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Template on International Reserves and Foreign Currency Liquidity for Portugal

Template on International Reserves and Foreign
Currency Liquidity1 for Portugal

Date of last update:
 

Aug 19, 2016

Release Calendar



 

 

 

 

 

 

Total

Banco de Portugal

Central Government

A. Official
reserve assets 7
21.855,13 21.855,13 0,00

     
1. Foreign
currency reserves (in convertible foreign currencies)
5.850,79 5.850,79 0,00

            (a)
Securities
4.260,86 4.260,86 0,00

                 of
which:
issuer headquartered in reporting country but
located abroad
18,37 18,37 0,00

            (b) total
currency and deposits with:
1.589,92 1.589,92 0,00

                  (i) other
national central banks, BIS and IMF
1.529,87 1.529,87 0,00

                  (ii) banks
headquartered in the reporting country
0,00 0,00 0,00

                             of
which:
located abroad
0,00 0,00 0,00

                  (iii) banks
headquartered outside the reporting country
60,05 60,05 0,00

                             of
which:
located in the reporting country
0,00 0,00 0,00

     
2. IMF
reserve position
583,70 583,70 0,00

     
3. SDRs
671,53 671,53 0,00

     
4. gold
(including gold deposits and, if appropriate, gold
swapped) 8
14.744,86 14.744,86 0,00

          —volume
in 106 fine troy ounces
12,297 12,297 0,000

     
5. other
reserve assets (specify)
4,26 4,26 0,00

          —financial
derivatives
4,26 4,26 0,00

          —loans
to nonbank nonresidents
0,00 0,00 0,00

          —other
0,00 0,00 0,00
B. Other
foreign currency assets
2.016,20 31,15 1.985,05

          —securities
not included in official reserve assets
31,13 31,13 0,00

          —deposits
not included in official reserve assets
0,03 0,03 0,00

          —loans
not included in official reserve assets
0,00 0,00 0,00

          —financial
derivatives not included in official reserve assets
1.985,05 0,00 1.985,05

          —gold
not included in official reserve assets
0,00 0,00 0,00

          —other
0,00 0,00 0,00

 

II.
Predetermined
short-term net drains on foreign currency assets (nominal
value)

 

(in EUR millions - values may not sum due to
rounding)



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Total

Banco de Portugal

Central Government

Total

Maturity breakdown (residual)

Total

Maturity breakdown (residual)

Total

Maturity breakdown (residual)

Up to
1 month

More
than 1 and up to 3 months

More than
3 months and up to 1 year

Up to
1 month

More
than 1 and up to 3 months

More than
3 months and up to 1 year

Up to
1 month

More
than 1 and up to 3 months

More than
3 months and up to 1 year
     

 1.
Foreign currency loans, securities, and deposits 9
-816,21 -152,13 -108,31 -555,77 0,00 0,00 0,00 0,00 -816,21 -152,13 -108,31 -555,77
         
—outflows (-)
 
Principal
0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
 
Interest
-816,21 -152,13 -108,31 -555,77 0,00 0,00 0,00 0,00 -816,21 -152,13 -108,31 -555,77
         
—inflows (+)

 
 
Principal
0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
 
Interest
0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
 2. Aggregate short and long
positions in forwards and futures in foreign currencies
vis-à-vis the domestic currency (including the forward
leg of currency swaps) 10
6.402,79 756,39 1.635,73 4.010,67 -1,71 0,00 -1,51 -0,20 6.404,49 756,39 1.637,24 4.010,87
      (a) Short positions (-) -178,65 -175,86 -2,60 -0,20 -2,80 0,00 -2,60 -0,20 -175,86 -175,86 0,00 0,00
      (b) Long positions (+) 6.581,44 932,24 1.638,33 4.010,87 1,09 0,00 1,09 0,00 6.580,35 932,24 1.637,24 4.010,87
 3. Other -1.499,20 0,00 0,00 -1.499,20 -1.499,20 0,00 0,00 -1.499,20 0,00 0,00 0,00 0,00
          —outflows related to repos (-) -1.499,20 0,00 0,00 -1.499,20 -1.499,20 0,00 0,00 -1.499,20 0,00 0,00 0,00 0,00
          —inflows related to reverse
repos (+)
0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
         —trade credit (-) 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
          —trade credit (+) 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
          —other accounts payable (-) 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
          —other accounts receivable (+) 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00

 

III.
Contingent short-term net drains on
foreign currency assets (nominal value)

 

(in EUR millions - values may not sum due to
rounding)



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Total

Banco de Portugal

Central Government

Total

Maturity breakdown (residual)

