Tuesday, September 11, 2012

CAPITAL AND FINANCIAL ACCOUNT

     

   Capital account. The capital account covers all transactions that involve the receipt or payment of capital transfers (transfers for investment, debt forgiveness, migrants’ transfers, etc) and acquisition disposal of nonfinancial assets and ownership. The volumes of transactions reflected in this item are inconsiderable. The information source for accounting this item are bank reports used for BOP compilation. Financial account. The financial account covers all transactions that involve a change of ownership including the creation and liquidation of external assets and claims of a country, or in other words, the creation and liquidation of liabilities between residents and nonresidents.