Opening of bank accounts

Reconciliation of bank accounts

Bank accounts.

(a) Bank accounts managed 450 495

Bank accounts, authority and policy

Security rights in bank accounts

With adequate resources to properly represent cases, those without legal foundation might be avoided and consideration of remaining cases would be expedited by virtue of their clear presentation on the merits.

Special accounts.

Report by the Director General

Special Accounts

The Tribunal's bank accounts are to be opened and operated in accordance with the following guidelines

The new sub unit would also take over responsibility for the monitoring and reconciliation of bank accounts and recording of banking transactions, on a daily basis.

The current banking arrangements will be rationalized the closing of bank accounts for non convertible currencies has been agreed by UNDCP.

Assets 15. All funds received are deposited into UNICEF bank accounts, including those under special account arrangements, and reflected as cash holdings.

special accounts

D5 (bank accounts and securities) losses

Broad support was expressed for including bank accounts within the scope of the guide.

All the bank accounts in Indonesia and Sri Lanka have been closed as the Office for the Coordination of Humanitarian Affairs field offices have no delegation of authority to approve financial transactions and manage bank accounts.

The Board previously reported on deficiencies in bank and cash management.

It was suggested that the recommendation and the commentary should clarify that internal bank accounts were not covered.

Objective 3. Closer monitoring of activity in bank accounts and automated reconciliation.

The Working Group proceeded to discuss the recommendations with respect to security rights in bank accounts.

(p) Special accounts for programme support costs

The Registrar shall establish all official bank accounts required for the transaction of the Tribunal's business and shall designate those officials to whom signatory authority is delegated for the operation of those accounts.

The Committee was informed that the proposed requirements were for additional enhancements related to transaction matching and bank account pooling.

It was stated that a modern regime on secured transactions could simply not ignore bank accounts.

Cash balances and the number of non interest bearing bank accounts were further reduced.

Likewise, the Bush administration opposed the OECD initiative to restrict bank secrecy until it realized that secret bank accounts help finance terrorists.

In paragraph 71 of the report of the Board of Auditors, it recommended that the Administration should ensure that proper bank and cash management processes are in place.

They mimic bank accounts by allowing investors to write checks and promise that their investment s value will not fall.

The Group has reviewed the detailed bookkeeping and bank instructions the Kampala traders maintain for this purpose.

Administration and use of the special accounts for programme support costs

It should be more like private accounting.

They will then most likely take that money and deposit it into their own bank account.

(A CN.9 WG.VI WP.18 and Add.1)

(statement XII) 12.2 5.5

The requirements of 64,400 under consultants relate to the completion of the SWIFT cash management system, which will permit automated matching of cash and investment transactions and consolidation of bank accounts, thus simplifying account management and reducing overall costs for banking.

Treasury receives assessed contributions administers peace keeping operations apos bank accounts makes various payments from those accounts and arranges for short term investments for their cash holdings.

Comment by the Administration. UNDP continues to monitor the status of the payroll bank account reconciliation with the United Nations.

Following the implementation of new banking arrangements, there is an even greater need for timely monitoring of activity and for daily reconciliation of operational bank accounts.

While there is certainly room for improvement (as noted in the recommendations of the Board), it was noted that all 615 bank accounts (at headquarters and country offices) have been fully reconciled in Atlas, which has made it possible for all differences between the bank and book to be followed up.

All types of benefits are paid directly through second tier banks to the personal bank accounts of the recipients of the social payments.

There was broad support for the idea that bank accounts should be clearly distinguished from securities accounts.

30. In the United Nations, there is a proliferation of bank accounts and surplus cash balances are held in them earning low rates of interest.

The administration has also made progress in the reconciling of bank accounts, which is essential in an environment where forged cheques are becoming more prevalent.