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10-K - FORM 10-K - Principal Life Income Fundings Trust 36c63719e10vk.htm
EX-31.1 - EX-31.1 - Principal Life Income Fundings Trust 36c63719exv31w1.htm
EX-33.3 - EX-33.3 - Principal Life Income Fundings Trust 36c63719exv33w3.htm
EX-33.1 - EX-33.1 - Principal Life Income Fundings Trust 36c63719exv33w1.htm
EX-35.1 - EX-35.1 - Principal Life Income Fundings Trust 36c63719exv35w1.htm
EX-34.3 - EX-34.3 - Principal Life Income Fundings Trust 36c63719exv34w3.htm
EX-34.1 - EX-34.1 - Principal Life Income Fundings Trust 36c63719exv34w1.htm
EX-34.2 - EX-34.2 - Principal Life Income Fundings Trust 36c63719exv34w2.htm
(BANKERS TRUST LOGO)
Management Assessment
Management of Bankers Trust Company (the Company) is responsible for assessing compliance with the applicable servicing criteria set forth in Securities and Exchange Commission Regulation AB Item 1122(d) relating to its document custodian responsibilities for the Principal Life Insurance Company Secured Notes Program (the Program) as defined in its Custodial Agreement dated November 21, 2007 (the Platform) as of and for the year ended December 31, 2010. Accordingly, Item 1122(d)(4)(ii) is applicable to the activities performed by the Company with respect to the Platform covered by this report The remaining servicing criteria set forth in Item 1122 (d) of the Securities and Exchange Commission’s Regulation AB are not applicable to the activities performed by the Company with respect to the Platform covered by this report.
The Company’s management has assessed the effectiveness of its compliance with the applicable servicing criteria as of and for the year ended December 31, 2010. In making this assessment, management used the criteria set forth by the Securities and Exchange Commission in paragraph (d) of Item 1122 of Regulation AB.
Based on such assessment, the Company’s management believes that, as of and for the year ended December 31, 2010, the Company has complied in all material respects with the servicing criteria set forth in Securities and Exchange Commission Regulation AB Item 1122(d)(4)(ii) relating to the servicing of the Platform.
KPMG LLP, a registered public accounting firm, has issued an attestation report with respect to management’s assessment of compliance with the applicable servicing criteria as of and for the year ended December 31, 2010.
 
March 3, 2011     BANKERS TRUST COMPANY    
 
  By: 
/s/ Kip J. Albertson
 
Kip J. Albertson
   
 
    Senior Vice President, CFO &
Chief Administrative Officer
   
 
    /s/ Scott D. Eltjes
 
Scott D. Eltjes
   
 
    Senior Vice President, Investment
Management & Wealth Management
   
453 7th Street P. O. Box 897 Des Moines, Iowa 50304-0897 800-362-1688 www.bankerstrust.com