The first shaky principle is that if the return on these bonds is highly correlated, so that they all default at the same time, overcollateralization is not much help. By contrast, if the returns are uncorrelated, it is extremely unlikely that they will all default at the same time, making overcollateralization sufficient to guarantee a safer return.

(c) Interest income in excess of the budgetary estimates

Gains arising from the revaluation of non euro cash and bank amounts are treated as realized

Any difference between the actual amount(s) received on exchange and the amount(s) that would have been obtained at the operational rate(s) of exchange shall be accounted for as loss or gain on exchange.

In 2004, total contributions represented 94.8 per cent of benefit payouts, with payouts exceeding total contribution income by 68.1 million.

The amount of 174,307 represents the net realized exchange gain from regular budget activities.

Gains could be larger than the total gains expected from all the other negotiating items in current WTO negotiations.

While overall contributions have reached 4.0 billion mark, other resources contributions have surpassed 3.1 billion, representing 77 per cent of total receipts in 2004.

In export earnings, direct as well as indirect, the share of agriculture is very high.

The potential savings and recoveries identified exceeded by far the cost of the UNHCR Audit Service.

2. The assignee may not retain more than the value of its right in the receivable.

Purchase orders cannot be processed unless they pass through the budget check function, which does not permit expenditure in excess of the project budget for that accounting period, or in excess of cash received.

In some areas, notably in North America and Europe, they have reached very high levels indeed, sometimes exceeding billions of US dollars or euros. But they seldom if ever reach the optimal level of three times actual gain. There could be several reasons for this.

Interest income in excess of the budgetary estimate ( 660,500) for the year 2004 is 57,870 actual amount, if any, due for distribution to eligible Member States will be determined at the end of the biennium.

(ii) If the amount of such income taxes exceeds the amount of staff assessment, the Secretary General may also pay to the staff member the amount of such excess

In the event that there is more than one beneficiary, the insured or the applicant may specify the order of distribution of the payment of the insurance benefits and their respective proportions in the absence of such specifications on proportions, all the beneficiaries shall share the benefits on an equal basis.

The Advisory Committee acknowledges that the administration has limited flexibility in influencing expenditures related to staff costs and allowances.

Those reports refer to overcharges and questionable amounts billed under the sole sourced contracts of an amount in excess of 200 million.

(d) Net excess (shortfall) of income over expenditure

(b) An allocation to high yield bonds will provide further diversification benefits to the portfolio, more than compensating for the risk of this asset category

Material relationship meaning United Nations accounts for more than 2 per cent of the candidate's income, or the candidate's company sales or purchases of products and or services, during the preceding three years.

Kosovo wide billings and collections by publicly owned enterprises are increasing, approaching 100 per cent for PTK (collections up 5 per cent to 70 per cent) 84 per cent for water sector utilities (collections up 15 per cent to 50 per cent) 60 per cent for KEK (collections 32 per cent).

women's net employment rate to reach 65 over 60 of women to be economically independent women's share of total income from employment to exceed 35 men to take on at least 40 of care responsibilities.

The divorce cannot have resulted by severe damage to married life caused by the applicant for survivor's pension.

Conventional wisdom suggests that the optimal organizational fine is as much as three times the actual gain from the cartel.

(a) where the Property Survey Board has recommended the application of these proceeds directly against the purchase price of replacement equipment or supplies (any balance shall be taken into account as miscellaneous income)

China s three decades of 10 annual hyper growth led to unsustainable strains outsize resource and energy needs, environmental degradation and pollution, and mounting income inequality. Huge Chinese current account surpluses resulted from too much saving and too little consumption.

Gains arising from the revaluation of non dollar cash and bank amounts are treated as realized, with the exception of euro cash and bank deposits where such gains are also set aside in accounts payable, pending utilization in the restoration of purchasing power to projects with euro expenditures.

retaining for its own account excessive insurance exposures which is regarded as having committed a serious breach or

Any project overspending by UNOPS would be in contradiction of its financial regulation 5.5, in accordance with which UNOPS is to ensure that all expenditure for foreseen project expenditure does not exceed the funds received.

The sum insured shall not exceed the insured value of the subject matter of the insurance, and any portion exceeding the insured value of the subject matter of the insurance is null and void as a matter of law.

Up to 4.5 million children from low and middle income families will benefit from the additional Canada Education Savings Grant rates.

(a) The assignor has received the proceeds under instructions from the assignee to hold the proceeds for the benefit of the assignee and

Ex gratia payments are approved by the Controller up to an amount not exceeding 5,000, when such payments are considered desirable in the interest of the organization.

Between 1959 and 2005, about half of the growth of the middle class s income came from increased net government expenditures. Indeed, from 2000 to 2004, the increase in net government expenditures accounted for 150 of income growth, as other sources of income shriveled up.

By 2001, the average pension in the Federation was two thirds of the average income per capita, which is above average for transition countries.

He noted that the Economic Development Commission beneficiaries generated about one third, or 127 million, of all income tax revenues and nearly 8.5 per cent, or 3,000, of jobs in the Islands.

If the proceeds from a certain business operation account for 10 or more of the total amount of profits of the reporting period, it is required to give an explanation on the contents, related cost and traded amount of the business.

(h) Is a current employee of a company that has made payments to or received payments from the United Nations in any of the last three fiscal years in excess of the greater of 1 million or 2 per cent of the consolidated revenues of the company

Prominent among these was the UNWRA microfinance programme, which disbursed some 15,000 loans valued at over 17 million to small businesses, maintaining a repayment rate of over 90 per cent.

Family earnings

Payments by the Government of Sao Tome and Principe foreseen during the period from 2002 to 2004 in its payments schedule ( 128,711) significantly exceeded the amounts actually received applied in those years ( 31,634).

In January 2005, the locals complained that they were not receiving a large enough share of the proceeds of the estimated 20 trucks per day being harvested in the area.

In March 2009, the S amp P 500 index was down to 660, earnings per share (EPS) of US companies and banks had sunk to a financial crisis low, and price earnings ratios were in the single digits. Today, the S amp P 500 is more than 100 higher (hovering near 1,430), the average EPS is close to 100, and P E ratios are above 14.

In March 2009, the S P 500 index was down to 660, earnings per share (EPS) of US companies and banks had sunk to a financial crisis low, and price earnings ratios were in the single digits. Today, the S P 500 is more than 100 higher (hovering near 1,430), the average EPS is close to 100, and P E ratios are above 14.