The Securities and Exchange Commission (SEC) passed a rule, effective October 2016, which requires money market funds (MMFs) to switch from a fixed net asset value (NAV) to a floating NAV, causing many MMF managers to liquidate their funds and exit the MMF business.
This rule negatively affects manufacturers by:
1) Causing borrowing costs to rise above the Fed’s recent interest rate increases;
2) Reducing potential return on short-term cash flow investments.
Join a brief webinar on Thursday, Feb. 22 at 10:00 a.m. to hear a complete explanation of the issue from experts at OMA Connections Partner, Roetzel, and learn what businesses can do to fix this problem. Register here. 2/14/2018