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1993 SNA Update Information - Treatment of index linked debt instruments

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Treatment of index-linked debt instruments
The guidance in the1993 SNA about how transactions relating to index-linked debt instrument is not precise. When the principal is indexed, the redemption value is not known until maturity; as a result, interest flows are not known before maturity. What should be recorded for interest and principal repayment in the period before maturity? Further, for some instruments, the indexation may lead to valuation gains. How should these be recorded?
Debt indexed to a foreign currency
For debt instruments with both principal and coupons indexed to a foreign currency, the currency of account is important for distinguishing transactions from holding gains and losses. These may be different from an assessment made on the basis of the currency of settlement. Does this mean that debt indexed to foreign currency should be treated in the same way as foreign currency debt, that is as if denominated in foreign currency?
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 documentDebt instruments indexed to a foreign currency
 Posted on 15/08/2005Click here to see pdf documentClick here to see word documentTreatment of interest on index-linked debt instruments
 Posted on 22/12/2004Click here to see pdf documentClick here to see word documentDebt instruments indexed to a foreign currency
 
AEG summaries:Posted on 30/09/2005Click here to see pdf documentClick here to see word documentInterest on index-linked debt instruments
 Posted on 30/09/2005Click here to see pdf documentClick here to see word documentDebt instruments indexed to a foreign currency
Statistics
Number of AEG recommendations:2
Number of country comments:42
Number of expert comments:none
Corresponding AEG Meetings
The subissue was discussed at the following meetings:
December 2004, July 2005
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