Total

Maturity breakdown (residual)

Total

Maturity breakdown (residual)

Up to
1 month

More
than 1 and up to 3 months

More than
3 months and up to 1 year

Up to
1 month

More
than 1 and up to 3 months

More than
3 months and up to 1 year

Up to
1 month

More
than 1 and up to 3 months

More than
3 months and up to 1 year
     
   1. Contingent liabilities in
foreign currency
0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
      (a) Collateral guarantees on debt
falling due within 1 year
0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
      (b) Other contingent liabilities 0,00 0,00 0,00
   2. Foreign currency securities
issued with embedded options (puttable bonds) 11
                       
   3. Undrawn, unconditional credit
lines12 provided by:
0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
      (a) other national monetary
authorities, BIS, IMF, and other international
organizations
0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
          —other national monetary
authorities (+)
0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
          —BIS (+) 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
          —IMF (+) 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
      (b) with banks and other financial
institutions headquartered in the reporting country (+)
0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
      (c) with banks and other financial
institutions headquartered outside the reporting country
(+)
0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
       Undrawn, unconditional credit lines
provided to:
0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
      (a) other national monetary
authorities, BIS, IMF, and other international
organizations
0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
          —other national monetary
authorities (-)
0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
          —BIS (-) 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
          —IMF (-) 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
      (b) banks and other financial
institutions headquartered in reporting country (- )
0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
      (c) banks and other financial
institutions headquartered outside the reporting country
( - )
0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
   4. Aggregate short and long
positions of options in foreign currencies vis-à-vis the
domestic currency
13
0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
      (a) Short positions 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
            (i) Bought puts 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
            (ii) Written calls 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
      (b) Long positions 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
            (i) Bought calls 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
            (ii) Written puts 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
PRO MEMORIA: In-the-money options 14                        
   1. At current exchange rates                        
      (a) Short position 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
      (b) Long position 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
   2. + 5 % (depreciation of 5%) 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
      (a) Short position 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
      (b) Long position 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
   3. - 5 % (appreciation of 5%) 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
      (a) Short position 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
      (b) Long position 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
   4. +10 % (depreciation of 10%) 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
      (a) Short position 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
      (b) Long position 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
   5. - 10 % (appreciation of 10%) 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
      (a) Short position 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
      (b) Long position 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
   6. Other (specify) 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
      (a) Short position 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
      (b) Long position 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00

 

IV. Memo items

 

(in EUR millions - values may not sum due to
rounding)



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Total

Banco de Portugal

Central Government

   1. To be
reported with standard periodicity and timeliness:
1
5
     
      (a)
short-term domestic currency debt indexed to the exchange
rate
0,00 0,00 0,00
      (b)
financial instruments denominated in foreign currency and
settled by other means (e.g., in domestic currency)
16
0,00 0,00 0,00
          —nondeliverable
forwards
0,00 0,00 0,00
          —short
positions
0,00 0,00 0,00
          —long
positions
0,00 0,00 0,00
          —other
instruments
0,00 0,00 0,00
      (c) pledged
assets
17
0,00 0,00 0,00
          —included
in reserve assets
0,00 0,00 0,00
          —included
in other foreign currency assets
0,00 0,00 0,00
      (d)
securities lent and on repo

18
-1.496,41 -1.496,41 0,00
          —lent
or repoed and included in Section I
-1.496,41 -1.496,41 0,00
          —lent
or repoed but not included in Section I
0,00 0,00 0,00
          —borrowed
or acquired and included in Section I
0,00 0,00 0,00
          —borrowed
or acquired but not included in Section I
0,00 0,00 0,00
      (e)
financial derivative assets (net, marked to market)
19
1.989,30 4,25 1.985,05
          —forwards 76,57 0,00 76,57
          —futures 0,21 0,21 0,00
          —swaps 1.912,52 4,04 1.908,48
          —options 0,00 0,00 0,00
          —other 0,00 0,00 0,00
      (f)
derivatives (forward, futures, or options contracts) that
have a residual maturity greater than one year, which are
subject to margin calls.
0,00 0,00 0,00
          —aggregate
short and long positions in forwards and futures in
foreign currencies vis-à-vis the domestic currency
(including the forward leg of currency swaps)
0,00 0,00 0,00
            (a) short
positions ( – )
0,00 0,00 0,00
            (b) long
positions (+)
0,00 0,00 0,00
          —aggregate
short and long positions of options in foreign currencies
vis-à-vis the domestic currency
0,00 0,00 0,00
            (a) short
positions
0,00 0,00 0,00
                  (i) bought
puts
0,00 0,00 0,00
                  (ii)
written calls
0,00 0,00 0,00
            (b) long
positions
0,00 0,00 0,00
                  (i) bought
calls
0,00 0,00 0,00
                  (ii)
written puts
0,00 0,00 0,00
   2. To be
disclosed less frequently:
     
