You'll fell unsecured and depressed...

Warning this is an unsecured session

In the insolvency of a non grantor debtor, the creditor is an unsecured creditor with an unsecured claim against the non grantor debtor.

Coercive restructuring of insolvent banks unsecured debt would be next.

Otherwise, compensation for delay may deplete the assets available to unsecured creditors.

They can also, it adds, obtain unsecured bank loans for themselves and their friends.

Let me just say that every unsecured transaction is a good example of a prisoner's dilemma.

The insolvency law should establish the priority that may be accorded to post commencement finance, ensuring at least the payment of the post commencement finance provider ahead of ordinary unsecured creditors, including those unsecured creditors with administrative priority.

Lending to foreign governments is in many ways inherently riskier than unsecured private debt or junk bonds.

But, while the debt was highly rated, how could anyone objectively assess unsecured and virtually unenforceable obligations?

In this context, resolution means that a bank s managers are fired, shareholders are wiped out, and unsecured creditors can suffer losses.

Shareholders organized themselves into pension funds, investment funds, and hedge funds.

When private borrowers default, bankruptcy courts supervise a bankruptcy or reorganization process through which even unsecured creditors can hope to recover something.

The law should provide that a security right that is effective against third parties has priority over the rights of unsecured creditors.

Operating Funds UNDP and UNDP Trust Funds

Social emergency funds and social investment funds

UNDP advances funds to, and receives funds for, the trust funds that it administers.

Losses are spreading from sub prime to near prime and prime mortgages, commercial mortgages, and unsecured consumer credit (credit cards, auto loans, student loans).

Funds

Other funds 141 417 Other funds 141 225

50. Separate disclosure should be made of any secured or unsecured borrowings, and a summary of the interest rates and repayment terms should be provided.

Other funds 26 313 Development Special funds 25 852

45 47 and 66) that ranks ahead of ordinary unsecured creditors and any statutory priorities, for example, taxes or social security claims. Suppliers of goods and services would only continue to supply those goods and services to the insolvency representative on credit if they had a reasonable expectation of payment ahead of pre commencement unsecured creditors.

Funds mobilization

Trust funds

Funds transfers

Administrative funds

Trust funds

Trust funds

Trust funds

Governmental funds

ALL FUNDS

PROJECT FUNDS

(all funds)

Endowment funds

Trust Funds

In 1992 1993, 21 new trust funds and 28 sub trust funds were established by the Administrator 9 trust funds and 19 sub trust funds were closed.

UNDP TRUST FUNDS ADMINISTERED BY UNDP STATUS OF FUNDS AS AT

If orderly treatment of unsecured senior creditors requires a new cross border regime to close down insolvent European banks, such a regime should be implemented without delay.

XV. Trust funds

(d) Sufficient funds.

Provision of funds

Custody of funds

Investment of funds

Source of funds