Financial balance sheets and transactions by sectors; National Accounts

Financial balance sheets and transactions by sectors; National Accounts

Institutional sectors Not consolidated/Consolidated Balance sheets and transactions Periods Assets Total (million euros) Assets Monetary gold and special drawing rights Total (million euros) Assets Monetary gold and special drawing rights Monetary gold (million euros) Assets Monetary gold and special drawing rights Special drawing rights (SDRs) (million euros) Assets Currency and deposits Total (million euros) Assets Currency and deposits Currency (million euros) Assets Currency and deposits Transferable deposits (million euros) Assets Currency and deposits Savings deposits and other deposits Total (million euros) Assets Currency and deposits Savings deposits and other deposits Savings deposits (million euros) Assets Currency and deposits Savings deposits and other deposits Other deposits (million euros) Assets Debt securities Total (million euros) Assets Debt securities Short-term securities (million euros) Assets Debt securities Long-term securities (million euros) Assets Loans Total (million euros) Assets Loans Short-term loans (million euros) Assets Loans Long-term loans (million euros) Assets Equity, investment fund shares or units Total (million euros) Assets Equity, investment fund shares or units Equity Total (million euros) Assets Equity, investment fund shares or units Equity Listed shares (million euros) Assets Equity, investment fund shares or units Equity Unlisted shares (million euros) Assets Equity, investment fund shares or units Equity Other equity (million euros) Assets Equity, investment fund shares or units Investment fund shares or units Total (million euros) Assets Equity, investment fund shares or units Investment fund shares or units Money market fund (MMF) shares or units (million euros) Assets Equity, investment fund shares or units Investment fund shares or units Non-MMF investment fund shares/units (million euros) Assets Insurance, pension and guarantee schemes Total (million euros) Assets Insurance, pension and guarantee schemes Non-life insurance technical reserves (million euros) Assets Insurance, pension and guarantee schemes Life insurance and annuity entitlements (million euros) Assets Insurance, pension and guarantee schemes Pension entitlements and claims (million euros) Assets Insurance, pension and guarantee schemes Provisions for calls under guarantees (million euros) Assets Fin. derivatives, employee stock options Total (million euros) Assets Fin. derivatives, employee stock options Financial derivatives Total (million euros) Assets Fin. derivatives, employee stock options Financial derivatives Options (million euros) Assets Fin. derivatives, employee stock options Financial derivatives Forwards (million euros) Assets Fin. derivatives, employee stock options Employee stock options (million euros) Assets Other accounts receivable/payable Total (million euros) Assets Other accounts receivable/payable Trade credits and advances (million euros) Assets Other accounts receivable/payable Other receivable/payable (million euros) Liabilities Totaal (million euros) Liabilities Monetary gold and special drawing rights Total (million euros) Liabilities Monetary gold and special drawing rights Monetary gold (million euros) Liabilities Monetary gold and special drawing rights Special drawing rights (SDRs) (million euros) Liabilities Currency and deposits Total (million euros) Liabilities Currency and deposits Currency (million euros) Liabilities Currency and deposits Transferable deposits (million euros) Liabilities Currency and deposits Savings deposits and other deposits Total (million euros) Liabilities Currency and deposits Savings deposits and other deposits Savings deposits (million euros) Liabilities Currency and deposits Savings deposits and other deposits Other deposits (million euros) Liabilities Debt securities Total (million euros) Liabilities Debt securities Short-term securities (million euros) Liabilities Debt securities Long-term securities (million euros) Liabilities Loans Total (million euros) Liabilities Loans Short-term loans (million euros) Liabilities Loans Long-term loans (million euros) Liabilities Equity, investment fund