What Is a Drawing Account?

Financial accounts (accounts of various sectors or the economy as a whole) during various periods of financial transactions refer to ownership transactions in which a country s economy changes its ownership of external assets and liabilities. Financial account records and accounts for all transactions involving changes in financial assets and liabilities that occur between institutional units and between institutional units and abroad, including transactions between financial instruments and transactions between financial instruments and non-financial instruments.

Financial account

Right!

financial

financial

Classified by function:

Financial account records and accounting

(1) Internal departmental balance and vertical balance:

Financial Institutions:

financial

1,

Monetary gold and special drawing rights.

Refers to the sale and purchase of gold among monetary authorities. Current purchase minus net sales of gold Assets of financial institutions increase or decrease Assets of foreign departments decrease or increase SDR transactions are similar, but the IMF allocates and cancels SDRs, etc. , Cannot be credited to this account.

Money and deposits.

Compared with the beginning of the period, the net increase in currency holdings changes in the assets of each holding sector, corresponding to this: the current net issue of domestic currency is recorded as the change in liabilities of financial institutions, and the net inflow of foreign currency is recorded as foreign Changes in departmental liabilities. Net increase in current deposits of each department asset side of financial account of each department changes in liabilities of financial institutions (referring to domestic deposits) and changes in liabilities of foreign departments (referring to foreign deposits).

Securities other than stocks.

Taking bonds as an example, the net debt issued by other departments in the current period minus the disposal (cashing or sale) of each department changes in the assets of that department; the net debt issued by each department in the current period changes in the liabilities of each department.

Loans.

Current loans issued by domestic financial institutions to enterprises, governments, residents, and foreign countries less the net current settlement of the original loans changes in assets of financial institutions and changes in liabilities of each borrowing sector; net loans obtained from abroad should each borrowing sector Changes in liabilities and assets in foreign sectors.

Stocks and other property rights.

For corporate enterprises, the owner s current net increase in the company s equity (that is, the difference between the increase and withdrawal) changes in the assets of the owner s department to changes in the corporate department s liabilities For corporate enterprises, the current issuance of new voting and other net increase in property rights corporate sector Changes in liabilities, changes in the assets of the purchaser and the owner of the property right, the purchase and sale of original stocks and property rights transactions each department should record the net amount of purchases less sales as changes in assets

Special insurance reserve.

Residents' net interests in life insurance reserves and pension funds: Net changes caused by current transactions that increase or decrease Factors that cause increase in the asset side of the financial account of the resident sector and the liability side of the financial institution: insurance received by the insurance company Total premiums and all contributions received by the pension fund, net property income from the original insurance reserve and pension fund investment, and deducting the corresponding labor and management fees; factors causing the reduction: insurance companies in the current period due to insurance The amount (including dividends and profits) payable to the policyholders and beneficiaries upon expiry or death of the policyholders, is the amount that the pension fund pays to the retirees and dependants at one time or on a regular basis. Prepayments for insurance premiums and outstanding claims: according to the change at the beginning and end of the period the asset side of the financial account of the department to which the insurer belongs and the debtor of the financial account of the financial institution, but it should not include the profit or loss of holding assets.

Other receivables / payables.

Net amount incurred and settled in the current period Changes in the assets of the financial account of the department to which the receivable unit belongs and changes in the liabilities of the department to which the payable unit belongs.