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This excerpt taken from the NDAQ 8-K filed Aug 1, 2008. 12. Government and Government Agency Securities Government securities, which are expected to be held until maturity, are stated at cost and adjusted for the amortization of premiums computed by the interest method, which approximates fair value. SCCP maintains a $3,000,000 reserve fund that is invested in government securities. At March 31, 2008 and 2007, this reserve fund was part of investments held to maturity, which totaled $3,040,410 and $3,030,533, respectively. Pursuant to SCCP rules, the reserve fund is to be used to cover all reasonably anticipated operating expenses of SCCP and must be replenished within 60 days of the use of such monies. This excerpt taken from the NDAQ 8-K filed Feb 20, 2008. 12. Government and government agency securities Government securities, which are expected to be held until maturity, are stated at cost and adjusted for the amortization of premiums computed by the interest method, which approximates fair value. SCCP maintains a $3.0 million reserve fund that is invested in government securities. At September 30, 2007 and 2006, this reserve fund was part of investments held to maturity, which totaled $3.0 million. Pursuant to SCCP rules, the reserve fund is to be used to cover all reasonably anticipated operating expenses of SCCP and must be replenished within 60 days of the use of such monies. | EXCERPTS ON THIS PAGE:
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