Back Matter

Back Matter

Author(s):
International Monetary Fund
Published Date:
July 2008
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References

Index

Numbers in references refer to paragraphs.

Above-the-line components, 8.101

Absolute movement rules, 2.118

Acceptances, 4.33

Accounting and Reporting by Retirement Benefit Plans, 2.16

Accounting for Government Grants and Disclosure of Government Assistance, 2.15

Accounting rules

  • bid and asked prices, 5.322–5.324

  • data netting, 5.325–5.330

  • financial service fees, 5.320–5.321

  • hedge accounting, 5.331–5.337

  • offsetting, 5.327–5.330

  • settlement date accounting, 5.300–5.309, 5.349–5.359

  • time of recording, 5.300–5.309

  • trade date accounting, 5.300–5.309, 5.349–5.359

  • transaction costs, 5.310–5.319

  • transactions estimation, 5.338–5.348

  • valuation change estimation, 5.338–5.348

Accounting standards, 2.3

Accounts

  • effect of debits and credits, 2.75–2.79, Box 2.4

Accrual basis accounting, 2.27–2.31, 8.78

Accrual principle, 2.22

Accrued expenses, 4.117

Accrued interest

  • accounting for, 2.80, Box 2.5

  • calculations, 5.92–5.108

  • life insurance corporations, 2.122, Annex 2.1

  • other depository corporations, 2.119–2.120, Annex 2.1

  • other financial intermediaries, 2.121

  • principle of, 2.28–2.30,

  • reporting, 5.109–5.112

  • in sectoral balance sheet, 7.32

  • for transactions, 5.13

Accrued taxes, 4.117

Accumulated depreciation, 4.111, 4.114, 5.297

Accumulated impairment losses, 5.297

Accumulated impairment losses on nonfinancial assets, 4.111, 4.114–4.115

Accumulated profit/loss for the period, 2.83, 4.51

Accumulation accounts, 8.4, 8.19, 8.23–8.31, Box 8.1

Acquirer of the short position, 5.229

Acquisition approach, 5.92, 5.94–5.95

Acquisitions, 3.101

Actively traded securities, 5.58

Adding-up requirements, 5.3

Adjustable-rate securities, 5.66n

ADRs. See American depository receipts

Aggregate data, 8.76

Agricultural banks, 3.85

Aid agencies

  • residency, 3.52

Aircraft

  • crew member residency, 3.28

Allocated gold deposits

  • classification of, 4.8–4.9

Allowances, 5.10

Allowances for losses on impaired assets, 1.27, 2.43

AMCs. See Asset management companies

Amendment to IAS 39-Financial Instruments: Recognition and Measurement. The Fair Value Option, 2.16

American call (put) options, 4.83, 4.85–4.86, 5.265, 5.270–5.275, 5.281

American depository receipts, 4.48n

Amortized cost

  • defined, 2.45

  • securities valuation, 2.67

Ancillary corporations, 3.9, 3.36–3.37

Annuities, 4.37–4.38, 4.138

ARIMA program, 6.73–6.84, 6.86–6.87, Box 6.5, Box 6.6, Box 6.7

Arrears

  • interest, 1.27, 5.128–5.129

  • principal, 5.144

Asian options, 4.84

Asset accounts

  • debits and credits to, 2.77

Asset-backed securities, 4.14, 4.19–4.25, 8.174

Asset management companies, 3.108

Assets. See Financial assets; Financial assets and liabilities; Nonfinancial assets

