Starting 1st April 2024, Bermuda customers requiring HSBCnet support should send their email enquiries [email protected]. As a result of the sale of HSBC Canada, existing HSBCnet mailboxes for Bermuda enquiries (i.e. [email protected] and [email protected]) will be demised. Eligibility criteria. To qualify for HSBC Advance in Bermuda, you are required to: maintain at least $20,000 (or foreign currency equivalent) in personal savings or investments with HSBC Bermuda; or. maintain a mortgage in good standing with HSBC Bermuda.Today’s top 50 Banking jobs in Bermuda. Leverage your professional network, and get hired. New Banking jobs added daily. Skip to main content LinkedIn. Banking in Bermuda Expand search. This button displays the currently selected search type. When expanded it provides a list of search options that will switch the search inputs to match the current … Valuable rewards and cashback - 1.35 reward points for every $1 spent. New applicants receive 3,000 reward points. Spend $5,000 in the first 3 months – get 7,000 bonus points. 20.95% APR. USD Denominated. Receive credit card alerts to help protect from fraud. Apply from the comfort of your home using online banking. With this in mind, here’s a quick snapshot of key bank account opening considerations and the prospective clients that can consider opening here. Bermuda Banking Considerations. Remote Opening: Possible. Opening Difficulty: Medium. Currency: BMD (Bermudian Dollar) Minimum Deposit: 25,000 to 250,000 USD.01 August 2019. Short Duration Fixed Income Fund Application Form. (Forms 541.78KB) 01 August 2019. 1. 2. Access HSBC Asset Management Bermuda literature, materials and institutional investor support. Step 1: Get a pre-approval. A pre-approval is the first step to apply for a mortgage with HSBC: We aim to provide a pre-approval on most mortgage applications on the same working day. To request a mortgage pre-approval, please book an appointment with one of our specialists. You can also call us directly on +1 441 299 5959, email bermuda ... The HSBC Bermuda app has been specially built for our customers*, with reliability at the heart of its design. Enjoy security and convenience with these great features: • View your account balances. • Make Transfers between your accounts. • Make Transfers to local third-party accounts you have set-up. • Pay Bills.HSBC Bank Bermuda provies retail and corporate banking, investment, custody and fund administration services to international and local clients. Find all your personal banking needs including, accounts, credit cards, loans, mortgages,... Somerset Branch, 31 Mangrove Bay Rd, Somerset, Bermuda, MA 01. Book Online Directions Website. Call …Jun 17, 2022 ... HSBC #Bermuda #Can't #Install #cannotinstall #can'tdownload How To Fix Can't Install HSBC Bermuda App Error In Google Play Store in Android ... Everyday Savings Account. Keep your money easily accessible for deposits, transfers and withdrawals. Access your accounts 24 hours per day with secure online and mobile banking. Set up automatic transfer of a regular fixed sum into your savings account. Start a positive savings habit with our easy access account. Find out more. Domiciled in Bermuda, these funds are feeder funds of the Global Liquidity Funds. US dollar Euro Sterling Sterling ESG Canadian dollar US Treasury. Funds managed to local requirements and only available to local domiciled entities . Euro (France) Prime ESG Government. US Dollar (USA) US Government US Treasury. Funds managed to local …Download HSBC Bermuda and enjoy it on your iPhone, iPad and iPod touch. The HSBC Bermuda app has been specially built for our customers*, with reliability at the heart of its design. Enjoy security and convenience with these great features: • View your account balances • Make Transfers between your accounts • Make Transfers to local third-party … The base rate for Bermuda dollar residential mortgages and consumer loans will increase by 0.50% to 4.00%. The Bank’s Commercial Bermuda dollar base rate will increase by 0.50% to 4.75%, representing the first commercial rate increase since 2011 and it comes two years after a 0.50% reduction in 2020. The Bank will be sending letters of ... Eligibility criteria · maintain at least $20,000 (or foreign currency equivalent) in personal savings or investments with HSBC Bermuda; or · maintain a mortgage ...HSBC Bank Bermuda Limited, 37 Front Street, Hamilton HM 11, Bermuda. Management team. Find details of our management team in Bermuda, including Chief Executive Officer Steve Banner, the Executive Management Committee and the Board of Directors. Corporate governance. Details of the principles that govern the structure and conduct