ESA95 manual on government deficit and debt - Securisation operations undertaken by general government (Part V) (PDF) - Products Manuals and Guidelines

This document is a new original part of the ESA95 Manual on government deficit and debt of which a third edition is planned for 2004. This new part deals with securitisation transactions undertaken by government units. It is based on the Eurostat decision on 3rd of July 2003 (see Press release on the same date) that has fixed clear rules for recording such transactions in national accounts, notably as regards their impact on government deficit and debt. As usual, this document is the result of a close cooperation between European experts and has been endorsed by the CMFB. Considering the high importance of the issue, Eurostat has preferred to make available it to a large public before the complete new edition of the Manual.