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OMB Number 7100-0285
Approval expires April 30, 2025
Page 1 of 14
Board of Governors of the Federal Reserve System
Report Forms for the
Central Bank Survey of Foreign Exchange
and Derivatives Market Activity—FR 3036
Turnover Survey as of April 2022
This report is authorized by law (12 U.S.C. §§ 225a and 263). 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 0MB number. Individual firm information collected
on the FR 3036 is considered confidential to the extent it constitutes
nonpublic commercial or financial information, which is both customarily and actually treated as private by the respondent.
Therefore, this information may be kept confidential under exemption 4 of the Freedom of Information Act, which exempts “trade
secrets and commercial or financial information obtained from a
person and privileged or confidential.” [5 U.S.C. §552(b)(4)]
Public reporting burden for this collection of information is estimated to be 65 hours 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.
04/2022
FR 3036
Page 2 of 14
Central Bank Survey of Foreign Exchange and Derivatives Market Activity
Table A1—Foreign Exchange Contracts¹
Turnover in nominal or notional principal amounts in April 2022
U.S. Dollar Amounts in Millions
AUD BRL CAD CHF CNY EUR GBP HKD
INR
USD against
JPY KRW MXN NOK NZD PLN RUB SEK SGD TRY TWD ZAR Other ² Total
INSTRUMENTS
SPOT3
1. With reporting dealers .........................................
a. Local ..........................................................
b. Cross-border.................................................
2. With other financial institutions................................
a. Local ..........................................................
b. Cross-border.................................................
c. Non-reporting banks ........................................
d. Institutional investors .......................................
e. Hedge funds and proprietary trading firms ...............
f. Official sector financial institutions ........................
g. Others ........................................................
h. Undistributed ................................................
3. With nonfinancial customers ..................................
a. Local ..........................................................
b. Cross-border.................................................
Total Spot .........................................................
1. o/w prime brokered.............................................
2. o/w retail-driven.................................................
OUTRIGHT FORWARDS4
1. With reporting dealers .........................................
a. Local ..........................................................
b. Cross-border.................................................
2. With other financial institutions................................
a. Local ..........................................................
b. Cross-border.................................................
c. Non-reporting banks ........................................
d. Institutional investors .......................................
e. Hedge funds and proprietary trading firms ...............
f. Official sector financial institutions ........................
g. Others ........................................................
h. Undistributed ................................................
3. With nonfinancial customers ..................................
a. Local ..........................................................
b. Cross-border.................................................
Total Outright Forwards ........................................
1. o/w prime brokered.............................................
2. o/w retail-driven.................................................
3. o/w non-deliverable forwards5.................................
MATURITIES OUTRIGHT FORWARDS
1. One day .........................................................
2. Over one day and up to seven days .........................
3. Over seven days and up to one month ......................
4. Over one month and up to three months ....................
5. Over three months and up to six months ....................
6. Over six months ................................................
1.
1.a.
1.b.
2.
2.a.
2.b.
2.c.
2.d.
2.e.
2.f.
2.g.
2.h.
3.
3.a.
3.b.
1.
2.
o/w back-to-back trades
1.
1.a.
1.b.
2.
2.a.
2.b.
2.c.
2.d.
2.e.
2.f.
2.g.
2.h.
3.
3.a.
3.b.
1.
2.
3.
1.
2.
3.
4.
5.
6.
o/w back-to-back trades
o/w related party trades
1. All transactions involving exposure to more than one currency, whether in interest rates or exchange rates.
2. "Other" covers currencies that are included in the Triennial but not explicitly listed in each column of this table. See also table A4 for a more detailed breakdown of total turnover in "other" currencies.
3. Excluding "tomorrow/next day" transactions.
4. Including non-deliverable forwards and other contracts-for-differences.
5. Data should be provided for the "total" column.
04/2022
FR 3036
Page 3 of 14
Central Bank Survey of Foreign Exchange and Derivatives Market Activity
Table A1—Foreign Exchange Contracts¹—Continued
Turnover in nominal or notional principal amounts in April 2022
U.S. Dollar Amounts in Millions
AUD BRL CAD CHF CNY EUR GBP HKD
INR
USD against
JPY KRW MXN NOK NZD PLN RUB SEK SGD TRY TWD ZAR Other ² Total
INSTRUMENTS
FOREIGN EXCHANGE SWAPS3
1. With reporting dealers .........................................
a. Local ..........................................................
b. Cross-border.................................................
2. With other financial institutions................................
a. Local ..........................................................
b. Cross-border.................................................
c. Non-reporting banks ........................................
d. Institutional investors .......................................
e. Hedge funds and proprietary trading firms ...............
f. Official sector financial institutions ........................
g. Others ........................................................
h. Undistributed ................................................
