4. Financial Qualifications
To be granted an application for a certificate of public convenience and necessity (CPCN) 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.2 An applicant must also demonstrate that it has sufficient additional resources to cover all deposits required by local exchange carriers and/or interexchange carriers in order to provide the proposed service.3 Applicant provided a series of bank statements covering a period of several months and an unaudited balance sheet demonstrating that it has sufficient cash to satisfy the financial requirements.
2 The financial requirement for non-dominant interexchange carriers (NDIEC) is contained in Decision (D.) 91-10-041.
3 For NDIECs, the requirement is found in D.93-05-010.
