Federal Reserve Economic Data

Counterparty Types (Questions 1-40)

Mutual Funds, Exchange-Traded Funds, Pension Plans, and Endowments (Questions 17-22)


The Senior Credit Officer Opinion Survey on Dealer Financing Terms (SCOOS) is a quarterly survey providing information about the availability and terms of credit in securities financing and over-the counter (OTC) derivatives markets, which are important conduits for leverage in the financial system. The participating institutions account for most of the dealer financing of dollar-denominated securities to non-dealers and are the most active intermediaries in OTC derivatives markets. The survey is directed to senior credit officers responsible for maintaining a consolidated perspective on the management of credit risks. For further information, please refer to the SCOOS release at the Board of Governor’s website: www.federalreserve.gov/data/scoos.htm.

IMPORTANT: Although the raw data series are constructed as counts for each offered response to a survey question, the data are intended to be viewed as grouped by question, rather than by individual responses. We recommend that it be accessed through the below release table for appropriate context.

For questions on the data, please contact the data source: https://www.federalreserve.gov/apps/ContactUs/feedback.aspx?refurl=/data/scoos%
For questions on FRED functionality, please contact: https://fred.stlouisfed.org/contactus/


17) Over the past three months, how have the price terms (for example, financing rates) offered to mutual funds, etfs, pension plans, and endowments as reflected across the entire spectrum of securities financing and otc derivatives transaction types changed, regardless of nonprice terms? (5)
18) Over the past three months, how has your use of nonprice terms (for example, haircuts, maximum maturity, covenants, cure periods, cross-default provisions or other documentation features) with respect to mutual funds, etfs, pension plans, and endowments across the entire spectrum of securities financing and otc derivatives transaction types changed, regardless of price terms? (5)
19) To the extent that the price or nonprice terms applied to mutual funds, etfs, pension plans, and endowments have tightened or eased over the past three months (as reflected in your responses to questions 17 and 18), what are the most important reasons for the change? (42)
20) How has the intensity of efforts by mutual funds, etfs, pension plans, and endowments to negotiate more-favorable price and nonprice terms changed over the past three months? (5)
21) Considering the entire range of transactions facilitated by your institution, how has the use of financial leverage by each of the following types of clients changed over the past three months? (20)
22) How has the provision of differential terms by your institution to most-favored (as a function of breadth, duration, and extent of relationship) mutual funds, etfs, pension plans, and endowments changed over the past three months? (5)

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