Associated firms, 3.146

Associates, 3.9, 3.146

Autonomous agencies, 3.165–3.169

Autonomous pension funds, 3.116, 3.188, 4.57

Autonomous units, 3.157

Autopilot arrangements, 3.149

Autoregressive Integrated Moving Average models, Box 6.6

Available-for-sale financial assets, Box 2.3

Bad debts, 5.87

Balance of payments statistics, 8.107

Balance sheets

  • analyzing country’s financial vulnerability, 8.14

  • financial statistics framework, 8.19–8.22

  • IFRSs and MFSM methodology, 2.22

  • loans on a gross or net basis, 2.26

  • overview, 8.4

  • periodicity, 2.38

  • relationship with accumulation accounts, Box 8.1

  • SNA integrated financial account, 8.122–8.166

Bank draft, 4.5

Bank of England, 2.87, 6.63, Box 6.4

Bank restructuring agencies, 3.129

Bankers’ acceptances, 3.98, 4.33–4.35

Banks in liquidation, 3.93–3.95, 8.134

Banque Centrale des Etats de 3.75, 6.23

Banque des Etats de

Barrier options, 4.84

Basic flow of funds accounts, 8.37–8.44, 8.94, 8.99–8.121

Basket default credit swap agreement, 4.92

BCEAO. See Banque Centrale des Etats de l’Ouest

BEAC. See Banque des Etats de

Bearer-type securities, 2.106n, 5.113–5.118

Below-the-line components, 8.101

Bid and asked prices, 5.322–5.324

Bid-offer spread, 4.84

Bill of exchange, 4.33

Binary options, 4.84

Binomial-tree model, 5.267, 5.272–5.273

Black model, 5.274, 5.276

Black-Scholes options pricing model, 5.267–5.276, 5.287

BOE. See Bank of England

Bond funds, 4.45

Book value

  • amortized cost equivalence, 2.45

  • defined, 2.44

  • differences between the 1993 SNA methodology and the Guide, 1.12

  • of a domestic currency deposit, 2.47

  • of a domestic currency loan, 2.46

  • of non-interest-bearing assets and liabilities, 2.48

  • own funds, 1.14, 5.190

  • rate of return on equity calculation, 5.179

  • valuation of financial assets and liabilities, 2.51, 2.56–2.57, Box 2.2

BOOT schemes. See Build-own-operate-transfer schemes

Border workers, 3.23

BOT schemes. See Build-operate-transfer schemes

Branches

  • of multinational conglomerates, 3.30

Broad money

  • change in, 8.105

  • deposits excluded from, 2.79, 2.119

  • deposits included in, 2.79, 2.119, 4.123

  • seasonally adjusted, 6.55

  • securities other that shares excluded from, 2.119

  • securities other that shares included in, 2.119 financial vulnerability, 8.14

  • transferable deposits, 4.4

Brokers

  • function of, 3.121

Build-operate-transfer schemes, 3.171

Build-own-operate-transfer schemes, 3.171n

Building societies, 3.83

Bureaux de change, 3.122

Buyer of a futures contract, 5.229

Call-option payoff, 5.283

Call options, 4.83, 4.90, 5.71

Cap, 5.69

Capital account, 8.4, 8.24, 8.101, 8.169–8.170, 8.211 de

Capital asset pricing model, 5.177

Capital notes, 5.66n Central, 3.71, 3.75, 6.23

Capital transfers, 8.107

CAPM. See Capital asset pricing model

Captive finance companies, 3.99

Captive insurance subsidiaries, 3.111

Cash basis accounting, 8.78 de

Cash dividends, 4.84

Cash-driven securities repurchase agreements, 5.140n Central

Cash flow hedges, 2.62, 5.333

Cash settlements, 5.286

Cashier’s

CAT bonds. See Catastrophe bonds

Catastrophe bonds, 4.93

Catastrophic losses, 7.27

CBA. See Cost-benefit analysis

CBS. See Central Bank Survey

CDD. See Cooling degree day

CDOs. See Collateralized debt obligations

Census reporting, 2.99

Census surveys, 2.103

Centers of economic interest, 2.1, 3.16

Central bank

  • acquisition of financial risks, 3.62

  • balance sheet data, 8.133

  • central government fiscal agents, 3.62

  • claims on, Box 7.4

  • currency, 6.3–6.4

  • data reporting, 7.6–7.9

  • differences between the 1993 SNA methodology and the Guide, 1.10

  • float, 4.105, 7.32

  • Form 1SR, 7.58–7.60, Appendix II

  • functions of, 3.60–3.65

  • government bankers, 3.60

  • IMF securities, 4.10

  • liabilities, 3.61

  • other changes in the volume of assets, 7.79

  • stock and flow data, 5.1

Central Bank Survey, 1.11, 2.20, Annex 7.3

Central government

  • claims on, 1.17n, Box 7.4

  • contra-entry to currency issue, 7.57

  • currency issuance, 3.158, 6.5–6.8, 7.57

  • deposit liabilities, 3.89

  • deposits issued by, 6.38

  • financial activities, 3.158

  • function of, 3.156–3.159

  • liabilities to, 1.17n, 7.57

Centralized models, 3.71, 3.73–3.74, Box 3.2

Chance, Don M., 5.268

Changes in classification and structure, 7.27

Changes in classification of assets and liabilities, 7.27

Changes in sector classification and structure, 7.27

Chart of accounts, 2.4, 2.69–2.71

Chooser options, 4.84

Claims

  • on nonresidents, 7.42–7.43

  • nonresidents and central government, 1.17n

  • on resident sectors, 7.44, Box 7.4

Classification of financial assets, 2.51–2.56, 4.1, Box 2.2, Box 2.3

Clean price, 5.105

Clearing offices, 3.120

Closed circulation of electronic money, 6.49

Closed-end funds, 4.46

Closed-end investment pool, 5.160

Closing stocks, 5.4, 5.7, 5.230

CMA. See Common Market Area

CMOs. See Collateralized mortgage obligations

Co-circulation of currency, 6.15, 6.20–6.22, 6.29–6.35

Coins. See Currency

Collar, 5.69

Collateralized debt obligations, 4.21n

Collateralized loans, 3.101, 4.132

Collateralized mortgage obligations, 4.21

Collateralized security issuance, 3.131

Collective services, 3.156, 3.179

Commemorative coins, 4.117, 6.9–6.11

Commemorative notes, 4.117

Commercial banks, 3.56, 3.78–3.79

Commercial loans, 5.123

Commercial paper, 8.174

Commissions. See Fees and commissions

Commitment fees, 5.320

Common currency area, 3.70

Common Market Area, 6.22

Common stock. See Shares and other equity accounts

Complementation estimation method, 8.194

Composite insurance companies, 3.110

Composite valuation approach, 5.74

Compound basis, 5.123

Compound options, 4.84

Compounding factor, 5.213

Conglomerates, 3.9

Consolidation adjustments, 7.51–7.54, 7.82, Annex 7.2

Constant-dividend DDM, 5.174

Constant-growth DDM, 5.175

Constant ratio estimation method, 8.195

Construction companies

  • residency, 3.34–3.35

Consumer credit, 3.58, 3.98

Consumer installment loans, 7.89

Consumption assets, 5.221n

Contingent liabilities, 4.119

Continuously compounded basis, 5.213

Contra-entries, 2.73, 5.215, 7.57

Contract-add-operate-transfer schemes, 3.171n

Control totals, 8.71

Conversion options, 5.71

Cooling degree day, 4.93

COP. See Call-option payoff

Corporations

  • control of, 3.9

  • features of, 3.8

  • rate of return on equity, 5.178–5.179

COs. See Coupon only claims

Cost-benefit analysis, 2.88–2.89

Cost of goods sold, 2.72

Counterpart data, 8.60, 8.137

Coupon basis securities, 7.89

Coupon bond with time-variant discount rates, 5.213

Coupon only claims, 4.22

Coupon-only securities, 5.85

Covered call options, 4.87

Credit

  • seasonal adjustment, 6.64–6.88

Credit-card debt, 4.39–4.40

Credit cards, 3.98

Credit default swaps, 4.92

Credit derivatives, 4.78, 4.91–4.93

Credit-spread call (put) options, 4.92

Credit union/cooperative shares, 4.128

Credit unions, 3.84

Creditor approach, 5.93–5.94

Creditor recording symmetry, 2.26

Credits

  • effect on accounts, 2.75, 2.77–2.79, Box 2.4

Crew members

  • residency, 3.28

Cross-border workers, 3.23–3.24

Cross-currency interest rate swaps, 4.81, 5.257, 7.89

Currency

  • from central banks, 6.3–6.4

  • central government issuance, 3.158, 6.5–6.8, 7.57

  • in circulation, 5.42, 6.2

  • classification of, 1.11

  • co-circulation, 6.15, 6.20–6.22, 6.29–6.35

  • commemorative coins, 4.117, 6.9–6.11

  • electronic money, 1.28, 6.47–6.51

