1. Results of the AEG e-discussion on Reverse transactions
UN STATISTICS DIVISION
Economic Statistics Branch
National Accounts Section

2. Reverse transactions Introduction No consensus over treatment
Suggested that:
There is no change to current SNA treatment
Issue remain on the research agenda
That the following clarifications be added
Added explanations on securities-lending and gold loans
Remove reference on not being able to on-sell
Short positions as negative assets

3. Reverse transactions cont
Comments
Securities lending and gold loans cannot be treated as collateral loans as no lending takes place
The negative asset adjustment is not generally acceptable

4. Reverse transactions cont
Results Yes No No response
1. Continue collateralized loan
approach
2. Agree to proposed
clarifications
3. Keep subject on research
agenda

5. Reverse transactions cont
Conclusion
The consultation shows that most of the AEG members participating support the recommendations on reverse transactions

6. Thank You