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)

 

 

 

 

 

Janette E. Farragher, 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:

07/31/12

 

             

 

 


 

 

FORM N-Q

Item 1.                        Schedule of Investments.

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

 

Negotiable Bank Certificates of Deposit--16.4%  Principal Amount ($)   Value ($) 
Bank of Nova Scotia (Yankee)       
0.56%, 8/1/12  10,000,000 a  10,000,000 
Branch Banking & Trust Co.       
0.28%, 11/19/12  10,000,000   10,000,000 
Credit Suisse New York (Yankee)       
0.52%, 10/2/12  15,000,000   15,000,000 
Norinchukin Bank (Yankee)       
0.40%, 10/23/12  12,000,000   12,000,000 
Sumitomo Mitsui Banking Corporation (Yankee)       
0.50%, 10/18/12  5,000,000 b  5,000,000 
Total Negotiable Bank Certificates of Deposit       
(cost $52,000,000)      52,000,000 
Commercial Paper--7.9%       
Mizuho Funding LLC       
0.36%, 10/16/12  10,000,000 b  9,992,400 
Sumitomo Mitsui Banking Corporation       
0.34%, 10/16/12  5,000,000 b  4,996,411 
Toyota Motor Credit Corp.       
0.39%, 10/19/12  10,000,000   9,991,442 
Total Commercial Paper       
(cost $24,980,253)      24,980,253 
Asset-Backed Commercial Paper--14.8%       
Collateralized Commercial Paper Program Co., LLC       
0.30%, 8/1/12  10,000,000   10,000,000 
FCAR Owner Trust, Ser. II       
0.29%, 9/4/12  15,000,000   14,995,891 
Metlife Short Term Funding LLC       
0.24%, 10/16/12  12,000,000 b  11,993,920 
Solitaire Funding Ltd.       
0.22%, 8/20/12  10,000,000 b  9,998,839 
Total Asset-Backed Commercial Paper       
(cost $46,988,650)      46,988,650 

 



Repurchase Agreements--60.8%        
ABN AMRO Bank N.V.        
0.16%, dated 7/31/12, due 8/1/12 in the amount of        
$50,000,222 (fully collateralized by $46,991,200 U.S.       
Treasury Notes, 2.25%, due 11/30/17, value        
$51,000,019)   50,000,000   50,000,000 
Barclays Capital, Inc.        
0.17%, dated 7/31/12, due 8/1/12 in the amount of        
$13,000,061 (fully collateralized by $11,733,400 U.S.       
Treasury Notes, 2.75%, due 2/15/19, value $13,260,112)   13,000,000   13,000,000 
Deutsche Bank Securities Inc.        
0.17%, dated 7/31/12, due 8/1/12 in the amount of        
$65,000,307 (fully collateralized by $61,724,700 U.S.       
Treasury Notes, 2.13%, due 8/15/21, value $66,300,001)   65,000,000   65,000,000 
RBC Capital Markets        
0.13%, dated 7/31/12, due 8/1/12 in the amount of        
$65,000,235 (fully collateralized by $66,337,400 U.S.       
Treasury Bills, due 1/3/13, value $66,300,052)   65,000,000   65,000,000 
Total Repurchase Agreements        
(cost $193,000,000)       193,000,000 
Total Investments (cost $316,968,903)   99.9 %  316,968,903 
Cash and Receivables (Net)   .1 %  435,393 
Net Assets   100.0 %  317,404,296 

 

a     

Variable rate security--interest rate subject to periodic change.

b     

Securities exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2012, these securities amounted to $41,981,570 or 13.2% of net assets.

At July 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 July 31, 2012 in valuing the fund's investments:

Valuation Inputs  Short-Term Investments ($)+ 
Level 1 - Unadjusted Quoted Prices  - 
Level 2 - Other Significant Observable Inputs  316,968,903 
Level 3 - Significant Unobservable Inputs  - 
Total  316,968,903 
 
+ 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 under the Act. If amortized cost is determined not to approximate market value, the fair value of the portfolio securities will be determined by procedures established by and under the general supervision of the Board of Trustees.

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. Pursuant to the terms of the repurchase agreement, such securities must have an aggregate market value greater than or equal to the terms of 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:

Wednesday, September 26, 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:

Wednesday, September 26, 2012

 

By: /s/ James Windels

James Windels

Treasurer

 

Date:

Wednesday, September 26, 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)