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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 20
2. Information on coverage and concentration FX Turnover Derivatives Turnover
a) The final number of participating institutions 120 106
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) 2,301 0 72 34,909 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 September 2007
(in millions of USD)

Instruments Domestic currency against
USD EUR JPY GBP CHF CAD AUD SEK Other2 TOT
SPOT3
with reporting dealers 325,191 13,050 13 11 4 3 0 1 338,272
- local 240,569 6,178 12 7 4 3 0 1 246,774
- cross-border 84,622 6,872 0 4 0 0 91,499
with other financial institutions 110,540 6,433 9 20 2 28 117,032
- local 53,325 3,689 9 4 1 7 57,036
- cross-border 57,215 2,743 0 15 1 21 59,996
with non-financial customers 138,244 12,041 37 90 73 3 1 3 350 150,842
- local 37,183 6,082 21 83 68 3 1 3 350 43,793
- cross-border 101,061 5,960 15 7 5 0 0 0 0 107,049
TOTAL 573,975 31,523 58 121 79 6 1 3 379 606,146
OUTRIGHT FORWARDS4
with reporting dealers 13,684 109 12 13,804
- local 2,149 35 2,183
- cross-border 11,535 74 12 11,621
with other financial institutions 15,013 130 15,143
- local 13,318 103 13,420
- cross-border 1,696 27 1,723
with non-financial customers 4,351 1,549 1 5,900
- local 1,386 513 1 1,899
- cross-border 2,965 1,036 4,001
TOTAL 33,048 1,788 12 1 34,848
Maturities
seven days or less 1,991 112 6 2,110
over seven days and up to one year 29,588 1,548 5 1 31,142
over one year 1,468 128 1,596
FOREIGN EXCHANGE SWAPS5
with reporting dealers 194,697 2,031 196,728
- local 146,082 1,906 147,988
- cross-border 48,616 124 48,740
with other financial institutions 75,435 2,977 0 78,411
- local 63,056 2,470 0 65,526
- cross-border 12,378 507 12,885
with non-financial customers 9,377 905 0 0 10,283
- local 0 0 0 0 0
- cross-border 9,377 905 10,283
TOTAL 279,509 5,913 0 0 285,422
Maturities
seven days or less 276,878 5,825 0 0 282,703
over seven days and up to one year 2,579 53 2,632
over one year 52 34 87
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 September 2007
(in millions of USD)

Instruments USD against
EUR JPY GBP CHF CAD AUD SEK Other2 TOT
SPOT3
with reporting dealers 99,105 19,665 36,297 1,631 1,873 337 16 2,670 161,594
- local 29,255 9,074 17,810 381 739 18 0 41 57,319
- cross-border 69,850 10,590 18,487 1,251 1,134 319 15 2,629 104,275
with other financial institutions 43,819 3,869 11,385 343 1,117 102 2 888 61,526
- local 14,773 186 2,117 112 722 1 0 16 17,928
- cross-border 29,046 3,683 9,268 231 395 101 2 872 43,598
with non-financial customers 67,389 2,681 31,064 172 24,375 179 9 67 125,936
- local 2,291 187 1,571 118 33 35 8 15 4,258
- cross-border 65,098 2,494 29,492 54 24,342 144 0 52 121,678
TOTAL 210,313 26,215 78,746 2,147 27,365 618 26 3,625 349,056
OUTRIGHT FORWARDS4
with reporting dealers 300 12 100 25 21 38 495
- local 31 0 1 32
- cross-border 269 12 100 25 21 37 463
with other financial institutions 972 2 45 1 0 14 1,034
- local 39 39
- cross-border 933 2 45 1 0 14 995
with non-financial customers 709 8 0 717
- local 85 85
- cross-border 624 8 0 632
TOTAL 1,981 14 145 26 30 52 2,247
Maturities
seven days or less 1,076 8 65 5 30 8 1,192
over seven days and up to one year 821 5 80 21 44 971
over one year 84 84
FOREIGN EXCHANGE SWAPS5
with reporting dealers 140,877 31,988 31,246 1,559 12,138 326 35 7,033 225,201
- local 37,612 11,886 11,005 358 977 21 61,858
- cross-border 103,265 20,102 20,241 1,201 11,161 326 35 7,012 163,343
with other financial institutions 44,531 4,474 4,866 1,520 537 87 1,787 57,802
- local 29,065 745 505 193 78 0 30,586
- cross-border 15,466 3,729 4,362 1,326 459 87 1,787 27,216
with non-financial customers 5,703 3,800 7,420 296 374 39 0 21 17,653
- local 678 72 997 120 132 19 21 2,039
- cross-border 5,025 3,728 6,422 176 242 20 0 0 15,614
TOTAL 191,111 40,262 43,532 3,374 13,049 451 35 8,841 300,656
Maturities
seven days or less 190,041 40,021 43,482 3,355 13,040 451 35 8,808 299,233
over seven days and up to one year 1,056 241 50 19 9 33 1,408
over one year 15 15
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 September 2007
(in millions of USD)

