Data Dictionary
Item Number C451
POSITIVE FAIR VALUE OF DERIVATIVE CONTRACTS BETWEEN THE INSURED DEPOSITORY INSTITUTION AND ITS AFFILIATESCall confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| BIDIC451 | 2003-06-30 | 9999-12-31 | Yes | FR Y-8 |
Data Description:
Report the positive fair value of all derivative contracts held by the insured depository institution where an affiliate is the counter-party. Derivative contracts executed with the same counter-parter that meet the criteria for a valid right of setoff contained in FASB Interpretation No. 39 (e.g., those contracts subject to a qualifying master netting arrangement) may be reported on a net basis. Fair value is the amount at which an asset (liability) could be bought (incurred) or sold (settled) in a current transaction between willing parties, that is, other than in a forced or liquidation sale. This value represents the mark-to-market value at the end of each trading day and serves as the reference point for counter-parties maintaining the collateral margin held by the party with a positive fair value. NOTE: Reported on Memorandum for the FR Y-8 (BIDI) report.