GlossaryGuide

A loan agreement whereby one bank contracts with other banks to participate in making a loan to a borrower. Each participant should report the amount of its own share in the participated loan.

Own foreign offices are foreign offices (banking and nonbanking) of the reporter, including any foreign office indirectly owned through a U.S. subsidiary depository or non depository financial institution. In addition, reporters owned by a foreign resident should include its direct foreign parent and any non U.S. branches or agencies as own foreign offices. Reporters should… Continue reading OWN FOREIGN OFFICES

An overdraft exists when a depository institution honors a check or draft drawn against a deposit account in which insufficient funds are held. Overdrafts should be reported gross and not netted against good balances.

Contracts that convey either a right or an obligation to buy or sell a financial instrument at a specified price by a specified future date. Options may trade on an organized exchange or in OTC markets. Derivatives are reportable ONLY on TIC Form D Reports. Bought Options: The buyer of an option contract has, for… Continue reading OPTIONS

Institutions that are mainly engaged in providing goods and services to households free of charge or at prices that are not economically significant. Examples include but are not limited to charities, relief and aid organizations and religious institutions.

Any organization that is principally engaged in producing goods or nonfinancial services. This sector excludes Federal, state, and local governments; however it includes agencies and instrumentalities of governments such as utilities that produce goods or non-financial services that are not strictly governmental in nature in exchange for money.

Businesses and institutions other than banks and other depository institutions, that are primarily engaged in proprietary investments and/or in the provision of financial services to other organizations and households. These services include, but are not limited to financial services whose functions are predominantly: the extending of credit for business purposes, brokerage services, underwriting services, financial… Continue reading NON-BANK FINANCIAL INSTITUTIONS (NBFI)

Net settlements include all cash receipts and payments for the purchase, sale, or final closeout of derivatives, as well as all payments according to the terms of derivative contracts such as periodic payments under the terms of a swap agreement or daily payments for an exchange-traded contract. Do not report as settlements the value of… Continue reading NET SETTLEMENTS

A negotiable (transferable) instrument or deposit in book entry form evidenced by a receipt or similar acknowledgement issued by a bank, which provides on its face that the amount of such deposit is payable to bearer or any specified person (e.g., deposit notes, bank notes). Negotiable certificates of deposit are not considered securities on the… Continue reading NEGOTIABLE CERTIFICATE OF DEPOSIT

Institutions owned by foreign central governments that are classified as banks in their respective countries. Nationalized banks are classified as foreign private commercial banks. However, a nationalized bank is classified as a foreign official institution when it performs the functions of a central bank.