cash management bill


Also found in: Acronyms.

Cash management bill

Very short-maturity bills that the Treasury occasionally sells because its cash balances are down and it needs money for a few days.

Cash Management Bill

A U.S. Treasury security with a minimum purchase of $1 million and a maturity of 10 to 20 days. The U.S. Treasury sells cash management bills to institutional investors when it needs to raise cash quickly for a very short period of time.

cash management bill

A very short-term security (typically one having 10 to 20 days from date of issue until maturity) that is issued by the U.S. Treasury in order to manage its cash balances. A cash management bill is issued in minimum denominations of $1 million and is bought by institutional investors.
References in periodicals archive ?
Cash Management Bills will have the generic character of Treasury Bills and their sale will be subject to the terms and conditions specified in the General Notification No.
In practice, the Treasury also has the option to use cash management bills (CMBs), which do not follow a fixed issuance calendar like other Treasury securities.
Notes: The table reports the changes in average auction yield attributable to using non-cost-minimizing objectives and CMBs (cash management bills) on ten historical dates around the time of the financial crisis.
Cash Management bills are being used by the central bank to modulate liquidity, although they are short-term instruments that are normally used by the government to overcome temporary cash flow mismatches.
The temporary cash flow mismatches were bridged through issuances of Cash Management Bills in three tranches up to Rs.
The balance of Treasury financing requirements will be met with the weekly bill auctions, cash management bills, the monthly note and bond auctions, the May 10-year TIPS reopening auction, the June 30-year TIPS reopening auction, the July 10-year TIPS auction, and the regular monthly 2-year Floating Rate Note (FRN) auctions.
The Reserve Bank of India, or RBI, will auction Rs220 billion ($3.59 billion) of government cash management bills every Monday, it said in a statement, without specifying for how many weeks the sales would last.
The balance of Treasury financing requirements will be met with the weekly bill auctions, cash management bills, the monthly note and bond auctions, the November 10-year TIPS reopening auction, the December 5-year TIPS reopening auction, the January 10-year TIPS auction, and the regular monthly 2-year Floating Rate Note (FRN) auctions.
The balance of Treasury financing requirements will be met with the weekly bill auctions, cash management bills, the monthly note and bond auctions, the August 5-year TIPS reopening auction, the September 10-year TIPS reopening auction, the October 30-year TIPS reopening auction, and the regular monthly 2-year Floating Rate Note (FRN) auctions.
Treasury plans to address changes in any seasonal borrowing needs over the next quarter through changes in regular bill auction sizes and/or cash management bills.