Attached files
file | filename |
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10-K - FORM 10-K - Principal Life Income Fundings Trust 36 | c63719e10vk.htm |
EX-33.2 - EX-33.2 - Principal Life Income Fundings Trust 36 | c63719exv33w2.htm |
EX-31.1 - EX-31.1 - Principal Life Income Fundings Trust 36 | c63719exv31w1.htm |
EX-33.3 - EX-33.3 - Principal Life Income Fundings Trust 36 | c63719exv33w3.htm |
EX-33.1 - EX-33.1 - Principal Life Income Fundings Trust 36 | c63719exv33w1.htm |
EX-35.1 - EX-35.1 - Principal Life Income Fundings Trust 36 | c63719exv35w1.htm |
EX-34.3 - EX-34.3 - Principal Life Income Fundings Trust 36 | c63719exv34w3.htm |
EX-34.1 - EX-34.1 - Principal Life Income Fundings Trust 36 | c63719exv34w1.htm |
KPMG LLP
2500 Ruan Center
666 Grand Avenue
Des Moines, IA 50309
2500 Ruan Center
666 Grand Avenue
Des Moines, IA 50309
Report of Independent Registered Public Accounting Firm
The Board of Directors
Bankers Trust Company:
Bankers Trust Company:
We have examined managements assessment, included in the accompanying Management Assessment, that
Bankers Trust Company (the Company) complied with the servicing criteria set forth in Item 1122(d)
of the Securities and Exchange Commissions Regulation AB related to its document custodian
responsibilities for the Principal Life Insurance Company Secured Notes Program as defined in its
Custodial Agreement dated November 21, 2007 (the Platform), as of and for the year ended December
31, 2010. The Company has determined that only criteria 1122(d)(4)(ii) is applicable to the
activities performed by the Company with respect to the Platform covered by this report. The
Company has determined that the remaining criteria set forth in the Securities and Exchange
Commissions Regulation AB are not applicable to the Companys activities with respect to the
Platform covered by this report. Management is responsible for the Companys compliance with those
servicing criteria. Our responsibility is to express an opinion on managements assessment 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 assessment that the Company complied with the aforementioned
servicing criteria as of and for the year ended December 31, 2010 is fairly stated, in all
material respects.
Des Moines, Iowa
March 3, 2011
March 3, 2011
KPMG LLP is a Delaware limited liability partnership, the U.S.
member firm of KPMG International Cooperative (KPMG International), a Swiss entity.
member firm of KPMG International Cooperative (KPMG International), a Swiss entity.