Following are the positions of the two nations on the four conditions for the release of the hostages: NON-INTERFERENCE Iran
Iran want a U.S. declaration that reads:
The Government of the United States of America hereby pledges not to intervene, from now on, directly or indirectly, militarily or politically, in the internal affairs of the Islamic Republic of Iran. The United States
The U.S. statement offered originally did not contain the phrase "from now on." THE FROZEN ASSETS- Iran
Iran breaks them down this way:
$3.9 billion deposited in U.S. banks in London and paris.
$867 million deposited with U.S. banks domestically.
$1.3 billion in securities and deposits with the Federal Reserve Bank in New York.
$800 million in trust funds of the Iran Defense Ministry deposited with the Pentagon.
$2.1 billion in funds related to oil sales consumated after the freeze took place.
$1.6 million ounces of gold in the Federal Reserve Bank.
Iran wants all these assets, roughly $9 billion, plus the gold, delivered to the Central Bank of Algeria before the hostages are released.
Other Iranian assets not held in banks but maintained by the American government or American companies within the U.S. and abroad of an undeclared amount.
Iran wants a guarantee deposited with the Central Bank of Algeria "equal to $4 billion in cash or any other valid guarantee acceptable to the . . . bank." After release of the hostages, as these other assets are returned to Iran, the guarantee would be reduced by the applicable amount. a The United States
The United States unofficially breaks them down this way:
$4 billion deposited in U.S. banks in London and Paris -- the difference in part coming from interest accrued during the freeze.
$1 billion deposited in U.S. banks domestically, again the interest providing one reason for a difference.
$1.35 billion in securities and deposits with the Federal Reserve Bank in New York.
$470 million in trust funds of the Iran Defense Ministry deposited with the Pentagon. The Pentagon acknowledges that there is another roughly $550 million worth of spare parts and weapons "in the pipeline," paid for but not delivered.
$500 million held by U.S. companies. This may or may not relate to the post-freeze oil sales.
1.6 million ounces of gold in the Federal Reserve Bank.
The United States is prepared to trun over to Iran, upon release of the hostages, the gold plus approximately $4.35 billion made up of the $1.35 billion in securities on deposit with the Federal Reserve Bank and $3 billion in overseas bank deposits. The remaining deposits would be released as agreements are reached on re-establishment of banking relationships and a procedure established to work out pending claims against Iran.
The United States acknowledges there are "several billion dollars worth" of Iranian funds and properties that are frozen in the United States. These too would be made available once a claims process is agreed to. REMOVAL OF LEGAL CLAIMS- Iran
Iran wants all legal claims filed against it in U.S. courts by American institutions and companies and attachments against its assets canceled and nullified.
At the same time Iran, in its latest response, pledges to "undertake to settle its bona fide debts to American persons or institutions," initially through "agreement between the parties and, failing such agreement, through arbitration acceptable to the respective parties."
As a guarantee, Iran will depsoit $1 billion, "or any other guarantee acceptable," with the Central Bank of Iran to be used to pay off its debts. That account will be arranged so that it "will never drop below $500 million," according to the latest Iranian proposal.
Iran and the United States both recognize a special solution is needed to correct the situation that exists with American banks who at the time of the freeze, declared Iranian bank loans in default and "set off" those loans with Iranian funds that were on deposit.
Iran wants the "set offs" nullified, but says it is prepared to pay up on missed installments and interest on outstanding loans, but "after reviewing each loan agreement." That cautionary note opens the way to questioning of loans made under the late shah. In return, Iran will authorize the Algerian government to "keep . . . $1 billion" from its unfrozen assets as a guarantee that it will pay agreed-upon sums to the U.S. institutions.
Iran wants existing suits against it filed by released hostages and those of their families to be canceled. It also wants the U.S. government to commit itself to responding to any future suit arising from the taking of the U.S. Embassy. The United States
The United States will agree to cancel and nullify all claims against Iran by American institutions and companies "when Iran agrees to submit all existing claims . . . to an international claims settlement process." That process, according to the United States, "would include binding third-party arbitration of any claim not settled by mutual agreement." The process would also be available for use in any Iranian claim against the United States.
With respect to "set-offs," the United States proposes that as Iran and each individual bank resolves its differences, bringing outstanding loans current, the government will "require such U.S. bank to cancel the underlying set-off and transfer all Iranian deposits in its possession to Iran or any other recipient designated by Iran."
The United States agrees to cancel or nullify "claims previously or hereafter made" by individual hostages or their families arising from "the occupation of the embassy and the taking of the hostages." Sources say they expect that the U.S. government would provide a separate, congressionally approved compensation program for the hostages as was done, for example, for the men captured by the North Koreans in the Pueblo incident. RETURN OF THE SHAH'S ASSETS- Iran
Iran wants the assets of the late-shah and his close relatives that are now in the United States returned. Since the Iranians do not know the amount of such assets, they have proposed the United States provide a list of such properties and assets and attach those that are known.
Iran also wants the United States to determine the assets of the shah and his family that existed in the United States as of Nov. 3, 1979, the day before the hostages were taken. In addition, Iran wants the United States to provide information on any assets that the shah and his money transferred out of the United States after the Khomeini government took power.
Iran also wants the United States to deposit a cash guarantee with the Central Bank of Algeria to make certain it follows through in assisting in the legal action necessary for getting control of the late shah's holdings. The amount set by Iran was $10 billion "or any other guarantee acceptable to the Algerian government" that is a percentage of the total amount the shah took out of Iran.
The guarantee would cover cases where the U.S. government or U.S. courts failed to follow through on transfer of identified properties of the late shah. The guarantee would last a year and be lifted if it were found after that amount of time that no properties of the shah existed in the United States. The United States
The United States has maintained that claims against the shah must be pursued through the courts. But the United States has agreed to put into force a freeze order against any person holding "any property or assets of the former shah" that would also include the properties and assets of the close relatives of the former shah. Such an orderr would prevent the transfer of such assets outside the United States.
That same order would require all persons holding such assets to report them to the U.S. Treasury Department. And that list would be turned over to Iran to help identify properties of the former shah and his family.
The U.S. attorney general will give notice in American courts that any decrees or judgments of Iran relating to the property of the shah "should be enforced in the courts of the U.S. in accordance with U.S. law."