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VI. Assets, Currencies and Liability Redemptions
  
  6.1 Assets  
  Article 89-Asset Management and Accounts  
89.1

Asset Management and Accounts

  
  All the Assets managed by the Bank shall be recorded and deposited into an Asset Account. An Asset Account shall be one of five (5) main types of Acconts of the Bank, with the other four being Master Account, Asset Underwritten Currency Account, Liability Account and Liability Underwritten Currency Account.  
  Only tangible and underwritten assets may be deposited into an Asset Account.  
  The Treasury shall be responsible for the management of all Asset Accounts.  
89.2 Types of Asset Accounts  
  There shall be three (3) types of Asset Accounts being 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.  
89.3 Primary Principles of Asset Accounts  
  The following shall be the primary principles in the management of Asset Accounts:  
  (i) Asset Accounts shall be subdivided into classes of Asset Accounts, beginning with the most valuable of Assets to the least valuable and general assets with the most valuable to least valuable (in order) being: Supreme Credits Asset Accounts, Universal Gold Credits Asset Account, Globe Silver Credit Asset Account, Gold Reserve Asset Account and General Asset Accounts; and  
  (ii) No object based on Slave Labor Equity, nor underwritten by debt shall be permitted to be classed as an asset, nor entered into an Asset Account, regardless of how it is named; and  
  (iii) All genuine Assets when received by the Treasury shall be first recorded into an Asset Trust Account; and  
  (iv) No Asset shall be recorded in more than one (1) Asset Account at any one time; and  
  (v) An Asset within its class may be transferred between any of the three (3) standard Asset Accounts being Trust, Bond or Currency; and  
  (vi) When an Asset is transferred from Trust to Currency, the equivalent full face value in securitized Assets and Currency must be created; and  
  (vii) When an Asset is transferred from Currency to a Trust or Bond Account, the full face value of any lesser securitized Assets and Currency underwritten by the Asset must be withdrawn.  
     
     
 
 

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