tailieunhanh - Pricing of U.S. Money Market Funds 2011

» Organizational structures and policies themselves can serve as risk controls. Segregation of duties, independence of control functions from business lines, and the use of committees or other, more informal approaches for breaking down silos between business units or departments are among a variety of organizational practices that may facilitate effective risk management. Although there is a tension between segregating functions and breaking down silos to facilitate information exchange, risk management requires a bit of both | ICI RESEARCH REPORT Pricing of . Money Market Funds January 2011 The Investment Company Institute is the national association of . investment companies including mutual funds closed-end funds exchange-traded funds ETFs and unit investment trusts UITs . ICI seeks to encourage adherence to high ethical standards promote public understanding and otherwise advance the interests of funds their shareholders directors and advisers. Members of ICI manage total assets of trillion and serve over 90 million shareholders. Pricing of . Money Market Funds Contents Summary and Key Understanding Money Market Fund Rule 2a-7 Risk-Limiting Amortized Cost Method Used to Calculate Stable Allowable Deviations of Per-Share Market Amortized Cost Is Normally a Close Approximation of Market Factors That Affect Per-Share Market Changes in Interest Weighted Average Net Inflows and Combining the Effects of Interest Rate Changes and Net Credit How Have Funds Shadow Prices Behaved Historically .24 Summing Up the Historical Evidence on Money Market Funds Shadow Glossary of Money Market .