External Debt Statistics

External Debt Statistics

Back Matter

Author(s):
International Monetary Fund. Statistics Dept.
Published Date:
June 2014
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    Index

    Numbers in references refer to paragraphs in chapters, boxes, or appendices.

    A

    • Accounting principles, external debt statistics, 2.12–2.61, 6.1–6.38

    • Acceleration clause, definition, App. 3

    • Accrual of interest costs

      • definition, 2.29, App. 3

      • See also Interest, Interest costs

    • Accrual recording basis, Box 2.1

    • Active portfolio management, 11.39

    • ADR. See American depository receipt

    • Affiliates, definition, App. 3

    • Agreed minute, definition, App. 3

    • American depository receipt, App. 1 (Part 1)

    • Amortization schedule, definition, App. 3

    • Amortized value, definition, App. 3

    • Annuity-type repayment, definition, App. 3

    • Arbitrage, definition, App. 3

    • Arrangement on Guidelines for Officially Supported Export Credits

      • definition, App. 3

      • See Commitment, Officially supported export credits

    • Arrears

      • classification of, 2.31, App. 1 (Part 1), App. 7:1, App. 7:15

      • debt instruments, App. 7:4–App. 7:9

      • debt servicing, 15.24

      • definition, 2.31, 3.43, App. 7:3

      • external debt position, 15.24

      • interest costs, 2.31, 2.89

      • nondebt instruments, App. 7:10–App. 7:11

      • other transactions, App. 7:12–App. 7:14

      • presentation of data, 2.31, 4.4, 4.9–4.10, App. 7:16–App. 7:19

      • traded debt instruments, 2.44

      • types, App. 7:5

      • valuation, 2.46, 4.4

    • Asset-backed securities, App. 1 (Part 1)

    • Association of National Numbering Agencies, Box 13.2

    • Average interest rates

      • analytical use, 7.42

      • calculation, 6.18–6.20

      • definition, 6.18

      • presentation of data, 7.43

    • Average maturity, definition, App. 3

    • Average time to refixing, definition, App. 3

    B

    • Balance of payments

    • Balance of Payments and International Investment Position Manual, Sixth Ed. (BPM6) (IMF),

    • Balance of Payments Statistics Yearbook (IMF)

      • financial derivatives, 12.39

    • Balance sheets, App. 4:13–App. 4:17, Fig. A4.2–Fig. A4.3

    • Bank for International Settlements

      • consolidated banking statistics, App. 3

      • database of international debt securities, Box 13.2

      • function of, App. 3

      • international banking business, App. 3

      • International Banking Statistics, 10.9, 12.4, 12.31, 15.34, App. 8:24

      • locational banking statistics, App. 3, App. 8:24

      • semiannual derivatives data, 12.42–12.43

      • TFFS member agencies, 1.6

    • Banker’s acceptances

      • classification of, 3.23, App. 1 (Part 1)

      • definition, 6.11, App. 1 (Part 1)

    • Barter arrangements, 2.44

    • Basel Committee on Banking Supervision, 9.34

    • BDR. See Bearer depository receipt

    • Bearer depository receipt, App. 1 (Part 1)

    • Berne Union, function of, App. 3

    • Bilateral deadline, definition, App. 3

    • Bilateral debt, definition, App. 3

    • Bilateral rescheduling agreements, definition, App. 3

    • BIS. See Bank for International Settlements

    • Blended payments

      • definition, App. 3

      • See Graduated payments

    • Bonds

      • Brady bonds, Box 8.1, App. 1 (Part 1)

      • callable, App. 1 (Part 1)

      • catastrophe, App. 1 (Part 1)

      • commodity-linked, App. 1 (Part 1)

      • convertible, App. 1 (Part 1)

      • covered, App. 1 (Part 1)

      • currency-linked, App. 1 (Part 1)

      • deep-discount, App. 1 (Part 1)

      • deferred-coupon, App. 1 (Part 1)

      • dual-currency, App. 1 (Part 1)

      • with embedded call options, App. 1 (Part 1)

      • with embedded put options, 7.17–7.18, App. 1 (Part 1)

      • equity-linked, App. 1 (Part 1)

      • equity-warrant, App. 1 (Part 1)

      • fixed-rate, App. 1 (Part 1)

      • foreign, App. 1 (Part 1)

      • interest costs, 2.30

      • sovereign bond restructuring, Box 8.1

      • structured, App. 1 (Part 1)

      • variable-rate, App. 1 (Part 1)

      • zero-coupon, App. 1 (Part 1)

      • See Securities

    • BOPSY. See Balance of Payments Statistics Yearbook

    • Borrowing, terms of, 11.23–11.24

    • Borrowing for fiscal purposes

      • classification of, App. 1 (Part 2)

      • direct investment and, App. 8:8

    • Borrowing sectors, 15.6–15.7

    • BPM6. See Balance of Payments and International Investment Position Manual

    • Brady bonds

    • Brady Plan, Box 8.1, Box 8.2

    • Bullet repayment, definition, App. 3

    • Buybacks

      • debt reduction, 8.37, 8.39

      • debt reorganization, 8.8, 8.32, 8.34

      • definition, 8.34

      • See Debt buyback

    • Buyer’s credit, definition, App. 3

    C

    • Capital account, definition, App. 3

    • Capital goods, part-payments

      • trade credits and advances, 3.41

      • See Progress payments for high-value capital goods, App. 1 (Part 2)

    • Capital transfers, definition, App. 3

    • Capitalized interest, definition, App. 3

    • Cash recording, Box 2.1

    • CBDMS. See Computer-based debt-management system

    • CDOs. See Collateralized debt obligations

    • CD. See Certificate of deposit

    • CDIS. See Coordinated Direct Investment Survey

    • Census data, debt statistics compilation, 12.24

    • Center of predominant economic interest, definition, 2.17

    • Certificate of deposit, classification of, App. 1 (Part 1)

    • CIRRs. See Commercial Interest Reference Rates

    • Claim payments, definition, App. 3

    • Claims-waiting period, definition, App. 3

    • Cofinancing, definition, App. 3

    • Collateralized debt obligations

      • characteristics, 3.22

      • classification of, App. 1 (Part 1)

    • Collateralization of external debt, App. 1 (Part 2)

    • Collateralized loan approach, 3.37, 6.37, 13.33–13.34

    • Commercial banks

      • debt relief, Box 8.1, Box 8.2

      • institutional sector, 3.6

      • legal backing, 10.15

      • source of information, 10.18, 12.6, 12.32, App. 8:14–App. 8:15

    • Commercial contracts, penalties. See Penalties arising from commercial contracts

    • Commercial credit, definition, App. 3

    • Commercial Interest Reference Rates

      • concessional debt, 6.23

      • definition, 8.27, App. 3

      • HIPC, App. 5:11, App. 5:27

    • Commercial paper, classification of, App. 1 (Part 1)

    • Commercial risk, definition, App. 3

    • Commitment, definition, App. 3

    • Commitment, date of, definition, App. 3

    • Commitment charge, definition, App. 3

    • Commitment Fee. See Commitment charge

    • Commitment-linked repayment loans, classification of, App. 1 (Part 1)

    • Commodities, as debt repayment, 2.43–2.44, 2.95, 6.32

    • Commodity-linked bonds, classification of, App. 1 (Part 1)

    • Commodity-linked derivatives, classification of, App. 1 (Part 1)

    • Commonwealth Secretariat, technical assistance, 19.2–19.4

    • Commonwealth Secretariat. TFFS member agencies, 1.6

    • Comparable treatment, definition, App. 3

    • Complete market, definition, 9.33, App. 3

    • Completion point

      • definition, App. 3

      • HIPC, App. 5:4, App. 5:10, App. 5:12, App. 5:5

    • Compound interest, accrual of interest costs, 2.64, 2.76–2.77

    • Composition of the external debt, 15.6–15.24

    • Computer-based debt-management system

      • data sources, 11.8–11.9

      • information storage, 11.21, 11.32, 11.34

    • Computer systems, traded securities debt statistics compilation, 13.7

    • ComSec. See Commonwealth Secretariat

    • Concessional debt, 6.22–6.24

    • Concessional loans, definition, App. 3

    • Concessional restructuring, definition, App. 3

    • Concessionality level, definition, App. 3

    • Consensus. See Arrangement on Guidelines for Officially Supported Export Credits

    • Consignment trade, App. 1 (Part 2)

    • Consolidated amount, definition, App. 3

    • Consolidated banking statistics, definition, App. 3

    • Consolidated debt. See Consolidated amount

    • Consolidated reporting, definition, App. 3

    • Consolidation, App. 4:15

    • Consolidation, value of debt, App. 1 (Part 2)