3. With nonfinancial customers ..................................
a. Local ..........................................................
b. Cross-border.................................................
Total Foreign Exchange Swaps ...............................
1. o/w prime brokered.............................................
2. o/w retail-driven.................................................
MATURITIES FOREIGN EXCHANGE SWAPS
1. One day .........................................................
2. Over one day and up to seven days. . . . . . . . . . . . . . . . . . . . . . . . . . . .
3. Over seven days and up to one month. . . . . . . . . . . . . . . . . . . . . . . . .
4. Over one month and up to three months ....................
5. Over three months and up to six months . . . . . . . . . . . . . . . . . . . . . .
6. Over six months ................................................
1.
1.a.
1.b.
2.
2.a.
2.b.
2.c.
2.d.
2.e.
2.f.
2.g.
2.h.
3.
3.a.
3.b.
1.
2.
1.
2.
3.
4.
5.
6.
o/w back-to-back trades
o/w related party trades
1. All transactions involving exposure to more than one currency, whether in interest rates or exchange rates.
2. "Other" covers currencies that are included in the Triennial but not explicitly listed in each column of this table. See also table A4 for a more detailed breakdown of total turnover in "other" currencies.
3. Currency pairs as well as for the "other" and "total" column.
04/2022
FR 3036
Page 4 of 14
Central Bank Survey of Foreign Exchange and Derivatives Market Activity
Table A2—Foreign Exchange Contracts¹
Turnover in nominal or notional principal amounts in April 2022
EUR against
U.S. Dollar Amounts in Millions
AUD CAD CHF CNY DKK GBP HUF
JPY NOK PLN
JPY against
SEK
TRY Other2 Total AUD BRL CAD NZD TRY
Resi- Grand
ZAR Other2 Total dual3 Total4
INSTRUMENTS
SPOT5
1. With reporting dealers .........................................
a. Local ..........................................................
b. Cross-border.................................................
2. With other financial institutions................................
a. Local ..........................................................
b. Cross-border.................................................
c. Non-reporting banks ........................................
d. Institutional investors .......................................
e. Hedge funds and proprietary trading firms ...............
f. Official sector financial institutions ........................
g. Others ........................................................
h. Undistributed ................................................
3. With nonfinancial customers ..................................
a. Local ..........................................................
b. Cross-border.................................................
Total Spot .........................................................
1. o/w prime brokered.............................................
2. o/w retail-driven.................................................
3. o/w back-to-back trades .......................................
OUTRIGHT FORWARDS6
1. With reporting dealers .........................................
a. Local ..........................................................
b. Cross-border.................................................
2. With other financial institutions................................
a. Local ..........................................................
b. Cross-border.................................................
c. Non-reporting banks ........................................
d. Institutional investors .......................................
e. Hedge funds and proprietary trading firms ...............
f. Official sector financial institutions ........................
g. Others ........................................................
h. Undistributed ................................................
3. With nonfinancial customers ..................................
a. Local ..........................................................
b. Cross-border.................................................
Total Outright Forwards ........................................
1. o/w prime brokered.............................................
2. o/w retail-driven.................................................
3. o/w non-deliverable forwards7.................................
4. o/w back-to-back trades .......................................
5. o/w compression trades .......................................
MATURITIES OUTRIGHT FORWARDS
1. One day .........................................................
2. Over one day and up to seven days. . . . . . . . . . . . . . . . . . . . . . . . . . . .
3. Over seven days and up to one month. . . . . . . . . . . . . . . . . . . . . . . . .
4. Over one month and up to three months ....................
5. Over three months and up to six months . . . . . . . . . . . . . . . . . . . . . .
6. Over six months ................................................
1.
1.a.
1.b.
2.
2.a.
2.b.
2.c.
2.d.
2.e.
2.f.
2.g.
2.h.
3.
3.a.
3.b.
1.
2.
3.
1.
1.a.
1.b.
2.
2.a.
2.b.
2.c.
2.d.
2.e.
2.f.
2.g.
2.h.
3.
3.a.
3.b.
1.
2.
3.
4.
5.
1.
2.
3.
4.
5.
6.
o/w related party trades
1. All transactions involving exposure to more than one currency, whether in interest rates or exchange rates.
2. "Other" covers currencies that are included in the Triennial but not explicitly listed in each column of this table. 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 domestic currency, the USD, the EUR, and the JPY.
