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									                                                                 Appendix I
                      SOURCES AND METHODS FOR THE COMPILATION OF THE NAMIBIAN MONETARY AND FINANCIAL STATISTICS
                                             Namibian Monetary and Financial Statistics: Assets
       Standard Component                   Data source and frequency                           Current method of estimation

ASSETS
Monetary Authourity (BoN)
 Monetary gold and SDRs         The source of data for compiling the Central Bank (Monetary    The data is loaded into Excel
 Currency and Deposits          Authority) accounts are the accounting records of the BoN      spreadsheets before aggregated output is
    Currency                    maintained by the Finance Department of the BoN.               produced. A fundamental part of this output is the
    Transferable deposits       A detailed set of balance sheet accounts called                Sectoral Balance Sheet and the Central Bank Survey
    Other deposits              BoN Financials is derived each month from an                   which is derived automatically through the linked
 Securities other than shares   electronic general ledger system based on complete             Excel worksheets. No further estimations
 Loans                          recording. The BoN Financials are used by the MFSS             are used.
 Shares and other equity        as a source for compiling monetary statistics. The BoN
 Insurance technical reserves   Financials are sufficiently detailed to provide an ade-
 Financial Derivatives          quate basis for the compilation of monetary statistics
 Other accounts receivable      and to enable the classification of financial instruments
    Trade Credit and advances   and economic sectors as defined in the IMF MFSM 2000.
    Other
 Other
 Nonfinancial Assets



Other Depository Corporations
 Monetary gold and SDRs         The basic data sources for ODCs are the individual monthly     The individual ODC's data is loaded into Excel
 Currency and Deposits          returns (form ODC 2003). These returns have been designed      spreadsheets before aggregated output is produced.
    Currency                    by the BoN on the basis of the MFSM's sectoral balance         In cases of non-responses, historic data
    Transferable deposits       sheet framework to provide an adequate source of data for      series are carried forward. The aggregated output for the
    Other deposits              the compilation of monetary statistics. All data is received    ODCs' assets are presented in a Sectoral Balance
 Securities other than shares   in an electronic format from the ODCs, namely                  Sheet, whereby assets for all ODCs' are combined,
 Loans                           Standard Bank, First National Bank, Bank Windhoek,            and from which the Other Depository Corporations Survey
 Shares and other equity         Nedbank, Nampost, NHE and Agribank                            (ODCS) is automatically derived.
 Insurance technical reserves
 Financial Derivatives
 Other accounts receivable      The ODC 2003 are sufficiently detailed to provide an ade-
    Trade credit and advances   quate basis for the compilation of monetary statistics
    Other                       and to enable the classification of financial instruments
 Nonfinancial Assets            and economic sectors as defined in the MFSM.

                                                                                               The Central Bank Survey is then consolidated with the ODCs
                                                                                               Survey to produce the Depository Corporations Survey
                                                                                               (DCS). The main aggregates in the DCS are: money supply,
                                                                                               net foreign assets and domestic credit.

                                                                                               Data validation procedures are in place at each stage of
                                                                                               collection, processing, and dissemination of data.

                                                                                               Monthly Selected Statistics are derived from the above
                                                                                               aggregates.


                                                                                               The Namibian monetary statistics comply with the GDDS
                                                                                               timeliness guidelines, which recommend dissemination of
                                                                                               data on the analytical accounts of the Central Bank within
                                                                                               1-2 months of the end of the reference month, and data on the
                                                                                               analytical accounts of the banking sector within 1-3 months
                                                                                               of the end of the reference month. The major monetary
                                                                                               aggregates are released on the Internet and in the monthly
                                                                                               Statistical Release of Selected Data by the 5th calendar day
                                                                                               of the second month after the end of the reference period.
                                                                                               The above data is further published in the BoN's Annual Report
                                                                                               and Quarterly Bulletin.
                                                                               1
                                                                          Appendix I (Continue)
                                  SOURCES AND METHODS FOR THE COMPILATION OF THE NAMIBIAN MONETARY AND FINANCIAL STATISTICS (continue)
                                                            Namibian Monetary and Financial Statistics: Liabilities
                         Standard Component                                 Data source and frequency                      Current method of estimation

