Guaranty funds receivable or on deposit
Are Guaranty Funds on deposit a company setting aside money to cover future assessments from Guaranty funds? What would cause a Guaranty funds receivable?
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Are Guaranty Funds on deposit a company setting aside money to cover future assessments from Guaranty funds? What would cause a Guaranty funds receivable?
Comments
This is not the "Guaranty Fund" for insolvency. It's a kind of collateral that essentially is not in the possession of the filer yet. Hence the credit risk charge on it.