The Commercial Paper Funding Facility, Asset - Backed Commercial
Paper Money Market Mutual Fund Liquidity Facility, Primary Dealer Credit Facility, and Term Securities Lending Facility programs expire.
The Federal Reserve Board announces the creation of the Asset - Backed Commercial
Paper Money Market Mutual Fund Liquidity Facility (AMLF) to extend non-recourse loans at the primary credit rate to U.S. depository institutions and bank holding companies to finance their purchase of high - quality asset - backed commercial paper from money market mutual funds.
The expiration date of the Asset - Backed Commercial
Paper Money Market Mutual Fund Liquidity Facility (AMLF), the Commercial Paper Funding Facility (CPFF), the Primary Dealer Credit Facility (PDCF), and the Term Securities Lending Facility (TSLF) is extended through February 1, 2010.
Not exact matches
Now
Mutual fund schemes invest in varies types of debt
papers i.e.
money market papers like CD / CP, corporate debt
papers, sovereign
papers and structured obligations.
Securities firms, commercial banks, corporations, pension
funds, state and local governments, and
mutual and
money market funds use the repo
market as a safe haven for cash investment and as a flexible alternative to bank deposits and
money market instruments such as CDs and commercial
paper.
Major investors in commercial
paper include
money market mutual funds and commercial bank trust departments.
To satisfy redemptions,
money market mutual funds slashed their holdings of commercial
paper.
The Federal Reserve will extend non-recourse loans of up to $ 230 billion to banks and other depository institutions to buy investment - grade asset - backed commercial
paper from
money market mutual funds.
Specifically, the Fed now manages to set the lower bound of the curve by borrowing
money from
money market mutual funds, which are a large provider of liquidity in financial
markets through repurchase transactions for treasuries, lending in commercial
paper, etc..
Toronto's Claymore Investments recently launched the Premium
Money Market ETF (TSX: CMR), which invests in the same T - bills and commercial paper (but not asset - backed commercial paper) that traditional money market mutual fund
Money Market ETF (TSX: CMR), which invests in the same T - bills and commercial paper (but not asset - backed commercial paper) that traditional money market mutual fun
Market ETF (TSX: CMR), which invests in the same T - bills and commercial
paper (but not asset - backed commercial
paper) that traditional
money market mutual fund
money market mutual fun
market mutual funds do.
Money market mutual funds are
mutual funds that invest in very short - term, highly liquid securities which are considered safe havens such as government securities or T - bills, certificates of deposit, and commercial
paper.
These short - term debt securities and
money market instruments include: shares of
money market mutual funds, commercial
paper, certificates of deposit, bankers» acceptances, U.S. Government securities and repurchase agreements.
Money market funds have diverted hefty amounts out of commercial paper and other non-government instruments into the ultra-safe haven of Treasury bills, after a money market mutual fund broke the buck, or fell below $ 1 per share value last week, triggering investor fears about the safety of short - term paper from banks, insurers and compa
Money market funds have diverted hefty amounts out of commercial
paper and other non-government instruments into the ultra-safe haven of Treasury bills, after a
money market mutual fund broke the buck, or fell below $ 1 per share value last week, triggering investor fears about the safety of short - term paper from banks, insurers and compa
money market mutual fund broke the buck, or fell below $ 1 per share value last week, triggering investor fears about the safety of short - term
paper from banks, insurers and companies.
These included a credit facility for «primary dealers,» the broker - dealers that serve as counterparties for the Fed's open
market operations, as well as lending programs designed to provide liquidity to
money market mutual funds and the commercial
paper market.
A
mutual fund investing in short - term
money market instruments, such as certificates of deposit, overnight repo's, banker's acceptances, commercial
paper, etc..