  • foreign, 5.43–5.47, 6.12–6–35

  • issuance of, 6.2

  • liability for issuance, 3.75

  • monetary aggregate component, 6.2

  • national, 5.41–5.42, 6.2–6.11

  • outside depository corporations, 5.42, 6.2

  • placement in circulation, 6.2

  • replacement, 6.2

  • through other depository corporations, 6.3–6.4

Currency boards, 3.66–3.67

Currency of denomination

  • differences between the 1993 SNA methodology and the Guide, 1.11

Currency swaps, 4.81, 5.257–5.264

Currency-union currency, 6.23–6.27

Currency unions, 3.53, 3.70–3.75, Box 3.2

Current-account balance, 8.107

Current effective interest rate, 5.149

Custodians, 8.185

Cutting the tail, 2.100

Daily average exchange rate, 5.25

Daily marking to market, 4.82

Daily settlements, 4.82

Data adjustment, 2.104–2.107, 7.51–7.54

Data checking, 2.12–2.13, 8.204–8.209

Data cleansing, 2.112

Data consistency, 1.16–1.18

Data dissemination, 7.1, 7.67–7.73

Data estimation, 2.104–2.107, 8.191–8.203

Data netting, 5.325–5.330

Data periodicity, 2.34–2.39, 7.85

Data Quality Assessment Framework, 2.23, Box 2.1

Data reporting

  • adjustments and estimation, 2.104–2.107

  • benefit assessment, 2.94–2.96

  • compliance costs, 2.91–2.93, 2.96

  • plausibility testing, 2.112–2.118

  • requirements, 2.87–2.94

  • validation, 2.112–2.118

Data revision policy, 6.79

Data sources

  • stocks and flows, 5.2

Data transmission, 2.113n

Data validation, 2.112–2.118

DCs. See Depository corporations

DCS. See Depository Corporations Survey

DDM. See Dividend discount model

De facto negotiable loans, 4.26

Dealers, 3.103

Debits

  • effect on accounts, 2.75–2.77–2.79, Box 2.4

Debt

  • seasonal adjustment, 6.64–6.88

Debt defeasance, 5.325–5.326

Debt securities, 8.155, 8.162

Debtor approach, 5.92, 5.94–5.95

Debtor recording symmetry, 2.26

Decentralized models, 3.72, 3.73–3.74, Box 3.2

Deferred tax assets, 4.110

Deferred tax liabilities, 4.117

Defined benefit plans, 3.114, 4.57n

Defined contribution plans, 3.114, 4.57n

Delivery dates, 4.82

Delivery price, 5.218

Demand deposits, 2.55

Demonetization of gold, 5.38

Demonetized currency, 6.1

Deposit insurance premium, 4.72n

Deposit overdrafts, 4.3

Deposit principal

  • defined, 2.47

Deposit takers. See Other depository corporations

Depository corporations

  • claims on, Box 7.4

  • consolidation in, 7.51

  • differences between the 1993 SNA methodology and the Guide, 1.10

  • other changes in the volume of assets, 7.80

  • subsectors, 3.60–3.3.95

Depository Corporations Survey, 1.17n, 2.20, 8.6, Annex 7.3

Depository receipts, 4.48–4.50, 5.155n, 5.158–5.159

Deposits

  • accrued interest on, 2.119–2.121, Box 2.5, Annex 2.1

  • cashier’s 4.4–4.5

  • classification of, 1.11, 4.2, 5.48–5.50

  • credit union/cooperative shares, 4.128

  • distinguishing from loans, 4.122–4.142, Annex 4.1

  • excluded from broad money, 2.119, 6.52, Appendix I, Appendix II

  • gold deposits, 4.8–4.9

  • impaired deposits reclassification, 4.11–4.13

  • included in broad money, 4.123, Box 6.2, Box 7.5, Appendix I, Appendix II

  • insured, 4.126

  • issued by central government, 6.38

  • issued by financial corporations in liquidation or reorganization, 6.39–6.46

  • issued by public nonfinancial corporations, 6.36–6.37

  • long-term, 7.89

  • margin deposits, 4.6–4.7, 4.130

  • money-market mutual fund shares, 4.127

  • non-formula-based variable interest rates, 4.125

  • nonperforming, 4.11

  • other deposits, 2.121–2.122

  • repurchase agreements, 4.129

  • reserve deposits, 6.53

  • reserve requirements, 6.89–6.92

  • in residential mortgage loan contracts, 4.131

  • short-term, 7.89

  • transferable, 2.119, 2.121–2.122, 4.2, 4.4, 4.122

  • valuation of, 2.55

  • zero-interest, 4.124

Depreciation allowances, 5.12

Depreciation of property, plant, and equipment, 5.295

Derivatives. See Financial derivatives

Derived data, 5.6

Design-build-finance-operate schemes, 3.171n

Detachable options, 4.16

Detailed flow of funds matrices, 8.45–8.50, 8.167–8.190

Develop-operate-transfer schemes, 3.171n

Development capital firms, 3.105

Development projects

  • agency management of internationally financed projects, 3.167

Diagnostic checking, 6.80, 6.84

Differencing, Box 6.6, 8.62

Diplomatic representations

  • locally recruited staff residency, 3.27

  • residency, 3.49–3.50

Direct investment, 8.153

Direct investment enterprises, 3.146, 4.44

Direct investment in equity, 8.149

Dirty price, 5.105

Disaggregation, 2.79, 2.81, 2.84, 7.88–7.90

Discount basis securities, 4.14

Discount houses, 3.86

Discount rate, 5.58

Discounted present values, 5.54

Discrepancies, 8.79, 8.115, 8.211–8.213

Discretionary participation, 4.62–4.63

Dissemination Standards Bulletin Board, 7.68

Dissimilar corporations, 5.169

Distressed corporations

  • fair value, 5.186

Dividend discount model, 5.172–5.176

Dividend payout ratio, 5.178

Dividends payable, 4.111–4.112

Dividends receivable, 4.98–4.99

Divisia money, 6.60–6.63, Box 6.4

Dollarization, 6.16–6.19, 6.29–6.35

“Dollarized” economies, 5.42n, 6.14

Domestic ancillaries, 3.36

Domestic credit, 8.105

Domestic financing, 8.105

Domestic sectors, 8.100

Double-entry accounting, 2.73

Double securitization, 4.19

DQAF. See Data Quality Assessment Framework

DRs. See Depository receipts

DSBB. See Dissemination Standards Bulletin Board

Early-payment discounts, 4.95

Earnings per share, 5.181, 5.183

Earnings retention ratio, 5.178

Eastern Caribbean Central Bank, 3.67, 3.71, 6.23, 6.27

Eastern Caribbean Currency Union, 6.27

ECB. See European Central Bank

ECCB. See Eastern Caribbean Central Bank

ECCU. See Eastern Caribbean Currency Union

Economic appearance of intangible nonproduced assets, 7.27

Economic development loans, 3.98

Economic time series

  • decomposition of, 6.85–6.87

  • seasonal adjustment, 6.64–6.66

Economically significant prices, 3.11, 3.136

Effective interest rate, 2.45, 5.92, 5.320

Electronic currency corporations, 3.105

Electronic data transmission, 2.113n

Electronic money, 1.28, 6.47–6.51

Electronic payments, 3.127

Embassies

  • residency, 3.49–3.50

Embedded derivatives, 4.14, 4.16–4.18, 4.62, 4.64, 5.66n, 5.71–5.79

Emergency credits, 3.128

Employee Benefits, 2.16

Employee stock options, 1.14, 4.88, 5.287–5.289

Energy derivatives, 4.78, 4.91–4.93

Environmental protection agencies, 3.163

EPS. See Earnings per share

Equity account, 2.43

Equity funds, 4.45

Equity swaps, 4.81

Errors and omissions, 8.29

ESA. See European System of Accounts

Estimation modeling, 6.80, 6.83

Estimation of transactions and valuation changes, 5.20, 5.22–5.33, Annex 5.1

Estimation techniques, 8.76, 8.191–8.203

European call (put) options, 4.83, 4.85, 5.265, 5.269–5.274

European Central Bank, 2.87, 3.72, 6.23

European depository receipts, 4.48n

European System of Accounts, 3.18

Exchange rate movements

  • estimation of changes, 5.22–5.33

Exchange rates, 2.58–2.59

Exchange stabilization funds, 3.68, 3.158

Exchange-traded options, 4.83, 7.89

Exclusion principle, 3.152

Executive powers, 3.160

Executive stock options, 4.88–4.89

Exercise limits, 4.84

Exotic options, 4.77, 4.84, 5.208

Expected loan losses, 5.145, 5.147–5.149, 7.32

Expected losses, 1.27

Export bill, 4.35

Export credit refinancing facilities, 4.34

Export finance firms, 3.105

Exporter credit, 4.35

External financing, 8.105

Extrapolation estimation methods, 8.202

Face value, 2.49

Factoring companies, 3.105

Fair value, 1.12, 2.44, 2.49–2.57, 2.67, 5.2, 5.54–5.64, 5.163–5.165, 5.185–5.187, Box 2.2, Box 2.3

