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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 120 103
b) The number of institutions accounting for 75 percent of the reported totals. 19 15
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) 3,350 13 1,022 49,383 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 October 2007
(in millions of USD)

Instruments Domestic currency against
USD EUR JPY GBP CHF CAD AUD SEK Other2 TOT
SPOT3
with reporting dealers 397,631 9,789 9 21 2 0 1 407,454
— local 271,271 5,985 9 20 1 0 1 277,287
— cross-border 126,360 3,804 0 1 1 0 130,167
with other financial institutions 152,707 5,000 3 42 5 15 157,771
— local 92,104 3,739 3 8 3 6 95,863
— cross-border 60,603 1,261 34 2 9 61,909
with non-financial customers 122,924 10,736 58 68 96 0 0 4 598 134,483
— local 41,584 8,127 58 62 90 0 0 4 598 50,524
— cross-border 81,340 2,608 0 6 5 0 0 0 83,960
TOTAL 673,263 25,525 71 130 103 0 0 4 613 699,709
OUTRIGHT FORWARDS4
with reporting dealers 19,003 316 10 19,329
— local 2,424 96 2,520
— cross-border 16,579 220 10 16,808
with other financial institutions 21,886 89 21,975
— local 19,399 85 19,483
— cross-border 2,488 4 2,492
with non-financial customers 5,075 2,820 1 8 7,903
— local 1,828 2,156 1 8 3,993
— cross-border 3,247 663 3,910
TOTAL 45,965 3,224 10 1 8 49,207
Maturities
seven days or less 2,867 224 1 3,092
over seven days and up to one year 41,192 2,877 9 1 8 44,086
over one year 1,906 124 2,029
FOREIGN EXCHANGE SWAPS5
with reporting dealers 173,932 2,380 176,312
— local 126,236 2,185 128,421
— cross-border 47,696 195 47,891
with other financial institutions 59,303 2,841 62,144
— local 51,777 2,789 54,566
— cross-border 7,525 52 7,577
with non-financial customers 9,971 1,860 11,831
— local 3 3
— cross-border 9,968 1,860 11,828
TOTAL 243,206 7,081 250,287
Maturities
seven days or less 239,083 6,938 246,021
over seven days and up to one year 4,018 143 4,161
over one year 105 0 105
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 October 2007
(in millions of USD)

Instruments USD against
EUR JPY GBP CHF CAD AUD SEK Other2 TOT
SPOT3
with reporting dealers 110,719 25,370 25,640 2,609 2,381 1,423 29 2,361 170,532
— local 31,015 11,639 9,965 86 308 109 0 145 53,268
— cross-border 79,703 13,731 15,675 2,523 2,073 1,315 29 2,215 117,264
with other financial institutions 69,966 6,420 12,736 414 1,818 364 2 1,081 92,802
— local 30,171 987 2,946 78 1,417 1 1 3 35,603
— cross-border 39,796 5,433 9,790 336 402 363 2 1,078 57,199
with non-financial customers 58,753 5,971 25,777 275 44,029 1,439 6 137 136,386
— local 5,382 163 2,120 185 81 89 4 37 8,059
— cross-border 53,371 5,808 23,657 90 43,948 1,351 2 101 128,327
TOTAL 239,438 37,761 64,153 3,298 48,228 3,227 38 3,579 399,720
OUTRIGHT FORWARDS4
with reporting dealers 191 110 110 0 340 752
— local 0 0
— cross-border 191 110 110 0 340 752
with other financial institutions 1,267 223 259 2 6 7 395 2,159
— local 25 0 25
— cross-border 1,242 223 259 2 6 7 395 2,133
with non-financial customers 709 0 24 24 0 757
— local 222 0 222
— cross-border 487 24 24 0 534
TOTAL 2,167 333 393 2 30 7 735 3,667
Maturities
seven days or less 199 1 86 27 7 45 365
over seven days and up to one year 1,934 333 307 2 3 0 669 3,249
over one year 33 0 20 53
FOREIGN EXCHANGE SWAPS5
with reporting dealers 140,275 48,440 37,046 2,152 20,941 1,165 54 6,481 256,553
— local 32,139 23,717 16,557 578 1,782 98 25 74,895
— cross-border 108,136 24,722 20,489 1,574 19,159 1,067 54 6,456 181,658
with other financial institutions 34,732 9,166 7,863 955 1,134 676 0 2,320 56,845
— local 17,123 467 885 241 170 1 18,886
— cross-border 17,609 8,699 6,978 714 964 675 0 2,320 37,959
with non-financial customers 8,491 7,100 8,592 503 2,012 102 90 26,890
— local 1,138 113 1,698 87 232 66 50 3,383
— cross-border 7,353 6,988 6,894 416 1,780 36 40 23,507
TOTAL 183,498 64,706 53,501 3,610 24,087 1,942 54 8,891 340,288
Maturities
seven days or less 181,241 64,339 53,456 3,582 24,059 1,942 54 8,819 337,492
over seven days and up to one year 2,229 366 45 28 28 72 2,768
over one year 28 28
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 October 2007
(in millions of USD)

