THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION,Having regard to the Treaty establishing the European Community, and in particular Article 285(1) thereof,Having regard to the proposal from the Commission,Having regard to the opinion of the European Central Bank, delivered in accordance with Article 105(4) of the TreatyOJ C 296, 6.12.2003, p. 5.,Acting in accordance with the procedure laid down in Article 251 of the TreatyOpinion of the European Parliament of 30 March 2004 (not yet published in the Official Journal) and Council Decision of 13 December 2004.,Whereas:(1)The Treaty requires the Commission to submit reports to the Council in order to enable the Council to monitor economic developments in each of the Member States and in the Community as well as the consistency of economic policies with certain broad guidelines.(2)According to the Treaty, the Commission must submit proposals to the Council for implementing the common commercial policy and the Council must authorise the Commission to open the necessary negotiations.(3)The implementation and the review of trade agreements, including the General Agreement on Trade in Services (GATS)OJ L 336, 23.12.1994, p. 191. and the Agreement on Trade-Related aspects of Intellectual Property Rights (TRIPs)OJ L 336, 23.12.1994, p. 214., as well as the current and future negotiations on further agreements, call for the relevant statistical information to be made available.(4)Council Regulation (EC) No 2223/96 of 25 June 1996 on the European System of national and regional accounts in the CommunityOJ L 310, 30.11.1996, p. 1. Regulation as last amended by Regulation (EC) No 1267/2003 of the European Parliament and of the Council (OJ L 180, 18.7.2003, p. 1). (ESA 95) contains the reference framework of common standards, definitions, classifications, and accounting rules for drawing up the accounts of the Member States for the statistical requirements of the Community, in order to obtain comparable results between Member States.(5)The Action Plan on EMU Statistical Requirements presented to the Council in September 2000 and the 3rd, 4th and 5th Progress Reports, also supported by the Council, provide for quarterly European accounts by the institutional sector within 90 days. The timely provision of quarterly balance-of-payments figures is a prerequisite for the compilation of these quarterly European accounts.(6)Council Regulation (EC, Euratom) No 58/97 of 20 December 1996 on Structural Business StatisticsOJ L 14, 17.1.1997, p. 1. Regulation as last amended by Regulation (EC) No 1882/2003 of the European Parliament and of the Council (OJ L 284, 31.10.2003, p. 1)., established a common framework for the collection, compilation, transmission and evaluation of Community statistics on the structure, activity, competitiveness and performance of businesses in the Community and sets out the characteristics which should be collected in this area.(7)Regulation (EC) No 2560/2001 of the European Parliament and of the Council of 19 December 2001 on cross-border payments in euroOJ L 344, 28.12.2001, p. 13., had a direct impact on the collection of statistics; an increase in the threshold provided for in that Regulation would have a significant impact on the reporting burden of undertakings and on the quality of balance of payments statistics of Member States, especially in the Member States that have collection systems based on settlements.(8)Collectively, the Balance of Payments Manual of the International Monetary Fund, the Guideline of the European Central Bank (ECB) of 2 May 2003 on the statistical reporting requirements of the European Central Bank in the field of balance of payments and international investment position statistics, and the international reserves templateOJ L 131, 28.5.2003, p. 20., the Manual on statistics of international trade in services of the United Nations, and the OECD Benchmark Definition of Foreign Direct Investment, define the general rules for compiling statistics on balance of payments, international trade in services, and foreign direct investment.(9)In the field of balance of payments statistics, the ECB and the Commission coordinate work on compilation issues as appropriate. This Regulation defines in particular the statistical information that the Commission needs from the Member States in order to produce Community statistics on balance of payments, international trade in services and foreign direct investment. For the purposes of producing and disseminating those Community statistics, the Commission and the Member States consult with each other on matters concerning the quality of the data supplied and its dissemination.(10)Council Regulation (Euratom, EEC) No 1588/90 of 11 June 1990 on the transmission of data subject to statistical confidentiality to the Statistical Office of the European CommunitiesOJ L 151, 15.6.1990, p. 1. Regulation as last amended by Regulation (EC) No 1882/2003., provides that national rules on statistical confidentiality may not be invoked to prevent the transmission of confidential statistical data to the Community authority (Eurostat) where an act of Community law governing a Community statistic provides for the transmission of such data.(11)Council Regulation (EC) No 2533/98 of 23 November 1998 concerning the collection of statistical information by the European Central BankOJ L 318, 27.11.1998, p. 8., lays down a confidentiality regime that applies to confidential statistical information transmitted to the ECB.(12)The production of specific Community statistics is governed by the rules set out in Council Regulation (EC) No 322/97 of 17 February 1997 on Community statisticsOJ L 52, 22.2.1997, p. 1. Regulation as amended by Regulation (EC) No 1882/2003..(13)There is a clear need to produce Community statistics on balance of payments, international trade in services and foreign direct investment which follow common statistical quality standards.(14)Since the objective of this Regulation, namely the creation of common statistical quality standards for the production of comparable statistics on balance of payments, international trade in services and foreign direct investment, cannot be sufficiently achieved by the Member States and can therefore be better achieved at Community level, the Community may adopt measures, in accordance with the principle of subsidiarity as set out in Article 5 of the Treaty. In accordance with the principle of proportionality, as set out in that Article, this Regulation does not go beyond what is necessary in order to achieve that objective.(15)In order to guarantee the fulfilment of the obligations laid down in this Regulation, the national institutions responsible for the collection of data within the Member States may need to gain access to administrative data sources such as business registers held by other public institutions and to other databases containing information on cross-border transactions and positions, wherever such data are necessary for the production of Community statistics.(16)The measures necessary for the implementation of this Regulation should be adopted in accordance with Council Decision 1999/468/EC of 28 June 1999 laying down the procedures for the exercise of implementing powers conferred on the CommissionOJ L 184, 17.7.1999, p. 23.,HAVE ADOPTED THIS REGULATION:

Article 1Subject matterThis Regulation establishes a common framework for the systematic production of Community statistics on balance of payments, international trade in services and foreign direct investment.

Article 2Submission of data1.Member States shall submit to the Commission (Eurostat) data on balance of payments, international trade in services and foreign direct investment as referred to in Annex I. The data shall be as defined in Annex II.2.Member States shall submit the data to the Commission (Eurostat) in accordance with the deadlines shown in Annex I.

Article 3Data sources1.Member States shall collect the information required pursuant to this Regulation using all the sources they consider relevant and appropriate. These may include administrative data sources such as business registers.2.Natural and legal persons required to supply information shall, when responding, comply with the time limits and definitions set by the national institutions responsible for the collection of data within the Member States in accordance with this Regulation.3.Where the required data cannot be collected at a reasonable cost, best estimates may be transmitted (zero values included).

Article 4Quality criteria and reports1.Member States shall take all reasonable measures they consider necessary to ensure the quality of the data transmitted according to common quality standards.2.Member States shall supply the Commission with a report on the quality of the data transmitted (hereinafter referred to as "quality report").3.The common quality standards, as well as the content and periodicity of the quality reports, shall be specified by the Commission, taking into account the implications as regards the cost of collecting and compiling the data as well as important changes concerning data collection.Those measures, designed to amend non-essential elements of this Regulation by supplementing it, shall be adopted in accordance with the regulatory procedure with scrutiny referred to in Article 11(3).The quality of the data transmitted shall be assessed, on the basis of the quality reports, by the Commission with the assistance of the Balance of Payments Committee referred to in Article 11(1).This assessment of the Commission shall be sent to the European Parliament for information.4.Member States shall communicate to the Commission major methodological or other changes that would influence the data transmitted, not later than three months after any such change becomes applicable. The Commission shall notify the European Parliament and the other Member States of any such communication.

Article 5Data flowsThe statistics to be produced shall be grouped for transmission to the Commission (Eurostat) according to the following data flows:(a)balance of payments euro indicators;(b)balance of payments quarterly statistics;(c)international trade in services;(d)foreign direct investment (FDI) flows;(e)FDI positions.The data flows shall be as further specified in Annex I.

Article 6Reference period and periodicityMember States shall compile the data flows according to the relevant first reference period and the periodicity as specified in Annex I.

Article 7Transmission of dataMember States shall transmit to the Commission (Eurostat) the data required by this Regulation following a format and a procedure defined by the Commission, in accordance with the procedure referred to in Article 11(2).

Article 8Transmission and exchange of confidential data1.Notwithstanding the rules laid down in Article 5(4) of Regulation (Euratom, EEC) No 1588/90, the transmission of confidential data between Eurostat and the ECB may take place to the extent this transmission is necessary to ensure coherence between the balance of payments figures of the European Union and those of the economic territory of the Member States which have adopted the single currency.2.Paragraph 1 shall apply on condition that the ECB takes due account of the principles defined in Article 10 of Regulation (EC) No 322/97 and complies with the conditions laid down in Article 14 of the same Regulation.3.The exchange of confidential data, as defined by Article 13 of Regulation (EC) No 322/97, shall be allowed between Member States where the exchange is necessary to safeguard the quality of the balance of payment figures of the European Union.Member States receiving confidential data from other Member States shall treat that information confidentially.

Article 9DisseminationThe Commission (Eurostat) shall disseminate the Community statistics produced pursuant to this Regulation, with a periodicity similar to that specified in Annex I.

Article 10Adaptation to economic and technical changesThe following measures designed to amend non-essential elements of this Regulation, inter alia, by supplementing it, and necessary to take account of economic and technical changes shall be adopted by the Commission in accordance with the regulatory procedure with scrutiny referred to in Article 11(3):(a)measures updating data requirements, including submission deadlines as well as revisions, extensions and eliminations of data flows set out in Annex I;(b)measures updating the definitions set out in Annex II.

Article 11Committee procedure1.The Commission shall be assisted by the Balance of Payments Committee (the Committee).2.Where reference is made to this paragraph, Articles 5 and 7 of Decision 1999/468/EC shall apply, having regard to the provisions of Article 8 thereof.The period provided for in Article 5(6) of Decision 1999/468/EC shall be set at three months.3.Where reference is made to this paragraph, Article 5a(1) to (4) and Article 7 of Decision 1999/468/EC shall apply, having regard to the provisions of Article 8 thereof.4.The ECB may attend the meetings of the Committee as an observer.

Article 12Report on implementationBy 28 February 2010, the Commission shall submit a report to the European Parliament and the Council on the implementation of this Regulation.In particular, the report shall:(a)record the quality of the statistics produced;(b)assess the benefits accruing to the Community, the Member States and the providers and users of statistical information of the statistics produced in relation to the costs;(c)identify areas for potential improvement and amendments considered necessary in the light of the results obtained;(d)review the operation of the Committee and recommend whether the scope of implementing measures should be redefined.

Article 13Entry into forceThis Regulation shall enter into force on the 20th day following its publication in the Official Journal of the European Union.

This Regulation shall be binding in its entirety and directly applicable in all Member States.ANNEX I

Table 1~~DATA~~Monthly ~~FLOWSreferred to in Article 5~~1.Balance of ~~payments euro indicators~~Payments

t~~reference period (year or quarter).~~1.Current ~~Account~~account~~Income~~Primary income—~~Investment Income~~

~~BOP EUREuro Indicators~~	Deadlinet44th +calendar 2day ~~months~~after the end of the reference periodPeriodicity~~Quarter~~MonthlyFirst reference period~~First~~April ~~quarter of 2009~~2014Not mandatory for Member States not participating in the Monetary Union.
~~BOP EUREuro Indicators~~
Credit	Debit	~~Net~~Balance
Goods	~~Goods~~Geo 3	~~Extra-EU~~Geo 3	~~Extra-EU~~	~~Extra-EU~~
Services	~~Services~~Geo 3	~~Extra-EU~~Geo 3	~~Extra-EU~~	~~Extra-EU~~
—	Compensation of employees	Geo 3	~~Extra-EU~~Geo 3	~~Extra-EU~~	~~Extra-EU~~
—~~Direct Investment~~	~~Extra-EU~~	~~Extra-EU~~	~~Extra-EU~~
Investment income	—~~Portfolio Investment~~	~~Extra-EU~~		~~World~~
Direct investment	—
Equity	Geo 3	Geo 3
Of which: Reinvested earnings by resident sector (Sec 1)	Geo 2	Geo 2
Debt instruments	Geo 3	Geo 3
Portfolio investment
Equity and investment fund shares	Geo 3	Geo 1
Debt securities	Geo 3	Geo 1
Other investment	Geo 3	~~Extra-EU~~Geo 3	~~Extra-EU~~
Of which: Interest	Geo 2	~~Extra-EU~~Geo 2
Reserve assets	Geo 3	Geo 3
Of which: Interest	Geo 2	Geo 2
Other primary income	Geo 3	Geo 3
Secondary income	~~Current~~Geo ~~transfers~~3	~~Extra-EU~~Geo 3	~~Extra-EU~~	~~Extra-EU~~

2.Capital accountCapital accountGeo 3Geo 3Net acquisition of financial assetsNet incurrence of liabilitiesNet3.Financial accountDirect investmentEquity by resident sector (Sec 1)Geo 2Geo 2Debt instruments by resident sector (Sec 1)Geo 2Geo 2Portfolio investmentEquity and investment fund sharesBy resident sector (Sec 1)Geo 2Geo 1By counterpart issuer sector (Sec 1)Geo 2Debt securitiesShort-termBy resident sector (Sec 1)Geo 2Geo 1By counterpart issuer sector (Sec 1)Geo 2Long-termBy resident sector (Sec 1)Geo 2Geo 1By counterpart issuer sector (Sec 1)Geo 2Financial derivatives (other than reserves) and employee stock optionsGeo 2Other investmentBy resident sector (Sec 1)Geo 2Geo 2Of which: Currency and depositsGeo 2Geo 2Reserve assetsMonetary goldGold bullionGeo 1Unallocated gold accountsGeo 1Special drawing rights (SDRs)Geo 1Reserve position in the International Monetary Fund (IMF)Geo 1Other reserve assetsCurrency and depositsClaims on monetary authorities, the IMF and the Bank for International Settlements (BIS)Geo 1Claims on other entities (banks)Geo 1SecuritiesDebt securitiesShort-termGeo 1Long-termGeo 1Equity and investment fund sharesGeo 1Financial derivatives (net)Geo 1Other claimsGeo 1Table 2Quarterly Balance of payments ~~quarterly~~and ~~statistics~~International Investment Position

~~World, Intra-EU, Extra-EU, Intra-Euro Area, Extra-Euro Area, EU Institutions.~~

~~BOP QQuarterly Data~~

~~Deadlinet + 3 months~~Periodicity~~Quarter~~QuarterlyFirst reference period~~first~~First ~~quarter~~Quarter of2014DeadlineT+85 ~~2009~~from 2014 to 2016; T+82 from 2017 to 2018; T+80 from 2019Not mandatory for Member States not participating in the Monetary Union.The transition to T+82 and T+80 shall not be mandatory for Member States not participating in the Monetary Union.Geographical detail shall be mandatory for Member States not participating in the Monetary Union from 2019 onwards.Institutional Sector Breakdown level 1 (Sec 1), and not Sec 2, shall be mandatory for Member States not participating in the Monetary Union.

Primary incomeInvestment incomeDirect investment incomePortfolio investment incomeB.Capital account


Credit	Debit	~~Net~~Balance
IA.Current Account
Goods	Geo 4	~~World~~Geo 4	~~World~~	~~World~~
General merchandise on a balance of payments basis	~~Goods~~Geo 3	~~Level~~Geo 13	~~Level 1~~	~~Level 1~~
Net exports of goods under merchanting	Geo 3
Goods acquired under merchanting (negative credits)	Geo 3
Goods sold under merchanting	Geo 3
Nonmonetary gold	Geo 3	Geo 3
Branding - quasi-transit trade adjustment	Geo 4	Geo 4
Services	Geo 4	~~Level~~Geo 14	~~Level 1~~	~~Level 1~~
Manufacturing services on physical inputs owned by others	~~Transportation~~Geo 4	~~Level~~Geo 14	~~Level 1~~	~~Level 1~~
Maintenance and repair services not included elsewhere (n.i.e.)	~~Travel~~Geo 4	~~Level~~Geo 14	~~Level 1~~	~~Level 1~~
Transport	~~Communications~~Geo ~~services~~4	~~Level~~Geo 14	~~Level 1~~	~~Level 1~~
Travel	~~Construction~~Geo ~~services~~4	~~Level~~Geo 14	~~Level 1~~	~~Level 1~~
Construction	~~Insurance~~Geo ~~services~~4	~~Level~~Geo 14	~~Level 1~~	~~Level 1~~
Insurance and pension services	Geo 4	Geo 4
Financial services	Geo 4	~~Level~~Geo 14	~~Level 1~~	~~Level 1~~
Explicitly charged and other financial services	~~Computer~~Geo 3	Geo 3
Financial intermediation services indirectly measured (FISIM)	Geo 3	Geo 3
Charges for the use of intellectual property not included elsewhere	Geo 4	Geo 4
Telecommunications, computer, and information services	Geo 4	~~Level~~Geo 14	~~Level 1~~	~~Level 1~~
~~Royalties and licence fees~~	~~Level 1~~	~~Level 1~~	~~Level 1~~
	Other business services	Geo 4	~~Level~~Geo 14	~~Level 1~~	~~Level 1~~
Research and development services	Geo 3	Geo 3
Professional and management consulting services	Geo 3	Geo 3
Technical, trade-related, and other business services	Geo 3	Geo 3
Personal, cultural, and recreational services	Geo 4	~~Level~~Geo 14	~~Level 1~~	~~Level 1~~
	Government goods and services, not included elsewhere.	Geo 4	~~Level~~Geo 4
Compensation of employees	Geo 4	Geo 4
Equity	Geo 4	Geo 4
Dividends and withdrawals from income of quasi-corporations
In direct investment enterprises	Geo 3	Geo 3
In direct investor (reverse investment)	Geo 3	Geo 3
Between fellow enterprises	Geo 3	Geo 3
By resident sector (Sec 2)	Geo 2	Geo 2
Reinvested earnings	Geo 4	Geo 4
By resident sector (Sec 2)	Geo 2	Geo 2
Debt instruments	Geo 4	Geo 4
In direct investment enterprises	Geo 3	Geo 3
In direct investor (reverse investment)	Geo 3	Geo 3
Between fellow enterprises	Geo 3	Geo 3
Of which: Interest
By resident sector (Sec 2)	Geo 2	Geo 2
Equity and investment fund shares	Geo 4	Geo 1	~~Level~~
Equity securities
Dividends
By resident sector (Sec 2)	Geo 3	Geo 1
By counterpart issuer sector (Sec 2)	Geo 2
Investment fund shares
Dividends
By resident sector (Sec 2)	Geo 3	Geo 1
By counterpart issuer sector (Sec 2)	Geo 2
Reinvested earnings
By resident sector (Sec 2)	Geo 3	Geo 1
By counterpart issuer sector (Sec 2)	Geo 2
Debt securities
Short-term	Geo 4	Geo 1	~~Level~~
Interest
By resident sector (Sec 2)	Geo 3	Geo 1
By counterpart issuer sector (Sec 2)	Geo 2
Long-term	Geo 4	Geo 1
Interest
By resident sector (Sec 2)	Geo 3	Geo 1
By counterpart issuer sector (Sec 2)	Geo 2
Other investment income	Geo 4	Geo 4
Withdrawals from income of quasi-corporations	Geo 3	Geo 3
Interest	Geo 3	Geo 3
By resident sector (Sec 2)	Geo 2	Geo 2
Of which: Interest on special drawing rights (SDRs)		Geo 1
Of which: Interest before FISIM	Geo 3	Geo 3
By resident sector (Sec 2)	Geo 2	Geo 2
Investment income attributable to policyholders in insurance, pension schemes, and standardised guarantee schemes	Geo 3	Geo 3
By resident sector (Sec 2)	Geo 2	Geo 2
Reserve assets income	Geo 3
Of which: Interest	Geo 3
Other primary income	Geo 4	Geo 4
General government	Geo 3	Geo 3
Taxes on production and on imports	Union institutions	Union institutions
Taxes on products	Union institutions	Union institutions
Other taxes on production	Union institutions	Union institutions
Subsidies	Union institutions	Union institutions
Subsidies on products	Union institutions	Union institutions
Other subsidies on production	Union institutions	Union institutions
Rents	Geo 3	Geo 3
Other sectors	Geo 3	Geo 3
Taxes on production and on imports	Union institutions	Union institutions
Taxes on products	Union institutions	Union institutions
Other taxes on production	Union institutions	Union institutions
Subsidies	Union institutions	Union institutions
Subsidies on products	Union institutions	Union institutions
Other subsidies on production	Union institutions	Union institutions
Rents	Geo 3	Geo 3
Secondary income	Geo 4	Geo 4
General government	Geo 3	Geo 3
Current taxes on income, wealth, etc	Geo 3	Geo 3
Social contributions	Geo 3	Geo 3
Social benefits	Geo 3	Geo 3
Current international cooperation (D74)	Geo 3	Geo 3
Of which: vis-à-vis the Union Institutions (excluding the ECB)	Union institutions	Union institutions
Miscellaneous current transfers (D75)	Geo 3	Geo 3
Value Added Tax and Gross National Income-based Union own resources (D76)	Union institutions	Union institutions
Other sectors	Geo 3	Geo 3
Current taxes on income, wealth, etc	Geo 3	Geo 3
Social contributions	Geo 3	Geo 3
Social benefits	Geo 3	Geo 3
Net non-life insurance premiums	Geo 3	Geo 3
Non-life insurance claims	Geo 3	Geo 3
Miscellaneous current transfers (D75)	Geo 3	Geo 3
Of which: Personal transfers between resident and non-resident households	Geo 3	Geo 3
Of which: Workers’ remittances	Geo 4	Geo 4
Adjustment for the change in pension entitlements	Geo 3	Geo 3
Capital account	Geo 4	Geo 4
Gross acquisitions/disposals of non-produced non-financial assets	Geo 3	Geo 3
Capital transfers	Geo 3	Geo 3
General government	Geo 3	Geo 3
Capital taxes	Geo 3	Geo 3
Investment grants	Geo 3	Geo 3
Other capital transfers	Geo 3	Geo 3
Of which: Debt forgiveness	Geo 3	Geo 3
Other sectors	Geo 3	Geo 3
Capital taxes	Geo 3	Geo 3
Investment grants	Geo 3	Geo 3
Other capital transfers	Geo 3	Geo 3
Of which: Debt forgiveness	Geo 3	Geo 3

