关键词: FISIM核算, 改进参考利率法, 风险调整, 期限调整, SNA2008

Abstract: Finance is the pulse of the national economy and a powerful support for the socialist economic system. The output of financial intermediate services indirectly measured (FISIM) is the key to ensuring the true and effective output of the financial industry. With the increasing variety of participating entities, trading methods and maturities in the financial market, the impact of risk levels and maturity structure factors on FISIM?s output accounting has become more obvious. While SNA2008 also recommends using the reference interest rate method that considers the risk level and term structure to calculate FISIM output. Therefore, this paper proposes a reference interest rate method that integrates risk and maturity, tests the application characteristics of the improved method in terms of stability, accuracy, reliability, and convenience. Then it uses the improved reference interest rate method to calculate the scale of China?s FISIM output and the scale of FISIM use between departments and industries, so as to comprehensively explore the impact of the improved method on China?s FISIM accounting. The study finds that the reference interest rate method that integrates risk and maturity meets the guidance requirements of SNA2008, overcomes the limitation that the existing reference interest rate method cannot reflect the term structure, can better reflect the actual situation of China’s financial industry, and provides a useful reference for the improvement and improvement of my China?s FISIM accounting method.

Key words: FISIM Accounting, Improved the Reference Rate Method, Risk Adjustment, Term Adjustment, SNA2008