1.1 The Balance of Payments and International Investment Position Compilation Guide (Guide) is a companion document to the sixth edition of the Balance of Payments and International Investment Position Manual (BPM6) published by the International Monetary Fund (IMF) in 2009. The Guide updates the Balance of Payments Compilation Guide released in 1995. The BPM6 addresses important developments that have occurred in the international economy since the BPM5, including those that have emerged from globalization, increased elaboration of balance sheet issues, and changing patterns of financial intermediation. The purpose of the Guide is to show how the conceptual framework described in the BPM6 may be implemented in practice. Key elements of the framework are described in paragraphs 11–24 of this chapter. The Guide is not intended to be a “stand-alone” manual; users of the Guide should be familiar with the BPM6.