shares or units Total (million euros) Liabilities Equity, investment fund shares or units Equity Total (million euros) Liabilities Equity, investment fund shares or units Equity Listed shares (million euros) Liabilities Equity, investment fund shares or units Equity Unlisted shares (million euros) Liabilities Equity, investment fund shares or units Equity Other equity (million euros) Liabilities Equity, investment fund shares or units Investment fund shares or units Total (million euros) Liabilities Equity, investment fund shares or units Investment fund shares or units Money market fund (MMF) shares or units (million euros) Liabilities Equity, investment fund shares or units Investment fund shares or units Non-MMF investment fund shares/units (million euros) Liabilities Insurance, pension and guarantee schemes Total (million euros) Liabilities Insurance, pension and guarantee schemes Non-life insurance technical reserves (million euros) Liabilities Insurance, pension and guarantee schemes Life insurance and annuity entitlements (million euros) Liabilities Insurance, pension and guarantee schemes Pension entitlements and claims (million euros) Liabilities Insurance, pension and guarantee schemes Provisions for calls under guarantees (million euros) Liabilities Fin. derivatives, employee stock options Total (million euros) Liabilities Fin. derivatives, employee stock options Financial derivatives Total (million euros) Liabilities Fin. derivatives, employee stock options Financial derivatives Options (million euros) Liabilities Fin. derivatives, employee stock options Financial derivatives Forwards (million euros) Liabilities Fin. derivatives, employee stock options Employee stock (million euros) Liabilities Other accounts receivable/payable Total (million euros) Liabilities Other accounts receivable/payable Trade credits and advances (million euros) Liabilities Other accounts receivable/payable Other receivable/payable (million euros) Net worth (million euros)
Total domestic sectors Not consolidated Opening balance sheet 2021 1st quarter* 17,771,642 35,939 30,129 5,810 1,981,584 16,586 821,937 1,143,061 394,740 748,321 1,466,619 81,288 1,385,331 4,003,278 1,116,797 2,886,481 7,068,999 5,791,163 834,044 4,928,596 28,523 1,277,836 61,153 1,216,683 2,152,429 38,484 189,189 1,922,836 1,920 608,590 608,202 104,913 503,289 388 454,204 158,984 295,220 16,860,477 5,700 5,700 2,016,631 77,846 1,010,990 927,795 379,854 547,941 1,778,980 113,762 1,665,218 3,306,480 1,076,067 2,230,413 6,596,126 5,605,915 1,217,898 4,321,268 66,749 990,211 6,636 983,575 2,147,087 39,969 187,605 1,917,593 1,920 491,625 491,237 100,112 391,125 388 517,848 136,035 381,813 911,165
Total domestic sectors Not consolidated Opening balance sheet 2021 2nd quarter* 17,968,339 34,195 28,304 5,891 2,092,675 17,225 893,149 1,182,301 404,285 778,016 1,432,020 66,237 1,365,783 4,115,146 1,181,230 2,933,916 7,225,322 5,927,713 885,572 5,013,543 28,598 1,297,609 46,364 1,251,245 2,033,071 39,382 182,627 1,809,142 1,920 548,636 548,267 114,010 434,257 369 487,274 162,894 324,380 17,150,359 5,843 5,843 2,125,736 78,568 1,030,810 1,016,358 389,399 626,959 1,788,181 122,324 1,665,857 3,327,496 1,085,543 2,241,953 6,846,515 5,827,432 1,379,358 4,376,504 71,570 1,019,083 2,186 1,016,897 2,027,757 40,531 181,099 1,804,207 1,920 493,682 493,313 110,278 383,035 369 535,149 139,825 395,324 817,980
Total domestic sectors Not consolidated Financial transactions 2021 1st quarter* 202,069 -40 0 -40 101,826 639 68,579 32,608 9,533 23,075 -1,577 -15,158 13,581 82,993 48,446 34,547 -35,760 5,631 -17,769 23,435 -35 -41,391 -15,539 -25,852 7,083 1,295 118 5,670 0 15,151 15,149 18,191 -3,042 2 32,393 3,910 28,483 181,161 0 0 98,009 722 13,593 83,694 9,533 74,161 14,072 6,715 7,357 10,042 1,712 8,330 17,539 36,393 17,464 17,671 1,258 -18,854 -4,450 -14,404 7,070 1,352 118 5,600 0 17,714 17,712 17,712 2 16,715 3,790 12,925 20,908
Total domestic sectors Not consolidated Financial transactions 2021 2nd quarter* 144,068 45 0 45 83,225 844 48,814 33,567 7,010 26,557 37,099 5,103 31,996 24,862 21,951 2,911 -22,254 -11,854 -16,901 5,025 22 -10,400 2,573 -12,973 7,092 -35 -712 7,839 0 11,342 11,340 16,694 -5,354 2 2,657 7,158 -4,501 123,905 0 0 60,517 1,829 56,257 2,431 7,010 -4,579 -6,474 -15,891 9,417 40,025 34,458 5,567 -13,198 230 14,981 -16,009 1,258 -13,428 229 -13,657 7,406 335 -712 7,783 0 16,593 16,591 16,591 2 19,036 6,154 12,882 20,163
