08-21-2009, 03:44 AM
Dear Nabeel,
Since the tenure is less than a year, the actual amount of deposit (received and invested in GOVT risk free securities) will be treated as amortized cost.
No adjustment will be needed since no costs have been incurred to result in a different yield.
Regards,
Since the tenure is less than a year, the actual amount of deposit (received and invested in GOVT risk free securities) will be treated as amortized cost.
No adjustment will be needed since no costs have been incurred to result in a different yield.
Regards,