4. Covers the sum of the totals in tables A1, A2, and the column "Residual".
5. Excluding "tomorrow/next day" transactions.
6. Including non-deliverable forwards and other contracts-for-differences.
7. Data should only be provided for the "total" columns.
04/2022
FR 3036
Page 5 of 14
Central Bank Survey of Foreign Exchange and Derivatives Market Activity
Table A2—Foreign Exchange Contracts¹—Continued
Turnover in nominal or notional principal amounts in April 2022
EUR against
U.S. Dollar Amounts in Millions
AUD CAD CHF CNY DKK GBP HUF
JPY NOK PLN
JPY against
SEK
TRY Other2 Total AUD BRL CAD NZD TRY
Resi- Grand
ZAR Other2 Total dual3 Total4
INSTRUMENTS
FOREIGN EXCHANGE SWAPS5
1. With reporting dealers .........................................
a. Local ..........................................................
b. Cross-border.................................................
2. With other financial institutions................................
a. Local ..........................................................
b. Cross-border.................................................
c. Non-reporting banks ........................................
d. Institutional investors .......................................
e. Hedge funds and proprietary trading firms ...............
f. Official sector financial institutions ........................
g. Others ........................................................
h. Undistributed ................................................
3. With nonfinancial customers ..................................
a. Local ..........................................................
b. Cross-border.................................................
Total Foreign Exchange Swaps ...............................
1. o/w prime brokered.............................................
2. o/w retail-driven.................................................
3. o/w back-to-back trades .......................................
4. o/w compression trades .......................................
MATURITIES FOREIGN EXCHANGE SWAPS
1. One day .........................................................
2. Over one day and up to seven days. . . . . . . . . . . . . . . . . . . . . . . . . . . .
3. Over seven days and up to one month. . . . . . . . . . . . . . . . . . . . . . . . .
4. Over one month and up to three months ....................
5. Over three months and up to six months . . . . . . . . . . . . . . . . . . . . . .
6. Over six months ................................................
1.
1.a.
1.b.
2.
2.a.
2.b.
2.c.
2.d.
2.e.
2.f.
2.g.
2.h.
3.
3.a.
3.b.
1.
2.
3.
4.
1.
2.
3.
4.
5.
6.
o/w related party trades
1. All transactions involving exposure to more than one currency, whether in interest rates or exchange rates.
2. "Other" covers currencies that are included in the Triennial but not explicitly listed in each column of this table. 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 domestic currency, the USD, the EUR, and the JPY.
4. Covers the sum of the totals in tables A1, A2, and the column "Residual".
5. A swap is considered to be a single transaction in that the two legs are not counted separately.
04/2022
Central Bank Survey of Foreign Exchange and Derivatives Market Activity
FR 3036
Page 6 of 14
Table A3—Foreign Exchange Contracts¹
Turnover in nominal or notional principal amounts in April 2022
U.S. Dollar Amounts in Millions
ARS AUD BGN BHD BRL CAD CHF
Total turnover in listed currencies against all other currencies2
CLP CNY COP CZK DKK GBP HKD HUF IDR ILS INR KRW LTL LVL MXN MYR NOK NZD PEN PHP PLN RON RUB SAR SEK SGD THB TRY TWD ZAR Other
INSTRUMENTS
SPOT3
1. With reporting dealers .........................................
a. Local ..........................................................
b. Cross-border.................................................
2. With other financial institutions................................
a. Local ..........................................................
b. Cross-border.................................................
c. Non-reporting banks ........................................
d. Institutional investors .......................................
e. Hedge funds and proprietary trading firms ...............
f. Official sector financial institutions ........................
g. Others ........................................................
h. Undistributed ................................................
3. With nonfinancial customers ..................................
a. Local ..........................................................
b. Cross-border.................................................
Total Spot .........................................................
1. o/w prime brokered.............................................
2. o/w retail-driven.................................................
OUTRIGHT FORWARDS4
1. With reporting dealers .........................................
a. Local ..........................................................
b. Cross-border.................................................
2. With other financial institutions................................
a. Local ..........................................................
b. Cross-border.................................................
c. Non-reporting banks ........................................
d. Institutional investors .......................................
e. Hedge funds and proprietary trading firms ...............
f. Official sector financial institutions ........................
g. Others ........................................................
h. Undistributed ................................................
3. With nonfinancial customers ..................................
a. Local ..........................................................
b. Cross-border.................................................
Total Outright Forwards ........................................
1. o/w prime brokered.............................................
2. o/w retail-driven.................................................
3. o/w non-deliverable forwards5.................................
MATURITIES OUTRIGHT FORWARDS
1. One day .........................................................
2. Over one day and up to seven days. . . . . . . . . . . . . . . . . . . . . . . . . . . .
3. Over seven days and up to one month. . . . . . . . . . . . . . . . . . . . . . . . .
4. Over one month and up to three months ....................
5. Over three months and up to six months . . . . . . . . . . . . . . . . . . . . . .
6. Over six months ................................................
1.
1.a.
1.b.
2.
