Master account and Money market fund: Difference between pages

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A bank account used in cash concentration to fund zero balance accounts automatically.
(MMF).  


More specifically an account in a cash pooling structure used to fund zero/target/threshold balance accounts automatically or concentrate funds from participating accounts automatically.
A managed fund which invests in money market instruments.


The master account may be interest-bearing.  
Some money market funds are structured as 'liquid' money market funds, designed to be lower risk managed funds by - among other features - investing only in liquid money market instruments of the highest credit quality.


Other money market funds seek to provide higher average expected income through a longer dated, higher risk and less liquid portfolio.


''Also known as central account or concentration account.''


== See also ==
* [[Accumulating net asset value]]
* [[Constant net asset value]]
* [[m]]
* [[mf]]
* [[Money market]]
==Other links==
*[http://www.treasurers.org/node/9362 Lessons from America, The Treasurer, September 2013]


== See also ==
*[http://www.treasurers.org/node/8266 Credit matters, The Treasurer, October 2012]
* [[Cash concentration]]
* [[Cash pool]]
* [[Zero balance account]]
* [[Legal implications of cash pooling structures]]


[[Category:Cash_management]]
*[http://www.treasurers.org/node/8103 Understanding MMF investments, The Treasurer, September 2012]

Revision as of 15:15, 2 October 2013

(MMF).

A managed fund which invests in money market instruments.

Some money market funds are structured as 'liquid' money market funds, designed to be lower risk managed funds by - among other features - investing only in liquid money market instruments of the highest credit quality.

Other money market funds seek to provide higher average expected income through a longer dated, higher risk and less liquid portfolio.


See also


Other links