Total domestic sectors Not consolidated Other changes 2021 1st quarter* -5,372 -1,704 -1,825 121 9,265 0 2,633 6,632 12 6,620 -33,022 107 -33,129 28,875 15,987 12,888 192,083 130,919 69,297 61,512 110 61,164 750 60,414 -126,441 -397 -6,680 -119,364 0 -75,105 -75,084 -9,094 -65,990 -21 677 0 677 108,721 143 143 11,096 0 6,227 4,869 12 4,857 -4,871 1,847 -6,718 10,974 7,764 3,210 232,850 185,124 143,996 37,565 3,563 47,726 0 47,726 -126,400 -790 -6,624 -118,986 0 -15,657 -15,636 -7,546 -8,090 -21 586 0 586 -114,093
Total domestic sectors Not consolidated Other changes 2021 2nd quarter* 86,928 781 822 -41 -1,573 0 -623 -950 -4 -946 -2,732 17 -2,749 -9,715 -7,746 -1,969 121,086 65,644 42,338 23,189 117 55,442 -453 55,895 5,849 31 603 5,215 0 -26,564 -26,543 -11,281 -15,262 -21 -204 0 -204 81,934 -40 -40 -3,264 0 -1,806 -1,458 -4 -1,454 -1,804 -543 -1,261 -4,157 -2,563 -1,594 121,229 78,283 50,741 24,054 3,488 42,946 0 42,946 5,560 -282 598 5,244 0 -35,449 -35,428 -11,510 -23,918 -21 -141 0 -141 4,994
Total domestic sectors Not consolidated Price changes and revaluations 2021 1st quarter* -5,646 -1,704 -1,825 121 9,206 0 2,635 6,571 12 6,559 -33,022 107 -33,129 28,419 17,038 11,381 192,313 130,962 69,297 61,555 110 61,351 750 60,601 -126,441 -397 -6,680 -119,364 0 -75,105 -75,084 -9,094 -65,990 -21 688 0 688 108,450 143 143 11,096 0 6,227 4,869 12 4,857 -4,783 1,896 -6,679 11,169 7,871 3,298 232,298 184,572 144,007 37,002 3,563 47,726 0 47,726 -126,400 -790 -6,624 -118,986 0 -15,657 -15,636 -7,546 -8,090 -21 584 0 584 -114,096
Total domestic sectors Not consolidated Price changes and revaluations 2021 2nd quarter* 86,591 781 822 -41 -2,441 0 -623 -1,818 -4 -1,814 -2,732 17 -2,749 -9,237 -6,362 -2,875 121,086 65,644 42,338 23,189 117 55,442 -453 55,895 5,849 31 603 5,215 0 -26,564 -26,543 -11,281 -15,262 -21 -151 0 -151 81,542 -40 -40 -3,264 0 -1,806 -1,458 -4 -1,454 -1,808 -543 -1,265 -4,019 -2,490 -1,529 120,703 77,757 50,741 23,528 3,488 42,946 0 42,946 5,560 -282 598 5,244 0 -35,449 -35,428 -11,510 -23,918 -21 -141 0 -141 5,049
Total domestic sectors Not consolidated Other volume changes 2021 1st quarter* 274 0 0 0 59 0 -2 61 0 61 0 0 0 456 -1,051 1,507 -230 -43 0 -43 0 -187 0 -187 0 0 0 0 0 0 0 0 0 0 -11 0 -11 271 0 0 0 0 0 0 0 0 -88 -49 -39 -195 -107 -88 552 552 -11 563 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2 0 2 3
Total domestic sectors Not consolidated Other volume changes 2021 2nd quarter* 337 0 0 0 868 0 0 868 0 868 0 0 0 -478 -1,384 906 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -53 0 -53 392 0 0 0 0 0 0 0 0 4 0 4 -138 -73 -65 526 526 0 526 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -55
Total domestic sectors Not consolidated Closing balance sheet 2021 1st quarter* 17,968,339 34,195 28,304 5,891 2,092,675 17,225 893,149 1,182,301 404,285 778,016 1,432,020 66,237 1,365,783 4,115,146 1,181,230 2,933,916 7,225,322 5,927,713 885,572 5,013,543 28,598 1,297,609 46,364 1,251,245 2,033,071 39,382 182,627 1,809,142 1,920 548,636 548,267 114,010 434,257 369 487,274 162,894 324,380 17,150,359 5,843 5,843 2,125,736 78,568 1,030,810 1,016,358 389,399 626,959 1,788,181 122,324 1,665,857 3,327,496 1,085,543 2,241,953 6,846,515 5,827,432 1,379,358 4,376,504 71,570 1,019,083 2,186 1,016,897 2,027,757 40,531 181,099 1,804,207 1,920 493,682 493,313 110,278 383,035 369 535,149 139,825 395,324 817,980
Total domestic sectors Not consolidated Closing balance sheet 2021 2nd quarter* 18,199,335 35,021 29,126 5,895 2,174,327 18,069 941,340 1,214,918 411,291 803,627 1,466,387 71,357 1,395,030 4,130,293 1,195,435 2,934,858 7,324,154 5,981,503 911,009 5,041,757 28,737 1,342,651 48,484 1,294,167 2,046,012 39,378 182,518 1,822,196 1,920 533,414 533,064 119,423 413,641 350 489,727 170,052 319,675 17,356,198 5,803 5,803 2,182,989 80,397 1,085,261 1,017,331 396,405 620,926 1,779,903 105,890 1,674,013 3,363,364 1,117,438 2,245,926 6,954,546 5,905,945 1,445,080 4,384,549 76,316 1,048,601 2,415 1,046,186 2,040,723 40,584 180,985 1,817,234 1,920 474,826 474,476 115,359 359,117 350 554,044 145,979 408,065 843,137
Source: CBS.
Explanation of symbols

