Mmf and Reconciliation: Difference between pages

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{{lowercase}}''Credit rating.''   
1. ''Accounting''.
A quantified explanation of the differences between two related amounts.
For example, an accounting reconciliation of reported operating profit to net operating cash flows.  This statement explains why the figure for accounting profit differs from the net operating cash flows for the same period. Each item contributing to the net difference being quantified within the reconciliation statement.


Abbreviation for money market fund.
Another example is the comparison of a physical count of stock or other assets, compared with the amounts in financial or other records.


A suffix added to a credit rating to indicate that it relates to a money market fund.
Reconciliation checks are an important feature of internal control systems, to provide additional assurance about the completeness and accuracy of recording financial and other information.


2.
A quantified explanation of the change in any balance, over a time period.


<span style="color:#4B0082">'''''Risk profiles of funds matter'''''</span>
Sometimes abbreviated to 'rec'.
 
:"From a fund-rating perspective, the overall structure is not the key rating driver for Fitch, rather it's the risk profile of the fund that matters.
 
:Conceptually, we can rate CNAVs, LVNAVs and VNAVs at the AAAmmf rating level.
 
:The new rules will not change our approach to rating MMFs and therefore should not directly affect ratings unless funds' underlying credit, market or liquidity risks increase."
 
:''Alastair Sewell CFA, EMEA head of fund and asset manager ratings, Fitch Ratings, The Treasurer, August 2018, p31.''
 


== See also ==
== See also ==
* [[AAA]]
* [[Bank reconciliation]]
* [[Asset manager]]
* [[Full reconciliation]]
* [[CNAV]]
* [[Tax reconciliation]]
* [[Credit rating]]
* [[Credit risk]]
* [[EMEA]]
* [[Liquidity risk]]
* [[Low-volatility NAV]]
* [[Market risk]]
* [[Money market fund]] (MMF)
* [[VNAV]]


[[Category:The_business_context]]
[[Category:Identify_and_assess_risks]]

Revision as of 14:20, 23 October 2012

1. Accounting. A quantified explanation of the differences between two related amounts. For example, an accounting reconciliation of reported operating profit to net operating cash flows. This statement explains why the figure for accounting profit differs from the net operating cash flows for the same period. Each item contributing to the net difference being quantified within the reconciliation statement.

Another example is the comparison of a physical count of stock or other assets, compared with the amounts in financial or other records.

Reconciliation checks are an important feature of internal control systems, to provide additional assurance about the completeness and accuracy of recording financial and other information.

2. A quantified explanation of the change in any balance, over a time period.

Sometimes abbreviated to 'rec'.

See also


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