BANQUE CENTRALE DU LUXEMBOURG

EUROSYSTEM

Ref.: ST.22-0112
Circular Letter

Luxembourg, February 25, 2022

To all credit institutions

Subject: Triennial Survey of the Global Foreign Exchange and Derivatives Markets by the Bank for International Settlements (BIS) – April 2022

Madam, Sir,

In April 2019, the Bank for International Settlements (BIS) organized the seventeenth triennial international coordinated survey of the global foreign exchange and derivatives markets. An eighteenth survey is scheduled for April 2022. As with previous surveys, the Banque Centrale du Luxembourg (BCL) is again joining this international BIS survey and requests the cooperation of your institution.

The main objective of this survey is to obtain internationally comparable information on the size and structure of the foreign exchange and derivatives markets, as well as on activities in these markets. These statistics help improve the transparency of these markets and assist central banks, public authorities, and market participants in better understanding the development of the global financial system.

Therefore, we invite you to report your institution's activity in the foreign exchange and derivatives markets during April 2022, in accordance with the methodological framework defined by the BIS.

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BANQUE CENTRALE DU LUXEMBOURG

EUROSYSTEM

The data will be collected by the BCL and transmitted, in aggregated form, to the BIS, which will serve as the secretariat for the compilation and publication of the data at the international level and will also analyze it.

The detailed methodology of the survey, as well as the document to be completed by your institution, are available on the BIS website at the following address:

https://www.bis.org/statistics/triennialrep/guidelines_cbanks.htm

It is important to note that the BCL participates only in the survey of foreign exchange and derivatives transactions carried out during April 2022, i.e., the "Turnover in April 2022" section (left column). The documentation referring to the "Amounts outstanding at end-June 2022" section (right column) is not to be considered, as the BCL does not participate in this part of the BIS survey.

Thus, the documentation available for the "Turnover in April 2022" section includes the following:

• The necessary instructions for compiling the data, "Reporting guidelines".
• The Excel file for data entry, "Reporting templates".
• The list of institutions participating in the survey, "List of reporting dealers", which will be available on the BIS website from late March 2022.
• A series of general questions and answers, which may prove useful for compiling the data, "Frequently asked questions".

We therefore ask you to download the Excel file from the indicated website to enter your data. The data entered must be returned to the BCL via SOFIE or E-FILE (please refer to the annex for the data transmission format). We ask you to return the duly completed files to us by May 31, 2022, at the latest, or to inform us by letter if your institution has no transactions to report.

If you have any questions for which no information is available on the BIS website, we invite you to contact the BCL by sending an email to reporting.banques@bcl.lu.

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BANQUE CENTRALE DU LUXEMBOURG

EUROSYSTEM

In this context, we wish to inform you that this circular letter is also available in English on the BCL website.

Finally, we ask you to indicate the name and contact details of the person responsible for compiling the data in your institution.

We thank you in advance for your kind cooperation and ask you to accept, Madam, Sir, the assurance of our highest consideration.

BANQUE CENTRALE DU LUXEMBOURG

[Signature]
Roland Nockels
Head of Statistics Department

[Signature]
Roland Weyland
Director

Annex: 1
*
Communication with the BCL via Sofie or E-file

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BANQUE CENTRALE DU LUXEMBOURG

EUROSYSTEM

Annex – Communication with the BCL via Sofie or E-file

The document to be completed by your institution is available on the BIS website at the following address:

https://www.bis.org/statistics/triennialrep/guidelines_cbanks.htm

Your responses to the survey must be encrypted and communicated to the BCL via the usual transmission channels, SOFIE or E-FILE.

The name of your Excel file must be presented as follows:

"OTXREP-Bnnnn-BISTRI-YYYY-MM-JJ-vv.xls".

When sending your file, please follow the indications below:
1/ "nnnn" must be replaced by the unique identifier number of your institution (nosig).
2/ "YYYY" must be replaced by the current year (4 digits).
3/ "MM" must be replaced by the month of sending your file (2 digits).
4/ "JJ" must be replaced by the day of sending your file (2 digits).
5/ "vv" must be replaced by the version number of your file (2 digits).

For example, if bank 0001 sends its file on May 31, 2022 (first version), this file must be named as follows:

"OTXREP-B0001-BISTRI-2022-05-31-01.xls"

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