Redemption gate

From ACT Wiki
Revision as of 11:28, 10 January 2018 by imported>Doug Williamson (Remove start date.)
Jump to navigationJump to search

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.


See also

Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Redemption_gate&oldid=40495’