Money Market Funds Regulation and Payment service provider: Difference between pages

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''Financial market regulation - European Union.''
''Payment systems''


(MMFR).  
(PSP).


Regulation (EU) 2017/1131 of the European Parliament and of the Council of 14 June 2017 on money market funds (MMFs).
1.


It became mandatory for all funds from January 2019, and for new funds from July 2018.
Defined broadly, a payment service provider is an organisation that:
*provides payment services to others that are not participants in a payment system
*for the purposes of enabling the transfer of funds using the payment system.




Under the Regulation there are three types of Short-term MMF:
2.


* Public Debt CNAV
In a narrower sense, an online payment service provider (PSP) enables e-commerce merchants to accept payments on the merchant's own website.
* Low Volatility NAV (LVNAV)
* Variable NAV (VNAV)
 
 
There is just one type of Standard MMF:
* Variable NAV (VNAV)
 
 
Short-term MMFs are required to adhere to tighter investment rules than Standard MMFs.
 
 
Short-term funds may be constantly or variably priced, depending on the fund category.
 
Only Public Debt CNAV and LVNAV funds are allowed to be constantly priced.
 
 
Standard MMFs are always variably priced.




== See also ==
== See also ==
* [[Accumulating net asset value]]
*[[Aggregator]]
* [[Constant net asset value]]
*[[Faster Payments Service]]
* [[European Union]]
*[[Fintech]]
* [[FAM]]
*[[Information technology]]
* [[Liquidity fee]]
*[[P2P]]
* [[Liquidity fund]]
*[[Payment system]]
* [[Low-volatility NAV]]
*[[TTP]]
* [[m]]
* [[mf]]
* [[Money market]]
* [[Money market fund]]
* [[Money market fund reform: a light at the end of the tunnel?]]
* [[Redemption gate]]
* [[Regulation]]
* [[Reverse distribution mechanism]]
* [[Variable net asset value]]
* [[Weighted Average Life]]
* [[Weighted average maturity]]
 
 
===Other links===
*[http://www.treasurers.org/ACTmedia/Fitch%20Question%20Responses%20MMFs.pdf MMF reform: how will it affect treasurers? Fitch-ACT]
 
*[http://www.treasurers.org/node/9362 Lesson from America, The Treasurer, September 2013]
 
*[http://www.treasurers.org/node/8266 Credit matters, The Treasurer, October 2012]
 
*[http://www.treasurers.org/node/8103 Understanding MMF investments, The Treasurer, September 2012]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]

Revision as of 17:45, 13 March 2017

Payment systems

(PSP).

1.

Defined broadly, a payment service provider is an organisation that:

  • provides payment services to others that are not participants in a payment system
  • for the purposes of enabling the transfer of funds using the payment system.


2.

In a narrower sense, an online payment service provider (PSP) enables e-commerce merchants to accept payments on the merchant's own website.


See also

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