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pdfDRAFT
FR 3036
OMB No. 7100-0285
Hours per response 55.0
Approval expires TBD
Report Forms for the
Central Bank Survey of Foreign Exchange
and Derivatives Market Activity
Turnover Survey
April 2010
FR 3036
OMB No. 7100-0285
This report is authorized by law [12 U.S.C. 248(a), 353-359, and 461]. Your voluntary cooperation in
submitting this report is needed to make the results comprehensive, accurate and timely. The Federal
Reserve may not conduct or sponsor, and an organization is not required to respond to, a collection of
information unless it displays a currently valid OMB number. The Federal Reseve System regards the
individual institution information provided by each respondent as confidential [5 U.S.C. 552(B)(4)]. If it
should be determined that any information collected on this form must be released, other than in the
aggregate in ways that will not reveal the amounts reported by any one institution, respondents will be
notified.
Public reporting burden for this collection of information is estimated to be 55 hours for the turnover
part and an additional 60 hours for the outstanding contracts part of the survey per response,
including time to gather and maintain data in the proper form, to review instructions and to complete the
information collection. Send comments regarding this burden estimate to : Secretary, Board of
Governors of the Federal Reserve System, 20th and C Streets, NW, Washington, DC 20551; and to the
Office of Management and Budget, Paperwork Reduction Project (7100-0285), Washington, DC 20503.
DRAFT
Table A1
Centr al Bank Sur vey of For eign Exchange and
Der ivatives M ar ket Activity
FOREI GN EXCHANGE CONTRACTS ¹
Tur nover in nominal or notional pr incipal amounts in Apr il 2010
(in millions of USD)
USD against
Instruments
EUR
JPY
GBP
CHF
CAD
AUD
SEK
BRL
CNY
HK D
I NR
K RW
ZAR
Other ²
TOT
with reporting dealers
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
- local
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
- cross-border
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
with other financial institutions
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
- local
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
- cross-border
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
with non-financial customers
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
- local
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
- cross-border
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
TOTAL
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
OUTRI GHT FORWARDS 4
with reporting dealers
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
- local
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
- cross-border
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
with other financial institutions
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
- local
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
- cross-border
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
with non-financial customers
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
- local
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
- cross-border
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
TOTAL
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
seven days or less
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
over seven days and up to one year
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
over one year
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
FOREI GN EXCHANGE SWAPS 5
with reporting dealers
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
- local
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
- cross-border
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
with other financial institutions
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
- local
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
- cross-border
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
with non-financial customers
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
- local
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
- cross-border
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
TOTAL
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
seven days or less
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
over seven days and up to one year
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
over one year
_
_
_
_
_
¹ All transactions involving exposure to more than one currency, whether in interest rates or exchange rates.
² See also table A3 for a more detailed breakdown of total turnover in "other" currencies.
_
_
_
_
_
_
_
_
_
_
SPOT ³
Maturities
Maturities
3
Excluding "tomorrow/next day" transactions.
4
Including non-deliverable forwards and other contracts-for-differences.
5
A swap is considered to be a single transaction in that the two legs are not counted separately. Includes "tomorrow/next day" transactions.
