BE-180 Benchmark Survey Financial Services Transactions Between U.S. Financial Services Providers and Foreign Persons
It's time for BEA's 2019 benchmark survey of financial services transactions between U.S. financial services providers and foreign persons
- All entities subject to the reporting requirements must file even if they are not contacted by BEA. Reporting requirements can be found in the survey’s Federal Register Notice.
- Launch the Decision Tool below and/or refer to our FAQ’s on this page to see who is required to file a 2019 BE-180.
- Federal law protects the confidentiality of the data that companies report.
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- BE-180 PDF | BE-180 Excel
- Additional Schedule A or B overflow sheets PDF
Information for Survey Respondents
Federal Register Notice detailing changes to the 2019 BE-180 form.
You may be exempt from filing the 2019 BE-180 if you meet one of the following conditions:
- No reportable transactions during the 2019 fiscal year.
- Not in existence during the 2019 fiscal year.
- Owned more than 50% by another U.S. entity during your 2019 fiscal year.
- Are filing under a different U.S. ID number.
To file an exemption claim, complete pages 1 through 7 of the survey, as applicable.
Webinar
BEA conducted an informational webinar about the BE-180 benchmark survey on August 25, 2020. Topics covered included the survey’s purpose, scope, and coverage. Instructions were provided on how to complete each section on the survey, and how to use BEA’s electronic filing system, eFile. Watch the informational webinar.
Why Does BEA Conduct a Benchmark Survey?
The BE-180 is BEA’s most comprehensive survey on transactions between U.S. financial services providers and foreign persons. The data are used in compiling the U.S. international transactions accounts and national income and product accounts. The information is also used to formulate U.S. policy on such international transactions, and to analyze the impact of that policy and the policies of foreign countries.
More About BEA's International Services Data and Surveys
- Definition of International Services
- Interactive tables: International Services
- Pre-Formatted Tables: International Services (PDF)
- U.S. International Economic Accounts: Concepts and Methods
- International Services Articles
- Survey of Current Business: U.S. International Services: Trade in Services in 2018 and Services Supplied Through Affiliates in 2017 (PDF) | Most recent: October 2019
- About International Trade in Services (PDF)
- Guide to BEA's Services Surveys (PDF) Updated: August 2018
- Other BEA Services Surveys
- Guide to the North American Industry Classification System (NAICS)
Frequently Asked Questions (FAQ)Common questions about the BE-180 benchmark survey
- Why was I contacted to file the 2019 BE-180?
- Why do I need to complete the 2019 BE-180?
- What are the 2019 BE-180 filing requirements?
- How does the 2019 BE-180 survey differ from the 2014 BE-180?
- I file the BE-185 Quarterly Survey of Financial Services Transactions Between U.S. Financial Services Providers and Foreign Persons. Do I still need to complete the 2019 BE-180?
- How do I obtain a hard copy of the 2019 BE-180 survey or additional overflow sheets?
- How do I file the 2019 BE-180?
- Can I submit the BE-180 electronically?
- Do I need to mail a hard copy of the form if I submit the form via eFile?
- I believe I am exempt from filing data on both Schedules A and B of the BE-180 survey. What should I do?
- The address listed is no longer current. How do I update this information for the BE-180?
- Can I provide estimates on the 2019 BE-180?
- How do I report more than one transaction type or more countries than the Schedules allow?
- How should I account for mergers and acquisitions on the BE-180?
- We purchased financial services from a company in Country A, but we sent the payments to a bank or different entity in Country B. How should we report this transaction on the BE-180?
- We provide financial services to a U.S. affiliate of a foreign company. Is this transaction applicable to the BE-180?
- Are the purchases or sales of goods reported on the BE-180?
- Should I report on an accrual basis or cash basis on the BE-180?
- Should I net purchases against sales on the BE-180?
- When reporting data by country on the BE-180, can regions be used instead?
- How should financial service transactions with international organizations be reported on the BE-180?
- How should I round currency amounts on the BE-180?
- How do I indicate on the BE-180 which type of financial services I am selling/purchasing?
- My company purchased equity brokerage services from three countries: $100 thousand from Norway, $400 thousand from the United Kingdom, and $300 thousand from Venezuela (totaling $800 thousand). How should I report the data on the BE-180?
- Should I report all services not otherwise listed on the BE-180 under service code 11, other financial services?
- We provide financial services to one of our foreign affiliates. Should we report them on the BE-180?
- We provide financial services to our foreign parent or a foreign affiliate of our foreign parent. Should we report them on the BE-180?
- At what level should data reported on the BE-180 be consolidated?
- We receive interest payments from a foreign corporation. Do we report the interest received under credit-related services on the BE-180?
- Should I report profit sharing on the BE-180 between U.S. parents and their foreign subsidiaries & with U.S. subsidiaries and their foreign parents?
- How should I interpret the terms "sales" and “purchases?” Many organizations and transactions types are really not related to sales or the organization is not involved in sales.
- If the country amount is less than $500, do I list the country and $0.00 or do not have to list the country at all?
- I am completing this form for a pension/benefit fund. Why did we receive this form and what should we report?
- I am a U.S. custodian. Do I need to report payments of brokerage fees and commissions?
- Does each fund manager in a U.S. fund with covered transactions file a separate BE-180?
- Do the equity partners in a U.S. fund have to file the BE-180?
- If a U.S. fund is managed by a foreign party, are the fund's transactions with foreign persons reportable on the BE-180?
- As a foreign resident and fund manager having transactions with a U.S. affiliate of a foreign company, am I required to report on the BE-180 benchmark form?
- As a U.S. fund manager having transactions with foreign affiliates and unaffiliated foreign persons, am I required to report these transactions on the BE-180?
- At what level should a U.S. fund that is managed by more than one individual report on the BE-180 if it had covered transactions to report?
- Are profit allocations reportable as financial management fees?
- Should total sales and/or total purchases reported on Schedule A and/or Schedule B under service code, 5 financial management services, equal the amounts reported under question 9 on page 8, and/or question 12 on page 9?
- How should I report amounts for performance fees under questions 11 and 14, on pages 8 and 9?
- Should a U.S. investment advisor report fees that are received from a proprietary non-U.S. commingled investment fund as a transaction with a foreign affiliate?
- Should fees paid by a U.S.-registered investment company to a foreign broker that is a branch or subsidiary of a U.S. broker be included on the BE-180 survey?
- Should a U.S. lending agent report securities lending fees received from a foreign person?
- How should overdraft charges paid to foreign intermediaries be reported?
- What mutual fund service fees are reportable?
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BE-180
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If you have any questions, please contact us using the contact information on the survey you are completing.