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CIPC |
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Among the costs to be recovered under the Monetary Control Act is the cost of float, or net CIPC, during the period (the difference between gross CIPC and deferred-availability items, which is the portion of gross CIPC that involves a financing cost), valued at the federal funds rate. 2 million representing our 40% share of a valuation allowance that CIPC recorded in June, 2005 against a portion of its deferred tax assets. Among the costs to be recovered under the Monetary Control Act is the cost of float, or net CIPC, during the period (the difference between gross CIPC and deferred-availability items, which is the portion of gross CIPC that involves a financing cost), valued at the federal funds rate. |
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