Page 60 - ASCOT GROUP COMPLETE DOCUMENT (2)
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FUNDING AND EXPENSES - ASCOT GROUP
Exch Rate 1.25
Capital Reserve - Ascot Life GBP USD
Excess Solvency Minimum (new basis) 3,500,000 4,375,000
150% Statutory Reserve Multiple 1,750,000 2,187,500
General Reserve 1,750,000 2,187,500
7,000,000 8,750,000
Company Funding
Ascot Life Ascot Life Capital 7,000,000 8,750,000
Ascot Services Pre-Launch Set-Up Expenses 4,224,666 5,280,832
Ascot Life Ascot Life First Year Post Licence Expenses 6,157,716 7,697,145
Ascot Group Introducer Fee 400,000 500,000
Ascot Investment Management Ascot Investment Management Capital 25,000 31,250
Ascot Investment Management Ascot Investment Management MTNA 50,000 62,500
Ascot Fiduciaries Ascot Fiduciaries 200,000 250,000
Ascot Distribution (FE) Distribution Company (FE) 3,726,894 4,658,618
Ascot International (SAC) Bermuda Funds Company 878,404 1,098,005
Ascot Distribution (Bermuda) Bermuda Funds Company Feeder Company 500,000 625,000
Ascot Financial Adviser Purchase / FELIX Development 600,000 750,000
Ascot Financial Adviser IFA Company 200,000 250,000
Totals 23,962,68 29,953,35