of the Board …Important notices Collapse. Starting 1st April 2024, Bermuda customers requiring HSBCnet support should send their email enquiries [email protected]. As a result of the sale of HSBC Canada, existing HSBCnet mailboxes for Bermuda enquiries (i.e. [email protected] and [email protected]) will be …The Bermuda Government has signed up to CRS and therefore all financial institutions in Bermuda must comply with CRS. Under the CRS, tax authorities require financial institutions such as HSBC to collect and report certain information relating to their customers’ tax statuses.To apply for a HSBC Premier Mastercard® Bermudacard, you must hold a HSBC Premier account. This account is available to customers who meet at least one of the following criteria: maintain at least $200,000 (or foreign currency equivalent) in personal savings or investments with HSBC Bermuda. maintain a mortgage with an originating value of ...HBCYF: Get the latest HSBC Holdings stock price and detailed information including HBCYF news, historical charts and realtime prices. Indices Commodities Currencies StocksHSBC Bermuda, Hamilton, Bermuda. 3,075,125 likes · 6 talking about this · 1,852 were here. The Home of HSBC in Bermuda. For genuine customer service queries, kindly use HSBC's other designated... The Home of HSBC in Bermuda. St. George’s. St. George's Branch. 4 King's Square, St. George’s, GE05, Bermuda. Disclosure. Issued by HSBC Bank Bermuda Limited, of 37 Front Street, Hamilton Bermuda, which is licensed to conduct Banking and Investment Business by the Bermuda Monetary Authority. Listening to what you have to say about our services matters to us. HSBC Bermuda has announced today that, effective Monday 29th March, the HSBC Harbourview, St. Georges and Somerset branches will be open Monday to Friday from 9am to 2pm. Due to the recent rise in the number of individuals testing positive for COVID-19 on the island, the bank has taken the decision to reduce branch hours and provide face to ...The Peninsula. Doha, Qatar: HSBC Qatar was voted market leader for trade services in the country for the seventh consecutive year in the 2024 Euromoney Trade …HSBC Bank Bermuda (HBBM) has strong regulatory capital ratios and a high S&P Global Ratings risk-adjusted capital (RAC) ratio. The bank's regulatory Common Equity Tier 1 (CET1) ratio and RAC ratio were 24.8% (24.7% in 2020) and 21.0% (20.9% in 2020), respectively, well above the ratio of most banks we rate globally.Help and Support. Contact Us. General enquiries. Telephone: +1 441 295 4000. E-mail: [email protected]. Mailing address: HSBC Bank Bermuda Limited. 37 Front …The Board of HSBC Bank Bermuda Ltd adopted Corporate Governance Principles that govern the structure and conduct of the Board and its committees.Specialised global team responsible for communicating with and servicing the investment consultant's community. Institutional Investor home page for HSBC Asset Management Bermuda. Our purpose is to connect clients to investment opportunities around the world.Click to loginHSBC Bank Bermuda Limited, 37 Front Street, Hamilton HM 11, Bermuda. Management team. Find details of our management team in Bermuda, including Chief Executive Officer Steve Banner, the Executive Management Committee and the Board of Directors. Corporate governance. Details of the principles that govern the structure and conduct of the Board … A SWIFT/BIC is an 8-11 character code that identifies your country, city, bank, and branch. Bank code A-Z 4 letters representing the bank. It usually looks like a shortened version of that bank's name. Country code A-Z 2 letters representing the country the bank is in. Location code 0-9 A-Z 2 characters made up of letters or numbers. ... HSBC Bermuda [HSBC] as lead sponsor of the 2023 Cup Match event.” Mr ... HSBC To Close Early Due To Hurricane Fiona. The HSBC Bank Bermuda Limited will close ...The Bermuda Government has signed up to CRS and therefore all financial institutions in Bermuda must comply with CRS. Under the CRS, tax authorities require financial institutions such as HSBC to collect and report certain information relating to their customers’ tax statuses.HSBC Bank Bermuda Limited Financial Statements 2021 3. Consolidated financial statements Page Consolidated income statement 4 Consolidated statement of comprehensive income 4 Consolidated balance sheet 5 Consolidated statement of cash flows 6 Consolidated statement of changes in equity 7 Consolidated income statement for …If you’re interested in discussing our Investment Savings Plan in more detail, our dedicated wealth experts are on hand to guide you through the process. Call us on +1 441 299 5959 to arrange your initial consultation, or fill in our simple online form to request a call back. Premier customers should reach out to their Relationship Manager in ...Specialised global team responsible for communicating with and servicing the investment consultant's community. Institutional Investor home page for HSBC Asset Management Bermuda. Our purpose is to connect clients to investment opportunities around the world. 