Highlighted textFor a comprehensive list of international organizations, see also the BOP Vademecum prepared by Eurostat (not to be used for sector classification)

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Footnote 10

Highlighted textInternational organizations may be classified as unallocated by sector.

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