Because of the ages typically involved, term insurance applications for estate planning and
estate liquidity purposes are rather limited.
A fund that invests primarily in employer securities that may also maintain a cash position
for liquidity purposes.
It holds short - term liquid securities such as money market funds, U.S. Treasury securities, government agency securities or other equity securities
for liquidity purposes and to cover its obligation to purchase securities subject to short sales in the future.
I checked with Charles Schwab and TD Ameritrade, and both brokerage houses have the same policy — if you contact them within thirty days of the split, you can have the cash distribution reinvested if the volume of shares traded daily exceeds 10,000 for
liquidity purposes.
Generally, Vanguard funds hold only small amounts of cash in custodian bank accounts for
liquidity purposes.
You've talked about having a minimum of $ 20 billion in cash on a consolidated basis, but for regulatory risk control or
liquidity purposes, is there some minimum amount of float beyond the $ 20 billion that has to be in cash bonds or say, preferred stocks.