Table description


This table presents financial transactions, other changes in assets and financial balance sheets of the sectors of the Dutch economy. It enables insight in many financial aspects in the Netherlands. Such as the magnitude of the debt of the government, the mortgage debt of households, the assets of investment funds in shares, the loans lent by financial corporations. Sectors are presented both consolidated and non-consolidated in this table.

Data available from:
Annual figures from 1995.
Quarterly figures from first quarter 1999.

Status of the figures:
The figures from 1995 up to and including 2018 are final. Data of 2019, 2020 and 2021 are provisional.

Changes as of September 23rd, 2021:
Data on the second quarter of 2021 have been added.

When will new figures be published?
Annual figures: Provisional data are published 6 months after the end of the reporting year. Final data are released 18 months after the end of the reporting year.
Quarterly figures: The first quarterly estimate is available 85 days after the end of each reporting quarter. The first quarter may be revised in September, the second quarter in December. Should further quarterly information become available thereafter, the estimates for the first three quarters may be revised in March. If (new) annual figures become available in June, the quarterly figures will be revised again to bring them in line with the annual figures.

Description topics

Assets
Total
Monetary gold and special drawing rights
The monetary gold and special drawing rights category consists of two subcategories:
- monetary gold
- special drawing rights
Total
Monetary gold
Monetary gold includes all gold, which is not intended for industrial purposes and not held in the form of valuables. Monetary gold can only be held by the Dutch Central Bank (DNB).
Special drawing rights (SDRs)
SDRs are international reserve assets created by the International Monetary Fund (IMF) and which are allocated to its members to supplement existing reserve assets. This transaction only exists for DNB.
Currency and deposits
Currency is notes and coins that are issued or authorised by monetary authorities. Deposits are standardised, non-negotiable contracts with the public at large, offered by deposit-taking corporations and, in some cases, by central government as debtors, and allowing the placement and the later withdrawal of the principal amount by the creditor. Deposits usually involve the debtor giving back the full principal amount to the investor.
Total
Currency
Currency consists of notes and coins in circulation that are commonly used to make payments.
Transferable deposits
Transferable deposits are deposits exchangeable for currency on demand, at par, and which are directly usable for making payments by cheque, draft, giro order, direct debit/credit, or other direct payment facilities, without penalty or restriction.
Savings deposits and other deposits
Savings deposits and other deposits are all the savings of individuals and deposits (in euros and foreign currency) at any resident and non-resident bank, which are not immediately transferable without restrictions.
Total
Savings deposits
These deposits include all deposits in euros and foreign currency of both residents and non-residents in the form of normal saving accounts, fixed saving accounts, premium saving accounts and fixed-term saving accounts.

