The Panel defines direct losses for this purpose as losses that have been found to be direct losses by the Commission ( and in respect of which the Commission has made awards of compensation ) . [ lxxvi ] , [ lxxvii ] The Panel requested Iraq and Kuwait to address the issue at the oral proceedings by answering the following question : “ The funds raised by the liquidations from the Future Generations Fund ( “ FGF ” ) and through borrowings and credit facilities ( the “ Funds Raised ” ) may have been used in the following ways : a. to fund the reconstruction of damaged property or other losses , or to replace lost income , for which claims have been filed with the UNCC and for which the UNCC has awarded compensation ; or