RegAlert2025-08-04
Added · Updated
Circular No. 02/EFI/2025, August 1 – Report on Foreign Exchange Position Limits and Market Risk
The Bank of Mozambique requires credit institutions to exceptionally report foreign exchange position limits and market risk data through the Banking Supervision Application (BSA), adjusting their prudential reports in accordance with Notice No. 4/GBM/2025. This Circular mandates the use of newly attached Tables IX and XII.1 to calculate spot and forward positions, purchases, sales, accruals, and capital requirements for a period of 365 days. All interpretive or application queries must be directed to the Prudential Supervision Department, with the regulatory framework taking effect on August 1, 2025.
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Bank of Mozambique
Administration
FINANCIAL STABILITY DEPARTMENT
CIRCULAR NO. 02/EFI/2025
MAPUTO, AUGUST 1, 2025
SUBJECT: REPORT ON FOREIGN EXCHANGE POSITION LIMITS AND MARKET RISK INFORMATION
Given the need to exceptionally adjust the prudential reports resulting from the approval of Notice No. 4/GBM/2025, dated August 1, concerning the exceptional regime regarding the foreign exchange position limit set forth in the Regulation on Prudential Ratios and Limits of Credit Institutions, the Bank of Mozambique determines:
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Credit institutions must submit to the Bank of Mozambique, exceptionally and based on the attached tables, the reports regarding Tables IX – Foreign Exchange Position Limit and XII.1 – Market Risk, as established by Circular No. 1/SCO/2013, dated December 31.
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The reporting referred to in the preceding paragraph is carried out through the Banking Supervision Application (BSA).
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This Circular shall remain in force for a period of three hundred and sixty-five days.
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This Circular enters into force on August 1, 2025.
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Any doubts regarding the interpretation and application of this Circular must be submitted to the Prudential Supervision Department of the Bank of Mozambique.
BANK OF MOZAMBIQUE
Financial Stability Department
[Signature]
Benedita Guimino
Administrator
FOR A STABLE METICAL AND A SOUND AND INCLUSIVE FINANCIAL SYSTEM w w w . b a n c o m o c . m z
ANNEX A
Table (IX) — Foreign Exchange Position Limit
TABLE IX - FOREIGN EXCHANGE POSITION LIMITS Article 3 of Notice No. 4/GBM/2026, published in the Republic Gazette No. 146, I Series, dated August 01, 2026
MZ_POSL_CMBIPB001
Annex to Circular No. 02/EFI/2026
| Institution Code: | |
|---|---|
| Economic Year: | |
| Start Date: | |
| End Date: |
| Own Funds | ||||||
|---|---|---|---|---|---|---|
| Total (1) | 1% (2) | 2% (3) | 10% (4) | 20% (5) |
| Countries | Currencies | Spot Position (6) | Forward Position (7) | Closing Status (10) | (equivalents in thousands of MT) | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Status (8) | Day's Operations (9) | Closing Status (10) | Opening Status (8) | Day's Operations (9) | Closing Status (10) | Global Position | ||||||||||||||
| Long (11) | Short (12) | Purchases (13) | Sales (14) | Receipts (15) | Payments (16) | Long (17) | Short (18) | Long (19) | Short (20) | Purchases (21) | Sales (22) | Transfers (23) | Accruals (24) | Costs (25) | Long (26) | Short (27) | (28) | |||
| E. United States | USD | |||||||||||||||||||
| European Union | EUR | |||||||||||||||||||
| South Africa | ZAR | |||||||||||||||||||
| Canada | CAD | |||||||||||||||||||
| Denmark | DKK | |||||||||||||||||||
| United Kingdom | GBP | |||||||||||||||||||
| Japan | JPY | |||||||||||||||||||
| Malawi | Kwacha MWK | |||||||||||||||||||
| Norway | NOK | |||||||||||||||||||
| Sweden | SEK | |||||||||||||||||||
| Switzerland | CHF | |||||||||||||||||||
| Zambia | ZMK | |||||||||||||||||||
| Zimbabwe | ZWD | |||||||||||||||||||
| Mauritius | MUR | |||||||||||||||||||
| Australia | AUD | |||||||||||||||||||
| TOTAL |
We declare that the information contained in this table is consistent with the institution's accounting records and other supporting documents.
