This series appears in Table 17a.
Source Code: Q:PH:3P:1:1:A:A:A:TO1:C:A:A:A:A:I
Nationality refers to the ultimate obligor, as opposed to the immediate borrower on a residence basis, and is linked to the consolidation of assets and liabilities for related entities. Information on a nationality basis is useful to analyse potential support that might be available from the parent company and to understand links between borrowers in different countries and sectors.
For example, the debts of a Cayman Islands subsidiary of a Brazilian bank may be guaranteed by the parent bank. Consistent with the approach taken in the international banking statistics, the BIS bases the nationality of an issuer on the residency of its controlling parent, regardless of any intermediate owners. (December 2012, BIS Quarterly Review, https://www.bis.org/publ/qtrpdf/r_qt1212h.pdf)
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Release: Debt Securities Statistics
Bank for International Settlements, Amount Outstanding of Domestic Money Market instruments for All Issuers, Short-Term at Original Maturity, Residence of Issuer in Philippines© [DMMISTRIAOAIPH], retrieved from FRED, Federal Reserve Bank of St. Louis https://research.stlouisfed.org/fred2/series/DMMISTRIAOAIPH/, November 27, 2015.