(e) Debtor means a person that owes performance of the secured obligation and includes secondary obligors, such as guarantors of a secured obligation .

CHICAGO It is universally recognized that a key factor underlying the 2007 2008 financial crisis was the diffusion of collateralized debt obligations (CDOs), the infamous special purpose vehicles that transformed lower rated debt into highly rated debt. As these structures lost popularity on Wall Street, however, they gained popularity on the other side of the Atlantic.

The obligations of certain organizations, such as the World Bank, are defined as quasi sovereign by the credit ratings agencies.

5. If the debtor receives notification of one or more subsequent assignments, the debtor is discharged by paying in accordance with the notification of the last of such subsequent assignments.

The super priority ranks ahead of administrative creditors.

27.18 The activities of the organizational units that provide support in carrying out the public information programme under subprogramme 1, Strategic communication services, subprogramme 2, New services, subprogramme 3, Library services, and subprogramme 4, Outreach services, are included under the respective subprogramme.

(e) If the account debtor receives notification of one or more subsequent assignments, it is discharged by paying in accordance with the notification of the last of such subsequent assignments

Secondly, we welcome the handling of the debt issue through the outright cancellation of the debt of 18 of the poorest countries.

Subprogramme 4 Outreach services

Legislative mandates Subprogramme 28.7

Subprogramme 23.1 Promotional services

Subprogramme 24.1 Management services

Subprogramme 24.5 Conference services

Subprogramme 23.3 Library services

Subprogramme 23.4 Publication services

In November 2001, the authorities again restructured the public debt, this time exchanging dollar denominated bonds for domestic guaranteed loans.

(v) systematically link debt repayment and debt servicing by commodity dependent developing countries to adverse movements in prices of commodity exports and imports

Subprogramme 1 Strategic communication services

13.9 The Division for Operations is responsible for the subprogramme.

Reiterates its request to the United Nations High Commissioner for Human Rights to pay more attention to the problem of the debt burden of developing countries, in particular of the least developed countries, and especially the social impact of the measures arising from foreign debt

Reiterates its request to the United Nations High Commissioner for Human Rights to pay more attention to the problem of the debt burden of developing countries, in particular of the least developed countries, and especially the social impact of the measures arising from foreign debt

Subprogramme 3 Relief and social services

Output service by subprogramme

Subprogramme 1.4 Security Council affairs

It has been two decades since the last global debt crisis.

IMF requested that the Government desist from repaying any debt until the entire quantum of debt is determined and rescheduled and the repayments are prioritized. (See table 7.

13.8 The Division for Treaty Affairs is responsible for the subprogramme.

Subprogramme 2 Regional field operation coordination

The debt indicators show what would be expected to be a sustainable debt position.1 The debt service ratio measured 13 per cent, the debt stock to exports ratio 114 per cent, the debt stock to GNP ratio 31 per cent, and short term debt to foreign exchange reserves ratio 53 per cent as noted, however, those figures obscure diverse trends at the country level.

As repeated reschedulings involve costs for the debtor countries and contribute to further accumulation of debt, the concept of reduction of the stock of debt (instead of the flows of debt service) was introduced by the Paris Club in 1994 and allowed for an exit from a repeated cycle of debt reschedulings.

(q) quot Unliquidated obligation quot shall mean an obligation or that portion of an obligation which is not yet disbursed.

Debtor countries derived two benefits from those operations released collateral can be used to meet other obligations, and since the swap is effected at a discount based on secondary market prices debt outstanding is commensurately reduced.

Thus, an amount of 937,400 has been included under executive direction and management 663,900 under subprogramme 1, Strategic communication services 329,700 under subprogramme 2, News services 19,200 under subprogramme 3, Library services and 51,800 under subprogramme 4, Outreach services (A 60 6 (Sect.

Since the last report, six African countries have rescheduled their debt with Paris Club creditors.

27.8 This subprogramme is the responsibility of the Division of Regional Operations.

33.28 This subprogramme is under the responsibility of the Division of Regional Operations.

Subprogramme 27.4 Interpretation, meeting and publishing services

On the debt burden, we applaud debt relief for the highly indebted poor countries.

Where the security right at issue (which secures the debtor's obligation) is granted by the debtor, the term debtor also refers to the grantor.

The law should specify that a security right may secure all types of obligation, including future, conditional and fluctuating obligations.

Urges that the approach in the debt settlement should cover all types of debt, including multilateral debt, and all indebted developing countries, and incorporate measures aimed at a once and for all reduction arrangement to reduce their debt burden to a scale that would allow them to resume their economic growth and development.

1. Reporting obligations on personal debts or liabilities

VII.10 As shown in table VII.2, five posts are to be redeployed from subprogramme 3, Library services, to strengthen subprogramme 4, Outreach services.

Options for lower debt burdens on Governments of heavily indebted developing countries include debt cancellation and debt swaps for sustainable development.

It includes subprogramme 1, International protection (Department of International Protection), and subprogramme 2, Assistance (Department of Operations).