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Survey of Foreign Exchange and Derivatives Market Activity in Russian Federation (based on methodology of Bank for International Settlements)

Table Complementary

Central Bank Survey of Foreign Exchange and Derivatives Market Activity
COMPLEMENTARY INFORMATION REQUIREMENTS

Country RUSSIA
1. Information on the number of business days Number of days 23
2. Information on coverage and concentration FX Turnover Derivatives Turnover
a) The final number of participating institutions 120 105
b) The number of institutions accounting for 75 percent of the reported totals. 18 16
3. Data on forward contracts for differences (incl. non-deliverable forwards)
Turnover of forward contracts where only the difference between the contracted forward outright rate and the prevailing spot rate is settled at maturity.
G10 currencies only(1) Non-G10 currencies(2)
In Africa & Middle East In Asia & Pacific In Europe In Latin America & Caribbean
Turnover of forward contracts for differences (in millions of US dollar) 7,486 32 772 75,839 0
(1) Contracts that only involve G10 currencies on both sides of the transaction.
(2) Contracts that involve G10 currencies only on one side of the transaction or non-G10 currencies on both sides of the transaction. In case of transactions involving non-G10 currencies from different regional areas, please split the notional amount evenly between the two relevant columns in the form.

Table A1

Central Bank Survey of Foreign Exchange and Derivatives Market Activity
FOREIGN EXCHANGE CONTRACTS1
Turnover in nominal or notional principal amounts in August 2007
(in millions of USD)

Instruments Domestic currency against
USD EUR JPY GBP CHF CAD AUD SEK Other2 TOT
SPOT3
with reporting dealers 455,835 20,438 43 21 2 2 8 1 476,350
— local 344,748 6,507 24 10 2 2 8 1 351,302
— cross-border 111,087 13,931 19 11 0 125,048
with other financial institutions 141,262 7,233 1 41 3 6 14 148,560
— local 81,134 4,400 1 18 1 6 8 85,569
— cross-border 60,128 2,833 23 2 6 62,991
with non-financial customers 169,737 12,355 40 100 63 2 0 11 698 183,006
— local 43,276 5,514 38 50 57 2 0 10 698 49,646
— cross-border 126,461 6,841 3 50 6 0 0 0 133,360
TOTAL 766,835 40,025 85 162 68 5 0 25 713 807,917
OUTRIGHT FORWARDS 4
with reporting dealers 25,270 541 42 25,852
— local 4,034 23 4,057
— cross-border 21,235 518 42 21,795
with other financial institutions 37,652 552 38,204
— local 34,181 537 34,718
— cross-border 3,471 15 3,486
with non-financial customers 10,059 1,362 1 1 11,423
— local 6,259 645 1 1 6,905
— cross-border 3,800 717 4,518
TOTAL 72,981 2,455 42 1 1 75,479
Maturities
seven days or less 3,795 215 4 4,014
over seven days and up to one year 66,389 2,112 37 1 1 68,540
over one year 2,797 128 2,925
FOREIGN EXCHANGE SWAPS 5
with reporting dealers 223,899 2,315 226,213
— local 156,710 2,087 158,796
— cross-border 67,189 228 67,417
with other financial institutions 67,817 3,707 71,524
— local 56,735 3,361 60,096
— cross-border 11,082 346 11,428
with non-financial customers 5,426 1,436 0 0 0 6,862
— local 0 0 0 0 0 0
— cross-border 5,426 1,436 6,862
TOTAL 297,141 7,457 0 0 0 304,599
Maturities
seven days or less 293,374 6,962 0 0 0 300,336
over seven days and up to one year 3,549 324 3,873
over one year 218 171 389
1 All transactions involving exposure to more than one currency, whether in interest rates or exchange rates.
2 See also table A4 for a more detailed breakdown of total turnover in "other“currencies.
3 Excluding “tomorrow/next day” transactions.
4 Including non-deliverable forwards and other contracts-for-differences.
5 A swap is considered to be a single transaction in that the two legs are not counted separately. Includes “tomorrow/next day” transactions.

