JVI is gradually resuming classroom delivery. This course is scheduled to take place at JVI, but may have to be delivered virtually in case safe travel to and in-person training in Vienna will not be possible. The decision to offer virtual instead of onsite training, or a combination of the two (hybrid), will be made within 5 weeks of the course start date.
TARGET GROUP | Officials in central banks and other agencies responsible for collecting and compiling securities statistics. Participants are expected to have a degree in economics and/or statistics or equivalent experience. Knowledge of basic financial mathematics is an advantage.
DESCRIPTION | This course, presented by the IMF’s Statistics Department and delivered in collaboration with the Bank for International Settlements (BIS) and the European Central Bank (ECB), familiarizes participants with the methodology recommended by the Handbook on Securities Statistics, a joint undertaking of the IMF, the BIS, and the ECB, published in May 2015. The course covers definition and features of securities, securitization, and related operation; valuation and recording of securities; classification schemes and presentation tables for securities; and security-by-security databases. A practical exercise on valuation and recording of different types of debt securities complements the lectures.
OBJECTIVES | Upon completion of this course, participants should be able to:
• Identify the concepts underlying securities statistics in terms of sectorization, valuation, and accounting rules.
• Describe the framework and technical challenges involved in constructing security-by-security databases.
• Calculate nominal and market values for different types of debt securities based on their characteristics and market fluctuations.
• Interpret the presentation tables for securities statistics recommended by the G-20 Data Gaps Initiative.