NDAQ » Topics » PBOT Futures Registration

This excerpt taken from the NDAQ 10-Q filed Nov 7, 2008.

PBOT Futures Registration

The fair value of PBOT futures registration was valued using the cost approach, specifically the replacement cost new approach, to determine the current cost to purchase or replace the futures registration. This valuation methodology is based on the concept that a prudent investor would pay no more for an asset than the amount necessary to replace the asset.

The following is a summary of the indicated fair value for PBOT futures registration:

 

(in millions)

   PBOT Futures
Registration

Sum of costs

   $ 0.2

Discounted tax amortization benefit

     0.1
      

Indicated fair value

   $ 0.3
      
This excerpt taken from the NDAQ 8-K filed Aug 1, 2008.

PBOT Futures Registration

The fair value of PBOT futures registration was valued using the cost approach, specifically the replacement cost new approach, to determine the current cost to purchase or replace the futures registration. This valuation methodology is based on the concept that a prudent investor would pay no more for an asset than the amount necessary to replace the asset.

The following is a summary of the indicated fair value for PBOT futures registration:

 

(in millions)

   PBOT Futures
Registration

Sum of costs

   $ 0.4

Discounted tax amortization benefit

     0.1
      

Indicated fair value

   $ 0.5
      

 

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EXCERPTS ON THIS PAGE:

10-Q
Nov 7, 2008
8-K
Aug 1, 2008
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