Research Primer: Handbook on Securities Statistics
The International Monetary Fund has made available a free pre-publication section of a new Handbook on Securities Statistics, produced in conjunction with the Bank for International Settlements (BIS) and the European Central Bank (ECB).
The Handbook is the first publication of its kind dealing exclusively with the conceptual framework for the compilation and presentation of securities statistics. It directly addresses a recommendation of one of the Group of Twenty (G20) working groups concerning the need to fill data gaps and strengthen data collection.
The aim of the first part of the Handbook is to assist national and international agencies in the production of relevant, coherent and internationally comparable securities statistics for use in financial stability analysis and monetary policy formulation.
A useful feature of the handbook is its clear and simple definitions of terms used in the securities market.
Securitisation results in debt securities for which coupon or principal payments (or both) are backed by specified financial or non-financial assets or future income streams. A variety of assets or future income streams may be used securitised including, among others: residential and commercial mortgage loans; consumer loans; corporate loans; government loans; credit derivatives, and future revenue.
Topics covered include:
- Main features of debt securities
- Institutional units and sectors
- Securitisation
- Accounting rules, valuation and accrued interest
- Classification of debt securities
- Detailed presentation tables
- Metadata
- Structured debt securities
- Islamic debt securities
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