TITLE

Players: Heavier Retail Action Can Offset Strict View of FASB Rule

AUTHOR(S)
Walker, Susanne
PUB. DATE
March 2005
SOURCE
Bond Buyer;3/17/2005, Vol. 351 Issue 32092, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the optimism of market participants that strong retail participation in the tax-exempt auction rate market may cushion that segment of the auction-rate universe from a drop in corporate demand in the U.S. Mandate of the Financial Accounting Standards Board's Rule 95 that corporate investors must account for auction-rate securities as investments and not as cash-equivalent securities; Consideration of Treasury bills, commercial paper, money market funds and federal funds sold to be cash equivalents; Requirement for some corporate borrowers to maintain minimum levels of liquidity in loan agreements.
ACCESSION #
16458714

 

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