(REVISED 4-25-2013) The Effective Date is changed to DECEMBER 2013, from June 2013, for the revision of the country list [FYI: This is the 2nd change; it supersedes the March 27 change of the effective date to September 2013.]:
- There is no federal register notice for this update of the country list. The revision of the country list for all TIC reporting forms will become effective for reports as of December 2013 and afterwards.
- UPCOMING new Form D
(effective for reports as-of December 2013 and thereafter) -- Holdings of, and Transactions in, Financial Derivatives.
- There are no changes to the instructions. The following is more information on the new lists of countries and foreign official institutions:
-- Geographical Classification (revised for December 2013) with codes for foreign countries, areas, and organizations.
-- Selected foreign official institutions (revised for December 2013).
Current Form D and Instructions Now in Effect (in effect for reports as-of end-June 2012 through November 2013):
- Form D , Holdings of, and Transactions in, Financial Derivatives. Effective for the reports as-of end-June 2012 through November 2013. There are no changes in the reporting requirements for the rows. The only changes clarify what is to be reported in two rows; In Part 1 of Form D, the title of row 2.a is changed to FORWARDS AND FOREIGN EXCHANGE SWAPS from FORWARDS, and row 2.b is changed to CURRENCY SWAPS in place of SWAPS.
- Instructions for Form D. The reporting deadline is shortened from 60 calendar days to 50 calendar days following the report’s as-of date. The other changes in the instructions are not substantive. The text shows the changes from the March 2009 instructions.
- Federal Register Notice of September 2011 invited comments from the public by November 14, 2011. The proposed changes were described in the section called "Current Actions". OMB approved the revisions for Form D in May 2012.
Previous Form D and Instructions:
Seminar Information:A Training Seminar on TIC Form D was held for respondents in 2007 at the Federal Reserve Bank of New York.
Description:
The TIC Form D is part of the Treasury International Capital (TIC) data reporting system, which is required by law (22 U.S.C. 286f; 22 U.S.C. 3103; E.O. 10033; 31 C.F.R. 128), and is designed to gather quarterly and reliable information on the cross-border holdings of financial derivatives and on net settlement payments resulting from transactions in financial derivatives. This information is necessary for compiling the U.S. balance of payments accounts and the U.S. international investment position, and for formulating U.S. international financial and monetary policies.
Who Reports on the Form D:
All U.S. resident participants in derivatives markets that hold large amounts of financial derivatives contracts with foreign resident counterparties. (See Part I.D of the instructions for list of organizations included).
Historical Forms and Instructions:
- Previous Form D , Holdings of, and Transactions in, Financial Derivatives(effective for reports as-of June 2006 through Dec 2008). The only change in the form was an expanded list of countries in the country column; the instructions were unchanged.
- First Form D (effective for reports as-of March 2005 through March 2006).