Definition: Financial transactions
European System of Accounts (ESA)
Transactions in financial assets and liabilities between resident institutional units, and between them and non-resident institutional units (ESA 2010).
Financial transactions are transactions in financial assets and liabilities between institutional units, and between them and the rest of the world.
Considering the definition of a transaction, a financial transaction is an interaction between institutional units, or between an institutional unit and the rest of the world, by mutual agreement, involving a simultaneous creation or liquidation of a financial asset and the counterpart liability, or a change in ownership of a financial asset, or an assumption of a liability.
Seven categories of financial transactions are distinguished: transactions in monetary gold and special drawing rights, transactions in currency and deposits, transactions in securities other than shares, transactions in loans, transactions in shares and other equity, transactions in insurance technical reserves and transactions in other accounts receivable/payable (ESA 1995).
Eurostat, "European System of National and Regional Accounts - ESA 2010", Luxembourg, 2013