Money market fund

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Template:Anattitle-cass →Go uptown IMPORTANT: CASS changed quite a bit after MiFID II. This resource therefore may well be out of date, even if it was accurate once, which it might not have been. This is an article about the FCA’s custody and client money rules — client assets — and is fondly known by its chapter in the FCA SourcebookTemplate:Anatnavigation-cass Tell me more Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.

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)

See also

• Cash
• QMMF
• Secondary pooling event