guaranteed investment contract gic

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222 documents for guaranteed investment contract gic

- Working Through Benefit-Responsive Investment Contract Guidelines
AICPA issued three Technical Practice Aids (TPA) to provide guidance related to the Financial Accounting Standards Board's Staff Position (FSP). TPA 6931.08 defined the investments where the FSP applies: traditional or separate account guaranteed investment contract (GIC); a bank investment contract (BIC); a synthetic GIC composed of a wrapper contract and the underlying wrapped portfolio of individuals; or a contract with similar characteristics. The required financial statement presentation is in the statement of net assets available for benefits. The change is reflected in all investments at fair value to include those for which the FSP applies, such as GIGs, BICs, and so on.
- Pennsylvania CPA Journal
- Vol. 79 Nbr. 2, July 2008
- Historic Boardwalk Hall, Llc, New Jersey Sports and Exposition Authority, Tax Matters Partner, Petitioner V. Commissioner of Internal Revenue, Respondent
...NJSEA contracted to have SMG manage the East Hall because njsea fel... Respondent argues that this was not an investment, but rather Sovereign was facilitating a sale of t... was used by NJSEA to purchase the guaranteed investment contract (Gic). The GiC is discussed fu...
- United States. Tax Court. Reports
- Vol. 136 Nbr. 1, January 2011
- GIC strategies for the '90s.
The book value guaranteed investment contract (GIC) investment option is very popular among defined contribution plan participants because they yield stable returns, allow book value withdrawals, and offer competitive yields. However, a number of plan sponsors have stopped offering traditional GIC products because of the credit risks that accompany these products. Instead, plan sponsors are turning to products that allow the diversification of credit risk while offering the benefits as traditional GICs at the same time. One such product is the synthetic GIC. There are several approaches that plan sponsors use regarding synthetic GICs. Among these are the traditional GIC/BIC product, the bond portfolio with no wraparound contract, the GIC-like synthetic with direct asset ownership, and t...
- Financial Executive
- Vol. 8 Nbr. 3, May 1992

- Self-Regulatory Organizations; Proposed Rule Changes:
... of municipal securities; research or investment advice, or communications with customers, about an...Products/Variable Contracts Examination (Series 6) may qualify as a limited re...``Enhanced securities'' and ``Guaranteed investment contract (GIC)'' have been deleted. ``I...
- FR, November 18, 2010
- Notices
- Securities and Exchange Commission
- Fitch Affirms Three Classes from Gallatin & CLAwS.
... obligations under the credit swaps are guaranteed by Bear Stearns Companies, LLC (formerly Bear Stea... notes were invested in a guaranteed investment contract (GIC) with FGIC. FGIC's obligations with ...
- Business Wire
- April 06, 2011
- Fitch Downgrades 3 and Withdraws 1 Class of Halcyon 2005-1, Ltd.
... class C notes were used to invest in a guaranteed investment contract (GIC) called Pallas Capital Co...
- Business Wire
- April 29, 2011
- Priority areas outlined: congress is addressing job creation initiatives, financial services regulatory reform, health-care reform, tax legislation, and measures to foster retirement security, all priority issues for state and local governments.
... financial advisors, swap advisors, and guaranteed investment contract (GIC) providers involved in th...
- Government Finance Review
- Vol. 26 Nbr. 2, April 2010
- Fitch Affirms Colston 1,2,3,4 and Bowbell No. 1.
... replaced themselves in their role as Guaranteed Investment Contract (GIC) Provider in all five tra...
- Business Wire
- October 10, 2011
- Gasb 53: New Standards for Derivative and Hedging Activities in the Public Sector
Over the past two decades, the use of derivative instruments by state and local governments has increased significantly. Many governments use derivative instruments as simple investments intended to generate additional revenues. With the increasing use of derivative instruments in the public sector, and recognizing the significant financial risk such instruments pose, in 1994 the Governmental Accounting Standards Board (GASB) issued Technical Bulletin 94-1, "Disclosures About Derivatives and Similar Debt and Investment Transactions" (TB 94-1). After additional deliberations, the GASB released Statement 53, Accounting and Financial Reporting for Derivative Instruments, in June 2008. GASB Statement 53 represents a major improvement in the consistent and uniform reporting practices regardi...

... district entered into a complex swaption contract with a prominent Wall Street investment bank that ... to fully benefit-responsive synthetic guaranteed investment contracts (SGIC). A guaranteed investme...
- CPA Journal, The
- Vol. 79 Nbr. 4, April 2009
- Fitch Downgrades Pallas Capital Corporation to 'AA-/F1+'; Places Pallas on Watch Negative.
...) and its $840.8 million of outstanding guaranteed investment contract (GIC) obligations to 'AA-sf/F1...
- Business Wire
- October 08, 2010