About securities statistics
The BIS compiles and publishes three sets of statistics on borrowing activity in debt capital markets.
- International debt securities (IDS)
IDS are debt securities issued in a market other than the local market of the country where the borrower resides. They capture issues conventionally known as eurobonds and foreign bonds. IDS are compiled from a security-by-security database built by the BIS using information from commercial data providers.
- Domestic debt securities (DDS)
DDS are debt securities issued in the local market of the country where the borrower resides, regardless of the currency in which the security is denominated. They are compiled from data reported to the BIS by central banks, with the exception of a few countries in which the BIS collects data via publicly available sources. The BIS calculates exchange rate-adjusted changes in stocks by assuming that amounts outstanding are denominated in the currency of the local market.
- Total debt securities (TDS)
TDS are debt securities issued by residents in all markets (the sum of international and domestic debt securities). The BIS does not calculate TDS. This is due to potential overlaps between IDS and DDS statistics. TDS statistics are published only for countries whose central banks report the relevant data to the BIS (some central banks report only DDS or TDS, while others report both).
The debt securities statistics are published quarterly - with a lag of about one quarter for the IDS statistics and two quarters for the DDS and TDS statistics. They are published concurrently with the BIS Quarterly Review in March, June, September and December.
View our release calendar for advance notice of publication dates.
BIS debt securities statistics are harmonised with the Handbook on Securities Statistics (HSS) recommendations, an internationally agreed framework for classifying debt securities issues. They are classified according to the issuer's residence and sector. A sector classification is presented even where partial data are available. For those countries in which data for the household sector are available but not published, the total for all sectors may exceed the sum of the published sectors. IDS statistics are also classified by nationality of the issuer, currency, maturity and interest rate type.
Valuation methods differ across countries and, in some cases, across sectors for the same country. For IDS statistics, all amounts are presented at face value. For DDS and TDS statistics, amounts may be presented at market, nominal or face value. The consistency of reporting practices with the HSS varies across countries. Key discrepancies are highlighted in a summary of countries' reporting practices.
The following publications provide further information about the structure and uses of the BIS debt securities statistics:
- "Changes to the BIS international debt securities statistics", BIS Quarterly Review, September 2015.
- "BIS debt securities statistics: a comparison of nationality data with external debt statistics", IFC Bulletin, no 39, April 2015.
- "Enhancements to the BIS debt securities statistics", BIS Quarterly Review, December 2012.
- "Financial stability and local currency bond markets", CGFS Publications, no 28, June 2007.
For queries on securities statistics, please write to statistics$bis.org (where "$" denotes "@").