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1993 SNA Update Information - Repurchase agreements

Issue description
Issue description in [English] | [French] | [Russian] | [Spanish]
A repurchase agreement (repo) involves the sale of securities or other assets with a commitment to repurchase equivalent assets at a specified price. The market for repos has evolved since the SNA guidelines were prepared; in particular, contrary to what the 1993 SNA suggests, the right to on-selling has become almost universal. The treatment of repos in 1993 SNA and the Balance of Payments Manual, fifth edition, is similar to that of a collateralized loan or as other deposits if repos involve liabilities classified under national measures of broad money. Should the 1993 SNA treatment be revised?
Corresponding papers (Click on icon to see document in either pdf or word format)
AEG papers:Posted on 15/08/2005Click here to see pdf documentClick here to see word documentResults of the AEG e-discussion on Reverse transactions
 Posted on 15/08/2005Click here to see pdf documentClick here to see word documentReverse transactions
 Posted on 22/12/2004Click here to see pdf documentClick here to see word documentRepurchase agreements, securities lending, gold swaps and gold loans
 
AEG summaries:Posted on 30/09/2005Click here to see pdf documentClick here to see word documentReverse transactions
Statistics
Number of AEG recommendations:1
Number of country comments:29
Number of expert comments:none
Corresponding AEG Meetings
The issue was discussed at the following meetings:
December 2004, July 2005
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