C.Financial accountFinancial derivatives (other than reserves) and employee stock optionsD.Balancing items

	Net acquisition of financial assets	Net incurrence of liabilities	Net
Financial account	Geo 1	Geo 1
Direct investment	Geo 4	Geo 4
Equity	Geo 4	Geo 4
Equity other than reinvestment of earnings
In direct investment enterprises	Geo 3	Geo 3
In direct investor (reverse investment)	Geo 3	Geo 3
Between fellow enterprises	Geo 3	Geo 3
By resident sector (Sec 2)	Geo 2	Geo 2
Listed	Geo 2	Geo 2
Unlisted	Geo 2	Geo 2
Other (e.g. real estate)	Geo 2	Geo 2
Reinvestment of earnings	Geo 4	Geo 4
By resident sector (Sec 2)	Geo 2	Geo 2
Debt instruments	Geo 4	Geo 4
In direct investment enterprises	Geo 3	Geo 3
In direct investor (reverse investment)	Geo 3	Geo 3
Between fellow enterprises	Geo 3	Geo 3
By resident sector (Sec 2)	Geo 2	Geo 2
Portfolio investment	Geo 4	Geo 1
Equity and investment fund shares	Geo 4	Geo 1
Equity securities
By resident sector (Sec 2)	Geo 3	Geo 1
Listed	Geo 2	Geo 1
Unlisted	Geo 2	Geo 1
By counterpart issuer sector (Sec 2)
Listed	Geo 2
Unlisted	Geo 2
Investment fund shares
By resident sector (Sec 2)	Geo 3	Geo 1
Of which: Reinvestment of earnings	Geo 3	Geo 1
By counterpart issuer sector (Sec 2)	Geo 2
Of which: Reinvestment of earnings	Geo 2
Debt securities
Short-term	Geo 4	Geo 1
By resident sector (Sec 2)	Geo 3	Geo 1
By counterpart issuer sector (Sec 2)	Geo 2
Long-term	Geo 4	Geo 1
By resident sector (Sec 2)	Geo 3	Geo 1
By counterpart issuer sector (Sec 2)	Geo 2
By resident sector (Sec 2)			Geo 3
Other investment	Geo 4	Geo 4
By resident sector (Sec 1)	Geo 4	Geo 4
Other equity	Geo 3	Geo 3
Currency and deposits
By resident sector (Sec 2)
Short-term	Geo 3	Geo 3
Long-term	Geo 3	Geo 3
Loans
By resident sector (Sec 2)
Short-term	Geo 3, IMF	Geo 3, IMF
Long-term	Geo 3, IMF	Geo 3, IMF
Insurance, pension schemes, and standardised guarantee schemes
By resident sector (Sec 2)	Geo 3	Geo 3
Trade credits and advances
By resident sector (Sec 2)
Short-term	Geo 3	Geo 3
Long-term	Geo 3	Geo 3
Other accounts receivable/payable
By resident sector (Sec 2)
Short-term	Geo 3	Geo 3
Long-term	Geo 3	Geo 3
Special drawing rights		Geo 1
Reserve assets	Geo 3
Balance on goods and services			Geo 4
Current account balance			Geo 1
Net lending (+) / net borrowing (–) (balance current & capital account)	~~Income~~	~~World~~	~~World~~	~~World~~
~~Compensation of employees~~	~~Level 1~~	~~Level 1~~	~~Level~~Geo 1
Net lending (+) / net borrowing (–) (from financial account)	~~Investment Income~~	~~World~~	~~World~~	~~World~~
—~~Direct Investment~~	~~Level 1~~	~~Level 1~~	~~Level~~Geo 1
~~Income~~	Net ~~on equity~~
~~Dividends~~errors and ~~distributed profits~~omissions				Geo 1

exchange rate changes

	~~Net assets~~	~~Net liabilities~~	~~Net~~
~~Reinvested earnings and undistributed profits~~					Assets			Liabilities
~~Income~~		Positions	Revaluations ondue ~~debt~~to ~~(interest)~~				Revaluations due to other price changes	Positions	Revaluations due to exchange rate changes	Revaluations due to other price changes
—E.~~Portfolio~~International ~~Investment~~investment position
Financial account	~~Level~~Geo 1		~~World~~	Geo 1
Direct investment	~~Income~~Geo ~~on equity~~	4		~~World~~
~~Income on debt (interest)~~	Geo 4		~~World~~
Equity	—Geo 4	Geo 2	Geo 2	Geo 4	Geo 2	Geo 2
In direct investment enterprises	Geo 2			Geo 2
In direct investor (reverse investment)	Geo 2			Geo 2
Between fellow enterprises	Geo 2			Geo 2
By resident sector (Sec 2)	Geo 2			Geo 2
Listed	Geo 2			Geo 2
Unlisted	Geo 2			Geo 2
Other ~~investment~~(e.g. real estate)	Geo 2	~~Level~~		Geo 2
Debt instruments	Geo 4	Geo 2	Geo 2	Geo 4	Geo 2	Geo 2
In direct investment enterprises	Geo 2			Geo 2
In direct investor (reverse investment)	Geo 2			Geo 2
Between fellow enterprises	Geo 2			Geo 2
By resident sector (Sec 2)	Geo 2			Geo 2
Portfolio investment	Geo 4			Geo 1	~~Level~~
Equity and investment fund shares	Geo 4			Geo 1	~~Level 1~~
Equity securities	~~Interest BPM5 (not adjusted for FISIM)~~
~~Income attributed to insurance policy holder~~
~~Other~~
~~Memorandum Items — income~~
~~Investment~~	By ~~income~~resident ~~— interest SNA93~~sector (~~adjusted~~Sec ~~for~~2)	Geo ~~FISIM)~~	3		~~World~~
~~Value of FISIM~~
~~Investment~~Geo ~~income — interest BPM5 (not adjusted for FISIM)~~	1		~~World~~
Listed	~~Investment~~Geo ~~income — other than interest~~2	Geo 2	Geo 2	Geo 1	Geo 1	Geo 1
Unlisted	Geo 2	Geo 2	Geo 2	Geo 1	Geo 1	Geo 1
By counterpart issuer sector (Sec 2)			~~World~~
~~Current transfers~~	~~Level 1~~	~~Level 1~~	~~Level 1~~
~~General Government~~
~~Taxes on products~~
~~Other taxes on production~~
~~Subsidies on products~~
~~Other subsidies on production~~
~~Taxes on income, wealth, etc.~~
~~Social contributions~~
~~Social benefits other than social transfers in kind~~
~~Other current transfers of general government n.i.e.~~
~~Other sectors~~
~~Workers' remittances~~
~~Other private transfers~~
~~Taxes on products~~
~~Other taxes on production~~
~~Subsidies on products~~
~~Other subsidies on production~~
~~Taxes on income, wealth, etc.~~
~~Social contributions~~
~~Social benefits other than social transfers in kind~~
~~Net non-life insurance premiums~~
~~Non-life insurance claims~~
~~Other current transfers of other sectors n.i.e.~~
~~Adjustments for the change in net equity of households in pension fund reserves~~
~~II.Capital account~~	~~Level 1~~	~~Level 1~~	~~Level 1~~
~~Capital transfers~~
~~Capital taxes~~
~~Investment grants and other capital transfers~~
~~Acquisition/disposal of non-produced, non-financial assets~~
~~III.Financial Account~~
Listed	~~Direct~~Geo ~~Investment~~2	Geo 2		~~Level 1~~
~~Abroad~~			~~Level 1~~
—~~Equity capital~~			~~Level 1~~
—~~Reinvested earnings~~			~~Level 1~~
—~~Other capital~~			~~Level 1~~
~~In the reporting economy~~			~~Level 1~~
—~~Equity capital~~			~~Level 1~~
—~~Reinvested earnings~~			~~Level 1~~
—~~Other capital~~			~~Level 1~~
~~Portfolio Investment~~	~~Level 1~~	~~World~~
~~Financial derivatives~~			~~World~~
~~Other Investment~~	~~Level 1~~	~~Level 1~~	~~Level 1~~
~~Official reserve assets~~	~~World~~
~~IV.Net errors and omissions~~			~~World~~

3.~~International trade in services~~

~~BOP ITSInternational Trade in Services~~	~~Deadline: t + 9 monthsPeriodicity: YearFirst reference period: 2006~~
	~~Credit~~	~~Debit~~	~~Net~~
~~Total Services~~	~~Level 3~~	~~Level 3~~	~~Level 3~~
~~Transportation~~	~~Level~~Geo 2	~~Level 2~~	~~Level 2~~
~~Sea transport~~	~~Level 2~~	~~Level 2~~	~~Level 2~~
—~~Passenger~~	~~Level 2~~	~~Level 2~~	~~Level 2~~
—~~Freight~~	~~Level 2~~	~~Level 2~~	~~Level 2~~
—~~Other~~	~~Level 2~~	~~Level 2~~	~~Level 2~~
~~Air transport~~	~~Level 2~~	~~Level 2~~	~~Level 2~~
—~~Passenger~~	~~Level 2~~	~~Level 2~~	~~Level 2~~
—~~Freight~~	~~Level 2~~	~~Level 2~~	~~Level 2~~
—~~Other~~	~~Level 2~~	~~Level 2~~	~~Level 2~~
~~Other transport~~	~~Level 2~~	~~Level 2~~	~~Level 2~~
—~~Passenger~~	~~Level 2~~	~~Level 2~~	~~Level 2~~
—~~Freight~~	~~Level 2~~	~~Level 2~~	~~Level 2~~
—~~Other~~	~~Level 2~~	~~Level 2~~	~~Level 2~~
~~Extended classification of other transport~~
Unlisted	~~Space~~Geo ~~transport~~2	~~Level~~Geo 2	~~Level~~Geo 2	~~Level 2~~
Investment fund shares	~~Rail transport~~	~~Level~~
By resident sector (Sec 2)	Geo 2	~~Level~~Geo 2	~~Level~~Geo 2	Geo 1	Geo 1	Geo 1
By counterpart issuer sector (Sec 2)	Geo 2	Geo 2	Geo 2
Debt securities
Short-term	Geo 4			Geo 1
By resident sector (Sec 2)	Geo 3	Geo 2	Geo 2	Geo 1	Geo 1	Geo 1
By counterpart issuer sector (Sec2)	Geo 2	Geo 2	Geo 2
By currency:
Euro	Geo 2			Geo 1
US dollar	Geo 2			Geo 1
Other currencies	Geo 2			Geo 1
Long-term	Geo 4			Geo 1
By resident sector (Sec 2)	Geo 3	Geo 2	Geo 2	Geo 1	Geo 1	Geo 1
With redemption due in one year or less				Geo 1
With redemption due in more than one year				Geo 1
By counterpart issuer sector (Sec 2)	Geo 2	Geo 2	Geo 2
With redemption due in one year or less	Geo 2
With redemption due in more than one year	Geo 2
By currency
Euro	Geo 2			Geo 1
US dollar	Geo 2			Geo 1
Other currencies	Geo 2			Geo 1
Financial derivatives (other than reserves) and employee stock options	Geo 4			Geo 4
By resident sector (Sec 2)	Geo 2		Geo 2	Geo 2		Geo 2
Other investment	Geo 4			Geo 4
By resident sector (Sec 1)	Geo 4			Geo 4
By resident sector (Sec 2)		Geo 2	Geo 2		Geo 2	Geo 2
Other equity	Geo 2	Geo 2	Geo 2	Geo 2	Geo 2	Geo 2
Currency and deposits	Geo 4	Geo 2		Geo 4	Geo 2
By resident sector (Sec 2)
Short-term	Geo 3			Geo 3
Long-term	Geo 3			Geo 3
Loans	Geo 4	Geo 2		Geo 4	Geo 2
By resident sector (Sec 2)
Short-term	Geo 3, IMF			Geo 3, IMF
Long-term	Geo 3, IMF			Geo 3, IMF
Insurance, pension and standardised guarantee schemes		Geo 2	Geo 2		Geo 2	Geo 2
By resident sector (Sec 2)	Geo 3			Geo 3
Trade credits and advances	Geo 4	Geo 2		Geo 4	Geo 2
By resident sector (Sec 2)
Short-term	Geo 3			Geo 3
Long-term	Geo 3			Geo 3
Other accounts receivable/payable		Geo 2			Geo 2
By resident sector (Sec 2)
Short-term	Geo 3			Geo 3
Long-term	Geo 3			Geo 3
Special drawing rights				Geo 1	Geo 1

Table 3International trade in servicesDeadlineT + 9 monthsPeriodicityAnnualFirst reference period2013Extended classification of "Other modes of transport"Travel