    • Consolidation period, definition, App. 3

    • Contingent assets, definition, App. 3

    • Contingent liabilities

      • credit conversion factors, 9.34

      • definition, 9.5, App. 3

      • explicit, 4.8, 9.9–9.14

      • external debt and, 2.10, 9.6–9.7

      • guaranteed external debt position, 4.20

      • implicit, 9.15–9.17

      • maximum potential loss measurement method, 9.23–9.27, 9.29

      • measuring, 9.18–9.39

      • option-pricing measurement methods, 9.37–9.38

      • public sector guarantees, 9.41

      • ultimate risk, 9.42–9.46

      • valuation, 9.36

      • See also Guaranteed external debt position

    • Convertible bonds, classification of, App. 1 (Part 1)

    • Coordinated Direct Investment Survey, 12.45–12.46

    • Coordinated Portfolio Investment Survey, 13.39–13.41, 15.34

    • Corporations, App. 3

    • Coupon, definition, App. 3

    • Cover, definition, App. 3

    • Coverage of rescheduling agreements, definition, App. 3

    • Covered bonds, classification of, App. 1 (Part 1)

    • CP. See Commercial paper

    • CPIS. See Coordinated Portfolio Investment Survey

    • Credit availability guarantees, 9.13–9.14

    • Credit conversion factors, 9.34

    • Credit default swap, classification of, App. 1 (Part 1)

    • Credit, definition, App. 3

    • Credit derivatives, classification of, App. 1 (Part 1)

    • Credit guarantee, definition, App. 3

    • Credit guarantees, 9.12, App. 3

    • Credit insurance, definition, App. 3

    • Credit-linked external debt, projected payments, 6.36

    • Credit-linked note, classification of, App. 1 (Part 1)

    • Creditor approach, App. 3.

      • See Debtor and creditor approaches, App. 3

    • Creditor, definition, App. 3

    • Creditor economy, definition, App. 3

    • Creditor Reporting System (OECD), definition, App. 3

    • Creditor sectors

      • external debt by, 7.1, 7.44–7.47

      • information concerning, 15.42–15.44

      • multilateral organizations, 6.4

      • official creditors, 6.5

      • types of, 6.3

      • See also Cross-border trade-related credit

    • Cross-border activity, debt statistics compilation, 12.18

    • Cross-border positions, definition, App. 3

    • Cross-border trade-related credit, 7.59–7.60, Box 6.1

    • Currency

      • classification of, App. 1 (Part 1)

      • definition, 3.30, App. 1 (Part 1)

      • maturity, 2.60

      • See Currency composition, Currency of denomination

    • Currency and deposits

      • debt liabilities, 2.11

      • definition, 3.30

      • valuation, 2.38, 3.31

    • Currency board, 3.5

    • Currency composition

      • domestic, 2.58, 6.12

      • external debt, 7.21–7.22, 15.19

      • foreign currency as legal tender, 7.24, 7.28

      • foreign currency debt, 2.58. 6.13–6.14

      • presentation tables, 7.22–7.38

      • See domestic currency, domestic currency debt

      • See foreign currency, foreign currency debt

    • Currency-linked bonds, classification of, App. 1 (Part 1)

    • Currency of denomination,

      • definition, App. 3

      • external debt and, 6.13

    • Currency of reporting, definition, App. 3

    • Currency of settlement, definition App. 3

    • Currency of transaction, definition, App. 3

    • Currency pool loans, classification of, 6.28, App. 1 (Part 1)

    • Currency swaps, 7.31

    • Currency union

      • central bank, 2.24

      • economic territory, 2.16

    • Current account, definition, App. 3

    • Current liabilities, 2.4, 2.10

    • Current maturities, definition, App. 3

    • Current transfers, definition, App. 3

    • Custom-tailored repayment, definition, App. 3

    • Cutoff date

    D

    • DAC. See Development Assistance Committee

    • Data collection, 11.19–11.21

    • Data compilation, 10.1–10.3, 11.19–11.22, Fig 10.1 See also Statistics

    • Data Template on International Reserves and Foreign Currency Liquidity, 7.35, 15.28

    • Data Quality Assessment Framework for external debt statistics, App. 6

    • DDSR. See Debt- and debt-service-reduction operations

    • De minimis creditors, definition, App. 3

    • Debt- and debt-service-reduction operations, definition, App. 3

    • Debt assumption

      • definition, 8.41, App. 3

      • recommended treatment, 8.42–8.45

    • Debt burden indicator. See Debt indicators

    • Debt buyback

      • definition, 8.34, App. 3

      • recommended treatment, 8.35–8.40

      • See Buyback

    • Debt conversion

      • debt swaps, 8.7

      • definition, 8.33, App. 3

      • recommended treatment, 8.35–8.40

    • Debt-conversion bonds. See Brady bonds

    • Debt default, definition, App. 3

    • Debt exchanges, 8.8

    • Debt-for-charity swaps, definition, App. 3

    • Debt-for-commodity swaps, definition, App. 3

    • Debt-for-development swaps, definition, App. 3

    • Debt-for-equity swaps

      • debt conversion, 8.32, 8.33

      • definition, App. 3

    • Debt-for-nature swaps, definition, App. 3

    • Debt forgiveness

      • change in the contractual rate of interest, 8.12

      • definition, 8.11, App. 3

      • recommended treatment, 8.13–8.16

    • Debt indicators

      • debt service-to-exports ratio, 14.18

      • debt service-to-revenue ratio, 14.18

      • debt sustainability assessment, 14.10–14.11, 14.20

      • debt-to-exports ratio, 14.17

      • debt-to-fiscal revenue ratio, 14.17

      • debt-to-GDP ratio, 14.17

      • flow-based, 14.18

      • measures of capacity to repay, 14.15–14.16

      • measures of indebtness, 14.12–14.14

      • remittances, inclusion of, 14.19

      • stock-based, 14.17

    • Debt instruments

      • classification of, 15.14–15.16

      • data collection, 11.15

      • debt liabilities, 2.11

      • definition, App. 3

      • dividends once the shares go ex-dividend, 2.27

      • indexed to foreign currency, 2.94

      • long-term, 2.6

      • nonnegotiable, 2.38–2.47

      • nonparticiping preferred shares, 3.18

      • short-term, 2.6

      • traded, 2.48–2.51

      • valuation, 2.33, 2.38

      • variable- and fixed interest rate, 6.15

      • with grace periods of interests, 2.97–2.99

    • Debt liabilities, 2.4, 2.11

    • Debt-monitoring systems

      • rationale, Box 7.1

      • straightline interest, 2.75

    • Debt office

      • active management of debt portfolio, 11.39

      • analytical function, 11.37

      • balance sheets, 11.10

      • collection and compilation of data, 11.19–11.31

      • computer-based debt management system, 11.8–11.9, 11.21, 11.32, 11.34

      • controlling and coordinating functions, 11.38

      • data validation, 11.33–11.34

      • executive debt management, 11.35–11.36

      • functions of, 11.4–11.6, 11.35–11.41

      • information storage, 11.32

      • main data sources, 11.7–11.18

      • monitoring function, 11.38

      • operations function, 11.37

      • organizational structure, 11.40–11.41, Fig. 11.1

      • recording function, 11.37

      • surveys and questionnaires, 11.15–11.16

    • Debt prepayments

      • definition, 8.32

      • recommended treatment, 8.34–8.40, App. 3

      • See Buybacks

    • Debt reduction

      • definition, 8.6

      • presentation of data, 8.46–8.52

      • See Debt forgiveness, Debt refinancing, Debt rescheduling, Debt conversion, Debt prepayments

    • Debt reduction in present value terms, 8.6, 8.27

    • Debt-reduction option

      • debt reorganization and, 8.28

      • definition, App. 3

    • Debt refinancing

      • change in the contract, 8.17

      • definition, 8.18, App. 3

      • recommended treatment, 8.22–8.26, 8.30–8.31

    • Debt relief, definition, 8.5, App. 3

    • Debt relief analysis. See HIPC debt relief analysis

    • Debt reorganization

      • borrowing for balance of payments support, 8.53

      • buybacks, 8.32, 8.34, 8.37, 8.39

      • commercial bank debt relief, Box 8.2

      • cutoff date, Box 8.2, App. 3

      • debt swaps, 8.7, App. 3

      • definition, 8.3, App. 3

      • external debt position, 8.13–8.15, 8.22–8.24, 8.35, 8.42–8.45

      • flow data, 8.16, 8.25, 8.36, 8.45

      • function of, 8.1

      • new money facilities, 8.54

      • packages, 8.9

      • statistical treatment of, 8.10

      • types of, 8.8

      • See Debt assumption, Debt conversion, Debt forgiveness, Debt prepayments, Debt reduction, Debt refinancing, Debt relief, Debt rescheduling

