The assets of SBO OF HOSPITALLERS
The assets of SBO OF HOSPITALLERS are spread between an authorized fund, a reserve fund, a fixed assets fund, a depreciation fund and a banking development fund.
The authorized fund consists of 1,000,000 (One Million) metric tons of gold (XAU - the ISO 4217 standard code for one troy ounce of gold, considered as a currency) equivalent in Gold ECU. The authorized fund assets are transferred by the INTERNATIONAL TREASURY MONETARY ONE in the form of Gold ECU Treasury Notes to the SBO OF HOSPITALLERS.
The reserve fund is formed from the income of the SBO OF HOSPITALLERS for covering possible losses from the operations.
The fixed assets fund consists of buildings, structures and other property belonging to the SBO OF HOSPITALLERS.
The depreciation fund is formed and spent in accordance with the procedure established by the legislation of the SBO OF HOSPITALLERS.