UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
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Investment Company Act file number |
811-04171 |
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CREDIT SUISSE CASH RESERVE FUND, INC. |
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(Exact name of registrant as specified in charter) |
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c/o Credit Suisse Asset Management, LLC Eleven Madison Avenue New York, New York |
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10010 |
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(Address of principal executive offices) |
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(Zip code) |
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J. Kevin Gao, Esq. Eleven Madison Avenue New York, New York 10010 |
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(Name and address of agent for service) |
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Registrant's telephone number, including area code: |
(212) 325-2000 |
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Date of fiscal year end: |
December 31st |
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Date of reporting period: |
July 1, 2007 to September 30, 2007 |
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Credit Suisse Cash Reserve Fund
Schedule of Investments
September 30, 2007 (unaudited)
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Par |
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Ratings† |
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Maturity |
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Rate% |
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Value |
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COMMERCIAL PAPER (5.4%) |
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ASSET BACKED (5.4%) |
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$ |
6,700 |
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Fenway Funding LLC |
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(A-1, P-1) |
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11/07/07 |
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5.461 |
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$ |
6,662,953 |
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19,281 |
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RAMS Funding Two LLC## |
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(A-1+, P-1) |
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02/11/08 |
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5.755 |
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19,281,138 |
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TOTAL COMMERCIAL PAPER (Cost $25,944,091) |
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25,944,091 |
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CERTIFICATES OF DEPOSIT (2.1%) |
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Banking (2.1%) |
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10,000 |
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Barclays Bank PLC (Cost $10,000,000) |
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(A-1+, P-1) |
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01/29/08 |
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5.375 |
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10,000,000 |
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VARIABLE RATE CORPORATE OBLIGATIONS (40.8%) |
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Finance (14.1%) |
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19,000 |
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BNP Paribas, Rule 144A, Notes##‡ |
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(AA, Aa1) |
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08/19/08 |
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5.500 |
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19,000,178 |
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5,000 |
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Counts Series 2007-1, Rule 144A, Secured Notes‡## |
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(AAA, Aaa) |
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02/06/08 |
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5.376 |
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5,000,000 |
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20,000 |
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HSBC Finance Corp., Notes## |
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(AA-, Aa3) |
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09/06/08 |
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5.808 |
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20,005,276 |
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8,500 |
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Merrill Lynch & Company, Inc., Series MTNC, Notes## |
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(AA-, Aa3) |
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10/19/07 |
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5.485 |
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8,500,597 |
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15,000 |
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Royal Bank of Canada, Rule 144A, Notes‡## |
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(AA-, Aaa) |
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09/05/08 |
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5.768 |
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15,000,000 |
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67,506,051 |
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Insurance (14.1%) |
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15,000 |
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Allstate Life Global Funding II, Series MTN, Notes## |
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(AA, Aa2) |
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10/03/08 |
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5.690 |
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15,000,000 |
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9,700 |
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Hartford Life Global Funding, Series MTN, Notes## |
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(AA-, Aa3) |
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10/14/08 |
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5.773 |
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9,699,804 |
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22,800 |
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Metropolitan Life Global Funding I, Rule 144A, Notes‡## |
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(AA, Aa2) |
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04/28/08 |
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5.239 |
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22,815,153 |
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10,000 |
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Monumental Global Funding II, Rule 144A, Bonds##‡ |
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(AA, Aa3) |
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12/20/07 |
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5.568 |
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10,000,000 |
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10,000 |
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Pacific Life Global Funding, Rule 144A, Notes##‡ |
