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Thursday, February 03, 2011 9:26:44 PM
Trust deposits do not have to have a long term shelf life. They can be be for as short a period as 30 days or longer at which time those deposits will convert to cash of hand. The primary focus is that the money belongs to Medinah and that additional deposits have been made to Medinah accounts and will be annotated on the March 2011 unaudited financial statement.
I can only assume you are in fact an SC as opposed to CWAS. That would explain the problem you are having understanding US banking laws as well as reading a very simple financial statement.
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