Certificate reserves.

  1. Law
  2. CFR 17
  3. Commodity and Securities Exchanges
  4. Securities and Exchange Commission
  5. Form and Content of and Requirements for Financial Statements, Securities Act of 1933, Securities Exchange Act of 1934, Investment Company Act of 1940, Investment Advisers Act of 1940, and Energy Policy and Conservation Act of 1975
  6. For Face-Amount Certificate Investment Companies
  7. Certificate reserves.

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§ 210.12-26 Certificate reserves.

Column A - Description1 Column B - Balance at beginning of period Column C - Additions Column D - Deductions Column E - Balance at close of period
(1) - Number of accounts with security bidders (2) - Amount of maturity value (3) - Amount of reserved2 (1) - Charged to profit and loss or income (2) - Reserve payments by certificate holders (3) - Charged to other accounts describe (1) - Maturities (2) - Cash surenders prior to maturity (3) - Other - describe (1) - Number of accounts with security holders (2) - Amount of maturity value (3) - Amount of reserves2

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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