| Table Name | Poland |
| 1.0 Contact Information | |
| 1.1 Name | Wlostowska Anna |
| 1.2 Designation (Job Title) | Head of Division Head, Department of Statistics, BoP Compilation and Dissemination Division |
| 1.3 Organization | Narodowy Bank Polski |
| 1.4 Mailing Address | 00-919 Warszawa, ul. Swietokrzyska 11/21 |
| 1.5 Country | Poland |
| 1.6 Email | anna.wlostowska@nbp.pl |
| 1.7 Telephone | +48 22 185 1226 |
| 2.0 Concepts, Definitions and Scope | |
| 2.1 Statistical frameworks for the compilation of external debt data | 2013 External Debt Statistics Guide/6th Edition of Balance of Payments Manual (BPM6) |
| 2.2 Consistency with the external debt liabilities of the International Investment Position (IIP) | Yes |
| 2.3 Additional Information on Concepts, Definitions and Scope | The Polish balance of payments compilation system is based on direct reporting on monthly as well as quarterly reported by residents involved in transactions with non-residents, public statistics surveys as well as administrative data sources. The system provides information needed for compiling the external debt with a detailed item-by-item breakdown. The external debt is compiled based on data from:
• Narodowy Bank Polski,
• the Ministry of Finance,
• financial agents of government (NBP and Bank Gospodarstwa Krajowego),
• the National Depository for Securities,
• Polish banks conducting settlements with non-residents,
• Polish companies participating in trade abroad.
• Foreign liabilities are broken down into types of financial debt instruments and the sectors of the national economy. |
| 3.0 Sector Classification/Coverage | |
| 3.1 Data coverage for General Government | Broadly covered (non-coverage insignificant) |
| 3.2 Data coverage for Central Bank | Fully covered |
| 3.3 Data coverage for Deposit-taking corporations, except the Central Bank | Fully covered |
| 3.4 Data coverage for Other Sectors | Partly covered, with some gaps |
| 3.5 Data coverage for Other financial corporations | Partly covered, with some gaps |
| 3.6 Data coverage for Nonfinancial corporations | Partly covered, with some gaps |
| 3.7 Data coverage for Households and nonprofit institutions serving households (NPISHs) | Partly covered, with some gaps |
| 3.8 Data coverage for Direct Investment: Intercompany lending | Partly covered, with some gaps |
| 3.9 External debt statistics presented into Public and Publicly Guar. Private Sector and Private Sector Not Publicly Guar. Debt | No |
| 3.10 External debt include both foreign currency and domestic currency denominated debt instruments held by nonresidents | Yes |
| 3.11 Additional comments and explanations on Sector Classification/Coverage | (i) Allocation to institutional sectors is made on the entity by entity basis. The business register data obtained from GUS is a main source for sectoral allocation. In the case of collecting data form intermediaries (portfolio investment liabilities for example) detailed description, coherent with international standards, is provided to the respondent.
(ii) Partly covered, with same gaps is the result of the introduction reporting thresholds. And so entities of public finance sector with total assets, liabilities and equity at year-end equal or over PLN 500 million report to NBP on monthly basis, and entities of public finance sector with total assets, liabilities and equity at year-end above PLN 26 million and below PLN 500 million report to NBP on quarterly basis.
Natural persons whose assets and liabilities unrelated to their business activity at year-end are equal to or above PLN 7 million report to NBP on quarterly basis.
Other residents (excluding public finance sector entities, natural persons, investment entities which keep securities accounts and banks) whose total amount of assets, liabilities and equity capital at year-end is either equal to or greater than PLN 300 million report to NBP on monthly basis and residents whose total amount of assets, liabilities and equity capital at year-end is higher than PLN 10 million and lower than PLN 300 million report to NBP on quarterly basis. |
| 4.0 Debt Instrument Classification/Coverage | |
| 4.1 Data coverage for Currency and deposits | Fully covered |
| 4.2 Data coverage for Debt Securities | Fully covered |
| 4.3 Data coverage for Loans | Fully covered |
| 4.4 Data coverage for Trade credit and advances | Fully covered |
| 4.5 Data coverage for Other debt liabilities | Fully covered |
| 4.6 Data coverage for Special drawing rights (allocations) | Fully covered |
| 4.7 Data coverage for Debt liabilities of direct investment enterprises to direct investors | Fully covered |
| 4.8 Data coverage for Debt liabilities of direct investors to direct investment enterprises | Fully covered |
| 4.9 Data coverage for Debt liabilities to fellow enterprises | Fully covered |
| 4.10 Arrears (including interest that accrues on arrears) reported in the same debt instrument | Yes |
| 4.11 Arrears separately identified in the memorandum items | No |
| 4.12 Classification of maturity for short-term/long-term debt instruments | Original and Remaining Maturity |
| 4.13 Additional comments and explanations on Debt Instrument Classification/Coverage | (i) SDR allocations are included from 2009Q3. |
| 5.0 Valuation and Basis of Recording | |
| 5.1 Main valuation method for debt securities (in main table) | Market Value |
| 5.2 Main valuation method for debt securities (in memorandum items) | Nominal Value |
| 5.3 Other methods and weights used for valuation of debt securities | None |
| 5.4 Basis for compiling external debt statistics | Accrual Basis |
| 5.5 Inclusion of accrued interest costs that are not paid | Yes |
| 6.0 Data sources/Compiling Organizations | |
| 6.1 Main data source(s) for the external debt statistics | (i) Direct investment: Intercompany lending - Data from the monthly and quarterly surveys cover information on debt instruments as intercompany loans, trade credit and advances, currency and deposits, debt securities and other liabilities. Data on stocks of loans are based on an accrual value, trade credit and advanced on a nominal value.