Fair-value hedges, 2.62, 5.333

Fair Value Option, 2.67

FCS. See Financial Corporations Survey

FCs. See Financial corporations

Fees and commissions

  • as integral part of effective interest rate, 5.320

  • transaction costs, 5.313

Finance companies

  • function of, 3.98

Financial account, 2.21, 8.4, 8.24–8.31

Financial advisory services, 3.121

Financial assets. See also Financial assets and liabilities

  • annuities, 4.37–4.38

  • asset-backed securities, 4.14, 4.19–4.25

  • available-for-sale, Box 2.3

  • claims or obligations arising from transactions, 4.95

  • classifications, 2.51–2.57, 4.1, Box 2.2, Box 2.3

  • credit-card debt, 4.39–4.40

  • defined, 2.43

  • deposit overdrafts, 4.3

  • deposits, 4.2

  • distinguishing between deposits and loans, 4.122–4.142

  • financial derivatives, 4.77–4.93

  • financial leases, 4.36

  • financial assets scope, 8.18

  • gold deposits, 4.8–4.9

  • IMF securities, 4.10

  • impaired deposit reclassification, 4.11–4.13

  • institutional units as holders of, 3.2

  • insurance technical reserves, 4.52–4.76

  • loans, 4.26–4.40

  • margin deposits, 4.6–4.7

  • monetary gold, 5.37–5.38

  • negotiable, 4.14

  • other accounts receivable/payable, 4.94–4.121

  • pass-through securities, 4.14, 4.29–4.25

  • securities other than shares, 4.14–4.15

  • shares and other equity, 4.41–4.51

  • Special Drawing Rights, 5.39–5.40

  • valuation rules, 2.58–2.67, Box 2.2, Box 2.3

Financial assets and liabilities. See also Financial assets

  • defined, 2.43

  • at fair value through profit or loss, Box 2.3

  • foreign-currency-denominated, 2.58–2.59

  • held for trading, Box 2.3

Financial auxiliaires

  • differences between the 1993 SNA methodology and the Guide, 1.10

  • subsectors, 3.119–3.131

Financial corporations

  • balance-sheet periodicity, 2.36

  • claim on nonresidents, 7.42–7.43

  • claims on resident sectors, 7.44, Box 7.4

  • consolidation in, 7.51

  • data adjustments and estimation, 2.105–2.106

  • liabilities to nonresidents, 7.42–7.43

  • in liquidation or reorganization, deposits issued by, 6.39–6.46

  • reporting by, 7.4–7.17

  • sectoral balance sheets, 7.2, Appendix I

  • source data, 2.5–2.10

  • subsectors, 3.56–3.131

  • surveys of, 1.29, 7.3, 7.39–7.54, 7.83, Annex 7.3

Financial Corporations Survey, 2.20, Annex 7.3

Financial derivative corporations

  • function of, 3.125

Financial derivative intermediaries, 3.104, 3.125

Financial derivatives

  • classification of, 1.11

  • credit derivatives, 4.78, 4.91–4.93

  • currency swaps, 5.257–5.264

  • embedded derivatives, 4.14, 4.16–4.18, 4.62, 4.64

  • employee stock options, 5.287–5.289

  • energy derivatives, 4.78, 4.91–4.93

  • exotic options, 4.77, 5.208

  • forward rate agreements, 5.241–5.247

  • forward-type contracts, 4.77, 4.81–4.82, 5.217–5.228, 7.89

  • futures contracts, 4.77, 5.229–5.240

  • general principles, 5.208–5.216

  • insurance derivatives, 4.78, 4.91–4.93

  • interest-rate-swap contracts, 5.248–5.256

  • issuance of, 3.125

  • markets, 4.77–4.80

  • notional principal, 7.89

  • options contracts, 4.77, 4.83–4.90, 5.265–5.286

  • types of, 4.77

  • weather derivatives, 4.78, 4.91–4.93

Financial guarantee corporations function of, 3.123

Financial instrument coverage, 7.86–7.87

Financial Instruments: Disclosures, 2.16

Financial Instruments: Presentation, 2.16

Financial Instruments: Recognition and Measurement, 2.16, Box 2.3

Financial intermediation

  • characteristics of, 3.56

  • defined, 3.76

Financial leases, 4.36, 4.137, 5.132–5.136

Financial leasing companies

  • function of, 3.100

Financial liabilities

  • defined, 2.43

Financial reporting standards. See National financial reporting standards

Financial service fees, 5.313, 5.320–5.321

Financial statements

  • accrued interest reporting, 5.109

  • going concern basis, 2.32

  • IFRSs and MFSM methodology, 2.17–2.26

  • overview, 1.32, 2.19, 2.21–2.24

  • periodicity and timeliness, 2.26, 2.34–2.41, 2.37–2.41

  • terminology, 2.42–2.50

Financial statistics

  • balance sheets, 8.19–8.22, Box 8.1

  • compilation methods, 8.2, 8.59–8.65

  • counterparts, 8.60–8.62

  • data checking, 8.204–8.209

  • definition of, 8.16–8.18

  • detailed matrices, 8.94, 8.167–8.190

  • discrepancies, 8.79

  • editing, 8.204–8.209

  • effect of secondary market transactions, 8.183–8.185

  • estimation techniques for missing data, 8.191–8.203

  • flow of funds accounts, 8.1, 8.32–8.33, 8.37–8.44

  • framework for, 8.19–8.33

  • imperfect data reporting, 8.80–8.93

  • inconsistent reporting, 8.81–8.83

  • indirect reporting, 8.88–8.89

  • instrument tables, 8.56–8.58

  • Level 1, 8.94, 8.99–8.121

  • Level 2, 8.94, 8.122–8.166

  • Level 3, 8.94, 8.167–8.190

  • levels of, 8.9

  • matrix formats, 8.36–8.50

  • no reporting, 8.90

  • overview, 8.1–8.15

  • partial reporting, 8.84–8.87

  • presentation of, 8.34–8.58

  • residual calculations, 8.63–8.65

  • scope of, 8.16–8.18, 8.17

  • sector tables, 8.52–8.55

  • SNA integrated financial account, 8.122–8.166

  • source data, 8.66–8.79

  • special purpose entities, 8.180–8.182

  • statistical discrepancies, 8.204–8.207, 8.211–8.214

  • structure of, 8.99–8.190

  • systematic development of, 8.94–8.98

  • time-series presentations, 8.51–8.58

Financial stocks. See Stocks

Financial transactions, 8.27

Fiscal authority, 3.176

Fixed-coupon bond, 5.98–5.100

Fixed-coupon securities, 5.57

Fixed-for-fixed currency swap, 5.257–5.258

Fixed-for-floating currency swap, 5.257

Fixed-rate coupon basis securities, 4.14

Fixed-rate loans, 7.89–7.90

Fixed-rate securities, 7.89

Flex options, 4.84

Floating-rate notes, 5.66n

Floor, 5.69

Flow data estimation, 2.108–2.111

Flow increment estimation method, 8.196

Flow of funds accounts

  • basic flow of funds accounts, 8.37–8.44, 8.94, 8.99–8.121

  • compiling, 8.1

  • counterpart sectors, 8.44

  • detailed flow of funds matrices, 8.45–8.50, 8.167–8.190

  • overview, 1.32, 2.21

  • structure of, 8.32–8.33

  • three-dimensional structure, 8.45–8.49

  • two-dimensional matrix, 8.44

Flows. See also Stocks and flows

  • overview, 2.21

Foreign assets, 8.17

Foreign banks

  • representative offices, 3.126

Foreign controlled nonfinancial corporations

  • classification of, 3.146

  • differences between the 1993 SNA methodology and Guide, 1.10

Foreign currencies, 5.43–5.47, 6.12–6–35, 7.89

Foreign-currency-denominated instruments

  • valuation of, 2.58–2.59

Foreign diplomatic representations

  • residency, 3.49–3.50

Foreign-direct-investment transactions, 8.105

Foreign exchange companies

  • function of, 3.122

Foreign exchange policy, 3.70

Foreign liabilities, 8.17

Foreign operations

  • hedges of a net investment in, 2.62

Foreign unit of account, 6.12

Form 1SR, 7.58–7.60, Appendix II

Form 2SR, 7.58–7.59, Appendix II

Form 4SR, 7.58–7.59, Appendix II

Form 5SR, 6.55–6.56, 7.58, Appendix II

Forward contract on currencies, 5.223

Forward contracts, 4.77, 5.217–5.228, 7.89

Forward rate agreements, 4.81, 5.241–5.247

Forward start options, 4.84

Forward-type contracts, 4.77, 4.81–4.82

Framework for the Preparation and Presentation of Financial Statements

  • accrual accounting, 2.27, 2.31

  • applicability of, 2.13–2.14

  • data quality criteria, 2.23–2.25

  • financial statement methodology, 2.17

  • terminology, 2.42–2.50

FRAs. See Forward rate agreements

Fully amortized loans, 5.125

Fully privatized corporations, 3.140

Funds contributed by owners, 4.42, 4.51, 7.49

Future value, 5.213

Futures contracts, 4.77, 4.81–4.82, 5.229–5.240, 7.89

Gains on financial instruments

  • profit-or-loss accounts, 2.81

  • from revaluations, 2.61–2.65, 2.82

  • unrealized, 2.63n

GDDS. See General Data Dissemination System

GDRs. See Global depository receipts

General and special reserves, 2.86, 4.51, 5.10

General Data Dissemination System, 7.69

General government sector

  • financial statistics scope, 8.17

General government units

  • function of, 3.152–3.155

  • redistribution of income or wealth, 3.152

  • separate legal identities, 3.154

  • taxation, 3.152, 3.156, 3.176, 3.179

  • transfers, 3.152

General ledgers, 2.4, 2.68–2.69, 2.79–2.81

General provisions, 5.147

General reserves, 2.86

GFSM 2001. See Government Finance Statistics Manual 2001

Giro account, 4.2

Global depository receipts, 4.48n

Going concerns, 2.32–2.33

Gold

  • in an allocated account, 4.8

  • in an unallocated account, 4.8–4.9

  • classification of, 1.14

  • deposits, 4.8–4.9

  • monetary gold, 5.37–5.38

  • transactions, 5.17

  • valuation of, 5.37–5.38

Gold swaps, 5.137–5.142

Government-affiliated agencies, 3.68–3.69

Government agencies, 3.136

Government branches, 3.160–3.162

Government debt, 8.71

Government entities

  • differences between the 1993 SNA methodology and the Guide, 1.10

Government Finance Statistics Manual 2001, 8.176

Government units

  • central, 3.156–3.159

  • functions of, 3.11–3.12

  • general, 3.152–3.155

Governments

  • local, 3.179–3.183

  • provincial, 3.175

  • regional, 3.175

  • state, 3.175–3.178

Grant date, 5.287

Grants, 3.179

Growth stocks, 5.180

Guarantors

  • function of, 3.123

Guidance on Implementing IAS 39-Financial Instruments: Recognition and Measurement, 2.16

Guidance on Implementing IFRS 7-Financial Instruments: Disclosures, 2.16

A Guide to Money and Banking Statistics in International Financial Statistics, 1.5

HDD. See Heating degree day

Headquarters office

  • regional central banks, 3.53, 3.72

Heating degree day, 4.93

Hedge accounting, 5.331–5.337

Hedge funds, 3.105

Hedged item, 5.334

Hedging effectiveness, 5.334

Hedging instrument, 5.334

Hedging relationships, 2.60–2.62

Held-to-maturity investments, Box 2.3

Holding corporations, 3.9, 3.36–3.37, 3.107

Horizontal adding-up requirements, 5.3

Horizontal checks, 5.4

Household unincorporated market enterprises, 3.147–3.148

Households

  • defined, 3.5, 3.189

  • differences between the 1993 SNA methodology and the Guide, 1.10

  • economic activities, 3.6

  • employer’s, 3.190

  • net equity in life insurance reserves, 4.61–4.64

  • net equity in pension funds, 4.68–4.70

  • production of goods and services, 3.192–3.195

  • residency, 3.21

  • source data, 8.21

Hull, John C., 5.268

Hybrid funds, 4.45

IAS 20-Accounting for Government Grants and Disclosure of Government Assistance, 2.15

IASB. See International Accounting Standards Board

IASB Framework. See Framework for the Preparation and Presentation of Financial Statements

