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SIRI » Topics » Auction Rate Certificates

This excerpt taken from the SIRI 10-Q filed May 11, 2009.

Auction Rate Certificates

Auction rate certificates are long-term securities structured to reset their coupon rates by means of an auction. We account for our investment in auction rate certificates as available-for-sale securities. As of March 31, 2009 and December 31, 2008, the carrying value of these securities was $8,601 and $7,985, respectively.

This excerpt taken from the SIRI 10-K filed Mar 10, 2009.

Auction Rate Certificates

Auction rate certificates are long-term securities structured to reset their coupon rates by means of an auction. We account for our investment in auction rate certificates as available-for-sale securities. As of December 31, 2008, the carrying value of these securities was $7,985.

This excerpt taken from the SIRI 10-Q filed Nov 12, 2008.

Auction Rate Certificates

In connection with the Merger, we acquired an investment in auction rate certificates issued by student loan trusts. Auction rate certificates are long-term securities structured to reset their coupon by means of an auction. We account for our investment in auction rate certificates as available-for-sale securities. As of September 30, 2008, the carrying value of these securities was $8,717.

EXCERPTS ON THIS PAGE:

10-Q
May 11, 2009
10-K
Mar 10, 2009
10-Q
Nov 12, 2008

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