7. Receivables financing assignment of receivables.

6. Receivables financing assignment of receivables.

Receivables

Due from UNOSOM Due from UNTAC

It was suggested that the list should include, in addition to receivables arising from deposit accounts, receivables arising from investment securities, repurchase agreements, wire transfers, swaps and cheque collection systems.

Other receivables

Assignment of receivables

VI. Other Receivables

2. This Convention does not apply to assignments of receivables arising under or from

Due from other agencies Due from staff c. Deferred charges comprise

Note 12 Other receivables

Note 12 Other Receivables

Revaluation of contributions receivables

(iii) permitting substitution of the assigned receivables for new receivables of at least equal value,

Due from UNMLT

Due from UNTAES

Due from UNMIBH

Due from UNPREDEP

Due from ONUSAL

Due from UNOMIL

Due from ONUMOZ

Due from UNTAGb

Due from UNIIMOGb

Due from UNTAGe

Due from UNIIMOGe

(3)loans and account receivables.

(1)loans and accounts receivables

3. Assignment in receivables financing

IV. Assignment in receivables financing

Note 10. Other accounts receivables

Other receivables and deferred charges

With regard to the description of the receivables, it was suggested that quot a brief description quot might be necessary only in case not all receivables were assigned when all receivables were assigned, a reference to quot all receivables quot should be sufficient.

One view was that such receivables should be excluded from the scope of the draft Convention.

(f) Generally, absolute transfers of receivables

Note 11. Write off of receivables

(a) an assignment of receivables that are specified individually is effective to transfer the receivables to which it relates

In order to address both the transfer of title in the receivables and the creation of security rights in receivables, it was agreed that reference should be made in subparagraphs (a) and (b) to the transfer of rights in receivables rather than to the transfer of receivables .

(3) An assignment of receivables is effective to transfer the rights to cash received upon collection or other disposition of receivables, provided that the cash may be identified as proceeds of the receivables.

(1) This Convention applies to assignments of international receivables and to international assignments of receivables as defined in this Chapter

Another view was that there was no reason to exclude the assignment of receivables arising from deposit accounts.

(3)loans and the account receivables and

Transfer of rights securing the assigned receivables

Note 7. Provision for uncollectible contributions receivables

(i) as regards receivables, it is required to separately list the details of receivable management fee, other receivables and advanced payments

Note 10. Due from UNDP