9/15/2006 | United Kingdom | We accept the AEG's recommendations as a pragmatic solution to a complex question but note that, in the case of Gold lending, there is normally a transfer of physical metal "allocated gold" so that the nature of such transactions are more complex than implied here. While there may be a case for assigning associated payments as property income as indicated, the treatment of these specialised transactions warrants separate attention on the longer term work programme along with repurchase agreements and securities lending. |
9/15/2006 | Latvia | After deep discussions and expert consultations we basically support the
1993 SNA Update Issues. |
7/28/2006 | Lithuania | In general we support the recommendations. |
2/23/2006 | South African Reserve Bank | We support the recommendations of the AEG. |
1/27/2006 | Central Bank of El Salvador | De acuerdo en considerar las comisiones como una Renta de la propiedad, definiéndole una nueva categoría. |
12/22/2005 | Serbia and Montenegro | We agree with the suggested changes. |
12/14/2005 | France | L'INSEE soutient la recommandation visant à traiter les commissions sur les prêts de titres et sur les opérations de prêt sur l'or comme un intérêt, n'engendrant pas de SIFIM. |
12/13/2005 | Canada | Canada agrees with the recommendation that fees on securities lending and gold transactions be treated as interest and that no FISIM be calculated associated with this interest. |
12/12/2005 | Bank of Korea | We agree with the AEG's recommendations. Holding securities and receiving property income could be recognized as production activities if we consider fees associated with securities lending and reversible gold transactions as rewards of financial production activities. In this case, it might be undesirable that the range of production would be widened too far. |
12/9/2005 | Russia | Rosstat largely supports the recommendations on the updating 1993 SNA, made at the July 2005 meeting of the Advisory Expert Group on National Accounts. |
12/5/2005 | Denmark | Agreement |
12/2/2005 | Netherlands | We generally support the recommendations of the AEG. |
12/2/2005 | Australia | Australia agrees that the fees on securities lending and reversible gold transactions are closer to investment income than a service fee. However, we do not support the underlying treatment of reversible transactions. We believe that a change of ownership should be recorded for reverse transactions. |
12/2/2005 | Turkey | We agree with the recommendations made at the July 2005 meeting of the Advisory Expert Group on National Accounts. |
12/1/2005 | Israel | We agree with all the recommendations of the AEG on this issue. |
12/1/2005 | National Bank of Moldova | We consider that fees associated with securities lending and reversible gold transactions should be treated as property income and should be recorded as interest. |
12/1/2005 | United Kingdom | We agree with the AEG decisions. |
11/30/2005 | Slovak Republic | SO SR agree with AEG recommendations. |
11/30/2005 | Italy | Istat fully agrees with the recommendations made at the July 2005 meeting of the Advisory Expert Group on National Accounts.
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11/30/2005 | National Bank of the Republic of Macedonia | We agree with the recommendations of the AEG. |
11/30/2005 | State Bank of Pakistan | We have gone through recommendations made by Advisory Expert Group (AEG) and fully agree with them. |
11/30/2005 | State Bank of Vietnam | We agree that fees associated with securities and reversible gold transactions should be treated as property income and it should be recorded entirely as interest, but it need to have the detailed practical guidance on measuring fees associated with securities lending and reversible gold transactions. |
11/29/2005 | National Bank of Kazakhstan | On our view, the fees on securities lending and reversible gold transactions should be classified as investment or property income. |
11/29/2005 | People's Bank of China | I agree with your improvements and have no other suggestions. |
11/25/2005 | Vietnam | We agree that fees associated with securities and reversible gold transactions should be treated as property income and it should be recorded entirely as interest, but it need to have the detailed practical guidance on measuring fees associated with securities lending and reversible gold transactions. |
11/21/2005 | USA | We agree with the recommendations of the AEG. |