Table A2
DRAFT
Centr al Bank Sur vey of For eign Exchange and
Der ivatives M ar ket Activity
FOREI GN EXCHANGE CONTRACTS ¹
Tur nover in nominal or notional pr incipal amounts in Apr il 2010
(in millions of USD)
EUR against
JPY against
RESI 3
DUAL
GRAND
4
TOTAL
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
Instruments
JPY
GBP
CHF
CAD
AUD
SEK
Other ²
TOT
AUD
NZD
SPOT
with reporting dealers
_
_
_
_
_
_
_
_
_
- local
_
_
_
_
_
_
_
_
_
- cross-border
_
_
_
_
_
_
_
_
with other financial institutions
_
_
_
_
_
_
_
- local
_
_
_
_
_
_
- cross-border
_
_
_
_
_
with non-financial customers
_
_
_
_
- local
_
_
_
- cross-border
_
_
TOTAL
_
5
OUTRI GHT FORWARDS
with reporting dealers
6
_
_
_
_
_
_
_
_
_
_
_
_
- local
_
_
_
_
_
_
_
_
_
_
_
_
- cross-border
_
_
_
_
_
_
_
_
_
_
_
_
with other financial institutions
_
_
_
_
_
_
_
_
_
_
_
_
- local
_
_
_
_
_
_
_
_
_
_
_
_
- cross-border
_
_
_
_
_
_
_
_
_
_
_
_
with non-financial customers
_
_
_
_
_
_
_
_
_
_
_
_
- local
_
_
_
_
_
_
_
_
_
_
_
_
- cross-border
_
_
_
_
_
_
_
_
_
_
_
_
TOTAL
_
_
_
_
_
_
_
_
_
_
_
_
seven days or less
_
_
_
_
_
_
_
_
_
_
_
_
over seven days and up to one year
_
_
_
_
_
_
_
_
_
_
_
_
over one year
_
_
_
_
_
_
_
_
_
_
_
_
Maturities
FOREI GN EXCHANGE SWAPS
with reporting dealers
7
_
_
_
_
_
_
_
_
_
_
_
_
- local
_
_
_
_
_
_
_
_
_
_
_
_
- cross-border
_
_
_
_
_
_
_
_
_
_
_
_
with other financial institutions
_
_
_
_
_
_
_
_
_
_
_
_
- local
_
_
_
_
_
_
_
_
_
_
_
_
- cross-border
_
_
_
_
_
_
_
_
_
_
_
_
with non-financial customers
_
_
_
_
_
_
_
_
_
_
_
_
- local
_
_
_
_
_
_
_
_
_
_
_
_
- cross-border
_
_
_
_
_
_
_
_
_
_
_
_
TOTAL
_
_
_
_
_
_
_
_
_
_
_
_
seven days or less
_
_
_
_
_
_
_
_
_
_
_
_
over seven days and up to one year
_
_
_
_
_
_
_
_
_
_
_
_
over one year
_
_
_
_
_
¹ All transactions involving exposure to more than one currency, whether in interest rates or exchange rates.
_
_
_
_
_
_
_
Maturities
2
See also table A3 for a more detailed breakdown of total turnover in "other" currencies.
3
"Residual" covers all currency pairs except those involving the USD, euro and JPY/AUD and JPY/NZD.
4
Covers the sum of the totals in tables (A1 and A2) plus (JPY/AUD and JPY/NZD) and the column "Residual".
Excluding "tomorrow/next day" transactions.
5
6
Including non-deliverable forwards and other contracts-for-differences.
7
A swap is considered to be a single transaction in that the two legs are not counted separately. Includes "tomorrow/next day" transactions.
Table A3
DRAFT
Central Bank Survey of Foreign Exchange and
Derivatives M arket Activity
FOREI GN EXCHANGE CONTRACTS ¹
Turnover in nominal or notional principal amounts in April 2010
(in millions of USD)
Total turnover in listed currencies against all other currencies ²
Instruments
ARS
CL P
CZK
DK K
HUF
I DR
ILS
M XN
M YR
NOK
NZD
PHP
PL N
RUB
SAR
SGD
THB
TRL
TWD
SPOT ³
with reporting dealers
- local
- cross-border
with other financial institutions
- local
- cross-border
with non-financial customers
- local
- cross-border
TOTAL
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
OUTRI GHT FORWARDS 4
with reporting dealers
- local
- cross-border
with other financial institutions
- local
- cross-border
with non-financial customers
- local
- cross-border
TOTAL
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
Maturities
seven days or less
over seven days and up to one year
over one year
FOREI GN EXCHANGE SWAPS
with reporting dealers
- local
- cross-border
with other financial institutions
- local
- cross-border
with non-financial customers
- local
- cross-border
TOTAL
5
Maturities
seven days or less
over seven days and up to one year
over one year
¹ All transactions involving exposure to more than one currency, whether in interest rates or exchange rates.
² Only transactions which are included in the columns "other" and "residual" in Tables A1 and A2. Direct cross-trades between two currencies listed in this table
should be reported in both of the relevant currency columns.
