Document ID: chunk:federal_register_of_legislation:F2015L01999:body:0:p7
Version: federal_register_of_legislation:F2015L01999
Segment Type: other
Provision Reference: 
Character Range: 17747–21168

of  type of counterparty and exposure type: the type of counterparty in column 1, the exposure type in column 2, the principal amount in column 3, the gross negative market value in column 4, and net transactions during the period in column 5.

                             The types of counterparty are:

                                 * non-resident;

                                 * the Reserve Bank of Australia (RBA);

                                 * banks;

                                 * other deposit-taking institutions;

                                 * other financial institutions; and

                                 * other resident.

                             The exposure types are:

                                 * interest rate contract;

                                 * foreign exchange contract;

                                 * credit risk contract;

                                 * equity contract;

                                 * commodity contract; and

                                 * other contract.

                             Item 2.1 is a derived item. Report total derivatives with a gross negative market value in item 2.1 as the sum of values reported in item 1 column 3, column 4 and column 5, respectively.

                             The total gross negative market value of derivatives with a gross negative market value  reported in item 2.1, column 4  must equal the sum of item 16.3, column 1 and item 19, column 1 on SRF 720.0.

                             Report the aggregate market value of all derivative contracts that have a negative market value at the reporting date. Do not apply netting for those contracts subject to a master netting agreement or accounting offsetting at the reporting date.

                             Derivative contracts that have a positive market value at the reporting date must be reported separately as derivatives with a gross positive market value.

Gross negative market value  Represents the aggregate amount of all exposures with a negative market value.

Glossary of additional terms

Core principles

The macroeconomic statistics produced by the ABS centre around the internationally accepted key standard, the System of National Accounts (SNA) 2008. SNA provides an overarching national accounting framework that is integrated, coherent and maximises international comparability.

Under the SNA, financial statistics are presented in a flow of funds or so-called "from whom to whom" format to measure the "stocks" and "flows" of financial assets and liabilities throughout the Australian economy and with the rest of the world. A flow of funds concept is designed to delineate both parties to a transaction, as well as the nature of the financial instrument transacted. This concept also underpins the classification schema used in this form.

Residency

An institutional unit is resident in one and only one economic territory. In general, the residence of an institutional unit is determined by the unit's centre of predominant economic interest.

Individual members of households who leave the economic territory of a country and return after a limited period (less than one year) continue to be regarded as residents of that country.

For example, a member of a resident Australian household who travels abroad for recreation, business, health or other purposes and returns within