2.a.
2.b.
2.c.
2.d.
2.e.
2.f.
2.g.
2.h.
3.
3.a.
3.b.
1.
2.
1.
1.a.
1.b.
2.
2.a.
2.b.
2.c.
2.d.
2.e.
2.f.
2.g.
2.h.
3.
3.a.
3.b.
1.
2.
3..
1.
2.
3.
4.
5.
6.
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" in tables A1, A2, and "residual" in table A2 . Trades involving the domestic currency, the USD, the EUR or the JPY in one leg, and any of the currencies listed in this table in the other leg, should be allocated to the relevant currency column in this table once;
these deals should correspond to the ones reported in columns "other" of tables A1 and A2. Trades between any two currencies listed in this table should be reported in both relevant currency columns, thus summing to 200% of the deal; these trades should correspond to the ones reported in column "residual" in
table A2. Currencies subject to compulsory reporting have been marked in blue.
3. Excluding "tomorrow/next day" transactions.
4. Including non-deliverable forwards and other contracts-for-differences.
5. Data should only be provided for the "total" column.
04/2022
Central Bank Survey of Foreign Exchange and Derivatives Market Activity
FR 3036
Page 7 of 14
Table A3—Foreign Exchange Contracts¹—Continued
Turnover in nominal or notional principal amounts in April 2022
U.S. Dollar Amounts in Millions
ARS AUD BGN BHD BRL CAD CHF
Total turnover in listed currencies against all other currencies2
CLP CNY COP CZK DKK GBP HKD HUF IDR ILS INR KRW LTL LVL MXN MYR NOK NZD PEN PHP PLN RON RUB SAR SEK SGD THB TRY TWD ZAR Other
INSTRUMENTS
FOREIGN EXCHANGE SWAPS3
1. With reporting dealers .........................................
a. Local ..........................................................
b. Cross-border.................................................
2. With other financial institutions................................
a. Local ..........................................................
b. Cross-border.................................................
c. Non-reporting banks ........................................
d. Institutional investors .......................................
e. Hedge funds and proprietary trading firms ...............
f. Official sector financial institutions ........................
g. Others ........................................................
h. Undistributed ................................................
3. With nonfinancial customers ..................................
a. Local ..........................................................
b. Cross-border.................................................
Total Foreign Exchange Swaps ...............................
1. o/w prime brokered.............................................
2. o/w retail-driven.................................................
MATURITIES FOREIGN EXCHANGE SWAPS
1. One day .........................................................
2. Over one day and up to seven days .........................
3. Over seven days and up to one year.........................
4. Over one year...................................................
1.
1.a.
1.b.
2.
2.a.
2.b.
2.c.
2.d.
2.e.
2.f.
2.g.
2.h.
3.
3.a.
3.b.
1.
2.
1.
2.
3.
4.
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" in tables A1, A2, and "residual" in table A2 . Trades involving the domestic currency, the USD, the EUR or the JPY in one leg, and any of the currencies listed in this table in the other leg, should be allocated to the relevant currency column in this table once;
these deals should correspond to the ones reported in columns "other" of tables A1 and A2. Trades between any two currencies listed in this table should be reported in both relevant currency columns, thus summing to 200% of the deal; these trades should correspond to the ones reported in column "residual" in
table A2. Currencies subject to compulsory reporting have been marked in blue.
3. A swap is considered to be a single transaction in that the two legs are not counted separately. Includes "tomorrow/next day" transactions.
1. One day
2. Over one day and up to seven days
3. Over seven days and up to one month
4. Over one month and up to three months
5. Over three months and up to six months
6. Over six
04/2022
FR 3036
Page 8 of 14
Central Bank Survey of Foreign Exchange and Derivatives Market Activity
Table A4—Foreign Exchange Contracts¹
Turnover in nominal or notional principal amounts in April 2022
USD against
U.S. Dollar Amounts in Millions
AUD BRL CAD CHF CNY EUR GBP HKD
INR
JPY KRW MXN NOK NZD PLN RUB SEK SGD TRY TWD ZAR Other2 Total
INSTRUMENTS
CURRENCY SWAPS3
1. With reporting dealers .........................................
a. Local ..........................................................
b. Cross-border.................................................
2. With other financial institutions................................
a. Local ..........................................................
b. Cross-border.................................................
c. Non-reporting banks ........................................
d. Institutional investors .......................................
e. Hedge funds and proprietary trading firms ...............
f. Official sector financial institutions ........................
g. Others ........................................................
h. Undistributed ................................................
3. With nonfinancial customers ..................................
a. Local ..........................................................
b. Cross-border.................................................
Total Currency Swaps ..........................................
1. o/w prime brokered.............................................
2. o/w retail-driven.................................................
