1993 SNA Update Information - AEG recommendations for issue:
Application des principes des droits et obligations aux dettes arriérées |
| Subissue description | | Issue description in [English] | [French] | [Russian] | [Spanish] | | Ce point est décrit et discuté à la section correspondant au point 4, Prêts inexécutés. |
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| AEG recommendations | | Number of AEG recommendations for selected issue: | 1 | | Corresponding meeting | Date posted | Recommendation |  | | December 2004 | 1/11/2005 | Time of recording and treatment of arrears should be harmonized in the various macro-economic statistics.
No transactions should be imputed when a liability goes into arrears (i.e., the debt continues to be recorded in the original instrument).
If the original contract provided for a change in the characteristics of a financial instrument when it goes into arrears, this change should be recorded as a reclassification in the other change in volume of assets account.
If the contract is renegotiated, the consequences are to be recorded as new transactions.
It was suggested that consideration of these issues should be included in the paper concerning non-performing loans which the IMF has agreed to prepare.
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