Ars was also first to begin
selling its long form content in digitally Distributable forms, such as PDFs and eventually eBooks(again, starting in 2001).
It was recommended that realized equity could be used for meeting all risks/ losses as they were primarily built up from retained earnings, while revaluation balances could be reckoned only as risk buffers against market risks as they represented unrealized valuation gains and
hence were not Distributable.