23 Transfer of Financial Assets

23 Transfer of Financial Assets.

Financial and economic assets freeze

Chapter II Classification of Financial Assets and Financial Liabilities

Article 9The financial assets or liabilities meeting any of the following requirements shall be classified as transactional financial assets or financial liabilities

Article 56The financial assets refers to the following assets of an enterprise

(4)financial assets available for sale.

Chapter VI Impairment of Financial Assets

Freezing of economic and financial assets

No such funds, financial assets or economic assets have been frozen or unfrozen.

Article 18The sellable financial assets refers to the non derivative financial assets which are designated as sellable when they are initially recognized as well as the financial assets other than those as described below

Chapter VIII Definition of Financial Assets, Financial Liabilities and Equity Instruments

(a) Financial and human resources, including existence of assets

(4) As regards tradable financial assets, it is required to separately list the beginning of period and end of period fair value of tradable bond investment, tradable equity instrument investment, financial assets which are specified to be measured on fair value and whose fluctuations are included in the current profits and losses, derivative financial assets and other tradable financial assets.

While China s government should make greater efforts to rebalance the economy by conventional measures, it also should focus more attention on adjusting the currency structure of the country s gross assets and gross liabilities. In particular, China should try to replace its dollar denominated assets with renminbi denominated assets, and its renminbi denominated liabilities with dollar denominated liabilities.

Most U.S. families had both financial assets and real estate assets. At that time, almost all household assets of the low income families were real estates, while the majority assets of the top 20 high income families were financial assets. As a result, poorer people in the United States have higher debt ratio.

(1)The term for holding the financial assets is not definite

Identification of beneficial owners of accounts, corporate bodies and other financial assets

The financial report and accounts reflect UNICEF income, expenditure, assets and liabilities, including the net operating income, assets and liabilities of PSD.

The financial assets which have suffered from an impairment loss in any single amount shall not be included in any combination of financial assets with similar risk features for any impairment test.

As a result, when the dollar depreciates against the renminbi, the value of China s foreign liabilities increases in dollar terms, while that of its foreign assets remains unchanged. As a result, China s net international investment position (NIIP), which is the difference between China s gross assets and its gross liabilities, automatically worsens.

Article 30The financial assets and financial liabilities initially recognized by an enterprise shall be measured at their fair values.

Measures under the Law on Measures against the Financing of Terrorism (LMFT) include freezing of funds and other financial assets or economic resources, and ban on the access to financial services, funds and other financial assets or economic resources available.

No financial assets belonging to the listed individuals and entities have been reported.

In addition, none of them have financial or fixed assets in the country.

(1)the financial assets which are measured at their fair values and the variation of which is recorded into the profits and losses of the current period, including transactional financial assets and the financial assets which are measured at their fair values and of which the variation is included in the current profits and losses

UNOPS received a disclaimer on its 2002 2003 financial statements for failing to properly tag and inventory its fixed assets or non expendable assets.

Article 39For the financial assets and financial liabilities measured at the post amortization costs, the profits and losses that arise when such financial assets or financial liabilities are terminated from recognition, or are impaired or amortized, shall be recorded into the profits and losses of the current period.

4. Practical measures to further financial and assets investigation and to counter money laundering.

As indicated in the report of the Secretary General on the financial performance of the Base, expenditures for the period amount to 22,059,100 gross ( 20,682,000 net), which is 149,000 gross lower than the appropriation of 22,208,100 gross.

for other categories of financial assets and financial liabilities, the transaction expenses thereof shall be included into the initially recognized amount.

(b) Freezing of assets means preventing any action allowing the management or use of assets other than normal administrative actions carried out by financial institutions

Article 14The actual interest rate method refers to the method by which the post amortization costs and the interest incomes of different installments or interest expenses are calculated in light of the actual interest rates of the financial assets or financial liabilities (including a set of financial assets or financial liabilities).

Where, upon independent test, the financial asset (including those financial assets with significant single amounts and those with insignificant amounts) has not been impaired, it shall be included in a combination of financial assets with similar risk features so as to conduct another impairment test.

(3)after deducting the impairment losses that have actually incurred (only applicable to financial assets).

(1)the contractual obligations to deliver cash or other financial assets to any other entity

What legislation and procedures exist for freezing accounts and assets at banks and financial institutions?

Also key in combating terrorism is the ability to track terrorist assets and financial transactions.

If China cannot do very much about existing gross assets and gross liabilities, it should address new assets and liabilities in order to 160 minimize future capital losses. In short, China must take into consideration the ongoing asset crisis facing emerging economies, especially when considering highly consequential questions such as full renminbi convertibility and the currency s internationalization.

If China cannot do very much about existing gross assets and gross liabilities, it should address new assets and liabilities in order to minimize future capital losses. In short, China must take into consideration the ongoing asset crisis facing emerging economies, especially when considering highly consequential questions such as full renminbi convertibility and the currency s internationalization.

(5) As regards available for sale financial assets, it is required to separately list the beginning and ending fair value of available for sale bonds, available for sale equity instruments and other available for sale financial assets.

Section 147 b, first paragraph, attaches criminal liability to those who obtain or collect funds or other financial assets in order that these financial assets should be used, in full or in part, to finance terrorist acts.

During the 1998 financial crisis, devaluation would have hurt those who owned local real estate but had little earnings or assets in US dollars. Not surprisingly, Hong Kong s oligopoly of property tycoons opposed changing the peg despite the currency s gross overvalue at the time.

(4)the contractual rights it has obtained through the exchange of financial assets or financial liabilities with other entities under potentially favorable conditions

(2)the non derivative financial assets which are designated as sellable at their initial recognition and