    • Debt rescheduling

      • debt service falling due between Paris Club agreed minute date and specified

      • debt service moratorium extended by creditors, 8.20 definition, 8.17, App. 3

      • flow/stock rescheduling, 8.19

      • implementation date, 8.21

      • recommended treatment, 8.22–8.31

    • Debt restructuring

      • data collection, 11.30

      • definition, 8.3, App. 3

      • sovereign debt, Box 8.1

    • Debt securities

      • asset-backed, classification of, App. 1 (Part 1)

      • classification of, 3.22–3.23, App. 1 (Part 1)

      • Coordinated Portfolio Investment Survey, 13.39–13.41

      • data collection, 13.13–13.29, 13.39–13.41

      • data model for calculating debt statistics, 12.59–12.64

      • debt statistics compilation, 13.1–13.12

      • debtor and creditor approach, App. 3

      • definition, 3.21

      • direct investment, 3.17

      • with embedded options, payment schedules for, 7.17–7.19

      • index-linked, classification of, App. 1 (Part 1)

      • interest costs, 2.81

      • issues of securities by residents in foreign markets, 13.30–13.32

      • location of issuance, 6.21, 7.56–7.58

      • main features, Box 13.1

      • market valuation, 2.48–2.51

      • mismeasurement, 13.35–13.37

      • mismeasuring, 13.35–13.37

      • mortgage-backed, classification of, App. 1 (Part 1)

      • negotiable instrument, 3.24, 3.35

      • nonresident investment in domestically issued securities, 13.13–13.29

      • periodic position surveys, 13.38

      • portfolio investment, 3.21

      • reconciliation of nominal and market value, 7.54–7.55

      • reserve assets, 3.46

      • by residents in foreign markets, 13.30–13.32

      • reverse securities transactions, 13.33–13.34

      • securities involved in reverse security transactions, 13.33–13.34

      • security-by-security databases, Box 13.2

      • security databases, Box 13.2

      • stripped, classification of, App. 1 (Part 1)

    • Debt service, definition, App. 3

    • Debt-service ratio, definition, App. 3

    • Debt-service-reduction option

      • for debt reorganization, 8.28

      • definition, App. 3

    • Debt-service payment schedules

      • definition, 6.25–6.26

      • presentation tables, 7.10–7.20

      • SDDS/GDDS, Box 4.1, 7.2

    • Debt-service-to-exports ratio

    • Debt servicing, 15.23–15.24

    • Debt statistics. See Statistics

    • Debt sustainability analysis

      • basic steps, 14.21

      • creation of debt, 14.1–14.2

      • debt burden indicators, 14.17

      • debt indicators, 14.10–14.11

      • debt-service indicators,14.14

      • debt-service-to-exports ratio, 14.18

      • debt-stock indicators, 14.13

      • debt-to-exports ratio, 14.17

      • debt-to-fiscal revenue ratio, 14.17

      • debt-to-GDP ratio, 14.17

      • definition, App. 3

      • framework for low-income countries, 14.31–14.34

      • framework for market access countries, 14.28–14.30

      • identified net debt creating flows, 14.24, Figure 14.1

      • liquidity, 14.9

      • objective, 14.3

      • solvency, 14.8

    • Debt-sustainability framework, App. 3

    • Debt swaps

    • Debt-to-exports ratio

      • definition, 14.17

    • Debt-to-fiscal revenue ratio, definition, 14.17

    • Debt-to-GDP ratio, 14.17

    • Debt-with-equity warrants. See Equity warrant bond

    • Debt workout, definition, App. 3

    • Debt write-offs, 8.4, 8.58, App. 3

    • Debtor and creditor approaches, App. 3

    • Debtor approach, App. 3

      • See Debtor and creditor approaches, App. 3

    • Debtor economy, definition, App. 3

    • Debtor Reporting System (World Bank)

      • definition, App. 3

      • function of, 8.2

    • Decision point, definition, App. 3

    • Deep-discount bond, classification of, App. 1 (Part 1)

    • Defeasance, App. 1 (Part 2)

    • Deferred-coupon bonds, classification of, App. 1 (Part 1)

    • Deferred drawdown options, classification of, App. 1 (Part 1)

    • Deferred payments, definition, App. 3

    • Defined-benefit pensions scheme, debt liabilities, 2.45

    • Delivery-versus-payment, definition, App. 3

    • DeMPA. See Government Debt Management Performance Assessment

    • Depository receipts

      • classification of, App. 1 (Part 1)

      • See American depository receipt (ADR), Bearer depository receipts (BDR)

    • Deposits

      • classification of, 3.30, App. 1 (Part 1)

      • interest costs, 2.79–2.80

      • jointly held by residents and nonresidents, App. 1 (Part 2)

      • mutual associations, App. 1 (Part 1)

      • overnight, App. 1 (Part 2)

      • projected interest payments, 6.30–6.31

      • valuation, 3.31

    • Deposits in mutual associations, App. 1 (Part 1)

    • Deposit-taking corporations sector

      • datasource, 12.4, 12.40

      • debt guarantees, 12.12–12.14

      • debt statistics compilation, 12.1–12.3

      • external debt, 15.10

      • offshore banks, 12.11

      • reporting of debt, 12.5–12.7

    • Derivatives. See Financial derivatives

    • Development Assistance Committee

      • definition, App. 3

      • function of, 8.2

    • Direct investment: Intercompany lending

      • Borrowing for fiscal purposes, App. 2 (Part 2), App. 8: 8

      • CDIS and, 12.45–12.46

      • debt service schedule and, 7.11

      • definition, App. 1 (Part 2)

      • gross external debt position, 3.12, 3.17, 4.4, Box 4.1

      • IIP, 12.44

      • instrument classification, 3.14–3.16, 12.44

      • liabilities, 3.12

      • presentation of data, 4.3, 5.7

      • private sector, App. 8:8

      • remaining maturity and, 7.5

    • Direct investment enterprise, definition, App. 3

    • Direct investor, definition, App. 3

    • Direct reporting companies, 12.32

    • Disbursed loans, definition, App. 3

    • Disbursements, definition, App. 3

    • Disbursement-linked repayment loans, classification of, App. 1 (Part 1)

    • Discount bonds, See Deep-discount bonds, Brady bonds

    • Discounted instruments, interest cost accrual, 2.82–2.84

    • Discounted principal, interest cost accrual, 2.72–2.73

    • Dividends on shares go ex-dividend

      • external debt, 2.27

      • valuation, 2.39

    • Domestic currency

      • definition, 6.12, App. 3

      • See also Currency composition

      • See also Domestic currency debt

    • Domestic currency debt

      • definition, 6.13

      • external debt, 7.23, 7.25

    • Domestic-currency-linked debt, 6.13

    • Domestic currency unit, 2.58

    • Domestically issued securities

      • classification of, 6.21

      • nonresident investment, 13.13–13.29

    • DPL DOD. See Deferred drawdown options

    • DQAF. See Data Quality Assessment Framework

    • DRA. See HIPC Debt relief analysis

    • DRCs. See Direct reporting companies

    • DRS. See Debtor Reporting System

    • DSA. See Debt sustainability analysis

    • DSF. See Debt-Sustainability Framework

    • Dual-currency bonds, classification of, App. 1 (Part 1)

    • Due-for-payment recording, Box 2.1

    • Duration, definition, App. 3

    • DVP. See Delivery-versus-payment

    E

    • Early repayment provisions, projected payments, 6.35

    • ECB. See European Central Bank

    • ECF. See Extended Credit Facility

    • Economic territory

      • definition, 2.16

      • institutional unit, 2.17–2.24

    • EFF. See Extended fund facility

    • Eligible debt, definition, App. 3

    • Eligible debt service, definition, App. 3

    • Embedded derivatives, instruments with, 2.100

      • classification of, App. 1 (Part 1)

    • Employee Stock Options

      • classification of, App. 1 (Part 1)

      • external debt and, 1.2, 2.11

    • Enhanced concessions, definition, App. 3. See Concessional restructuring and Enhanced Toronto terms

    • Enhanced Structural Adjustment Facility, definition, App. 3. See also Structural Adjustment Facility

    • Enhanced Toronto terms, definition, App. 3. See Concessional restructuring and Enhanced concessions

    • Enterprise surveys

      • census data, 12.24

      • confirming data reliability, 12.31

      • cross-border activity, 12.18

      • data sources, 12.17

      • design,12.2

      • encouraging participation, 12.30

      • exploratory survey, 12.23

      • form testing, 12.29

      • group level approach, 12.26

      • partial coverage collections, 12.24

      • random samples, 12.24

      • register of enterprise, 12.18–12.22

      • stratified random samples, 12.24

      • survey development, 12.27–12.29

    • Equity

      • classification of, App. 1 (Part 1)

