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> Article 52
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V. General Operations, Standards and Systems
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| 5.2 Systems | ||
| Article 52-Accounts | ||
| 52.1 | Accounts | |
| There are five (5) main types of Accounts for the Bank: Master (Account), Asset (Accounts), Asset Underwritten Currency (Accounts), Liability (Accounts) and Liability Underwritten Currency (Accounts): | ||
| Master Account | ||
| The Master Account is the primary universal account for a particular Member or non-member and represents their registered number or temporary agreement number if not a member. | ||
| Asset Account | ||
| An Asset Account is an account used for the deposit of assets, including the creation of new securitized asset instruments against these assets. | ||
| Asset Underwritten Currency Account | ||
| The Asset Underwritten Currency Accounts are the accounts used for currency trading at the Sovereign Credit level and below. | ||
| Liability Account | ||
| A Liability Account is an account used for the recording of any debt instruments redeemed through Liability to Asset Programs of the Bank. | ||
| Liability Underwritten Currency Account | ||
| A Liability Underwritten Currency Account is an account used for the recording of any debt based currency redeemed through being attached to a redeemed Liability Instrument such as a Bond or other Security. | ||
| 52.2 | Master Account | |
| A Master Account is the primary universal account for a particular Member or non-member and represents their registered number or temporary agreement number if not a member. | ||
| There are five (5) types of Master Accounts, dependent upon the highest asset type for which the Account Beneficiary is named: Supreme (Master) Account, Universal (Master) Account, Globe (Master) Account, Union (Master) Account and Society (Master) Account. | ||
| Supreme (Master) Account | ||
| A Supreme (Master) Account is a Master Account where one or more Supreme Credits are named to the benefit of a registered Corporation or Notary. A Supreme (Master) Account will then have links to several lesser Asset classes as part of the Account. A Supreme (Master) Account is the highest possible Account, recognizing the highest level of underwriting of assets to a beneficiary. | ||
| Universal (Master) Account | ||
| A Universal (Master) Account is where one or more Universal Credits are listed for the benefit of a registered Corporation or Notary, but where the Supreme Credits underwriting the Universal Gold Credits are under the name of a different beneficiary consistent with the underwriting rules listed for Supreme Credits. | ||
| Globe (Master) Account | ||
| A Globe (Master) Account is where one or more Globe Silver Credits are listed for the benefit of a Corporation or Notary, but where the Universal Credits underwriting the Globe Silver Credits are under the name of a different beneficiary consistent with the rules of underwriting listed for Universal Gold Credits. | ||
| Union (Master) Account | ||
| Union (Master) Account is where one thousand or more Union Sovereigns are listed for the benefit of a Corporation or Individual but where the Globe Silver Credits underwriting the Union Sovereigns are under the name of a different beneficiary consistent with the rules of underwriting listed for Union Sovereigns. | ||
| Society (Master) Account | ||
| Society Account is where a Corporation or Individual has no other Union or Global Account. | ||
| 52.3 | Asset Account | |
| An Asset Account is an account used for the deposit of assets, including the creation of new securitized asset instruments against these assets. An Asset Account is one of five (5) main types of Accounts for the Bank. Only tangible and underwritten assets may be deposited into an Asset Account. There are Three Types of Asset Accounts: Trust, Bond and Currency. An Asset Trust Account holds assets in trust that do not currently underwrite any lesser securitized assets or currencies. An Asset Bond Account is when Assets are used to underwrite a Bond and are held in trust as assurance for that Bond. An Asset Currency Account is when an Asset is used as underwriting for a currency. | ||
| 52.4 | Asset Underwritten Currency Account | |
| Asset Underwritten Currency Accounts are the accounts used for currency trading at the Sovereign Credit level and below underwritten by tangible and securitized assets registered in an associated Asset Account of the Bank. An Asset Underwritten Currency Account is one of five (5) types of Accounts of the Bank. There are six (6) types of Asset Underwritten Currency Accounts: Consolidated Currency Trading Account, Currency Deposit Account, Currency Transfer Account, Currency Contribution Account, Currency Investment Account and Currency Redemption Account. | ||
| 52.5 | Liability Account | |
| A Liability Account is an account used for the recording of any debt instruments redeemed through Liability to Asset Programs of the Americas Union Reserve Bank. A Liability Account is one of five (5) types of Accounts of the Bank. Where a Liability Instrument is not underwriting debt currency in circulation, it may be redeemed and deposited into a Liability Account directly. However, if the debt instrument underwrites an amount of debt currency, the currency must also be redeemed to the Bank along with its associated Liability instruments. | ||
| 52.6 | Liability Underwritten Currency Account | |
| A Liability Underwritten Currency Account is an account used for the recording of any debt based currency redeemed through being attached to a redeemed Liability Instrument such as a Bond or other Security recorded in a related Liability Account of the Americas Union Reserve Bank. A Liability Underwritten Currency Account is one of five (5) types of Accounts of the Americas Union Reserve Bank. A deposit into a Liability Underwritten Currency Account is not permitted unless the associated Liability Instruments underwriting the debt currency are also redeemed and recorded at the same time, or first. | ||
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