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SAUDI
ARABIAN MONETARY AGENCY
BANK
FOR INTERNATIONAL SETTLEMENT’S
SURVEY
OF FOREIGN EXCHANGE AND
DERIVATIVES
MARKET ACTIVITY
APRIL,
2001
|
1.
Overview
Every three years the Bank for International Settlements (BIS)
conducts a survey to measure the global
foreign exchange (FX) and derivatives markets in order to determine their
size and structure. In the Survey for 2001 all Saudi Banks under the
auspices of Saudi Arabian Monetary Agency (SAMA) participated.
Accordingly, all Saudi banks provided data on their turnover volumes in FX
and OTC derivative contracts for the month of April 2001 and on
outstanding contracts as at the end of June 2001. The results now being
released relate to the turnover part of the Survey. The BIS will publish
the results in respect of global turnover in September – October 2001.
| 2. Overall
Results of Survey |
($US Million)
|
|
|
| · Total
Turnover
|
2001
|
| · Foreign
Exchange Activity
|
50805
|
| · Derivatives
Turnover
|
4656
|
| |
|
| 3.
Overall Results by Product
|
|
|
3.1
Foreign Exchange Turnover
|
|
|
·
Spots
·
Outright
Forwards
·
Foreign
Exchange Swaps
|
29471
5219
16115
|
|
Total:
|
50805
|
|
|
|
3.2
Derivatives Turnover
|
|
|
·
Currency
Options
·
FRA’s
·
Interest
Rate Swaps
·
Interest
Rate Options
|
1260
393
3003
- |
|
Total: |
4656
|
| |
|
| 4.
Foreign Exchange and Derivatives Turnover by Counterparty
|
|
|
4.1
Foreign Exchange Turnover by Counterparty
|
|
|
($US Million)
|
·
SPOTS
·
Reporting
Dealers
·
Other
Financial Institutions
·
Non
Financial Customers
|
2001
19024
5560
4887
|
|
____
29471
|
| |
|
|
·
Outright Forwards
·
Reporting
Dealers
·
Other
Financial Institutions
·
Non
Financial Customers
|
2669
550
2000 |
|
____
5219
|
| |
|
|
·
Foreign Exchange Swaps
·
Reporting
Dealers
·
Other
Financial Institutions
·
Non
Financial Customers
|
14925
137
1053
|
|
____
16115
|
| ·
Total
Foreign Exchange Turnover
|
50805
======
|
|
4.2
Derivatives Turnover by Counterparty
Currency Options
|
|
|
·
Sold
·
Reporting
Dealers
·
Other
Financial Institutions
·
Non
Financial Customers
|
350
156
113
|
|
____
619
|
|
·
Bought
·
Reporting
Dealers
·
Other
Financial Institutions
·
Non
Financial Customers
|
134
122
385
|
|
Total: |
____
641
1260
|
|
($US Million)
2001 |
|
·
Forward Rate Agreement (FRA’s)
·
Reporting
Dealers
|
393
|
|
·
Interest Rate Swaps
· Reporting
Dealers
· Other
Financial Institutions
· Non
Financial Customers
|
2967
-
36
|
|
____
3003
|
|
·
Interest Rate Options
· Sold
· Other
Financial Institutions
· Non
Financial Customers
|
-
-
|
|
·
Bought
· Other
Financial Institutions
· Non
Financial Customers
|
-
-
|
|
Total
Derivative Turnover |
____
4656
|
| |
|
|
5.Foreign
Exchange Turnover by Major Currency Pairs 1
|
|
|
5.1. Saudi
Riyal (SR) Vs Other Currencies
·
SR
Vs $ US
·
SR
Vs all others
|
28176
703
|
|
Total:
|
28879
|
|
|
| 5.2.$ US Vs Other Currencies
|
|
|
·
$
US Vs Euro
·
“
“ Jpy
·
“
“ GBP
·
“
“ All
Others
Total:
|
9043
5330
2729
2141
_____
19243
|
|
2001
|
| 5.3
Euro Vs Other Currencies
|
|
|
·
Euro
Vs JPY
·
Euro
Vs All others
|
1730
172
|
|
____
1902
|
| |
|
| 5.4. Residual
Currency |
781
|
|
·
Total
Foreign Exchange Turnover
by Currency pairs
|
50805 1
|
| |
|
| 6.
Currency Pairs related to Foreign Currency Options:
|
|
|
6.1 $US Vs
Other Currencies
·
$US
Vs Euro
·
$US
Vs JPY
·
$
US Vs CHF
|
447
736
19
|
|
1202
|
| 6.2 Euro
Vs Other Currencies
|
|
|
·
Euro
Vs JPY |
58
_____ |
|
Total:
|
1260
|
|
|
| 7.
Grand Total Foreign Exchange Contracts |
52065
|
1
Does not include currency pairs related to currency options at SR. 1260
Million which are not included in the measurement of foreign exchange
turnover but in the measurement of derivative turnover.
|
|