31 Dec 2020 HSBC Bermuda’s hours of operation during the week of January 4th, 2021 English PDF 208.42 KB. 16 Dec 2020 Changes to HSBC Bermuda’s hours of operation over the holiday period English PDF 279.05 KB. 8 Dec 2020 HSBC’s Church Street branch to close on Monday English PDF 200.52 KB If you’re interested in discussing our Investment Savings Plan in more detail, our dedicated wealth experts are on hand to guide you through the process. Call us on +1 441 299 5959 to arrange your initial consultation, or fill in our simple online form to request a call back. Premier customers should reach out to their Relationship Manager in ...Step 1: Get a pre-approval. A pre-approval is the first step to apply for a mortgage with HSBC: We aim to provide a pre-approval on most mortgage applications on the same working day. To request a mortgage pre-approval, please book an appointment with one of our specialists. You can also call us directly on +1 441 299 5959, email bermuda ...HSBC Bank Bermuda Ltd. Primary Credit Analyst: Lidia Parfeniuk, Toronto + 1 (416) 507 2517; [email protected] Secondary Contact: Shameer M Bandeally, Toronto + 1 (416) 507 3230; [email protected] Table Of Contents Credit Highlights Outlook Anchor: 'bbb-' For A Bank Operating In Bermuda Business Position: Significant …Bermuda shorts have become a popular fashion trend, offering both style and functionality. These versatile shorts are perfect for warm weather and can be worn for various occasions...The HSBC Bermuda app has been specially built for our customers*, with reliability at the heart of its design. Enjoy security and convenience with these great features: • View your account balances. • Make Transfers between your accounts. • Make Transfers to local third-party accounts you have set-up. • Pay Bills.Company Description: Bermuda is not just a tropical playground, vertex of a notorious triangle, and offshore tax haven. It's also home to HSBC Bank Bermuda (formerly Bank of Bermuda), which provides banking, trust, and asset management services to individuals, corporations, and institutional investors worldwide. The company also serves as a ...HSBC Bank Bermuda Limited approach to financial crime risk. Issued by HSBC Bank Bermuda Limited, of 37 Front Street, Hamilton Bermuda, which is licensed to conduct Banking and Investment Business by the Bermuda Monetary Authority. Whether you want a bank loan to buy an EV, improve your home or consolidate your existing debts, compare our loans to find the one that’s perfect for your plans. HBBM is subject to a capital surcharge in the range of 0.5% to 3%, based on its systemic importance to Bermuda's economy and banking sector. As of Dec. 31, 2019, HBBM's Common Equity Tier 1 (CET 1) and total capital ratios were 23.8% and 23.9%, respectively. We believe that the bank's CET 1 ratio could rise in 2020 from 2019 should RWA reduce.From the Bermuda Triangle to the disappearance of Amelia Earhart, there are many conundrums that boggle our minds and leave us scratching our heads, scavenging the internet for rab...HBCYF: Get the latest HSBC Holdings stock price and detailed information including HBCYF news, historical charts and realtime prices. Indices Commodities Currencies Stocks You can borrow up to. BMD 0.00. the maximum amount you can borrow may be lower depending on the amount of deposit you have available, your Loan To Value (LTV), or following our detailed assessment of your personal circumstances. figures given by this calculator or the provision of a Pre-Approval Letter do not constitute an offer to lend to you. Issued by HSBC Bank Bermuda Limited, of 37 Front Street, Hamilton Bermuda, which is licensed to conduct Banking and Investment Business by the Bermuda Monetary Authority. The Site is primarily intended for those who access it from within Bermuda. Because of this, we cannot guarantee that the Site or the information thereon complies with law or …Jun 17, 2022 ... HSBC #Bermuda #Can't #Install #cannotinstall #can'tdownload How To Fix Can't Install HSBC Bermuda App Error In Google Play Store in Android ...Bermuda is a territory of 138 islands in the North Atlantic Ocean. This cluster of islands is located off the East Coast of the United States. Bermuda also lies 650 miles east of W...Disclaimer. 