Data Dictionary
Item Number A125
SPOT FOREIGN EXCHANGE CONTRACTS WITH RELATED DEPOSITORY INSTITUTIONSCall confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| RCFDA125 | 1995-06-30 | 9999-12-31 | Yes | FFIEC 002 |
Data Description:
Includes the gross amount (stated in U.S. dollars) of all spot contracts with related depository institutions committing the reporting branch or agency to purchase foreign (non-U.S.) currencies and U.S. dollar exchange that are outstanding as of the report date.
A spot contract is an agreement for the immediate delivery, usually within two business days, of a foreign currency at the prevailing cash market rate. Spot contracts are considered outstanding (i.e., open) until they have been cancelled by acquisition or delivery of the underlying currencies.
Only one side of a spot foreign exchange contract is reported. In those transactions where foreign (non-U.S.) currencies are bought or sold against U.S. dollars, only that side of the transaction that involves the foreign (non-U.S.) currency is reported. For example, if the reporting branch or agency enters into a spot contract which obligates the branch or agency to purchase U.S. dollar exchange against which it sells deutsche marks, then the branch or agency reports (in U.S. dollar equivalent values) the amount of deutsche marks sold in this item. In cross-currency spot foreign exchange transactions, which involves the purchase and sale of two non-U.S. currencies, only the purchase side is reported (in U.S. dollar equivalent values).
NOTE:
Reported in Schedule M for the FFIEC 002 report. Also reported confidential.