LIABILITIES
Monetary Authourity (BoN)
  Currency in circulation                                              The source data for compiling the Central Bank                 The data is loaded into Excel
  Deposits included in broad money (Transferable & Other deposits)     accounts are the accounting records of the BoN                 spreadsheets before aggregated output is
  Deposits excluded from broad money (Transferable & Other deposits)   maintained by the Finance Department of the BoN.               produced. A fundamental part of this output is the
  Securities other than shares, included in broad money                A detailed set of balance sheet accounts, called               Sectoral Balance Sheet and the Central Bank Survey
  Securities other than shares, excluded from broad money              BoN Financials , is derived each month from an                 which is derived automatically through the linked
  Loans                                                                electronic general ledger system based on complete             Excel worksheets. No further estimation is used.
  Insurance technical reserves                                         recording. The BoN Financials are used by the MFSS
    Net equity of households in life insurance reserves                as a source for compiling monetary statistics. The BoN
    Net equity of households in pension funds                          Financials are sufficiently detailed to provide an ade-
    Prepayment of premiums and reserves against outstanding claims     quate basis for the compilation of monetary statistics
  Financial derivatives                                                and to enable the classification of financial instruments
  Other accounts payable                                               and economic sectors as defined in the MFSM.
   Trade credit and advances
    Other
  Shares and other equity
    Funds contributed by owners
    Retained earnings
    General and special reserves
    SDR allocations
    Valuation adjustment
         Current Year Result


Other Depository Corporations                                          The basic data sources for ODCs are the individual monthly     The individual ODC data is loaded into Excel
 Currency in circulation                                               returns (form ODC 2003). These returns have been designed      spreadsheets before aggregated output is produced.
 Deposits included in broad money (Transferable & Other deposits)      by the BoN on the basis of the MFSM's sectoral balance         In cases of non-response, historic data
 Deposits excluded from broad money (Transferable & Other deposits)    sheet framework to provide an adequate source of data for      series are carried forward. The aggregated output for the
 Securities other than shares, included in broad money                 the compilation of monetary statistics. All data is received    ODCs' liabilities are presented in a Sectoral Balance
 Securities other than shares, excluded from broad money               in an electronic format from the ODCs.                         sheet, whereby liabilities for all ODCs' are combined
 Loans                                                                                                                                and from which the Other Depository Corporations Survey
 Insurance technical reserves                                                                                                         (ODCS) is automatically derived.
   Net equity of households in life insurance reserves
   Net equity of households in pension funds
   Prepayment of premiums and reserves against outstanding claims
 Financial derivatives                                                 The ODC 2003 are sufficiently detailed to provide an ade-
 Other accounts payable                                                quate basis for the compilation of monetary statistics
  Trade credit and advances                                            and to enable the classification of financial instruments
   Other                                                               and economic sectors as defined in the MFSM.
 Shares and other equity
   Funds contributed by owners
   Retained earnings                                                   Each of the above institutional units issue
   General and special reserves                                        liabilities that are included in the national definition
   SDR allocations                                                     of broad money. The broad measure of money derived
   Valuation adjustment                                                in the DCS is defined as comprising currency outside
        Current Year Result                                            depository corporations and deposits in national currency
                                                                       of the resident sectors, excluding the deposits of the         The Central Bank Survey is then consolidated with the ODCs
                                                                       Central Government and those of the depository corporations.   Survey to produce the Depository Corporations Survey
                                                                                                                                      (DCS). The main aggregates in the DCS are: money supply,
                                                                                                                                      net foreign assets and domestic credit.

                                                                                                                                      Data validation procedures are in place at each stage of
                                                                                                                                      collection, processing, and dissemination of data.

                                                                                                                                      Monthly Selected Statistics are derived from the above
                                                                                                                                      aggregates.


                                                                                                                                      The statistical techniques used to compile monetary statistics
                                                                                                                                      are to a great extent automated and minimize processing time
                                                                                                                                      and errors.

