The financial account

11.1. The financial account records transactions that involve financial assets and liabilities and that take place between institutional units and between institutional units and the rest of the world. The left side of the account (table 11.1. Account III.2) records acquisitions less disposals of financial assets, while the right side records incurrence of liabilities less their repayment. Net incurrence of liabilities less net acquisition of financial assets is equal in value, with the opposite sign, to net lending/borrowing, the balancing item in the capital account. In the SNA, financial assets are classified under seven eight major categories (the full classification is presented in table 11.2).

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