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- Index number:
- 000014453-2022-0104
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- Dispatch date:
- 2022-12-15
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- Publish organization:
- State Administration of Foreign Exchange
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- Exchange Reference number：
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- Name：
- SAFE Releases Data on Foreign Exchange Settlement and Sales by Banks and Data on Foreign-related Receipts and Payments by Non-banking Sectors in November 2022
As shown in the statistics of the State Administration of Foreign Exchange (SAFE), in November 2022, the amount of foreign exchange settlement and sales by banks was RMB 1330.4 billion and RMB 1375.4 billion, respectively. During January to November 2022, the accumulative amount of foreign exchange settlement and sales by banks was RMB 15777.6 billion and RMB 15134.4 billion, respectively.
In the US dollar terms, in November 2022, the amount of foreign exchange settlement and sales by banks was USD 185.7 billion and USD 192.0 billion, respectively. During January to November 2022, the accumulative amount of foreign exchange settlement and sales by banks was USD 2361.6 billion and USD 2261.3 billion, respectively.
In November 2022, the amount of cross-border receipts and payments by non-banking sectors was RMB 3635.3 billion and RMB 3704.1 billion, respectively. During January to November 2022, the accumulative amount of cross-border receipts and payments by non-banking sectors was RMB 38299.1 billion and RMB 37978.3 billion, respectively.
In the US dollar terms, in November 2022, the amount of cross-border receipts and payments by non-banking sectors was USD 507.5 billion and USD 517.1 billion, respectively. During January to November 2022, the accumulative amount of cross-border receipts and payments by non-banking sectors was USD 5723.8 billion and USD 5670.5 billion, respectively.
Addendum: Glossary and relevant definitions
Balance of payments (BOP) refers to all economic transactions between residents and non-residents.
Foreign exchange settlement and sales by banks refers to settlement and sale transaction that bank executes for customers and for the banks themselves, including statistic data on settlements of forward contracts for foreign exchange settlement and sales and the exercises of option, and excluding the transactions in the interbank foreign exchange market. The statistic reporting date of Foreign exchange settlement and sales by banks should be the trade day of the Foreign exchange settlement and sales transaction. By definition, foreign exchange settlement means that foreign exchange holders sell foreign exchange to banks, and foreign exchange sales means that banks sell foreign exchange to foreign exchange buyers.
The newly signed contract amount of forward foreign exchange settlement and sales refers to the binding forward contract between a bank and its client that predetermines foreign exchange currency, amount, exchange rate and tenor which to be executed upon maturity.
The unwind amount of forward foreign exchange settlement and sales refers to, where client is unable to perform the original forward contract due to change in its real demand, client to fully or partially close its forward position by executing another deal with opposite direction to the original contract.
The rolling amount of forward foreign exchange settlement and sales refers to client to adjust the settlement date of original contract due to change in its real demand.
The outstanding amount of forward foreign exchange settlement and sales by the end of the current period refers to the total amount of forward contracts accumulated from all non-matured forward contracts with client.
The net Delta exposure of outstanding options refers to the implied foreign exchange spot risk exposure from outstanding option contracts that bank executed with client.
The cross-border receipts and payments by non-banking sectors refers to the receipts and payments between domestic non-banking sectors (including institutional and individual residents) and non-residents through domestic banks, excluding receipts and payments in cash. In particular, the statistics includes cross-border receipts and payments between non-banking sectors and non-residents through domestic banks (including RMB and foreign currency), and domestic receipts and payments between non-banking sectors and non-residents through domestic banks (temporarily excluding domestic receipts and payments in RMB between individual residents and non-resident individuals). Data are collected when customers conduct receipts and payments with non-resident counterparties at domestic banks. Specifically, the receipts refer to the capital of non-banking sectors received from non-residents via domestic banks; the payments refer to the capital of non-banking sectors paid to non-residents via domestic banks.