1 Please note payment routing instructions should always be used for all incoming payments and credits to your HSBC Bermuda accounts. It is ...HSBCnetThe choice of code is dependent on the payment system used by the remitting bank. Beneficiary Bank. HSBC Bank Bermuda Limited,. Hamilton. Swift Code: BBDA BMHM.Bermuda. Insights; Products & Solutions; Help Centre; Contact us; Log on. Meet the Team. Wholesale Banking. Louise Twiss West (Head of Wholesale Banking) [email protected] . Phone: + 441 299-5108. Business Banking. Captives and Insurance. Tony Riker (Head of Captives and Insurance) [email protected]. Phone: + 441-299 … Apply online. 1 Daily ATM withdrawal limit is $2,000 for standard bank accounts, $2,500 for Advance customers and $3,000 for Premier customers. If you need to withdraw more than your daily maximum, you can do so by visiting your local branch. Withdrawal limits and charges may vary when withdrawing money at ATMs outside Bermuda. Specialised global team responsible for communicating with and servicing the investment consultant's community. Institutional Investor home page for HSBC Asset Management Bermuda. Our purpose is to connect clients to investment opportunities around the world. St. George’s. St. George's Branch. 4 King's Square, St. George’s, GE05, Bermuda. Disclosure. Issued by HSBC Bank Bermuda Limited, of 37 Front Street, Hamilton Bermuda, which is licensed to conduct Banking and Investment Business by the Bermuda Monetary Authority. Listening to what you have to say about our services matters to us. Specialised global team responsible for communicating with and servicing the investment consultant's community. Institutional Investor home page for HSBC Asset Management Bermuda. Our purpose is to connect clients to investment opportunities around the world.Issued by HSBC Bank Bermuda Limited, of 37 Front Street, Hamilton Bermuda, which is licensed to conduct Banking and Investment Business by the Bermuda Monetary Authority. The Site is primarily intended for those who access it from within Bermuda. Because of this, we cannot guarantee that the Site or the information thereon complies with law or … View our savings accounts. Listening to what you have to say about our services matters to us. Use the HSBC branch finder to find your nearest branch. Simply enter your postcode or location into our branch locator tool to find your closest HSBC branch and their full contact details. Nov 1, 2022 ... Starting 1st April 2024, Bermuda customers requiring HSBCnet support should send their email enquiries [email protected]. As a ...If you are a banking customer of HSBC and have lost your account number, you can track down that number several ways. To protect your privacy and account information, HSBC utilizes...HSBC Bank Bermuda (HBBM) has strong regulatory capital ratios and a high S&P Global Ratings risk-adjusted capital (RAC) ratio. The bank's regulatory Common Equity Tier 1 (CET1) ratio and RAC ratio were 24.8% (24.7% in 2020) and 21.0% (20.9% in 2020), respectively, well above the ratio of most banks we rate globally.Feb 27, 2023 ... The accompanying notes are an integral part of the Consolidated Financial Statements. Consolidated financial statements. 4. HSBC Bank Bermuda ...Bermuda shorts have become a popular fashion trend, offering both style and functionality. These versatile shorts are perfect for warm weather and can be worn for various occasions...Help and Support. Contact Us. General enquiries. Telephone: +1 441 295 4000. E-mail: [email protected]. Mailing address: HSBC Bank Bermuda Limited. 37 Front … From 6%. Unsecured. 5 years. Principal and interest. From 7%. Choose from our variable interest rates. You can opt for interest-only payments for up to 2 years. A secured loan requires property or cash as a guarantee. You might also be able to use fixed deposits or proceeds from savings accounts you hold with us. To make an international transaction online, simply log on to your online banking account and follow these steps: 1. Select the account from which you want to make the payment and select 'Move Money'. 2. Enter payment details. 3. Follow the on-screen instructions. 4. Review and confirm your payment.While HSBC is pleased to offer this Beyond Banking article as an educational service to our customers, HSBC does not guarantee, warrant or recommend the opinion or advice or the product and/or services offered or mentioned in this article. Any opinions, judgments, advice, statements, services, offers or other information presented within a Beyond Banking …Principal and interest. 7.25%. Personal. Up to 5 years. Principal and interest. 