Mednarodne rezerve in devizna likvidnost

November 2012

November 2012
30-November-2012
in million EUR

I. Official reserve assets and other foreign currency assets (approximate market value)

Money Authorities Central Government

A. Official reserve assets 717,7

(1) Foreign currency reserves (in convertible foreign currencies) 188,4

(a) Securities 148,1

of which: issuer headquartered in reporting country but located abroad

(b) total currency and deposits with: 40,3

(i) other national central banks, BIS and IMF 0,6

(ii) banks headquartered in the reporting country

of which: located abroad

(iii) banks headquartered outside the reporting country 39,7

of which: located in the reporting country

(2) IMF reserve position 147,7

(3) SDRs 245,3

(4) gold (including gold deposits and, if appropriate, gold swapped) 136,0

—volume in millions of fine troy ounces 0,1

(5) other reserve assets (specify) 0,3

—financial derivatives 0,3

—loans to nonbank nonresidents

—other

B. Other foreign currency assets (specify) 293,6

—securities not included in official reserve assets 255,9

—deposits not included in official reserve assets 37,8

—loans not included in official reserve assets

—financial derivatives not included in official reserve assets 0,0

—gold not included in official reserve assets

—other

II. Predetermined short-term net drains on foreign currency assets (nominal value)

III. Contingent short-term net drains on foreign currency assets (nominal value)

Money Authorities Central government

Total Maturity breakdown (residual maturity) Total Maturity breakdown (residual maturity)

Up to 1 month More than 1 and up to 3 months More than 3 months and up to 1 year Up to 1 month More than 1 and up to 3 months More than 3 months and up to 1 year

1. Contingent liabilities in foreign currency -1,1 -0,5 0,0 -0,5

(a) Collateral guarantees on debt falling due within 1 year -1,1 -0,5 0,0 -0,5

(b) Other contingent liabilities

2. Foreign currency securities issued with embedded options (puttable bonds)

3. Undrawn, unconditional credit lines provided by:

(a) other national monetary authorities, BIS, IMF, and other international organizations

—other national monetary authorities (+)

—BIS (+)

—IMF (+)

—other international organizations (+)

(b) with banks and other financial institutions headquartered in the reporting country (+)

(c) with banks and other financial institutions headquartered outside the reporting country (+)

4. Undrawn, unconditional credit lines provided to:

(a) other national monetary authorities, BIS, IMF, and other international organizations

—other national monetary authorities (-)

—BIS (-)

—IMF (-)

—other international organizations (-)

(b) banks and other financial institutions headquartered in reporting country (- )

(c) banks and other financial institutions headquartered outside the reporting country ( - )

5. Aggregate short and long positions of options in foreign currencies vis-a-vis the domestic currency

(a) Short positions

(i) Bought puts

(ii) Written calls

(b) Long positions

(i) Bought calls

(ii) Written puts

PRO MEMORIA: In-the-money options

(1) At current exchange rate

(a) Short position

(b) Long position

(2) + 5 % (depreciation of 5%)

(a) Short position

(b) Long position

(3) - 5 % (appreciation of 5%)

(a) Short position

(b) Long position

(4) +10 % (depreciation of 10%)

(a) Short position

(b) Long position

(5) - 10 % (appreciation of 10%)

(a) Short position

(b) Long position

(6) Other (specify)

(a) Short position

(b) Long position

IV. Memo items

(1) To be reported with standard periodicity and timeliness: Money Authorities Central Government

(a) short-term domestic currency debt indexed to the exchange rate

(b) financial instruments denominated in foreign currency and settled by other means (e.g., in domestic currency)

—derivatives (forwards, futures, or options contracts)

—short positions

—long positions

—other instruments

(c) pledged assets

—included in reserve assets

—included in other foreign currency assets

(d) securities lent and on repo -78,6

—lent or repoed and included in Section I -78,6

—lent or repoed but not included in Section I 0,0

—borrowed or acquired and included in Section I

—borrowed or acquired but not included in Section I

(e) financial derivative assets (net, marked to market) 0,3

—forwards

—futures

—swaps 0,3

—options

—other

(f) derivatives (forward, futures, or options contracts) that have a residual maturity greater than one year.

—aggregate short and long positions in forwards and futures in foreign currencies vis-a-vis the domestic currency (including the forward leg of currency swaps)

(a) short positions ( – )

(b) long positions (+)

—aggregate short and long positions of options in foreign currencies vis-a-vis the domestic currency

(a) short positions

(i) bought puts

(ii) written calls

(b) long positions

(i) bought calls

(ii) written puts

(2) To be disclosed at least once a year:

(a) currency composition of reserves (by groups of currencies) 717,7

—currencies in SDR basket 186,8

—currencies not in SDR basket 530,9

—by individual currencies (optional)

Statistical treatment of the International monetary reserves by the entrance of Slovenia to the Euro area

With entry to the Economic and Monetary Union, Slovenia joined the countries who participate in common monetary policy of member countries and don't conduct their own monetary policy. Banka Slovenije has become one of the members of the European system of the central banks, whose share of the national international monetary reserves forms a part of the common international monetary reserves of the Economic and Monetary Union.

The statistical treatment of the international monetary reserves has changed with adoption of euro. Only the part of the foreign currency reserves, which is nominated in the non-euro currency and is invested in the non-EMU countries, is included into the international monetary reserves of Slovenia, in addition to the monetary gold, reserve tranches and SDR's. The same concept of the international monetary reserves is applied in all other EMU member countries.

On the assumption that the structure of foreign exchange reserves is not substantially changed, the introduction of euro causes a decrease of existing international monetary reserves by 85%. This actually means only the statistical redistribution of stocks from categories, which are defined as the international monetary reserves, to other adequate instruments (currency, deposits and/or securities). The decrease of the international monetary reserves was also witnessed at the introduction of euro in other member countries. The reserves of the primary EMU member states decreased on average by more than 30%, which means that they had at the time of the introduction of euro, 30% of reserves either nominated in currencies, which were succeeded by euro, or in the financial instruments of the issuers resident in the EMU area.

More on Statistical treatment of the Eurosystem's international reserves