The Bank of Latvia Regulation No 45 in Riga 2009 on November 5, "foreign currency net open positions in the preparation of the report" Issued in accordance with the provisions of the law "on banking" article 39 i. General questions 1. "foreign currency net open positions overview" (hereinafter the report) is being prepared in order to get the money and foreign exchange markets, describing statistical data to ensure the liquidity of credit assessment and the implementation of monetary policy.
2. The terms used in the following terms: 2.1.-the credit institution registered in Latvia by credit institutions included in the list of reporting (hereinafter list) in accordance with the provisions of paragraph 3;
2.2. reference week-calendar week, on which the report is under preparation;
2.3. currency swaps – transaction in which the buying or selling of foreign currency lats at the spot of the transaction (the present part – spot) or buy back atpārd lats after the transaction closing rate (part of the future-forward) at the end of the transaction.
2.4. the term "position", "long position" and "short position" meets the financial and capital market Commission's "minimum capital requirements rules" explanation given.
2.5. the term "resident", "non-resident", "MFIs" and "non-MFI" usage complies with the provisions of the Bank of Latvia "monetary financial institution balance reporting month".
II. list of credit institutions included in the list are included in the 3 credit institutions that are active in the money and foreign exchange market participants and which data are significant liquidity of credit institutions of Latvia and for the evaluation of monetary policy.
4. The Bank's monetary policy Board shall inform the credit institution for inclusion in the list not later than three months before the first reporting deadline.
5. If a credit institution's business volume in the money and foreign exchange market decreased substantially, Latvijas Banka's monetary policy management driver can decide on its removal from the list.
6. For credit institutions from the list of Latvijas Banka's monetary policy Board shall inform the credit institution concerned in writing.
III. preparation of the report and submit the report 7 of the agenda (annex) show total foreign currency net open position at the beginning of the week and at the end of the week and reflect week in the closed foreign exchange purchase and sale for the lat lat contracts, t.sk. currency swaps, as well as other common foreign currency net open position of influencing factors and transactions.
8. Total foreign currency net open position is calculated using the following steps: 8.1. define each foreign currency net open position (long position, positive integer; short position – negative number) in accordance with the financial and capital market Commission's "minimum capital requirements rules";
8.2. each foreign currency net open position adjustment in dollars, with the Bank of Latvia the relevant foreign exchange rate report on the last day of the week;
8.3. the amount in LCY calculated in each foreign currency net open position.
9. the total net open foreign currency position at the start of the week is calculated based on the previous week at the end of each of the specific foreign exchange NET open position. The total foreign currency net open position and to determine the beginning of the week and at the end of the week using this rule prescribed in paragraph 8.2 of the foreign exchange rate.
10. Cash transactions made by households, whose residence is not indicated, the reporting institution reported as transactions with non-MFI residents.
11. Currency swaps: 11.1. currency swap part of the present by buying foreign exchange (report of the foreign currency purchase contract position 02. box), and the future part of this deal, atpārdod the foreign currency (report of the foreign currency positions in the sales agreement 03. box);
11.2. currency swaps the present part, selling foreign currency (report of the foreign exchange positions of the contract of sale 02. box), and the business part of the future repurchases foreign exchange (report of the foreign currency purchase contract position 03. box).
12. in paragraph 11 of these rules that currency swaps amounts on the report indicated for the credit to be purchased or sold dollars.
13. Under the heading "other common foreign currency net open position of contributing factors and operations (+,-)" presented their foreign currency net open position influencing factors and transactions, which are not included as foreign currency purchase on the lats and/or sales contracts for the lats.
14. the data presented in the report to whole thousands.
15. the report shall be submitted to the Bank of Latvia in the next review on the first working day of the week until noon. 1 p.m. in electronic form the Bank of Latvia.
IV. Closing questions 16. Be declared unenforceable by the Bank of Latvia Council of 17 July 2003 decision No 104/4 "for" foreign currency net open positions in the preparation of the report "the provisions of" approval "(Latvian journal, 2003, no. 111; 2005, Nr. 13).
17. the rules shall enter into force on 1 June 2010.
The President of the Bank of Latvia (I). Rimšēvič attachment of Bank of Latvia, 5 November 2009 No. 45 the provisions of Bank of Latvia President i. Rimšēvič in