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.
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.
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
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;