Other deposits
Other deposits include all deposits in euros and foreign currency at any resident and non-resident bank (except for saving deposits in euro's), which are not immediately transferable without restrictions.
Debt securities
Debt securities are negotiable financial instruments serving as evidence of debt.
Total
Short-term securities
All securities with a maximum term of one year, which in principle are transferable against a price that has been fixed in advance. Usually, the obliged interest payments of the debtor have been discounted in the value. 'Transferable' means that assets can be converted into cash from, or on a date that has been appointed at the moment the bond was issued.
This transaction covers treasury paper issued by both the Dutch government and foreign governments, saving certificates to bearer and transferable certificates of deposits, issued by banks.

Long-term securities
All transferable securities, which generally do not mature within one year. They are usually quoted at the stock exchange. The interest on long-term bonds is made payable through coupons. Mortgage bonds, notes issued by banks and convertible bonds as long as they have not been converted into shares, also belong to this type of assets.
Loans
Loans are created when creditors lend funds to debtors.
Total
Short-term loans
Short-term loans are all credits, which do not have the characteristics of deposits and which mature by contract within one year. Included are short-term loans from financial institutions, balances on current accounts (except transferable deposits), short-term consumer credit, bills (of exchange) and promissory notes.
Long-term loans
Long-term loans are all credits, which do not have the characteristics of deposits and which do not mature within one year. They mainly concern long-term loans on obligations, mortgage loans and long-term consumer credit.
Equity, investment fund shares or units
Equity and investment fund shares or units are claims, which are -fully, or partly- entitled to a share in profits or in the own funds in case of liquidation. Included is the value of capital formation by the government in public enterprises (quasi-corporations) that belong to the government.
Equity and investment fund shares or units are residual claims on the assets of the Equity and investment fund shares or units include:
- listed shares
- unlisted shares - other equity
- investment fund shares or units

Total
Equity
Equity is a financial asset that is a claim on the residual value of a corporation, after all other claims have been met. Ownership of equity in legal entities is usually evidenced by shares, stocks, depository receipts, participations, or similar documents. Shares and stocks have the same meaning.
Total
Listed shares
Listed shares are equity securities listed on an exchange. Such an exchange may be a recognised stock exchange or any other form of secondary market. Listed shares are also referred to as quoted shares. The existence of quoted prices of shares listed on an exchange means that current market prices are usually readily available.
Unlisted shares
Unlisted shares are equity securities not listed on an exchange.
Other equity
Other equity comprises all forms of equity other than those classified in sub-categories listed shares and unlisted shares.
Investment fund shares or units
Investment fund shares are shares of an investment fund if the fund has a corporate structure. They are known as units if the fund is a trust. Investment funds are collective investment undertakings through which investors pool funds for investment in financial and/or non-financial assets.
Total
Money market fund (MMF) shares or units
Money market fund (MMF) shares or units are shares issued by MMFs. MMF shares or units can be transferable and are often regarded as close substitutes for deposits.
Non-MMF investment fund shares/units
Other investment fund shares or units other than MMF shares or units represent a claim on a portion of the value of an investment fund other than an MMF. These types of shares and units are issued by investment funds.
Insurance, pension and guarantee schemes
Insurance, pension and standardised guarantee schemes are divided into six subcategories:
- non-life insurance technical reserves
- life insurance and annuity entitlements
- pension entitlements
- claims of pension funds on pension managers
- entitlements to non-pension benefits
- provisions for calls under standardised guarantees
Total
Non-life insurance technical reserves
Non-life insurance technical reserves are financial claims that non-life insurance policy holders have against non-life insurance corporations in respect of unearned premiums and claims incurred.
Life insurance and annuity entitlements
Life insurance and annuity entitlements consist of financial claims that life insurance policy holders and beneficiaries of annuities have against corporations providing life insurance.
Pension entitlements and claims
Pension entitlements and claims of pension funds on pension managers and entitlements to non-pension benefits
Pension entitlements comprise financial claims that current employees and former employees hold against either:
- their employers;
- a scheme designated by the employer to pay pensions as part of a compensation agreement between the employer and the employee
- an insurer.