IASs. See International Accounting Standards

Identification codes, 3.140

Identification modeling, 6.80–6.82

IFAC. See International Federation of Accountants

IFRS. See International Financial Reporting Standards

IFS. See International Financial Statistics

IIP. See International Investment Position

IMF. See International Monetary Fund

IMF Accounts No. 1 & Securities, 7.64

IMF No. 1 Account, 7.63–7.64

IMF Quota, 7.63–7.64

Impaired deposits

  • reclassification of, 1.11, 4.11–4.13

Impaired financial assets

  • disposal of, 3.108

  • expected losses, 1.27

  • provisions for losses, 1.27, 5.10

  • reclassification of, 1.11, 4.139

  • write-offs, 5.10

Impaired loan trading, 4.28

Impaired securities other than shares

  • classification of, 1.11, 5.87–5.91

Impairment losses, 5.297

Imperfect data reporting, 8.80–8.93

Implementation Guidance for IAS 39, 2.13

Implicit trading costs, 5.312

Import bill, 4.35

Import finance firms, 3.105

In-the-money call (put) options, 4.83

In the national unit of account, 6.18–6.19

Included in broad money, 2.79

Inconsistent data reporting, 8.81–8.83

Incremental borrowing rate, 5.90

Indirect data reporting, 8.88–8.89

Individual Retirement Accounts, 3.118

Infrequently traded securities, 5.63

Infrequently traded shares, 5.163–5.165

Initial margin, 5.233

Initial measurement, 2.43

Installment loans, 5.125–5.126

Institutional households, 3.191

Institutional units

  • attributes of, 3.4

  • center of economic interest, 2.1

  • corporations, 3.8–3.10

  • defined, 3.3

  • differences between the 1993 SNA methodology and the Guide, 1.10

  • financial corporations sector, 2.2, 3.56–3.131

  • general government sector, 3.152–3.188

  • going concerns, 2.33

  • government units, 3.11–3.12

  • households, 3.5–3.6, 3.189–3.195

  • legal entities, 3.7

  • listing of, 3.140

  • nonfinancial corporations sector, 3.132–3.151

  • nonprofit institutions, 3.13–3.15, 3.39

  • nonprofit institutions serving households sector, 3.196–3.199

  • nonresident units, 3.42–3.53

  • quasi-corporations, 3.10

  • residency, 3.2, 3.16–3.18

  • resident units, 3.19–3.41

  • sectorization of, 3.54–3.55

  • sectors, 3.1, 3.55, Box 3.1

  • social entities, 3.7

  • subsectors, Box 3.1

Institutions for collective investment, 3.102

Instrument tables, 8.56–8.58

Insurance

  • contracts, 4.62

  • deposit components, 4.62

  • net equity of households, 4.61–4.64

  • prepayment of premiums, 4.71–4.74, 4.95, 5.205–5.206, Box 2.2

Insurance auxiliaries

  • function of, 3.124

Insurance corporations

  • accrued interest, 2.122

  • differences between the 1993 SNA methodology and the Guide, 1.10

  • function of, 3.109

  • holding corporation classification, 3.107

  • own assets, 4.56

  • reserve assets, 4.56

Insurance derivatives, 4.78, 4.91–4.93

Insurance technical reserves

  • classification of, 1.11, 4.54–4.60

  • general principles, 5.193–5.195

  • net equity of households in life insurance reserves, 4.61–4.64, 5.196–5.198

  • net equity of households in pension funds, 4.68–4.70, 5.199–5.204

  • plan assets, 4.57n

  • premium supplements, 4.55n

  • prepayment of insurance premiums, 4.71–4.74, 5.205–5.206

  • reinsurance, 4.65–4.67

  • reserves against outstanding claims, 4.75–4.76, 5.207

  • social insurance schemes, 4.52–4.53

Insured deposits, 4.126

Intangible nonproduced assets, 7.27

Integrated financial account

  • overview, 1.32

Interest

  • accrued, 2.28–2.30, 2.80, 2.119–2.122, 7.32, Box 2.5

  • arrears, 1.27, 5.128–5.129, 7.32

  • effective rate, 2.45

  • indexation, 5.71

Interest-bearing claims and obligations, 4.95

Interest-only mortgage loans, 5.125n

Interest-only strips, 4.23

Interest-rate swap contracts, 4.81, 5.248–5.256

Interest rates

  • cap, 5.274n

  • collar, 5.274n

  • floor, 5.274n

  • parity theorem, 5.223

Interim financial reports, 2.35

Internal service organizations, 3.138

International Accounting Standards, 2.13–2.16, 2.18

International Accounting Standards Board, 2.11

International Accounting Standards Committee, 2.35

International depository receipts, 4.48n

International Federation of Accountants, 2.15

International Financial Reporting Interpretations Committee, 2.13

International Financial Reporting Standards, 1.8, 2.11–2.17, 2.22, 2.26, 3.150

International Financial Reporting Standards 2005, 2.14

International Financial Statistics, 1.4, 6.57–6.59, 7.71–7.73

International Investment Position, 8.98, 8.148–8.156

International Monetary Fund

  • Data Quality Assessment Framework, 2.23, Box 2.1

  • liabilities to, 7.57

  • macroeconomic statistics manuals and guides, Box 1.1

  • No. 1 and No. 2 Accounts, 5.49n

  • quota subscription, 4.98, 4.107, 5.293

  • reporting to, 7.58–7.66

  • securities, 4.10

  • web site, 8.15

International organizations

  • pension funds of, 3.29

  • residency, 3.52

  • staff residency, 3.25

International Public Sector Accounting Standards, 2.15

International reserves, 3.158

International Reserves and Foreign Currency Liquidity: Guidelines for a Data Template, 7.61

