Get Form 31-103f1 Calculation Of Excess Working Capital Firm Name ... - Bcsc Bc

This guide provides a clear and supportive overview of how to accurately complete the Form 31-103F1 Calculation of Excess Working Capital. Following this step-by-step instruction will help ensure that users understand each component of the form and can accurately reflect their financial standing.

Follow the steps to successfully fill out the form

1. Click 'Get Form' button to obtain the document and access it in an appropriate editor.
2. Fill in the 'Firm Name' section at the top of the form with the legal name of your firm.
3. For 'Capital Calculation', enter the date for the current assets in the provided blank and also include comparative figures from the previous period.
4. In '1. Current assets', list all current assets that are readily convertible into cash.
5. In '2. Less current assets not readily convertible into cash', subtract any prepaid expenses or assets that cannot be easily turned into cash.
6. Calculate '3. Adjusted current assets' by subtracting line 2 from line 1.
7. In '4. Current liabilities', input all current liabilities owed by your firm.
8. For '5. Add 100% of long-term related party debt', include this amount only if there is no subordination agreement in place.
9. Calculate '6. Adjusted current liabilities' by adding line 4 and line 5.
10. Determine '7. Adjusted working capital' by subtracting line 6 from line 3.
11. In '8. Less minimum capital', ensure the amount is at least $25,000 for adviser firms, $50,000 for dealers, or $100,000 for investment fund managers.
12. For '9. Less market risk', calculate according to the instructions provided in Schedule 1 of the form.
13. In lines '10. Less any deductible under the firm’s bonding or insurance policy', '11. Less Guarantees', and '12. Less unresolved differences', enter the appropriate amounts based on your firm’s specific financial situation.
14. Finally, '13. Excess working capital' will be calculated by subtracting lines 8, 9, 10, 11, and 12 from line 7.
15. Complete the 'Management Certification' section by signing and dating the form, ensuring all required names and titles are provided.
16. Once you have completed the form, review all information for accuracy. You can then save changes, download, print, or share the form as needed.

Complete your Form 31-103F1 Calculation of Excess Working Capital online today!