³ Excluding "tomorrow/next day" transactions.
4
Including non-deliverable forwards and other contracts-for-differences.
5
A swap is considered to be a single transaction in that the two legs are not counted separately. Includes "tomorrow/nest" transactions.
DRAFT
Table A4
Centr al Bank Sur vey of For eign Exchange and
Der ivatives M ar ket Activity
FOREI GN EXCHANGE CONTRACTS ¹
Tur nover in nominal or notional pr incipal amounts in Apr il 2010
(in millions of USD)
USD against
Instruments
EUR
JPY
GBP
CHF
CAD
AUD
SEK
BRL
CNY
HK D
I NR
K RW
ZAR
Other ²
TOT
with reporting dealers
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
- local
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
- cross-border
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
with other financial institutions
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
- local
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
- cross-border
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
with non-financial customers
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
- local
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
- cross-border
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
TOTAL
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
with reporting dealers
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
- local
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
- cross-border
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
with other financial institutions
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
- local
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
- cross-border
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
with non-financial customers
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
- local
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
- cross-border
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
TOTAL
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
with reporting dealers
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
- local
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
- cross-border
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
with other financial institutions
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
- local
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
- cross-border
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
with non-financial customers
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
- local
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
- cross-border
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
TOTAL
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
TOTAL OTC OPTIONS
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
TOTAL FX CONTRACTS
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
CURRENCY SWAPS ³
OTC OPTI ONS 4
Sold
Bought
¹ All transactions involving exposure to more than one currency, whether in interest rates or exchange rates.
² See also table A6 for a more detailed breakdown of total turnover in "other" currencies.
³ A swap is considered to be a single transaction in that the two legs are not counted separately.
4
Including currency warrants and multicurrency swaptions.
Table A5
DRAFT
Centr al Bank Sur vey of For eign Exchange and
Der ivatives M ar ket Activity
FOREI GN EXCHANGE CONTRACTS ¹
Tur nover in nominal or notional pr incipal amounts in Apr il 2010
(in millions of USD)
EUR against
JPY against
RESI DUAL 3
GRAND
TOTAL 4
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
- cross-border
_
_
_
_
_
_
_
_
_
_
_
_
with other financial institutions
_
_
_
_
_
_
_
_
_
_
_
_
- local
_
_
_
_
_
_
_
_
_
_
_
_
- cross-border
_
_
_
_
_
_
_
_
_
_
_
_
with non-financial customers
_
_
_
_
_
_
_
_
_
_
_
_
- local
_
_
_
_
_
_
_
_
_
_
_
_
- cross-border
_
_
_
_
_
_
_
_
_
_
_
_
TOTAL
_
_
_
_
_
_
_
_
_
_
_
_
with reporting dealers
_
_
_
_
_
_
_
_
_
_
_
_
- local
_
_
_
_
_
_
_
_
_
_
_
_
- cross-border
_
_
_
_
_
_
_
_
_
_
_
_
with other financial institutions
_
_
_
_
_
_
_
_
_
_
_
_
- local
_
_
_
_
_
_
_
_
_
_
_
_
- cross-border
_
_
_
_
_
_
_
_
_
_
_
_
with non-financial customers
_
_
_
_
_
_
_
_
_
_
_
_
- local
_
_
_
_
_
_
_
_
_
_
_
_
- cross-border
_
_
_
_
_
_
_
_
_
_
_
_
TOTAL
_
_
_
_
_
_
_
_
_
_
_
_
TOTAL OTC OPTIONS
_
_
_
_
_
_
_
_
_
_
_
_
Instruments
JPY
GBP
CHF
CAD
AUD
SEK
Other ²
TOT
AUD
NZD
CURRENCY SWAPS 5
with reporting dealers
_
_
_
_
_
_
_
_
_
- local
_
_
_
_
_
_
_
_
_
- cross-border
_
_
_
_
_
_
_
_
with other financial institutions
_
_
_
_
_
_
_
- local
_
_
_
_
_
_
- cross-border
_
_
_
_
_
with non-financial customers
_
_
_
_
- local
_
_
_
- cross-border
_
_
TOTAL
_
with reporting dealers
- local
OTC OPTI ONS 6
Sold
Bought
Other products 7
TOTAL FX CONTRACTS
_
_
_
_
_
_
_
_
_
_
_
_
_
of which:
Related party trades 8
¹ All transactions involving exposure to more than one currency, whether in interest rates or exchange rates.