	Credit	Debit	Balance
Compensation of employees	Geo 5	Geo 5	Geo 5
Personal transfers	—~~Passenger~~Geo 5	~~Level~~Geo 25	~~Level~~Geo 2	~~Level 2~~5
Workers’ remittances	—~~Freight~~Geo 5	~~Level~~Geo 25	~~Level~~Geo 25
SERVICES	Geo 6	~~Level~~Geo 26	Geo 6
Manufacturing services on physical inputs owned by others	—~~Other~~Geo 5	~~Level~~Geo 25	~~Level~~Geo 25
Maintenance and repair services not included elsewhere	Geo 5	~~Level~~Geo 2
~~Road transport~~5	~~Level~~Geo 2	~~Level 2~~	~~Level 2~~5
Transport	—~~Passenger~~Geo 5	~~Level~~Geo 25	~~Level~~Geo 2	~~Level 2~~5
Sea transport	—~~Freight~~Geo 5	~~Level~~Geo 25	~~Level~~Geo 2	~~Level 2~~5
Passenger transport on sea	—~~Other~~Geo 5	~~Level~~Geo 25	~~Level~~Geo 25
Freight transport on sea	Geo 5	~~Level~~Geo 25	Geo 5
Other	Geo 5	Geo 5	Geo 5
Air transport	Geo 5	Geo 5	Geo 5
Passenger transport by air	Geo 5	Geo 5	Geo 5
Freight transport by air	Geo 5	Geo 5	Geo 5
Other	Geo 5	Geo 5	Geo 5
Other modes of transport	Geo 5	Geo 5	Geo 5
Passenger	Geo 5	Geo 5	Geo 5
Freight	Geo 5	Geo 5	Geo 5
Other	Geo 5	Geo 5	Geo 5
Space transport	Geo 5	Geo 5	Geo 5
Rail transport	Geo 5	Geo 5	Geo 5
Passenger on rail	Geo 5	Geo 5	Geo 5
Freight on rail	Geo 5	Geo 5	Geo 5
Other	Geo 5	Geo 5	Geo 5
Road transport	Geo 5	Geo 5	Geo 5
Passenger on road	Geo 5	Geo 5	Geo 5
Freight on road	Geo 5	Geo 5	Geo 5
Other	Geo 5	Geo 5	Geo 5
Inland waterway transport	Geo 5	~~Level~~Geo 25	~~Level~~Geo 2	~~Level 2~~
—~~Passenger~~	~~Level 2~~	~~Level 2~~	~~Level 2~~5
Passenger on inland waterway	—~~Freight~~Geo 5	~~Level~~Geo 25	~~Level~~Geo 2	~~Level 2~~5
Freight on inland waterway	—~~Other~~Geo 5	~~Level~~Geo 25	~~Level~~Geo 25
Other	Geo 5	~~Level~~Geo 25	Geo 5
	Pipeline transport	Geo ~~and electricity transmission~~5	~~Level~~Geo 25	~~Level~~Geo 2	~~Level 2~~5
Electricity transmission	Geo 5	Geo 5	Geo 5
Other supporting and auxiliary transport services	Geo 5	~~Level~~Geo 25	~~Level~~Geo 2	~~Level 2~~
~~Travel~~	~~Level 2~~	~~Level 2~~	~~Level 2~~
~~Business travel~~	~~Level 2~~	~~Level 2~~	~~Level 2~~
—~~Expenditure by seasonal and border workers~~	~~Level 2~~	~~Level 2~~	~~Level 2~~5
—~~Other~~	~~Level 2~~	~~Level 2~~	~~Level 2~~
~~Personal travel~~	~~Level 2~~	~~Level 2~~	~~Level 2~~
—~~Health-related expenditure~~	~~Level 2~~	~~Level 2~~	~~Level 2~~
—~~Education-related expenditure~~	~~Level 2~~	~~Level 2~~	~~Level 2~~
—~~Other~~	~~Level 2~~	~~Level 2~~	~~Level 2~~
~~Communications services~~	~~Level 2~~	~~Level 2~~	~~Level 2~~
	Postal and courier services	Geo 5	~~Level~~Geo 25	~~Level~~Geo 25
Business travel	Geo 5	~~Level~~Geo 25	Geo 5
~~Telecommunications~~	Acquisition of goods and services by border, seasonal, and other short-term workers	Geo 5	~~Level~~Geo 25	~~Level~~Geo 25
Other business travel	Geo 5	~~Level~~Geo 25	Geo 5
Personal travel	Geo 5	Geo 5	Geo 5
Health-related expenditure	Geo 5	Geo 5	Geo 5
Education-related expenditure	Geo 5	Geo 5	Geo 5
Other personal travel	Geo 5	Geo 5	Geo 5
	Construction	Geo ~~services~~5	~~Level~~Geo 25	~~Level~~Geo 2	~~Level 2~~5
	Construction abroad	Geo 5	~~Level~~Geo 25	~~Level~~Geo 2	~~Level 2~~5
	Construction in the ~~compiling~~reporting economy	Geo 5	~~Level~~Geo 25	~~Level~~Geo 2	~~Level 2~~5
	Insurance ~~services~~	~~Level 2~~	~~Level 2~~	~~Level 2~~
~~Life insurance~~ and pension ~~funding~~services	Geo 5	~~Level~~Geo 25	~~Level~~Geo 2	~~Level 2~~5
Direct insurance	Geo 5	Geo 5	Geo 5
Life insurance	Geo 5	Geo 5	Geo 5
Freight insurance	Geo 5	~~Level~~Geo 25	~~Level~~Geo 2	~~Level 2~~5
	Other direct insurance	Geo 5	~~Level~~Geo 25	~~Level~~Geo 2	~~Level 2~~5
Reinsurance	~~Reinsurance~~Geo 5	~~Level~~Geo 25	~~Level~~Geo 2	~~Level 2~~5
	Auxiliary insurance services	Geo 5	~~Level~~Geo 25	~~Level~~Geo 25
Pension and standardised guarantee services	Geo 5	~~Level~~Geo 25	Geo 5
Pension services	Geo 5	Geo 5	Geo 5
Standardised guarantee services	Geo 5	Geo 5	Geo 5
	Financial services	Geo 5	~~Level~~Geo 25	~~Level~~Geo 25
Explicitly charged and other financial services	Geo 5	~~Level~~Geo 25	Geo 5
Financial intermediation service indirectly measured (FISIM)	Geo 3	Geo 3	Geo 3
Charges for the use of intellectual property n.i.e.	Geo 5	Geo 5	Geo 5
	~~Computer~~Telecommunications, computer, and information services	Geo 5	~~Level~~Geo 25	~~Level~~Geo 25
Telecommunications services	Geo 5	~~Level~~Geo 25	Geo 5
	Computer services	Geo 5	~~Level~~Geo 25	~~Level~~Geo 2	~~Level 2~~5
	Information services	Geo 5	~~Level~~Geo 25	~~Level~~Geo 2	~~Level 2~~5
—	News agency services	Geo 5	~~Level~~Geo 25	~~Level~~Geo 2	~~Level 2~~5
—	Other information ~~provision~~services	Geo ~~services~~5	~~Level~~Geo 25	~~Level~~Geo 2	~~Level 2~~
~~Royalties and licence fees~~	~~Level 2~~	~~Level 2~~	~~Level 2~~
~~Franchises and similar rights~~	~~Level 2~~	~~Level 2~~	~~Level 2~~
~~Other royalties and license fees~~	~~Level 2~~	~~Level 2~~	~~Level 2~~5
	Other business services	Geo 5	~~Level~~Geo 25	~~Level~~Geo 2	~~Level 2~~5
~~Merchanting~~	Research and ~~other trade-related~~development services	Geo 5	~~Level~~Geo 25	~~Level~~Geo 2	~~Level 2~~
—~~Merchanting~~	~~Level 2~~	~~Level 2~~	~~Level 2~~5
Work undertaken on a systematic basis to increase the stock of knowledge	—~~Other~~Geo ~~trade-related services~~5	~~Level~~Geo 25	~~Level~~Geo 2	~~Level 2~~
~~Operational leasing services~~	~~Level 2~~	~~Level 2~~	~~Level 2~~5
~~Miscellaneous~~	Provision ~~business,~~of ~~professional~~customised and ~~technical~~non-customised R&D services	Geo 5	~~Level~~Geo 25	~~Level~~Geo 25
Sale of proprietary rights arising from R&D	Geo 5	~~Level~~Geo 25	Geo 5
Other	—Geo 5	Geo 5	Geo 5
Professional and management consulting services	Geo 5	Geo 5	Geo 5
Legal, accounting, management consulting and public relations	Geo 5	~~Level~~Geo 25	~~Level~~Geo 2	~~Level 2~~5
—	Legal services	Geo 5	~~Level~~Geo 25	~~Level~~Geo 2	~~Level 2~~5
—	Accounting, auditing, bookkeeping and tax consulting services	Geo 5	~~Level~~Geo 25	~~Level~~Geo 2	~~Level 2~~5
—	Business and management consulting and public relations services	Geo 5	~~Level~~Geo 25	~~Level~~Geo 2	~~Level 2~~5
—	Advertising, market research, and public opinion polling	Geo 5	~~Level~~Geo 25	~~Level~~Geo 2	~~Level 2~~5
—~~Research~~	Technical, trade-related, and ~~development~~other business services	Geo 5	~~Level~~Geo 25	~~Level~~Geo 2	~~Level 2~~5
—	Architectural, engineering, scientific and other technical services	Geo 5	~~Level~~Geo 25	~~Level~~Geo 2	~~Level 2~~5
Architectural services	—~~Agricultural,~~Geo ~~mining~~5	Geo 5	Geo 5
Engineering services	Geo 5	Geo 5	Geo 5
Scientific and ~~on-site~~other ~~processing~~technical services	Geo 5	~~Level~~Geo 25	~~Level~~Geo 2	~~Level 2~~5
—	Waste treatment and ~~depollution~~de-pollution, agricultural and mining services	Geo 5	~~Level~~Geo 25	~~Level~~Geo 2	~~Level 2~~5
—~~Agricultural,~~	Of ~~mining~~which: Waste treatment and ~~other~~de-pollution	Geo ~~on-site processing services~~5	~~Level~~Geo 25	~~Level~~Geo 2	~~Level 2~~5
Operating leasing services	—Geo 5	Geo 5	Geo 5
Trade-related services	Geo 5	Geo 5	Geo 5
Other business services	~~Level 2~~	~~Level 2~~	~~Level 2~~
—~~Services between related enterprises,~~ not included elsewhere.	Geo 5	~~Level~~Geo 25	~~Level~~Geo 2	~~Level 2~~5
	Personal, cultural and recreational services	Geo 5	~~Level~~Geo 25	~~Level~~Geo 2	~~Level 2~~5
	Audiovisual and related services	Geo 5	~~Level~~Geo 25	~~Level~~Geo 2	~~Level 2~~5
	Other personal, cultural and recreational services	Geo 5	~~Level~~Geo 25	~~Level~~Geo 25
Health services	Geo 5	~~Level~~Geo 25	Geo 5
—	Education services	Geo 5	~~Level~~Geo 25	~~Level~~Geo 2	~~Level 2~~5
—~~Health~~	Heritage and recreational services	Geo 5	~~Level~~Geo 25	~~Level~~Geo 2	~~Level 2~~5
Other personal services	—~~Other~~Geo 5	~~Level~~Geo 25	~~Level~~Geo 2	~~Level 2~~5
	Government goods and services, n.i.e	Geo ~~(not included elsewhere)~~5	~~Level~~Geo 25	~~Level~~Geo 2	~~Level 2~~5
	Embassies and consulates	Geo 5	~~Level~~Geo 25	~~Level~~Geo 2	~~Level 2~~5
	Military units and agencies	Geo 5	~~Level~~Geo 25	~~Level~~Geo 2	~~Level 2~~5
	Other government goods and services	Geo 5	~~Level~~Geo 25	~~Level~~Geo 2	~~Level 2~~5

Table 4Foreign direct investments transactions (including income)

Table 4.1Direct Investment Financial TransactionsDeadlineT+9 monthsPeriodicityannualFirst reference period2013Mandatory from reference year 2015 onwardsALL RESIDENT UNITSRESIDENT SPECIAL PURPOSE ENTITIES

	Net	Net acquisition of financial assets	Net incurrence of liabilities
Direct investment abroad (DIA) – Transactions	Geo 6	Geo 5	Geo 5
DIA Equity other than reinvested earnings	Geo 5	Geo 5	Geo 5
DIA Equity other than reinvested earnings (excluding equity between fellow enterprises)	Geo 5	Geo 5	Geo 5
DIA Equity other than reinvested earnings between fellow enterprises (UCP is resident in the reporting country)	Geo 5	Geo 5	Geo 5
~~Memorandum~~DIA ~~items~~Reinvestment of earnings	Geo 5	Geo 5
DIA Debt instruments	Geo 5	Geo 5	Geo 5
DIA Debt instruments (excluding debt between fellow enterprises)	Geo 5	Geo 5	Geo 5
DIA Debt instruments between fellows (UCP is resident in the reporting country)	Geo 5	Geo 5	Geo 5
Direct investment in the reporting economy (DIRE) – Transactions	Geo 6	Geo 5	Geo 5
DIRE Equity other than reinvested earnings	Geo 5	Geo 5	Geo 5
DIRE Equity other than reinvested earnings (excluding equity between fellow enterprises)	Geo 5	Geo 5	Geo 5
DIRE Equity other than reinvested earnings between fellow enterprises (UCP is not resident in the reporting country)	Geo 5	Geo 5	Geo 5
Of which: UCP is resident in other euro area country	Geo 5
UCP is resident in the EU but outside euro area	~~Audiovisual~~Geo ~~transactions~~5	~~Level 1~~	~~Level~~
UCP 1is resident outside the EU	Geo 5
DIRE Reinvestment of earnings	Geo 5		Geo 5
DIRE Debt instruments	Geo 5	Geo 5	Geo 5
DIRE Debt instruments (excluding debt between fellow enterprises)	Geo 5	Geo 5	Geo 5
DIRE Debt instruments between fellows (UCP is not resident in the reporting country)	Geo 5	Geo 5	Geo 5
Of which: UCP is resident in other euro area country	Geo 5
UCP is resident in the EU but outside euro area	Geo 5
UCP is resident outside the EU	Geo 5
Direct investment abroad (DIA) - Transactions	Geo 5	Geo 5	Geo 5
Direct investment in the reporting economy (DIRE) – Transactions	Geo 5	Geo 5	Geo 5

Table 4.2Direct Investment IncomeDeadlineT+9 monthsPeriodicityannualFirst reference period2013Mandatory from reference year 2015 onwards.ALL RESIDENT UNITSRESIDENT SPECIAL PURPOSE ENTITIES

	Balance	Credit	Debit
Direct investment abroad (DIA) – Income	Geo 6	Geo 5	Geo 5
DIA Dividends	Geo 5	Geo 5	Geo 5
DIA Dividends (excluding dividends between fellow enterprises)	Geo 5	Geo 5	Geo 5
DIA Dividends between fellow enterprises (UCP is resident in the reporting country)	Geo 5	Geo 5	Geo 5
DIA Reinvested earnings	Geo 5	Geo 5
DIA Income on debt	Geo 5	Geo 5	Geo 5
DIA Income on debt (excluding income on debt between fellow enterprises)	Geo 5	Geo 5	Geo 5
DIA Income on debt between fellows (UCP is resident in the reporting country)	Geo 5	Geo 5	Geo 5
Direct investment in the reporting economy (DIRE) - Income	Geo 6	Geo 5	Geo 5
DIRE Dividends	Geo 5	Geo 5	Geo 5
DIRE Dividends (excluding dividends between fellow enterprises)	Geo 5	Geo 5	Geo 5
DIRE Dividends between fellow enterprises (UCP is not resident in the reporting country)	Geo 5	Geo 5	Geo 5
Of which: UCP is resident in other euro area country	Geo 5
UCP is resident in the EU but outside euro area	Geo 5
UCP is resident outside the EU	Geo 5
DIRE Reinvested earnings	Geo 5		Geo 5
DIRE Income on debt	Geo 5	Geo 5	Geo 5
DIRE Income on debt (excluding income on debt between fellow enterprises)	Geo 5	Geo 5	Geo 5
DIRE Income on debt between fellows (UCP is not resident in the reporting country)	Geo 5	Geo 5	Geo 5
Of which: UCP is resident in other euro area country	Geo 5
UCP is resident in the EU but outside euro area	Geo 5
UCP is resident outside the EU	Geo 5
Direct investment abroad (DIA) - Income	Geo 5	Geo 5	Geo 5
Direct investment in the reporting economy (DIRE) - Income	Geo 5	Geo 5	Geo 5

Table 4.3 -Activity and geographical breakdownDeadlineT+21 monthsPeriodicityannualFirst reference period2013Mandatory from reference year 2015 onwards.ALL RESIDENT UNITS

	Data type	Geographical breakdown	Activity breakdownNACE REV2
Direct investment abroad (DIA)	Net	Geo 5	Level 1
Direct investment abroad (DIA)	Net	~~Postal~~Geo ~~services~~	~~Level 1~~	~~Level 1~~	~~Level 1~~
~~Courier services~~	~~Level 1~~	~~Level 1~~	~~Level 1~~

4.~~Foreign Direct Investment (FDI) flows~~

~~Only the geographical breakdown.~~RESIDENT ~~required~~SPECIAL PURPOSE ENTITIES

~~BOP FDIDirect Investment Flows~~		~~Deadline: t + 9 monthsPeriodicity: YearFirst reference period: 2006~~
A	~~Geographical breakdown~~
	~~Item~~	~~Data type~~	~~Geographical breakdown~~	~~Activity breakdown~~
	~~Direct investment abroad~~
~~510~~	~~Equity capital~~	~~Net~~	Level 2	~~Not required~~
~~525~~	~~Reinvested earnings~~	~~Net~~	~~Level 2~~	~~Not required~~
~~530~~	~~Other capital~~	~~Net~~	~~Level 2~~	~~Not required~~
~~505~~	~~Direct investment abroad: Total~~	~~Net~~	~~Level 3~~	~~Not required~~
	Direct investment in the reporting economy (DIRE)	Net	Geo 5	Level 1
~~560~~	Direct investment in the reporting economy (DIRE)	Net	~~Equity~~Geo ~~capital~~	~~Net~~4	Level 2
~~Not~~Direct ~~required~~investment income	Credit, Debit, Balance	Geo 5	Level 1
~~Not~~Direct ~~required~~investment income	Credit, Debit, Balance	~~575~~	~~Reinvested~~Geo ~~earnings~~	~~Net~~4	Level 2	~~Not~~
~~580~~	~~Other~~	Direct ~~capital~~investment abroad (DIA)	Net	Geo 5	Level 2	~~Not required~~1
~~555~~		Direct investment in the reporting economy: ~~Total~~(DIRE)	Net	Geo 5	Level 3	~~Not required~~1
		Direct investment income	Credit, Debit, Balance	Geo 5	Level 1

Table 5Foreign direct investments positions

Table 5.1 –Direct Investment PositionsDeadlineT+9 monthsPeriodicityannualFirst reference period2013ALL RESIDENT UNITS

	Net	Assets	Liabilities
Direct investment abroad (DIA)	Geo 6	Geo 5	Geo 5
DIA Equity	Geo 5	Geo 5	Geo 5
DIA Equity (excluding equity between fellow enterprises)	Geo 5	Geo 5	Geo 5
DIA Equity between fellow enterprises (UCP is resident in the reporting country)	Geo 5	Geo 5	Geo 5
DIA Debt instruments	Geo 5	Geo 5	Geo 5
DIA Debt instruments (excluding debt between fellow enterprises)	Geo 5	Geo 5	Geo 5
DIA Debt instruments between fellows (UCP is resident in the reporting country)	Geo 5	Geo 5	Geo 5
Direct investment in the reporting economy (DIRE)	Geo 6	Geo 5	Geo 5
DIRE Equity	Geo 5	Geo 5	Geo 5
DIRE Equity (excluding equity between fellow enterprises)	Geo 5	Geo 5	Geo 5
DIRE Equity between fellow enterprises (UCP is not resident in the reporting country)	Geo 5	Geo 5	Geo 5
Of which: UCP is resident in other euro area country	Geo 5
UCP is resident in the EU but outside euro area	~~332~~	~~Dividends~~	~~Credit,~~Geo ~~debit, net~~	~~Level 2~~	~~Not required~~
~~333~~	~~Reinvested earning and undistributed branch profits~~	~~Credit, debit, net~~	~~Level 2~~	~~Not required~~
~~334~~	~~Income on debt~~	~~Credit, debit, net~~	~~Level 2~~	~~Not required~~
~~330~~	~~Direct investment income: Total~~	~~Credit, debit, net~~	~~Level 3~~	~~Not required~~

RESIDENT SPECIAL PURPOSE ENTITIES

~~BOP FDIDirect Investment Flows~~		~~Deadline: t + 21 monthsPeriodicity: YearFirst reference period: 2006~~
A	~~Geographical breakdown~~	5
UCP is resident outside the EU	Geo 5
~~Item~~DIRE Debt instruments	Geo 5	~~Data~~Geo ~~type~~5	~~Geographical~~Geo ~~breakdown~~5
DIRE Debt instruments (excluding debt between fellow enterprises)	Geo 5	~~Activity~~Geo ~~breakdown~~5	Geo 5
DIRE Debt instruments between fellows (UCP is not resident in the reporting country)	Geo 5	~~Direct~~Geo ~~investment abroad~~5	Geo 5
Of which: UCP is resident in other euro area country	Geo 5
UCP is resident in the EU but outside euro area	~~510~~Geo 5	~~Equity~~
UCP ~~capital~~is resident outside the EU	Geo 5
Direct investment abroad (DIA)	Geo 5	Geo 5	Geo 5
Direct investment in the reporting economy (DIRE)	Geo 5	Geo 5	Geo 5

Table 5.2:Direct Investment Positions: Activity and geographical breakdownDeadlineT+21 monthsPeriodicityannualFirst reference period2013ALL RESIDENT UNITSRESIDENT SPECIAL PURPOSE ENTITIES

	Data type	Geographical breakdown	Activity breakdown NACE REV2
Direct investment abroad (DIA)	Net positions	Geo 5	Level 1
Direct investment abroad (DIA)	Net positions	Geo 4	Level 2	~~Not required~~
~~525~~	~~Reinvested earnings~~	~~Net~~	~~Level 2~~	~~Not required~~
~~530~~	~~Other capital~~	~~Net~~	~~Level 2~~	~~Not required~~
~~505~~	~~Direct investment abroad: Total~~	~~Net~~	~~Level 3~~	~~Not required~~
	Direct investment in the reporting economy (DIRE)	Net positions	Geo 5	Level 1
~~560~~	Direct investment in the reporting economy (DIRE)	Net positions	~~Equity~~Geo ~~capital~~	~~Net~~4	Level 2	~~Not required~~
~~575~~	~~Reinvested earnings~~	~~Net~~	~~Level 2~~	~~Not required~~
~~580~~	~~Other capital~~	~~Net~~	~~Level 2~~	~~Not required~~
~~555~~	~~Direct investment in the reporting economy: Total~~	~~Net~~	~~Level 3~~	~~Not required~~
	~~Direct investment income~~
~~332~~	~~Dividends~~	~~Credit, debit, net~~	~~Level 2~~	~~Not required~~
~~333~~	~~Reinvested earning and undistributed branch profits~~	~~Credit, debit, net~~	~~Level 2~~	~~Not required~~
~~334~~	~~Income on debt~~	~~Credit, debit, net~~	~~Level 2~~	~~Not required~~
~~330~~	~~Direct investment income: Total~~	~~Credit, debit, net~~	~~Level 3~~	~~Not required~~
B	~~Activity breakdown~~
	~~Item~~	~~Data type~~	~~Geographical breakdown~~	~~Activity breakdown~~
~~505~~		Direct investment abroad: ~~Total~~(DIA)	Net positions	~~NetNet~~Geo 5	Level 1~~Level 2~~	~~Level 2Level 1~~
~~555~~		Direct investment in the reporting economy: ~~Total~~(DIRE)	Net positions	~~NetNet~~Geo 5	Level 1~~Level 2~~	~~Level 2Level 1~~
~~330~~	~~Direct investment income: Total~~	~~Credit, debit, netCredit, debit, net~~	~~Level 1Level 2~~	~~Level 2Level 1~~

5.~~Foreign~~Table ~~Direct~~6Geographical ~~Investment~~breakdown ~~(FDI) positions~~levels

~~Only~~Union Member States not in the ~~geographical~~euro area: individual breakdown.~~FDI~~ ~~positions~~by ~~as at~~ ~~31.12.2005~~ ~~will be transmitted in September 2007 pursuant to existing gentlemen’s agreements~~country.