      • definition, 3.25

      • dividends on shares go ex-dividend, 2.27

      • liabilities and direct investment, 3.12

      • liabilities and external debt, 1.2

      • memorandum tables, 4.8, 4.16–4.17, 5.9

      • nondebt instruments, 2.52–2.56

      • shares, 2.11, 2.52, 2.55, 4.16, 7.5

      • valuation, 2.52, 2.55–2.56

    • Equity-linked bonds, classification of, App. 1 (Part 1)

    • Equity-linked derivatives, classification of, App. 1 (Part 1)

    • Equity shares, 2.11, 2.52, 2.55, 4.16, 7.51

    • Equity-warrant bonds, classification of, App. 1 (Part 1). See Debt-with-equity warrants

    • ESA95. See European System of Accounts: ESA 1995

    • ESAF. See Enhanced Structural Adjustment

    • Facility ESAF-HIPC Trust, definition, App. 3

    • ESCB. See European System of Central Banks

    • ESOs. See Employee Stock Options

    • Escrow accounts, definition, App. 3

    • EU. See European Union

    • Eurobonds, restructuring, Box 8.1

    • European Central Bank, TFFS member agencies, 1.6

    • European System of Central Banks, security-by-security databases, Box 13.2

    • European Union, grants, App. 5:14

    • Eurostat, TFFS member agencies, 1.6

    • Exceptional financing, definition, App. 3

    • Exchange rate conversion, 2.59, 8.50

    • Exchange rates, data collection, 11.29

    • Exchange traded funds, classification of, App. 1 (Part 1)

    • Executive debt management, 11.35–11.36

    • Explicit contingent liabilities

      • credit availability guarantees, 9.13–9.14. See also credit facilities

      • credit facilities, 9.13–9.14. See credit availability guarantees

      • credit guarantees, 9.12

      • definition, 9.9–9.10

      • loan guarantees, 9.11, 9.33

      • payment guarantees, 9.11

    • Export credit, definition, App. 3

    • Export credit agency

    • Exports

      • debt-service-to-exports ratio, 14.18

      • debt-to-exports ratio, 14.17

      • present value of debt-to-exports ratio, App. 3

    • Extended Credit Facility, definition, App. 3

    • Extended Fund Facility, definition, App. 3

    • External debt

      • accounting principles, 2.12–2.61, 6.1–6.38

      • analysis of, 15.1–15.44

      • compatibility of data, 2.2

      • composition of, 15.1–15.24

      • creditor information, 15.42–15.44

      • by creditor sectors, 7.44–7.47

      • current liabilities, 2.10

      • definition, 2.1, 2.3, App. 3

      • financial derivatives, 15.35–15.39

      • foreign currency composition, 1.4, 15.20

      • gross external debt, 2.3, 4.1–4.20

      • interest rate composition, 7.39–7.41

      • loan drawings, 2.26

      • net external debt, 1.4, 7.1, 7.48–7.51

      • outstanding liabilities, 2.4

      • principal, 2.5–2.8

      • public sector, 5.1–5.12

      • reconciliation of positions and flows, 7.52–7.53

      • relationship with financial instruments in the 2008SNA, 2.11

      • repurchase agreements, 15.40–15.41

      • residence determination, 2.9

      • role of assets, 15.27–15.34

      • role of income, 15.25–15.26

      • by short-term remaining maturity, 7.5–7.9

      • value of debt after consolidation is greater, App. 1 (Part 2)

      • See also Gross external debt

    F

    • Face value, definition, 2.35, App. 3

    • Fair value, definition, 2.37, App. 3

    • FCL. See Flexible credit line

    • Fees on security lending and gold loans, definition, App. 1 (Part II)

    • Fellow enterprises, App. 3

    • Financial account

      • balance sheets, App. 4:6–App. 4:17, Fig. A4.2-Fig. A4.3

      • definition, App. 3

      • features of, App. 4:8–App. 4:12

    • Financial assets, definition, App. 3

    • Financial claim, definition, App. 3

    • Financial derivatives contracts

      • foreign currency and, 6.29

      • paying or receiving foreign currency, 6.29, 7.29, 7.33

    • Financial derivatives

      • arrears and, 3.43

      • commodity-linked, classification of, App. 1 (Part 1)

      • credit, classification of, App. 1 (Part 1)

      • currency composition, 15,20, 15.36

      • data collection from transactions, 11.31

      • debt statistics compilation, 12.39–12.43

      • definition, 2.11, 3.26, App. 3

      • external debt analysis, 15.36–15.38

      • external debt and, 1.2, 2.52, 15.35–15.39

      • forward (forward-type contract), 3.27

      • guarantees that meet the definition of, Box. 9.1

      • interest rate and, 7.40, 7.41, 15.21, 15.36

      • market value, 2.53

      • memorandum table, 4.8, 4.14–4.15

      • net external debt and, 7.49

      • notional amount, 2.53, 7.29, 7.33

      • option (option contract), 3.27

      • reserve related liabilities and, 3.47

      • types, 3.27

      • valuation, 2.53

    • Financial instruments

      • classification of, 3.1, 3.3

      • direct investment, 3.14–3.20

      • financial derivatives, 3.26–3.27

      • negotiable, 2.83, 2.99, 3.24

      • other investment, 3.28–3.42

      • traded, 2.48–2.51

      • portfolio investment, 3.21–3.25

      • reserve assets, 3.46

    • Financial intermediaries, App. 3

    • Financial intermediation service charges indirectly measured

      • definition, App. 1 (Part 2)

      • See FISIM

    • Financial leases

      • definition, 3.39, App. 1 (Part 1)

      • classification, App. 1 (Part 1)

      • projected payments, 6.38

      • residual value, definition, App. 1 (Part 2)

    • FISIM, See Financial intermediation service charges indirectly measured

    • Fiscal revenue, debt-to-fiscal revenue ratio, 14.17

    • Fixed-rate bond, classification of, App. 1 (Part 1)

    • Fixed-rate external debt instruments, 6.15–6.17

    • Fixed-rate instruments

      • interest cost accrual, 2.78–2.88

      • nominal value, 2.34

    • Flag-of-convenience countries, definition, App. 3

    • Flexible credit line, App. 3

    • Flows, 2.13–2.14

    • Flow rescheduling, definition, 8.19, App. 3

    • Foreign bonds, classification of, App. 1 (Part 1)

    • Foreign currency

      • definition, 6.12, App. 3

      • as legal tender, 7.24, 7.28

      • See Currency composition

      • See Foreign currency debt

    • Foreign currency debt

      • definition, 6.13

      • financial derivatives contract and, 6.29, 7.29–7.33

      • forex swaps, 7.31

      • gross external debt, 7.26–7.33, 15.19–15.20

      • projected payments, 6.27–6.28, 7.34–7.37

      • reserve related liabilities, 3.47

      • revaluing end-period positions, 12.56–12.58

      • type of currency, 6.14, 7.26–7.27

      • See Foreign currency

      • See Currency composition

    • Foreign-currency-denominated instruments, interest cost accrual, 2.94, 2.101

    • Foreign-currency-linked debt, 6.13, 7.23, 7.38, 12.52–12.58

    • Foreign-currency-linked derivatives, classification of, App. 1 (Part 1)

    • Foreign issued securities by residents

      • definition, 6.21

      • location of securities issuance, 6.21

      • measuring, 13.30–13.32

    • Forfaiting, definition, App. 3

    • Forward-type derivatives. See Forwards

    • Forwards

      • classification of, App. 1 (Part 1)

      • definition, 3.27

      • presentation table, 7.32

      • valuation, 2.53

      • See Financial derivatives, Forward-type derivatives

    • Front-loaded interest reduction bonds. See Brady bonds

    • Fund credit. See Use of IMF credit and loans

    • Fungible bonds, interest cost accrual, 2.84. See also Linear bonds

    • Futures, classification of, App. 1 (Part 1), 3.27. Seealso Forwards

    G

    • GDDS. See General Data Dissemination System

    • GDF. See Global Development Finance

    • GDP. See Gross domestic product

    • GDRCs. See General direct reporting companies

    • General Data Dissemination System, Box 4.1

    • General direct reporting companies, 12.32

    • General government sector,

      • debt statistics, 11.1–11.41

      • definition, 3.7

      • NPISH controlled by, 3.11

      • Public-Private Partnerships and, App. 1, Part 2

    • Geographical Distribution of Financial Flows to AidRecipients (OECD), App. 3

    • Global Development Finance. See Debt Reporting System

    • Global note facilities, 9.14

    • GNFs. See Global note facilities

    • Gold accounts, classification of, App. 1 (Part 1)

    • Gold loans, classification of, App. 1 (Part 1)

    • Gold swaps, 3.37, App. 1 (Part 1)