       (a)
currency composition of reserves (by groups of
currencies)
21.855,13 21.855,13 0,00
          —currencies
in SDR basket
21.230,58 21.230,58 0,00
          —currencies
not in SDR basket
624,55 624,55 0,00

 

 

Footnotes:

 
1. In
accordance with the new methodology of the IMF published
in the document 'Data Template on International Reserves and
Foreign Liquidity. Operational Guidelines
', October 2001.    
 
2.
In principle, only instruments denominated and settled in
foreign currency (or those whose valuation is directly
dependent on the exchange rate and that are settled in
foreign currency) are to be included in categories I, II,
and III of the template. Financial instruments
denominated in foreign currency and settled in other ways
(e.g., in domestic currency or commodities) are included
as memo items under Sections IV.
 
3.
Netting of positions is allowed only if they have the
same maturity, are against the same counterpart, and a
master netting agreement is in place. Positions on
organized exchanges could also be netted.
 
4.
Monetary authorities defined according to the IMF Balance
of Payments Manual
, Fifth Edition.
 
5.
Table III in the Template refers to contingent short term net drains
on foreign currency assets. This Table is not presented since
Portugal has no contingent drains on foreign currency assets.

 
6. In cases of large positions vis-à-vis institutions
headquartered in the reporting country, in instruments
other than deposits or securities, they should be
reported as separate items.
 
7.
The valuation basis for gold assets should be disclosed;
ideally this would be done by showing the volume and
price.
 
8. In
accordance with the definition provided in the
Guideline
ECB/2004/15 of 16 July 2004, amended by the Guideline ECB/2007/3
, on
the statistical reporting requirements of the ECB in the field of
balance of payments and international investment position statistics,
and the international reserves template.
 
9. Including interest payments due within the
corresponding time horizons. Foreign currency deposits held by
nonresidents with central banks should also be included here.
Securities referred to are those issued by the monetary authorities
and the central government (excluding social security).
 
10.
In the event that there are forward or futures positions
with a residual maturity greater than one year, which
could be subject to margin calls, these should be
reported separately under Section IV.
 
11. Only bonds with a residual maturity greater than one year
should be reported under this item, as those with shorter
maturities will already be included in Section II, above.
 
12. Reporters should distinguish potential inflows and
potential outflows resulting from contingent lines of
credit and report them separately, in the specified
format.
 
13. In the event that there are
options positions with a residual maturity greater than
one year, which could be subject to margin calls, these
should be reported separately under Section IV.
 
14. These "stress-tests" are an encouraged, rather
than a prescribed, category of information in the
IMF’s Special Data Dissemination Standard (SDDS).
Could be disclosed in the form of a graph. As a rule,
notional value should be reported. However, in the of
cash-settled options, the estimated future inflow/outflow
should be disclosed. Positions are "in the
money" or would be, under the assumed values.
 
15. Distinguish between assets and liabilities where
applicable.
 
16. Identify types of instrument; the valuation principles
should be the same as in Sections I-III. Where
applicable, the notional value of nondeliverable forward
positions should be shown in the same format as for the
nominal value of deliverable forwards/futures in Sections
II.
 
17. Only assets included in Section I that are pledged should
be reported here.
 
18. Assets that are lent or repoed should be reported here,
whether or not they have been included in Section I of
the template, along with any associated liabilities (in
Section II). However, these should be reported in two
separate categories, depending on whether or not they
have been included in Section I. Similarly, securities
that are borrowed or acquired under repo agreements
should be reported as a separate item and treated
symmetrically. Market values should be reported and the
accounting treatment disclosed.
 
19. Identify types of instrument. The main characteristics of
internal models used to calculate the market value should
be disclosed.
 
Country
notes:
There has been a break in the
series for central government in «section I.B - financial
derivatives not included in official reserve assets» and «section
II.2 - Aggregate short and long positions in forwards and
futures in foreign currencies vis-à-vis the domestic currency (including
the forward leg of currency swaps)». From December 2005 onwards,
Section I.B excludes contracts with payments only in euros, and
Section II.2 comprises only contracts in foreign currency
vis-à-vis the Euro.

 


 

Contact person: José
Faustino (Banco de Portugal)     
tel.: 351-21-8931300; fax: 351-21-3128477; e-mail:
distat@bportugal.pt

 

 

  
  
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