Clearing house mechanism compendium

Defences and rights of set off of the debtor

Defences and rights of set off of the account debtor

Agreement not to raise defences or rights of set off

Trust Fund to Support the Clearing house Mechanism through the

meet the agreed incremental costs of implementing the Protocol finance clearing house functions that

Sitting in the sun under the dove house wall My lord and you were then at Mantua

Owing to this cooperation, they created mutual good business and cooperative relations, settled through clearing arrangements.

Such an agreement precludes the account debtor from raising against the assignee those defences and rights of set off

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.

1. The debtor may agree with the assignor in a writing signed by the debtor not to raise against the assignee the defences and rights of set off that it could raise pursuant to article 18. Such an agreement precludes the debtor from raising against the assignee those defences and rights of set off.

In paragraph 26 of its report, the Board recommended that the Tribunal (a) comply with the United Nations system accounting standards by not netting accounts payable off against accounts receivable and vice versa and (b) improve the financial application system to prevent the netting off of debit and credit amounts.

Also, the Federal Reserve Bank has completed the extension of its Automated Clearing House (ACH) system to Mexico, allowing electronic funds transfer at very low costs.

Cooperation brokered under the Bali Strategic Plan and lessons learned from such endeavours will also be accessible through the clearing house.

(a) This amount represents the difference between advances paid to UNDP, and expenditures reported by UNDP under the special clearing account.

a This amount represents the difference between advances paid to the United Nations Development Programme (UNDP) and expenditures reported by UNDP under the special clearing account.

In its report on the biennium 2002 2003, the Board noted that no supporting documentation had been provided for the inter office voucher clearing account credit balance.

Directed the PTA Bank, commercial banks and central banks to advertise widely the use of the Clearing House and the UAPTA traveller apos s cheques.

Democratic and Republican administrations invested in great projects that benefited everybody, from the workers who built them to the businesses that still use them today.

Reaffirmed its commitment to the use of the Clearing House and the unit of account of the Preferential Trade Area traveller apos s cheques and urged monetary authorities and commercial banks to enhance cooperation by increasing the use of UAPTA traveller apos s cheques

The prices of imported goods result from applied exchange rates and include the effects of changing the method of clearing accounts among the members of former Council of Mutual Economic Assistance from 1 January 1991.

For a significant part of this amount, the supporting documentation was the official UNDP service clearing account report, which was considered a valid documentary base by UNDP and UNHCR.

For a significant part of this amount, the supporting documentation was the official UNDP service clearing account report, which was considered a valid documentary base by UNDP and UNHCR.

(b) Technical Cooperation Trust Fund to Support the Clearing house Mechanism with Consultancies on Strategies for Dealing with Serious Environment Problems (financed by the Government of Norway), to be extended through 31 December 1993

Directed the secretariat to carry out a study immediately on the factors causing the decline in the use of the Clearing House and the UAPTA traveller apos s cheques and to recommend strategies to reverse the declines

Moreover, if China develops financial problems, capital outflows may accelerate. The Chinese authorities may then be forced to tighten the quotas made available to the clearing banks.

(a) The account debtor may agree with the assignor in a writing signed by the account debtor not to raise against the assignee the defences and rights of set off that it could raise pursuant to recommendation 20.

On derivatives, there is now general agreement on how to approach trading, clearing, and transparency, but much more work to do on capital requirements, margin requirements, clearinghouse supervision, and other issues.

The UNEP capacity building clearing house will define its functionality through a bottom up needs assessment process and an internal review of existing relevant databases and project tracking systems, so as to meet the needs of the primary users of the clearing house.

We should toast the likely successes some form of financial product safety commission will be established more derivative trading will move to exchanges and clearing houses from the shadows of the murky bespoke market and some of the worst mortgage practices will be restricted.

There may still be some debate as to what constitutes an asset, but useful definitions are now available and States can seek further guidance from the Committee on issues such as set off, joint accounts and third party funds.

The system analyst at United Nations Headquarters has recommended and effected changes in the design and layout of the reporting module (i.e., the ageing report) which will have the debits and credits separated so as to avoid the netting off effects.

3. Notwithstanding paragraphs 1 and 2 of this article, defences and rights of set off that the debtor may raise pursuant to article 9 or 10 against the assignor for breach of an agreement limiting in any way the assignor's right to make the assignment are not available to the debtor against the assignee.