~~BOP~~		GEO ~~POSDirect~~1	GEO ~~Investment~~2	GEO ~~Positions~~	~~Deadline: t + 9 monthsPeriodicity: YearFirst reference period: 2006~~
AREST OF THE WORLD	~~Geographical~~REST ~~breakdown~~OF THE WORLD			REST OF THE WORLD
	~~Item~~Intra euro area	~~Data~~INTRA ~~type~~	~~Geographical breakdown~~	~~Activity breakdown~~
	~~Direct investment assets~~
~~506~~	~~Equity capital and reinvested earnings~~	~~Net Positions~~	~~Level 1~~	~~Not required~~
~~530~~	~~Other capital~~	~~Net Positions~~	~~Level 1~~	~~Not required~~
~~505~~	~~Direct investment abroad: Total assets, net~~	~~Net Positions~~	~~Level 2~~	~~Not required~~
	~~Direct investment liabilities~~
~~556~~	~~Equity capital and reinvested earnings~~	~~Net Positions~~	~~Level 1~~	~~Not required~~
~~580~~	~~Other capital~~	~~Net Positions~~	~~Level 1~~	~~Not required~~
~~555~~	~~Direct investment in the reporting economy: Total liabilities, net~~	~~Net Positions~~	~~Level 2~~	~~Not required~~

~~The revised data on FDI positions as at~~ ~~31.12.2005~~ ~~will be transmitted in September 2008 pursuant to this Regulation.~~

~~BOP POSDirect Investment Positions~~		~~Deadline: t + 21 monthsPeriodicity: YearFirst reference period: 2006~~
A	~~Geographical breakdown~~			UNION
	~~Item~~Extra euro area	~~Data~~EXTRA ~~type~~	~~Geographical breakdown~~	~~Activity breakdown~~
	~~Direct investment assets~~
~~506~~	~~Equity capital and reinvested earnings~~	~~Net Positions~~	~~Level 2~~	~~Not required~~
~~530~~	~~Other capital~~	~~Net Positions~~	~~Level 2~~	~~Not required~~
~~505~~	~~Direct investment abroad: Total assets, net~~	~~Net Positions~~	~~Level 3~~	~~Not required~~
	~~Direct investment liabilities~~
~~556~~	~~Equity capital and reinvested earnings~~	~~Net Positions~~	~~Level 2~~	~~Not required~~
~~580~~	~~Other capital~~	~~Net Positions~~	~~Level 2~~	~~Not required~~
~~555~~	~~Direct investment in the reporting economy: Total liabilities, net~~	~~Net Positions~~	~~Level 3~~	~~Not required~~
B	~~Activity breakdown~~
	~~Item~~	~~Data type~~	~~Geographical breakdown~~	~~Activity breakdown~~
~~505~~	~~Direct investment abroad: Total assets, net~~	~~Net Positions~~	~~Level 1Level 2~~	~~Level 2Level 1~~
~~555~~	~~Direct investment in the reporting economy: Total liabilities, net~~	~~Net Positions~~	~~Level 1Level 2~~	~~Level 2Level 1~~

6.~~Geographical breakdown levels~~

~~Only for FDI.~~

~~Level 1~~		~~Level 2~~
A1	~~World (all entities)~~	A1	~~World (all entities)~~
V1	~~EU-27 (Intra-EU-27)~~	V1	~~EU-27 Intra-EU-27)~~
U4	~~Extra-euro-zone~~	U4	~~Extra-euro-zone~~
4A	~~European Union institutions~~	4A	~~European Union institutions~~
V2	~~Extra-EU-27~~	V2	~~Extra-EU-27~~UNION
		ISIntra euro area
		Extra euro area

GEO 4	GEO 5	GEO 6
REST OF THE WORLD	REST OF THE WORLD	REST OF THE WORLD
	EUROPE	EUROPE
Union Member States not in the euro area	Belgium	Belgium
	Bulgaria	Bulgaria
	Czech Republic	Czech Republic
	Denmark	Denmark
	Germany	Germany
	Estonia	Estonia
	Ireland	Ireland
	Greece	Greece
	Spain	Spain
	France	France
	Croatia	Croatia
	Italy	Italy
	Cyprus	Cyprus
	Latvia	Latvia
	Lithuania	Lithuania
	Luxembourg	Luxembourg
	Hungary	Hungary
	Malta	Malta
	Netherlands	Netherlands
	Austria	Austria
	Poland	Poland
	Portugal	Portugal
	Romania	Romania
	Slovenia	Slovenia
	Slovakia	Slovakia
	Finland	Finland
	Sweden	Sweden
	United Kingdom	United Kingdom
	Iceland	Iceland
		LILiechtenstein	Liechtenstein
		NONorway	Norway
CHSwitzerland	Switzerland	CHSwitzerland
	~~Switzerland~~OTHER EUROPEAN COUNTRIES	OTHER EUROPEAN COUNTRIES
		BG	~~Bulgaria~~Albania
		HR	~~Croatia~~Andorra
		RO	~~Romania~~
RU	~~Russian Federation~~	RU	~~Russian Federation~~Belarus
		TR	~~Turkey~~
		EG	~~Egypt~~
		MA	~~Morocco~~
		NG	~~Nigeria~~
		ZA	~~South Africa~~
CA	~~Canada~~	CA	~~Canada~~
US	~~United States of America~~	US	~~United States of America~~
		MX	~~Mexico~~
		AR	~~Argentina~~
BR	~~Brazil~~	BR	~~Brazil~~
		CL	~~Chile~~
		UY	~~Uruguay~~
		VE	~~Venezuela~~
		IL	~~Israel~~
CN	~~China~~	CN	~~China~~
HK	~~Hong Kong~~	HK	~~Hong Kong~~
IN	~~India~~	IN	~~India~~
		ID	~~Indonesia~~
JP	~~Japan~~	JP	~~Japan~~
		KR	~~South Korea~~
		MY	~~Malaysia~~
		PH	~~Philippines~~
		SG	~~Singapore~~
		TW	~~Taiwan~~
		TH	~~Thailand~~
		AU	~~Australia~~
		NZ	~~New Zealand~~
Z8	~~Extra-EU-27 non allocated~~	Z8	~~Extra-EU-27 non allocated~~
C4	~~Offshore financial centres~~	C4	~~Offshore financial centres~~

~~Provisional code that does not affect the definitive denomination of the country to be attributed after the conclusion of the negotiations currently taking place in the United Nations.~~

~~Level 3~~
7Z	~~International Organisations excluding European Union Institutions~~
AD	~~Andorra~~
AE	~~United Arab Emirates~~
AF	~~Afghanistan~~
AG	~~Antigua and Barbuda~~
AI	~~Anguilla~~
AL	~~Albania~~
AM	~~Armenia~~
AN	~~Netherlands Antilles~~
AO	~~Angola~~
AQ	~~Antarctica~~
AR	~~Argentina~~
AS	~~American Samoa~~
AT	~~Austria~~
AU	~~Australia~~
AW	~~Aruba~~
AZ	~~Azerbaijan~~
BA	Bosnia and Herzegovina
BB	~~Barbados~~
BD	~~Bangladesh~~
BE	~~Belgium~~
BF	~~Burkina Faso~~
BG	~~Bulgaria~~
BH	~~Bahrain~~
BI	~~Burundi~~
BJ	~~Benin~~
BM	~~Bermuda~~
BN	~~Brunei Darussalam~~
BO	~~Bolivia~~
BR	~~Brazil~~
BS	~~Bahamas~~
BT	~~Bhutan~~
BV	~~Bouvet Island~~
BW	~~Botswana~~
BY	~~Belarus~~
BZ	~~Belize~~
CA	~~Canada~~
CC	~~Cocos (Keeling)~~Faroe Islands
CD	~~Congo, the Democratic Republic of the~~
CF	~~Central African Republic~~
CG	~~Congo~~
CH	~~Switzerland~~
CI	~~Côte d'Ivoire~~
CK	~~Cook Islands~~
CL	~~Chile~~
CM	~~Cameroon~~
CN	~~China~~
CO	~~Colombia~~
CR	~~Costa Rica~~
CS	~~Serbia and Montenegro~~
CU	~~Cuba~~
CV	~~Cape Verde~~
CX	~~Christmas Island~~
CY	~~Cyprus~~
CZ	~~Czech Republic~~
DE	~~Germany~~
DJ	~~Djibouti~~
DK	~~Denmark~~
DM	~~Dominica~~
DO	~~Dominican Republic~~
DZ	~~Algeria~~
EC	~~Ecuador~~
EE	~~Estonia~~
EG	~~Egypt~~
ER	~~Eritrea~~
ES	~~Spain~~
ET	~~Ethiopia~~
FI	~~Finland~~
FJ	~~Fiji~~
FK	~~Falkland Islands (Malvinas)~~
FM	~~Micronesia, Federated States of~~
FO	~~Faeroe Islands~~
FR	~~France~~
GA	~~Gabon~~
GB	~~United Kingdom~~
GD	~~Grenada~~
GE	~~Georgia~~
GG	~~Guernsey (No official ISO 3166-1 country code, exceptionally reserved code elements)~~
GH	~~Ghana~~
GI	Gibraltar
GL	~~Greenland~~	Guernsey
GM	~~Gambia~~	Holy See (Vatican City State)
GN	~~Guinea~~
GQ	~~Equatorial Guinea~~
GR	~~Greece~~
GS	~~South Georgia and the South Sandwich Islands~~
GT	~~Guatemala~~
GU	~~Guam~~
GW	~~Guinea-Bissau~~
GY	~~Guyana~~
HK	~~Hong Kong~~
HM	~~Heard Island and McDonald Islands~~
HN	~~Honduras~~
HR	~~Croatia~~
HT	~~Haiti~~
HU	~~Hungary~~
ID	~~Indonesia~~
IE	~~Ireland~~
IL	~~Israel~~
IM	Isle of Man ~~(No official ISO 3166-1 country code, exceptionally reserved code elements)~~
IN	~~India~~	Jersey
IO	~~British Indian Ocean Territory~~
IQ	~~Iraq~~
IR	~~Iran, Islamic Republic of~~
IS	~~Iceland~~
IT	~~Italy~~
JE	~~Jersey (No official ISO 3166-1 country code, exceptionally reserved code elements)~~
JM	~~Jamaica~~
JO	~~Jordan~~
JP	~~Japan~~
KE	~~Kenya~~
KG	~~Kyrgyzstan~~
KH	~~Cambodia (Kampuchea)~~
KI	~~Kiribati~~
KM	~~Comoros~~
KN	~~St Kitts and Nevis~~
KP	~~Korea, Democratic People's Republic of (North Korea)~~
KR	~~Korea, Republic of (South Korea)~~
KW	~~Kuwait~~
KY	~~Cayman Islands~~
KZ	~~Kazakhstan~~
LA	~~Lao People's Democratic Republic~~
LB	~~Lebanon~~
LC	~~Saint Lucia~~
LI	~~Liechtenstein~~
LK	~~Sri Lanka~~
LR	~~Liberia~~
LS	~~Lesotho~~
LT	~~Lithuania~~
LU	~~Luxembourg~~
LV	~~Latvia~~
LY	~~Libyan Arab Jamahiriya~~
MA	~~Morocco~~
MD	~~Moldova, Republic of~~
ME	~~Montenegro~~
MG	~~Madagascar~~
MH	~~Marshall Islands~~
MK	Macedonia, the Former Yugoslav Republic of
ML		Moldova
		Montenegro
Russia	Russia	Russia
		Serbia
		San Marino
	Turkey	Turkey
		Ukraine
	AFRICA	AFRICA
	NORTH AFRICA	NORTH AFRICA
		Algeria
	Egypt	Egypt
		Libya
	Morocco	Morocco
		Tunisia
	OTHER AFRICAN COUNTRIES	OTHER AFRICAN COUNTRIES
		Angola
		Benin
		Botswana
		British Indian Ocean Territory
		Burkina Faso
		Burundi
		Cameroon
		Cape Verde
		Central African Republic
		Chad
		Comoros
		Congo
		Côte d’Ivoire
		Congo, the Democratic Republic of
		Djibouti
		Equatorial Guinea
		Eritrea
		Ethiopia
		Gabon
		Gambia
		Ghana
		Guinea
		Guinea-Bissau
		Kenya
		Lesotho
		Liberia
		Madagascar
		Malawi
		Mali
MM	~~Myanmar~~
MN	~~Mongolia~~
MO	~~Macao~~
MP	~~Northern Mariana Islands~~
MQ	~~Martinique~~
MR	Mauritania
MS	~~Montserrat~~
MT	~~Malta~~
MU	Mauritius
MV	~~Maldives~~
MW	~~Malawi~~
MX	~~Mexico~~
MY	~~Malaysia~~
MZ	Mozambique
NA		Namibia
NC	~~New Caledonia~~
NE	Niger
NF	~~Norfolk Island~~
NGNigeria	Nigeria
NI	~~Nicaragua~~South Africa	South Africa
NL	~~Netherlands~~
NO	~~Norway~~
NP	~~Nepal~~
NR	~~Nauru~~
NU	~~Niue~~
NZ	~~New Zealand~~
OM	~~Oman~~
PA	~~Panama~~
PE	~~Peru~~
PF	~~French Polynesia~~
PG	~~Papua New Guinea~~
PH	~~Philippines~~
PK	~~Pakistan~~
PL	~~Poland~~
PN	~~Pitcairn~~
PR	~~Puerto Rico~~
PS	~~Palestinian Territory, Occupied~~
PT	~~Portugal~~
PW	~~Palau~~
PY	~~Paraguay~~
QA	~~Qatar~~
RS	~~Serbia~~
RO	~~Romania~~
RU	~~Russian Federation~~
RW	Rwanda
SA	~~Saudi~~	St ~~Arabia~~Helena, Ascension and Tristan da Cunha
SB	~~Solomon~~	Sao ~~Islands~~Tome & Principe
SC		Senegal
		Seychelles
SD	~~Sudan~~
SE	~~Sweden~~
SG	~~Singapore~~
SH	~~St Helena~~
SI	~~Slovenia~~
SK	~~Slovakia~~
SL	Sierra Leone
SM	~~San Marino~~
SN	~~Senegal~~
SO	Somalia
SR	~~Suriname~~	Sudan
ST	~~Sao~~	South ~~Tome and Principe~~Sudan
SV		Swaziland
		Tanzania
		Togo
		Uganda
		Zambia
		Zimbabwe
	AMERICA	AMERICA
	NORTH AMERICAN COUNTRIES	NORTH AMERICAN COUNTRIES
Canada	Canada	Canada
		Greenland
United States	United States	United States
	CENTRAL AMERICAN COUNTRIES	CENTRAL AMERICAN COUNTRIES
		Anguilla
		Antigua and Barbuda
		Aruba
		Bahamas
		Barbados
		Belize
		Bermuda
		Bonaire, St. Eustatius and Saba
		Virgin Islands, British
		Cayman Islands
		Costa Rica
		Cuba
		Curaçao
		Dominica
		Dominican Republic
		El Salvador
SY	~~Syrian Arab Republic~~	Grenada
SZ	~~Swaziland~~	Guatemala
TC	~~Turks and Caicos Islands~~	Haiti
TD	~~Chad~~	Honduras
TG	~~Togo~~	Jamaica
TH	~~Thailand~~Mexico	Mexico
TJ	~~Tajikistan~~	Montserrat
TK	~~Tokelau~~	Nicaragua
TL	~~Timor Leste~~	Panama
TM	~~Turkmenistan~~	St Kitts and Nevis
TN	~~Tunisia~~	Saint Lucia
TO	~~Tonga~~	St. Maarten
TR	~~Turkey~~
TT	~~Trinidad and Tobago~~
TV	~~Tuvalu~~
TW	~~Taiwan, Province of China~~
TZ	~~Tanzania, United Republic of~~
UA	~~Ukraine~~
UG	~~Uganda~~
UM	~~United States Minor Outlying Islands~~
US	~~United States~~
UY	~~Uruguay~~
UZ	~~Uzbekistan~~
VA	~~Holy See (Vatican City State)~~
VC	St Vincent and the Grenadines
VE		Trinidad and Tobago
		Turks & Caicos Islands
		Virgin Islands, U.S
	SOUTH AMERICAN COUNTRIES	SOUTH AMERICAN COUNTRIES
	Argentina	Argentina
		Bolivia
Brazil	Brazil	Brazil
	Chile	Chile
		Colombia
		Ecuador
		Falkland Islands
		Guyana
		Paraguay
		Peru
		Suriname
	Uruguay	Uruguay
	Venezuela	Venezuela
VG	~~Virgin Islands, British~~ASIA	ASIA
VI	~~Virgin~~NEAR ~~Islands,~~AND USMIDDLE EAST COUNTRIES	NEAR AND MIDDLE EAST COUNTRIES
VN	~~Vietnam~~GULF ARABIAN COUNTRIES	GULF ARABIAN COUNTRIES
VU		Bahrain
		Iraq
		Kuwait
		Oman
		Qatar
		Saudi Arabia
		United Arab Emirates
		Yemen
	OTHER NEAR AND MIDDLE EAST COUNTRIES	OTHER NEAR AND MIDDLE EAST COUNTRIES
		Armenia
		Azerbaijan
		Georgia
		Israel
		Jordan
		Lebanon
		Palestinian Territory
		Syria
	OTHER ASIAN COUNTRIES	OTHER ASIAN COUNTRIES
		Afghanistan
		Bangladesh
		Bhutan
		Brunei Darussalam
		Burma/Myanmar
		Cambodia
China	China	China
Hong Kong	Hong Kong	Hong Kong
India	India	India
	Indonesia	Indonesia
		Iran
Japan	Japan	Japan
		Kazakhstan
		Kyrgyzstan
		Laos
		Macao
	Malaysia	Malaysia
		Maldives
		Mongolia
		Nepal
		North Korea
		Pakistan
	Philippines	Philippines
	Singapore	Singapore
	South Korea	South Korea
		Sri Lanka
	Taiwan	Taiwan
		Tajikistan
	Thailand	Thailand
		Timor-Leste
		Turkmenistan
		Uzbekistan
		Viet Nam
	OCEANIA & POLAR REGIONS	OCEANIA & POLAR REGIONS
		American Samoa
		Guam
		US Minor Outlying Islands
	Australia	Australia
		Cocos (Keeling Islands)
		Christmas Islands
		Heard Island and McDonald Islands
		Norfolk Island
		Fiji
		French Polynesia
		Kiribati
		Marshall Islands
		Micronesia
		Nauru
		New Caledonia
	New Zealand	New Zealand
		Cook Islands
		Niue
		Tokelau
		Northern Mariana Islands
		Palau
		Papua New Guinea
		Pitcairn
		Antarctica
		Bouvet Island
		South Georgia and South Sandwich Islands
		French Southern and Antarctic Lands
		Solomon Islands
		Tonga
		Tuvalu
		Vanuatu
WF		Samoa
		Wallis and Futuna
WSINTRA UNION	~~Samoa~~INTRA UNION	INTRA UNION
YEEXTRA UNION	~~Yemen~~EXTRA UNION	EXTRA UNION
YTIntra Euro Area	~~Mayotte~~Intra Euro Area	Intra Euro Area
ZAExtra Euro Area	~~South~~Extra ~~Africa~~Euro Area	Extra Euro Area
ZMUnion Institutions (excluding ECB)	~~Zambia~~Union Institutions (excluding ECB)	Union Institutions (excluding ECB)
ZWEuropean Investment Bank	~~Zimbabwe~~European Investment Bank	European Investment Bank
	European Central Bank (ECB)	European Central Bank (ECB)
	INTRA UNION NOT ALLOCATED	INTRA UNION NOT ALLOCATED
	EXTRA UNION NOT ALLOCATED	EXTRA UNION NOT ALLOCATED
Offshore financial centres	Offshore financial centres	Offshore financial centres
International Organisations (excluding Union Institutions)	International Organisations (excluding Union Institutions)	International Organisations (excluding Union Institutions)
International Monetary Fund (IMF)	International Monetary Fund (IMF)	International Monetary Fund (IMF).

