1993 SNA Update Information - AEG recommendations for issue:
Assets, liabilities and personal effects of individuals changing residence ("migrant transfers") |
| Subissue description | | Issue description in [English] | [French] | [Russian] | [Spanish] | | The flows of goods and changes in the financial account arising from a change in residence of
individuals are treated as imputed transactions in the Balance of Payments Manual. These flows
are offset in the capital account by capital transfers called migrants’ transfers. The 1993 SNA is
not explicit on the treatment of these flows . Since no change in ownership occur, Should the
changes in financial claims and liabilities due to change in residence of individuals be treated as
reclassification in other changes in volume account? |
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| AEG recommendations | | Number of AEG recommendations for selected issue: | 1 | | Corresponding meeting | Date posted | Recommendation |  | | July 2005 | 9/12/2005 | The AEG accepted the recommendations on migrant transfers as far as households are concerned.
It was confirmed that enterprises seldom change location; in general an enterprise in one location is dissolved and another is formed in another location. However, there were specific but limited examples (for example within the European Union) where an enterprise may change residence, in which case the same rules would apply as for households. |
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