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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
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 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.