Table 7.~~Activity~~Institutional sectors breakdown levels

Sec 1	Sec 2
Central bank (S.121)	Central bank (S.121)
Other Monetary Financial Institutions (oMFIs)	Other Monetary Financial Institutions (oMFIs)
Deposit-taking corporations except the central bank (S.122)	Deposit-taking corporations except the central bank (S.122)
Money market funds (S.123)	Money market funds (S.123)
General government (S.13)	General government (S.13)
Other sectors	Other sectors
	Financial corporations other than MFIs (S.124+S.125+S.126+S.127+S.128+S.129)
	Non-financial corporations, households and non-profit institutions serving households (S.11+S.14+S.15)

Table 8Economic activity breakdown level

Level 1	Level 2	NACE rev. 2
	AGRICULTURE, FORESTRY AND FISHING	sec A
MINING AND QUARRYING	MINING AND QUARRYING	sec B
	Extraction of crude petroleum, natural gas and mining support service activities	div 06, 09
MANUFACTURING	MANUFACTURING	sec C
	Food products, beverages and tobacco products	div 10, 11, 12
	TOTAL textiles & wood activities	div 13, 14, 16, 17, 18
	Textiles and wearing apparel	div 13, 14
	Wood, paper, printing and reproduction	div 16, 17, 18
Petroleum, chemicals, pharmaceutical products, rubber & plastic products	TOTAL petroleum, chemicals, pharmaceutical products, rubber & plastic products	div 19, 20, 21, 22
	Coke and refined petroleum products	div 19
	Chemicals and chemical products	div 20
	Rubber and plastic products	div 22
Computer, electronic and optical products	TOTAL metal & machinery products	div 24, 25, 26, 28
	Basic metals and fabricated metal products	div 24, 25
~~Computer, electronic and optical products~~	Computer, electronic and optical products	div 26
	Machinery and equipment n.e.c.	div 28
Vehicles, other transport equipment	TOTAL vehicles & other transport equipment	div 29, 30
	Motor vehicles, trailers and semi trailers	div 29
	Other transport equipment	div 30
	TOTAL of other manufacturing	div 15, 23, 27, 31, 32, 33
ELECTRICITY, GAS, STEAM ~~AND~~& AIR CONDITIONING SUPPLY	ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY	sec D
WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES	WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES	sec E
	Water collection, treatment and supply	div 36
	Sewerage, waste management, remediation activities	div 37, 38, 39
CONSTRUCTION	CONSTRUCTION	sec F
TOTAL SERVICES	TOTAL SERVICES	sec G, H, I, J, K, L, M, N O, P, Q, R, S, T, U
WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES	WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES	sec G
	Wholesale and retail trade and repair of motor vehicles and motorcycles	div 45
	Wholesale trade, except of motor vehicles and motorcycles	div 46
	Retail trade, except of motor vehicles and motorcycles	div 47
TRANSPORTATION AND STORAGE	TRANSPORTATION AND STORAGE	sec H
	TOTAL transport and storage	div 49, 50, 51, 52
	Land transport and transport via pipelines	div 49
	Water transport	div 50
	Air transport	div 51
	Warehousing and support activities for transportation	div 52
	Postal and courier activities	div 53
ACCOMMODATION AND FOOD SERVICE ACTIVITIES	ACCOMMODATION AND FOOD SERVICE ACTIVITIES	sec I
INFORMATION AND COMMUNICATION	INFORMATION AND COMMUNICATION	sec J
	Motion picture, video, television programme production, other entertainment activities	div 59, 60
	Telecommunications	div 61
	Other information and communication activities	div 58, 62, 63
FINANCIAL AND INSURANCE ACTIVITIES	FINANCIAL AND INSURANCE ACTIVITIES	sec K
	Financial intermediation, except insurance and pension funding	div 64
	Activities of holding companies	group 64,2
	Insurance, reinsurance and pension funding, except compulsory social security	div 65
	Other financial activities	div 66
	REAL ESTATE ACTIVITIES	sec L
PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES	PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES	sec M
	Legal and accounting activities	div 69
	Legal activities	group 69,1
	Accounting, bookkeeping and auditing activities; tax consultancy	group 69,2
	Activities of head offices; management consultancy activities	div 70
	Activities of head offices	group 70,1
	Management consultancy activities	group 70,2
	Architecture and engineering activities; technical testing and analysis	div 71
Scientific Research and development	Scientific Research and development	div 72
	Advertising and market research	div 73
	Advertising	group 73,1
	Market research and public opinion polling	group 73,2
	Other professional, scientific and technical activities, veterinary activities	div 74, 75
	ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES	sec N
	Rental and leasing activities	div 77
	Other administrative and support service activities	div 78, 79, 80, 81, 82
	EDUCATION	sec P
	HUMAN HEALTH AND SOCIAL WORK ACTIVITIES	sec Q
ARTS, ENTERTAINMENT AND RECREATION	ARTS, ENTERTAINMENT AND RECREATION	sec R
	Creative, arts and entertainment activities	div 90
	Libraries, archives, museums and other cultural activities	div 91
	Sporting and other recreational activities; gambling and betting activities	div 92, 93
	OTHER SERVICE ACTIVITIES	sec S
	Activities of membership ~~organizations~~organisations	div 94
	Repair of computers and personal and household goods, other personal service activities	div 95, 96
	Not allocated
	Private purchases and sales of real estate
TOTAL ACTIVITY	TOTAL ACTIVITY

