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Main indicators of the Russian FX market according to the methodology of the Bank for International Settlements
The report was made within the Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity programme of the Bank for International Settlements (Basel, Switzerland)
(According to the report № 0409701"The foreign exchange transactions report" data, received from 40 credit organizations registered in Moscow and Saint-Petersburg regions)
FOREIGN EXCHANGE CONTRACTS
Turnover in nominal or notional principal amounts in April 2004
(millions of US dollars)

Table A1

Instruments Domestic currency against
USD EUR JPY GBP CHF CAD AUD Other TOT
SPOT1
with reporting dealers2 144,547 1,351 0 0 0 0 0 1 145,900
- local 120,743 344 0 0 0 0 0 0 121 089
- cross-border 23,803 1,006 0 0 0 0 0 1 24,811
with other financial institutions 70,421 1,375 1 7 0 0 0 193 71,999
- local 55,435 1,089 1 0 0 0 0 5 56 530
- cross-border 14,987 286 0 7 0 0 0 189 15,469
with non-financial customers 52,421 1,501 8 38 6 0 0 14 53,988
- local 11,991 920 8 18 6 0 0 14 12 957
- cross-border 40,430 580 0 20 0 0 0 0 41,030
TOTAL 267,389 4,227 9 45 6 0 0 209 271 886
OUTRIGHT FORWARDS3
with reporting dealers 557 419 0 0 0 0 0 0 975
- local 25 17 0 0 0 0 0 0 42
- cross-border 531 401 0 0 0 0 0 0 933
with other financial institutions 740 18 0 0 0 0 0 0 758
- local 42 17 0 0 0 0 0 0 59
- cross-border 698 1 0 0 0 0 0 0 699
with non-financial customers 1,104 24 0 18 0 0 0 2 1,148
- local 82 24 0 0 0 0 0 2 108
- cross-border 1,021 0 0 18 0 0 0 0 1,040
TOTAL 2,400 460 0 18 0 0 0 2 2 881
Maturities
seven days or less 894 275 0 0 0 0 0 2 1,171
over seven days and up to one year 1,440 185 0 18 0 0 0 0 1,644
over one year 66 0 0 0 0 0 0 0 66
FOREIGN EXCHANGE SWAPS4
with reporting dealers 35,494 0 0 0 0 0 0 0 35,494
- local 34,182 0 0 0 0 0 0 0 34 182
- cross-border 1,312 0 0 0 0 0 0 0 1,312
with other financial institutions 14,279 102 0 0 0 0 0 0 14,381
- local 14,025 102 0 0 0 0 0 0 14 126
- cross-border 255 0 0 0 0 0 0 0 255
with non-financial customers 415 1 0 0 0 0 0 0 416
- local 166 0 0 0 0 0 0 0 166
- cross-border 250 1 0 0 0 0 0 0 251
TOTAL 50,189 102 0 0 0 0 0 0 50 291
Maturities
seven days or less5 50,189 102 0 0 0 0 0 0 50,290
over seven days and up to one year 0 1 0 0 0 0 0 0 1
over one year 0

1 Excluding “tomorrow/next day” transactions.
2 The banks who submit reports in the countries-participants of the BIS survey.
3 Including non-deliverable forwards and other contracts-for-differences.
4 A swap is considered to be a single transaction in that the two legs are not counted separately.
5 Including “overnight” and "tommorow/next day“swap transactions.

Table A2

Instruments USD against
EUR JPY GBP CHF CAD AUD Other TOT
SPOT1
with reporting dealers2 13,932 2,397 6,283 651 26 6 144,595 167,890
- local 3,932 440 2,788 230 12 3 120,752 128 157
- cross-border 10,001 1,957 3,494 421 14 3 23,843 39,733
with other financial institutions 14,881 3,173 6,392 851 83 23 71,426 96,828
- local 8,184 2,895 4,162 752 57 21 55,487 71 559
- cross-border 6,697 278 2,230 98 27 1 15,938 25,269
with non-financial customers 6,040 675 1,995 454 133 46 53,149 62,492
- local 2,730 164 782 199 125 21 12,715 16 736
- cross-border 3,310 511 1,214 255 8 25 40,434 45,756
TOTAL 34,853 6,245 14,670 1,956 242 75 269,169 327 211
OUTRIGHT FORWARDS3
with reporting dealers 1,526 222 582 128 1 1 561 3,021
- local 433 39 222 39 0 0 25 757
- cross-border 1,093 184 360 89 1 1 536 2,264
with other financial institutions 1,312 192 535 70 1 9 747 2,865
- local 736 133 323 49 1 9 42 1 294
- cross-border 576 59 211 21 0 0 705 1,571
with non-financial customers 2,109 282 1,484 385 12 41 1,105 5,417
- local 922 91 701 179 6 20 83 2 002
- cross-border 1,186 191 783 206 6 21 1,022 3,415
TOTAL 4,946 696 2,601 583 14 50 2,413 11 303
Maturities
seven days or less 3,174 465 1,461 203 3 24 907 6,237
over seven days and up to one year 1,772 231 1,140 379 11 26 1,440 5,000
over one year 0 0 0 0 0 0 66 66
FOREIGN EXCHANGE SWAPS4
with reporting dealers 12,405 2,745 4,609 764 51 9 35,536 56,120
- local 2,720 796 1,217 243 25 1 34,183 39 186
- cross-border 9,685 1,949 3,392 521 26 8 1,354 16,934
with other financial institutions 5,805 1,322 1,915 238 254 67 14,333 23,934
- local 4,166 1,112 1,440 226 192 67 14,065 21 268
- cross-border 1,638 210 474 12 62 0 268 2,666
with non-financial customers 889 200 589 244 12 18 440 2,391
- local 164 13 55 23 1 3 166 426
- cross-border 725 187 534 221 11 15 274 1,965
TOTAL 19,098 4,266 7,113 1,246 318 94 50,309 82 444
Maturities
seven days or less5 18,525 4,199 7,021 1,206 316 89 50,304 81,661
over seven days and up to one year 573 67 92 40 1 5 5 783
over one year 0