7.5%. A secured loan requires cash or property as a guarantee. By providing collateral, you may be able to access lower interest rates. Your account type.Eligibility criteria. To qualify for HSBC Advance in Bermuda, you are required to: maintain at least $20,000 (or foreign currency equivalent) in personal savings or investments with HSBC Bermuda; or. maintain a mortgage in good standing with HSBC Bermuda.The bank's earnings have been robust in recent years and its capital ratios remain very strong (risk-adjusted capital ratio [RAC] of 18% as of year-end 2017, and regulatory common equity tier 1 ratios of 23.3% at June 30, 2018--exceeding the regulatory requirement by 15.3%--and 21.7% at Dec. 31, 2017). We believe that capital payouts to the ...Download HSBC Bermuda and enjoy it on your iPhone, iPad and iPod touch. The HSBC Bermuda app has been specially built for our customers*, with reliability at the heart of its design. Enjoy security and convenience with these great features: • View your account balances • Make Transfers between your accounts • Make Transfers to local third-party …Standing Instructions. Set-up fee. $5.00/item. Internal payments (transfers between HSBC Bermuda accounts) No charge. Outgoing domestic wires (BMD only) $2.50/item. Outgoing wires, demand drafts or cashiers orders. $5.00/item plus transactional fee.HSBC Bermuda is a leading provider of financial services in Bermuda, serving individuals, institutions and corporations locally and globally. Head office HSBC Bank Bermuda …Premium international banking for you and your family. The HSBC Premier bank account is designed to give you and your family a range of banking services, wealth management and international solutions with the Premier difference. From exclusive privileges, global benefits and access to a Relationship Manager - Premier is here to let you live ...Sep 11, 2023 ... Leading Bermudian bank with significant market share and access to HSBC's global network. High level of nonperforming assets (NPAs) relative to ...What is the routing for hsbc Bermuda? There's no routing code for HSBC Bermuda. They only have account # and Swift Code. To get it, please call their customer service @ 299-5959.There are three types of HSBC self-certification form: Individuals, Entities and Controlling Persons. For some types of Entity, as well as collecting the Entity self-certification, we may also need to collect a self-certification from the Controlling Persons. This is explained on the Entities and Controlling Persons self-certification forms.The HSBC Bermuda app has been specially built for our customers*, with reliability at the heart of its design. Enjoy security and convenience with these great features: • View your account balances. • Make Transfers between your accounts. • Make Transfers to local third-party accounts you have set-up. • Pay Bills.... HSBC Bermuda [HSBC] as lead sponsor of the 2023 Cup Match event.” Mr ... HSBC To Close Early Due To Hurricane Fiona. The HSBC Bank Bermuda Limited will close ...To apply for a HSBC Premier Mastercard® Bermudacard, you must hold a HSBC Premier account. This account is available to customers who meet at least one of the following criteria: maintain at least $200,000 (or foreign currency equivalent) in personal savings or investments with HSBC Bermuda. maintain a mortgage with an originating value of ...HSBC on Friday said it now expects the Bank of England (BoE) to cut interest rates by 25 basis points in June, versus its earlier expectation of cuts beginning in August.The base rate for Bermuda dollar residential mortgages and consumer loans will increase by 0.50% to 4.00%. The Bank’s Commercial Bermuda dollar base rate will increase by 0.50% to 4.75%, representing the first commercial rate increase since 2011 and it comes two years after a 0.50% reduction in 2020. The Bank will be sending letters of ...With its emerald green coves, giant Banyan tree forests, otherworldly shipwrecks, and the world’s northernmost coral reef system, @Bermuda is where you wander into something amazin...
Digital Business Banking Solutions | HSBC Bermuda. Important notices Collapse. Starting 1st April 2024, Bermuda customers requiring HSBCnet support should send their email …. Converge payments