Table A2

Central Bank Survey of Foreign Exchange and Derivatives Market Activity
FOREIGN EXCHANGE CONTRACTS1
Turnover in nominal or notional principal amounts in August 2007
(in millions of USD)

Instruments USD against
EUR JPY GBP CHF CAD AUD SEK Other2 TOT
SPOT3
with reporting dealers 128,379 23,900 30,934 735 612 853 33 3,418 188,864
— local 34,097 9,617 10,439 105 225 4 0 26 54,512
— cross-border 94,281 14,283 20,496 631 387 850 32 3,392 134,352
with other financial institutions 42,125 3,860 7,658 312 849 123 4 1,147 56,078
— local 17,189 541 1,747 144 627 1 2 9 20,260
— cross-border 24,937 3,318 5,910 167 222 123 2 1,138 35,818
with non-financial customers 80,760 3,497 14,599 314 20,628 475 7 122 120,402
— local 2,091 282 1,360 198 65 44 6 59 4,105
— cross-border 78,669 3,215 13,238 116 20,563 431 1 63 116,297
TOTAL 251,264 31,256 53,191 1,360 22,089 1,452 44 4,687 365,343
OUTRIGHT FORWARDS4
with reporting dealers 566 124 107 60 11 237 1,105
— local 7 7
— cross-border 560 124 107 60 11 237 1,098
with other financial institutions 138 2 22 5 1 2 206 376
— local 34 34
— cross-border 104 2 22 5 1 2 206 342
with non-financial customers 1,376 375 4,052 2 451 1 6,256
— local 247 247
— cross-border 1,129 375 4,052 2 451 1 6,009
TOTAL 2,080 501 4,182 65 3 463 443 7,737
Maturities
seven days or less 374 116 1,742 65 1 186 173 2,657
over seven days and up to one year 1,313 385 2,439 2 277 270 4,687
over one year 393 393
FOREIGN EXCHANGE SWAPS5
with reporting dealers 158,478 30,189 36,659 2,803 13,771 877 46 6,048 248,871
— local 40,364 12,349 15,482 528 1,235 2 117 70,078
— cross-border 118,113 17,841 21,177 2,275 12,536 875 46 5,931 178,793
with other financial institutions 42,766 4,945 3,079 2,074 573 168 1 2,282 55,888
— local 23,904 628 496 164 139 1 25,332
— cross-border 18,863 4,317 2,583 1,909 435 168 2,282 30,556
with non-financial customers 5,700 7,306 9,056 807 746 36 1 420 24,070
— local 713 107 933 218 120 22 24 2,136
— cross-border 4,987 7,199 8,123 589 626 15 1 395 21,935
TOTAL 206,944 42,440 48,794 5,683 15,090 1,081 47 8,749 328,829
Maturities
seven days or less 204,387 41,545 48,740 5,650 15,086 1,069 47 8,545 325,069
over seven days and up to one year 2,516 895 54 33 4 12 204 3,719
over one year 41 41

1 All transactions involving exposure to more than one currency, whether in interest rates or exchange rates.
2 See also table A4 for a more detailed breakdown of total turnover in “other” currencies.
3 Excluding “tomorrow/next day” transactions.
4 Including non-deliverable forwards and other contracts-for-differences.
5 A swap is considered to be a single transaction in that the two legs are not counted separately. Includes “tomorrow/next day” transactions.

Table A3

Central Bank Survey of Foreign Exchange and Derivatives Market Activity
FOREIGN EXCHANGE CONTRACTS1
Turnover in nominal or notional principal amounts in August 2007
(in millions of USD)

