7. Receivables financing assignment of receivables.

6. Receivables financing assignment of receivables.

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

Receivables

Accounts receivable and accounts payable

(b) Existing receivable means a receivable that arises upon or before conclusion of the contract of assignment and future receivable means a receivable that arises after conclusion of the contract of assignment

(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.

(3)loans and the account receivables and

(3)loans and account receivables.

(1)loans and accounts receivables

Note 8. Accounts receivable and payable

Note 7. Provision for uncollectible contributions receivables

(a) Individually as receivables to which the assignment relates or

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.

Assignment of receivables

Other receivables

In addition, a comprehensive review of the receivable and payable accounts is being conducted to prevent netting off of the accounts payable against the accounts receivable and vice versa.

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.

quot (1) A receivable is international if, at the time it arises, the places of business of the assignor and the debtor are in different States.

quot (9) Priority with regard to the receivables includes priority with regard to cash received upon collection or other disposition of the receivables, provided that the cash may be identified as proceeds of the receivables. quot

(i) Accounts receivable other

(e) Accounts receivable other

Contributions receivable from Member States

Accounts receivable from Member States

Other accounts receivabled

Note 3. Accounts receivable

VI. Other Receivables

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

quot (3) Future receivable means a receivable that might arise after the conclusion of the assignment.

Interest income and dividends are recorded on an accrual basis and foreign taxes withheld are recorded as receivables.

Aging analysis of contributions receivable

Note 12 Other Receivables

V. ASSIGNMENT IN RECEIVABLES FINANCING 252 256 54

Scope of application 125 145 31 Article 2.

3. Assignment in receivables financing

Assessed ccontributions receivable from member Statesb

Due from UNPREDEP

Contributions receivable from Member Statesc

Assessed contributions receivable from Member Statesd

Accounts receivable amounted to 135,966.

Due by other funds 1 862 048

Donations to the Emergency Fund.

Apart from the estimated uncollectable amounts, recorded under the provision for doubtful accounts receivable, we expect all significant accounts receivable at 31 December 2004 to be collected.

All commitments against resources of future financial periods have been disclosed as required by the United Nations System Accounting Standards.

Provision is made for account receivables for which no reasonable expectation of recovery exists.