FISIM stands for Financial Intermediation Services Indirectly Measured. In the '' System of National Accounts'' it is an estimate of the value of the services provided by financial intermediaries, such as banks, for which no explicit charges are made; instead these services are paid for as part of the

margin Margin may refer to: Physical or graphical edges *Margin (typography), the white space that surrounds the content of a page *Continental margin, the zone of the ocean floor that separates the thin oceanic crust from thick continental crust *Leaf ...

between rates applied to savers and borrowers. The supposition is that savers would receive a lower interest rate and borrowers pay a higher

interest rate An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited, or borrowed (called the principal sum). The total interest on an amount lent or borrowed depends on the principal sum, the interest rate, ...

if all financial services had explicit charges. One method of calculating it is as the total property income receivable by financial intermediaries minus their total interest payable, excluding the value of any property income receivable from the investment of their own funds, as such income does not arise from financial intermediation.

References

National accounts Official statistics {{Finance-stub