Instruments EUR against RESI-
DUAL3
GRAND
TOTAL4
JPY GBP CHF CAD AUD SEK Other2 TOT
SPOT5
with reporting dealers 5,878 1,893 238 14 186 2 3 8,215 1,774 675,203
— local 1,183 92 34 1 1,310 13 407,137
— cross-border 4,695 1,802 204 14 186 2 3 6,905 1,760 268,066
with other financial institutions 930 344 189 0 0 11 1,475 586 206,699
— local 235 30 6 0 0 6 277 11 106,117
— cross-border 694 315 183 0 6 1,198 575 100,582
with non-financial customers 2,160 1,136 38 0 3 1 1 3,337 476 307,222
— local 268 29 24 0 3 1 1 325 379 54,454
— cross-border 1,892 1,107 14 3,013 98 252,767
TOTAL 8,968 3,374 465 15 189 3 15 13,027 2,836 1,189,123
OUTRIGHT FORWARDS6
with reporting dealers 14 55 14 83 140 27,180
— local 4,064
— cross-border 14 55 14 83 140 23,116
with other financial institutions 1 2 3 103 38,686
— local 34,752
— cross-border 1 2 3 103 3,934
with non-financial customers 513 70 583 1 18,263
— local 7,152
— cross-border 513 70 583 1 11,111
TOTAL 527 70 57 14 668 243 84,128
Maturities
seven days or less 198 1 2 201 86 6,958
over seven days and up to one year 329 69 55 14 468 157 73,852
over one year 3,319
FOREIGN EXCHANGE SWAPS7
with reporting dealers 10,447 2,090 70 90 316 0 30 13,043 3,511 491,638
— local 2,796 45 2,841 404 232,120
— cross-border 7,651 2,045 70 90 316 0 30 10,202 3,106 259,519
with other financial institutions 125 228 10 363 1,142 128,916
— local 69 33 6 109 85,537
— cross-border 56 194 4 254 1,142 43,380
with non-financial customers 513 57 37 607 458 31,997
— local 66 48 37 151 12 2,299
— cross-border 447 9 456 446 29,698
TOTAL 11,085 2,375 117 90 316 0 30 14,013 5,110 652,551
Maturities
seven days or less 11,078 2,375 111 90 316 0 16 13,986 4,938 644,330
over seven days and up to one year 7 7 14 27 172 7,791
over one year 430

1 All transactions involving exposure to more than one currency, whether in interest rates or exchange rates.
2 See also table A4 for a more detailed breakdown of total turnover in “other” currencies.
3 “Residual” covers all currency pairs except those involving the domestic currency, the USD and the euro.
4 Covers the sum of the totals in tables A1, A2, A3 and the column “Residual”.
5 Excluding “tomorrow/next day” transactions.
6 Including non-deliverable forwards and other contracts-for-differences.
7 A swap is considered to be a single transaction in that the two legs are not counted separately. Includes “tomorrow/next day” transactions.

Table A4

Central Bank Survey of Foreign Exchange and Derivatives Market Activity
FOREIGN EXCHANGE CONTRACTS1
Turnover in nominal or notional principal amounts in August 2007
(in millions of USD)

Instruments Total turnover in listed currencies against all other currencies2
ARS AUD BGN BHD BRL CAD CHF CLP CNY COP CZK DKK EEK GBP HKD HUF IDR ILS INR JPY KRW LTL LVL MXN MYR NOK NZD PEN PHP PLN RON RUB SAR SEK SGD SKK THB TRL TWD ZAR OTHER
SPOT3
with reporting dealers 5 15 1 0 1 0 0 15 295 5 86 2,131 4,415
— local 2 33 19
— cross-border 5 15 1 0 1 0 0 13 262 5 86 2,131 4,396
with other financial institutions 23 0 0 0 0 3 14 1 22 2,280
— local 23 0 0 0 3 18
— cross-border 0 0 14 1 22 2,262
with non-financial customers 3 7 0 0 0 0 135 143 2 0 9 1,474
— local 3 7 0 0 0 4 94 2 0 3 1,401
— cross-border 0 0 131 49 0 6 73
TOTAL 23 9 22 1 0 1 0 0 0 153 452 8 86 2,162 8,169
OUTRIGHT FORWARDS4
with reporting dealers 62 40 428
— local
— cross-border 62 40 428
with other financial institutions 411
— local
— cross-border 411
with non-financial customers 2
— local
— cross-border 2
TOTAL 62 42 839
Maturities
seven days or less 5 340
over seven days and up to one year 57 42 499
over one year
FOREIGN EXCHANGE SWAPS5
with reporting dealers 8 692 591 64 1,698 10,047
— local 692 104 130
— cross-border 8 487 64 1,698 9,917
with other financial institutions 1,427 0 3 1 3,134
— local
— cross-border 1,427 0 3 1 3,134
with non-financial customers 496 833 6
— local 0 43 6
— cross-border 496 791
TOTAL 8 2,614 1,425 67 1,705 13,181
Maturities
seven days or less 8 2,614 1,334 41 1,657 12,784
over seven days and up to one year 91 26 48 397
over one year