(ii) Debt securities - The source of data for portfolio investment are security-by-security reports on stocks and flows collected directly from Polish issuers and financial intermediaries For securities bearing an ISIN code, descriptive data, e.g. prices, coupons, corporate events from the securities database, maintained by NBP are used in reported data verification and compilation. By means of the security database, the valuation changes and exchange rate changes are calculated by NBP. For Polish Treasury securities issued on the domestic market (T-bonds and T-bills) the stock data is supplied by Polish National Depository for Securities.
For securities without ISIN code, the data on stocks and transactions reported directly by reporting entities is used for compilation. The reports, apart from the data on stocks (nominal and market value) and on transactions, include the data on valuation changes, exchange rate changes and on other changes.
For securities issued by Polish entities on foreign markets, the residual approach is applied. The data on resident holdings on such securities are collected and used to adjust, in the process of compilation, the issue date of these securities.
(iii) Other debt instruments - Other debt investment consists of loans, trade credit and advances, currency and deposits, insurance technical reserves, SDR’s allocations and other liabilities. Trade credits and advances data are based on monthly and quarterly survey of exporters and importers. The information is based on the nominal value. The data refers mainly to “other sectors.”
(iv) Information on loans is broken down by long-term (with original maturity over one year) and short-term (with original maturity of up to one year) is registered in a breakdown by the sectors of economy. Since 2010 data on loans has been obtained from monthly and quarterly surveys. The accruals principle applies.
(v) For NBP’s currency and deposits, the information come from NBP’s accounting system. For other banks, data were derived from their balance sheets. Since 2010 data on currency and deposits are obtained from monthly surveys. These data are based on an accrual value.
(vi) Other liabilities cover data on liabilities other than loans, trade credits and advances, currency and deposits and SDRs (allocations). Since 2010 data on other liabilities is obtained from monthly and quarterly surveys. The accruals principle applies. |
| 6.2 Link(s) to national website where the external debt statistics are being disseminated | http://www.nbp.pl/homen.aspx?f=/en/statystyka/zadluz.html |
| 6.3 Link(s) to relevant metadata that currently exists and is consistent with your external debt statistics | http://www.nbp.pl/statystyka/dwn/BoP-methodological-notes-2015.pdf |
| 6.4 Primary agency responsible for compiling external debt statistics | Narodowy Bank Polski |
| 6.5 Primary agency responsibile for disseminating external debt statistics | Narodowy Bank Polski |
| 7.0 Periodicity and Timeliness | |
| 7.1 Frequency of external debt statistics compilation | Quarterly |
| 7.2 Frequency of external debt statistics dissemination | Quarterly |
| 7.3 Timeliness of the publication of the external debt statistics | The data on the external debt is compiled and distributed three months following the end of the reference quarter. An advance release calendar, providing the precise release dates one quarter ahead, is disseminated on NBP Website
http://www.nbp.pl/homen.aspx?f=/en/statystyka/kalendarz/kalendarz.html |
| 7.4 Additional comments on Periodicity and Timeliness | None |
| 8.0 Revision Policy | |
| 8.1 Data revision policy | Regular schedule - The quarterly external debt data are routinely revised: first revision when data of the following quarter become available; next revision when fourth quarter data is available (end-March); further annual revisions, when data referring to corresponding annual external debt are revised (end-September). |
| 9.0 Unit of Measure | |
| 9.1 Unit of Measure | Data are in USD. |
| 10.0 Reference Period | |
| 10.1 Reference Period | (i) Data are available starting from 1999Q1. (ii) Data converted through generic conversion from 2003 EDS Guide/BPM5 to 2013 EDS Guide/BPM6 basis by the World Bank from 1999Q1 to 2012Q2. (iii) Data reported by country on a 2013 EDS Guide/BPM6 basis starting from 2012Q3. |
| 11.0 Table Reporting | |
| 11.1 Table 1 - Gross External Debt Position: by Sector (Prescribed component) | Yes |
| 11.2 Table 2 - Gross External Debt Position: Foreign Currency and Domestic Currency Denominated Debt (Encouraged component) | Yes |
| 11.3 Table 3 - Debt-Service Payment Schedule for Outstanding External Debt as of End-Period: by Sector (Encouraged component) | No |
| 11.4 Table 4-Gross External Debt Position:Principal and Interest Payments Due in 1 Yr or less -by Sector (Encouraged component) | No |
| 11.5 Table 1.1 - Gross External Debt Position: Debt Securities - Reconciliation of Nominal and Market Value | No |
| 11.6 Table 1.2 - Gross External Debt Position: Other Sectors | No |
| 11.7 Table 1.3 - Gross External Debt Position: Public Sector Debt and Publicly-Guaranteed Private Sector Debt | No |
| 11.8 Table 1.4 - Gross External Debt Position: Arrears by Sector | No |
| 11.9 Table 1.5 - Net External Debt Position: by Sector | Yes |
| 11.10 Table 1.6 - Gross External Debt Position: Reconciliation of Positions and Flows | No |
| 11.11 Table 2.1 - Gross External Foreign Currency and Foreign-Currency-Linked Debt Position | No |
| 11.12 Table 3.1 - Gross External Debt Position: Short-Term Remaining Maturity - by Sector | No |
| 11.13 Table 3.2 - Debt-Service Payment Schedule for Outstanding External Debt as of End-Period: by Sector and Instrument | No |
| 12.0 Metadata Update | |
| 12.1 Metadata last updated | 12/14/2016 |