Attached files
file | filename |
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10-K - FORM 10-K - Principal Life Income Fundings Trust 36 | c57267e10vk.htm |
EX-34.3 - EX-34.3 - Principal Life Income Fundings Trust 36 | c57267exv34w3.htm |
EX-33.3 - EX-33.3 - Principal Life Income Fundings Trust 36 | c57267exv33w3.htm |
EX-31.1 - EX-31.1 - Principal Life Income Fundings Trust 36 | c57267exv31w1.htm |
EX-33.1 - EX-33.1 - Principal Life Income Fundings Trust 36 | c57267exv33w1.htm |
EX-35.1 - EX-35.1 - Principal Life Income Fundings Trust 36 | c57267exv35w1.htm |
EX-34.2 - EX-34.2 - Principal Life Income Fundings Trust 36 | c57267exv34w2.htm |
EX-33.2 - EX-33.2 - Principal Life Income Fundings Trust 36 | c57267exv33w2.htm |
KPMG LLP
303 East Wacker Drive
Chicago, IL 60601-5212
303 East Wacker Drive
Chicago, IL 60601-5212
Report of Independent Registered Public Accounting Firm
Board of Directors
Citibank, N.A.:
Citibank, N.A.:
We have examined managements assertion, included in the accompanying Appendix I, that the Agency
and Trust division of Citibank, N.A. (or Company) complied with the servicing criteria set forth
in Item 1122(d) of the Securities and Exchange Commissions Regulation AB for publicly issued
(i.e., transaction-level reporting initially required under the Securities Exchange Act of 1934,
as amended) securities backed by insurance-related funding agreements issued on or after January
1, 2006 for which the Company provides paying agent, calculation agent, trustee and registrar
services, (the Platform), except for servicing criteria 1122(d)(1)(ii)-1122(d)(1)(iv),
1122(d)(2)(iii)-1122(d)(2)(iv), 1122(d)(2)(vi)-1122(d)(2)(vii), 1122(d)(3)(i), and
1122(d)(4)(i)-1122(d)(4)(xv), which the Company has determined are not applicable to the
activities it performs with respect to the Platform, as of and for the twelve months ended
December 31, 2009. Management is responsible for the Companys compliance with the servicing
criteria. Our responsibility is to express an opinion on managements assertion about the
Companys compliance based on our examination.
Our examination was conducted in accordance with the standards of the Public Company Accounting
Oversight Board (United States) and, accordingly, included examining, on a test basis, evidence
about the Companys compliance with the servicing criteria specified above and performing such
other procedures as we considered necessary in the circumstances. Our examination included testing
selected asset-backed transactions and securities that comprise the Platform, testing selected
servicing activities related to the Platform, and determining whether the Company processed those
selected transactions and performed those selected activities in compliance with the servicing
criteria. Furthermore, our procedures were limited to the selected transactions and servicing
activities performed by the Company during the period covered by this report. Our procedures were
not designed to determine whether errors may have occurred either prior to or subsequent to our
tests that may have affected the balances or amounts calculated or reported by the Company during
the period covered by this report for the selected transactions or any other transactions. We
believe that our examination provides a reasonable basis for our opinion. Our examination does not
provide a legal determination on the Companys compliance with the servicing criteria.
In our opinion, managements assertion that the Company complied with the aforementioned servicing
criteria as of and for the twelve months ended December 31, 2009 is fairly stated, in all material
respects.
Chicago, Illinois
February 26, 2010
February 26, 2010
KPMG LLP, a U.S. limited liability partnership, is the U.S.
member firm of KPMG International, a Swiss cooperative.
member firm of KPMG International, a Swiss cooperative.