Convenient way to pay your bills. It's easier to pay your bills on the go at anytime. Tap into the HSBC Bermuda Mobile Banking app, select the bill you want to pay, chose the account from where you want to pay the bill, and it's done. From the Bermuda Triangle to the disappearance of Amelia Earhart, there are many conundrums that boggle our minds and leave us scratching our heads, scavenging the internet for rab...In order to protect you and our systems, we are making changes to all HSBC websites that means some of the oldest web browser versions will no longer be able to access these sites. Generally, the latest versions of a browser (like Edge, Chrome, Safari, etc.) and an operating system family (like Microsoft Windows, MacOS) have the most up-to-date …Healthy money management techniques are a key to financial stability and longterm wealth management. HSBC sub-accounts are a unique way for individuals to manage their money as th...Issued by HSBC Bank Bermuda Limited, of 37 Front Street, Hamilton Bermuda, which is licensed to conduct Banking and Investment Business by the Bermuda Monetary Authority. Back to top Connect with us Listening to what you …The BMA supervises HSBC Bermuda both on an unconsolidated and consolidated basis, and therefore receives information on the capital adequacy of, and sets individual capital guidance for, both the solo bank and the Group as a whole. At consolidated Group level, capital for prudential regulatory reporting purposes is calculated throughout 2023 using …Banks.info offers up-to-date information about HSBC Bank branch and ATM locations in Bermuda with working hours, phone numbers and reviews. Search. in. Search. HSBC Bank; Bermuda; HSBC Bank in Bermuda. 4 HSBC Bank ATM and Branch Locations. Showing 1 - 4 of 4 locations. 1. Compass Point Express Banking Centre. 9 Bermudiana …Issued by HSBC Bank Bermuda Limited, of 37 Front Street, Hamilton Bermuda, which is licensed to conduct Banking and Investment Business by the Bermuda Monetary Authority. The Site is primarily intended for those who access it from within Bermuda. Because of this, we cannot guarantee that the Site or the information thereon complies with law or …Why HSBC Asset Management? Sources: Morningstar, PRI and HSBC Asset Management. For illustrative purposes only. The score figures displayed in the document relate to the past and past scores should not be seen as an indication of future scores. 1. PRI signatories are required to report publicly on their responsible investment activities each ...Earn 1.5 reward points for every $1 spent and access a range of global benefits. Premier BermudaCard Mastercard Credit Card. A BMD denominated card that earns you 1.5 reward points for every $1 you spend. Advance Mastercard Credit Card. Earn 1.35 reward points for every $1 you spend with our HSBC Advance exclusive card. Visa Gold Credit Card.The Board of HSBC Bank Bermuda Ltd adopted Corporate Governance Principles that govern the structure and conduct of the Board and its committees.The Bermuda Government has signed up to CRS and therefore all financial institutions in Bermuda must comply with CRS. Under the CRS, tax authorities require financial institutions such as HSBC to collect and report certain information relating to their customers’ tax statuses. 31 Dec 2020 HSBC Bermuda’s hours of operation during the week of January 4th, 2021 English PDF 208.42 KB. 16 Dec 2020 Changes to HSBC Bermuda’s hours of operation over the holiday period English PDF 279.05 KB. 8 Dec 2020 HSBC’s Church Street branch to close on Monday English PDF 200.52 KB There is no connection between the Bermuda Triangle and Amelia Earhart. The Bermuda Triangle is an area of the Atlantic Ocean where airplanes have mysteriously disappeared. Amelia ...HSBC Bank USA. 452 Fifth Avenue. New York, New York 10018. U.S.A.. Swift Code: MRMD US33. Fedwire ABA Code: 021001088. Beneficiary Bank: HSBC Bank Bermuda ...investment business by the Bermuda Monetary Authority, • in Canada by HSBC Global Asset Management (Canada) Limited which provides its services as a dealer in all provinces of Canada except Prince Edward Island and also provides services in Northwest Territories. HSBC Global Asset Management (Canada) Limited provides its services as anContact Stavros directly. Join to view full profile. View Stavros Katsaitis FIA, FHAS, FASHK’s profile on LinkedIn, the world’s largest professional community. Stavros has 5 jobs listed on their profile. See the complete profile on LinkedIn and discover Stavros’ connections and jobs at similar companies.Issued by HSBC Bank Bermuda Limited, of 37 Front Street, Hamilton Bermuda, which is licensed to conduct Banking and Investment Business by the Bermuda Monetary Authority. The Site is primarily intended for those who access it from within Bermuda. Because of this, we cannot guarantee that the Site or the information thereon complies with law or …Under the CRS, a Passive NFE means any NFE that is not an Active NFE. A NFE will be deemed a Passive NFE if more than 50% of the NFE’s gross income for the preceding calendar year or appropriate reporting period is passive income or the assets held by the NFE during the same period are assets that produce or are held for the production of ….