OTC OPTIONS (sum of bought and sold)4
1. With reporting dealers .........................................
a. Local ..........................................................
b. Cross-border.................................................
2. With other financial institutions................................
a. Local ..........................................................
b. Cross-border.................................................
c. Non-reporting banks ........................................
d. Institutional investors .......................................
e. Hedge funds and proprietary trading firms ...............
f. Official sector financial institutions ........................
g. Others ........................................................
h. Undistributed ................................................
3. With nonfinancial customers ..................................
a. Local ..........................................................
b. Cross-border.................................................
TOTAL OTC OPTIONS
1. o/w prime brokered.............................................
2. o/w retail-driven.................................................
TOTAL FX CONTRACTS ........................................
1. o/w prime brokered.............................................
2. o/w retail-driven.................................................
1. All transactions involving exposure to more than one currency, whether in interest rates or exchange rates.
2. "Other" covers currencies that are included in the Triennial but not explicitly listed in each column of this table. See also table A3 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.
1.
1.a.
1.b.
2.
2.a.
2.b.
2.c.
2.d.
2.e.
2.f.
2.g.
2.h.
3.
3.a.
3.b.
1.
2.
o/w back-to-back trades
1.
1.a.
1.b.
2.
2.a.
2.b.
2.c.
2.d.
2.e.
2.f.
2.g.
2.h.
3.
3.a.
3.b.
1.
2.
1.
2.
o/w back-to-back trades
o/w back-to-back trades
o/w related party trades
04/2022
FR 3036
Page 9 of 14
Central Bank Survey of Foreign Exchange and Derivatives Market Activity
Table A5—Foreign Exchange Contracts¹
Turnover in nominal or notional principal amounts in April 2022
EUR against
U.S. Dollar Amounts in Millions
AUD CAD CHF CNY DKK GBP HUF
JPY NOK PLN
JPY against
SEK
TRY Other2 Total AUD BRL CAD NZD TRY
Resi- Grand
ZAR Other2 Total dual3 Total4
INSTRUMENTS
CURRENCY SWAPS5
1. With reporting dealers .........................................
a. Local ..........................................................
b. Cross-border.................................................
2. With other financial institutions................................
a. Local ..........................................................
b. Cross-border.................................................
c. Non-reporting banks ........................................
d. Institutional investors .......................................
e. Hedge funds and proprietary trading firms ...............
f. Official sector financial institutions ........................
g. Others ........................................................
h. Undistributed ................................................
3. With nonfinancial customers ..................................
a. Local ..........................................................
b. Cross-border.................................................
Total Currency Swaps ..........................................
1. o/w prime brokered.............................................
2. o/w retail-driven.................................................
3. o/w back -to-back trades ......................................
4. o/w compression trades .......................................
OTC OPTIONS (sum of bought and sold)6
1. With Reporting Dealers ........................................
a. Local ..........................................................
b. Cross-border.................................................
2. With other financial institutions................................
a. Local ..........................................................
b. Cross-border.................................................
c. Non-reporting banks ........................................
d. Institutional investors .......................................
e. Hedge funds and proprietary trading firms ...............
f. Official sector financial institutions ........................
g. Others ........................................................
h. Undistributed ................................................
3. With nonfinancial customers ..................................
a. Local ..........................................................
b. Cross-border.................................................
TOTAL OTC OPTIONS...........................................
1. o/w prime brokered.............................................
2. o/w retail-driven.................................................
3. o/w back-to-back trades .......................................
4. o/w compression trades .......................................
OTHER PRODUCTS7.............................................
1. o/w back-to-back trades .......................................
2. o/w compression trades .......................................
TOTAL FX CONTRACTS ........................................
1. o/w prime brokered.............................................
2. o/w retail-driven.................................................
3. o/w related party trades8 .......................................
4. o/w back-to-back trades .......................................
5. o/w compression trades .......................................
1.
1.a.
1.b.
2.
2.a.
2.b.
2.c.
2.d.
2.e.
2.f.
2.g.
2.h.
3.
3.a.
3.b.
1.
2.
3.
4.
1.
1.a.
1.b.
2.
2.a.
2.b.
2.c.
2.d.
2.e.
2.f.
2.g.
2.h.
3.
3.a.
3.b.
1
2.
3.
4.
1.
2.
1.
2.
3.
4.
5.
1. All transactions involving exposure to more than one currency, whether in interest rates or exchange rates.
2. "Other"covers currencies that are included in the Triennial but not explicitly listed in each column of this table. 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 domestic currency, the USD, the EUR, and the JPY.
4. Covers the sum of the totals in tables A4, A5 and the column "Residual".
5. A swap is considered to be a single transaction in that the two legs are not counted separately. Includes "tomorrow/next day" transactions.
