To Whom From Whom (TWFW) Matrices Note by Canada

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To Whom From Whom

(TWFW) Matrices

Note by Canada

To Whom From Whom Requirement

 SNA2008

• Financial Account

• Balance Sheet

• Flow-of Funds section in Chapter 27

 Securities’ databases

 IMF Monetary and Financial Statistics

• SRF

Statistics Canada • Statistique Canada

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2020-04-10

Canadian Financial and Wealth Accounts

(FWA) Overview

 Financial Flow Accounts and National Balance Sheet

Accounts presented in considerable sub-sector and instrument detail (thirty sectors and twenty-five classes of financial instruments) → some TWFW detail

 Financial Flow Accounts are available within approximately 60 days of the end of the reference quarter whereas the National Balance Sheet Accounts are available within approximately 75 days

Statistics Canada • Statistique Canada

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2020-04-10

Existing To Whom From Whom Detail

 Bonds

• Federal, Provincial, Local

• Other

Government Business Enterprises, Non-financial Corporations,

Financial Corporations, Issuers of Asset Backed Securities

 Savings Bonds are counterpart data

• Federal

• Provincial

Statistics Canada • Statistique Canada

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2020-04-10

Existing To Whom From Whom

Detail

 Paper

• Federal

• Other (incl. ABS)

 Life Insurance and Pension Instruments

• Counterparty

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Statistics Canada • Statistique Canada

2020-04-10

Available To Whom From Whom Detail

 Deposits

• Regulatory return with TWFW detail for chartered bank liabilities and near bank deposit liabilities has counterparty sectoral detail

 Loans

• Non-Mortgage Loan Return for chartered banks with

TWFW detail as counterparty sectoral detail

 Used in construction of matrix ... Investment req’d to articulate detail in FWA matrices

Statistics Canada • Statistique Canada

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2020-04-10

Partially Available To Whom From Whom Detail

 Investment Fund Units

• Mostly household sector

 Corporate Equity

• HR 2012 will present more instrument detail

 Mortgage

• Classification by use rather than sector (regulatory ratios) ... Mostly household counterparty

Statistics Canada • Statistique Canada

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2020-04-10

New Developments relative to TWFW

 STC securities databases (in BOPD) have high frequency micro-record detail on (i) total new issues, (ii) transactions in outstanding securities and purchases of new securities, as well as (iii) annual holdings of domestic-foreign securities (CPIS)

 Enhanced securities database

• Project to improve and integrate securities’ databases

• ... Along the lines of Securities Handbook (Vol’s1,2,3)

• 5-year project will strengthen TWFW detail used in the

FWA

Statistics Canada • Statistique Canada

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2020-04-10

Demand for TWFW Information

 International agency demand

• Stability of banking sector

 Domestic users

• Seemingly satisfied by significant sector detail

• Use of indicators

• Focus on sector transactions

• Net worth (non-financial assets)

Statistics Canada • Statistique Canada

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2020-04-10

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