The Statistical Measurement of Financial Derivatives

IMF Working Papers, March 1, 1998

Source details

The System of National Accounts 1993 (1993 SNA) provided new standards for the statistical treatment of financial derivatives.
Financial derivative markets have evolved since the 1993 SNA, prompting requests from national statisticians for clarification and amplification of the 1993 SNA and the fifth edition of the IMF’s Balance of Payments Manual (BPM5).
Meeting this need is the main purpose of this working paper.
The paper’s recommendations have been widely discussed in international meetings and have been approved by bodies that effect changes in the 1993 SNA and BPM5.

Purpose: Clarify and amplify recommendations in the 1993 SNA and BPM5 regarding financial derivatives.
Scope: Statistical measurement and treatment of financial derivatives as relevant to national accounts and balance of payments statistics.

Emphasis on updating statistical guidance to reflect the evolution of financial derivative markets.
Recommendations aim to provide clarity for national statisticians implementing the 1993 SNA and BPM5 guidance.
The working paper’s recommendations have been subject to extensive international discussion and approval by relevant bodies.

Subject: Currencies, Financial derivatives, Financial institutions, Financial instruments, Money, National accounts, Options
Keywords: cash settlement, Currencies, derivative contract, economic value, financial derivative, Financial derivatives, market price, Options, options contract, unit of account, WP

The Statistical Measurment of Financial Derivatives - WP/98/24
- The Statistical Measurment of Financial Derivatives - WP/98/24 (Markdown version)
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