Intervention modeling, 6.80n

Intramarket trading, 4.50

Intrinsic value, 5.280

An Introduction to Derivatives & Risk Management, 5.268

Inverse-floating rate notes, 5.275n

Investment banks, 3.101

Investment management fees, 5.320

Investment pooling, 3.131

Investment pools, 3.102, 4.45–4.47, 5.160–5.162, 7.89

Investment trusts, 3.102

Investments

IOs. See Interest-only strips

IPSASs. See International Public Sector Accounting Standards

IRAs. See Individual Retirement Accounts

Irregular components, 6.85

Issue price, 2.49

Items in the process of collection, 4.98, 4.103–4.106

Joint account with a resident, 3.45

Judicial powers, 3.160

Lagged reserve requirements, 6.89, 6.91

Legal entities, 3.7

Legal tender, 3.70

Lessee, 3.100

Letters of credit, 4.135

Level 1 financial statistics, 8.94, 8.99–8.121

Level 2 financial statistics, 8.94, 8.122–8.166

Level 3 financial statistics, 8.94, 8.167–8.190

Level yield to maturity, 5.92

Leveraged-rate notes, 5.275n

Liabilities. See also Financial assets and liabilities

  • central government, 1.17n, 7.57

  • nonresidents, 1.17n

  • to nonresidents, 7.42–7.43

  • to resident sectors, 7.45–7.54, Box 7.5

  • revaluation of, 2.53

Liability account for shares and other equity, 2.43, 5.191–5.192

Liability accounts

  • debits and credits to, 2.77

LIBOR zero rate, 5.249

Life insurance

  • net equity of households in reserves, 4.61–4.64, 5.194–5.198

  • reserves against outstanding claims, 4.75–4.76

  • term insurance, 4.72n

Life insurance corporations

  • function of, 3.110

Liquidations, 3.93–3.95, 6.39–6.46, 8.134

Listed corporations, 2.3

Load funds, 5.162

Loan-debt swaps, 5.121

Loan-equity swaps, 5.121

Loan syndication fees, 5.320

Loans

  • accrued interest accounts, 2.121–2.122

  • annuities, 4.138

  • assignment basis, 4.31

  • assumption, 5.121

  • backed by letters of credit, 4.135

  • bankers’ acceptances, 4.33–4.35

  • classification of, 1.11, Box 2.3

  • collateralized, 3.101, 4.132

  • commercial, 5.123

  • commitments, 5.320

  • de facto negotiable, 4.26

  • distinguishing from deposits, 4.122–4.142

  • financial leases, 4.137, 5.132–5.136

  • fixed-rate, 7.89–7.90

  • general principles, 5.119–5.122

  • gold swaps, 5.137–5.142

  • to the IMF, 7.63

  • impaired financial assets, 4.139

  • impaired trading, 4.28

  • installment, 5.125–5.126

  • long-term, 7.89

  • loss write-offs, 5.128

  • made under commitment, 4.136

  • memorandum items, 5.143–5.161

  • mortgages, 5.125–5.126

  • nonassignment basis, 4.31

  • nonperforming, 4.11, 5.130

  • one-time sales, 4.29

  • origination, 4.29

  • other changes in the volume of assets, 5.127–5.131

  • participations, 4.30–4.32, 5.124

  • protective covenants, 4.133

  • refinancing, 5.121

  • repurchase agreements, 5.137–5.142

  • secondary market, 4.27

  • securities lending, 5.137–5.142

  • short-term, 7.89

  • supporting balance requirements, 4.134

  • syndication, 4.30

  • trade bills, 4.33–4.35

  • variable-rate, 7.89–7.90

  • of which interest and principal arrears, 7.33

  • write-offs, 5.10

Local governments, 3.179–3.183, Box 7.4

Long forward contracts, 5.220–5.221, 5.224

Long-term deposits, 7.89

Long-term instruments

  • classification of, 1.11

Long-term loans, 7.89

Long-term securities, 7.89

Lookback options, 4.84

Loro account, 4.2n

Loss transfer, 5.10

Losses on financial instruments

  • profit-or-loss accounts, 2.81

  • from revaluations, 2.61–2.65, 2.82

  • unrealized, 2.63n

Macaulay, Frederick B., 6.76

Macro source data, 8.76

Macroeconomic statistical systems, 1.15–1.21, Box 1.1

Main source data, 8.67–8.73

Margin accounts, 4.87

Margin deposits, 4.6–4.7, 4.130

Margin maintenance, 5.235

Margins, 5.137

Market

  • defined, 5.177

Market capitalization method, 1.14, 5.166–5.169

Market nonprofit institutions, 3.14

Market price, 2.49

Market price at time of issue, 2.49

Market value, 1.12, 2.44, 2.57, 2.67, 7.32

Master netting agreement, 5.330

Matrix formats, 8.36–8.50

Maturity

  • differences between the 1993 SNA methodology and the Guide, 1.11

  • disaggregation by, 7.88

MBBs. See Mortgage-backed bonds

MCM. See Market capitalization method

Medical patients

  • residency, 3.48

Memorandum items, 2.80, 5.143–5.161, 7.32–7.34, Box 7.3

Merchant banks, 3.82

Mergers, 3.101

Metadata, 7.70

Mezzanine companies, 3.105

MFSM. See Monetary and Financial Statistics Manual

Micro source data, 8.76

Microfinancing, 3.85

Migrant workers

  • residency, 3.44–3.46

Military bases, 3.51

Military personnel

  • residency, 3.51

Ministries, 3.157

Miscellaneous asset items, 4.98, 4.108–4.110

Miscellaneous liability items, 4.108, 4.117

MMMF. See Money-market mutual funds

Mobile equipment units, 3.33

Monetary aggregates

  • differences between the 1993 SNA methodology and the Guide, 1.13

  • Form 5SR, 6.55–6.56, 7.58, Appendix II

  • presentation in International Financial Statistics, 6.57–6.59

  • reporting to the IMF, 6.55–6.56

Monetary and Financial Statistics Manual

  • accrual accounting, 2.28, 2.31

  • historical perspective, 1.4–1.9

  • revisions in, 1.33

  • terminology, 2.42–2.50

Monetary authorities, 3.66

Monetary authorities accounts, 3.158, 7.55–7.57, 7.84

Monetary base, 1.13, 3.61, 6.52–6.54

Monetary gold

  • classification of, 1.11

  • transactions, 5.17

  • valuation of, 5.37–5.38

Monetary statistics

  • accrued interest reporting, 5.109

  • data dissemination, 7.67–7.73

  • implementation of, 7.1

  • institutional coverage, 2.97–2.103

  • liability accounts for, 4.49–4.51

  • monetary authorities account, 7.55–7.57, 7.84

  • other changes in the volume of assets, 7.78–7.82

  • overview, 2.19–2.20, 2.22–2.24

  • reporting by financial corporations, 7.4–7.17

  • reporting to the IMF, 7.58–7.66

  • sectoral balance sheets, 7.2, 7.18–7.38, Appendix I

  • source data, 1.19–1.23

  • supplementary data, 7.74–7.77, 7.85–7.90

  • surveys of financial corporations, 7.39–7.54, 7.83, Annex 7.3

Monetization of gold, 5.38

Money. See also Currency

  • divisia money, 6.60–6.63, Box 6.4

  • electronic money, 1.28, 6.47–6.51

Money market funds, 4.45

Money-market mutual funds

  • deposits in the form of shares, 4.127

  • description of, 3.87

Mortgage-backed bonds, 4.24

Mortgage-backed securities, 4.20

Mortgage banks, 3.83

Mortgage pass-through securities, 5.83–5.84

Mortgages

  • assumable loans, 4.20n

  • deposits in residential loan contracts, 4.131

  • financial company services, 3.98

  • loans, 5.125–5.126, 7.89

  • prepayment of residential loans, 4.20

Moving-events effects in seasonality, 6.85

Multi-employer plans, 4.57n

Multinational conglomerates

  • subsidiaries or branches, 3.30

Multinational corporations, 3.9

Multiterritory enterprises, 3.38

Mutual funds, 3.87, 3.102, 4.45

National central banks, 3.41

National currency, 5.41–5.42, 6.2–6.11, 7.89

National data release, 7.67–7.70

National financial reporting standards, 1.22, 2.3

National offices

  • regional central banks, 3.40–3.41, 3.53

National private nonfinancial corporations

  • classification of, 3.142–3.144

  • differences between the 1993 SNA methodology and the Guide, 1.10

National publications, 7.67–7.70

National universities, 3.168

NATO. See North Atlantic Treaty Organization

NAV. See Net asset value

NCBs. See National central banks

Negotiable financial assets, 4.14

Negotiable instruments, 4.14n

Net asset value, 1.14, 5.160–5.161, 5.170

Net claims on central government, 7.41

Net equity of households in pension funds, 4.68–4.70, 5.194, 5.199–5.204

Net equity of households in life insurance reserves, 4.61–4.64, 5.194–5.198

Net financial investment, 8.211

Net foreign assets, 7.41, 8.105

Net international reserves, 8.105

Net investment in a foreign operation as a hedge, 5.333

Net lending/borrowing, 8.24, 8.101, 8.107

Net worth, 1.12n, 8.30

Network money, 6.48

NFI. See Net financial investment

NGV. See No-growth value

1993 SNA. See System of National Accounts 1993

NLNB. See Net lending/borrowing

No-growth value, 5.181

No-load funds, 5.162

Non-autonomous pension funds, 3.116, 4.57

Non-life insurance corporations, 3.110

Non-pension-plan assets, 4.57

Nonembedded derivatives, 4.16

Nonfinancial assets, 5.294–5.299

Nonfinancial corporations, public, 3.134–3.140, 6.36–6.37, Box 7.4

Nonfinancial corporations sector

  • scope, 8.17

  • subsectors, 3.132–3.151

Nonmarket nonprofit institutions, 3.14, 3.163–3.164

Nonoperating depository corporations, 6.39–6.46

Nonperforming deposits, 4.11

Nonperforming financial assets, 1.27

Nonperforming loans

  • classification of, 4.11, 5.130

Nonprofit institutions

  • defined, 3.13

  • engaged in market production, 3.14

  • government-controlled, 3.164

  • market NPIs serving business, 3.14

  • nonmarket, 3.14, 3.163–3.164

  • residency, 3.39

Nonprofit institutions serving households

  • categories of, 3.196–3.199

  • differences between the 1993 SNA methodology and the Guide, 1.10

  • source data, 8.21

Nonresident deposit accounts, 3.45

Nonresident units, 3.42–3.53

Nonresidents

  • claims on, 1.17n, 7.42–7.43

  • liabilities to, 1.17n, 7.42–7.43

  • source data, 8.21

Nonstandard American options, 4.84

Nontraded annuities, 4.38

Nontraded shares, 5.163–5.165

North Atlantic Treaty Organization, 3.51

Nostro account, 4.2

Notes. See National currency

Notional principal

  • in currency swaps, 5.258

  • defined, 2.50

  • in interest-rate swaps, 5.248–5.249

  • supplementary data, 7.89

NPIs. See Nonprofit institutions

NPISHs. See Nonprofit institutions serving households

NPLs. See Nonperforming loans

OCVA. See Other changes in the volume of assets

ODCS. See Other Depository Corporations Survey

ODCs. See Other depository corporations

OFCS. See Other Financial Corporations Survey

OFCs. See Other financial corporations

Offset mortgages, 4.131

Offsets, 5.278n

Offsetting, 5.327–5.330

Offsetting orders, 5.278n

Offshore banks, 3.32, 3.90–3.91

Offshore enterprises, 3.31

Offshore financial centers, 3.92

One-time sales, 4.29

Open circulation of electronic money, 6.49

Open-end funds, 4.46

Open-end mutual funds, 5.161

Open-market investment pools, 5.161

Opening balance of retained earnings, 2.83

Opening stocks, 5.4, 5.7, 5.230

Option on an interest rate swap, 5.274

Options, Futures, and Other Derivatives, 5.268

Options contracts, 4.77, 4.83–4.90, 5.265–5.286, 7.89

Options-pricing models, 5.83

Organized exchanges, 3.120

Original effective interest rate, 5.149

Original maturity, 5.56n, 7.88

Original principal

  • defined, 2.46

Origination fees, 5.320

Other accounts receivable/payable

Other calendar effects in seasonality, 6.85

Other changes in assets account, 8.4

Other changes in the volume of assets

  • central bank, 7.79

  • financial statistics framework, 2.21, 8.4, 8.30–8.31, 8.186–8.189

  • information system data, 2.84–2.86

  • monetary statistics framework, 1.30, 7.27–7.31, 7.78–7.81

  • other depository corporations, 7.80

  • other financial corporations, 7.81

  • provisions for loan losses, 5.127–5.131

  • stock and flow framework, 5.3, 5.8–5.12

Other depository corporations

  • accrued interest, 2.119–2.120, Annex 2.1

  • balance-sheet data, 7.35–7.38, 8.133, Appendix I

  • balance-sheet periodicity, 2.36

  • claims on, Box 7.4

  • consolidation in, 7.51

  • data consistency, 1.18n

  • data reporting, 2.107, 7.10–7.12

  • differences between the 1993 SNA methodology and the Guide, 1.10

  • Form 2SR, 7.58, Appendix II

  • monetary statistics, 2.97–2.103

  • other changes in the volume of assets, 7.80

  • valuation changes, 2.123–2.126

Other Depository Corporations Survey, 2.20, 2.97, Annex 7.3

Other equity, 4.43, 5.156, 7.89

Other financial corporations

  • accrued interest, 2.121, Annex 2.1

  • balance-sheet data, 7.35–7.38, 8.133

  • balance-sheet periodicity, 2.36, 2.38

  • claims on, Box 7.4

  • consolidation of data, 7.51, Annex 7.2

  • data reporting, 7.13–7.17

  • differences between the 1993 SNA methodology and the Guide, 1.10

  • Form 4SR, 7.58, Appendix II

  • other changes in the volume of assets, Annex 7.1

  • pension funds, 3.117

  • stock and flow data, 5.1

  • subsectors, 3.96–3.131

Other Financial Corporations Survey, 2.20, 2.97, Annex 7.3

Other financial intermediaries

  • accrued interest, 2.121

  • differences between the 1993 SNA methodology and the Guide, 1.10

  • subsectors, 3.97–3.108

  • valuation changes, 2.127, Annex 2.2

Other flows matrix, 8.41

Other items (net), 7.41, 7.50, 8.115

Other nonfinancial corporations

  • differences between the 1993 SNA methodology and the Guide, 1.10

  • subsectors, 3.141–3.146

Other resident sectors

  • claims on, Box 7.4

  • differences between the 1993 SNA methodology and the Guide, 1.10

  • time series presentation, 8.52–8.54

Other sectors

Other volume changes in financial assets and liabilities not elsewhere classified, 7.27

