MasterCard 2009 Annual Report Download - page 81

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Maturity
(In millions)
Financial Instrument Summary Terms
Fair Market
Value at
December 31,
2008
No
Contractual
Maturity 2009 2010 2011 2012 2013
2014 and
thereafter
Municipal bonds ........ fixed interest $485 $ 16 $ 68 $112 $101 $ 89 $ 98
Short-term bond funds .... fixed/variable
interest 103 103 ————— —
Auction rate securities .... variable interest 192 — ————— 192
Total .................. $780 $103 $ 16 $ 68 $112 $101 $ 89 $290
* Note that amounts in the above table may not sum due to rounding
At December 31, 2009, we have a credit facility which provides liquidity in the event of material member
settlement failures, settlement service operations and other operational needs. This credit facility has variable
rates, which are applied to the borrowing based on terms and conditions set forth in the agreement. We had no
borrowings at December 31, 2009 or 2008. See Note 14 (Debt) to the consolidated financial statements in Part II,
Item 8 for additional information.
Equity Price Risk
The Company did not have significant equity price risk as of December 31, 2009 and 2008.
71