TARGET GROUP | Officials in central banks and other agencies charged with collecting and compiling securities statistics. Participants should have a degree in economics and statistics or equivalent experience. Knowledge of basic financial mathematics is advantageous.
DESCRIPTION | This one-week course, presented by the IMF’s Statistics Department, familiarizes participants with the methodology recommended by the Handbook on Securities Statistics, a joint undertaking of the IMF, the Bank for International Settlements, and the European Central Bank, 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