4. Financial Qualifications

To be granted an application for registration, an applicant for authority to provide resold interexchange services must demonstrate that it has a minimum of $25,000 of cash or cash equivalent to meet the firm's start-up expenses.⁴ An applicant must also demonstrate that it has sufficient additional resources to cover all deposits required by local exchange carriers (LECs) and/or interexchange carriers (IECs) in order to provide the proposed service.⁵ Applicant provided an income statement, balance sheet and bank statement demonstrating that it has sufficient cash to satisfy the financial requirement.

⁴ The financial requirement for NDIECs is contained in Decision (D.) 91-10-041.

⁵ For NDIECs, the requirement is found in D.93-05-010.