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1993 SNA Update Information - Fees payable on securities lending and gold loans

Subissue description
Issue description in [English] | [French] | [Russian] | [Spanish]
Neither the 1993 SNA nor the Balance of Payments Manual discusses the issue of fees payable on securities lending and gold loans. The fee for securities lending is for putting a financial instrument at the disposal of another unit, but it does not fit with the definition of interest when the legal ownership is transferred but the economic risks and rewards of the ownership remain with the original owner. The fee payable on gold loans appears to be a payment for services as gold in this instance is non-monetary gold.
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 documentFees on securities lending and reversible gold transactions
AEG summaries:Posted on 30/09/2005Click here to see pdf documentClick here to see word documentFees on securities lending and reversible gold transactions
Statistics
Number of AEG recommendations:1
Number of country comments:26
Number of expert comments:none
Corresponding AEG Meetings
The subissue was discussed at the following meetings:
July 2005
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