| SDDS | Date of last update: 06/28/2002 |
| Category Provider's Data | |
Contact Person |
Fernando Alberto G. Sampaio C. Rocha |
Organization |
Banco Central do Brasil, Departamento Econômico, Divisão de Balanço de Pagamentos SBS Qd.3, Ed. Sede, Bl. B, 9º andar Brasília (DF) - Brasil CEP 70.074-900 |
Phone Number |
55 61 3414-2205 |
Fax Number |
55 61 3226-7552 |
| Dibap.depec@bcb.gov.br | |
| Description | |
| The Data: Coverage, Periodicity, and Timeliness | |
Coverage characteristics |
Data are disseminated in US$ million in current non-seasonally-adjusted values and published in accordance with the methodology set out in the fifth edition of the IMF´s "Balance of Payments Manual". The International Investment Position (IIP) shows the external assets and liabilities of the reporting country. The assets are broken down into five items: direct investment abroad, portfolio investment, financial derivatives, other investment and reserve assets; the liabilities are broken down into four items: direct investment in reporting economy, portfolio investment, financial derivatives and other investment. |
Periodicity |
Quarterly. |
Timeliness |
Up to six months after the end of the reference period. |
| Access by the Public | |
Advance dissemination of release calendar |
An advance release calendar that gives one quarter ahead notice of the precise release dates is published on the website of the Central Bank of Brazil (http://www.bcb.gov.br/sddsi/calendar_i.htm) and on the IMF's Data Dissemination Standards Bulletin Board (http://dsbb.imf.org). A calendar for the entire
following year is published on each December issue of the Central Bank
Press Release and on Central Bank's website: |
Simultaneous release to all interested parties |
The data are released simultaneously to all interested parties on the web page of the Central Bank of Brazil (http://www.bcb.gov.br). |
| Integrity | |
Dissemination of terms and conditions under which official statistics are produced, including those relating to confidentiality of individual responses |
The Central Bank of Brazil compiles
and publishes monetary and financial statistics pursuant to the
legislation in force, specifically the Law establishing the Central Bank
(Law Nr. 4595 of Dec. 31st, 1964) and the National Monetary Council
resolutions, governing the generation and release of data and information,
in particular with regard to the confidentiality of data.The Central Bank guarantees the
confidentiality of the data in observance of the established in Article 38
of the Law Nr. 4595.The Law Nr. 4595, the National
Monetary Council resolutions, and other rules issued by the Central Bank
of Brazil, as well as other legislation, can be found in Portuguese on the
Central Bank's Internet page: http://www.bcb.gov.br/mPag.asp?cod=106&Perfil=1&codP=0 These laws are available to the public in Portuguese at the Internet page of the Presidency of the Republic, under search of decrees and laws: http://www.planalto.gov.br. |
Identification of internal government access to data before release |
Advance access is not provided to any official outside the Central Bank of Brazil. |
Identification of ministerial commentary on the occasion of statistical releases |
There is no ministerial commentary. |
Provision of information about revision and advance notice of major changes in methodology |
Published data are subject to revisions, which are
introduced in the following releases.
Major changes in methodology are informed when they are introduced. |
| Quality | |
Dissemination of documentation on methodology and sources used in preparing statistics |
A short explanation on the IIP methodology and the source of the data are available in the Summary Methodology Statement. |
Dissemination of component detail, reconcilliations with related data, and statistical frameworks that support statistical cross-checks and provide assurance of reasonableness |
Not applicable. |
Notes |
Summary page on observance and transition plan. |
| Dissemination Formats | |||
| Hardcopy | |||
| X | X | News release | Central Bank Press Release is published in Portuguese and in English, and is available upon request, free of charge. |
| Weekly bulletin | |||
| Monthly bulletin | |||
| Quarterly bulletin | |||
| X | Other | The Central Bank Annual Reports are available in Portuguese
and in English at the Central Bank's library or by paid subscription from:
DEMAP/DISUP/SUIMP SIG - Quadra 8 – Lote 2025 70610-400 Brasilia (DF) - Brasil Telephone 55 61 3344-1554 Fax 55 61 3344-2982 e-mail: demap.disup@bcb.gov.br The cost is R$ 19.05 per issue. |
|
| Electronic media | |||
| X | On-line country bulletin board or database | ||
| X | Internet address |
External Sector Press
Release Central Bank
Bulletin |
|
| Diskette | |||
| CD ROM | |||
| Other | |||
| Summary Methodology |
| Analytical framework, concepts, definitions, and classifications (including reference to applicable guidelines) |
|
