Money market fund: Difference between revisions
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A highly rated, extremely liquid form of [[investment fund]], sometimes looked upon as [[cash]]-like, so much so that if you can persuade yourself it qualifies, you may hold a [[qualifying money market fund]] as {{cassprov|client money}} under CASS {{cassprov|7}} (and not a [[Custody asset - CASS Provision|custody asset]], though you could hold it as a custody asset too) | A highly rated, extremely liquid form of [[investment fund]], sometimes looked upon as [[cash]]-like, so much so that if you can persuade yourself it qualifies, you may hold a [[qualifying money market fund]] as {{cassprov|client money}} under CASS {{cassprov|7}} (and not a [[Custody asset - CASS Provision|custody asset]], though you could hold it as a custody asset too) | ||
Latest revision as of 16:00, 19 July 2024
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A highly rated, extremely liquid form of investment fund, sometimes looked upon as cash-like, so much so that if you can persuade yourself it qualifies, you may hold a qualifying money market fund as client money under CASS 7 (and not a custody asset, though you could hold it as a custody asset too)