Business in Europe: Framework for Income Taxation and Constant net asset value: Difference between pages
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imported>Doug Williamson (Create page - source - EC - https://ec.europa.eu/commission/presscorner/detail/en/ip_21_2430) |
imported>Doug Williamson (Expand quote.) |
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'' | ''Money market funds''. | ||
( | (CNAV). | ||
A constant net asset value per share money market fund. | |||
A money market fund which aims to maintain its distributing shares at a ‘constant’ value of for example USD 1, EUR 1 or GBP 1, by using an amortised cost basis of accounting for the value of its underlying portfolio of money market instruments. | |||
<span style="color:#4B0082">'''''Money market fund (MMF) reforms'''''</span> | |||
:"Full implementation of MMF reforms won't take place until February 2019, but treasurers need to start preparing for the replacement of [prime] constant net asset value (CNAV) funds with two new categories: | |||
: - the Public Debt CNAV fund, and | |||
: - the low-volatility NAV (LNAV) fund. | |||
:According to research from rating agency Moody's, LVNAV MMFs are likely to attract most of the funds currently invested in prime CNAV MMFs." | |||
[[Category: | :''The Treasurer magazine, June 2018, p21 - Sarah Rundell, freelance journalist specialising in treasury and investment issues.'' | ||
[[Category: | |||
== See also == | |||
* [[Accumulating net asset value]] | |||
* [[Amortised cost]] | |||
* [[Distributing]] | |||
* [[Money market fund]] | |||
* [[Money market fund reform: a light at the end of the tunnel?]] | |||
* [[Net asset value]] | |||
* [[Prime]] | |||
* [[Public Debt CNAV]] | |||
* [[Variable net asset value]] | |||
* [[Volatility]] | |||
[[Category:Financial_management]] | |||
[[Category:Corporate_finance]] |
Revision as of 07:29, 7 August 2019
Money market funds.
(CNAV).
A constant net asset value per share money market fund.
A money market fund which aims to maintain its distributing shares at a ‘constant’ value of for example USD 1, EUR 1 or GBP 1, by using an amortised cost basis of accounting for the value of its underlying portfolio of money market instruments.
Money market fund (MMF) reforms
- "Full implementation of MMF reforms won't take place until February 2019, but treasurers need to start preparing for the replacement of [prime] constant net asset value (CNAV) funds with two new categories:
- - the Public Debt CNAV fund, and
- - the low-volatility NAV (LNAV) fund.
- According to research from rating agency Moody's, LVNAV MMFs are likely to attract most of the funds currently invested in prime CNAV MMFs."
- The Treasurer magazine, June 2018, p21 - Sarah Rundell, freelance journalist specialising in treasury and investment issues.