International Investment Position (IIP) metadata - Venezuela, República Bolivariana de

International Investment Position (IIP)

Venezuela, República Bolivariana de
The following text was confirmed as current in September 2017

I. General
1. Methodological basis for the compilation of IIP:
BPM5

2. Frequency of the IIP data compilation:

Quarterly

3. Integrated IIP statement (showing opening position, transactions, other changes, and closing
position) is compiled:
Yes

4a. Basis for Direct investment position data:

Stock Data

4b. Basis for Portfolio investment position data:

Stock Data

4c. Basis for Financial Derivatives (other than reserves) and Employee Stock Options position data:
Stock Data

4d. Basis for Other investment position data:

Stock Data

4e. Basis for Reserve Assets position data:

Stock Data

5a. Data Sources in the IIP for Direct Investment are the same as in the BOP:
Yes

5b. Data Sources in the IIP for Portfolio Investment are the same as in the BOP:
Yes

5c. Data Sources in the IIP for Financial Derivatives (other than reserves) and Employee Stock
Options are the same as in the BOP:
Yes

5d. Data Sources in the IIP for Other Investment are the same as in the BOP:
Yes

5e. Data Sources in the IIP for Reserve Assets are the same as in the BOP:
Yes
International Investment Position (IIP) metadata - Venezuela, República Bolivariana de

5f. Additional explanations and details on methodology for individual instruments for each
functional category in the IIP:
In some cases we also use the transaction accumulation basis.

6. Coverage of the special purpose entities (flexible corporate structures) with little or no physical
presence:

6a. Additional comments and explanations on the special purpose entities (flexible corporate
structures) with little or no physical presence:
None

7. Additional comments and explanations on the "IIP: General" section:

None

II. Specific Items

Direct investment (DI)
8. Coverage of the Direct investment data:
Yes, both inward and outward

9a. Gross assets and gross liabilities for the Direct investment equity are reported separately:
Yes

9b. Gross assets and gross liabilities for the Direct investment debt are reported separately:
Yes

10. Coverage of the listed and unlisted equity in the IIP:

Yes, both listed and unlisted equity are covered.

11a. Main valuation method for listed equity:

Own funds at book value

11b. Main valuation method for unlisted equity:

Own funds at book value

12a. Main valuation method for DI in the form of Debt securities:

Not covered in the IIP and not recorded in DI functional category

12b. Main valuation method for DI in the form of Debt other than securities:
Historic cost

13a. Equity position includes reinvested earnings in the valuation of direct investment:
Yes

13b. Measures Real Estate in Direct investment:

No

13c. Excludes permanent debt between selected affiliated financial corporations from Direct
investment:
International Investment Position (IIP) metadata - Venezuela, República Bolivariana de

Yes

13d. Covers positions between fellow enterprises in Direct investment:

Yes

13e. Participates in the IMF's Coordinated Direct Investment Survey (CDIS) (DATA):
Yes

13f. Participates in the IMF's Coordinated Direct Investment Survey (CDIS) (METADATA):
No

14. Additional comments and explanations on the "IIP: Direct investment" section:
None

Portfolio investment (PI)

15. Valuation method used in Portfolio investment:
Market value

16. Basis for collection of Portfolio investment Securities data:

Security by security basis

17. Data collection source for Portfolio investment:

Mixed

18a. Instruments issued by residents in international markets and held by non-residents are covered
in the IIP:
Yes

18b. Holdings of residents are excluded from total value of instruments issued by residents (liabilities)
in international markets:
Yes

18c. Instruments issued by residents on domestic markets and held by nonresidents are covered in
the IIP:
Yes

18d. Accrued interest is included in the value of securities:

19a. Country participates in the IMF's Coordinated Portfolio Investment Survey (CPIS) (DATA):
Yes

19b. Country participates in the IMF's Coordinated Portfolio Investment Survey (CPIS)
(METADATA):
Yes

20. Additional comments and explanations on the "IIP: Portfolio investment" section:
For some sectors, aggregate basis is used to collect data of securities' position.

Financial derivatives (other than reserves) and employee stock options

International Investment Position (IIP) metadata - Venezuela, República Bolivariana de

21a. Financial derivatives are compiled on a gross basis (assets and liabilities separately):
No

21b. Market value is used as the valuation method for positions in derivatives:
No

22a. Positions in financial derivatives (other than reserves) are covered for General Government:
No, because they are not significant

22b. Positions in financial derivatives (other than reserves) are covered for Central Bank:
No, because they are not significant

22c. Positions in financial derivatives (other than reserves) are covered for Deposit-taking
Corporations except the Central Bank:
No, because they are not significant

22d. Positions in financial derivatives (other than reserves) are covered for Other Financial
Corporations:
No, because they are not significant

22e. Positions in financial derivatives (other than reserves) are covered for Non financial
corporations, NPISHs, and households:
No, because they are not significant

23. Additional comments and explanations on the "IIP: Financial derivatives (other than reserves)
and employee stock options" section:
None

Other investment
24. Valuation method used for loans:
Nominal value (outstanding amount the debtor owes to the creditor; this is outstanding principal
amount including any accrued interest)

24a. Comments/additional clarification on valuation method for loans:

None

25. Accrued interest is included in the value of the outstanding amount:

Partially

26. Basis of collection for loan data:

Aggregated basis

27. Trade credit data are compiled:

Yes, both short and long term trade credit

28. Quarterly external debt data are compiled and disseminated:

International Investment Position (IIP) metadata - Venezuela, República Bolivariana de

29. Participates in the QEDS (the World Bank and IMF Quarterly External Debt Statistics
Database):
No

30. External debt data are consistent with IIP:

Yes

31. Additional comments and explanations on the "IIP: Other investment" section:
For some sectors, loan to loan basis is used to collect data on loans' positions.

Reserve assets
32. Please provide explanations below on the International Investment Position: Reserve assets.
Please include specific information on:

32a. Notes on Data Coverage: International Investment Position- Reserve Assets:

The data coverage of reserve assets is 100%, given that reserve assets are managed by the BCV.

32b. Notes on Sources of Data: International Investment Position- Reserve Assets:

Data on reserve assets come from the information provided by different management offices in the
BCV through accounting vouchers.

32c. Notes on Valuation: International Investment Position- Reserve Assets:

Reserve assets are valued at: exchange rate at end period and market prices.

32d. Other Comments on International Investment Position- Reserve Assets:

There are no limitations in data coverage, as the main source is the monetary authority, who is
responsible for the generation of the BOP.

33. Data on reserve assets are compiled and disseminated in the Data Template on International
Reserves and Foreign Currency Liquidity:
No

34. Reserves Data Template is fully consistent with reserve assets data in the IIP:
Not Applicable