Data Dictionary
Item Number C936
ULTIMATE-RISK BASIS: CROSS-BORDER AND FOREIGN-OFFICE COMMITMENTS AND GUARANTEES - UNUSED COMMITMENTSCall confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| CEXAC936 | 2013-12-31 | 9999-12-31 | No | FFIEC 009a |
| FCEXC936 | 2006-03-31 | 9999-12-31 | Yes | FFIEC 009 |
Data Description:
Report on an "ultimate risk" bais (i.e., after risk transfers due to head ofices of bank branches or credit protection provided by third parties), the unused portions of all outstanding cross-border and local office commitments to provide credit. Include the unused portion of all outstanding letters of credit and amounts outstanding of purchases of risk participations. Commitments are legally binding agreements for which the reporter has charged a commitment fee or other consideration. Exclude "best efforts" letters and letters in which the pricing is indicative and not determined until launch date, or for which the banking institution has no commitment to buy the assets for its own account. Exclude any such commitments that cover obligations of U.S. residents. Exclude cross-border commitments (such as those under commercial letters of credit) that can be cancelled, at the option of the reporter, upon the occurrence of a sovereign event. Also exclude financial and performance standby letters of credit. (Outstanding and unused financial and performance standby letters of credit should be reported as guarentees in Column 23).
In case of commitments for syndicated loans, the lead underwriter should report only the underwriter's proportional share of the unused commitment. Similarly, contractual underwriting commitments (e.g., revolving underwriting facilities) and other underwriting agreements may be shown net of firm commitments from other parties to purchase the assets without recourse within a short and specific period of time. Accordingly, the reporter should also include its unused obligations to participate in syndicated loans and underwriting managed by other institutions.
Commitments of foreign offices to local residents should be included. Commitments that the ultimate obligor is a resident of the United States should not be reported.
NOTE:
Reported on Schedule 1 for the FFIEC 009 report.