Money Market Instruments. 3.1 The money market is a highly liquid professional dealer market that facilitates the transfer of funds (generally in very large denominations) between borrowers and lenders. It generally relates to those instruments that allow for borrowing and lending periods ranging from one day to one year.
Money Market Instruments. (All Portfolios). The following is a brief description of the types of the money market securities the Portfolios can invest in. Money market securities are high-quality, short-term debt instruments that may be issued by the U.S. government, corporations, banks or other entities. They may have fixed, variable or floating interest rates. |_| U.S. Government Securities. These include obligations issued or guaranteed by the U.S. government or any of its agencies or instrumentalities, described above.
Money Market Instruments. Securities maturing in one year or less at the time of issuance. These assets include, but are not limited to, the following: Treasury bills, U.S. government and agency securities, commercial paper (including 4(2) CP programs), time deposits, bankers acceptances, certificates of deposits, repurchase agreements, reverse repurchase agreements, bank STIF accounts and U.S. Money Market Mutual Funds. The above-mentioned security types may be either U.S. or Eurodollar issues.
Money Market Instruments. Short-term money market instruments, such as US Treasury bills, commercial paper, certificates of deposit, and repurchase agreements are not insured or guaranteed and by investing in such instruments you may lose some or all of your principal. Such instruments are also subject to interest rate, spread and credit risks (the value of the money market instrument will fall in the event of a default or reduced credit rating of the issuer).
Money Market Instruments. Those classes of liquid instruments normally dealt in on a short-term market (money market), such as Treasury and municipal bills, certificates of deposit and commercial paper with the exception of payment instruments. Their maturity or yield adjustment period may not exceed 397 days.