Claims of pension funds on pension managers and entitlements to non-pension benefits
For the Netherlands this category only relates to claims of pension funds on pension managers, entitlements to non-pension benefits don't occur here.
An employer may contract with a third party to look after the pension funds for his employees. If the employer continues to determine the terms of the pension schemes and retains the responsibility for any deficit in funding as well as the right to retain any excess funding, the employer is described as the pension manager and the unit working under the direction of the pension manger is described as the pension administrator. If the agreement between the employer and the third party is such that the employer passes the risks and responsibilities for any deficit in funding to the third part in return for the right of the third party to retain any excess, the third party becomes the pension manager as well as the administrator.
Provisions for calls under guarantees
Provisions for calls under standardised guarantees are financial claims that holders of standardised guarantees have against institutional units providing them. Provisions relating to calls under standardised guarantees are prepayments of net fees and provisions to meet outstanding calls under standardised guarantees. Like provisions for prepaid insurance premiums and reserves, provisions for calls under standardised guarantees include unearned fees (premiums) and calls (claims) not yet settled. Standardised guarantees are guarantees that are issued in large numbers, usually for fairly small amounts, along identical lines. Such arrangements involve three parties: the borrower, the lender and the guarantor. Either the borrower or the lender may contract with the guarantor to repay the lender if the borrower defaults. Examples are export credit guarantees and student loan guarantees.
Fin. derivatives, employee stock options
Financial derivatives and employee stock options are divided into two subcategories:
- financial derivatives
- employee stock options

Total
Financial derivatives
Financial derivatives are financial instruments linked to a specified financial instrument or indicator or commodity, through which specific financial risks can be traded in financial markets in their own right. Financial derivatives meet the following conditions:
- they are linked to a financial or non-financial asset, to a group of assets, or to an index;
- they are either negotiable or can be offset on the market; and
- no principal amount is advanced to be repaid.
The financial derivatives include options and forwards (warrants, futures, swaps and forward rate agreements). Forwards are recorded net on the assets side of the balance sheets, financial transactions and other changes, meaning that no liabilities are presented but only net assets. The outstanding positions can therefore have a negative value.
Total
Options
Options are contracts which give the holder of the option the right, but not the obligation, to purchase from or sell to the issuer of the option an asset at a predetermined price within a given time span or on a given date.
Forwards
Forwards are financial contracts under which two parties agree to exchange a specified quantity of an underlying asset at an agreed price (the strike price) on a specified date.
Employee stock options
Employee stock options are agreements made on a given date under which an employee has the right to purchase a given number of shares of the employer's stock at a stated price either at a stated time or within a period of time immediately following the vesting date.
Other accounts receivable/payable
The transactions in the sector accounts are mainly recorded at a moment that does not coincide with the moment the transaction is completed. These time differences cause changes in assets and liabilities, which are recorded in the transaction 'other accounts receivable and payable'.
For example, sales are recorded at the moment of delivery. At that moment, a claim of the supplier on the buyer (supplier's credit) arises, which is nullified when the buyer pays. Other examples are payments in advance on deliveries (buyer's credit) and due payments or receipts of wages and salaries, interests, contributions etc.

Financial transactions in other accounts receivable/payable comprise:
- Trade credits and advances; and
- Other accounts receivable/payable, excluding trade credits and advances.


Total
Trade credits and advances
Trade credits and advances are financial claims arising from the direct extension of credit by the suppliers of goods and services to their customers, and advances for work that is in progress or is yet to be undertaken, in the form of prepayment by customers for goods and services not yet provided.
Other receivable/payable
Other accounts receivable/payable are financial claims arising from timing differences between distributive transactions or financial transactions on the secondary market and the corresponding payments. Other accounts receivable/payable include financial claims created as a result of the timing difference between accrued transactions and payments made in respect of, for example:
- wages and salaries;
- taxes and social contributions;
- dividends;
- rent; and
- purchase and sale of securities.

