CASH AND CASH EQUIVALENTS	6 Months Ended
Jun. 30, 2013
CASH AND CASH EQUIVALENTS	9. CASH AND CASH EQUIVALENTS For the purpose of reporting cash and cash equivalents, the Company considers all liquid investments purchased with an original maturity of three months or less to be cash equivalents. As at June 30, 2013, the total cash and cash equivalent and short term investment balance was $551.8 million. Of that amount, $494.0 million was held by Indian subsidiaries consisting of $77.1 million held in U.S. dollars and $416.8 million held in Indian rupees. The Company believes that the amount of cash and cash equivalents outside the U.S. will not have a material impact on liquidity. At June 30, 2013 and December 31, 2012, approximately $25.6 million and $29.2 million, respectively, were held in JPMorgan Chase Bank NA through a sweep account. At June 30, 2013, $48.7 million in term deposits with an original maturity of three months or less were held with the Bank of India and Punjab National Bank. At year end, December 31, 2012, $18.0 million in term deposits with an original maturity of three months or less were held with the Bank of India. The remaining amounts of cash and cash equivalents were held in bank and fixed deposits with various banking and financial institutions.

CASH AND CASH EQUIVALENTS

6 Months Ended

Jun. 30, 2013

9. CASH AND CASH EQUIVALENTS

For the purpose of reporting cash and cash equivalents, the Company considers all liquid investments purchased with an original maturity of three months or less to be cash equivalents.

As at June 30, 2013, the total cash and cash equivalent and short term investment balance was $551.8 million. Of that amount, $494.0 million was held by Indian subsidiaries consisting of $77.1 million held in U.S. dollars and $416.8 million held in Indian rupees. The Company believes that the amount of cash and cash equivalents outside the U.S. will not have a material impact on liquidity.

At June 30, 2013 and December 31, 2012, approximately $25.6 million and $29.2 million, respectively, were held in JPMorgan Chase Bank NA through a sweep account. At June 30, 2013, $48.7 million in term deposits with an original maturity of three months or less were held with the Bank of India and Punjab National Bank. At year end, December 31, 2012, $18.0 million in term deposits with an original maturity of three months or less were held with the Bank of India. The remaining amounts of cash and cash equivalents were held in bank and fixed deposits with various banking and financial institutions.

- 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.

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