This third edition of the Coordinated Portfolio Investment Survey Guide has been prepared to assist economies that participate or are preparing to participate in the Coordinated Portfolio Investment Survey (CPIS). It builds on and updates the second edition of the CPIS Guide (2002) to reflect the adoption of the Balance of Payments and International Investment Position Manual, sixth edition (BPM6) as the standard framework for compiling cross-border position statistics.
CPIS are as follows:
To collect, compile, and disseminate comprehensive information, with geographical detail on the economy of residence of the issuer and on holdings of portfolioinvestmentsecurities (data are separately requested for equity, long-term debt securities, and short-term debt securities), for use in the compilation or improvement of IIP statistics. The IIP statistics, in turn, can provide information to check the coverage of recorded estimates of portfolio investment financial flows and associated investment income transactions recorded in the
-issuing corporations, insurance corporations, pension funds, and non-MMF investment funds), but also for nonfinancial sectors such as households and nonfinancial corporations.
Coordinated Portfolio Investment Survey and Coordinated Direct Investment Survey
1.22 The Handbook also refers to the IMF’s Coordinated Portfolio Investment Survey (CPIS) and the Coordinated Direct Investment Survey (CDIS) (see Annex 6 ). The CPIS provides information, for each contributing country, on cross-border holdings of portfolioinvestmentsecurities, aggregated by type of security (equity
This chapter sets out the scope and modalities of the Coordinated Portfolio Investment Survey (CPIS), Securities Held as Foreign Exchange Reserves (SEFER), and Securities Held by International Organizations (SSIO) .
Scope of the CPIS
Participation and Reference Date
2.1 All economies are welcome to participate in the Coordinated Portfolio Investment Survey (CPIS). The focus of the survey is on economies with sizable assets of portfolioinvestmentsecurities (including small economies with international financial centers, or SEIFiCs) and economies
Katayama and Gabriel Sensenbrenner.
2 The amount reflects estimates of the current fair values taking depreciation into account.
3 The amount reflects year-end holdings of portfolioinvestmentsecurities valued at market prices.
4 Tax havens include Bahamas, Bermuda, Cayman Islands, Guernsey, Jersey, and the British Virgin Islands.
5 Based on outward FDI positions reported by the Kuwaiti authorities, which is 4 percent larger than the positions reported by the counterpart economies.
6 ICs account for $275 million and $3,453 million of
and IIP needs and methodology, it is recommended to consult the data sources directly for a more detailed description of coverage and methodology.
IMF’s Bilateral Data Collections 1
Coordinated Portfolio Investment Survey (CPIS) 2
7.9 The CPIS provides information on individual economy year-end holdings of portfolioinvestmentsecurities (short- and long-term debt securities and equities), valued at market prices, cross classified by the economy of issuer of the securities, and it is therefore most suited to be used for IIP compilation. The CPIS focuses
from the National Survey Results
In Austria, custodians provide the Oesterreichis-che Nationalbank (ONB) with information on individual securities at par value (see chapter 2 , section III ). The custodians are not able to distinguish between portfolioinvestmentsecurities and securities held for direct investment purposes. Hence, all securities are included in the report by custodians, 18 and the data need to be adjusted by the ONB using an estimate of direct investment securities held with domestic custodians.
As in many countries, the data on outward
13.39 Because of the need to improve the coverage of portfolio investment assets globally, and also because of the difficulty of identifying nonresident ownership of resident securities, the IMF, in cooperation with other international organizations, has promoted the development of a Coordinated Portfolio Investment Survey (CPIS). 10 The CPIS collects comprehensive information on year-end holdings of portfolioinvestmentsecurities by individual economy, both equity and debt securities, valued at market prices, and cross-classified by economy of issuer of the