Should TIC Form S Memorandum be filed if the total purchases and total sales of long-term domestic securities by Foreign Official Institutions are zero?
A. No. EXCHANGE OF LONG-TERM SECURITIES Q. How should the exchange by a foreign resident of long-term securities for short-term securities be reported? How should the exchange by a foreign resident of short-term securities for long-term securities be reported? A. In the exchange by a foreign resident of long-term securities for short-term securities, the long-term securities should be reported on TIC Form S as a sale by a foreign resident (column 6 or column 10). Conversely, in the exchange by a foreign resident of short-term securities for long-term securities, the long-term securities should be reported on TIC Form S as a purchase by a foreign resident (column 5 or column 9). U.S. dollar-denominated short-term securities held for the account of foreign residents should be reported by the U.S. custodian on TIC BL-2. Information on TIC Form BL-2 can be found at: http://www.treas.gov/tic/forms-b.html .
Related Questions
- Am I required to file if my reportable total purchases and total sales of long-term securities by foreign residents falls below the $50 million exemption level?
- Should TIC Form S Memorandum be filed if the total purchases and total sales of long-term domestic securities by Foreign Official Institutions are zero?
- How should purchases and sales of Depositary Receipts (DRs) be reported on TIC Form S?