1 Excluding “tomorrow/next day” transactions.
2 The banks who submit reports in the countries-participants of the BIS survey.
3 Including non-deliverable forwards and other contracts-for-differences.
4 A swap is considered to be a single transaction in that the two legs are not counted separately.
5 Including “overnight” and "tommorow/next day“swap transactions.

Table A3

Instruments EUR against RESI-
DUAL1
GRAND
TOTAL2
JPY GBP CHF CAD AUD Other TOT
SPOT3
with reporting dealers4 255 4,109 49 0 0 15,296 19,709 96 333,595
- local 68 1,671 6 0 0 4,276 6,021 9 255 275
- cross-border 188 2,437 43 0 0 11,020 13,688 88 78,319
with other financial institutions 133 2,543 21 0 0 16,261 18,958 1,202 188,988
- local 77 1,100 10 0 0 9,274 10,461 58 138 609
- cross-border 57 1,442 11 0 0 6,987 8,497 1,145 50,379
with non-financial customers 172 131 25 0 0 7,541 7,870 742 125,092
- local 63 11 16 0 0 3,651 3,741 739 34 174
- cross-border 109 120 9 0 0 3,890 4,129 3 90,919
TOTAL 561 6,782 95 0 0 39,098 46,537 2,041 647 675
OUTRIGHT FORWARDS5
with reporting dealers 26 777 7 0 0 1,945 2,754 8 6,758
- local 15 354 1 0 0 450 820 0 1 620
- cross-border 11 422 6 0 0 1,494 1,934 8 5,139
with other financial institutions 36 153 2 0 0 1,330 1,521 7 5,151
- local 15 79 2 0 0 753 850 0 2 203
- cross-border 21 73 0 0 0 577 671 7 2,948
with non-financial customers 134 47 12 0 0 2,132 2,324 3 8,893
- local 59 9 6 0 0 946 1,020 3 3 133
- cross-border 75 37 6 0 0 1,186 1,304 0 5,760
TOTAL 195 976 21 0 0 5,407 6,599 18 20 802
Maturities
seven days or less 56 954 9 0 0 3,449 4,469 17 11,895
over seven days and up to one year 139 22 12 0 0 1,958 2,130 1 8,775
over one year 0 0 132
FOREIGN EXCHANGE SWAPS6
with reporting dealers 713 371 0 0 0 12,405 13,489 42 105,146
- local 0 349 0 0 0 2,720 3,069 0 76 437
- cross-border 713 22 0 0 0 9,685 10,420 41 28,708
with other financial institutions 191 185 13 0 0 5,907 6,296 55 44,665
- local 5 89 12 0 0 4,269 4,376 41 39 811
- cross-border 186 96 1 0 0 1,638 1,920 14 4,854
with non-financial customers 40 13 19 0 0 889 962 24 3,792
- local 19 6 10 0 0 164 199 0 790
- cross-border 21 8 10 0 0 725 763 24 3,003
TOTAL 944 569 32 0 0 19,202 20,747 121 153 603
Maturities
seven days or less7 919 558 17 0 0 18,628 20,122 116 152,190
over seven days and up to one year 25 11 15 0 0 574 625 4 1,413
over one year 0 0

1 “Residual” covers all currency pairs except those involving the domestic currency, the USD and the euro.
2 Covers the sum of the totals in tables A1, A2, A3 and the column “Residual”.
3 Excluding “tomorrow/next day” transactions.
4 The banks who submit reports in the countries-participants of the BIS survey.
5 Including non-deliverable forwards and other contracts-for-differences.
6 A swap is considered to be a single transaction in that the two legs are not counted separately. Includes “tomorrow/next day” transactions.
7 Including “overnight” and "tommorow/next day“swap transactions.

