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It also stated that it was prepared to transfer $200 million of this total to the escrow account, as long as the amount transferred at no time exceeded 50 per cent of the total funds contributed or transferred to the escrow account. 9. (...) ESTABLISHMENT OF THE ESCROW ACCOUNT AND RECEIPTS TO DATE 13. A competitive bidding exercise was conducted to select a commercial bank in which to establish the United Nations escrow account. (...) No further funds are available from the escrow account at the present time for these activities. 20.

Financial overview The escrow account was established on 15 December 2010 by the Security Council in its resolution 1958 (2010). Pursuant to the resolution, the Administration transferred $151 million from the United Nations escrow (Iraq) accounts to a new escrow account, including $20 million in the administration fund and $131 million in the indemnification reserve fund. (...) The Administration, in accordance with Security Council resolution 1958 (2010), transferred $131 million as the indemnification reserve fund from the United Nations escrow (Iraq) accounts to the new escrow account.

The operations of the escrow account are administered by the Secretariat at United Nations Headquarters. (...) Defined benefit plans are those where the escrow account’s obligation is to provide agreed benefits and therefore the escrow account bears the actuarial risks. (...) On 1 January 2014, the escrow account adopted IPSAS accrual -based financial accounting standards.

The disclosures confirm that the escrow account has sufficient assets to discharge its liabilities. (...) The operations of the escrow account are administered by the Secretariat at United Nations Headquarters. (...) Defined benefit plans are those where the escrow account’s obligation is to provide agreed benefits and therefore the escrow account bears the actuarial risks.

Certification of the financial statements Letter dated 30 September 2017 from the Assistant Secretary-General, Controller, addressed to the Chair of the Board of Auditors The financial statements of the United Nations escrow account established pursuant to Security Council resolution 1958 (2010) for the period from 1 January to 30 June 2017 have been prepared in accordance with financial rule 106.1. (...) The financial statements of the escrow account have been prepared using a liquidation basis of accounting, as the escrow account had been terminated as at 30 June 2017. (...) Defined benefit plans are those where the escrow account’s obligation is to provide agreed benefits and therefore the escrow account bears the actuarial risks.

The disclosures confirm that the escrow account has sufficient assets to discharge its liabilities. (...) The operations of the escrow account are administered by the Secretariat at United Nations Headquarters. (...) Defined benefit plans are those where the escrow account’s obligation is to provide agreed benefits and therefore the escrow account bears the actuarial risks.

As at 31 December 2010, the United Nations escrow (Iraq) accounts were, however, still under liquidation. (...) Status of the United Nations escrow (Iraq) accounts as at 31 December 2010 17. As at 31 December 2010, the United Nations escrow (Iraq) accounts were still under liquidation.

The costs of UNMOVIC were met from the funds deposited in an escrow account established under Security Council resolution 986 (1995). 33. (...) In the light of the absence of a timetable to resolve the outstanding issues and to complete the closure of the escrow accounts, as well as the possible termination of the mandate of the Fund, the Board is concerned about the continuing delay in the transfer of the unencumbered balances from the escrow accounts. (...) I certify that the appended financial statements of the United Nations escrow (Iraq) accounts, numbered I to III, are correct.

(c) The financial period for the escrow account established under the provisions of Security Council resolution 1958 (2010) is one year from 1 January to 31 December. (...) Inter-fund balances also reflect transactions directly with other escrow accounts and with the United Nations General Fund. (...) S/2013/439 27 13-40663 Note 7 Escrow account activities Escrow account activities during fiscal year 2012 were as follows: Expenditure by project as at 31 December 2012 (Thousands of United States dollars) Projects Expenditure IRAQ-1958-ADMIN 592 IRAQ-1958-HLC 320 IRAQ-1958-IIC 328 Grand total 1 240 IRAQ-1958-ADMIN.

Pursuant to resolution 1958 (2010), $151 million was transferred from the old escrow accounts to the new escrow accounts in 2010, including $20 million of the administration fund and $131 million of the indemnification reserve fund. (...) b Represents transfers from the United Nations Iraq escrow accounts as authorized by the Security Council in resolution 1958 (2010). (...) Inter-fund balances also reflect transactions directly with other escrow accounts and with the United Nations General Fund.