Instruments EUR against RESI-
DUAL3
GRAND
TOTAL4
JPY GBP CHF CAD AUD SEK Other2 TOT
SPOT5
with reporting dealers 2,254 2,058 291 15 32 0 8 4,657 1,321 583,964
— local 112 376 26 514 76 331,145
— cross-border 2,142 1,681 265 15 32 0 8 4,143 1,245 252,820
with other financial institutions 604 941 125 4 1 3 17 1,696 556 252,825
— local 93 50 1 0 144 4 131,614
— cross-border 512 891 123 4 1 3 17 1,552 552 121,212
with non-financial customers 1,390 11,361 315 46 0 1 2 13,117 425 284,412
— local 275 35 158 4 0 1 2 475 321 59,379
— cross-border 1,116 11,326 157 43 0 12,642 104 225,032
TOTAL 4,249 14,360 731 65 34 4 27 19,470 2,302 1,121,201
OUTRIGHT FORWARDS6
with reporting dealers 85 43 128 225 20,433
— local 2,521
— cross-border 85 43 128 225 17,913
with other financial institutions 339 339 197 24,670
— local 19,509
— cross-border 339 339 197 5,162
with non-financial customers 1 1 4 8,664
— local 4 4,219
— cross-border 1 1 4,445
TOTAL 424 1 43 467 426 53,768
Maturities
seven days or less 1 43 43 44 3,545
over seven days and up to one year 424 424 372 48,130
over one year 10 2,093
FOREIGN EXCHANGE SWAPS7
with reporting dealers 289 12,404 225 553 67 2 13,541 3,836 450,242
— local 243 4,614 14 4,872 438 208,625
— cross-border 46 7,790 211 553 67 2 8,669 3,398 241,617
with other financial institutions 94 120 63 43 4 322 1,162 120,473
— local 4 47 1 52 73,504
— cross-border 90 72 62 43 4 271 1,162 46,969
with non-financial customers 298 4,284 84 4,666 453 43,839
— local 77 104 77 258 25 3,669
— cross-border 221 4,180 7 4,408 428 40,170
TOTAL 681 16,807 372 596 67 5 18,529 5,451 614,555
Maturities
seven days or less 681 16,807 365 574 41 5 18,474 5,331 607,318
over seven days and up to one year 7 21 26 0 55 120 7,104
over one year 133
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 October 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 7 39 0 7 0 37 1,159 24 63 827 2,848
— local 6 271 20
— cross-border 7 39 0 7 0 32 888 24 63 827 2,828
with other financial institutions 0 9 0 0 4 354 2 0 1,858
— local 0 3 0 14
— cross-border 0 9 0 0 354 2 1,844
with non-financial customers 7 3 0 0 0 0 98 190 5 0 7 1,277
— local 7 3 0 0 0 0 10 53 5 0 7 1,194
— cross-border 0 0 0 88 137 0 0 82
TOTAL 13 50 0 8 0 0 0 139 1,703 31 63 0 834 5,983
OUTRIGHT FORWARDS4
with reporting dealers 81 11 41 26 674
— local
— cross-border 81 11 41 26 674
with other financial institutions 789
— local
— cross-border 789
with non-financial customers 15
— local 15
— cross-border
TOTAL 81 26 41 26 1,463
Maturities
seven days or less 81 95
over seven days and up to one year 19 41 26 1,335
over one year 7 33
FOREIGN EXCHANGE SWAPS5
with reporting dealers 186 171 855 478 14 104 1,976 10,372
— local 852 49
— cross-border 186 171 3 429 14 104 1,976 10,372
with other financial institutions 1,684 129 2,835
— local
— cross-border 1,684 129 2,835
with non-financial customers 816 164 16
— local 84 16
— cross-border 816 80
TOTAL 186 171 3,354 770 14 104 1,992 13,207
Maturities
seven days or less 93 159 3,354 739 7 55 1,952 13,127
over seven days and up to one year 93 12 1 31 7 48 40 79
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 October 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 1 1
— local
— cross-border 1 1
with other financial institutions
— local
— cross-border
with non-financial customers 29 29
— local
— cross-border 29 29
TOTAL 29.5 30
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 30 30
TOTAL FX CONTRACTS 962,433 35,860 80 131 103 0 0 4 621 999,232
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 October 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 14 14
— local
— cross-border 14 14
with other financial institutions 29 20 49
— local
— cross-border 29 20 49
with non-financial customers 0 0
— local 0 0
— cross-border
TOTAL 42 0 20 63
Bought
with reporting dealers 101 101
— local
— cross-border 101 101
with other financial institutions 28 20 48
— local
— cross-border 28 20 48
with non-financial customers
— local
— cross-border
TOTAL 28 120 149
TOTAL OTC OPTIONS 71 121 20 211
TOTAL FX CONTRACTS 425,173 102,920 118,067 6,910 72,344 5,176 92 13,204 743,887
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 October 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 15
— local
— cross-border 15
with other financial institutions 253 49
— local
— cross-border 253 49
with non-financial customers 29
— local 0
— cross-border 29
TOTAL 253 92
Bought
with reporting dealers 85 101
— local
— cross-border 85 101
with other financial institutions 86 48
— local
— cross-border 86 48
with non-financial customers
— local
— cross-border
TOTAL 171 149
TOTAL OTC OPTIONS 424 241
Other products7
TOTAL FX CONTRACTS 5,778 31,168 1,103 661 101 4 75 38,466 8,179 1,789,765
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 October 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
— local
— cross-border
with other financial institutions
— local
— cross-border
with non-financial customers
— local
— cross-border
TOTAL
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
TOTAL FX CONTRACTS 200 221 0 8 0 0 0 3,494 2,555 70 207 0 2,851 20,653
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 November 16, 2007.