    • Goods

      • arrears and, 3.43

      • as assets, 2.4

      • as debt repayment, 2.7, 2.43–2.44, 2.95, 6.32

      • prepayments, App. 1 (Part 2)

      • processing, App. 1 (Part 2)

      • provision of, 3.7, 3.10

    • Goodwill clause, definition, App. 3

    • Government Debt Management Performance Assessment, App. 3

    • Government debt office. See Debt office

    • Grace periods

      • concessional debt, 6.22

      • debt instruments, 2.97–2.99

      • debt rescheduling and, 8.17

      • definition, App. 3, Box 2.4, Box 2.5

    • Graduated payments, definition, App. 3

    • Grant element, definition, App. 3

    • Grant-like flows, definition, App. 3

    • Gross domestic product

      • debt-to-GDP ratio, 14.17

      • definition, App. 3

    • Gross external debt

      • conceptual approach, 1.2–1.4, 1.7, 1.10

      • definition, 2.3

      • foreign currency, 7.26–7.33

      • instrument classification, 3.13–3.46

      • measuring, Box 2.1

      • presentation table, 4.3–4.7

      • residence and, 2.15

      • reverse security transactions, 4.18–4.19

      • unit of account and exchange rate conversion, 2.57–2.59

      • See also External debt

    • Gross National Income (GNI), App. 3

    • Guaranteed export credit, definition, App. 3

    • Guaranteed external debt,

      • debt assumption, 8.41–8.45

      • definition, App. 1 (Part 2)

      • memorandum tables, 4.8, 4.20

      • publicly guaranteed, 5.1–5.12

      • See also Contingent liabilities

    • Guaranteed payments, 2.32

    H

    • Heavily indebted poor countries

      • debt reorganization, Box 8.2

      • definition, App. 3

      • See also HIPC Initiative

    • Helsinki Package, definition, App. 3

    • High-frequency debt-monitoring systems, Box 7.1

    • High-income countries, definition, App. 3

    • HIPCs. See Heavily indebted poor countries

    • HIPC Debt relief analysis, App. 5:18–App. 5:28

    • HIPC DRA. See HIPC Debt relief analysis.

    • HIPC Initiative

      • definition, App. 3

      • description of, 1.10, App. 5:2–App. 5:3

      • eligibility criteria, App. 5:4–App. 5:16

      • origin of, App. 5:2–App. 5:3

      • Paris Club and, Box 8.2

      • structure of, App. 5:4–App. 5:10

      • See also Heavily indebted poor countries

    • HIPC Trust Fund, definition, App. 3

    • Home economy, definition, App. 3

    • Host economy, definition, App. 3

    • Household sector, debt statistics compilation, 12.47–12.48

    • Households and nonprofit institutions serving households sector, 3.11

    • Houston terms. See Lower-middle-income-country terms

    I

    • IBRD. See International Bank for Reconstruction and Development

    • IBS. See International Banking Statistics

    • IDA. See International Development Association

    • IFMS. See Integrated Financial Management System

    • IFS. See International Financial Statistics

    • IIP. See International investment position

    • IMF. See International Monetary Fund

    • IMF adjustment program, definition, App. 3

    • IMF arrangement, definition, App. 3

    • Implicit contingent liabilities, 9.15–9.17

    • Importers, trade-related credit, 3.24, 6.10–6.11, Box 6.1, 12.37

    • Index-linked instruments

      • interest cost accrual, 2.92–2.96

      • projected payments, 6.32

      • See also Index-linked securities

    • Index-linked securities, classification of, App. 1 (Part 1)

    • Initial margins, App. 2:10

    • Institutional sectors

      • central bank, 3.5

      • definition, App. 3

      • deposit-taking corporations, except the central bank, 3.6

      • direct investment: intercompany lending, 3.12

      • financial accounts, App. 4:8

      • general government, 3.7

      • households and nonprofit institutions serving households, 3.11

      • nonfinancial corporations, 3.10

      • other financial corporations, 3.9

      • other sectors category, 3.8–3.11

      • See also Institutional units

    • Institutional units

      • classification of, 3.1–3.2

      • definition, App. 3

      • residency of, 2.15–2.18

    • Insurance, pension funds, and standardized guarantee schemes

      • classification of, App. 1 (Part 1)

      • debt liabilities, 2.45

    • Insured export credit, definition, App. 3

    • Integrated Financial Management System, 11.28

    • Integration of flows and stocks, 2.25

    • Inter-Agency Task Force on Finance Statistics, 1.6

    • Interbank positions, definition, App. 3

    • Interest

      • arrears, 2.89

      • capitalization, 2.30, 2.82

      • definition, 2.5, App. 3

      • late, 2.89

      • late charges, App. 3

      • predetermined, 2.91

      • schedule of payments, 2.8

      • See also Interest cost

    • Interest costs

      • accruing in external debt, 2.28, 2.62–2.64

      • arrears, 2.31, 2.89

      • charges relating to past arrears, 2.89

      • compound interest, 2.76–2.77

      • definition, 2.5, App. 3

      • deposits, 2.79–2.80

      • discounted principal and, 2.72–2.74, 2.82–2.83

      • fixed-rate instruments, 2.78–2.89

      • foreign currency instruments, 2.101

      • fungible bonds, 2.84

      • grace periods, 2.97–2.99, Box 2.4

      • index-linked instruments, 2.92–2.96

      • instruments issued at a discount, 2.30, 2.82–2.84

      • instruments issued at premium, 2.30

      • instruments with embedded derivatives, 2.100

      • instruments with grace periods, 2.97–2.99

      • interest-rate-linked instruments, 2.90–2.91

      • loans, 2.78

      • long-term debt instruments, 2.6

      • nominal value, 2.34, 2.38

      • not yet payable, 2.29–2.30, 2.62–2.64

      • present value and, 2.65–2.74

      • recording on debt securities, Box.2.4

      • recording on loans, Box 2.4

      • securities, 2.73

      • short-term debt instruments, 2.6

      • straightline basis, 2.75, 2.77

      • stripped securities, 2.85–2.88

      • variable-rate instruments, 2.90–2.96

      • zero-coupon instruments and, 2.74

    • Interest payments

      • definition, 2.5, App. 3

      • external debt and, 2.28

      • projected payments on deposits, 6.30–6.31

      • schedule of payments, 2.8

    • Interest-rate-linked derivatives

      • classification of, App. 1 (Part 1)

      • external debt and, 7.40–7.41

    • Interest-rate-linked instruments, interest cost accrual, 2.90–2.91

    • Interest rates

      • average interest rates, 2.83, 6.18–6.20, 7.42–7.43

      • composition of external debt, 7.39–7.41

      • data collection, 11.29

      • fixed rate, 2.34, 6.15–6.16

      • instruments with embedded derivatives and, 2.100

      • interest rate level, 6.19

      • market rate, 2.36, 2.49, 2.71, Box. 2.3

      • market value and, App. 3

      • moratorium interest, 2.78, App. 3

      • nominal value and, App. 3

      • predetermined, 2.91

      • present value and, App. 3

      • risk-neutral rates, 8.18

      • variable rate, 2.34, 2.91, 6.15–6.17

      • weighted average interest rates, 2.84, 2.88, 6.18, 6.20, 7.43

    • International Bank for Reconstruction and Development, function of, App. 3

    • International banking business, definition, App. 3

    • International Banking Statistics (BIS), 12.31, 15.34, App. 8:24

    • International Development Association

      • definition, App. 3

      • funds of, 11.40

    • International Financial Statistics (IMF), data dissemination, 12.7

    • International interbank market, definition, App. 3

    • International investment position

      • consistency with external debt, 1.2, 4.6, 13.6, App. 4:1–App. 4:2

      • definition, 15.27, App. 3

      • institutional sector, App. 4:22, App. 4:Table A4.6

      • instrument classification, App. 4:21, App. 4:Table A4.5

      • net external debt position, 7.50–7.51

      • other changes, 8.36

      • relationship with external debt statistics, App. 4:2–App. 4:4

      • relationship with national accounts, App. 4:5–App. 4:22

      • valuation, App. 4:3

    • International Monetary Fund

      • function of, App. 3

      • TFFS member agencies, 1.6

    • International reserve assets, 3.45, 15.28

    • International securities database, 13.30, Box 13.2

    • International Securities Statistics (BIS). See International securities database

    • International security identification number, 6.21, Box 13.2, App. 3

    • Investment fund shares or units, classification of, App. 1 (Part 1)

    • ISIN. See International security identification number

    • Islamic banking, App. 1 (Part 2)

    • Issue price, definition, App. 3

    J

    • JEDH. See Joint External Debt Hub

    • Joint External Debt Hub, App. 3

    • Joint venture, definition, App. 3

    L

    • Land ownership, classification of, App. 1 (Part 1)

