(i) Protecting the value of the encumbered asset

Costs and expenses of maintaining value of the encumbered asset

(3)Where there is no available offer or charge for a financial asset or financial liability, but there is no any significant change to the economic environment after the latest transaction day, the enterprise shall adopt the market quoted price of the latest transaction to determine the fair value of the said financial asset or financial liability.

(1)Having no available financial resources to continuously provide funds to the financial asset investment so as to hold the financial asset investment until its maturity

Article 13The post amortization cost of a financial asset or financial liability refers to the following result after adjustment of the initially recognized amount of the financial asset or financial liability

Article 38The profits and losses arising from the change in the fair value of a financial asset or financial liability shall be dealt with according to the following provisions, unless it is related to hedging

To determine the fair value of a financial asset, an enterprise shall choose those value appraisal techniques which are generally acknowledged by market participants and have been proved as reliable by past actual transaction prices of the market

27. The value of non expendable property is maintained in an asset tracking system.

Where the enterprise has adequate evidences to prove that the market quoted price of the latest transaction is not a fair value, it shall make appropriate adjustment to the market quoted price of the latest transaction so as to determine the fair value of the said financial asset or financial liability.

Article 46Where a sellable financial asset is impaired, even if the recognition of the financial asset has not been terminated, the accumulative losses arising from the decrease of the fair value of the owner s equity which was directly included shall be transferred out and recorded into the profits and losses of the current period.

Payment of interest may be limited, however, to the extent that the value of the encumbered asset exceeds the value of the secured claim.

And if they accept it, it'll raise their asset value and we can win the game.

(9)Other objective evidences showing the impairment of the financial asset.

Article 24When an enterprise becomes a party to a financial instrument, it shall recognize a financial asset or financial liability.

Article 41The expression objective evidence proving that the financial asset has been impaired refers to the actually incurred events which, after the financial asset is initially recognized, have an impact on the predicted future cash flow of the said financial asset that can be reliably measured by the enterprise.

Banks and other financial institutions had doubts about the value of various asset backed securities on their own balance sheets and on those of potential counterparties. No one knew the real value of credit default swaps and of the various tranches of collateralized debt obligations.

(1)The profits and losses, arising from the change in the fair value of the financial asset or financial liability which is measured at its fair value and of which the variation is recorded into the profits and losses of the current period, shall be recorded into the profits and losses of the current period

Where the future cash flow or term of existence of a financial asset or financial liability cannot be predicted reliably, the contractual cash flow of the financial asset or financial liability for the whole term of the contract shall be taken into account.

Article 21An enterprise may designate a mixed instrument as a financial asset or financial liability measured at its fair value and of which the variation is recorded into the profits and losses of the current period, excepting those under the following circumstances

On 31 December 2004, the acquisition value of non expendable property recorded in the PeopleSoft and Asset Trak databases was 492,748,146, and the depreciated value was 166,218,375.

On 31 December 2004, the acquisition value of non expendable property recorded in the Peoplesoft and Asset Trak databases was 492,748,146 and the depreciated value was 166,218,375.

During the period of the stay it is possible that the value of the encumbered asset will diminish.

The purchase and sale of foreign currency or gold as a financial asset

(b) Group II consists of assets with an inventory value of 158,600 (13 per cent of total asset value) and includes two subgroups, (a) and (b), as follows

The actual interest rate refers to the interest rate adopted to cash the future cash flow of a financial asset or financial liability within the predicted term of existence or within a shorter applicable term into the current carrying amount of the financial asset or financial liability.

Article 42Where a financial asset measured on the basis of post amortization costs is impaired, the carrying amount of the said financial asset shall be written down to the current value of the predicted future cash flow (excluding the loss of future credits not yet occurred), and the amount as written down shall be recognized as loss of the impairment of the asset and shall be recorded into the profits and losses of the current period.

Where there is any significant change to the economic environment after the latest transaction day, the enterprise concerned shall adjust its market quoted price of the latest transaction by referring to the available prices or interest rates of similar financial assets or financial liabilities so as to determine the fair value of the said financial asset or financial liability.

The objective evidences that can prove the impairment of a financial asset shall include

An adjustment to the accounts in order to record the loss of or reduction in the value of an asset.

(2)The profits and losses arising from the change in the fair value of a sellable financial asset shall be included directly in the owner s equity with the exception of impairment losses and the gap arising from foreign exchange conversion of cash financial assets in any foreign currency, and when the said financial asset is stopped from recognition and is transferred out, it shall be recorded into the profits and losses of the current period.

The current value of the predicted future cash flow shall be determined according to the capitalization of the original actual interest rate of the said financial asset, taking into account the value of the relevant guarantee (but the expenses arising from the acquisition or sale of the guarantee shall be deducted).

With regard to an indivisible entire asset, based on which an evaluation institution has evaluated its value, the party owning the entire asset shall give proper economic compensation to the other parties through negotiations.

(b) The value of the encumbered asset is diminishing as a result of the commencement of insolvency proceedings and the secured creditor is not protected against that diminution of value and

This approach is only necessary where the value of the encumbered asset is less than the amount of the secured claim.

In paragraph 47 of its report, the Board recommended that UNRWA examine the discrepancies between the value cards and general ledger and take the steps necessary to reflect asset balances accurately in the notes to the financial statements.

The insolvency law should provide that the insolvency representative is entitled to recover from the value of an encumbered asset reasonable costs or expenses (including overhead as appropriate) incurred by the insolvency representative in maintaining, preserving or increasing the value of the encumbered asset for the benefit of the secured creditor.

Asset records cannot be entirely relied upon periodical physical verifications were not conducted asset values were incorrectly recorded (inflated by millions of dollars) and assets of considerable value could not be traced nor their existence confirmed.

(5)The financial asset can no longer continue to be traded in the active market due to serious financial difficulties of the issuer

The Committee noted, however, that inflation rates continued to be low and the gains in the value of the assets of the Fund were not yet fully recognized in the actuarial asset value.

If asset price bubbles develop, balance sheets may look sound individually, but the entire network of interlinked asset liability structures will become increasingly dependent on overvalued collateral, and thus vulnerable to financial contagion. The unraveling of such a network through panic and runs against financial institutions, asset fire sales, credit crunches, and the like then becomes a nightmare for financial supervisors and monetary authorities alike.

The equity investment instruments, for which there is no quoted price in the active market and whose fair value cannot be reliably measured, shall not be designated as a financial asset which is measured at its fair value and of which the variation is recorded into the profits and losses of the current period.

90. For many refugees the property they left behind, mostly in Croatia, is their sole financial asset.

(ii) The secured creditor will be protected against diminution of the value of the encumbered asset in which it has a security interest.

(1)Where such financial asset has a fixed date of maturity, it shall be amortized within the remaining period of the said financial asset by adopting the actual interest rate method and be recorded into the profits and losses of the current period.

Where it is impossible to make an independent measurement when it is obtained or subsequently on the balance sheet date, the mixed instrument shall be designated entirely as a financial asset or financial liability measured at its fair value and of which the variation is included in the current profits and losses.