National Accounts >> Towards 1993 SNA Rev.1 >> 1993 SNA Update Information >> 1993 SNA Update Issues/Clarifications >> Issue 4.b >> Country Comments
 

Country comments for issue:
Valuation of loans and deposits; Write-off and interest accrual on impaired loans

See all issues/subissues with country comments
See all AEG recommendations for this issue
See all expert comments for this issue

Issue description
Issue description in [English] | [French] | [Russian] | [Spanish]
The valuation of loan positions and deposits are subject to alternative perspectives. Nominal or face value valuation might be misleading because of the risk of default and/or changes in interest rates. This difference becomes apparent when the loans are traded. However, these valuation issues are equally applicable to non-traded loans. Business accounting standards are considering using the concept of “fair value” for the valuation of loans as if they were traded. Should the SNA introduce a valuation other than nominal for deposits and loans?

Statistics
Number of country comments posted below:4 

Date
posted		SourceComment
2006-10-10SwedenAgreement with proposal
2006-09-15LatviaAfter deep discussions and expert consultations we basically support the 1993 SNA Update Issues.
2006-09-15United KingdomWe agree with all the recommendations made by the AEG.
2006-07-27EgyptThe nominal value should be the main base for valuation of loans and deposits.