Ontology: Social Order Neighbours: Financial Services
Actor Atlas: Financial Sector
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Financial assets and liabilities (AF.)1
Financial assets are economic assets comprising means of payment, financial claims and economic assets which are close to financial claims in nature.
Means of payment consist of monetary gold, special drawing rights, currency and transferable deposits.
Financial claims entitle their owners, the creditors, to receive a payment or series of payments without any counter-performance from other institutional units, the debtors, who have incurred the counterpart liabilities.
Examples of economic assets which are close to financial claims in nature are financial derivatives and shares and other equity.
Items included:
- Currency and deposits
- Insurance technical reserves
- Loans
- Monetary gold and SDRs
- Other accounts receivable/payable
- Securities other than shares
- Shares and other equity
You can add an item to the below list. Create a page for it, start the page's name with "af-", this is the order's abbreviation, followed by a dash.
On stability in the financial system and regulation of the financial assets and liabilities listed below, see the article by Nicholas Beale, David G. Rand, Heather Battey, Karen Croxson, Robert M. May, and Martin A. Nowak, at: http://www.pnas.org/content/108/31/12647
Footnote: Regulation is an "institutional" interaction of the social order with a collective impact in that order.