Standard assets definition

Standard assets means the asset in respect of which, no default in repayment of principal or payment of interest is perceived and which does not disclose any problem nor carry more than normal risk attached to the business.
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Standard assets means cash, cash funds, deposits, exchange-traded commodities, government and local authority bonds and other fixed interest stocks, investment notes (structured products), shares in investment trusts, managed pension funds, national savings and investment products, permanent interest bearing shares (PIBs), physical gold bullion, real estate investment trusts, securities admitted to trading on a regulated venue and UK commercial property units in regulated collective investment schemes. In addition, a standard asset must be capable of being accurately and fairly valued on an ongoing basis and readily realised within 30 days, whenever required.
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Standard assets means assets which are capable of being accurately and fairly valued on an ongoing basis and readily realised within 30 days, whenever required
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Examples of Standard assets in a sentence

  • Assets are classified as described below: Standard assets Assets that do not disclose any problems or which do not carry more than normal risk attached to the business are classified as standard assets.


More Definitions of Standard assets

Standard assets means the list of assets defined as such within rule IPRU-INV 5.9.1R;
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Related to Standard assets

  • Gross Assets means the total of fixed assets and current assets;

  • Fixed Assets means Equipment and Real Estate.

  • Standard equipment means the basic configuration of a vehicle which is equipped with all the features that are required under the regulatory acts of the Contracting Party including all features that are fitted without giving rise to any further specifications on configuration or equipment level.

  • Client Assets means assets which a bank has undertaken to hold for a client (whether or not on trust, and whether or not the undertaking has been complied with);

  • Business Assets means all tangible and intangible property and assets owned (either directly or indirectly), leased, licensed, loaned, operated or used, including all real property, fixed assets, facilities, equipment, inventories and accounts receivable, by the Corporation and the Subsidiaries in connection with the Business;