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Code of Federal Regulations Title 17. Commodity and Securities Exchanges § 17.210.12–26 Certificate reserves

Current as of January 02, 2025 | Updated by Findlaw Staff

Column B–Balance at
beginning of period

Column C–Additions

Column D–Deductions

Column E–Balance at
close of period

Column
A–De
scrip
tion1

(1)–Num
ber of
accounts
with
security
bidders

(2)–
Amount
of
maturity
value

(3)–
Amount
of
reserved 2

(1)–
Charged
to
profit
and
loss
or
income

(2)–Re
serve pay
ments by
certificate
holders

(3)–
Charged
to
other
accounts
describe

(1)–
Maturi
ties

(2)–
Cash
surrenders
prior
to
maturity

(3)–
Other–
describe

(1)–Num
ber of
accounts
with
security
holders

(2)–
Amount
of
maturity
value

(3)–
Amount
of re
serves 2

1 (a) Each series of certificates shall be stated separately. The description shall include the yield to maturity on an annual payment basis.

(b) For certificates of the installment type, information required by columns B, D (2) and (3) and E shall be given by age groupings, according to the number of months paid by security holders, grouped to show those upon which 1-12 monthly payments have been made, 13-24 payments, etc.

2 (a) If the total of the reserves shown in these columns differs from the total of the reserves per the accounts, there should be stated (i) the aggregate difference and (ii) the difference on a $1,000 face-amount certificate basis.

(b) There shall be shown by footnote or by supplemental schedule (i) the amounts periodically credited to each class of security holders' accounts from installment payments and (ii) such other amounts periodically credited to accumulate the maturity amount of the certificate. Such information shall be stated on a $1,000 face-amount certificate basis for the term of the certificate.
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Cite this article: FindLaw.com - Code of Federal Regulations Title 17. Commodity and Securities Exchanges § 17.210.12–26 Certificate reserves - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-17-commodity-and-securities-exchanges/cfr-sect-17-210-12-26/

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