Date: ____________________ Administrator: ____________________ Information Officer: ____________________
Explanatory Notes
| (1) | Value from field (50) of the own funds report |
|---|---|
| (2) | 0.01 x (1) |
| (3) | 0.02 x (1) |
| (4) | 0.10 x (1) |
| (5) | 0.20 x (1) |
| (6) | Resulting from operations already executed or whose settlement is agreed for the next two business days |
| (7) | Operations whose settlement is contracted for after the next two business days |
| (8) | Positions verified at the close of the previous day |
| (9) | Operations executed or contracted on the day to which the information relates |
| (10) | Positions verified at the close of the day to which the information relates |
| (11) | Previous day's spot long position |
| (12) | Previous day's spot short position |
| (13) | Spot purchases (settlement contracted for the next two business days). Includes forward purchases that, due to settlement expected within the next two business days, are transferred to the spot foreign exchange position |
| (14) | Spot sales (settlement contracted for the next two business days). Includes forward sales that, due to settlement expected within the next two business days, are transferred to the spot foreign exchange position |
| (15) | Record of: a) Revenues that were accrued in the forward foreign exchange position and, due to settlement expected within the next two business days, are transferred to the spot foreign exchange position; b) Inflows of values not previously recorded in the foreign exchange position |
| (16) | Record of: a) Costs that were accrued in the forward foreign exchange position and, due to settlement expected within the next two business days, are transferred to the spot foreign exchange position; b) Outflows of values not previously recorded in the foreign exchange position |
| (17) | (11) + (13) + (15) - ((12) + (14) + (16), if the result is greater than zero |
| (18) | (11) + (13) + (15) - ((12) + (14) + (16), if the result is less than zero |
| (19) | Previous day's forward long position |
| (20) | Previous day's forward short position |
| (21) | Forward purchases (settlement contracted for beyond the next two business days) |
|---|---|
| (22) | Forward sales (settlement contracted for beyond the next two business days) |
| (23) | Algebraic sum of forward purchases (+) and sales (-), as well as accrued revenues (+) and costs (-) that, due to settlement expected within the next two business days, are transferred to the spot foreign exchange position |
| (24) | Accrual of revenues in foreign currency. Also includes: (i) Fair value variations of financial derivative instruments on foreign currency, associated with cash flow and net foreign currency investments, recorded in revaluation reserves (accounts 5803 and 5804); and (ii) Foreign exchange variations of non-monetary financial assets classified as available for sale, recorded in revaluation reserves (accounts 58001 and 5801) |
| (25) | Accrual of costs in foreign currency. Also includes: (i) Fair value variations of financial derivative instruments on foreign currency, associated with cash flow and net foreign currency investments, recorded in revaluation reserves (accounts 5803 and 5804); and (ii) Foreign exchange variations of non-monetary financial assets classified as available for sale, recorded in revaluation reserves (accounts 58001 and 5801) |
| (26) | ((19+21+24)-(20+22+23+25)), if the result is greater than zero |
| (27) | ((19+21+24)-(20+22+23+25)), if the result is less than zero |
| (28) | ((17+26)-(18+27)), long position if the result is greater than zero |
| (29) | ((17+26)-(18+27)), short position if the result is less than zero |
ANNEX B
Table (XII) — Market Risk
TABLE III.1: REPORT ON THE DETERMINATION OF NET FOREIGN EXCHANGE POSITIONS FOR THE PURPOSE OF CALCULATING OWN FUNDS REQUIREMENTS TO COVER MARKET RISK Notice No. 4/GBM/2025, published in the Republic Gazette No. 146, I Series, dated August 01, 2025
MZ_POSCA_RMERCMC001
Annex to Circular No. 02/EFI/2025
| Institution Code: | |
|---|---|
| Economic Year: | |
| Start Date: | |
| End Date: |
(Equivalents in thousands of Meticais)
| Countries | Currencies | Spot Position (6) | Forward Position (7) | Closing Status (10) | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Status (8) | Day's Operations (9) | Closing Status (10) | Opening Status (8) | Day's Operations (9) | Closing Status (10) | Global Net Position | ||||||||||||||
| Long (11) | Short (12) | Purchases (13) | Sales (14) | Receipts (15) | Payments (16) | Long (17) | Short (18) | Long (19) | Short (20) | Purchases (21) | Sales (22) | Transfers (23) | Accruals (24) | Costs (25) | Long (26) | Short (27) | Long (28) | Short (29) | ||
| E. United States | USD | |||||||||||||||||||
| European Union | EUR | |||||||||||||||||||
| South Africa | ZAR | |||||||||||||||||||
| Canada | CAD | |||||||||||||||||||
| Denmark | DKK | |||||||||||||||||||
| United Kingdom | GBP | |||||||||||||||||||
| Japan | JPY | |||||||||||||||||||
| Malawi | Kwacha MWK | |||||||||||||||||||
| Norway | NOK | |||||||||||||||||||
| Sweden | SEK | |||||||||||||||||||
| Switzerland | CHF | |||||||||||||||||||
| Zambia | ZMK | |||||||||||||||||||
| Zimbabwe | ZWD | |||||||||||||||||||
| Mauritius | MUR | |||||||||||||||||||
| Australia | AUD | |||||||||||||||||||
| TOTAL |
Capital Requirements for Foreign Exchange Rate Risk Coverage: ____________________
We declare that the information contained in this table is consistent with the institution's accounting records and other supporting documents.
Date: ____________________ Administrator: ____________________ Information Officer: ____________________
Explanatory Notes
When completing the reporting table for the calculation base of minimum capital requirements to cover market risk, the following aspects indicated in the notes below must be considered, whose numbers correspond to those indicated for the various items of the tables:
1. For Table XII.1
| 1 | Long position: value from field (28) of Table XII.1 | |
|---|---|---|
| 2 | Short position: value from field (29) of Table XII.1 | |
| 7 | Net long position: resulting from the sum of values in columns 1+3+5 | |
| 8 | Net short position: resulting from the sum of values in columns 2+4+6 | |
| (9) | Column (1) | Sum of long positions for all currencies |
| (9) | Column (2) | Sum of short positions for all currencies |
| (9) | Column (3) | Sum of long positions for all currencies |
| (9) | Column (4) | Sum of short positions for all currencies |
| (9) | Column (5) | Sum of long positions for all currencies |
| (9) | Column (6) | Sum of short positions for all currencies |
| (9) | Column (7) | Determination of global net long positions: Sum of long positions for all currencies |
| (9) | Column (8) | Determination of global net short positions: Sum of short positions for all currencies |
| (10) | Determination of the calculation base for capital requirements to cover market risk (foreign exchange): the highest amount between values in columns (7) and (8) |
2. For Table XII.1
Table XII.1 is a transposition of the position limit report from the last business day of each month, with columns (28) and (29) added.
| Column (28) | Sum, by currency, of the long position regarding the closing status of the spot position |
|---|---|
| Column (29) | Sum, by currency, of the position regarding the closing status of the forward position. |
FOR A STABLE METICAL AND A SOUND AND INCLUSIVE FINANCIAL SYSTEM w w w . b a n c o m o c . m z
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Source: Banco de Mocambique — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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