    • Late interest, 2.89

    • Late interest charges, definition, App. 3

    • Lending to the Fund, App. 1 (Part 2)

    • Letters of credit

      • classification of, App. 1 (Part 1)

      • definition, 9.12

    • Leverage, definition, App. 3

    • Liability(ies)

      • current, 2.1

      • definition, App. 3

      • external debt, 1.2, 2.3

      • gross, 2.1

      • offshore banks, 2.19

      • See also Contingent liabilities

      • See also Debt liabilities

      • See also Equity

    • Liberalization, statistics collection techniques at different stages of, 10.16–10.22

    • LIBOR. See London interbank offered rate

    • LIBOR-based loan, App. 1 (Part 1)

    • Life insurance and annuity entitlements, App. 1 (Part 1)

    • Life insurance, debt liabilities, 2.8, 2.45, App. 1 (Part 1)

    • Line of credit, definition, 9.9, App. 3

    • Linear bonds, interest cost accrual, 2.84

    • Liquidity risk

      • currency composition and, 7.21

      • debt-service payment schedule and, 6.25, 7.10

      • definition, 14.9

      • interest composition and, 7.39

      • presentation tables and, 7.1

      • remaining maturity and, 4.11, 6.6

    • Loan agreement, definition, App. 3

    • Loan commitments, definition, 9.12

    • Loan guarantees, 9.11, 9.33, Box 9.2, App. 3

    • Loans

      • classification of, App. 1 (Part 1)

      • commitment-linked repayment, classification of, App. 1 (Part 1)

      • currency pool loans, classification of, App. 1 (Part 1), 6.28

      • definition, 3.28, App. 1 (Part 1)

      • disbursement-linked repayment, classification App. 1 (Part 1)

      • interest costs, 2.78

    • Loans not fully disbursed, projected payments, 6.33

    • Location of securities issuance, 6.21

    • Locational banking statistics (BIS), App. 3

    • London Club, Box 8.1, Box 8.2, 15.43, App. 3

    • London interbank offered rate, definition, App. 3

    • London terms. See Concessional restructuring

    • Long-maturities option, definition, App. 3

    • Long-term debt

      • original maturity, 2.60

      • remaining maturity, 2.61

    • Long-term external debt, 6.6–6.8, 7.6, App. 3

    • Low-income countries, definition, App. 3

    • Lower-middle-income-country terms, definition, App. 3

    • Lyon terms. See Concessional restructuring

    M

    • Margins, classification of, App. 1 (Part 1)

    • Margin payments, App. 2:10

    • Market rate

      • arrears, 2.89

      • discounted future payments, 8.23

      • market value, 2.36, 2.49, 2.71

      • See also Interest rate

    • Market value

      • accrual interest cost accrual, 2.64

      • arrears, 2.44

      • debt securities, 2.33, 2.36, 2.48–2.49, 7.54–7.55

      • definition, 2.36, Box. 2.2, App. 3

      • estimation of, 2.33, Box 2.3

      • nondebt instruments, 2.52–2.53

    • Maturity

      • definition (defined and undefined), 2.60, App. 3

      • long-term/short-term, 2.60–2.61

      • “open,” 6.37, App. 2:5

      • remaining maturity measuring, 6.6–6.8

      • short-term remaining maturity, 6.7, 7.5–7.7

    • Maturity date (final), definition, App. 3

    • Maturity structure, definition, App. 3

    • MDRI. See Multilateral Debt Relief Initiative

    • Medium-term notes, classification of, App. 1 (Part 1)

    • Memorandum tables, 4.8–4.20

    • Merchanting of goods, App. 1 (Part 2)

    • Military debt, classification of, App. 1 (Part 1)

    • Millennium Development Goals, App. 3

    • Mixed credits, definition, App. 3

    • MOFs. See Multiple options facilities

    • Monetary authorities sector, 3.46–3.47, 15.28

    • Monetary gold, App. 1 (Part 2)

    • Monitoring systems. See Debt-monitoring systems

    • Moratorium interest, 2.78, App. 3

    • Mortgage-backed securities, classification of, App. 1 (Part 1)

    • MTNs. See Medium-term notes Multi-currency loans, pooled and non pooled, App. 1 (Part 1)

    • Multilateral creditors, definition, App. 3

    • Multilateral Debt Relief Initiative, App. 3, App. 5:29–App. 5:30

    • Multilateral organizations, 6.4

    • Multilateral tranche loan, App. 3

    • Multiple options facilities, 9.14

    • Multiterritory enterprise, App. 1 (Part 2)

    • Multiyear rescheduling agreement, definition, App. 3

    • Mutual fund shares, classification of, App. 1 (Part 1)

    • MYRA. See Multiyear rescheduling agreement

    N

    • Naples terms, definition, App. 3. See Concessional restructuring

    • National accounts, relationship with IIP, App. 4:5–App. 4:22

    • National numbering agencies, Box 13.2, App. 3

    • Nationality, definition, App. 3

    • NDFs. See Nondeliverable forward contracts

    • Net external debt position, 1.4, 7.1, 7.48–7.51, 15.29

    • Net flow, definition, App. 3

    • Net present value of debt, definition, App. 3

    • Net resource transfer, definition, App. 3

    • NIFs. See Note issuance facilities

    • NNAs. See National numbering agencies

    • Nominal amount, 2.53, 12.41, App. 3. See also Notional amount

    • Nominal value

      • arrears, 2.46

      • calculation, 2.34

      • debt instruments, 2.33

      • definition, 2.34, Box 2.2, App. 3

      • face value and, 2.35

      • interest cost accrual, 2.64

      • nonnegotiable debt instruments, 2.38–2.43, 2.46–2.47

      • traded debt instruments, 2.48, 7.53

    • Nominal amount of a financial derivatives contract. See Notional amount

    • Nonconsolidated debt, definition, App. 3

    • Nondebt instruments, 2.52–2.56

    • Nondeliverable forward contracts, classification of, App. 1 (Part 1)

    • Nonfinancial corporations sector, 3.2, 3.8, 3.10, 4.3, 15.12

    • Nonlife insurance technical reserves, classification of, App. 1 (Part 1)

    • Nonnegotiable debt

      • classification of, App. 1 (Part 1)

      • estimating trade credit position, 12.37

      • valuation of, 2.38–2.47

    • Nonparticipating preferred shares, classification of, App. 1 (Part 1)

    • Nonprofit institutions serving households

      • definition, 3.11

      • other sectors and, 3.8, 4.3

    • Nonresident agencies, 2.22

    • Nonresident deposits, App. 1 (Part 2)

    • Nonresidents

      • determination of, 2.15–2.24

      • investment in domestically issued debt securities, 13.13–13.29

      • location of debt securities issuance, 7.56–7.58

      • projected payments in foreign currencies, 7.34–7.38

    • Nonperforming loans, definition, App. 3

    • Nostro accounts, classification of, App. 1 (Part 1)

    • Note issuance facilities

      • classification of, App. 1 (Part 1)

      • credit availability guarantees, 9.13

      • definition, 9.13

    • Notes

      • credit-linked, App. 1 (Part 1)

      • medium-term, App. 1 (Part 1)

      • perpetual floating-rate, App. 1 (Part 1)

      • promissory, App. 1 (Part 1)

      • structured floating-rate, App. 1 (Part 1)

      • variable-rate, App. 1 (Part 1)

    • Notional amount, 2.53, 7.31–7.33, 7.37, 11.31, 12.41, App. 3. See also Nominal amount

    • Notional value

      • debt statistics compilation, 12.42

      • gross external debt interest rate composition, 7.39

      • gross foreign currency external debt, 7.29–7.30, 15.36

    • NPISH See Nonprofit institutions serving households

    • NPV. See Net present value of debt

    O

    • ODA. See Official development assistance

    • ODF. See Official development finance

    • OECD. See Organisation for Economic Co-operation and Development

    • OECD Consensus. See Arrangement on Guidelines for Officially Supported Export Credits

    • OECD Working Party on Export Credits and Credit Guarantees, function of, App. 3

    • Official bilateral creditors, 6.5, 7.46

    • Official creditors, 6.5

    • Official development assistance, definition, App. 3

    • Official development assistance loans, definition, App. 3

    • Official development bank, function of, App. 3

    • Official development finance, definition, App. 3

    • Official multilateral creditors, 6.4

    • Officially supported export credits, definition, App. 3

    • Offshore banks

      • reporting debt, 12.11

      • residency of, 2.19, 2.21

    • Offshore enterprises, residency of, 2.19, 2.21

    • Offshore financial center, definition, App. 3

    • On-lending of borrowed funds, App. 1 (Part 2)