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(AA, Aa3) |
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08/08/08 |
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5.340 |
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10,000,000 |
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67,514,957 |
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Mortgage Backed Securities (12.6%) |
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15,000 |
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Brunel Residential Mortgage Securities, Series 2007-1A, Class A3## |
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(AAA, Aaa) |
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01/13/08 |
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5.793 |
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15,000,000 |
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15,000 |
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Holmes Master Issuer PLC, Series 2006-1A, Class 1A## |
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(AAA, Aaa) |
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06/15/08 |
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5.733 |
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15,000,000 |
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10,000 |
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Paragon Mortgages PLC, Series 15A, Class A1## |
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(AAA, Aaa) |
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06/15/08 |
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5.753 |
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10,000,000 |
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20,000 |
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Pendeford Master Issuer PLC, Series 2007-1A, Class 1A## |
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(A-1+, P-1) |
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02/12/08 |
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5.796 |
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20,000,000 |
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60,000,000 |
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TOTAL VARIABLE RATE CORPORATE OBLIGATIONS (Cost $195,021,008) |
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195,021,008 |
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REPURCHASE AGREEMENT (51.4%) |
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245,942 |
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Goldman Sachs Tri Party Repo (Agreement dated 9/28/07 to be repurchased at $246,042,426, collateralized by $252,923,000 US Treasury Bond, 4.75% due 02/15/37. Market Value of collateral is $250,861,512) (Cost $245,942,000) |
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(AAA, Aaa) |
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10/01/07 |
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4.900 |
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245,942,000 |
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TOTAL INVESTMENTS AT VALUE (99.7%) (Cost $476,907,099) |
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476,907,099 |
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OTHER ASSETS IN EXCESS OF LIABILITIES (0.3%) |
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1,212,611 |
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NET ASSETS (100.0%) |
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$ |
478,119,710 |
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Average Weighted Maturity - 16 days
INVESTMENT ABBREVIATIONS
MTN = Medium Term Note
MTNC = Medium Term Note, Series C
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Credit ratings given by the Standard & Poor’s Division of The McGraw-Hill Companies, Inc. (“S&P”) and Moody’s Investors Service, Inc. (“Moody’s”) are unaudited. |
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‡ |
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Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At September 30, 2007, these securities amounted to a value of $81,815,331 or 17.1% of net assets. |
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The interest rate is as of September 30, 2007 and the maturity date is the later of the next interest readjustment date or the maturity date. |
Security Valuation — The net asset value of the Fund is determined at 12:00 noon eastern time and at the close of regular trading on the New York Stock Exchange, Inc. (usually 4:00 p.m. eastern time) each day the Fund is open for business. The Fund’s investments are valued under the amortized cost method, which has been determined by the Fund’s Board of Directors to represent the fair value of the Fund’s investments. Amortized cost involves valuing a Fund’s holding initially at its cost and then assuming a constant amortization to maturity of any discount or premium. The amortized cost method ignores any impact of fluctuating interest rates. The Board of Directors has established procedures intended to stabilize the Fund’s net asset value for purposes of sales and redemption at $1.00 per share. These procedures include review by the Board of Directors, at such intervals as it deems appropriate, to determine the extent, if any, to which the Fund’s net asset value per share calculated by using available market quotations deviates from $1.00 per share. In the event such deviation exceeds 1/2 of 1%, the Board of Directors will promptly consider what action, if any, should be initiated.
Other information regarding the Fund is available in the Fund’s most recent Report to Shareholders. This information is also available on the Fund’s website at www.credit-suisse.com/us as well as on the website of the Securities and Exchange Commission at www.sec.gov.
Item 2: Controls and Procedures
(a) As of a date within 90 days from the filing date of this report, the principal executive officer and principal financial officer concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “Act”)), were effective based on their evaluation of the disclosure controls and procedures required by Rule 30a-3(b) under the Act and Rules 13a-15(b) or 15d-15(b) under the Securities and Exchange Act of 1934.
(b) There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.
1. The certifications of the registrant as required by Rule 30a-2(a) under the Act are exhibits to this report.
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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/s/Keith M. Schappert |
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Name: Keith M. Schappert |
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Title: Chief Executive Officer |
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Date: November 26, 2007 |
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Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
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/s/Keith M. Schappert |
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Name: Keith M. Schappert |
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Title: Chief Executive Officer |
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Date: November 26, 2007 |
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/s/Michael A. Pignataro |
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Name: Michael A. Pignataro |
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Title: Chief Financial Officer |
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Date: November 26, 2007 |
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