ANNEX ISupplementary provisions
ANNEX I Annex I to Regulation (EC) No 138/2004 is amended as follows: 1. paragraph 2.096 is deleted; 2. the following paragraph is inserted after paragraph 2.107: ‘(j) Financial intermediation services indirectly measured (FISIM) 2.107.1. In accordance with the convention of ESA 95, the value of indirectly measured financial intermediation services (FISIM) used by the agricultural industry should be recorded as intermediate consumption of the agricultural industry (cf. ESA 95, Annex I).’; 3. the title of paragraph 2.108 is replaced by the following: ‘(k) Other goods and services’; 4. point (i) of paragraph 2.108 is replaced by the following: ‘(i) Billed bank charges (but not interest for bank loans)’; 5. paragraph 3.079 is replaced by the following: ‘3.079. The value of the services provided by financial intermediaries being allocated among different customers, the actual payments or receipts of interest to or from financial intermediaries need to be adjusted to eliminate the margins that represent the implicit charges made by financial intermediaries. The estimated value of these costs should be subtracted from the interest paid by borrowers to financial intermediaries and added to the interest received by depositors. The costs are regarded as remuneration for services rendered by financial intermediaries to their clients and not as an interest payment (see 2.107.1 and 2.108(i); ESA 95, Appendix I, 4.51).’