International Investment Position data comprise external assets and liabilities of the reporting country, in accordance with the methodology set out in the fifth edition of the IMF´s "Balance of Payments Manual" (BPM5). The balances are closely related to the balance of payments financial account flows. Assets are broken down into five items: direct investment abroad, portfolio investment, financial derivatives, other investment and reserve assets; liabilities are broken down into four items: direct investment in reporting economy, portfolio investment, financial derivatives and other investment. |
| Scope of the data (coverage of, e.g., institutional units, transactions and stock, commodities, industries, and geographic areas) |
|
All individuals, businesses and economic units are believed to be covered by the International Investment Position, as well as all Brazilian states, the Federal District, and all diplomatic and consular offices abroad. All countries in which there may exist Brazilian assets or hold assets in Brazil are also believed to be covered by the International Investment Position data. |
| Accounting conventions (e.g. time of recording, valuation methods) |
|
International Investment Position data are disseminated in millions of US dollars. The external debt statistics, included in the International Investment Position, are valued by the book values for all registers, in its original currency, made by the debtors before the Electronic Declaratory Registration - Financial Operations Registration (RDE-ROF) System, converted into US dollars by the end-of-period exchange rate, published by the Central Bank of Brazil. Non-registered external debt data are also included. The latter are obtained form the Accounting Plan of the National Financial System Institutions (Cosif) and from private companies (Petrobras) reports on credit lines. |
| Nature of the basic data (e.g., administrative records, surveys censuses, combinations of these) |
|
I. Assets I.1. Direct investment abroad Source: census on Brazilian Capitals Abroad, compiled by the Central Bank; I.2. Portfolio investment Sources: census on Brazilian Capitals Abroad and Bank for International Settlements (BIS) reports on securities pledged as collateral; I.3. Financial derivatives Source: census on Brazilian Capitals Abroad; I.4. Other investment Sources: census on Brazilian Capitals Abroad and Brazilian memberships in international organizations. I.5. Reserve assets Sources:
International Reserves Operation Department (Depin) and External Debt and
International Relations Department (Derin). Banco Central´s reserve assets
comprise monetary gold, Special Drawing Rights (SDRs) and foreign currency
assets, represented by deposits (overnight, repurchase agreements in the
Federal Reserve Board - FED and time deposits), securities and Reciprocal
Payment and Credit Agreement (CCR credits). The reserve position in the
IMF is also considered a reserve asset. Note: The declaration on Brazilian Capitals Abroad (CBE) , containing end-of-period data, is annually sent to the Central Bank by all residents holding assets abroad valued at R$200,000 or higher (this value can be annually altered by the Central Bank). The quarterly IIPs' assets (as of March, June and September), whose source is the CBE, are estimated by the balance of payments flows. II. Liabilities II.1. Direct investment in reporting economy Direct investment in
reporting country, equity capital, is compiled each five years by the
Central Bank Census of Foreign Capitals in Brazil. The last published data
refers to 1995 and 2000. For the other years, an assessment is made, based
on the balance of payments foreign direct investment monthly
flows. II.2. Portfolio investment Equity securities:
In the reporting country: Comprises non-residents
investments in equity securities in Brazil, ruled by the National Monetary
Council Resolution 2689, dated 1.26.2000. This Resolution establishes that
the investor must appoint a representative in the country, who is in
charge of registering the investment before the Central Bank and before
the Comissão de Valores Mobiliários (CVM), i.e., Securities and Exchange
Commission of Brazil. These registrations data are obtained from the
Sisbacen. Debt securities: In the reporting
country: Comprises non-residents investments in debt securities
in the reporting country, governed by the National Monetary Council
Resolution 2689, dated 1.26.2000. This Resolution establishes that the
investor must appoint a representative in the country, who is in charge of
registering the investment before the Central Bank. These data are
obtained from the Sisbacen. II.3. Financial derivatives Financial derivatives data source is CVM; II.4. Other investment Trade credit and
loans: data obtained from the RDE-ROF system, related to external
debt statistics, comprising trade credit and loans, besides non-registered
external debt data, obtained from the Accounting Plan of the National
Financial System Institutions (Cosif) and from Petrobras (Brazilian oil
company) reports on credit lines; Note: The external debt
statistics, RDE-ROF system, are included in the following IIP
items: |
| Compilation practices (e.g., weighting schemes, imputation methods, balancing/cross-checking techniques) |
| Not applicable. |
| Other aspects (e.g., seasonal adjustment, disclosure avoidance, base years, reference years, transformations from fiscal to calendar years) |
| Not applicable. |