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1993 SNA Update Information - Activation of guarantees (contingent assets) and constructive obligations

Issue description
Issue description in [English] | [French] | [Russian] | [Spanish]
Loan guarantees have a significant impact on economic behavior, especially when issued by government. The 1993 SNA treats guarantees as contingent liabilities and thus has no record of the existence of the guarantee until it is activated. Further, the treatment of flows arising at the activation is not explicit. Should obligations arising from guarantees be recognized when guarantees are granted, particularly regarding those guarantees for which it is possible to make reasonable estimates of expected future claims?
Corresponding papers (Click on icon to see document in either pdf or word format)
AEG papers:Posted on 31/10/2006Click here to see pdf documentClick here to see word documentReport on e-discussion on Guarantees
 Posted on 30/09/2006Click here to see pdf documentClick here to see word documentThe treatment of standardised guarantees in the new System of National Accounts: consultation of the AEG
 Posted on 18/01/2006Click here to see pdf documentClick here to see word documentGranting and activation of guarantees in an updated SNA
 Posted on 15/08/2005Click here to see pdf documentClick here to see word documentGranting of guarantees in an updated SNA
 Posted on 22/12/2004Click here to see pdf documentClick here to see word documentActivation of guarantees
 
AEG summaries:Posted on 07/04/2006Click here to see pdf documentClick here to see word documentGranting and activation of guarantees in an updated SNA
 Posted on 30/09/2005Click here to see pdf documentClick here to see word documentGranting and activation of guarantees
Statistics
Number of AEG recommendations:2
Number of country comments:50
Number of expert comments:none
Corresponding AEG Meetings
The issue was discussed at the following meetings:
December 2004, July 2005, Jan/Feb 2006
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