1993 SNA Update Information - Expert comments for issue:
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. |
|
|
| Expert comments | | There are no expert comments for this issue/subissue so far. |
|
|
|