ANNEX IIDEFINITIONS referred to in Article 10~~GOODS (CODE 100)~~The ~~goods~~following ~~component~~definitions ofare based on the IMF Balance of Payments ~~Current~~and ~~Account~~International Investment Positions Manual, Sixth Edition. (BPM6), the European System of Accounts, the Manual on Statistics on International Trade in Services 2010, the OECD Benchmark Definition of Foreign Direct Investment (BD4).A.CURRENT ACCOUNTThe current account shows flows of goods, services, primary and secondary income between residents and non-residents.1.GOODSThis component covers moveable goods for which a change of ownership (occurs between residents and non-residents.1.1.General merchandise on a balance of payments basisGeneral merchandise on a balance of payments (BOP) basis covers goods for which a change of economic ownership occurs between a resident and a non-resident and that are not included in other specific categories, such as goods under merchanting (see 1.2) and nonmonetary gold (see 1.3), or as part of a service. ~~These~~General ~~goods~~merchandise should be measured at market value on ana ~~f.o.b.~~free on board (FOB) basis. ~~Exceptions~~In the countries’ contribution to the ~~change~~compilation of ~~ownership~~Union ~~rule~~aggregates, ~~(transactions~~imports and exports of goods in ~~these~~quasi-transit ~~items~~trade ~~are~~have ~~recorded~~to inbe ~~goods) include: goods on financial lease, goods transferred between a parent enterprise~~included and ~~a branch~~, ~~and some goods~~ for ~~processing.~~intra-Union ~~Intra-EU Trade in Goods:~~trade, the partner country should be defined according to the consignment principle.1.2.Net Itexports ~~includes:~~of ~~general~~goods ~~merchandise~~under merchantingMerchanting is defined as the purchase of goods by a resident (of the compiling economy) from a non-resident, combined with the subsequent resale of the same goods to another non-resident without the goods being present in the compiling economy. Net exports of goods under merchanting represent the difference between sales over purchases of goods for ~~processing~~merchanting. This item includes merchants’ margins, ~~repairs~~holding ongains ~~goods~~and losses, and changes in inventories of goods ~~procured~~under merchanting.1.2.1.The goods acquired under merchanting are shown as a negative export/credit of the economy of the merchant.1.2.2.The sale of goods is shown under goods sold under merchanting as a positive export/credit of the economy of the merchant.1.3.Nonmonetary goldNonmonetary gold covers all gold other than monetary gold. Monetary gold is owned by monetary authorities and held as a Reserve asset (see 6.5.1). Nonmonetary gold can be in ~~ports~~the byform ~~carriers~~of bullion (i.e. coins, ingots, or bars with a purity of at least 995 parts per 1000, including such gold held in allocated gold accounts), gold powder, and ~~non~~gold in other unwrought or semi-~~monetary~~manufactured ~~gold~~forms.1.4.Branding - Quasi-transit trade adjustment~~SERVICES~~Quasi-transit trade is a term used to define goods imported into a Member State, cleared through customs for free circulation within the Union (~~CODE~~and ~~200~~submitted to import duties) by an entity that is not considered as a resident institutional unit, and are then dispatched to another Member State. Branding must be recorded by the Member States affected by the "quasi-transit trade" to report the gap between the value of General merchandise declared when the goods are initially imported from a third country and their value when dispatched to another Member State. The geographical breakdown should be compiled on the basis of the country of residence of the parent enterprise controlling the company that manages the customs procedure related to these goods in the reporting economy.~~Transportation (code 205)~~2.SERVICES~~Covers~~Services ~~all~~are ~~transportation~~the result of a production activity that changes the conditions of the consuming units, or facilitates the exchange of products or financial assets. Services are not generally separate items over which ownership rights can be established and cannot generally be separated from their production.2.1.Manufacturing services on physical inputs owned by othersManufacturing services on physical inputs owned by others covers processing, assembly, labelling, packing, and so forth undertaken by enterprises that do not own the goods concerned. The manufacturing is undertaken by an entity that receives a fee from the owner. Since the ownership of the goods does not change, no general merchandise transaction is recorded between the processor and the owner. The value of fees charged for manufacturing on physical inputs owned by others is not necessarily the same as the difference between the value of goods sent for processing and the value of goods after processing. Excluded are the assembly of prefabricated construction (included in Construction) and labelling and packaging incidental to transport (included in Transport).2.2.Maintenance and repair services not included elsewhereMaintenance and repair services not included elsewhere cover maintenance and repair work by residents on goods that are owned by non-residents (and vice versa). The repairs may be performed at the site of the repairer or elsewhere. The value of maintenance and repairs includes any parts or materials supplied by the repairer and included in the charges. Parts and materials charged separately should be included in general merchandise. Repairs and maintenance on ships, aircraft, and other transport equipment are included in this item. Cleaning of transport equipment is excluded as it is included in Transport services. Construction maintenance and repairs are excluded as they are included under Construction. Maintenance and repairs of computers are excluded as they are included under Computer services.2.3.TransportTransport is the process of carriage of people and objects from one location to another as well as related supporting and auxiliary services. Transport also includes postal and courier services. Transport services are recorded in balance of payments when provided by residents of one economy for the benefit of those of another. ~~and~~Transport ~~that~~can ~~involve~~be ~~the~~classified ~~carriage~~according to:(a)mode of ~~passengers~~transport, ~~the~~namely ~~movement of goods (freight)~~sea, ~~rentals~~air, ~~(charters)~~or ofother. ~~carriers~~"Other" ~~with~~may ~~crew~~be further broken down into rail, road, internal waterway, pipeline, and ~~related~~space transport, as well as electricity transmission;(b)what is carried, namely passengers or freight or other (which covers supporting and auxiliary services like loading and unloading of containers, storage and warehousing, packing and repackaging, cleaning of transport equipment performed in ports and airports).2.3.1.Sea transport ~~(code 206)Covers~~Cover all transportation services by sea. ~~The following~~A breakdown is required: for Passenger ~~Sea~~sea ~~Transport (code 207);~~transport, Freight ~~Sea~~sea ~~Transport (code 208),~~transport and Other ~~Sea~~sea ~~Transport (code 209)~~transport.2.3.2.Air transport ~~(code 210)Covers~~Cover all transportation services provided by air. ~~The following~~A breakdown is required: for Passenger ~~Air~~air ~~Transport (code 211);~~transport, Freight ~~Air~~air ~~Transport (code 212),~~transport and Other ~~Air~~air ~~Transport (code 213)~~transport.2.3.3.Other modes of transport ~~(code 214)Covers~~Cover all transportation services not provided by sea or air. ~~The following~~A breakdown is required: for Passenger ~~on Other Transport (code 215);~~, Freight ~~on Other Transport (code 216),~~ and Other. ~~on Other Transport (code 217).~~An extended classification for Other ~~Transport (code 214)~~transport is required as follows:2.3.3.1.Space transport ~~(code 218)Includes~~includes satellite launches undertaken by commercial enterprises for the owners of the satellites (such as telecommunication enterprises) and other operations performed by operators of space equipment, such as transport of goods and people for scientific experiments. Also included, is space passenger transport and ~~the~~ payments made by an economy in order to have its residents included on the space vehicles of another economy.2.3.3.2.Rail transport ~~(code 219)Covers~~covers transport by ~~train~~trains. A further ~~subdivision~~sub-division between Passenger ~~Rail Transport (code 220)~~rail, Freight ~~Rail Transport (code 221)~~rail and Other ~~rail transport (code 222)~~ is required.2.3.3.3.Road transport ~~(code 223)Covers~~covers transport by lorries, trucks, buses and coaches. A further ~~subdivision~~sub-division between Passenger ~~Road~~road ~~Transport (code 224)~~transport, Freight ~~Road~~road ~~Transport (code 225)~~transport and Other ~~Road~~road ~~Transport (code 226)~~transport is required.2.3.3.4.Inland ~~Waterway~~waterway ~~Transport~~transport ~~(code 227)Relates~~relates to international transportation on rivers, canals and lakes. Included are waterways that are internal to one country and those that are shared among two or more countries. A further ~~subdivision~~sub-division between Passenger ~~Inland~~inland ~~Waterway~~waterway Transport ~~(code 228)~~, Freight ~~Inland~~inland ~~Waterway~~waterway ~~Transport (code 229)~~transport and Other ~~Inland~~inland ~~Waterway~~waterway ~~Transport (code 230)~~transport is required.2.3.3.5.Pipeline ~~Transport~~transport ~~and Electricity Transmission (code 231)Covers~~covers international transport of goods in pipelines, such as the transport of petroleum and related products, water and gas. ~~Also~~Excluded are distribution services, typically from substations to the consumer (included in Other business services n.i.e.) and the value of the products transported (included in General merchandise).2.3.3.6.Electricity transmission comprises services for transmission of electric energy at high voltage over an interconnected group of lines and associated equipment between points of supply and the points at which it is transformed to low voltage for delivery to consumers or delivery to other electric systems. Included are charges for the transmission of electricity when this is separate from the production and distribution process. The provision of electricity itself is excluded~~, as is the provision of petroleum and related products, water and other goods supplied through pipelines~~. Also excluded are distribution services of electricity~~, water, gas and other petroleum products~~ (included in Other ~~Business~~business ~~Services~~services, ~~(code~~Other ~~284)~~business services n.i.e.).~~Other Supporting and Auxiliary Transport Services (code 232)~~2.3.3.7.Other supporting and auxiliary transport services ~~covers~~cover all other transportation services that cannot be allocated to any of the components of transportation services described above.2.3.4.Postal and courier servicesPostal and courier services cover the pick-up, transport, and delivery of letters, newspapers, periodicals, brochures, other printed matter, parcels, and packages, including post office counter and mailbox rental services.2.4.Travel ~~(code 236)~~Travel ~~covers~~credits ~~primarily the~~cover goods and services for own use or to give away, acquired from an economy by ~~travellers~~non-residents during visits ~~of less than one year~~ to that economy. ~~The~~Travel debits cover goods and services ~~are purchased by, or on behalf of, the traveller or provided, without a quid pro quo (that is, are provided as a gift),~~ for ~~the traveller to~~own use or to give away, acquired from other economies by residents during visits to these other economies. ~~Excluded~~Travel ~~are~~includes ~~transportation~~local oftransport ~~travellers~~(i.e. transport within the ~~economies that they are visiting, where such transportation is provided by carriers not resident in the particular~~ economy being visited and provided by a resident of that economy), asbut ~~well as the~~excludes international ~~carriage~~transport ~~of travellers, both of~~ (which ~~are~~is ~~covered~~included in ~~passenger~~Passenger ~~services under transportation~~transport). Also excluded are goods purchased by a traveller for resale in the traveller’s own economy or in any other economy. Travel is divided in two ~~subcomponents~~main sub-components: Business ~~Travel (code 237)~~travel and Personal ~~Travel (code 240)~~travel.2.4.1.Business ~~Travel (code 237)~~travelBusiness travel covers the acquisition of goods and services by business travellers. Also includes the acquisition of goods and services for personal use by seasonal, border and other workers who are not resident in the economy in which they are employed ~~and whose employer is resident in that economy~~. Business travel is further ~~divided~~disaggregated into ~~Expenditure~~Acquisition of goods and services by ~~seasonal~~border and ~~border~~seasonal or other short-term workers ~~(code 238)~~ and Other ~~Business~~business ~~Travel~~travel.2.4.1.1.Acquisition ~~(code~~of ~~239).Expenditure~~goods and services by border, seasonal, and ~~border~~other short-term workers ~~(code 238)Includes~~includes the acquisition of goods and services for personal use by seasonal, border and other workers, who are not resident in the economy in which they are employed and whose employer is resident in that economy.2.4.1.2.Other ~~Business~~business ~~Travel~~travel ~~(code 239)Covers~~covers all Business ~~Travel~~travel ~~(code 237)~~expenditure not ~~included in Expenditure~~made by ~~seasonal and~~ border workers ~~(code~~and ~~238)~~seasonal or other short-term workers.2.4.2.Personal ~~Travel (code 240)~~travelPersonal travel covers goods and services acquired by travellers going abroad for purposes other than business, such as holidays, participation in recreational and cultural activities, visits with friends and relations, pilgrimage, and education- and health-related purposes. Personal travel ~~(code 240)~~ is divided in three ~~subcomponents~~sub-components: Health-related ~~Expenditure (code 241)~~expenditure, Education-related ~~Expenditure (code 242)~~expenditure and Other ~~Personal~~personal ~~Travel (code 243~~travel).2.4.2.1.Health-related ~~Expenditure (code 241)~~Itexpenditure is defined as the total expenditure by those travelling for medical reasons.2.4.2.2.Education-related expenditure ~~(code 242)~~It is defined as the total expenditure by students.2.4.2.3.Other ~~Personal~~personal ~~Travel~~travel ~~(code 243)Covers~~covers all Personal ~~Travel (code 240)~~travel not included in Health-related ~~Expenditure (code 241)~~expenditure or Education-related ~~Expenditure (code 242)~~expenditure.~~Other services (code 981)~~2.5.Construction~~All~~Construction ~~Services~~covers ~~(code~~the ~~200)~~creation, ~~not~~renovation, ~~included~~repair, or extension of fixed assets in ~~Transportation~~the ~~(code~~form ~~205)~~of orbuildings, ~~Travel~~land ~~(code~~improvements ~~236).Communication~~of ~~services~~an ~~(code~~engineering ~~245)Comprises Postal~~nature, and ~~Courier~~other ~~Services~~engineering constructions (~~code~~including ~~246~~roads, bridges, dams, etc). It includes related installation and ~~Telecommunication~~assembly ~~Services~~work, ~~(code~~site ~~247).Postal~~preparation and ~~Courier~~general ~~Services~~construction, ~~(code 246)Comprises Postal Services (code 958) and Courier Services (code 959).Postal Services (code 958)Includes~~ ~~poste restante~~specialised services~~, telegram services and post office counter services,~~ such as ~~sales~~painting, plumbing, and demolition, and management of ~~stamps,~~construction ~~money orders etc~~projects. ~~Postal~~The construction contracts covered in international trade in services are ~~often,~~generally ~~but~~of ~~not~~a ~~exclusively,~~short-term ~~supplied~~nature. A large-scale construction project contracted by ~~national~~a ~~postal~~non-resident ~~administrations.~~enterprise ~~Postal~~that ~~services~~takes ~~are~~a ~~subject~~year or more to ~~international~~be ~~agreements,~~completed will usually give rise to a resident branch.Construction can be disaggregated into Construction abroad and ~~the flows between operators of different economies should be recorded on a gross basis.Courier Services (code 959)~~Courier services focuses on express and door-to-door delivery. Couriers may use self-owned, privately shared or public transportation to supply these services. Included are express delivery services, which might include, for example, on-demand pick-up or time-definite delivery.~~Telecommunications Services (code 247)~~Encompasses the transmission of sound, images or other information by telephone, telex, telegram, radio and television cable and broadcasting, satellite, electronic mail, facsimile services etc., including business network services, teleconferencing and support services. It does not include the value of the information transported. Also included are cellular telephone services, Internet backbone services and online access services, including provision of access to the Internet.~~Construction Services (code 249)Comprises Construction Abroad (code 250) and~~ Construction in the ~~Compiling~~compiling ~~Economy (code 251)~~economy.2.5.1.Construction abroadConstruction ~~Abroad~~abroad ~~(code 250)Comprises~~comprises the construction services provided to non-residents by enterprises resident in the compiling economy (credit/exports) and the goods and services purchased in the host economy by these enterprises (debit/imports).2.5.2.Construction in the compiling economyConstruction in the ~~Compiling~~compiling ~~Economy~~economy ~~(code 251)Comprises~~comprises construction services provided to residents of the compiling economy by non-resident construction enterprises (debit) and the goods and services purchased in the compiling economy by these non-resident enterprises (credit).2.6.Insurance and pension servicesInsurance ~~Services~~and ~~(code~~pension ~~253)Covers~~services ~~the~~comprises: ~~provision~~Direct ofinsurance, ~~various~~Reinsurance, ~~types of~~Auxiliary insurance toservices, ~~non-residents~~Pension byand ~~resident~~standardised guarantee services. Direct insurance ~~enterprises~~is further broken down in Life, Freight and ~~vice~~Other ~~versa~~direct insurance. Pension and standardised guarantees are further broken down into pension services and standardised guarantee services. These services are estimated or valued by the ~~service~~ charges included in total premiums rather than by the total value of the premiums. ~~It comprises~~ 2.6.1.Life insurance ~~and pension funding (code 254), Freight insurance (code 255), Other direct insurance (code 256), Reinsurance (code 257) and Auxiliary services (code 258)Life Insurance and Pension Funding (code 254)~~Holders of life insurance policies~~, both with profit and without profit,~~ make regular payments to an insurer (there may be just a single payment), in return for which the insurer guarantees to pay the policy holder an agreed minimum sum or an annuity, at a given date or at the death of the policy holder, if this occurs earlier. Term life insurance, where benefits are provided in the case of death but in no other circumstances, is ~~a form of direct insurance, and is~~ excluded here and included in Other direct insurance ~~(code 256)~~.Pension funds are separate funds established for the purpose of providing income on retirement for specific groups of employees. They are organised and directed by private or public employers or jointly by employers and their employees. They are funded by contributions from the employer and/or the employees and by the investment income earned on fund assets, and they also engage in financial transactions on their own account. They do not include social security schemes organised for large sections of the community that are imposed, controlled or financed by general government. Pension fund management services are included. In the case of pension funds, "premiums" are generally described as "contributions", while "claims" are generally described as "benefits"2.6.2.Freight ~~Insurance (code 255)~~insuranceFreight insurance services relate to insurance provided on goods that are in the process of being exported or imported, on a basis that is consistent with the measurement of goods f.o.b. and freight transportation.2.6.3.Other ~~Direct~~direct ~~Insurance (code 256)~~insuranceOther direct insurance covers all other forms of casualty insurance. Included are term life insurance; accident and health insurance (unless these are provided as part of government social security schemes); marine, aviation and other transport insurance,; fire and other property damage,; pecuniary loss insurance,; general liability insurance; and other insurance, such as travel insurance and insurance related to loans and credit cards.2.6.4.Reinsurance ~~(code 257)~~Reinsurance is the process of subcontracting parts of the insurance risk, often to specialised operators, in return for a proportionate share of the premium income. Reinsurance transactions may relate to packages that mix several types of risks.2.6.5.Auxiliary ~~Services~~insurance ~~(code 258)~~services~~Comprises~~Comprise transactions that are closely related to insurance and pension fund operations. Included are agents’ commissions, insurance brokering and agency services, insurance and pension consultancy services, evaluation and adjustment services, actuarial services, salvage administration services, and regulatory and monitoring services on indemnities and recovery services.2.6.6.Pension servicesPension services cover the services provided by funds established to provide income on retirement and benefits for death or disability, for specific groups of employees by the government or by insurance corporations on behalf of employees.2.6.7.Standardised guarantee servicesStandardised guarantee services are services related to standardised guarantee schemes. They are arrangements where one party (the guarantor) undertakes to cover the losses of the lender in the event that the borrower defaults. Examples include export credit and student loan guarantees.2.7.Financial ~~Services (code 260)~~servicesFinancial services ~~covers~~cover ~~financial intermediation~~intermediary and auxiliary services, except ~~those of life~~ insurance ~~enterprises~~ and pension ~~funds~~fund ~~(which~~services, usually provided by banks or other financial corporations.2.7.1.Explicitly charged and other financial servicesServices are charged for by explicit charges in the case of many financial services and require no special calculation. They include fees for deposit-taking and lending, fees for one-off guarantees, early or late repayment fees or penalties, account charges, fees related to letters of credit, credit card services, commissions and charges related to financial leasing, factoring, underwriting, and clearing of payments. Also included are financial advisory services, custody of financial assets or bullion, financial asset management, monitoring services, liquidity provision services, risk assumption services other than insurance, merger and acquisition services, credit rating services, stock exchange services and trust services. Dealers in financial instruments may charge, in full or part, for their services by having a spread between their buying and selling prices. Margins on buying and selling transactions are included in ~~life~~explicitly ~~insurance and pension funding)~~charged and other ~~insurance~~financial services.2.7.2.Financial intermediation services indirectly measured (FISIM)Actual interest can be considered as including both an income element and a charge for a service. Lenders and deposit-takers operate by providing rates of interest to their depositors that are ~~conducted~~lower ~~between~~than ~~residents~~the rates that they charge to their borrowers. The resulting interest margins are used by the financial corporations to defray their expenses and ~~non-residents~~to provide an operating surplus. ~~Such~~By ~~services~~convention, ~~may~~these beindirect charges in respect of interest apply only to loans and deposits and only when those loans and deposits are provided by ~~banks~~, ~~stock~~or ~~exchanges~~deposited with, ~~factoring~~financial ~~enterprises~~corporations.2.8.Charges for the use of intellectual property not included elsewhereCharges for the use of intellectual property not included elsewhere include:(a)Charges for the use of proprietary rights (such as patents, ~~credit~~trademarks, ~~card~~copyrights, ~~enterprises~~industrial processes and ~~other~~designs ~~enterprises~~including trade secrets and franchises). ~~Included~~These ~~are~~rights ~~services~~can ~~provided~~arise infrom ~~connection~~research ~~with~~and ~~transactions in financial instruments~~development, as well as ~~other~~from ~~services~~marketing; ~~related~~and(b)Charges for licences to ~~financial~~reproduce ~~activity,~~or distribute intellectual property embodied in produced originals or prototypes (such as ~~advisory,~~copyrights ~~custody~~on books and ~~asset~~manuscripts, ~~management~~computer ~~services~~software, cinematographic works and sound recordings) and related rights (such as for live performances and television, cable, or satellite broadcast).2.9.Telecommunication, computer and information servicesComputer and ~~Information~~telecommunication ~~Services~~services ~~(code~~are ~~262)~~defined in terms of the nature of the service, not the method of delivery.2.9.1.Telecommunications services~~Comprises~~Telecommunications ~~Computer~~services ~~Services~~encompass ~~(code~~the ~~263)~~transmission of sound, images or other information by telephone, telex, telegram, radio and television cable and broadcasting, satellite, electronic mail, facsimile services etc., including business network services, teleconferencing and support services. They do not include the value of the information transported. Also included are mobile telecommunication services, Internet backbone services and on-line access services, including provision of access to the Internet. Excluded are installation services for telephone network equipment as they are included in Construction and database services (included in Information ~~Services (code 264~~services).2.9.2.Computer ~~Services (code 263)~~services~~Consists~~Consist of hardware and/or software-related services and data-processing services. ~~Included~~Also included are hardware and software consultancy and implementation services; maintenance and repair of computers and peripheral equipment; disaster recovery services, provision of advice and assistance on matters related to the management of computer resources; analysis, design and programming of systems ready to use (including web page development and design), and technical consultancy related to software; licences to use non-customised software; development, production, supply and documentation of customised software, including operating systems made on order for specific users; systems maintenance and other support services, such as training provided as part of consultancy; data-processing services, such as data entry, tabulation and processing on a time-sharing basis; web page hosting services (i.e., the provision of server space on the Internet to host clients’ web pages); and computer facilities management.~~Information~~ ~~Services~~Excluded ~~(code~~are ~~264)Comprises~~charges ~~News~~for ~~Agency~~licences ~~Services~~to ~~(code 889)~~reproduce and/or ~~Other~~distribute ~~information~~software ~~provision~~which ~~services~~are ~~(code~~included ~~890)~~in Charges for the use of intellectual property. Leasing of computers without an operator is included in Operating leasing.~~News~~2.9.3.Information ~~Agency Services (code 889)~~servicesComprises: News agency services and Other information services.2.9.3.1.News agency services include the provision of news, photographs, and feature articles to the media.2.9.3.2.Other information ~~provision~~services ~~services (code 890)Includes~~include database services - (database conception, data storage and the dissemination of data and databases, (including directories and mailing lists) -, both online and through magnetic, optical or printed media; and web search portals (search engine services that find internet addresses for clients who input keyword queries). Also included are direct, non-bulk subscriptions to newspapers and periodicals, whether by mail, electronic transmission or other means; other online content provision services; and library and archive services. Bulk newspapers and periodicals are included under general merchandise. Downloaded content that is not software (included in Computer services) or audio and video (included in Audiovisual and related services) is included in information services.2.10.Other business services~~Royalties~~This includes: Research and ~~licence~~development ~~fees~~services, ~~(code 266)Comprises Franchises~~Professional and ~~similar~~management ~~rights~~consulting ~~(code~~services, ~~891)~~Technical, trade-related, and Other ~~royalties~~business services.2.10.1.Research and ~~licence~~development ~~fees (code 892).