1. BPM6 Compilation Guide
Working Party on International Trade in Goods and Trade in Services Statistics
Paris, France
November 7–9, 2011

2. Outline Current Status Overview of Drafted Chapters
Coordination with the Services Compilation Guide
BPM6 CG Timetable

3. Current Status (1/2)
The BPM6 CG will consist of 17 chapters and 2 appendices
8 chapters and 2 appendices have been drafted and sent to the members of the IMF Committee on Balance of Payments Statistics (Committee) for review
The twenty-fourth meeting of the Committee took place during October 24–26, 2011 in Moscow
Many of the most complex or anticipated chapters were among those drafted first (e.g., exceptional financing; insurance transactions and positions; services)

4. Current Status (2/2) BPM6 CG website established in late 2010
Includes country implementation plans (Chile, Russian Federation), conversion matrix, as well as related material
Will be updated with relevant 2011 Committee papers
STA will post material on new IMF BPM6 CG website for worldwide comments

5. Overview of Drafted Chapters (1/4)
Chapter 2: How to Conduct a Survey
Chapter 4: International Transactions Reporting System
Chapter 5: International Merchandise Trade Statistics
Chapter 11: Goods
Chapter 12: Services
Chapter 13: Primary Income
Chapter 16: Exceptional Financing
Chapter 17: The Accessibility and Serviceability of the Statistics
Appendix II: Insurance Transactions and Positions
Appendix VI: Linkages with Other Macroeconomic Datasets

6. Overview of Drafted Chapters (2/4)
Chapter 2: How to Conduct a Survey
discusses the procedures of organizing and conducting a survey
drafted drawing from the CDIS Guide
Chapter 4: International Transactions Reporting System
describes the ITRS and the uses of the data from the ITRS in compiling international accounts
Chapter 5: International Merchandise Trade Statistics
Examines IMTS and reviews the differences between the concepts used in IMTS and BPM6
Chapter 11: Goods
describes how data on goods transactions could be obtained from different data sources and used to compile estimates on a BPM6 basis

7. Overview of Drafted Chapters (3/4)
Chapter 12: Services
describes the compilation of services components excepts for insurance and FISIM which are presented in separate appendixes
Chapter 13: Primary Income
examines data sources and compilation techniques of primary income with emphasis on borderline issues
Chapter 16: Exceptional Financing
discusses the rearrangement or splitting of the balance of payments items in the analytical presentation and reviews the exceptional financing transactions
drafted drawing from Appendixes 1 and 2 of the BPM6

8. Overview of Drafted Chapters (4/4)
Chapter 17: The Accessibility and Serviceability of the Statistics
addresses quality issues relating to dimensions 4 (serviceability) and 5 (accessibility) of the IMF Data Quality Assessment Framework
Appendix II: Insurance Transactions and Positions
reviews the treatment of the various transactions relating to insurance, by type of insurance
Appendix VI: Linkages with Other Macroeconomic Datasets
will include three sub-chapters dedicated to national accounts, monetary and financial statistics, and government finance statistics
sub-chapter dedicated to national accounts has been drafted

9. Coordination with the Services Compilation Guide (1/2)
BPM6 CG provides guidance on data sources and compilation techniques for all BOP and IIP accounts. Regarding services account, BPM6 CG includes one chapter on services, two appendixes on insurance and FISIM, and a number of model forms dedicated to collecting data on services for the BOP needs
The chapter on services together with two appendices on insurances and FISIM describe data sources (e.g., ITRS, IMTS, enterprise surveys, and administrative sources) and compilation procedures for all types of services

10. Coordination with the Services Compilation Guide (2/2)
Particular emphasis in BPM6 CG will be on borderline cases such as:
travel versus compensation of employees;
charge for use of intellectual property versus income or capital account transactions;
construction services versus foreign direct investment; manufacturing services on physical inputs owned by others versus trade in goods
Coordination with the Services CG is important
As the BPM6 CG will discuss methods of collecting source data (ITRS, surveys, etc.), the Services CG could cross reference the BPM6 CG rather than include similar detailed information on this same topic

11. BPM6 CG Timetable Activity Target Date First set of key draft chapters
September/October 2010
Develop BPM6 CG website
Post BPM6 Implementation plans
Post chapters as they become available
September 2010 (completed)
Starting October 2011
Worldwide consultation on first set of chapters
Starting October 2011, with the deadline for comments on each chapter eight weeks after the posting
Revise first set of chapters
January-February 2012
Second set of draft chapters disseminated to BOPCOM members and posted on the IMF website for comments
March 2012
Worldwide consultation on second set of chapters
March-May 2012
Revise second set of chapters
June-July 2012
Final editing of all chapters
August-September 2012
BPM6 Compilation Guide presented to BOPCOM
October 2012
Pre-publication draft of the BPM6 Compilation Guide on the IMF website
December 2012