    • One-off guarantees, definition, App. 3

    • OOFs. See Other official flows

    • Operational leases, classification of, App. 1 (Part 1)

    • Option-pricing techniques, 9.37–9.38

    • Options also review ESOs

      • classification of, App. 1 (Part 1)

      • definition, 3.27

      • employee stock options, 3.26

      • foreign currency options, 7.29, 7.31–7.32

      • projected payments and, 6.35, 7.17–7.19, 15.23

      • valuation, 2.54

      • See also Employee stock options

    • Organisation for Economic Co-operation and Development

      • Commercial Interest Reference Rates, 6.23, 8.27

      • Creditor Reporting System, App. 3

      • Development Assistance Committee, 8.2, App. 3

      • function of, App. 3

      • TFFS member agencies, 1.6

    • Original issue account bond, App. 1 (Part 1)

    • Original maturity, definition, 2.60, App. 3

    • Other accounts payable and receivable-other, classification of, 3.42, App. 1 (Part 1)

    • Other assets/other liabilities, definition, 3.25

    • Other debt liabilities, definition, 3.35

    • Other investment, definition, 3.28

    • Other official flows, definition, App. 3

    • Other sectors, 3.8

    • Outstanding liabilities, 2.4

    • Overnight borrowing, 2.89

    • Overnight deposits, App. 1 (Part 2)

    • Own offices, definition, App. 3

    • Ownership change date, 2.26, 3.36

    P

    • Par bonds. See Brady bonds

    • Paris Club

      • debt rescheduling, 8.19, Box 8.2

      • function of, App. 3

      • as official bilateral creditor, 6.5

      • TFFS member agencies, 1.6

    • Part-payments, for capital goods, App. 1 (Part 2)

    • Partial coverage collections, debt statistics compilation, 12.24

    • Partial direct reporting companies, 12.32

    • Participating preferred shares, classification of, App. 1 (Part 1)

    • Pass through funds, definition, App. 3

    • Payment guarantees, 9.11

    • Payment schedules

      • credit-linked external debt, projected, 6.36

      • debt-service, 1.10, 6.25, 7.2, 7.10–7.20

      • early repayment provisions, 6.35

      • financial leases, 6.38

      • foreign currencies and nonresidents, 7.34–7.38

      • foreign currency external debt, projected, 6.27–6.28

      • index-linked external debt, projected, 6.32

      • interest on deposits, projected, 6.30–6.31

      • loans not fully disbursed, projected, 6.33

      • projecting payments, 6.24

      • reverse transactions, projected, 6.37

      • securities with embedded options, 7.17–7.19

      • service-related debts, projected, 6.34

      • time periods, 7.12–7.14

    • PDRCs. See Partial direct reporting companies

    • Penalties, commercial contracts and, App. 1 (Part 2)

    • Pension entitlements, classification of, App. 1 (Part 1)

    • Pension funds, debt liabilities, 2.45

    • Periodical interest payments, 2.6

    • Permanent debt, definition, App. 3

    • Permanent interest-bearing shares, classification of, App. 1 (Part 1)

    • Perpetual bonds, App. 1 (Part 1)

    • Perpetual floating-rate notes, classification of, App. 1 (Part 1)

    • PIBS. See Permanent interest-bearing shares

    • PLL. See Precautionary and liquidity line

    • Political risk, definition, App. 3

    • Portfolio investment, 3.21–3.25

    • Portfolio management, 11.39

    • Positions, definition, 2.13, App. 3

    • Post-cutoff-date debt. See Cutoff date

    • Poverty Reduction and Growth Facility, definition, App. 3

    • Poverty Reduction and Growth Trust, definition, App. 3

    • Precious metals accounts (allocated and unallocated), classification of, App. 1 (Part 1)

    • Precautionary and liquidity line, definition, App. 3

    • Pre-cutoff debt. See Cutoff

    • Preferred shares

      • classification of, App. 1 (Part 1)

      • participating, App. 1 (Part 1)

    • Premium, definition, App. 3

    • Prepayments

      • debt reorganization, 8.32, 8.34–8.35

      • definition, App. 3

      • of goods and services, App. 1 (Part 2)

    • Present value

      • of assistance, App. 5:4–App. 5:12

      • of debt instruments, 2.67–2.74

      • and debt reduction, 8.5–8.6, 8.27–8.28

      • of debt securities, 2.49, Box. 2.3

      • of defined-benefit pension schemes, 2.45

      • definition, App. 3

      • grant element and, 6.23

      • interest costs, 2.67–2.74

      • solvency, 14.8

      • of standardized guarantee schemes, 2.45

    • Present value of debt-to-exports ratio, definition, App. 3

    • Previously rescheduled debt, definition, App. 3

    • PRGF. See Poverty Reduction and Growth Facility

    • PRGT. See Poverty Reduction and Growth Trust

    • Principal

      • definition, 2.5, App. 3

      • discounted, 2.72–2.73

      • payments, 2.5, 2.7

      • schedule of payments, 2.8, 7.11

    • Principal repayment schedule, definition, App. 3

    • Private creditors, definition, App. 3

    • Private sector

      • definition, 5.5

      • external debt, App. 8:1–App. 8:28

      • See also Publicly guaranteed private sector external debt

    • Private sector external debt not publicly guaranteed, 5.6

    • Processing of goods, App. 1 (Part 2)

    • Progress payments for high-value capital goods, App. 1 (Part 2)

    • Project loan disbursements, App. 1 (Part 2)

    • Projected payments. See Payment schedules

    • Projected preparation facility, App. 1 (Part 1)

    • Promissory notes, classification of, App. 1 (Part 1)

    • Provisioning, definition, App. 3

    • Provisions for calls under standardized guarantees, App. 1 (Part 1)

    • PSRL. See Public Sector Reform Loan

    • Public corporation, definition, 5.5

    • Public sector debt statistics (PSD) database, App. 3

    • Public sector external debt, definition, 5.10, App. 3

    • Public-private partnerships, App. 1 (Part 2)

    • Public sector

      • contingent liabilities guarantees, 9.41

      • debt, App. 3

      • debt statistics, 11.1–11.41, App. 3

      • definition, 5.5

      • external debt, 5.1–5.12, 15.8

    • Publicly guaranteed private sector external debt, definition, 5.6

    • Putable bonds, App. 1 (Part 1)

    Q

    • QEDS. See Quarterly External Debt Statistics

    • Quantitative limits, definition, App. 3

    • Quarterly External Debt Statistics, App. 3

    • Quasi-corporations, 3.7

    R

    • Random samples, debt statistics compilation, 12.24

    • Rapid Credit Facility, definition, App. 3

    • Rapid Financing Instrument, definition, App. 2 RCF. See

    • Rapid Credit Facility

    • RFI. See Rapid Financing Instrument

    • Recording, time of, 2.25–2.28

    • Recording basis, Box 2.1

    • Recoveries, definition, App. 3

    • Recognition bonds, App. 1 (Part 1)

    • Redemption price, definition, App. 3

    • Reference units of account, 2.57

    • Refinancing, 8.8. See also Debt refinancing; Debt rescheduling

    • Registers of external loans, 12.33

    • Reinsurance, App. 1 (Part 2)

    • Reinsurance by export credit agencies, definition, App. 3

    • Remaining maturity

      • definition, 6.6, App. 3

      • external debt, 1.4

      • long-term, 2.61

      • measuring, 4.11, 6.8, 7.5–7.9

      • short-term, 2.61, 6.7

    • Reorganization. See Debt reorganization

    • Repayment period, definition, App. 3

    • Rephasing, definition, App. 3

    • Reporting banks, definition, App. 3

    • Repos. See Repurchase agreements

    • Repudiation of debt, definition, App. 3, 2.25

    • Repurchase agreements

      • definition, 3.37, App. 2:4

      • delay in returning security, App. 1 (Part 2)

      • function of, App. 2:4–App. 2:12

      • risk management, 15.40

      • See also Reserve security transactions

    • Rescheduling. See Debt rescheduling

    • Rescheduling agreement, definition, App. 3

    • Reserve assets, 3.46

    • Reserve Position in the Fund, App. 1 (Part 2)

    • Reserve related liabilities, definition, 3.47

    • Residence

      • brass plate companies, 2.20

      • currency union central bank, 2.24

      • definition, 2.15

      • determination of, 2.9

      • economic territory, 2.16

      • institutional units, 2.17–2.18

      • international organizations, 2.23

      • nonresident agencies, 2.22

      • offshore banks, 2.19, 2.21

      • offshore enterprises, 2.19, 2.21

      • predominant center of economic interest, 2.17

      • shell companies, 2.20

      • special purpose entities, 2.20

      • See also Nonresidents

    • Residual maturity. See Remaining maturity

    • Residual values, treatment of, App. 1 (Part 2)

