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Participating central banks will survey financial institutions in their jurisdiction and submit national aggregates to the BIS, which will calculate and publish global totals. More than 5,000 financial institutions worldwide are expected to contribute.
Data on daily turnover in foreign exchange spot markets, as well as foreign exchange and interest rate over-the-counter (OTC) derivatives markets, will be collected in April 2013. Data on the outstanding notional amounts and gross market values of foreign exchange, interest rate, equity, commodity, credit and other OTC derivatives contracts will be collected at end-June 2013.
The BIS has been working with central banks to prepare the guidelines and reporting templates for the upcoming Survey. The turnover part of the Survey will again be conducted on a residency basis, and the amounts outstanding part on a global consolidated basis.
The preliminary global results of the turnover part of the Survey are expected to be published by the BIS in September 2013, and those for the amounts outstanding part in November 2013. The final comprehensive report on the Survey should be available before the end of 2013.