The purpose of this return is to provide foreign currency and Canadian currency information regarding the size and nature of an institution's claims, other exposures, and liabilities to residents of foreign countries and Canada that are booked in Canada. The data are an important source of information for analyzing international banking activity and measuring Canada's balance of payments and international investment position, and are the basis for fulfilling Canada's reporting responsibilities to the Bank for International Settlements.
This return applies to all internationally active banks and foreign bank branches. This return is to be completed as at the last day of each quarter and submitted within 40 days of the reporting date. The information reported covers claims, other exposures, and liabilities booked at the Head Office of the institution, at Canadian branches of the institution, at the Head Office or Canadian branches of Canadian Corporations controlled by the institution, or at Canadian branches or offices of foreign corporations controlled by the institution that is, Canadian units of the institution.
International departments or divisions are considered to be residents of the country in which the office is located. The level of consolidation for this return should be the same as that for the Balance Sheet. The positions of investment dealer subsidiaries are to be consolidated into this return.
Separate data are required with respect to positions in Canadian dollars, U. The foreign currency positions are to be converted into Canadian currency equivalent amounts at the exchange rates used to convert foreign currency amounts reported on the Balance sheet M4 , to maintain the consistency and comparability between these two reports.
Footnote 1. Prior to January 1, , EMU member currencies were reported in the "Other Currencies" column, with the exception of Deutsche Marks, which were reported separately.
