1993 SNA Update Information - Activation of guarantees (contingent assets) and constructive obligations |
| Issue description | | Issue description in [English] | [French] | [Russian] | [Spanish] | | Loan guarantees have a significant impact on economic behavior, especially when issued by
government. The 1993 SNA treats guarantees as contingent liabilities and thus has no record of
the existence of the guarantee until it is activated. Further, the treatment of flows arising at the
activation is not explicit. Should obligations arising from guarantees be recognized when
guarantees are granted, particularly regarding those guarantees for which it is possible to make
reasonable estimates of expected future claims? |
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| Corresponding papers (Click on icon to see document in either pdf or word format) | | AEG papers: | Posted on 31/10/2006 |  |  | Report on e-discussion on Guarantees | | | Posted on 30/09/2006 | | | The treatment of standardised guarantees in the new System of National Accounts: consultation of the AEG
| | | Posted on 18/01/2006 | | | Granting and activation of guarantees in an updated SNA | | | Posted on 15/08/2005 | | | Granting of guarantees in an updated SNA | | | Posted on 22/12/2004 | | | Activation of guarantees | | | | AEG summaries: | Posted on 07/04/2006 | | | Granting and activation of guarantees in an updated SNA | | | Posted on 30/09/2005 | | | Granting and activation of guarantees |
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| Statistics | | Number of AEG recommendations: | 2 | | Number of country comments: | 50 | | Number of expert comments: | none |
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