The information on the foreign exchange assets and liabilities of the licensed banks is compiled based on the reports on the bank's foreign exchange position submitted by the licensed banks according to the Regulation on the bank's open foreign exchange position (approved by the Decision of the Council of Administration of the National Bank of Moldova no.126 as of November 28, 1997).
The published information includes aggregate data on the foreign exchange assets and liabilities of the licensed banks, the value of the open foreign exchange position, total regulatory capital, the foreign exchange position ratio.
The information on foreign exchange assets and liabilities of the licensed banks is presented as follows:
1) foreign exchange assets, including:
a) balance-sheet foreign exchange assets:
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balance-sheet assets in foreign currency – cash, “Nostro” accounts opened abroad, placements abroad of the licensed banks, overnight placements and credits, securities, granted credits, required reserves placed with the NBM, other balance-sheet assets in foreign currency;
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assets in Moldovan Leu indexed to foreign currency exchange rate – granted FX indexed credits and other FX indexed assets;
b) contingent (off-balance-sheet) assets in foreign currency – forward purchases in foreign currency and other contingent assets in foreign currency.
2) foreign exchange liabilities, including:
a) balance-sheet foreign exchange liabilities:
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balance-sheet liabilities in foreign currency –“Loro” accounts of foreign banks, term deposits of foreign banks, client's current account, client's term deposits, various client's deposits, received credits, other balance-sheet liabilities in foreign currency;
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liabilities in Moldovan Leu indexed to foreign currency exchange rate – received FX indexed credits and other FX indexed liabilities;
b) contingent (off-balance-sheet) liabilities in foreign currency – forward sales in foreign currency and other contingent liabilities in foreign currency.
The information on foreign exchange assets and liabilities includes the data on the balances (recalculated in U.S. dollars) of the foreign exchange assets and liabilities at the end of the month. The U.S. dollars equivalent of the mentioned balances is determined by applying the official exchange rates of Moldovan Leu against the U.S. dollar and the respective foreign currency valid at the end of the month.
The value of the open foreign exchange position represents the difference between the amount of foreign exchange assets in a certain foreign currency and the amount of foreign exchange liabilities in the respective currency. The information on the value of the open foreign exchange position is presented in absolute value (in equivalent in U.S. dollars) at the end of the month, separately for the most frequently traded currencies (U.S. dollar, Euro, Russian Ruble, Romanian Leu) and for other foreign currencies.
The open foreign exchange position ratio represents the ratio between the value of the open foreign exchange position and the banks’ regulatory capital. The open foreign exchange position ratio is presented in percents at the end of the month for the above-mentioned foreign currencies.
The information on foreign exchange assets and liabilities of the licensed banks is published monthly, until the last day of the month following the reporting month.
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