Financial and economic assets freeze

23 Transfer of Financial Assets.

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

23 Transfer of Financial Assets

Chapter II Classification of Financial Assets and Financial Liabilities

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.

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

Article 13The post amortization cost of a financial asset or financial liability refers to the following result after adjustment of the initially recognized amount of the financial asset or financial liability

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

(4)financial assets available for sale.

Chapter VI Impairment of Financial Assets

(1)Having no available financial resources to continuously provide funds to the financial asset investment so as to hold the financial asset investment until its maturity

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

Freezing of economic and financial assets

Arms embargo

(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.

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

Where the future cash flow or term of existence of a financial asset or financial liability cannot be predicted reliably, the contractual cash flow of the financial asset or financial liability for the whole term of the contract shall be taken into account.

The termination of recognition shall refer to the writing off the financial asset or financial liability from the account or balance sheet of the enterprise concerned.

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.

(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

Or the deposits can be investments in D.E. Shaw s funds and the loans can be the complex derivatives that make up D.E. Shaw s portfolio.

The share of GDP devoted to investment was 19.6 per cent in 2004.

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

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).

The actual interest rate refers to the interest rate adopted to cash the future cash flow of a financial asset or financial liability within the predicted term of existence or within a shorter applicable term into the current carrying amount of the financial asset or financial liability.

Article 24When an enterprise becomes a party to a financial instrument, it shall recognize a financial asset or financial liability.

(1)Where the contractual rights for collecting the cash flow of the said financial asset are terminated or

Where there is any objective evidence proving that such financial asset has been impaired, an impairment provision shall be made.

The specific fund application and the exact percentage of an insurance company's total fund allocated to each of them shall be stipulated by the financial supervision and regulation department.

(1)In the active market, the quoted prices of an enterprise for the financial assets it holds or the financial liabilities it plans to assume shall be the present actual offer, while the quoted prices of an enterprise for the financial assets it plans to acquire or the financial liabilities it has assumed shall be the available charge.

Article 41The expression objective evidence proving that the financial asset has been impaired refers to the actually incurred events which, after the financial asset is initially recognized, have an impact on the predicted future cash flow of the said financial asset that can be reliably measured by the enterprise.

The purchase and sale of foreign currency or gold as a financial asset

(2)The official written documents on risk management or investment strategies of the enterprise concerned have recorded that the combination of said financial assets, the combination of said financial liabilities, or the combination of said financial assets and financial liabilities will be managed and evaluated on the basis of their fair values and be reported to the key management personnel.

(1)Where such financial asset has a fixed date of maturity, it shall be amortized within the remaining period of the said financial asset by adopting the actual interest rate method and be recorded into the profits and losses of the current period.

And when the said financial asset is transferred out at its disposal, it shall be recorded into the profits and losses of the current period.

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.

There are mechanisms enabling the freezing of funds, assets and other financial resources in accordance with resolution 1455 (2003).

Decides that the provisions of the previous paragraph do not apply to funds, other financial assets and economic resources that

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

These show hotels and restaurants as the largest single employer in 1996, at 17.3 per cent of the total, maintaining their long term primacy, while community, social and personal services ranked a close second (at 16.1 per cent) and the financial sector a close third (15.3 per cent).6

(3)Where there is no available offer or charge for a financial asset or financial liability, but there is no any significant change to the economic environment after the latest transaction day, the enterprise shall adopt the market quoted price of the latest transaction to determine the fair value of the said financial asset or financial liability.

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

The ratio of assets under custody to total deposits of financial institutions is often used to measure the status and function of the custody sector.

The gap between the post amortization cost of the financial asset and the amount on the maturity date shall also be amortized within the remaining period of the said financial asset by adopting the actual interest rate method and be recorded into the profits and losses of the current period.