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1993 SNA Update Information - Country comments for issue:
Valuation of loans and deposits; Write-off and interest accrual on impaired loans

Subissue description
Issue description in [English] | [French] | [Russian] | [Spanish]
The valuation of loan positions and deposits are subject to alternative perspectives. Nominal or face value valuation might be misleading because of the risk of default and/or changes in interest rates. This difference becomes apparent when the loans are traded. However, these valuation issues are equally applicable to non-traded loans. Business accounting standards are considering using the concept of “fair value” for the valuation of loans as if they were traded. Should the SNA introduce a valuation other than nominal for deposits and loans?
Country comments
Number of country comments for selected issue:4
  Date postedSourceComment
 10/10/2006SwedenAgreement with proposal
 9/15/2006United KingdomWe agree with all the recommendations made by the AEG.
 9/15/2006LatviaAfter deep discussions and expert consultations we basically support the 1993 SNA Update Issues.
 7/27/2006EgyptThe nominal value should be the main base for valuation of loans and deposits.
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