~~services~~Franchises~~Research and ~~similar~~development services consist of services that are associated with basic research, applied research, and experimental development of new products and processes. In principle, such activities in the physical sciences, social sciences, and humanities are covered within this category, including the development of operating systems that represent technological advances. Also included is commercial research related to electronics, pharmaceuticals, and biotechnology.This comprises: 1) Work undertaken on a systematic basis to increase the stock of knowledge and 2) Other research and development services.2.10.1.1.Work undertaken on a systematic basis to increase the stock of knowledge comprise: a) Provision of customised and non-customised research & development services and b) Sale of proprietary rights arising from research & development.2.10.1.1.a.Provision of customised and non-customised research and development services covers the provision of research and development services that are made-to order (customised) and development of non-customised research and development, excluding sales of proprietary rights (~~code~~included ~~891~~in 2.10.1.1.b)~~Comprises international payments~~, and ~~receipts~~sales ofrelated ~~franchising~~to ~~fees~~licences ~~and~~to ~~the~~reproduce ~~royalties~~or ~~paid~~use (included in Charges for the use of ~~registered~~intellectual ~~trademarks~~property).~~Other royalties and licence fees (code 892)Includes international payments and receipts for the authorised use~~2.10.1.1.b.Sale of ~~intangible, non-produced, non-financial assets and~~ proprietary rights ~~(such~~arising asfrom ~~patents, copyrights~~research and ~~industrial~~development comprises Patents, Copyrights arising from research and development, Industrial processes and designs (including trade secrets).2.10.1.2.Other research and ~~the~~development ~~use~~services include other product/process development activities.2.10.2.Professional and management consulting servicesProfessional and management consulting services include: 1) Legal services, ~~through licensing agreements~~accounting, ofmanagement ~~produced originals or prototypes (such as manuscripts~~consulting, ~~computer~~managerial ~~programs~~services, and ~~cinematographic~~public ~~works~~relations services; and ~~sound~~2) ~~recordings).Other business services (code 268)Comprises Merchanting and other trade-related services (code 269)~~Advertising, ~~Operational~~market ~~leasing services (code 272) and Miscellaneous business, professional~~research, and ~~technical~~public opinion polling services ~~(code 273)~~.2.10.2.1.~~Merchanting and other trade-related services (code 269)Comprise Merchanting (code 270) and Other trade-related services (code 271)Merchanting (code 270)~~Merchanting is defined as the purchase of a good by a resident of the compiling economy from a non-resident and the subsequent resale of the good to another non-resident; during the process, the good does not enter or leave the compiling economy.~~Other trade-related services (code 271)Covers commissions on goods and service transactions between (a) resident merchants, commodity brokers, dealers, and commission agents and (b) non-residents.Operational leasing services (code 272)Covers resident/non-resident leasing (rental) and charters, without operators, of ships, aircraft and transportation equipment, such as railway cars, containers and rigs, without crew.Miscellaneous business, professional, and technical services (code 273)Comprises~~ Legal, accounting, management consulting, and public relations (code 274), Advertising, market research and public opinion polling (code 278), Research and development (code 279), Architectural, engineering and other technical services (code 280), Agricultural, mining, and on-site processing services (code 281), Other business services (code 284comprises:a) ~~and Services between related enterprises, n.i.e. (code 285).Legal, accounting, management consulting, and public relations (code 274)Comprises~~ Legal services; ~~(code~~b) ~~275),~~ Accounting, auditing, bookkeeping and tax ~~consultancy~~consulting services; ~~(code 276~~c) ~~and~~ Business and management consulting and public relations services ~~(code 277)~~.2.10.2.1.a.Legal services ~~(code 275)Covers~~cover legal advisory and representation services in any legal, judicial and statutory procedures,; drafting services of legal documentation and instruments,; certification consultancy; and escrow and settlement services.2.10.2.1.b.Accounting, auditing, bookkeeping and tax consultancy services ~~(code 276)Covers~~covers the recording of commercial transactions for businesses and others,; examination services of accounting records and financial statements,; business tax planning and consulting; and preparation of tax documents.2.10.2.1.c.Business and management consulting and public relations services ~~(code 277)Covers~~covers advisory, guidance and operational assistance services provided to businesses for business policy and strategy and the overall planning, structuring and control of an organisation. Included are management fees, management auditing,; market management, human resources, production management and project management consulting; and advisory, guidance and operational services related to improving the image of the clients and their relations with the ~~institutions~~general public and ~~the~~other ~~general public~~institutions.2.10.2.2.Advertising, market research and public opinion polling ~~(code 278)Services transacted between residents and non-residents. Covers~~covers the design, creation and marketing of advertisements by advertising agencies,; media placement, including the purchase and sale of advertising space,; exhibition services provided by trade fairs,; the promotion of products abroad,; market research,; telemarketing; and public opinion polling on various issues.~~Research and development (code 279)Covers those services that are transacted between residents and non-residents and associated with basic research, applied research and experimental development of new products and processes.~~2.10.3.Technical, trade-related, and other business servicesThese comprise: 1) Architectural, engineering, scientific and other technical services, ~~(code~~2) ~~280~~Waste treatment and de-pollution, agricultural and mining services, 3) Operating leasing services, 4) Trade-related services and 5) Other business services n.i.e.2.10.3.1.Architectural, engineering, scientific and other technical services~~Covers~~Comprise: ~~transactions~~a) ~~between~~Architectural ~~residents~~services, b) Engineering services, c) Scientific and ~~non-residents~~other technical services.2.10.3.1.a.Architectural services include transactions related to ~~architectural~~the design of ~~urban~~buildings.2.10.3.1.b.Engineering services include the design, development and utilisation of machines, materials, instruments, structures, processes and systems. Services of this type involve the provision of designs, plans and studies related to engineering projects. Mining engineering is excluded (included in Services incidental to mining, and oil and gas extraction).2.10.3.1.c.Scientific and other ~~development~~technical ~~projects~~services include surveying; ~~planning and project design and supervision of dams, bridges, airports, turnkey projects etc.~~cartography; ~~surveying, cartography,~~ product testing and certification; and technical inspection services.~~Agricultural, mining and on-site processing services (code 281)Comprises~~ 2.10.3.2.Waste treatment and ~~depollution~~de-pollution, ~~(code 282)~~agricultural and ~~Agricultural~~mining servicesComprise: a) Waste treatment and de-pollution, b) Services incidental to agriculture, forestry and fishing, c) Services incidental to mining, and ~~other~~oil ~~on-site~~and ~~processing~~gas ~~services (code 283)~~extraction2.10.3.2.a.Waste treatment and ~~depollution~~de-pollution ~~(code~~include ~~282)Includes~~waste ~~the treatment of radioactive~~collection and ~~other waste~~disposal, ~~stripping of contaminated soil~~remediation, ~~cleaning up of pollution including oil spills, restoration of mining sites; and decontamination and~~ sanitation ~~services. Also included are all other services that relate to the cleaning or restoring of the environment.Agricultural, mining~~, and other ~~on-site~~environmental ~~processing~~protection services. ~~(code~~They ~~283)Comprises:~~also include environmental services, such as production of carbon offsets or carbon sequestration that are not classified under any more specific category.~~(a)~~2.10.3.2.b.Services incidental to agriculture, forestry and fishing include agricultural services that are incidental to agriculture, such as the provision of agricultural machinery with crew, harvesting, treatment of crops, pest control, animal boarding, animal care, and breeding services. Services in hunting, trapping, forestry and logging, and fishing are also included here;, as are veterinary services.~~(b)~~2.10.3.2.c.Services incidental to mining, and oil and gas extraction include mining services provided at oil and gas fields, including drilling, derrick building, repair and dismantling services, and oil and gas well casing cementing. Services incidental to mineral prospecting and exploration, as well as mining engineering and geological surveying, are also included here;~~(c)~~other on-site processing services, which covers on-site processing of or work on goods that have been imported without change of ownership, processed but not re-exported to the country from which the goods were consigned (but are instead either sold in the processing economy or sold to a third economy) or vice versa.2.10.3.3.Operating leasing servicesOperating leasing is the activity of renting out produced assets under arrangements that provide use of a tangible asset to the lessee, but do not involve the transfer of the bulk of risks and rewards of ownership to the lessee. Operating leasing may be called rental in case of items such as buildings or equipment. Operating leasing services cover leasing (rental) and charters, without crew, of ships, aircraft, and transport equipment. Also included are operating lease payments relating to other types of equipment without an operator, including computers and telecommunications equipment. Licence payments for the right to use intangible assets, such as software, intellectual property, and so forth are included under specific headings (Computer services, Charges for the use of intellectual property n.i.e. etc.) rather than operating leasing. Excluded from operating leasing services are leasing of telecommunications lines or capacity (included in Telecommunications services); rental of ships and aircraft with crew (included in Transport services); and rentals incidental to travel (included in Travel).2.10.3.4.Trade-related servicesTrade-related services cover commissions on goods and service transactions payable to merchants, commodity brokers, dealers, auctioneers, and commission agents. Excluded from trade-related services are franchising fees (included in Charges for the use of intellectual property n.i.e.); brokerage on financial instruments (included in Financial services); insurance brokerage (included in Auxiliary insurance services)and transport-related charges, such as agency commissions (included in Transport).2.10.3.5.Other business services not included elsewhereOther business services ~~(code~~include ~~284)Covers~~distribution services ~~transactions~~related ~~between~~to ~~residents~~water, steam, gas or other petroleum products, and ~~non~~air-~~residents~~conditioning supply, ~~such~~where asthese ~~the~~are identified separately from transmission services; placement of personnel, security, and investigative services,; translation and interpretation,; photographic services,; publishing; building cleaning,; and real estate services ~~to businesses and any other business services that cannot be classified to any of the aforementioned business services~~.~~Services between related enterprises, n~~2.i11.~~e. (code 285)~~It is a residual category. It covers payments between related enterprises for services that cannot be specifically classified to any other component. It includes payments from branches, subsidiaries and associates to their parent enterprise or other related enterprises that represent contributions to the general management costs of the branches, subsidiaries and associates (for planning, organising and controlling) and also reimbursements of expenses settled directly by parent enterprises. Also included are transactions between parent enterprises and their branches, subsidiaries and associates to cover overhead expenses.Personal, cultural and recreational services ~~(code 287)Comprises~~These include Audiovisual and related services ~~(code 288)~~ and Other personal, cultural and recreational ~~services (code 289)~~service.2.11.1.Audiovisual and related services ~~(code 288)Comprises~~Can be further broken down in Audiovisual services and Artistic related services. Comprise services and associated fees related to the production of motion pictures (on film or videotape), radio and television programmes (live or on tape) and musical recordings. Included are ~~receipts or payments for~~ rentals; fees received by resident actors, producers etc. for productions abroad (or by non-residents for work carried out in the compiling economy); fees for distribution rights sold to the media for a limited number of ~~showings~~audiovisual inand ~~specified~~related ~~areas~~products and access to encrypted television channels (such as cable or satellite services); mass-produced audio-visual products purchased or sold for perpetual use that are delivered electronically (downloaded); fees received by performing artists (actors, musicians, dancers), authors, composers etc. ~~Fees~~Excluded are charges or licences to ~~actors, directors~~reproduce and/or ~~producers~~distribute ~~involved~~audiovisual ~~with~~products ~~theatrical~~(included ~~and~~in ~~musical productions, sporting events, circuses and other similar events and fees~~Charges for ~~distribution~~the ~~rights~~use ~~(for~~of ~~television,~~intellectual ~~radio,~~property ~~and film~~n.i.e.) ~~for these activities are included~~.2.11.2.Other personal, cultural and recreational services ~~(code 289)Comprises~~Comprise: a) Education services ~~(code 895)~~, b) Health services, ~~(code 896~~c) ~~and Other or Other personal, cultural~~Heritage and recreational services ~~not~~and ~~included~~d) ~~elsewhere~~Other ~~(code~~personal ~~897)~~services.2.11.2.a.Education services ~~(code 895)Comprises~~comprises services supplied between residents and non-residents relating to education, such as correspondence courses and education via television or the Internet, as well as by teachers etc. who supply services directly in host economies.2.11.2.b.Health services ~~(code 896)Comprises~~comprises services provided by doctors, nurses and paramedical and similar personnel, as well as laboratory and similar services, whether rendered remotely or on-site. Excluded is all expenditure by travellers on education and health (included in ~~travel~~Travel).~~Other on Other personal, cultural~~2.11.2.c.Heritage and recreational services ~~(code~~includes ~~897)~~Itservices isassociated awith ~~residual~~museums ~~category~~and ~~covering~~other ~~Other personal~~cultural, ~~cultural~~sporting, gambling and recreational activities, except those involving persons outside their economy of residence (included in Travel).2.11.2.d.Other personal services includes social services, domestic services ~~(code~~etc.2.12.Government ~~289)~~goods and services not included ~~in Education services (code 895) and Health services (code 896).Government services, n.i.e. (code 291)~~elsewhereItThis is a residual category covering government transactions (including those of international organisations) in goods and services that it is not ~~contained~~possible into ~~the~~classify under other ~~components of the Extended Balance of Payments Services classification (EBOPS)~~items. Included are all transactions (in both goods and services) by enclaves such as embassies, consulates, military ~~units~~bases and ~~defence~~international ~~agencies~~organisations with residents of economies in which the ~~embassies, consulates, military units and defence agencies~~enclaves are located ~~and all transactions with other economies~~. Excluded are transactions of the enclaves with residents of the home economies. ~~represented~~Depending byon the ~~embassies,~~government ~~consulates,~~unit ~~military units and defence agencies, and transactions in~~undertaking the ~~commissaries and post exchanges of these embassies and consulates.A breakdown of~~transaction, this item can be further broken down into goods and services transacted by Embassies and consulates ~~(code 292)~~, ~~Services transacted by~~ Military units and agencies ~~(code 293)~~ and Other government goods and services ~~(code~~not ~~294)~~included ~~is required~~elsewhere.3.PRIMARY INCOME ~~(CODE 300)Income~~Primary ~~covers~~income ~~two~~represents ~~types~~the return that accrues to institutional units for their contribution to the production process, or for the provision of ~~transactions~~financial ~~between~~assets ~~residents~~or ~~and~~from ~~non-residents:~~renting ~~(i)~~natural ~~those~~resources ~~involving~~to ~~compensation~~other institutional units. It comprises Compensation of employees, ~~which~~Investment ~~is paid to non-resident workers (e.g. border, seasonal~~income and ~~other~~Other ~~short-term workers), and (ii) those involving investment~~primary income ~~receipts and payments on external financial assets and liabilities~~.3.1.Compensation of employees (~~code 310~~D1)Compensation of employees ~~comprises~~is ~~wages,~~recorded ~~salaries,~~when the employer (the producing unit) and ~~other~~the ~~benefits,~~employee are resident in ~~cash or in kind, earned by individuals, in~~different economies. ~~other~~For ~~than~~the ~~those~~economy inwhere ~~which~~the ~~they~~producing units are resident, ~~for work performed for (and paid for by) residents~~compensation of ~~those~~employees ~~economies.~~is ~~Included~~the ~~are~~total remuneration (including contributions paid by employers~~, on behalf of employees,~~ to social security schemes or to private insurance or pension funds), ~~(whether~~in ~~funded~~cash or ~~unfunded)~~in kind, payable by resident enterprises to ~~secure~~non-resident ~~benefits~~employees in return for ~~employees~~work done by the latter during the accounting period. For the economy where the individuals are resident, compensation is the total remuneration, in cash or in kind, receivable by them from non-resident enterprises in return for work done during the accounting period. It is important to establish whether an employer-employee relationship exists; if not, the payment constitutes a purchase of services.3.2.Investment ~~Income (code 320)~~incomeInvestment income is derived from a resident’s ownership of an external financial asset (credit) and symmetrically, income derived from a non-resident’s ownership of ~~external~~a domestic financial ~~assets~~asset ~~and payable by residents of one economy to residents of another economy~~(debit). Investment income includes ~~interest~~income on equity (Dividends, ~~dividends,~~Withdrawals ~~remittances~~from income of ~~branch~~quasi-corporations, ~~profits~~Reinvested earnings) and on debt (Interest), and ~~direct~~investment ~~investors’~~income ~~shares~~attributable to policyholders in insurance, pension schemes, and standardised guarantee schemes.In balance of payments, investment income is also classified according to the function of the ~~retained~~underlying ~~earnings~~investment, as Direct investment, Portfolio investment, Other investment and Reserve assets, and further detailed according to the type of ~~direct~~investment. For the definitions of investment ~~enterprises~~by function, see the financial account.Where ~~Investment~~they are separately identifiable, gains and losses on (capital) holdings are not classified as income ~~should~~on beinvestments, ~~classified~~but as changes in the value of investments due to market price developments. Net flows associated with interest rate derivatives are recorded solely under financial derivatives in the financial account.3.2.1.Interest (D41)Interest is a form of investment income that is receivable by ~~direct~~the owners of certain kinds of financial assets, ~~portfolio~~namely deposits (AF2), debt securities (AF3), loans (AF4), and other ~~investment~~accounts ~~components~~receivable (AF8), for putting the financial assets at the disposal of another institutional unit. Income on special drawing rights (SDR) holdings and SDR allocations is also included in interest. The primary income account records "pure interest" by eliminating the FISIM component from "actual interest". Interest income is recorded on an accrual basis.~~Direct investment~~3.2.2.Distributed income of corporations (~~code 330~~D42)Direct investment income, namely income on equity and income on debt, covers income accruing to a direct investor resident in one economy from ownership of direct investment capital in an enterprise in another economy. Income on direct investment is presented on a net basis for both direct investment abroad and in the reporting economy (i.e. receipts of income on equity and income on debt less payments on income on equity and income on debt for each). Income on equity is subdivided into (i) distributed income (dividends and distributed branch profits), and (ii) reinvested earnings and undistributed branch profits. Income on debt consists of interest payable, on intercompany debt, to/from direct investors from/to associated enterprises abroad. Income on non-participating preference shares is treated as interest income, rather than dividend income, and is included in income on debt.3.2.2.1.Dividends ~~and distributed branch profits~~ (~~code 332~~D421)Dividends~~, including stock dividends,~~ are the ~~distribution of~~distributed earnings allocated to ~~shares~~the ~~and other forms~~owners of ~~participation~~equity inshares (AF5) for placing funds at the ~~equity~~disposal of ~~incorporated private enterprises, cooperatives, and public~~ corporations. ~~Distributed~~Dividends ~~income~~are ~~may~~recorded ~~be in~~at the ~~form~~moment ~~of dividends on common or preferred~~the shares ~~owned~~go ~~by direct investors in associated enterprises abroad, or vice versa~~ex-dividend.3.2.2.2.Withdrawals from income of quasi-corporations (D422)Withdrawals from the income of quasi-corporations (unincorporated enterprises that behave as if they were corporations, e.g. branches, notional resident units for land and other natural resources owned by non-residents, joint ventures, trusts, etc.) are the amounts that owners of quasi-corporations withdraw for their own use from the profits earned by the quasi-corporations that belong to them. Withdrawals from the income of quasi-corporations are recorded as occurring when they actually took place.3.2.3.Reinvested earnings ~~and~~on ~~undistributed~~foreign ~~branch~~direct ~~profits~~investment (~~code 333~~D43)Reinvested earnings ~~comprise~~(RIE) represent the direct investors'’ ~~shares -~~proportion, in ~~proportion~~terms toof equity held, of ~~(i)~~the earnings that foreign subsidiaries, associates and ~~associated enterprises~~branches do not distribute as dividends. They are defined as the direct investor’s share of the total consolidated profits earned by the direct investment enterprise in the reference period (after allowing for tax, interest and ~~(ii~~depreciation), ~~earnings~~less ~~that~~dividends ~~branches~~due ~~and~~for ~~other~~payment ~~unincorporated~~in ~~enterprises~~the doreference ~~not~~period, ~~remit~~even if these dividends relate to ~~direct~~profits ~~investors~~earned in previous periods. ~~(If that part of earnings is not identified, all branch~~Reinvested earnings are ~~considered,~~recorded byin ~~convention,~~the toperiod bein ~~distributed)~~which the retained earnings accrue.3.2.4.Income of investment fund shares (D443)~~Income~~Investment income attributable to collective investment fund shareholders, including mutual funds and unit trusts, is composed of two separate items: Dividends (D4431), and Reinvested earnings (D4432).Earnings from investment funds can be viewed as being passed on ~~debt~~to their shareholders (~~code~~or ~~334~~unit holders) as they are earned in the form of investment income on their equity. Investment funds earn income by investing the money received from shareholders. Shareholders’ income from investment funds is defined as the investment income earned on the fund’s investment portfolio after deducting operating expenses. The net earnings of investment funds after deducting the operating expenses belong to shareholders. Where only a part of the net earnings is distributed to shareholders as dividends, the retained earnings should be treated as if they were distributed to the shareholders and then deemed reinvested.3.2.5.Investment income attributable to policyholders in insurance, pension schemes and standardised guarantee schemes~~Income~~To define this item, we look separately at its components, not part of the BoP data request.3.2.5.1.Investment income attributable to insurance policy holders (D441) corresponds to the total primary incomes received from the investment of insurance technical reserves. The reserves are those for which the insurance corporation recognises a corresponding liability to the policyholders.3.2.5.2.Investment income payable on ~~debt~~Pension entitlements (D442)Pension entitlements arise from either defined contribution schemes or defined benefit schemes.3.3.Other primary incomeClassified according to the institutional sector of the compiling economy (General government or Other sectors) and include the following components: Taxes on production and imports, Subsidies and Rent.3.3.1.Taxes on production and imports (D2)Include the following components:3.3.1.1.Taxes on products (D21) are payable per unit of some good or service produced or traded cross-border. Examples include value-added tax, import duties, excise duties and consumption taxes.3.3.1.2.Other taxes on production (D29) consist of all taxes that enterprises incur as a result of engaging in production, and include taxes paid for business and professional licences.3.3.2.Subsidies (D3)Include the following components:3.3.2.1.Subsidies on products (D31) are payable per unit of a good or service produced.3.3.2.2.Other subsidies on production (D39) consist of subsidies except subsidies on products that resident producer units may receive as a consequence of engaging in production.3.3.3.Rent (D45)Rent covers income receivable for putting natural resources at the disposal of a non-resident institutional unit. Examples of rent include amounts payable for the use of land extracting mineral deposits and other subsoil assets, and for fishing, forestry, and grazing rights. The regular payments made by the lessees of natural resources, such as subsoil assets, are often described as royalties, but they are classified as rents.4.SECONDARY INCOMEThe secondary income account shows current transfers between residents and non-residents. A transfer is an entry that corresponds to the provision of a good, service, financial asset, or other non-produced asset by an institutional unit to another institutional unit where there is no corresponding return of an item of economic value. Current transfers consist of all transfers that are not capital transfers.Current transfers are classified according to the institutional sector making or receiving the transfer in the compiling economy (General government or Other sectors).General government current transfers comprise Current taxes on income, wealth etc, Social contributions, Social benefits, Current international cooperation, Miscellaneous current transfers, VAT and GNI-based Union own resources.Other sectors current transfers comprise Current taxes on income, wealth etc, Social contributions, Social benefits, Miscellaneous current transfers, Net non-life insurance premiums, Non-life insurance claims and Adjustments for the changes in pension entitlements. Miscellaneous current transfers (D75) include Personal transfer between resident and non-resident households (Of which: Workers’ remittances)4.1.Current taxes on income, wealth etc (D5)Current taxes on income, wealth etc., in the international accounts consists mainly of taxes levied on the income earned by non-residents from the provision of their labour or financial assets. Taxes on capital gains arising from assets of non-residents are also included. Taxes on income and capital gains from financial assets are generally payable by Other sectors (individuals, corporations and non-profit institutions) and receivable by General government.4.2.Social contributions (D61)Social contributions are the actual or imputed contributions made by households to social insurance schemes to make provision for social benefits to be paid.4.3.Social benefits (D62+D63)Social benefits include benefits payable under social security and pension schemes. They include pensions and non pension benefits from events or circumstances such as sickness, unemployment, housing and education, and may be in cash or in kind.4.4.Net non-life insurance premiums (D71)Non-life insurance premiums consist of both the gross premiums payable by policyholders to obtain insurance during the accounting period (premiums earned) and the premium supplements payable out of the investment income attributable to insurance policyholders, after deducting the service charges of insurance enterprises arranging the insurance. The service charges constitute purchases of services by the policyholders and are recorded as insurance services. Net premiums on standardised guarantees are included under this item.4.5.Non-life insurance claims (D72)Non-life insurance claims are the amounts payable in settlement of claims that become due during the current accounting period. Claims become due at the moment when the eventuality occurs that gives rise to a valid claim. Claims payable under standardised guarantees are recorded under this item.4.6.Current international cooperation (D74)Current international cooperation consists of ~~interest~~current ~~payable~~transfers in cash or in kind between the governments of different countries or between governments and