Table A4

Instruments Total turnover in listed currencies against all other currencies
BRL CNY CZK DKK HKD HUF IDR INR KRW MXN NOK NZD PHP PLN RUB SEK SGD THB TRL TWD ZAR
SPOT1
with reporting dealers2 0 0 0 3 0 0 0 0 0 0 25 0 0 1 145,900 49 0 0 0 0 1
- local 0 0 0 0 0 0 0 0 0 0 0 0 0 0 121,089 0 0 0 0 0 0
- cross-border 0 0 0 3 0 0 0 0 0 0 25 0 0 1 24,811 49 0 0 0 0 1
with other financial institutions 0 0 0 1 0 0 0 0 0 0 2 0 0 1 71,999 5 0 0 0 0 0
- local 0 0 0 1 0 0 0 0 0 0 2 0 0 0 56,530 2 0 0 0 0 0
- cross-border 0 0 0 0 0 0 0 0 0 0 0 0 0 1 15,469 3 0 0 0 0 0
with non-financial customers 0 0 0 307 0 0 0 0 0 0 155 0 0 0 53,988 262 0 0 0 0 0
- local 0 0 0 307 0 0 0 0 0 0 155 0 0 0 12,957 260 0 0 0 0 0
- cross-border 0 0 0 0 0 0 0 0 0 0 0 0 0 0 41,030 1 0 0 0 0 0
TOTAL 0 0 0 311 0 0 0 0 0 0 183 0 0 1 271,886 315 0 0 0 0 1
OUTRIGHT FORWARDS3
with reporting dealers 0 0 0 0 0 0 0 0 0 0 3 0 0 0 975 4 0 0 0 0 0
- local 0 0 0 0 0 0 0 0 0 0 0 0 0 0 42 0 0 0 0 0 0
- cross-border 0 0 0 0 0 0 0 0 0 0 3 0 0 0 933 4 0 0 0 0 0
with other financial institutions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 758 1 0 0 0 0 0
- local 0 0 0 0 0 0 0 0 0 0 0 0 0 0 59 0 0 0 0 0 0
- cross-border 0 0 0 0 0 0 0 0 0 0 0 0 0 0 699 1 0 0 0 0 0
with non-financial customers 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,148 0 0 0 0 0 0
- local 0 0 0 0 0 0 0 0 0 0 0 0 0 0 108 0 0 0 0 0 0
- cross-border 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,040 0 0 0 0 0 0
TOTAL 0 0 0 0 0 0 0 0 0 0 3 0 0 0 2,881 5 0 0 0 0 0
Maturities
seven days or less 0 0 0 0 0 0 0 0 0 0 3 0 0 0 1,171 5 0 0 0 0 0
over seven days and up to one year 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,644 0 0 0 0 0 0
over one year 0 0 0 0 0 0 0 0 0 0 0 0 0 0 66 0 0 0 0 0 0
FOREIGN EXCHANGE SWAPS4
with reporting dealers 0 0 0 0 0 0 0 0 0 0 12 0 0 0 35,494 25 0 0 0 0 5
- local 0 0 0 0 0 0 0 0 0 0 0 0 0 0 34,182 0 0 0 0 0 0
- cross-border 0 0 0 0 0 0 0 0 0 0 12 0 0 0 1,312 25 0 0 0 0 5
with other financial institutions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 14,381 15 0 0 0 0 13
- local 0 0 0 0 0 0 0 0 0 0 0 0 0 0 14,126 12 0 0 0 0 13
- cross-border 0 0 0 0 0 0 0 0 0 0 0 0 0 0 255 3 0 0 0 0 0
with non-financial customers 0 0 0 0 0 0 0 0 0 0 0 0 0 0 416 11 0 0 0 0 13
- local 0 0 0 0 0 0 0 0 0 0 0 0 0 0 166 0 0 0 0 0 0
- cross-border 0 0 0 0 0 0 0 0 0 0 0 0 0 0 251 11 0 0 0 0 13
TOTAL 0 0 0 0 0 0 0 0 0 0 12 0 0 0 50,291 50 0 0 0 0 32
Maturities
seven days or less5 0 0 0 0 0 0 0 0 0 0 12 0 0 0 50,290 50 0 0 0 0 32
over seven days and up to one year 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0
over one year

1 Excluding “tomorrow/next day” transactions.
2 The banks who submit reports in the countries-participants of the BIS survey.
3 Including non-deliverable forwards and other contracts-for-differences.
4 A swap is considered to be a single transaction in that the two legs are not counted separately.
5 Including “overnight” and "tommorow/next day"swap transactions.
Updated October 12, 2004.