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Do Certificates of Deposit (CDs) need to be filed?

April 26, 2017CD certificates deposit filed

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Do Certificates of Deposit (CDs) need to be filed?

1 Answer

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10 Posted

Statement of Statutory Accounting Principles No. 26 provides that CD’s with more than one year to maturity (when issued) are bonds. When filed, the SVO will usually assign the credit quality of the issuing bank entity to the CD.