Data Dictionary
Item Number 5775
FUTURES AND FORWARD CONTRACTSCall confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| RCFD5775 | 1991-06-30 | 1995-03-31 | Yes | FFIEC 002 |
Data Description:
Includes futures and forward contracts committing the reporting branch or agency to purchase or sell financial instruments. Futures and forward contracts are agreements for delayed delivery of financial instruments in which the buyer agrees to purchase and the seller agrees to deliver, at a specified future date, a specified instrument at a specified price or yield.
Reported on a gross basis is the aggregate par value of both futures contracts and forward commitments that have been entered into by the reporting branch or agency, including its IBF, and are outstanding (i.e., open contracts) as of the report date. The par value of financial instruments intended to be delivered under such contracts if this par value differs from the par value of the contracts themselves is not reported.
Excludes futures and forward contracts involving foreign exchange, which are reported in item 3415. Also excludes commitments to purchase and sell when-issued securities which are reported in item 1886.
Outstanding contracts to purchase and outstanding contracts to sell are not to be netted.
NOTE:
Excludes all transactions with related depository institutions.
Reported in Schedule L, for the FFIEC 002 report only.
Contracts are outstanding (i.e., open) until they have been cancelled by acquisition or delivery of the underlying financial instruments or, for futures contracts, by offset. ("Offset" is the purchase and sale of an equal number of contracts on the same underlying instrument for the same delivery month, executed through the same broker or dealer, and executed on the same exchange.)
Does not include regular way settlements, that is, cash market transactions that are settled in one day for U.S. Treasury and Government agency and corporation securities (other than Government-guaranteed mortgage pass-through certificates), five days for municipal and corporate securities, and up to 60 days for mortgage pass-through certificates. Cash market transactions that exceeds regular way settlement time limits must be reported in this item.