Liabilities
Totaal
Monetary gold and special drawing rights
The monetary gold and special drawing rights category consists of two subcategories:
- monetary gold
- special drawing rights
Total
Monetary gold
Monetary gold includes all gold, which is not intended for industrial purposes and not held in the form of valuables. Monetary gold can only be held by the Dutch Central Bank (DNB).
Special drawing rights (SDRs)
Special drawing rights (SDRs) are international reserve assets created by the International Monetary Fund (IMF) and which are allocated to its members to supplement existing reserve assets.
Currency and deposits
Currency is notes and coins that are issued or authorised by monetary authorities. Deposits are standardised, non-negotiable contracts with the public at large, offered by deposit-taking corporations and, in some cases, by central government as debtors, and allowing the placement and the later withdrawal of the principal amount by the creditor. Deposits usually involve the debtor giving back the full principal amount to the investor.
Total
Currency
Currency consists of notes and coins in circulation that are commonly used to make payments.
Transferable deposits
Transferable deposits are deposits exchangeable for currency on demand, at par, and which are directly usable for making payments by cheque, draft, giro order, direct debit/credit, or other direct payment facilities, without penalty or restriction.
Savings deposits and other deposits
Savings deposits and other deposits are all the savings of individuals and deposits (in euros and foreign currency) at any resident and non-resident bank, which are not immediately transferable without restrictions.
Total
Savings deposits
These deposits include all deposits in euros and foreign currency of both residents and non-residents in the form of normal saving accounts, fixed saving accounts, premium saving accounts and fixed-term saving accounts.
Other deposits
Other deposits include all deposits in euros and foreign currency at any resident and non-resident bank (except for saving deposits in euro's), which are not immediately transferable without restrictions.
Debt securities
Debt securities are negotiable financial instruments serving as evidence of debt.
Total
Dit zijn op de beurs verhandelbare waardepapieren met uitzondering van aandelen.
Short-term securities
All securities with a maximum term of one year, which in principle are transferable against a price that has been fixed in advance. Usually, the obliged interest payments of the debtor have been discounted in the value. 'Transferable' means that assets can be converted into cash from, or on a date that has been appointed at the moment the bond was issued. This transaction covers treasury paper issued by both the Dutch government and foreign governments, saving certificates to bearer and transferable certificates of deposits, issued by banks.
Long-term securities
All transferable securities, which generally do not mature within one year. They are usually quoted at the stock exchange. The interest on long-term bonds is made payable through coupons. Mortgage bonds, notes issued by banks and convertible bonds as long as they have not been converted into shares, also belong to this type of assets.
Loans
Loans are created when creditors lend funds to debtors.
Total
Dit is het totaal van de bedragen die aan crediteuren moeten worden terugbetaald.
Short-term loans
Short-term loans are all credits, which do not have the characteristics of deposits and which mature by contract within one year. Included are short-term loans from financial institutions, balances on current accounts (except transferable deposits), short-term consumer credit, bills (of exchange) and promissory notes.
Long-term loans
Long-term loans are all credits, which do not have the characteristics of deposits and which do not mature within one year. They mainly concern long-term loans on obligations, mortgage loans and long-term consumer credit.
Equity, investment fund shares or units
Equity and investment fund shares or units are claims, which are -fully, or partly- entitled to a share in profits or in the own funds in case of liquidation. Included is the value of capital formation by the government in public enterprises (quasi-corporations) that belong to the government.
Equity and investment fund shares or units are residual claims on the assets of the Equity and investment fund shares or units include:
- listed shares
- unlisted shares - other equity
- investment fund shares or units

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Equity
Equity is a financial asset that is a claim on the residual value of a corporation, after all other claims have been met. Ownership of equity in legal entities is usually evidenced by shares, stocks, depository receipts, participations, or similar documents. Shares and stocks have the same meaning.
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Listed shares
Listed shares are equity securities listed on an exchange. Such an exchange may be a recognised stock exchange or any other form of secondary market. Listed shares are also referred to as quoted shares. The existence of quoted prices of shares listed on an exchange means that current market prices are usually readily available.
Unlisted shares
Unlisted shares are equity securities not listed on an exchange.
Other equity
Other equity comprises all forms of equity other than those classified in sub-categories listed shares and unlisted shares.
Investment fund shares or units
Investment fund shares are shares of an investment fund if the fund has a corporate structure. They are known as units if the fund is a trust. Investment funds are collective investment undertakings through which investors pool funds for investment in financial and/or non-financial assets.
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Money market fund (MMF) shares or units
Money market fund (MMF) shares or units are shares issued by MMFs. MMF shares or units can be transferable and are often regarded as close substitutes for deposits.
Non-MMF investment fund shares/units
Other investment fund shares or units other than MMF shares or units represent a claim on a portion of the value of an investment fund other than an MMF. These types of shares and units are issued by investment funds.
Insurance, pension and guarantee schemes
Insurance, pension and standardised guarantee schemes are divided into six subcategories:
- non-life insurance technical reserves
- life insurance and annuity entitlements
- pension entitlements
- claims of pension funds on pension managers
- entitlements to non-pension benefits
- provisions for calls under standardised guarantees
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Non-life insurance technical reserves
Non-life insurance technical reserves are financial claims that non-life insurance policy holders have against non-life insurance corporations in respect of unearned premiums and claims incurred.
Life insurance and annuity entitlements
Life insurance and annuity entitlements consist of financial claims that life insurance policy holders and beneficiaries of annuities have against corporations providing life insurance.
Pension entitlements and claims
Pension entitlements and claims of pension funds on pension managers and entitlements to non-pension benefits
Pension entitlements comprise financial claims that current employees and former employees hold against either:
- their employers;
- a scheme designated by the employer to pay pensions as part of a compensation agreement between the employer and the employee
- an insurer.