Instruments EUR against RESI-
DUAL3
GRAND
TOTAL4
JPY GBP CHF CAD AUD SEK Other2 TOT
SPOT5
with reporting dealers 1,891 6,673 395 35 10 0 13 9,017 1,419 510,302
- local 59 2,696 61 2,815 21 306,929
- cross-border 1,832 3,977 334 35 10 0 13 6,201 1,398 203,373
with other financial institutions 402 943 82 1 1 1,428 458 180,444
- local 37 31 0 0 68 12 75,043
- cross-border 365 912 82 1 1 1,360 447 105,401
with non-financial customers 2,028 5,873 76 4 0 0 1 7,982 245 285,005
- local 126 45 25 0 0 0 1 197 183 48,431
- cross-border 1,902 5,828 51 4 0 7,784 62 236,574
TOTAL 4,320 13,488 553 40 10 0 15 18,426 2,123 975,751
OUTRIGHT FORWARDS6
with reporting dealers 14 55 13 82 32 14,413
- local 1 2,216
- cross-border 14 55 13 82 31 12,197
with other financial institutions 56 56 7 16,240
- local 13,459
- cross-border 56 56 7 2,781
with non-financial customers 11 11 0 6,629
- local 1,984
- cross-border 11 11 0 4,645
TOTAL 14 122 13 149 39 37,282
Maturities
seven days or less 11 11 6 3,319
over seven days and up to one year 14 111 125 27 32,265
over one year 13 13 6 1,699
FOREIGN EXCHANGE SWAPS7
with reporting dealers 2,541 5,134 234 112 1 66 8,088 4,005 434,022
- local 1,360 1,478 14 2,852 350 213,048
- cross-border 1,181 3,656 220 112 1 66 5,236 3,656 220,974
with other financial institutions 39 309 12 1 25 386 894 137,493
- local 9 7 2 1 19 0 96,131
- cross-border 30 302 10 25 367 894 41,361
with non-financial customers 787 857 41 1,686 181 29,802
- local 32 123 41 196 10 2,245
- cross-border 755 734 1,490 170 27,557
TOTAL 3,368 6,300 286 113 25 1 66 10,159 5,080 601,317
Maturities
seven days or less 3,359 6,300 223 113 13 1 35 10,043 4,989 596,968
over seven days and up to one year 9 64 13 21 106 85 4,232
over one year 10 10 5 117
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 September 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 6 7 0 1 0 0 0 51 358 8 26 780 4,286
- local 3 52 29
- cross-border 6 7 0 1 0 0 0 48 306 8 26 780 4,257
with other financial institutions 1 0 0 27 8 39 1 20 1,738
- local 0 27 3 17
- cross-border 1 0 6 39 1 20 1,721
with non-financial customers 7 2 0 1 0 0 75 49 5 0 4 765
- local 7 2 0 1 0 5 14 5 0 2 695
- cross-border 0 70 34 2 70
TOTAL 14 9 0 0 1 0 0 0 27 134 445 13 26 805 6,789
OUTRIGHT FORWARDS4
with reporting dealers 25 19 70
- local 2
- cross-border 25 19 68
with other financial institutions 28
- local
- cross-border 28
with non-financial customers 0
- local
- cross-border 0
TOTAL 25 19 98
Maturities
seven days or less 19
over seven days and up to one year 98
over one year 25
FOREIGN EXCHANGE SWAPS5
with reporting dealers 0 4 42 696 233 59 993 13,081
- local 679 17 24
- cross-border 0 4 42 17 216 59 993 13,057
with other financial institutions 1,339 10 2,226
- local 0
- cross-border 1,339 10 2,226
with non-financial customers 0 341 33 10
- local 0 32 10
- cross-border 341 1
TOTAL 0 4 42 2,375 276 59 1,003 15,307
Maturities
seven days or less 0 4 22 2,374 245 32 974 15,171
over seven days and up to one year 0 1 31 27 29 137
over one year 20
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 September 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 75 75
- local 47 47
- cross-border 28 28
TOTAL 75.2 75
Bought
with reporting dealers
- local
- cross-border
with other financial institutions
- local
- cross-border
with non-financial customers 94 94
- local 94 94
- cross-border
TOTAL 94.0 94
TOTAL OTC OPTIONS 169 169
TOTAL FX CONTRACTS 886,532 39,393 70 122 79 6 1 3 379 926,584
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 September 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 20 20
- local
- cross-border 20 20
with other financial institutions 14 14
- local
- cross-border 14 14
with non-financial customers 5 5
- local
- cross-border 5 5
TOTAL 19 20 39
Bought
with reporting dealers 5 20 20 45
- local
- cross-border 5 20 20 45
with other financial institutions 40 40
- local
- cross-border 40 40
with non-financial customers
- local
- cross-border
TOTAL 5 60 20 85
TOTAL OTC OPTIONS 24 80 20 124
TOTAL FX CONTRACTS 403,430 66,490 122,502 5,567 40,414 1,100 61 12,519 652,082
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 September 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 55 21
- local
- cross-border 14 55 21
with other financial institutions 56 14
- local
- cross-border 56 14
with non-financial customers 80
- local 47
- cross-border 33
TOTAL 14 111 114
Bought
with reporting dealers 45
- local
- cross-border 45
with other financial institutions 40
- local
- cross-border 40
with non-financial customers 94
- local 94
- cross-border
TOTAL 179
TOTAL OTC OPTIONS 14 111 293
Other products7
TOTAL FX CONTRACTS 7,715 20,022 840 153 35 1 93 28,735 7,242 1,614,643
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 September 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 14 14 0 0 1 0 0 0 94 2,509 740 13 85 1,807 22,195
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 October 15, 2007.