                                                                                                                                      Namibian monetary statistics comply with the GDDS
                                                                                                                                      timeliness guidelines, which recommend dissemination of
                                                                                                                                      data on the analytical accounts of the central bank within
                                                                                                                                      1-2 months of the end of the reference month, and data on the
                                                                                                                                      analytical accounts of the banking sector within 1-3 months
                                                                                                                                      of the end of the reference month. The major monetary
                                                                                                                                      aggregates are released on the Internet and in the monthly
                                                                                                                                      Statistical Release of Selected Data by the 5th calendar day
                                                                                                                                      of the second month after the end of the reference period.
                                                                                                                                      The above data is further published in the BoN's Annual Report
                                                                                                                                      and Quarterly Bulletin.




                                                                                                   2
                                                                                             Appendix II
                                                  SOURCES AND METHODS FOR COMPILING THE NAMIBIAN MONETARY AND FINANCIAL STATISTICS (Continue)
                                                                  Namibian Monetary and Financial Statistics: Money and Capital Markets
             Standard Component                                   Data source and frequency                                             Current method of estimation

Money Market

Weekly Selected Interest Rate                     Data received via e-mails from the following ODCs                      Data is processed in Excel
Types of instrument are:                          on a weekly basis, namely Standard Bank, First National Bank,          spreadsheet and aggregated output for the
Demand Deposits                                   Nedbank and Bank Windhoek.                                             weekly and Monthly averages are produced.
Notice Deposits
Fixed Deposits
Interbank market
Banker's Acceptances
Negtiable Certificate of Deposit




Bank Rate                                         Obtain the data from the Bank of Namibia                               If no new rate is announced, the previous rate is carried forward on a monthly basis
                                                  BON occasionally changes the Bank rate through monetary                for statistical update of the Monthly Release.
                                                  policy decision.

Prime and Mortgage Rates
Monthly average rates                                                                                                    Data are compiled in Excel spreadsheet and an average Prime Rate for all ODCs are produced.


Bank Deposit and Lending Rates                                                                                           Data are compiled in Excel spreadsheet and formulas are used to obtain
(a) Deposit Rates -Components                     Hard copy are received from ODCs on a monthly basis from a so-called   monthly average deposit and lending rates
Demand Deposits                                   Bank Deposit and Lending Rate return .
Notice/Fixed Deposits (Less than six Months)
Notice/Fixed Deposits (Greater than six Months)
Savings Deposits
Interbank
Intergroup

(b) Lending Rates - Components                    Both deposit and lending rates are received from four ODCs, i.e
Bills Discounted/ Purchased                       Standard Bank, First National Bank, Nedbank and Bank Windhoek
Instalment Sales                                  on a monthly basis
Leasing
Overdrafts, Loans and Advances
Investment (Government stock,TBills and NCD's)
Interbank
Intergroup


Capital Market
Treasury bills and Bonds                          Data are received monthly from the Public Finance Section of the       Compilation of the data is done in Excel spreadsheet and certain formulas
Tbill-DR and effective yield for 91               Statistics and Publications Division of BON.                           are used to derive the variables such as simple and effective yield.
and 182 days,GC08, GC15 and GC24.


Namibia Stock Exchange                            Monthly report are received from the                                   Compilation for the index,volume, value and market capitalisation data
NSX monthly report                                Namibia Stock Exchange (NSX) via e-mail                                are processed in Excel spreadsheet, directly from the return, while
                                                                                                                         the computation for overall and local shares are manually processed.


                                                                                                                         In rare cases of non-availibility of data, the data for the previous month is carried forward.


                                                                                                                         Namibian monetary statistics comply with the GDDS
                                                                                                                         timeliness guidelines. The financial sector variables are being
                                                                                                                         compiled as the bi-weekly synopsis and is being posted on the intranet for
                                                                                                                         use by the BoN employees. The major financial aggregates
                                                                                                                         are released on the Internet and in the monthly
                                                                                                                         Statistical Release of Selected Data by the 5th calendar day
                                                                                                                         of the second month after the end of the reference period.
                                                                                                                         The above data is further published in the BoN's Annual Report
                                                                                                                         and Quarterly Bulletin.
                                                                                                             3

								
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