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. Trades between desks and offices, and trades with own branches and subsidiaries and between affiliated firms (regardless of whether the counterparty is resident in the same country as the reporting dealer or in another
country). Back-to-back deals and trades to facilitate internal bookkeeping and internal risk management within a given institution are not to be reported in the context of the triennial survey.
04/2022
Central Bank Survey of Foreign Exchange and Derivatives Market Activity
FR 3036
Page 10 of 14
Table A6—Foreign Exchange Contracts¹
Turnover in nominal or notional principal amounts in April 2022
U.S. Dollar Amounts in Millions
INSTRUMENTS
CURRENCY SWAPS3
1. With reporting dealers .........................................
a. Local ..........................................................
b. Cross-border.................................................
2. With other financial institutions................................
a. Local ..........................................................
b. Cross-border.................................................
c. Non-reporting banks ........................................
d. Institutional investors .......................................
e. Hedge funds and proprietary trading firms ...............
f. Official sector financial institutions ........................
g. Others ........................................................
h. Undistributed ................................................
3. With nonfinancial customers ..................................
a. Local ..........................................................
b. Cross-border.................................................
Total Currency Swaps ..........................................
1. o/w prime brokered.............................................
2. o/w retail-driven.................................................
OTC OPTIONS (sum of bought and sold)4
1. With reporting dealers .........................................
a. Local ..........................................................
b. Cross-border.................................................
2. With other financial institutions................................
a. Local ..........................................................
b. Cross-border.................................................
c. Non-reporting banks ........................................
d. Institutional investors .......................................
e. Hedge funds and proprietary trading firms ...............
f. Official sector financial institutions ........................
g. Others ........................................................
h. Undistributed ................................................
3. With nonfinancial customers ..................................
a. Local ..........................................................
b. Cross-border.................................................
TOTAL OTC OPTIONS
1. o/w prime brokered.............................................
2. o/w retail-driven.................................................
TOTAL FX CONTRACTS ........................................
1. o/w prime brokered.............................................
2. o/w retail-driven.................................................
ARS AUD BGN BHD BRL CAD CHF
Total turnover in listed currencies against all other currencies2
CLP CNY COP CZK DKK GBP HKD HUF IDR ILS INR KRW LTL LVL MXN MYR NOK NZD PEN PHP PLN RON RUB SAR SEK SGD THB TRY TWD ZAR Other
1.
1.a.
1.b.
2.
2.a.
2.b.
2.c.
2.d.
2.e.
2.f.
2.g.
2.h.
3.
3.a.
3.b.
1.
2.
1.
1.a.
1.b.
2.
2.a.
2.b.
2.c.
2.d.
2.e.
2.f.
2.g.
2.h.
3.
3.a.
3.b.
1.
2.
1.
2.
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" in tables A4, A5, and "residual" in table A5. Trades involving the domestic currency, the USD, the EUR or the JPY in one leg, and any of the currencies listed in this table in the other leg, should be allocated to the relevant currency column in this table once; these
deals should correspond to the ones reported in columns "other" of tables A4 and A5. Trades between any two currencies listed in this table should be reported in both relevant currency columns, thus summing to 200% of the deal; these trades should correspond to the ones reported in column "residual" in table A5.
Currencies subject to compulsory reporting have been marked in blue.
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.
04/2022
FR 3036
Page 11 of 14
Central Bank Survey of Foreign Exchange and Derivatives Market Activity
Table A7—Settlement of Foreign Exchange Transactions
Turnover in nominal or notional principal amounts in April 2022
All Counterparties
U.S. Dollar Amounts in Millions
1. Total turnover (grand total in Table A5)1 ................................................................................
a. Turnover to be settled with a single payment (i.e., non-deliverable)2 ............................................
b. Turnover to be settled with two payments (i.e., spot and forwards) ..............................................
c. Turnover to be settled with four payments (i.e., swaps) ...........................................................
2. Two sided turnover subject to netting (before netting) ................................................................
a. Net payable amount of two sided turnover subject to netting (after netting) ....................................
3. Payment versus payment (PvP = 3a + 3b + 3c) .......................................................................
a. Via CLS .................................................................................................................
b. Via other PvP or equivalent settlement methods ...................................................................
c. Via “same clearer” or “on-us” accounts without exposure to settlement risk ....................................
4. Non-PvP ....................................................................................................................
a. Via “same clearer” or “on-us” accounts with exposure to settlement risk........................................
Reporting Dealers
Other Financial
Institutions
Non-financial
Customers
o/w CLS
o/w CLS
o/w CLS
o/w CLS
Total Eligible Pairs Total Eligible Pairs Total Eligible Pairs Total Eligible Pairs
1.
