N-Q 1 form-762.htm FORM N-Q form-762.htm - Generated by SEC Publisher for SEC Filing

 

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT
INVESTMENT COMPANY

Investment Company Act file number

811-5717

 

 

 

Dreyfus Worldwide Dollar Money Market Fund, Inc.

 

 

(Exact name of Registrant as specified in charter)

 

 

 

 

 

 

c/o The Dreyfus Corporation

200 Park Avenue

New York, New York 10166

 

 

(Address of principal executive offices) (Zip code)

 

 

 

 

 

Michael A. Rosenberg, Esq.

200 Park Avenue

New York, New York 10166

 

 

(Name and address of agent for service)

 

 

Registrant's telephone number, including area code:

(212) 922-6000

 

 

Date of fiscal year end:

 

10/31

 

Date of reporting period:

01/31/12

 

             

 

 

 

 

FORM N-Q

Item 1.                        Schedule of Investments.

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STATEMENT OF INVESTMENTS 
Dreyfus Worldwide Dollar Money Market Fund, Inc. 
January 31, 2012 (Unaudited) 

 

Negotiable Bank Certificates of Deposit--35.7%  Principal Amount ($)   Value ($) 
Bank of Nova Scotia       
0.51%, 2/1/12  10,000,000 a  10,000,000 
Bank of Tokyo-Mitsubishi Ltd.       
0.44%, 4/24/12  15,000,000   15,000,000 
Barclays Bank       
0.60%, 2/1/12  20,000,000 a  20,000,000 
Branch Banking & Trust Co.       
0.23%, 4/30/12  10,000,000   10,000,000 
Credit Suisse (Yankee)       
0.60%, 4/3/12  15,000,000   15,000,000 
Deutsche Bank AG (Yankee)       
0.16%, 2/8/12  15,000,000   15,000,000 
Sumitomo Mitsui Banking Corporation (Yankee)       
0.45%, 4/18/12 - 4/19/12  10,000,000 b  10,000,000 
Sumitomo Trust and Banking Co. (Yankee)       
0.45%, 2/14/12  15,000,000   15,000,054 
Svenska Handelsbanken (Yankee)       
0.28%, 4/30/12  12,000,000   12,000,148 
Total Negotiable Bank Certificates of Deposit       
(cost $122,000,202)      122,000,202 
Commercial Paper--10.2%       
Mizuho Funding LLC       
0.47%, 4/16/12  15,000,000 b  14,985,313 
Sumitomo Mitsui Banking Corporation       
0.45%, 4/13/12  5,000,000 b  4,995,500 
UBS Finance Delaware Inc.       
0.56%, 4/12/12  15,000,000   14,983,581 
Total Commercial Paper       
(cost $34,964,394)      34,964,394 
Asset-Backed Commercial Paper--13.1%       
Cancara Asset Securitization       
0.25%, 2/17/12  15,000,000 b  14,998,333 

 


  FCAR Owner Trust, Ser. II        
  0.29%, 3/8/12   15,000,000   14,995,650 
  Govco        
  0.30%, 4/19/12   15,000,000 b  14,990,250 
  Total Asset-Backed Commercial Paper        
  (cost $44,984,233)       44,984,233 
  Time Deposits--17.5%        
  DnB Bank (Grand Cayman)        
  0.07%, 2/1/12   15,000,000   15,000,000 
  Nordea Bank Finland (Grand Cayman)        
  0.07%, 2/1/12   15,000,000   15,000,000 
  Northern Trust Co. (Grand Cayman)        
  0.07%, 2/1/12   15,000,000   15,000,000 
  Royal Bank of Canada (Toronto)        
  0.06%, 2/1/12   15,000,000   15,000,000 
  Total Time Deposits        
  (cost $60,000,000)       60,000,000 
  U.S. Treasury Notes--5.8%        
  0.30%, 3/15/12        
  (cost $20,025,102)   20,000,000   20,025,102 
  Repurchase Agreements--17.5%        
  Barclays Capital, Inc.        
  0.18%, dated 1/31/12, due 2/1/12 in the amount of        
  $15,000,075 (fully collateralized by $12,945,600 U.S.      
  Treasury Notes, 3.63%, due 2/15/21, value $15,300,112)   15,000,000   15,000,000 
  Deutsche Bank Securities Inc.        
  0.22%, dated 1/31/12, due 2/1/12 in the amount of        
$10,000,061 (fully collateralized by $10,200,000        
  Federal Home Loan Bank, 0.18%, due 12/19/12, value        
$10,202,142)   10,000,000   10,000,000 
  HSBC USA Inc.        
  0.22%, dated 1/31/12, due 2/1/12 in the amount of        
  $15,000,092 (fully collateralized by $15,325,000 U.S.      
  Treasury Notes, 1.25%, due 1/31/19, value $15,301,093)   15,000,000   15,000,000 
  RBS Securities, Inc.        
  0.20%, dated 1/31/12, due 2/1/12 in the amount of        
  $20,000,111 (fully collateralized by $16,815,000 U.S.        
  Treasury Notes, 4.88%, due 8/15/16, value $20,402,108)   20,000,000   20,000,000 