international organisations. Part of current international cooperation is vis-à-vis the Union Institutions.4.7.Miscellaneous current transfers (D75)Miscellaneous current transfers, in cash or in kind, include: Current transfers to Non profit institutions serving households (D751), Current transfers between households (D752), Other miscellaneous current transfers (D759) including fines and penalties, part of the payments for lottery tickets and gambling, payments of compensation and other.4.7.1.Personal transfers between resident and non-resident householdsPersonal transfers between resident and non-resident households consist of all current transfers in cash or in kind made or received by resident households to or from non-resident households. Personal transfers include as "of which" Workers’ remittances4.7.1.1.Workers’ remittancesWorkers’ remittances consist of personal transfers made by migrants resident and employed in new economies to non-resident households. Persons who work for and stay in new economies for less than a year are considered non-residents and their remuneration is recorded under compensation of employees.4.8.VAT and GNI-based Union own resources (D76)The VAT and GNI-based third and fourth Union own resources are current transfers paid by the general government of each Member State to the Union Institutions.4.9.Adjustment for change in pension entitlements (D8)The adjustment for the change in pension entitlements is necessary to reconcile the treatment of pensions as current transfers with the treatment of pension entitlements as financial assets. After the adjustment, the current account balance is the same as it would have been if social contributions and pension receipts were not recorded as current transfers.B.CAPITAL ACCOUNTThe capital account covers the Acquisition/disposal of non-produced non-financial assets and Capital transfers.5.1.Gross acquisitions and disposals of non-produced non-financial assetsNon-produced, non-financial assets consist of: (a) natural resources, (b) contracts, leases, and licenses, and (c) marketing assets (brand names, trademarks) and goodwill. Acquisition and disposals of non-produced, non-financial assets are recorded separately on ~~intercompany~~a ~~debt,~~gross ~~to/from direct investors from/to associated enterprises abroad. Income on nonparticipating preference shares is treated as interest income~~basis, rather than ~~dividend~~netted. ~~income~~Only the purchase/sale of such assets, ~~and~~but not their use, is ~~included~~to be recorded in ~~income~~this onitem ~~debt~~of the capital account.5.2.Capital transfers (D9)Capital transfers consist of (i) transfers of ownership of fixed assets, (ii) transfers of funds linked to, or conditional upon, the acquisition or disposal of fixed assets and (iii) the cancellation, without any consideration being received in return, of liabilities by creditors. Capital transfers may be in cash or in kind (such as debt forgiveness). The distinction between current and capital transfers, in practice, rests in the use of the transfer by the recipient country. Capital transfers are classified according to the institutional sector making or receiving the transfer in the compiling economy (General government or Other sectors).Capital transfers include: Capital taxes, Investment grants and Other capital transfers.5.2.1.Capital taxes (D91)Capital taxes consist of taxes levied at irregular and infrequent intervals on the values of the assets or net worth owned by institutional units or on the values of assets transferred between institutional units. These include inheritance taxes and taxes on gifts between persons levied on the capital of the beneficiaries.5.2.2.Investment grants (D92)Investment grants consist of capital transfers, in cash or in kind, made to finance all or part of the costs of acquiring fixed assets. The recipients are obliged to use investment grants received in cash for purposes of gross fixed capital formation, and the grants are often tied to specific investment projects, such as large construction projects.5.2.3.Other capital transfers (D99)These include major non-recurrent payments in compensation for extensive damage or serious injuries not covered by insurance policies, large gifts, legacies and donations, including those to non-profit institutions. This category includes Debt forgiveness.5.2.3.1.Debt forgivenessDebt forgiveness is the voluntary cancellation of all, or part, of a debt obligation within a contractual agreement between a creditor and a debtor.C.FINANCIAL ACCOUNT AND INTERNATIONAL INVESTMENT POSITIONIn general, the Financial account records transactions that involve financial assets and liabilities that have taken place between residents and non-residents. The financial account shows transactions in net terms: net acquisitions of financial assets correspond to acquisitions of assets less reductions in assets.The International investment position (IIP) shows, at the end of each quarter, the value of financial assets of residents of an economy that are claims on non-residents, and the liabilities of residents of an economy to non-residents, plus gold bullion held as reserve assets. The difference between the assets and liabilities is the net position in the IIP and represents either a net claim on or a net liability to the rest of the world.The value of the IIP at the end of a period results from positions at the end of the previous period, transactions in the current period, and other changes that arise from reasons other than transactions between residents and non-residents, that may be attributed to other changes in volume and revaluations (due to changes in exchange rates or prices).According to the functional subdivision cross-border financial transactions and positions are classified as Direct investment, Portfolio investment, Financial derivatives (other than reserves) and employee stock options, Other investment, and Reserve assets. Cross-border financial transactions and positions are further classified by type of instrument and institutional sector, as defined in Table 7.Market prices are the basis for the valuation of transactions and positions. Nominal valuation is used for positions in nonnegotiable instruments, namely loans, deposits, and other accounts receivable/payable. However, any transactions in these instruments are valued at market prices. To account for the inconsistency between the market valuation of transactions and nominal valuation of positions, the seller records Revaluations due to other price changes during the period in which the sale occurs, equal to the difference between the nominal and the transaction value, whilst the buyer records an opposite amount as Revaluations due to other price changes.The financial account of the balance of payments and the international investment position include offsetting entries for accrued income on the instruments classified in the respective functional categories.6.1.Direct investmentDirect investment is associated with a resident in one economy (direct investor) having control or a significant degree of influence on the management of an enterprise that is resident in another economy (direct investment enterprise). Following the international standards, the direct or indirect ownership of 10 % or more of the voting power of an enterprise resident in one economy by an investor resident in another economy is evidence of such a relationship. Based on this criterion, a direct investment relationship can exist between a number of related enterprises, regardless of whether the linkage involves a single or a number of chains. It can extend to a direct investment enterprise’s subsidiaries, sub-subsidiaries and associates. Once the direct investment is established, all subsequent financial flows/holdings between the related entities are recorded as direct investment transactions/positions.Equity capital ~~and reinvested earnings abroad (code 506)Equity capital~~ comprises equity in branches, as well as all shares ~~(whether voting or non-voting)~~ in subsidiaries and associates ~~(except nonparticipating, preferred shares that are treated as debt securities and included under other direct investment capital), and other capital contributions~~. Reinvested earnings consist of the offsetting entry to the direct investor'’s share ~~(in proportion to direct equity participation)~~ of earnings not distributed as dividends by subsidiaries or associates, and earnings of branches not remitted to the direct investor.~~Equity capital~~ and ~~reinvested~~which ~~earnings~~are inrecorded under Investment income (see 3.2.3).Direct investment equity and Debt are further disaggregated according to the ~~reporting~~type ~~economy~~of ~~(code~~relationship ~~556)Equity~~between ~~capital comprises equity in branches, all shares (whether voting or non-voting) in subsidiaries~~entities and ~~associates~~according ~~(except~~to ~~nonparticipating,~~the ~~preferred~~direction ~~shares~~of ~~that~~the ~~are~~investment. ~~treated~~Three astypes ~~debt securities and included under other~~of direct investment ~~capital~~relationships can be distinguished:(a),Direct investors’ investment in direct investment enterprises. This category includes investment flows (and ~~other~~stocks) ~~capital contributions. Reinvested earnings consist of~~from the direct investor~~'s share (in proportion~~ to its direct ~~equity~~investment ~~participation)~~enterprises (regardless of ~~earnings~~whether ~~not~~it ~~distributed~~is ~~as dividends by subsidiaries~~directly or ~~associates~~indirectly ~~and~~controlled ~~earnings~~or influenced);(b)Reverse investment. This type of ~~branches~~relationship ~~not~~covers ~~remitted~~investment flows (and stocks) from the direct investment enterprises to the direct investor;(c)Between fellow enterprises. This covers flows (and stocks) between enterprises that do not control or influence each other, but that are both under the control or influence of the same direct investor.6.2.Portfolio investment ~~income (code 339)~~Portfolio investment ~~income comprises income~~includes transactions ~~between residents~~ and ~~non-residents~~positions ~~and~~involving isdebt ~~derived from holdings of shares, bonds, notes, and money market instruments. This category is subdivided into income on~~or equity ~~(dividends) and income on debt (interest).Other investment income (code 370)Other investment income covers interest receipts and payments on all~~securities, other ~~resident~~than ~~claims~~those ~~(assets) on and liabilities to non-residents, respectively. This category also includes,~~included in principle, imputed income to households from net equity in life insurance reserves and in pension funds. Interest on assets comprises interest on long- and short-term loans, on deposits, on other commercial and financial claims, and on an economy’s creditor position in the IMF. Interest on liabilities covers interest on loans, on deposits, and on other claims and interest related to the use of IMF credit and loans form the IMF. Also included is interest paid to the IMF on the Fund's SDR holdings in the General Resources Account.~~Current transfers (code 379)~~Current transfers are offset items to unilateral transactions in which one economic entity provides a real resource or a financial item to another entity without receiving any real resource or financial item in exchange. These resources are consumed immediately or shortly after the transfer is made. Current transfers are all transfers that are not capital. Current transfers are classified according to the sector of the compiling economy into general government and other sectors.~~General government transfers (code 380)~~General government transfers comprise current international cooperation and cover current transfers, in cash or in kind, between governments of different economies or between governments and international organisations.~~Other sectors (code 390)~~Current transfers between other sectors of an economy and non-residents comprise those occurring between individuals, between non-governmental institutions or organisations (or between the two groups), or between non-resident governmental institutions and individuals or non-governmental institutions.~~Capital account (code 994)The capital account covers all transactions that involve the receipt or payment of capital transfers and acquisition/disposal of non-produced, non-financial assets.Financial account (code 995)~~The financial account covers all transactions associated with changes of ownership in the foreign financial assets and liabilities of an economy. Such changes include the creation and liquidation of claims on, or by the rest of the world. All components are classified according to type ofdirect investment or ~~by functional subdivision (direct investment, portfolio investment, financial derivatives, other investment,~~ reserve assets).~~DIRECT~~ ~~INVESTMENT (CODE 500)Foreign direct~~Portfolio investment isincludes the category of international investment that reflects the objective of a resident entity in one economy (direct investor) obtaining a lasting interest in an enterprise resident in an economy other than that of the investor (direct investment enterprise). "Lasting interest" implies the existence of a long-term relationship between the direct investor and the enterprise and a significant degree of influence by the investor on the management of the direct investment enterprise. Direct investment comprises the initial transaction between the two entities, that is, the transaction that establishes the direct investment relationship, and all subsequent transactions between them and among affiliated enterprises, both incorporated and unincorporated.~~Direct Investment abroad (code 505)Direct investment is classified primarily on a directional basis, resident direct investment abroad and non-resident investment in the reporting economy.~~Equity ~~capital (code 510)~~Equity capital comprises equity in branches, all shares (whether voting or non-voting) in subsidiaries and associates (except nonparticipating, preferred shares that are treated as debt securities and included under other direct investment capital), and other capital contributions. Equity capital also covers the acquisition by a direct investment enterprise of shares in its direct investor.~~Reinvested earnings (code 525)~~Reinvested earnings consist of the direct investor's share (in proportion to direct equity participation) of earnings not distributed as dividends by subsidiaries or associates and earnings of branches not remitted to the direct investor. These reinvested earnings are recorded as income with an offsetting capital transaction.~~Other direct investment capital (code 530)Other direct investment capital (or intercompany debt transactions) covers the borrowing and lending of funds - including debt~~ securities, ~~suppliers’~~Investment ~~credits~~fund shares and nonparticipating preferred shares (which are treated as debt securities), between direct investors and subsidiaries, branches, and associates. Debt claims on the direct investor by the direct investment enterprise are also recorded as direct investment capital.~~Direct investment in the reporting economy (code 555)Direct investment is classified primarily on a directional basis, resident direct investment abroad and non-resident investment in the reporting economy.Equity capital (code 560)~~Equity capital comprises equity in branches, all shares (whether voting or nonvoting) in subsidiaries and associates (except non-participating, preferred shares that are treated as debt securities and included under other direct investment capital), and other capital contributions. Equity capital also covers the acquisition by a direct investment enterprise of shares in its direct investor.~~Reinvested earnings (code 575)~~Reinvested earnings consist of the direct investor’s share (in proportion to direct equity participation) of earnings not distributed as dividends by subsidiaries or associates and earnings of branches not remitted to the direct investor. These reinvested earnings are recorded as income with an offsetting capital transaction.~~Other direct investment capital (code 580)~~Other direct investment capital (or intercompany debt transactions) covers the borrowing and lending of funds, including debt securities, suppliers’ credits and non-participating preferred shares (which are treated as debt securities), between direct investors and subsidiaries, branches, and associates. Debt claims on the direct investor by the direct investment enterprise are also recorded as direct investment capital.~~PORTFOLIO INVESTMENT (CODE 600)Portfolio investment covers transactions in equity and debt securities.~~ Debt securities ~~are subdivided into bonds and notes~~, ~~money market instruments, and financial derivatives when the derivatives generate financial claims and liabilities. Unless~~unless they are categorised either as direct investment or as reserve assets. Transactions as repurchase agreements and securities lending are excluded from portfolio investment.6.2.1.Equity securities (F51/AF51)Equity consists of all instruments representing claims on the residual value of a corporation or quasi-corporation, after the claims of all creditors have been met. In contrast to debt, equity does not generally provide the owner with a right to a predetermined amount or an amount determined according to a fixed formula. Equity securities consist of Listed and Unlisted shares.Listed shares (F511/AF511) are equity securities listed on a recognised stock exchange or any other form of secondary market. Unlisted shares (F512/AF512) are equity securities not listed on an exchange.6.2.2.Investment fund shares (F52/AF52)Investment fund shares are issued by investment funds. They are known as "units" if the fund is a trust. Investment funds are collective investment undertakings through which the investors pool funds for investment in financial and/or non-financial assets. Investment fund shares have a specialised role in financial intermediation as a kind of collective investment in other assets, so they are identified separately from other equity shares. Additionally, the treatment of their income differs, because reinvested earnings have to be imputed.6.2.3.Debt securities (F3/AF3)Debt securities are negotiable instruments serving as evidence of a debt. They include bills, bonds, notes, negotiable certificates of deposit, commercial paper, debentures, asset-backed securities, money market instruments, and similar instruments normally traded in the financial markets. Transactions and positions in debt securities are divided by original maturity into Short-term and Long-term.6.2.3.1.Short-term debt securities (F31/AF31)Short-term debt securities are payable on demand or issued with an initial maturity of one year or less. They generally give the holder the unconditional right to receive a stated, fixed sum of money on a specified date. These instruments are usually traded, at a discount, in organised markets; the discount depends on the interest rate and the time remaining to maturity.6.2.3.2.Long-term debt securities (F32/AF32)Long-term debt securities are issued with an initial maturity of more than one year or with no stated maturity (other than on demand, which is included in short-term). They generally give the holder (a) the unconditional right to a fixed monetary income or contractually-determined variable monetary income (payment of interest being independent from the earnings of the debtor) and (b) the unconditional right to a fixed sum in repayment of principal on a specified date or dates.The recording of transactions in balance of payments takes place when the creditors or debtors enter the claim or liability in their books. Transactions are recorded at the effective price received or paid, less commission and expenses. Thus, in the case of securities with coupons, the interest accrued from the last payment of interest is included and, in the case of securities issued at discount, the interest accumulated since the issue is included. Inclusion of interest accrued is required for both the financial account of the balance of payments and for the international investment position; these recordings need to have offsetting entries in their respective income accounts.6.3.Financial derivatives (~~code~~other ~~910~~than reserves) and employee stock options (F7/AF7)A financial ~~derivatives~~derivative contract is a financial instrument that is linked to another specific financial instrument or indicator or commodity and through which specific financial risks (such as interest rate risk, foreign exchange risk, equity and commodity price risks, credit ~~risks~~risk, ~~etc.~~and so on) can, be traded in their own right~~, be traded~~ in financial markets.~~OTHER~~ ~~INVESTMENT~~This category is identified separately from other categories because it relates to risk transfer, rather than supply of funds or other resources. Unlike other functional categories, no primary income accrues on financial derivatives. Net flows associated with interest rate derivatives are recorded as financial derivatives, not as investment income. Transactions and positions in financial derivatives are treated separately from the values of any underlying items to which they are linked. In the case of options, the full premium (~~CODE~~i.e. ~~700~~the purchase/sale price of the options and the implied service charge)~~The~~ is recorded. Repayable margin payments consist of cash or other collateral deposited to protect counterparty against default risk. They are classified as deposits under other investment ~~item~~(if the debtor’s liabilities are included in broad money) or in other accounts receivable/payable. Non-repayable margin payments (also known as variation margin) reduce the financial liability created through a derivative; therefore they are classified as transactions in financial derivatives.Employee stock options are options to buy the equity of a company offered to employees of the company as a form of remuneration. If a stock option granted to employees can be traded on financial markets without restriction, it is ~~defined~~classified as a financial derivative.6.4.Other investmentOther investment is a residual category that includes ~~all~~positions ~~financial~~and transactions ~~not~~other ~~covered~~than those included in direct investment, portfolio investment, financial derivatives and employee stock options or reserve assets. To the extent that the following classes of financial assets and liabilities are not included under direct investment or reserve assets, other investment includes: (a) Other equity; (b) Currency and deposits; (c) Loans (including use of IMF credit and loans from the IMF); (d) Insurance, pension and standardised guarantee schemes; (e) Trade credit and advances; (f) Other accounts receivable/payable; and (g) SDR allocations (SDR holdings are included in reserve assets).For loans, deposits, and other accounts receivable/payable sold at a discount, the transaction values recorded in the financial account may differ from the nominal values recorded in the IIP. Such differences are recorded as Revaluations due to other price changes.6.4.1.Other equity (F519/AF519)Other equity includes equity not in the form of securities, therefore not included in portfolio investment. Participation in the capital of some international organisations is not in the form of securities and thus is classified as Other equity.6.4.2.Currency and deposits (F2/AF2)Currency and deposits include currency in circulation and deposits. Deposits are standardised, non-negotiable contracts generally offered by deposit-taking institutions, allowing the placement and the later withdrawal of a variable amount of money by the creditor. Deposits usually involve a guarantee by the debtor to return the principal amount to the investor.The distinction between Loans and Currency and deposits depends on the nature of the borrower. This implies that, on the assets side, money granted by the resident money-holding sector to non-resident banks is to be classified as Deposits and money granted by the resident money-holding sector to non-resident non-banks (i.e. institutional units other than banks) is to be classified as Loans. On the liabilities side, money taken by resident non-banks, i.e. non-monetary financial institutions (non-MFIs) is always to be classified as Loans. Finally, this distinction implies that all transactions involving resident MFIs and non-resident banks are to be classified as Deposits.6.4.3.Loans (F4/AF4)Loans are financial assets that are (a) created when a creditor lends funds directly to a debtor, and (b) evidenced by documents that are not negotiable. This category includes all loans, including mortgages, financial leases and repo-type operations. All repo-type operations, i.e. repurchase agreements, sell/buy-back operations and securities lending (with exchange of cash as collateral), are treated as collateralised loans, not as outright purchases/sales of securities, and are recorded under Other investment, within the resident sector that carries out the operation. This treatment, which is also in line with the accounting practice of banks and other financial corporations, is intended to more accurately reflect the economic rationale behind these financial instruments.6.4.4.Insurance, pension schemes, and standardised guarantee schemes (F6/AF6)This includes the following: (a) Non-life insurance technical reserves (F61); (b) Life insurance and annuity entitlements (F62); (c) Pension entitlements, claims of pension funds on pension managers, and entitlements to non pension funds (F63+F64+F65); and (d) Provisions for calls under standardised guarantees (F66).6.4.5.Trade credit and advances (F81/AF81)Trade credit and advances are financial claims arising from the direct extension of credit by the suppliers of goods and services to their customers, and advances for work that is in progress or is yet to be undertaken, in the form of prepayment by customers for goods and services not yet provided. Trade credit and advances arise when payment for goods or services is not made at the same time as the change in ownership of a good or provision of a service.6.4.6.Other accounts receivable/payable (F89/AF89)This category consists of accounts receivable or payable other than those included in trade credit and advances or other instruments. It comprises financial assets and liabilities created as counterparts to transactions where there is a timing difference between these transactions and the corresponding payments. It includes liabilities for taxes, purchase and sale of securities, securities lending fees, gold loan fees, wages and salaries, dividends, and social contributions that have accrued but have not yet been paid.6.4.7.Special drawing rights (SDR) allocations (F12/AF12)The allocation of SDRs to IMF members is shown as a liability incurred by the recipient under SDRs in Other investment, with a corresponding entry under SDRs in Reserve assets.6.5.Reserve assetsReserve assets are those external assets that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to manage the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, or serving as a basis for foreign borrowing). Reserve assets must be foreign currency assets, claims vis-à-vis non-residents and assets that actually exist. Potential assets are excluded. Underlying the concept of reserve assets are the notions of "control" and "availability for use" by the monetary authorities.6.5.1.Monetary gold (F11/AF11)Monetary gold is gold to which the monetary authorities (or others who are subject to the effective control of the monetary authorities) have title and is held as reserve assets. It includes Gold bullion and Unallocated gold accounts with non-residents that give title to claim the delivery of gold.6.5.1.1.Gold bullion takes the form of coins, ingots, or bars with a purity of at least 995 parts per 1000, including such gold bullion held in allocated gold accounts.6.5.1.2.Unallocated gold accounts represent a claim against the account operator to deliver gold. For these accounts, the account provider holds title to a reserve base of physical (allocated) gold and issues claims to account holders denominated in gold. Unallocated gold accounts not classified as monetary gold are included as Currency and deposits in Other investment.6.5.2.Special drawing rights (F12/AF12)Special drawing rights (SDR) are international reserve assets created by the IMF and allocated to members to supplement existing official reserves. SDRs are held only by the monetary authorities of IMF members and by a limited number of international financial institutions that are authorised holders.6.5.3.Reserve position in the IMFThis is the sum of (a) the "reserve tranche," that is, the foreign currency (including SDRs) amounts that a member country may draw from the IMF at short notice; and (b) any indebtedness of the IMF (under a loan agreement) in the General Resources Account that is readily available to the member country.6.5.4.Other reserve assetsThese comprise: Currency and deposits, Securities, Financial derivatives and Other claims. Deposits refer to those available on demand. Securities include liquid and marketable equity and debt securities issued by non-residents, including investment funds shares or units. Financial derivatives are recorded in reserve assets only if the derivatives pertaining to the management of the reserve assets are integral to the valuation of such assets. Other claims include loans to non-resident non-banks, long-term loans to an IMF Trust account and other financial assets not included previously but that meet the reserve assets definition.

Regulation (EC) No 184/2005 of the European Parliament and of the Council of 12 January 2005 on Community statistics concerning balance of payments, international trade in services and foreign direct investment