1.a.
1.b.
1.c.
2.
2.a.
3.
3.a.
3.b.
3.c.
4.
4.a.
1. Total turnover in this table excludes item "other products" from Table A5.
2. Shaded cells should not be reported. To avoid double reporting, only pay side should be included.
04/2022
A
B
C
D
E
F
G
H
I
J
K
L
M
N O
P
Q
R
SETTLEMENT OF FOREIGN EXCHANGE TRANSACTIONS
April-2024
All data should be rounded to the nearest million US dollars in each box: e.g. $2,300,000 entered as 2.
The data should cover all April 2024 Working Days
1
2
3
All counterparties
4
Section
Category
A – Gross financial
obligations settled
B – Payment versus
Payment (PvP) systems
Other financial institutions
Non-financial institutions
Percentage check
o/w CLS eligible pairs
Total
o/w CLS eligible pairs
Total
o/w CLS eligible
pairs
Total
o/w CLS eligible
pairs
0
0
0
0
0
0
0
0
0
0
#DIV/0!
0
0
#DIV/0!
0
0
a) o/w Inter-branch settlement
[gross]
0
0
b) o/w Inter-affiliate settlement
[gross]
0
0
c) o/w amounts settled over bank accounts where the
Reporting Dealer has direct control over the timing of
settlement
[gross]
0
0
5) Trades settled on a gross bilateral basis
[gross]
0
0
a) o/w trades eligible for applicable PvP systems but settled
on a gross bilateral basis
[gross]
0
0
b) o/w trades not eligible for applicable PvP systems and
settled on a gross bilateral basis
[gross]
0
0
i) o/w currency pair is not eligible for applicable PvP systems
[gross]
0
0
ii) o/w trade type is not eligible for applicable PvP systems
[gross]
0
0
iii) o/w counterparty is not a member (direct or indirect) of
applicable PvP systems
[gross]
0
0
6) Trades that had an original settlement date in the reporting
month but failed to settle during the reporting month
[gross]
0
0
5
6
Reporting Dealers
Total
1) Total gross financial obligations settled
2) Settlement via applicable PvP systems
[gross]
#DIV/0!
7
8
C – External settlement
methods
3) Settlement subject to netting
[gross]
a) o/w net amount
[value after netting]
9
4) Gross amounts settled internally
Error Definition
Totals do not match as expected
Section A (Row 6) - [ 1 = 2 + 3 + 4 + 5]
Section D (Row 10 ) - [4 = 4a + 4b + 4c]
Section E (Row 14) - [ 5 = 5a + 5b]
o/w should not be greater then associated Total
(e.g. 3a should not be greater then 3)
0
0
0
0
0
0
#DIV/0!
10
11
D – Internal settlement
methods
12
13
14
15
16
E – Gross settlement
17
18
19
20
F - Failed trades
21
22
23
24
Grey shaded cells are totals calculated from the input data. Dotted cells should not be reported.
Note: If the error is occurring due to rounding please
ignore
0
0
0
0
0
0
#DIV/0!
FR 3036
Page 12 of 14
Central Bank Survey of Foreign Exchange and Derivatives Market Activity
Table B1—Single-Currency Interest Rate Derivatives¹
Turnover in nominal or notional principal amounts in April 2022
U.S. Dollar Amounts in Millions ARS AUD BGN BHD BRL CAD CHF
INSTRUMENTS
FORWARD RATE AGREEMENTS
1. With reporting dealers ..............
a. Local ...............................
b. Cross-border......................
2. With other financial institutions.....
a. Local ...............................
b. Cross-border......................
3. With nonfinancial customers .......
a. Local ...............................
b. Cross-border......................
TOTAL FORWARD RATE AGREEMENTS . .
1. o/w back-to-back trades ............
2. o/w compression trades ............
2
related party trades
OVERNIGHT INDEXED SWAPSo/w
1. With reporting dealers ..............
a. Local ...............................
b. Cross-border......................
2. With other financial institutions.....
a. Local ...............................
b. Cross-border......................
3. With nonfinancial customers .......
a. Local ...............................
b. Cross-border......................
TOTAL OVERNIGHT INDEXED SWAPS . .
1. o/w back-to-back trades ............
2. o/w compression trades ............
o/w related party trades
OTHER SWAPS2
1. With reporting dealers ..............
a. Local ...............................
b. Cross-border......................
2. With other financial institutions.....
a. Local ...............................
b. Cross-border......................
3. With nonfinancial customers .......
a. Local ...............................
b. Cross-border......................
TOTAL OTHER SWAPS ..............
1. o/w back-to-back trades ............
2. o/w compression trades ............
