Canadian Dollar Deposits

9 Months Ended

Jul. 31, 2016

Cash and Cash Equivalents [Abstract]

3.	Canadian Dollar Deposits

Canadian Dollar principal deposits are held in a Canadian Dollar-denominated, interest-bearing demand account. The interest rate in effect as of July 31, 2016 was an annual nominal rate of 0.00%. For the nine months ended July 31, 2016, there were Canadian Dollar principal deposits of 24,792,697 and Canadian Dollar principal redemptions of 34,695,640 and Canadian Dollar withdrawals (to pay expenses) of 818,522, resulting in an ending Canadian Dollar principal balance of 272,330,850. This equates to 208,834,669 USD. For the year ended October 31, 2015, there were Canadian Dollar principal deposits of 159,051,217 and Canadian Dollar principal redemptions of 159,056,760 and Canadian Dollar withdrawals (to pay expenses) of 336,437, resulting in an ending Canadian Dollar principal balance of 283,052,315. This equates to 216,342,962 USD.

Net interest, if any, associated with creation and redemption activity is held in a Canadian Dollar-denominated non-interest bearing account, and any balance is distributed in full as part of the monthly income distributions, if any.

- Definition

The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify.

+ References + Details