Other accounts receivable/payable (F.7)

5.120 Definition:

The category other accounts receivable/payable (F.7) consists of all transactions in other accounts receivable/payable (AF.7) that is financial claims which are created as a counterpart of a financial or a non-financial transaction in cases where there is a timing difference between this transaction and the corresponding payment.

5.121 Category F.7 includes transactions in financial claims which stem from the early or late payment for transactions in goods or services, distributive transactions or secondary trade in financial assets. They consist of the counterpart transactions in case payment is due and not yet paid. Debts arising from income accruing over time and arrears are also classified under this category.

5.122 Category F.7 does not include:

1. statistical discrepancies other than timing differences between transactions in goods and services, distributive transactions or financial transactions and the corresponding payments;
2. items about which there is not enough information for them to be classified. The classification should be based on whatever information is available;
3. items about whose nature nothing whatsoever is known;
4. the miscellaneous item of the balance of payments described as net errors and omissions;
5. early or late payment (inclusive of arrears) in case of the creation of financial assets or the redemption of liabilities other than classified in category F.7. They remain classified in their category.