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Statutory Issue Paper No. 2
Definition of Cash
STATUS
Finalized March 16, 1998,
Original SSAP: SSAP No. 2; Current Authoritative Guidance: SSAP No. 2R
Type of Issue:
Common Area
SUMMARY OF ISSUE
Current
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What is definition of cash?
Cash is a physical form of currency, such as coins and banknotes, that can be used to make transactions.
Who is required to file definition of cash?
Financial institutions and businesses that handle large amounts of cash are required to file a definition of cash.
How to fill out definition of cash?
The definition of cash can be filled out using the designated form provided by the appropriate regulatory authority.
What is the purpose of definition of cash?
The purpose of the definition of cash is to track and monitor the flow of physical currency in the financial system.
What information must be reported on definition of cash?
The information that must be reported on the definition of cash includes the amount of cash on hand, sources of cash inflows, and intended uses of cash.
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