1993 SNA Update Information - 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. |
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| Corresponding papers (Click on icon to see document in either pdf or word format) | | AEG papers: | Posted on 8/15/2005 |  |  | Fees on securities lending and reversible gold transactions | | AEG summaries: | Posted on 9/30/2005 | | | Fees on securities lending and reversible gold transactions |
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| Statistics | | Number of AEG recommendations: | 1 | | Number of country comments: | 26 | | Number of expert comments: | none |
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| Corresponding AEG Meetings | | The subissue was discussed at the following meetings: | | July 2005 |
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