Money market fund

The Jolly Contrarian’s Glossary The snippy guide to financial services lingo.™ Index — Click the ᐅ to expand: Glossary 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