 


Total Repurchase Agreements     
  (cost $60,000,000)    60,000,000 
Total Investments (cost $341,973,931)  99.8%  341,973,931 
Cash and Receivables (Net)  .2%  535,421 
Net Assets  100.0%  342,509,352 

 

a  Variable rate security--interest rate subject to periodic change. 
b  Securities 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 January 31, 2012, these securities 
  amounted to $59,969,396 or 17.5% of net assets. 

 

At January 31, 2012, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes.


The following is a summary of the inputs used as of January 31, 2012 in valuing the fund's investments:

Valuation Inputs  Short-Term Investments ($)+ 
Level 1 - Unadjusted Quoted Prices  - 
Level 2 - Other Significant Observable Inputs  341,973,931 
Level 3 - Significant Unobservable Inputs  - 
Total  341,973,931 

 

+ See Statement of Investments for additional detailed categorizations. 

 


The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants. The fund's financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.

Portfolio valuation: Investments in securities are valued at amortized cost in accordance with Rule 2a-7 of the Act, which has been determined by the Board of Directors to represent the fair value of the fund’s investments.

The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e. the exit price). GAAP establishes a fair value hierarchy that prioritizes the inputs of valuation techniques used to measure fair value. This hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).

Additionally, GAAP provides guidance on determining whether the volume and activity in a market has decreased significantly and whether such a decrease in activity results in transactions that are not orderly. GAAP requires enhanced disclosures around valuation inputs and techniques used during annual and interim periods.

Various inputs are used in determining the value of the fund’s investments relating to fair value measurements. These inputs are summarized in the three broad levels listed below:

Level 1—unadjusted quoted prices in active markets for identical investments.


Level 2—other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.).

Level 3—significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Act. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

The fund may enter into repurchase agreements with financial institutions, deemed to be creditworthy by the Manager, subject to the seller’s agreement to repurchase and the fund’s agreement to resell such securities at a mutually agreed upon price. Securities purchased subject to repurchase agreements are deposited with the fund’s custodian and, pursuant to the terms of the repurchase agreement, must have an aggregate market value greater than or equal to the repurchase price plus accrued interest at all times. If the value of the underlying securities falls below the value of the repurchase price plus accrued interest, the fund will require the seller to deposit additional collateral by the next business day. If the request for additional collateral is not met, or the seller defaults on its repurchase obligation, the fund maintains its right to sell the underlying securities at market value and may claim any resulting loss against the seller.

Additional investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the Securities and Exchange Commission on Form N-CSR.

 

Item 2.                        Controls and Procedures.

(a)        The Registrant's principal executive and principal financial officers have concluded, based on their evaluation of the Registrant's disclosure controls and procedures as of a date within 90 days of the filing date of this report, that the Registrant's disclosure controls and procedures are reasonably designed to ensure that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the required time periods and that information required to be disclosed by the Registrant in the reports that it files or submits on Form N-Q is accumulated and communicated to the Registrant's management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure.

(b)        There were no changes to the Registrant's internal control over financial reporting that occurred during the Registrant's most recently ended fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting. 

Item 3.                        Exhibits.

(a)        Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940.

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FORM N-Q

SIGNATURES

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.

Dreyfus Worldwide Dollar Money Market Fund, Inc.

By: /s/ Bradley J. Skapyak

Bradley J. Skapyak

President

 

Date:

Tuesday, March 27, 2012

 

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.

 

By: /s/ Bradley J. Skapyak

Bradley J. Skapyak

President

 

Date:

Tuesday, March 27, 2012

 

By: /s/ James Windels

James Windels

Treasurer

 

Date:

Tuesday, March 27, 2012

 

EXHIBIT INDEX

(a)        Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940.  (EX-99.CERT)