The regular resources cash balance at the end of 2004 was 329 million, consisting of 318 million in convertible currencies and 11 million in non convertible currencies.

Table 5 Non convertible currencies held at 31 December 2004

The equivalent of 1,491,424 ( 1,099,180) is held in currencies classified as non convertible, as follows

The financial plan for 2004 recommended a minimum regular resources convertible cash balance of 79 million.

That the exported goods are furnished against foreign currency convertible within three months of the date of shipment.

Table 5 shows details of the United States dollar equivalent of non convertible currencies held at 31 December 2004.

The embedded derivative instruments and the principal contract jointly form into a mixed instrument, e.g., the convertible company bonds, etc.

It seems that article 36 is already covered by paragraph 2 of article 94, which mandatorily regulates the responsibility and liability of the shipper and persons referred to in article 34.

And they're now fully capable of handling any of the loads you would see in flight just like putting down your convertible top.

Financial contributions to accounts established under Article 18 shall be payable in freely convertible currencies and shall be exempt from foreign exchange restrictions.

If individually negotiated contracts are excluded from the draft instrument or are not covered by its mandatory scope, then the substantive liability regime applies mandatorily only to what may be called contracts of adhesion.

So I'm sitting here looking at the next two decades of my life, this chasm of happiness that we're driving our proverbial convertible straight into.

Parties could be asked to agree that annual contributions be fixed in euros and the equivalent of the euro amount be paid in any convertible currency.

Second, China will have to make its currency convertible. Third, the position of the euro will strengthen over time as more countries will join the euro zone.

UNICEF internal liquidity guidelines recommend a year end regular resources convertible cash balance equal to at least 10 per cent of projected regular resources income for the following year.

First, all existing international regimes establish minimum levels of carrier liability, which apply mandatorily, that is to say the relevant substantive rules on liability of the carrier may not be contractually modified to the detriment of the shipper or consignee.

Nevertheless, it should be noted that if the draft instrument were to apply by default, albeit not mandatorily, a contracting party with more detailed knowledge of all the terms of the complete set of rules may find itself at an advantage.

To meet this requirement, the UNICEF liquidity policy recommends a minimum year end regular resources convertible cash balance equal to 10 per cent of projected regular resources income for the following year.

The UNICEF liquidity policy established by the Board requires a minimum year end regular resources convertible cash balance equal to 10 per cent of projected regular resources income for the following year.

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