2
See also table A6 for a more detailed breakdown of total turnover in "other" currencies.
3
"Residual" covers all currency pairs except those involving the USD, euro, and JPY/AUD and JPY/NZD.
4
Covers the sum of the totals in tables (A1 and A2) plus (JPY/AUD and JPY/NZD) and the column "Residual".
5
A swap is considered to be a single transaction in that the two legs are not counted separately.
6
Including currency warrants and multicurrency swaptions.
7
Any instrument where the transaction is highly leveraged and/or the notional amount is variable and where a decomposition into
individual plain vanilla components is impractical or impossible.
8
Report trades with branches and affiliated firms included in Total FX Contracts above. Note, however, that the survey excludes
all trades (1) conducted as back- to-back deals, (2) to facilitate internal bookke eping or internal risk management within a reporting
institution, or (3) between desks and offices of the reporting dealer in the same country.
_
Table A6
DRAFT
Centr al Bank Sur vey of For eign Exchange and
Der ivatives M ar ket Activity
FOREI GN EXCHANGE CONTRACTS ¹
Tur nover in nominal or notional pr incipal amounts in Apr il 2010
(in millions of USD)
Total tur nover in listed cur r encies against all other cur r encies ²
Instruments
ARS
CURRENCY SWAPS ³
with reporting dealers
- local
- cross-border
with other financial institutions
- local
- cross-border
with non-financial customers
- local
- cross-border
TOTAL
_
CL P
_
CZK
_
DK K
_
HUF
_
I DR
_
ILS
_
M XN
_
M YR
_
NOK
_
NZD
_
PHP
_
PL N
_
RUB
_
SAR
SGD
_
_
THB
_
TRL
_
TWD
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
TOTAL OTC OPTIONS
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
TOTAL FX CONTRACTS
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
OTC OPTI ONS 4
Sold
with reporting dealers
- local
- cross-border
with other financial institutions
- local
- cross-border
with non-financial customers
- local
- cross-border
TOTAL
Bought
with reporting dealers
- local
- cross-border
with other financial institutions
- local
- cross-border
with non-financial customers
- local
- cross-border
TOTAL
¹ All transactions involving exposure to more than one currency, whether in interest rates or exchange rates.
² Only transactions which are included in the columns "other" and "residual" in tables A4 and A5. Direct offshore cross-trades between two currencies
listed in this table should be reported in both of the relevant currency columns.
³ A swap is considered to be a single transaction in that the two legs are not counted separately.
4
Including currency warrants and multicurrency swaptions.
Table B1
DRAFT
Centr al Bank Sur vey of For eign Exchange and
Der ivatives M ar ket Activity
SI NGL E-CURRENCY I NTEREST RATE DERI VATI VES ¹
Tur nover in nominal or notional pr incipal amounts in Apr il 2010
(in millions of USD)
USD
EUR
JPY
GBP
CHF
CAD
AUD
CNY
DK K
HK D
M XN
NOK
NZD
SGD
SEK
THB
ZAR
OTH
TOT
FORWARD RATE
AGREEM ENTS
with reporting dealers
- local
- cross-border
with other financial institutions
- local
- cross-border
with non-financial customers
- local
- cross-border
TOTAL
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
SWAPS 2
with reporting dealers
- local
- cross-border
with other financial institutions
- local
- cross-border
with non-financial customers
- local
- cross-border
TOTAL
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
Instruments
¹ All transactions where all the legs are exposed to one and only one currency's interest rate, including all fixed/floating and floating/floating single-currency
interest rate contracts.
² A swap is considered to be a single transaction in that the two legs are not counted separately.
