Assignment of receivables

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.

The unliquidated obligations recorded represent valid commitments of the organisation and were established in accordance with the Financial Rules.

Note 6 Provision for accounts receivable

(n) Provision for doubtful accounts receivable

Accounts receivable are presented in Statement II net of a provision of 2,581,147 for doubtful accounts receivable comprising

A. Legal aspects of receivables financing

UNDP has designed the accounts receivable report.

(q) Assignor means the person that makes an assignment of a receivable.

In this type of financing, it is also common for the lender to obtain a security right in the bank account into which customer payments (i.e. the proceeds of inventory and receivables) are deposited.

(f) Generally, absolute transfers of receivables

Write offs of cash receivable and property

(b) If payment in respect of the assigned receivable is made to the assignor, the assignee is entitled to payment of the proceeds and also to goods returned to the assignor in respect of the assigned receivable and

Funds monitoring tool

Delayed reporting of paid receivables

(a) If payment in respect of the assigned receivable is made to the assignee, the assignee is entitled to retain the proceeds and goods returned in respect of the assigned receivable

(p) Assignment means the creation of a security right in a receivable or the transfer of a receivable, whether the transfer is for security purposes or is an absolute outright transfer.

3. This article applies only to assignments of receivables

(b) The right of an assignee under an outright assignment of receivables

Writing off of losses of cash and receivables

Write off of losses of cash, receivables and property

PSD allowance for exchange rate fluctuation and doubtful accounts receivable

A provision for a possible write off of this receivable is included in accounts payable.

Accounts receivable are presented in statement II, net of a provision of 2,581,147 for doubtful accounts receivable comprising

(r) Assignee means the person to which an assignment of a receivable is made.

(t) Account debtor means a person liable for payment of a receivable.

(y) A United Nations Volunteer at UNAMSIL obtained 495 and 3,270,000 leones from locals under false pretences.

The Board noted that the Administration had standardized the template for the compilation of a portfolio of evidence.

The Department of Peacekeeping Operations informed the Board that the guidelines for the preparation of the 2006 07 budgets instructed all missions to reduce the ratio of desktop printers to computers to 1 4 (one desktop printer to every four computers) by 30 June 2007.

The USD 54,725,600 amount, originally described as relating to receivables, was re allocated as follows loss of profits and interest.

In paragraph 43, the Board indicated that UNODC agreed with the Board's recommendation to define a write off policy of its long outstanding receivables and clear its old outstanding accounts receivable.

Missions have been reminded to put in place measures to facilitate the timely receipt of bank statements and preparation of bank reconciliations.

On the whole, the rise in the accounts receivable has been stopped, and they now stay at a reasonable level.

United Nations Convention on the Assignment of Receivables in International Trade

Desiring also to ensure adequate protection of the interests of debtors in assignments of receivables,

2. This Convention does not apply to assignments of receivables arising under or from

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

(See also rule 110.9 with respect to the writing off of losses of cash and receivables.

The Vienna Convention on the Assignment of Receivables in International Trade (02 02)

2. Unless otherwise agreed, an assignment of one or more future receivables is effective without a new act of transfer being required to assign each receivable.

(c) If payment in respect of the assigned receivable is made to another person over whom the assignee has priority, the assignee is entitled to payment of the proceeds and also to goods returned to such person in respect of the assigned receivable.

The Fund has focused its communication efforts to clear receivables on the two organizations mainly concerned (UNICEF and UNDP).

These amounts shall remain recorded as accounts payable until payment is effected.

These amounts shall remain due until payment is effected.

A CN.9 397 Possible future work legal aspects of receivables financing