Redemption gate: Difference between revisions
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imported>Doug Williamson (Create the page. Source: The Treasurer, June 2016, p37.) |
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Revision as of 20:23, 18 June 2016
With effect from October 2016, a closed period which can be imposed by the board of a money market fund under times of market stress, in order to reduce the risk of a run on the fund.
No redemptions would be allowed during the period of the redemption gate.
