Portfolio Investment: Coordinated Portfolio Investment Survey Guide, second edition

The Coordinated Portfolio Investment Survey Guide, second edition, (Survey Guide, second edition) is provided to assist national compilers in preparing for the CPIS. The Survey Guide, second edition was prepared by the IMF’s Task Force on the Coordinated Portfolio Investment Survey, which was established by the IMF Committee on Balance of Payments Statistics. The Survey Guide, second edition should prove to be a valuable source of information for compilers of any jurisdiction participating in the Coordinated Survey.

The Survey Guide, second edition has two main purposes:

(a) To set out the objectives of the Coordinated Portfolio Investment Survey.

(b) To provide practical advice on how to prepare, organize, and conduct the national survey.

The Survey Guide, second edition (final) consists of six chapters and seven appendices:

The first chapter is the introduction, and provides the background to the survey, reviews the outcome of the 1997 CPIS, and sets the stage for future surveys.

The second chapter presents the purpose, scope, and modalities of the CPIS.

The third chapter presents the concepts and principles that underlie the survey, including some of the more difficult issues such as attribution of residence, treatment of repurchase agreements and securities lending, the separation of direct from portfolio investment, and valuation principles.

The fourth chapter covers collection methods and choosing a collection system. Guidance is offered on the issues to be considered, bearing in mind that each country must take account of its own financial structure and particular circumstances.

The fifth chapter covers some other practical issues associated with preparing for a national survey. These include setting a timetable, taking account of the legal and confidentiality issues raised, developing a mailing list, choosing from types of software packages that can be used, and maintaining quality control checks.

The sixth chapter covers a variety of experiences of countries that participated in the 1997 CPIS, which may be of particular interest to countries undertaking a survey of this nature for the first time.

Finally, the appendices provide five model survey forms:

• A model form for a survey of custodians and end-investors on a security-by-security basis.
  
  
• A model form for an end-investor only survey on an aggregate basis.
  
  
• A model form for a mixed custodian/end-investors survey on an aggregate basis.
  
  
• A model form for a mixed custodian/end-investor survey on an aggregate basis for small island economies with international financial centers.
  
  
• A model form for an end-investor survey on an aggregate basis for small island economies with international financial centers.
  
  

The sixth appendix provides definitions and descriptions of financial instruments.

The seventh appendix presents ISIN codes.

Copies are available from the IMF's Publication's Unit (Tel: (202)
623-7430, Fax: (202) 623-7201, email: publications@imf.org).

See also the side-bars to this page for additional information on the 1997 and 2001 CPIS surveys.