Table B2
DRAFT
Centr al Bank Sur vey of For eign Exchange and
Der ivatives M ar ket Activity
SI NGL E-CURRENCY I NTEREST RATE DERI VATI VES ¹
Tur nover in nominal or notional pr incipal amounts in Apr il 2010
(in millions of USD)
Instruments
OTC OPTI ONS
Sold
with reporting dealers
- local
- cross-border
with other financial institutions
- local
- cross-border
with non-financial customers
- local
- cross-border
TOTAL
Bought
with reporting dealers
- local
- cross-border
with other financial institutions
- local
- cross-border
with non-financial customers
- local
- cross-border
TOTAL
TOTAL OTC OPTIONS
USD
EUR
JPY
GBP
CHF
CAD
AUD
CNY
DK K
HK D
M XN NOK
NZD
SGD
SEK
THB
ZAR
OTH
TOT
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
Other products 2
TOTAL CONTRACTS
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
of which:
Related party trades 3
¹ All transactions where all the legs are exposed to one and only one currency's interest rate, including all fixed/floating and floating/floating
single-currency interest rate contracts.
² Any instrument where the transaction is highly leveraged and/or the notional amount is variable and where a decomposition into individual
3
plain vanilla components is impractical.
Report trades with branches and affiliated firms included in Total Contracts above. Note, however, that the survey excludes
all trades (1) conducted as back-to-back deals, (2) to facilitate internal bookkeeping or internal risk management within a reporting
institution, or (3) between desks and offices of the reporting dealer in the same country.
_
Table C1
DRAFT
Centr al Bank Sur vey of For eign Exchange and
Der ivatives M ar ket Activity
Additional I nfor mation
Please complete the following questions:
Trading activity trends
1.a. In the month of April 2010, was foreign exchange turnover (spot, outright forwards and foreign exchange swaps)
and other derivatives turnover
Normal?
Below Normal?
Above Normal?
1.b. In the month of April 2010, was derivative contract turnover (excluding spot transactions)
Normal?
Above Normal?
Below Normal?
2.a. Was Turnover in the preceding six months for contracts reported in Line 1.a
Steady?
Increasing?
Decreasing?
2.a. Was Turnover in the preceding six months for contracts reported in Line 1.b
Steady?
Decreasing?
Increasing?
Forward contracts for differences (including non-deliverable forwards)
Reporting dealers are requested to provide data on turnover of forward contracts where only the difference
between the contracted forward outright rate and the prevailing spot rate is settled at maturity. Examples of
these contracts are non-deliverable forwards (i.e. forward FX contracts which do not require physical
delivery of a non-convertible currency) and other forward contracts for differences. The data are required
with the following breakdown by currency groups:
(
dollars)
Turnover of forward contracts for differences (In millions of US dollars)
G10 currencies
only (1)
Non G10 currenices only (2)
In Asia
In Latin America
In Europe
Other
(1) Contracts that only involve G10 currencies on both sides of the transaction.
(2) Contracts that involve G10 currencies on one side of the transaction or non-G10 currencies on both sides of the transaction.
DRAFT
Table C2
Centr al Bank Sur vey of For eign Exchange and
Der ivatives M ar ket Activity
EXECUTI ON M ETHOD FOR FOREI GN EXCHANGE CONTRACTS
M EM ORANDUM
Execution method
Interdealer
direct
Customer
direct
Electronic
Broking
System
Electronic Trading Systems
Multi-bank
dealing systems
Instrument
Spot
Outright forwards
FX Swaps
OTC FX options
Total
Counterparty
with reporting dealers
with other financial institutions
with non-financial customers
Total
1 Total Spot, Outright Forwards, and FX Swaps should be consistent with totals reported in table A2. Total FX Options should be consistent with total reported in table A5.
2010 Triennial Central Bank Survey
Single bank
proprietary
platforms
Voice
broker
Total1
| File Type | application/pdf |
| File Title | FR3036.20090915.draft.TS_form.xls |
| Author | m1jas00 |
| File Modified | 2009-11-19 |
| File Created | 2009-09-15 |