    • Reverse security transactions

      • change of ownership, 3.36

      • classification of, App. 2:2

      • data collection, 13.33–13.34

      • definition, 3.37, App. 2:1

      • memorandum table, 4.18–4.19

      • recording, App. 2:20

      • repurchase agreements, App. 2:4–App. 2:12

      • resident-issued debt securities involved in, 4.18–4.19

      • sale of, 3.38

      • securities lending, App. 2:13–App. 2:19

      • sale of security under, 3.38

      • See also Repurchase agreements

      • See also Security lending

    • Reverse transactions, projected payments, 6.37

    • Revolving underwriting facilities

      • classification of, App. 1 (Part 1)

      • contingent guarantee, 9.14

      • maturity, 2.60

    • Rights accumulation program, definition, App. 3

    • Risk, contingent liabilities and, 9.37–9.38

    • RUFs. See Revolving underwriting facilities

    S

    • SAF. See Structural Adjustment Facility

    • SBA. See Stand-by Arrangements

    • SCF. See Standby Credit Facility

    • SDDS. See Special Data Dissemination Standard

    • SDR. See Special drawing rights

    • Sector classification, definition, 3.2, App. 3

    • Securities lending, 3.37, App. 2:13–App. 2:19

    • Security identification code, Box 13.2, App. 8:22

    • Sell-/buybacks, 3.37, App. 2:1

    • Service-related debts, projected payments, 6.34

    • Services

      • as debt repayment, 2.44

      • prepayments, App. 1 (Part 2)

    • Shares. See equity and investment fund shares

    • Shares go ex-dividend

      • classification of, 2.27

      • debt liabilities, 15.15

      • nominal value, 2.39

    • Shell companies, residency of, 2.20

    • Shadow banking sector, 15.11

    • Short positions, definition, App. 3

    • Short-term commitments, definition, App. 3

    • Short-term debt

      • definition, 2.60–2.61, App. 3

      • external debt, 6.6–6.8

      • monitoring, 12.34–12.38

      • See also Short-term remaining maturity

    • Short-term remaining maturity, 6.6–6.68, 7.5–7.7

    • SIL. See Specific Investment Loan

    • 2008 SNA. See System of National Accounts 2008

    • Solvency

      • balance sheet mismatches, 15.5

      • currency composition and, 7.21

      • debt sustainability and, 14.4

      • definition, 14.8

      • indicators based on debt, 14.13, Table 14.2

      • interest rate composition and, 7.39

    • Sovereign bonds, restructuring, Box 8.1

    • Sovereign debt, definition, App. 3

    • Sovereign wealth funds, App. 1 (Part 2)

    • Special accounts, definition, App. 3

    • Special Data Dissemination Standard, Box 4.1

    • Special drawing rights

      • classification, 3.3, App. 1 (Part 1)

      • debt liabilities and, 2.11

      • debt-service payment schedule, 7.16

      • definition, 3.45, App. 1 (Part 1)

      • international investment position and, 3.28

      • reserve related liabilities, 3.47

      • standards of value, 2.57, 6.12

    • Special purpose entities

      • definition, App. 3

      • residency of, 2.20

    • SPEs. See Special purpose entities

    • Spot rate, exchange rate conversion, 2.59, 6.27–6.29, 8.26, 8.40, 8.50

    • Stand-by Arrangement (IMF), definition, App. 3

    • Stand-by credit, definition, App. 3

    • Standby Credit Facility, definition, App. 3

    • Standstill, definition, App. 3

    • Statistics

      • coordination among official agencies, 10.4–10.10

      • debt-service payments, 11.27–11.28

      • disbursements data, 11.25–11.26

      • dissemination of external debt statistics, 10.25–10.30

      • estimating position data with transactions information, 12.49

      • legal backing for data collection, 10.12–10.15

      • resource allocation, 10.11

    • Step-up interest, 2.98

    • Stock figures, definition, App. 3

    • Stock-of-debt operation, definition, App. 3

    • Stock rescheduling, 8.19

    • Straightline interest, interest cost accrual, 2.75–2.77

    • Straight-line repayments, definition, App. 3

    • Stratified random samples, debt statistics compilation, 12.24

    • Stress test, definition, App. 3

    • Stripped securities

      • classification of, App. 1 (Part 1)

      • interest costs, 2.85–2.88

      • measuring, 2.69

    • Structural Adjustment Facility, definition, App. 3

    • Structured bonds, classification of, App. 1 (Part 1)

    • Structured floating-rate notes, classification of, App. 1 (Part 1)

    • Subordination strategy, definition, App. 3

    • Supplier’s credit, definition, App. 3

    • Swap contracts, 3.27

    • Swaps

      • classification of, App. 1 (Part 1)

      • cross-currency, 3.27, 7.36

      • debt, App. 3

      • debt-for-charity, App. 3

      • debt-for-development, App. 3

      • debt-for-equity, App. 3

      • debt-for-nature, App. 3

      • definition, 3.27

      • gold, 3.37, App. 1 (Part 1)

      • total return, App. 1 (Part 1)

    • System of National Accounts 2008

      • conceptual framework, 1.2, 2.1, 2.2, 2.29, Box. 2.1

      • and explicit contingent liabilities, 9.9

      • external debt, 2.11, 2.33, 3.1, 3.4, 3.20

      • financial instrument classification, App. 4:21, App. 4:Table A4.5

      • guarantees, Box. 9.1

      • institutional sector, App. 4:22, App. 4:Table A6, App. 8:3

    T

    • Technical arrears, 3.44

    • Technical cooperation grants, definition, App. 3

    • Terms-of-reference rescheduling, definition, App. 3

    • TFFS. See Inter–Agency Task Force on Finance Statistics

    • Third-party guarantees, 2.32

    • Tied-aid loans, definition, App. 3

    • Time of recording, 2.25–2.32

    • Toronto terms. See Concessional restructuring

    • Total official flows, definition, App. 3

    • Total return swaps, classification of, App. 1 (Part 1)

    • Trade credit and advances

      • classification of, App. 1 (Part 1)

      • debt liabilities, 2.11

      • definition, 3.41

      • external debt, 3.28

      • liabilities, 2.44

      • maturity, 15.15

      • valuation, 2.38, 2.42

      • See also Nonnegotiable debt instruments, trade-related credit

    • Trade finance, monitoring debt, Box 6.1, 12.35, 12.38

    • Trade-related credit

      • cross-border, 7.59–7.60

      • definition, 6.9–6.11

    • Trading of nonnegotiable instruments that are recorded at nominal value in position, App. 1 (Part 2)

    • Tranche, 2.84, App. 3

    • Transactions, 2.14

    • Transfer arrears, 4.9, App. 3, App. 7:5

    • Transfer clause, definition, App. 3

    • Transfer risk, definition, App. 3

    • Transfers, definition, App. 3

    • Treasury bills, classification of, App. 1 (Part 1)

    U

    • Ultimate risk concept, 9.42–9.46

    • UNCTAD. See United Nations Conference on Trade and Development

    • Undisbursed

      • definition, App. 3

      • loan commitments, 9.12

    • Unit-of-account-linked debt, 12.51

    • United Nations Conference on Trade and Development, TFFS member agencies, 1.6

    • Unrecovered claims. See Claim payments

    • Upper-middle-income countries, definition, App. 3

    • Use of IMF credit and loans, classification of, App. 1 (Part 1)

    V

    • Valuation, 2.33–2.56

      • face value, 2.35, Box 2.2

      • fair value, 2.37, Box 2.2

      • market value, 2.36, Box 2.2

      • nominal value, 2.34, Box 2.2

      • nondebt instruments, 2.52–2.56

      • nonnegotiable debt instruments, 2.38–2.47

      • traded debt instruments, 2.48–2.51

    • Value date, 2.26

    • Variable-rate bonds, classification of, App. 1 (Part 1)

    • Variable-rate external debt instruments, 6.15–6.17

    • Variable-rate instruments, 2.34, 2.90–2.96

    • Variable-rate notes, classification of, App. 1 (Part 1)

    • Variation margins, App. 2:10

    • Vienna Initiative, definition, App. 3

    • Vostro accounts

      • classification of, App. 1 (Part 1)

    • VRNs. See Variable-rate notes

    W

    • Warrants, classification of, App. 1 (Part 1)

    • World Bank

      • Debtor Reporting System, 8.2

    • World Bank Group

      • function of, App. 3

      • TFFS member agencies, 1.6

    • Write-offs. See Debt write-off

    Y

    • Yield-to-maturity, definition, App. 3

    Z

    • Zero-coupon bonds

      • classification of, App. 1 (Part 1)

      • and stripped securities, 2.85–2.88

    • Zero-coupon instruments, interest cost accrual, 2.74

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