CLP CNY COP CZK DKK EUR GBP HKD HUF
IDR
ILS
INR
JPY KRW
LTL
LVL
MXN MYR NOK NZD PEN PHP PLN RON RUB SAR SEK SGD THB
TRY TWD USD ZAR Other Total
1.
1.a.
1.b.
2.
2.a.
2.b.
3.
3.a.
3.b.
1.
2.
1.
1.a.
1.b.
2.
2.a.
2.b.
3.
3.a.
3.b.
1.
2.
1.
1.a.
1.b.
2.
2.a.
2.b.
3.
3.a.
3.b.
1.
2.
o/w related party trades
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.
04/2022
FR 3036
Page 13 of 14
Central Bank Survey of Foreign Exchange and Derivatives Market Activity
Table B2—Single-Currency Interest Rate Derivatives¹
Turnover in nominal or notional principal amounts in April 2022
U.S. Dollar Amounts in Millions
ARS AUD BGN BHD BRL CAD CHF
CLP CNY COP CZK DKK EUR GBP HKD HUF
IDR
ILS
INR
JPY KRW
LTL
LVL
MXN MYR NOK NZD PEN PHP PLN RON RUB SAR SEK SGD THB
INSTRUMENTS
OTC OPTIONS (sum of bought and sold)
1. With reporting dealers .............
a. Local ..............................
b. Cross-border.....................
2. With other financial institutions....
a. Local ..............................
b. Cross-border.....................
3. With nonfinancial customers ......
a. Local ..............................
b. Cross-border.....................
TOTAL OTC OPTIONS...............
1. o/w back-to-back trades ...........
2. o/w compression trades ...........
OTHER PRODUCTS2.................
1. o/w back-to-back trades ...........
2. o/w compression trades ...........
TOTAL INTEREST RATE CONTRACTS3
1. o/w related party trades4 ..........
2. o/w back-to-back trades ...........
3. o/w compression trades ...........
TRY TWD USD ZAR Other Total
1.
1.a.
1.b.
2.
2.a.
2.b.
3.
3.a.
3.b.
1.
2.
1.
2.
1.
2.
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 plain vanilla components is impractical or impossible.
3. It includes forward rate agreement, interest rate swaps, options and other products.
4. Trades between desks and offices, and trades with own branches and subsidiaries and between affiliated firms (regardless of whether the counterparty is resident in the same country as the reporting dealer or in another country).
Back-to-back deals and trades to facilitate internal bookkeeping and internal risk management within a given institution are not to be reported in the context of the triennial survey.
04/2022
FR 3036
Page 14 of 14
Central Bank Survey of Foreign Exchange and Derivatives Market Activity
Table C2—Execution Method for Foreign Exchange Contracts
Turnover in nominal or notional principal amounts in April 2022
Voice
Electronic
Direct
U.S. Dollar Amounts in Millions
Direct
Singlebank proprietary
trading
Indirect system
Other
Indirect
Anonymous
Venues
Disclosed
Venues
Unallocated
Total1
INSTRUMENTS
SPOT
1. With reporting dealers ..............................
a. Local ...............................................
b. Cross-border......................................
2. With other financial institutions.....................
3. With nonfinancial customers .......................
TOTAL SPOT...........................................
OUTRIGHT FORWARDS
1. With reporting dealers ..............................
a. Local ...............................................
b. Cross-border......................................
2. With other financial institutions.....................
3. With nonfinancial customers .......................
TOTAL OUTRIGHT FORWARDS....................
FOREIGN EXCHANGE SWAPS
1. With reporting dealers ..............................
a. Local ...............................................
b. Cross-border......................................
2. With other financial institutions.....................
3. With nonfinancial customers .......................
TOTAL FOREIGN EXCHANGE SWAPS ...........
CURRENCY SWAPS
1. With reporting dealers ..............................
a. Local ...............................................
b. Cross-border......................................
2. With other financial institutions.....................
3. With nonfinancial customers .......................
TOTAL CURRENCY SWAPS ........................
OTC OPTIONS
1. With reporting dealers ..............................
a. Local ...............................................
b. Cross-border......................................
2. With other financial institutions.....................
3. With nonfinancial customers .......................
TOTAL OTC OPTIONS................................
TOTAL FX CONTRACTS .............................
1.
1.a.
1.b.
2.
3.
1.
1.a.
1.b.
2.
3.
1.
1.a.
1.b.
2.
3.
1.
1.a.
1.b.
2.
3.
1.
1.a.
1.b.
2.
3.
1. Total Spot, Outright forwards, and FX swaps should be consistent with amounts reported in A2; currency swaps and OTC options should be
consistent with the amounts reported in table A5.
04/2022
| File Type | application/pdf |
| File Modified | 2025-04-30 |
| File Created | 2024-04-24 |