Canadian Classification of Institutional Units and Sectors (CCIUS) 2012

• S2 - Rest of the world

S20 - Rest of the world

This sector consists of all non-resident institutional units that enter into transactions with resident units, or have other economic links with resident units. The accounts, or tables, for the Rest of the world are confined to those that record transactions between residents and non-residents or other economic relationships, such as claims by residents on non-residents, and vice versa. The Rest of the world also includes certain institutional units that may be physically located within the geographic boundary of a country; for example, foreign enclaves such as embassies, consulates or military bases, and also international organizations.
Certain international organizations have all the essential attributes of institutional units. The special characteristics of an international organization as the term is used in the SNA framework may be summarized as follows:
a. The members of an international organization are either national states or other international organizations whose members are national states; they thus derive their authority either directly from the national states that are their members or indirectly from them through other international organizations;
b. They are entities established by formal political agreements between their members that have the status of international treaties; their existence is recognized by law in their member countries;
c. Because they are established by international agreement, they are accorded sovereign status; that is, international organizations are not subject to the laws or regulations of the country, or countries, in which they are located; they are not treated as resident institutional units of the countries in which they are located;
d. International organizations are created for various purposes including, among others, the following types of activities:
• The provision of non-market services of a collective nature for the benefit of their members;
• Financial intermediation at an international level that is, channelling funds between lenders and borrowers in different countries.
Formal agreements concluded by all the member countries of an international organization may sometimes carry the force of law within those countries. Most international organizations are financed wholly or partly by contributions or transfers from their member countries, but some organizations may raise funds in other ways such as borrowing on financial markets or by subscriptions to the capital stock of international organizations and lending by member countries. For purposes of the SNA, international organizations are treated as units that are resident in the rest of the world.