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 Each financial transaction always has an operation of counterpart, either another financial transaction, or an operation not - financial.
The increase or the simultaneous reduction at the same time of credits and passive financial or the exchange of a credit against another must be recorded in the financial account (of a sector or rest of the world).
When an operation and its counterpart are both of financial nature, they modify the composition of the wallet of credits and passive financial.
They can also vary the totals at the same time credits and the passive financial ones of the institutional units concerned or rest of the world, but they affect by no means the capacity of financement/le financing need, not more than the net amount.
The financial transactions can also have for consideration for the transactions on products, the operations of distribution or the operations on credits not - financial not produced.
If the counterpart of a financial transaction is not of financial nature, the value of the capacity of financement/du financing need of the institutional units concerned or the rest of the world will be modified.
A financial transaction can have as a counterpart a transfer (running or in capital).
In this case, the financial transaction implies either a change of property of a financial credit, or the resumption of an engagement in the capacity as debtor (taken again debt), or still the simultaneous liquidation of a financial credit and its liability of counterpart (cancellation of debt or abandonment of credit).
The counterpart of the resumption or the cancellation of a debt concerns the heading transfers of capital and is carried to the stock-account.
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The means of payment include/understand monetary gold, the special drawing rights, the transferable cash and deposits.
A financial credit gives to its owner - the creditor - the right to receive without counterpresent one or more payments of another institutional unit - the debtor - who contracted the engagement of counterpart.
By possible or conditional credits, it is necessary to include/understand contracts signed between institutional units or an institutional unit and the rest of the world and in virtue of which one or more conditions must be filled so that a financial transaction can take place.
Let us quote like examples the guarantees of payment by thirds, the letters of credit, the credit lines, the facilities of emission of effects (“NIF”) and the majority of the derived instruments.
The system considers that a conditional credit is a financial credit since the contract itself has a commercial value because it can be negotiated or be the subject of a compensation on the market. The system does not record the conditional credits which do not meet this condition.
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 Under the law n° 75-619 of July 11, 1975 modified by the law of July 23, 1989, the legal rate of interest is fixed for the duration of the calendar year.
It is equal to the arithmetic mean of the twelve last monthly averages of the actuarial yield of the adjudications of bills Treasury at thirteen weeks.
In 1975, the legislator had retained the discount rate used by Banque de France like reference for the calculation of the legal rate of interest.
The discount rate of the Banque de France, which a long time constituted the price of the refinancing of the banks near the Issuing house, ceased having a real economic significance since the years 1971-1972, time as from which the refinancing of the banks was carried out durably on the money market.
Following the reform of the legal rate of interest by the above mentioned law of 1989, Banque de France affirmed the nullity of its discount rate, by an official statement of February 15, 1990.
It did not appear possible to him to substitute to him any of its rates of intervention on the aforementioned market.
Discovered: debtor ordinary accounts + commercial credits (discount) + factoring + not échéancés appropriations of treasury (of which uses of credit lines permanent).
Pfit: period of initial fixing of the rate. It is the period over which the rate of a credit is fixed. Pfit ≤ 1 year: appropriations whose rate is revisable at least once per annum + appropriations atfixed rate of initial duration ≤ 1 year. Pfit > 1 year: rollover credits according to a periodicity higher than the year + appropriations atfixed rate of initial duration > 1 year.
Source: Banque de France
The average interest rate of the new appropriations continues to increase in July 2007, in a way more marked a little for the households (5,42%, after 5,37%) that for the companies not - financial (4,89%, after 4,86%).
- As regards household, whereas the rate of discovered marks a fold (10,71%, after 10,84%), the rise of the rates remains faster for the appropriations with the habitat of PFIT lower or equal to one year (4,46%, after 4,31%) and those of higher PFIT (4,21%, after 4,12%) that for the consumer credits (6,62%, after 6,55%).
- Concerning the appropriations at the companies not - financial, the average rate of the overdrafts records a slight rise (5,50% after 5,31%) whereas that of the appropriations of PFIT higher than one year increases moderately (4,74% after 4,71%) and that the median rate of the appropriations of PFIT lower than one year, drawn downwards by some operations from raised amount, bends clearly
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