The amendments also clarify that the exemptions to Exchange Act Rules 17g-5(a)(3), 17g-7(a), and 15Ga-2 apply only if all offers and sales of a security or
money market instrument by any issuer, sponsor, or underwriter linked to the security or
money market instrument will occur outside the United States.
Summary paragraph: The
money market instrument as we know it
Abdel Karim said the IFSB's liquidity management corporation, which will issue short-term instruments to help Islamic lenders manage their cash, would give banks an alternative to the widely used commodity murabaha
money market instrument.
Agreed that treasury bill (TB) is the main
money market instrument for piloting the monetary policy of government in Nigeria like in other countries (Duarte, 2004) but due to persistent excess liquidity over the years there has arisen serious need to prop up other
money market instruments order than TBs that need be injected into the financial market in a bid to moderate liquidity levels in Nigeria or at least reduce excessiveness of liquidity on the Nigerian financial system.
An ECB spokesman said a separate
money market instrument, "seven-day fine-tuning operations," amounted to US150 billion on 16 September.
The apex bank had offered a
money market instrument to inject NPR15bn into the banking sector on Friday.
Liquidity management is seen as the weak point of the emerging Islamic finance industry as it currently relies on the use of commodity murabaha, a
money market instrument only grudgingly accepted by Islamic scholars for lack of alternatives.
In a statement, the SEC said, 'Credit rating agencies are organisations that rate the creditworthiness of a company or a financial product, such as a debt security or
money market instrument. In particular, the Commission voted to adopt or propose measures intended to improve the quality of credit ratings by requiring greater disclosure, fostering competition, helping to address conflicts of interest, shedding light on rating shopping, and promoting accountability.'
Faysal Income & Growth Fund (FIGF) is to provide superior long-term risk adjusted returns by investing in a diverse pool of fixed income securities, including
money market instruments; in particular, the aim is to minimize interest rate risk through duration management and default risk through portfolio diversification.