1 All transactions involving exposure to more than one currency, whether in interest rates or exchange rates.
2 Only transactions which are included in the columns “other” in tables A1, A2 and A3 and “residual” in table A3. Direct offshore cross-trades between two currencies listed in this table should be reported in both of the relevant currency columns making up 200% of the deal. For further explanation on how to complete table A4 please refer to “currency breakdown across tables” in the instructions sheet.
3 Excluding “tomorrow/next day” transactions.
4 Including non-deliverable forwards and other contracts-for-differences.
5 A swap is considered to be a single transaction in that the two legs are not counted separately. Includes “tomorrow/next day” transactions.

Table A5

Central Bank Survey of Foreign Exchange and Derivatives Market Activity
FOREIGN EXCHANGE CONTRACTS1
Turnover in nominal or notional principal amounts in August 2007
(in millions of USD)

Instruments Domestic currency against
USD EUR JPY GBP CHF CAD AUD SEK Other2 TOT
CURRENCY SWAPS3
with reporting dealers
— local
— cross-border
with other financial institutions
— local
— cross-border
with non-financial customers
— local
— cross-border
TOTAL
OTC OPTIONS4
Sold
with reporting dealers 253 21 274
— local
— cross-border 253 21 274
with other financial institutions
— local
— cross-border
with non-financial customers 154 19 173
— local 154 19 173
— cross-border
TOTAL 407 39.4 446
Bought
with reporting dealers 224 224
— local
— cross-border 224 224
with other financial institutions
— local
— cross-border
with non-financial customers 149 58 207
— local 149 58 207
— cross-border
TOTAL 373 58.2 431
TOTAL OTC OPTIONS 780 98 877
TOTAL FX CONTRACTS 1,137,737 50,035 127 163 68 5 0 25 713 1,188,872

1 All transactions involving exposure to more than one currency, whether in interest rates or exchange rates.
2 See also table A8 for a more detailed breakdown of total turnover in “other” currencies.
3 A swap is considered to be a single transaction in that the two legs are not counted separately.
4 Including currency warrants and multicurrency swaptions.

Table A6

Central Bank Survey of Foreign Exchange and Derivatives Market Activity
FOREIGN EXCHANGE CONTRACTS1
Turnover in nominal or notional principal amounts in August 2007
(in millions of USD)

Instruments USD against
EUR JPY GBP CHF CAD AUD SEK Other2 TOT
CURRENCY SWAPS3
with reporting dealers
— local
— cross-border
with other financial institutions
— local
— cross-border
with non-financial customers
— local
— cross-border
TOTAL
OTC OPTIONS4
Sold
with reporting dealers 176 10 99 50 335
— local
— cross-border 176 10 99 50 335
with other financial institutions 14 20 33
— local
— cross-border 14 20 33
with non-financial customers 162 162
— local 162 162
— cross-border
TOTAL 352 10 119 50 531
Bought
with reporting dealers 176 10 186
— local
— cross-border 176 10 186
with other financial institutions
— local
— cross-border
with non-financial customers
— local
— cross-border
TOTAL 176 10 186
TOTAL OTC OPTIONS 528 20 119 50 717
TOTAL FX CONTRACTS 460,816 74,218 106,286 7,109 37,183 2,995 91 13,929 702,626

1 All transactions involving exposure to more than one currency, whether in interest rates or exchange rates.
2 See also table A8 for a more detailed breakdown of total turnover in “other” currencies.
3 A swap is considered to be a single transaction in that the two legs are not counted separately.
4 Including currency warrants and multicurrency swaptions.

