OECD Code of Liberalisation of Capital Movements by OECD Organisation for Economic Co-operation and Develop
By OECD Organisation for Economic Co-operation and Develop
For part a century, the OECD Code of Liberalisation of Capital hobbies has supplied a balanced framework for capital account openness. This new version of the Code provides the whole textual content of the Code, commencing the rights and duties of adhering nations. It additionally indicates how a long way all the 34 adhering international locations is open to overseas capital hobbies, as of March 2011.
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Extra info for OECD Code of Liberalisation of Capital Movements
VIII. Credits directly linked with international commercial transactions or with the rendering of international services i) In cases where a resident participates in the underlying commercial or service transaction. A. Credits granted by non-residents to residents. B. Credits granted by residents to non-residents. ii) In cases where no resident participates in the underlying commercial or service transaction. (See List B) IX. Financial credits and loans6 (See List B) OECD CODE OF LIBERALISATION OF CAPITAL MOVEMENTS 2011 © OECD 2011 35 ANNEX A X.
Introduction on a recognised domestic financial market. OECD CODE OF LIBERALISATION OF CAPITAL MOVEMENTS 2011 © OECD 2011 ANNEX A C. D. Operations in the country concerned by non-residents. 1. Purchase. 2. Sale. 3. Exchange for other assets. Operations abroad by residents: 1. Purchase. 2. Sale. 3. Exchange for other assets. Remarks: The liberalisation obligations under B1 and B2 are subject to the regulations of the financial markets concerned. The authorities of Members shall not maintain or introduce restrictions which discriminate against foreign negotiable instruments or non-securitised claims.
Financial back-up facilities: (See List B) XI. Operation of deposit accounts7 A. 36 Operation by non-residents of accounts with resident institutions: 1. In domestic currency. 2. In foreign currency. OECD CODE OF LIBERALISATION OF CAPITAL MOVEMENTS 2011 © OECD 2011 ANNEX A B. Operation by residents of accounts with non-resident institutions: (See List B) Remark: Transactions and transfers under XI/A shall be free provided the deposit accounts are operated with financial institutions authorised to accept deposits.