Claims of pension funds on pension managers and entitlements to non-pension benefits
For the Netherlands this category only relates to claims of pension funds on pension managers, entitlements to non-pension benefits don't occur here.
An employer may contract with a third party to look after the pension funds for his employees. If the employer continues to determine the terms of the pension schemes and retains the responsibility for any deficit in funding as well as the right to retain any excess funding, the employer is described as the pension manager and the unit working under the direction of the pension manger is described as the pension administrator. If the agreement between the employer and the third party is such that the employer passes the risks and responsibilities for any deficit in funding to the third part in return for the right of the third party to retain any excess, the third party becomes the pension manager as well as the administrator.
Provisions for calls under guarantees
Provisions for calls under standardised guarantees are financial claims that holders of standardised guarantees have against institutional units providing them. Provisions relating to calls under standardised guarantees are prepayments of net fees and provisions to meet outstanding calls under standardised guarantees. Like provisions for prepaid insurance premiums and reserves, provisions for calls under standardised guarantees include unearned fees (premiums) and calls (claims) not yet settled. Standardised guarantees are guarantees that are issued in large numbers, usually for fairly small amounts, along identical lines. Such arrangements involve three parties: the borrower, the lender and the guarantor. Either the borrower or the lender may contract with the guarantor to repay the lender if the borrower defaults. Examples are export credit guarantees and student loan guarantees.

Fin. derivatives, employee stock options
Financial derivatives and employee stock options are divided into two subcategories:
- financial derivatives
- employee stock options
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Financial derivatives
Financial derivatives are financial instruments linked to a specified financial instrument or indicator or commodity, through which specific financial risks can be traded in financial markets in their own right. Financial derivatives meet the following conditions:
- they are linked to a financial or non-financial asset, to a group of assets, or to an index;
- they are either negotiable or can be offset on the market; and
- no principal amount is advanced to be repaid.
The financial derivatives include options and forwards (warrants, futures, swaps and forward rate agreements). Forwards are recorded net on the assets side of the balance sheets, financial transactions and other changes, meaning that no liabilities are presented but only net assets. The outstanding positions can therefore have a negative value.
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Options
Options are contracts which give the holder of the option the right, but not the obligation, to purchase from or sell to the issuer of the option an asset at a predetermined price within a given time span or on a given date.
Forwards
Forwards are financial contracts under which two parties agree to exchange a specified quantity of an underlying asset at an agreed price (the strike price) on a specified date.
Employee stock
Employee stock options are agreements made on a given date under which an employee has the right to purchase a given number of shares of the employer's stock at a stated price either at a stated time or within a period of time immediately following the vesting date.
Other accounts receivable/payable
The transactions in the sector accounts are mainly recorded at a moment that does not coincide with the moment the transaction is completed. These time differences cause changes in assets and liabilities, which are recorded in the transaction 'other accounts receivable and payable'.
For example, sales are recorded at the moment of delivery. At that moment, a claim of the supplier on the buyer (supplier's credit) arises, which is nullified when the buyer pays. Other examples are payments in advance on deliveries (buyer's credit) and due payments or receipts of wages and salaries, interests, contributions etc.

Financial transactions in other accounts receivable/payable comprise:
- Trade credits and advances; and
- Other accounts receivable/payable, excluding trade credits and advances.

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Trade credits and advances
Trade credits and advances are financial claims arising from the direct extension of credit by the suppliers of goods and services to their customers, and advances for work that is in progress or is yet to be undertaken, in the form of prepayment by customers for goods and services not yet provided.
Other receivable/payable
Other accounts receivable/payable are financial claims arising from timing differences between distributive transactions or financial transactions on the secondary market and the corresponding payments. Other accounts receivable/payable include financial claims created as a result of the timing difference between accrued transactions and payments made in respect of, for example:
- wages and salaries;
- taxes and social contributions;
- dividends;
- rent; and
- purchase and sale of securities.


Net worth
The value of the total assets minus total liabilities.