Data Dictionary
Item Number 5776
STANDBY CONTRACTS AND OTHER OPTION ARRANGEMENTSCall confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| RCFD5776 | 1991-06-30 | 1995-03-31 | Yes | FFIEC 002 |
Data Description:
Reported on a gross basis is the aggregate par value of the financial instruments that the reporting branch or agency, including its IBF, has, for compensation (such as a fee or premium), obligated itself to either purchase or sell under option contracts that are outstanding as of the report date (i.e., written option contracts). In the case of option contracts obligating the reporting branch or agency, including its IBF, to either purchase or sell an interest rate futures contract, the value of the financial instrument underlying the futures contract is reported. Obligations of the branch or agency (or its IBF) to buy against obligations of the branch or agency (or its IBF) to sell are not to be netted.
Excludes contracts under which the reporting branch or agency, including its IBF, has purchased an option to either buy or sell financial instruments where the other party to the contract is obligated to sell or buy the instrument if the branch or agency or IBF exercises its option. Also excludes option contracts involving foreign exchange, which are reported in item 3415.
NOTE:
Excludes all transactions with related depository institutions.
Reported only by the FFIEC 002 reporters.
Standby contracts and other option arrangements are option contracts which conveys either the right or the obligation, depending upon whether the reporting branch or agency is the purchaser or the writer, respectively to buy or sell a financial instrument or an interest rate futures contract on a financial instrument at a specified price by a specified future date.