Table A7

Derivatives Market Activity
FOREIGN EXCHANGE CONTRACTS1
Turnover in nominal or notional principal amounts in August 2007
(in millions of USD)

Instruments EUR against RESI-
DUAL3
GRAND
TOTAL4
JPY GBP CHF CAD AUD SEK Other2 TOT
CURRENCY SWAPS5
with reporting dealers
— local
— cross-border
with other financial institutions
— local
— cross-border
with non-financial customers
— local
— cross-border
TOTAL
OTC OPTIONS6
Sold
with reporting dealers 14 25 634
— local
— cross-border 14 25 634
with other financial institutions 33
— local
— cross-border 33
with non-financial customers 335
— local 335
— cross-border
TOTAL 14 25 1,003
Bought
with reporting dealers 410
— local
— cross-border 410
with other financial institutions
— local
— cross-border
with non-financial customers 207
— local 207
— cross-border
TOTAL 617
TOTAL OTC OPTIONS 14 25 1,619
Other products7
TOTAL FX CONTRACTS 20,594 5,819 639 105 504 3 58 27,709 8,215 1,927,422
of which:
Related party trades8

1 All transactions involving exposure to more than one currency, whether in interest rates or exchange rates.
2 See also table A8 for a more detailed breakdown of total turnover in “other” currencies.
3 “Residual” covers all currency pairs except those involving the domestic currency, the USD and the euro.
4 Covers the sum of the totals in tables A5, A6, A7 and the column “Residual”.
5 A swap is considered to be a single transaction in that the two legs are not counted separately.
6 Including currency warrants and multicurrency swaptions.
7 Any instrument where the transaction is highly leveraged and/or the notional amount is variable and where a decomposition into individual plain vanilla components is impractical or impossible.
8 Trades with own branches and subsidiaries and between affiliated firms except those with own offices in the same country, back-to-back deals and trades to facilitate internal bookkeeping and internal risk management within a given institution that must not be reported in the context of the triennial survey.

Table A8

Central Bank Survey of Foreign Exchange and Derivatives Market Activity
FOREIGN EXCHANGE CONTRACTS1
Turnover in nominal or notional principal amounts in August 2007
(in millions of USD)

Instruments Total turnover in listed currencies against all other currencies2
ARS AUD BGN BHD BRL CAD CHF CLP CNY COP CZK DKK EEK GBP HKD HUF IDR ILS INR JPY KRW LTL LVL MXN MYR NOK NZD PEN PHP PLN RON RUB SAR SEK SGD SKK THB TRL TWD ZAR OTHER
CURRENCY SWAPS3
with reporting dealers
— local
— cross-border
with other financial institutions
— local
— cross-border
with non-financial customers
— local
— cross-border
TOTAL
OTC OPTIONS4
Sold
with reporting dealers 100
— local
— cross-border 100
with other financial institutions
— local
— cross-border
with non-financial customers
— local
— cross-border
TOTAL 100
Bought
with reporting dealers
— local
— cross-border
with other financial institutions
— local
— cross-border
with non-financial customers
— local
— cross-border
TOTAL
TOTAL OTC OPTIONS 100
TOTAL FX CONTRACTS 23 9 30 1 0 1 0 0 0 2,767 1,939 8 152 3,908 22,289

1 All transactions involving exposure to more than one currency, whether in interest rates or exchange rates.
2 Only transactions which are included in the columns “other” in tables A5, A6 and A7 and and “residual” in table A7. Direct offshore cross-trades between two currencies listed in this table should be reported in both of the relevant currency columns making up 200% of the deal. For further explanation on how to complete table A4 please refer to “currency breakdown across tables” in the instructions sheet.
3 A swap is considered to be a single transaction in that the two legs are not counted separately.
4 Including currency warrants and multicurrency swaptions.
Updated September 25, 2007.