Other volume changes in nonfinancial assets not elsewhere classified, 7.27

Out-of-the-money call (put) options, 4.83, 5.279

Outstanding principal

  • defined, 2.46

Over-the-counter markets, 5.54

Over-the-counter options, 4.83, 7.89

Overdrafts, 4.3

Own acceptances, 4.35

Own assets, 4.56

Own funds at book value method, 1.14, 5.190

Parsimony in seasonal adjustment, 6.82

Partial data reporting, 8.84–8.87

Partially privatized corporations, 3.140

Pass-through securities, 4.14, 4.29–4.25, 5.83–5.84

Pawnshops, 3.105

Pay-as-you-go schemes, 3.118

Peace-keeping missions, 3.51

Pension auxiliaries

  • function of, 3.124

Pension funds

  • autonomous, 3.116, 3.188, 4.57

  • differences between the 1993 SNA methodology and the Guide, 1.10

  • function of, 3.113

  • holding corporation classification, 3.107

  • of international organizations, 3.29

  • multi-employer plans, 4.57n

  • net equity of households in, 4.68–4.70, 5.194, 5.199–5.204

  • non-autonomous, 3.116, 4.57

  • residency, 3.29

  • unfunded schemes, 4.59

  • valuation changes, 2.128, Annex 2.2

Pension plans

  • assets, 4.57

  • classification of, 3.114

  • funded, 3.115–3.116

  • unfunded, 3.115

Percentage-movement rule, 2.118

Perpetuities, 5.65

Placement fees, 5.320

Plan of accounts, 2.4, 2.69

Plausibility testing, 2.112–2.118, 8.209

Plowback ratio, 5.178

POP. See Put-option payoff

Portfolio investment, 8.149

POs. See Principal-only claims

Position limits, 4.84

Post office giro institutions, 3.89

Pre-tax effective yield, 5.58

Preferred stocks/shares, 4.41, 5.80–5.82

Premium supplements, 4.55n

Prepayment of insurance premiums, 4.71–4.74, 4.95, 5.205–5.206, Box 2.2

Prepayment risks, 4.21

Present-value method, 1.14, 5.60, 5.171–5.187

Present value of growth opportunities, 5.181–5.182

Primary-market purchase data, 8.183

Principal

  • deposit, 2.47

  • financial derivatives valuation, 2.50

  • indexation, 5.71

  • notional, 2.50

  • original, 2.46

  • outstanding, 2.46

  • remaining, 2.46

Principal arrears, 5.144

Principal-only claims, 4.22–4.23

Principal-only securities, 5.85

Private banks, 3.61

Private equity, 3.101

Private sector, 8.100

Privatized corporations, 3.140

Producer units, 3.193

Profit-or-loss accounts

  • gain or loss data, 2.81

Profit transfer, 5.10

Projected Unit Credit Method, 5.201

Proportional estimation method, 8.197

Proprietary PSA-type model, 5.83

Proprietor’s net addition, 4.43, 5.156

Provisions for loan losses, 4.116

Provisions for losses on impaired assets, 1.27, 2.43, 2.86, 4.111, 4.114, 5.10

Provisions—liabilities, 5.293

PSA model. See Public Securities Association model

Public exchanges

  • function of, 3.120

Public goods, 3.152

Public nonfinancial corporations

  • claims on, Box 7.4

  • deposits issued by, 6.36–6.37

  • differences between the 1993 SNA methodology and the Guide, 1.10

  • subsectors, 3.134–3.140

Public-private partnerships, 3.171

Public Securities Association model, 5.83

Publicly traded entities

  • interim financial reports, 2.35

Purchaser of a long position, 5.229

Put-option payoff, 5.283

Put options, 4.83, 5.71

PVGO. See Present value of growth opportunities

Qualifying insurance policy, 4.69

Quasi-corporations

  • description of, 3.10

  • proprietor’s

Quota subscription, 4.98, 4.107

Quoted shares, 7.89

Range-floater notes, 5.275n

Rate of return on equity, 5.178–5.179

RCBs. See Regional central banks

Real estate investment trusts, 4.45

Receivables

Receivers, 3.93

Redeemable margin deposits, 4.6–4.7

Redemption value, 2.49

Reference rate, 5.66

Regional central banks

  • currency unions and, Box 3.2

  • differences between the 1993 SNA methodology and the Guide, 1.10

  • headquarters office, 3.53, 3.72

  • national offices of, 3.40–3.41, 3.53

  • residency, 3.40–3.41, 3.53

Regional governments, 3.175–3.176

Regional units, 3.176

Regression estimation method, 8.203

Regular way contracts, 5.304

Regulatory bodies, 3.128

Rehabilitate-operate-transfer schemes, 3.171n

Reinsurance, 4.65–4.67

Reinsurance corporations

  • differences between the 1993 SNA methodology and the Guide, net 1.10 additions, 4.43, 5.156

