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imported>Doug Williamson |
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| ''Money market funds''. | | ''UK Tax.'' |
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| (CNAV).
| | Stamp Duty Land Tax. |
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| A constant net asset value per share money market fund.
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| 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.
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| <span style="color:#4B0082">'''''Money market fund (MMF) reforms'''''</span>
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| :"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:
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| : - the Public Debt CNAV fund, and
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| : - the low-volatility NAV (LNAV) fund.
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| :According to research from rating agency Moody's, LVNAV MMFs are likely to attract most of the funds currently invested in prime CNAV MMFs."
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| :''The Treasurer magazine, June 2018, p21 - Sarah Rundell, freelance journalist specialising in treasury and investment issues.''
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| == See also == | | == See also == |
| * [[Accumulating net asset value]] | | * [[Stamp duty land tax]] |
| * [[Amortised cost]]
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| * [[Distributing]]
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| * [[Money market fund]]
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| * [[Money market fund reform: a light at the end of the tunnel?]]
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| * [[Net asset value]]
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| * [[Prime]]
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| * [[Public Debt CNAV]]
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| * [[Variable net asset value]]
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| * [[Volatility]]
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| [[Category:Financial_management]]
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| [[Category:Corporate_finance]]
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Revision as of 13:58, 20 August 2013
UK Tax.
Stamp Duty Land Tax.
See also
