basic external surplus

on a balance of payments basis

balance of payments [ BOP | capital balance ]

post-closing trial balance [ postclosing trial balance | after-closing trial balance | closing trial balance ]

post-closing trial balance | after-closing trial balance | closing trial balance

negative trade balance | negative balance of trade | adverse trade balance

by rocking the aircraft’s wings, except for the base and final legs of the approach.

Since the balance of payments has adopted that approach to measuring trade statistics, the UN has recently started a consultation process around the customs-based manual — which is sort of championed by the United Nations, it holds the pen on that — in terms of how they take this balance-of-payments recommendation now and implement it in terms of the customs-based trade statistics so that we can feed the balance of payments.

The options related to BoP reporting are (4) maintain the existing threshold that exempts payment service providers from reporting on payment transactions below EUR 12 500; (5) create a voluntary Additional Optional Service (AOS) Community within SEPA that would allow the collection of statistical data from settlements to continue; (6) encourage voluntary adjustments by the Member States; and (7) address the BoP reporting problems through legislation, with three sub-options: (7a) raise the exemption threshold to EUR 50 000; (7b) abolish settlement-based BoP reporting obligations imposed on payment service providers; and (7c) raise t ...[+++]he exemption threshold to EUR 50 000 followed, in a second phase, by abolition of BoP reporting based on settlements by January 2012.

The quality of the data transmitted shall be assessed, on the basis of the quality reports, by the Commission with the assistance of the Balance of Payments Committee referred to in Article 11.