  • function of, 3.109, 3.112

REITs. See Real estate investment trusts

Remaining maturity, 5.56n, 7.88

Remaining principal

  • defined, 2.46

Remeasurement, 2.43

Reorganizations, 3.93, 6.39–6.46

Repayable margin deposits, 4.6–4.7, 5.233

Replicating portfolio, 5.267n

Repurchase agreements, 4.129, 5.137–5.142

Required reserves, 6.89, 6.91

Resale transactions, 5.278n

Research and development institutes, 3.163

Reservable liabilities, 6.89, 6.91

Reserve assets, 4.56, 8.152

Reserve banks, 3.64

Reserve-computation date, 6.91

Reserve-computation period, 6.89

Reserve deposits, 6.53

Reserve-maintenance period, 6.89, 6.91

Reserve position in the Fund, 7.62–7.63

Reserve requirements

  • with averaging of reserve holdings, 6.89–6.90

  • without averaging of reserve holdings, 6.91–6.92

Reserve settlement, 6.89, 6.91

Reserves against outstanding claims, 4.75–4.76, 5.207, Box 2.2

Reset period, 5.66

Residence

  • of institutional units, 3.2

Residency

  • center of economic interest, 3.16

  • concept and coverage of, 3.16–3.18

  • euro-area-wide, 7.65

  • national, 7.65

Resident sectors

Resident units, 3.19–3.41

Residual calculations, 8.63–8.65

Rest of the world, 8.17, 8.21, 8.100

Results for the period, 2.83, 4.51

Retained earnings

  • defined, 2.83, 4.51

  • financial asset valuation, 2.65–2.67

  • transfer of profit or loss, Box 2.6, 5.10

Retirement benefits, 3.113. See also Pension funds

Revaluation accounts, 2.21, 8.4, 8.23, 8.30–8.31, 8.186–8.189

Revaluation adjustments, 2.67

Revaluations, 2.43, 2.63, 2.82, 5.19–5.33. See also Valuation

Reversal of provisions, 5.128

Reverse floating-rate bonds, 5.66n

Reversing trades, 4.82

Right issues, 4.84

Risk-free rate of interest, 5.218

ROE. See Rate of return on equity

Rural banks, 3.85

Sale and lease back, 5.134

Salvage administrators, 3.124

Savings and loans associations, 3.83

Savings deposits, 6.37

Savings systems, 6.37

SDRs. See Special drawing rights

Seasonal adjustment

  • broad money, 6.55

  • decomposition of an economic time series, 6.85–6.87

  • direct methods, 6.67–6.72

  • economic time series, 6.64–6.66

  • indirect methods, 6.67–6.72

  • revision policy, 6.88

  • software packages, 6.73–6.84

  • three-component model in multiplicative form, Box 6.7

Seasonal components, 6.85

Seasonal workers, 3.23

SEATS program, 6.73–6.74

Secondary loan market, 4.27

Secondary-market-trading annuities, 4.38

Secondary market transactions, 8.183–8.185

Sector tables, 8.52–8.55

Sectoral balance sheets, 1.29, 2.20, 2.79, 5.1, 7.2, 7.18–7.38, 7.51, Appendix I

Sectorization

  • of the economy, 3.54

  • of financial assets and liabilities, 2.26

  • of institutional units, 3.54–3.55

Sectors

  • differences between the 1993 SNA methodology and the Guide, 1.10

  • institutional units and, 3.1

Securities

  • fixed-rate, 7.89

  • long-term, 7.89

  • short-term, 7.89

  • substituted for No. 1 Account obligations, 5.49n

  • variable-rate, 7.89

  • write-offs, 5.10

Securities brokers, 3.103

Securities depository companies, 3.120

Securities-driven repurchase agreements, 5.140n

Securities lending, 5.137–5.142

Securities lending agreement, 5.140n

Securities markets

  • function of, 3.120

Securities other than shares

  • accrued interest accounts, 2.119, 2.121–2.122

  • accrued interest calculations, 5.92–5.108

  • accrued interest reporting, 5.109–5.112

  • asset-backed, 4.14, 4.19–4.25

  • bearer-type securities, 5.113–5.118

  • classification of, 1.11

  • disaggregation, 7.89–7.90

  • embedded derivatives, 4.14, 4.16–4.18, 5.71–5.79

  • excluded from broad money, 2.119

  • fair values for infrequently traded securities, 5.54–5.64

  • general principles, 5.51–5.53

  • IMF securities, 4.10

  • impaired securities, 5.87–5.91

  • mortgage pass-through securities, 5.83–5.84

  • pass-throughs, 4.14, 4.19–4.25

  • perpetuities, 5.65

  • preferred stocks/shares, 5.80–5.82

  • price indices, 8.162

  • stripped securities, 5.85–5.86

  • traded in international markets, 4.15

  • types of, 4.14–4.15

  • variable-rate bonds, 5.66–5.70

Securities ownership survey, 5.118

Securitization

  • of assets, 3.106, 3.170, 4.19

  • trusts established for, 3.131

Securitized debt instruments, 4.25

Seller of a futures contract, 5.229

Settlement accounts, 4.98, 4.100–4.102, 4.111, 4.113

Settlement date accounting, 5.300–5.309, 5.349–5.359

Settlement dates, 4.100

Settlements, 4.82, 5.282

Share price indices, 8.161

Shares and other equity accounts

  • classification of, 1.11, 4.41–4.51

  • depository receipts, 5.158–5.159

  • differences between the 1993 SNA methodology and the Guide, 1.12

  • fair values of infrequently traded or nontraded shares, 5.163–5.165

  • general principles, 5.152–5.157

  • investment pools, 5.160–5.162, 7.89

  • liability account for the monetary statistics, 4.49–4.51, 5.191–5.192

    • market value, 7.32

    • net asset value, 5.170

  • own funds at book value, 5.190

  • quoted, 7.89

  • share price indices, 8.161

  • stock and flow data, 2.86, Box 2.6

  • time series presentation, 8.57–8.58

  • transactions, 2.84

  • valuation of

    • combined approach, 5.118–5.119

    • market capitalization method, 5.116–5.119

    • net asset value, 5.170

    • present-value approach, 5.171–5.187

Short forward contracts, 5.220, 5.222, 5.224

Short-term instruments

  • classification of, 1.11

Sight drafts, 4.33

Similar corporations, 5.166

Single-party states, 3.169

Site offices

  • residency, 3.34–3.35

Sliding level estimation method, 8.193, 8.199

Smoothing estimation method, 8.198

SNA. See System of National Accounts 1993

SNA integrated financial account, 8.122–8.166

Social benefits, 3.184

Social entities, 3.7

Social insurance, 4.52–4.53

Social protection schemes, 3.184

Social risks, 3.184

Social security contributions, 3.186

Social security funds, 3.184–3.188

Software

  • seasonal adjustment packages, 6.73–6.84

Solicitor nominee companies, 3.130

Source data, 8.66–8.79

Special agencies, 3.166

Special Data Dissemination Standard, 7.68

Special drawing rights

  • allocations, 4.51

  • classification of, 1.11

  • exchange rate, 5.39

  • flows, 5.40

  • transactions, 5.17

Special purpose entities

  • balance sheets, 8.180–8.182

  • classification of, 3.149–3.151

  • established outside economic territory location of parent corporation, 3.151

  • function of, 3.9, 3.106, 3.170–3.174

  • legal ownership transfer, 3.173

  • residency, 3.37

  • sharing of risks and returns, 3.173

  • structured financial arrangements, 3.173

Special purpose vehicles, 3.106, 4.24n

Special reserves, 2.86

Specialized financial intermediaries, 3.105

Specific provisions, 5.147

Spectral analysis, 6.81n

SPEs. See Special purpose entities

SPIs. See Share price indices

Spot price, 5.218

SRFs. See Standardized report forms

Stand-alone derivatives, 4.16

Standard setting agencies, 3.163

Standardized report forms, 1.6, 7.58–7.65, Appendix II

Standing Interpretation Committee, 2.13

State governments, 3.175–3.178, Box 7.4

State-sponsored pension systems, 3.118

Statistical adjustment items, 8.29

Statistical Code of Practice, 2.87

Statistical discrepancies, 8.79, 8.115, 8.204–8.207, 8.211–8.214

Statistical reporting

  • benefit assessment, 2.94–2.96

  • compliance costs, 2.91–2.93, 2.96

  • regulations, 2.87

  • requirements, 2.90–2.91

Stock dividends, 4.84, 5.155

Stock positions matrix, 8.40

Stock splits, 4.84, 5.155

Stocks and flows

  • adding-up requirements, 5.3–5.6

  • by asset classification, 5.34–5.36

  • closing stocks, 5.4, 5.7

  • data sources, 5.2

  • deposits, 5.48–5.50

  • estimation of changes from exchange rate movements, 5.22–5.33

  • financial derivatives, 5.208–5.289

  • foreign currency, 5.43–5.47

  • insurance technical reserves, 5.193–5.207

  • loans, 5.119–5.151

  • monetary gold, 5.37–5.38

  • national currency, 5.41–5.42

  • nonfinancial assets, 5.294–5.299

  • opening stocks, 5.4, 5.7

  • other accounts receivable/payable, 5.290–5.293

  • other changes in the volume of assets, 5.3, 5.8–5.12

  • securities other than shares, 5.51–5.118

  • shares and other equity, 5.152–5.192

  • special drawing rights, 5.39–5.40

  • transactions, 5.3, 5.13–5.18, 5.22–5.33

  • valuation changes, 5.3, 5.19–5.33

Storage costs, 5.221n

Store of value, 6.12

Strike price, 5.83n

Stripped securities, 5.85–5.86

Structured notes, 5.275n

Students

  • residency, 3.47

Subsidiaries, 3.9, 3.30

Subsidiary ledgers, 2.4, 2.68–2.69, 2.79–2.81

Substitution estimation method, 8.200

Supervisory agencies, 3.128

Supplement to International Financial Statistics, 7.73

Supplementary data, 1.31, 7.74–7.77, 7.85–7.90, 8.146

Supplementary source data, 8.74–8.75

Surveys. See also specific surveys

  • for financial corporations sector, 1.29, 7.3, 7.39–7.54, 7.83, Box 7.4, Box 7.5

Suspense accounts, 4.110, 4.117

Swap agreements, 4.81–4.82

Swap contracts, 7.89

Swaptions, 5.274

System of National Accounts 1993

  • accrued interest, 2.30

  • relationship to the Guide, 1.8–1.14

Tax-favored individual retirement plans, 3.118

Taxes

  • deferred tax assets, 4.110

  • deferred tax liabilities, 4.117

  • earmarked, 3.154

Technical assistance personnel

  • residency, 3.26

Teller’s

Term life insurance, 4.72n

Term-structure models, 5.275

Term to maturity, 7.76

Terminology, 2.42–2.50

Time drafts, 4.33

Time of recording, 5.300–5.309

Time proportion basis, 5.123

Time-series presentations, 8.51–8.58

Time value, 5.280

Timeliness, 2.26, 2.34–2.41

To/from zero rule, 2.118

Top-slicing, 2.100

Total return swaps, 4.92

Trade bills, 4.33–4.35

Trade credit and advances

  • classification of, 1.11, 4.94–4.95

  • defined, 5.290–5.292

Trade-credit arrears, 4.95

Trade date accounting, 5.300–5.309, 5.349–5.359

Trade dates, 4.100

Trade receivables, 3.98

Trading-day effects, 6.85

TRAMO program, 6.73–6.74

Transaction costs, 5.310–5.319

Transactions, 2.84, 5.3, 5.13–5.19, 5.22–5.33

Transactions estimation, 5.338–5.348

Transactions matrix, 8.38–8.39

Transfer payments, 3.184

Transferable deposits, 2.119, 2.121–2.122, 4.2, 4.4, 4.122

Transfers, 3.152, 3.156, 5.10

Traveler’s

Treasury shares, 4.42, 5.154

Trend-cycle components, 6.85

Trend estimation method, 8.201

Trial balance, 2.74

Truncated reporting, 2.100, 2.102–2.103

Trusts

  • function of, 3.9, 3.131

  • organized in foreign countries, 3.131

  • special purpose entities, 3.106

Unallocated gold deposits

  • classification of, 4.8–4.9

  • differences between the 1993 SNA methodology and the Guide, 1.14

Uncompensated seizures, 7.27

Underwriters, 3.103

Unexercised options, 5.279

Unfunded pension liabilities, 1.14

Unfunded pension schemes, 4.59

Unincorporated entities, 3.146–3.147

Unit trusts, 3.102

Universal reporting, 2.99

Universities, 3.168

Unlisted corporations, 2.3

Unquoted equity shares

  • differences between the 1993 SNA methodology and the Guide, 1.14

Unquoted shares, 5.164–5.165, 5.170

User costs, 6.61

Validation of data reporting, 2.112–2.118

Valuation

  • adjustments, 2.65–2.67, 2.77n, 2.84, 2.124, 4.51, 7.49

  • changes, 2.63, 2.81–2.85, 2.123–2.128, 5.3, 5.19–5.33, 8.65

  • financial assets, 2.51–2.67, Box 2.2, Box 2.3

  • gains and losses, 2.61

  • going concerns, 2.33

  • hedging relationships, 2.60–2.62

Valuation change estimation, 5.338–5.348

Value of the firm, 5.173

Variable-coupon bonds, 5.66

Variable-rate bonds, 5.66–5.70, 5.101–5.102

Variable-rate loans, 7.89–7.90

Variable-rate securities, 5.66n, 7.89

Variation margin, 5.235

Venture capital, 3.101, 3.105

Vertical adding-up requirements, 5.3

Vertical checks, 5.3

Vessels

  • crew member residency, 3.28

Vesting date, 5.287

Vostro account, 4.2

Warrants, 4.16

Weather derivatives, 4.78, 4.91–4.93

Weighted-average cost of capital, 5.90

Write-offs, 5.10

X-12-ARIMA program, 6.73–6.84, 6.86–6.87, Box 6.5, Box 6.6, Box 6.7

X-11 Seasonal Adjustment Program, 6.75–6.78, 6.86

Yield to maturity, 5.58

Zero coupon basis securities, 4.14

Zero-coupon rate, 5.249

Zero coupon securities, 5.213

Zero-coupon yield curve, 5.61

Zero-interest deposits, 4.124

Zero-interest trade credit of longer maturity, 5.292

Zero-sum matrix, 8.102

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