Money market fund

Archax, TomorrowNext and Ownera Demonstrate Tokenized Access to Money Market Funds

Retrieved on: 
Wednesday, November 15, 2023
Software, Networks, Professional Services, Blockchain, Fintech, Data Management, Electronic Commerce, Technology, Digital Cash Management, Digital Assets, Cryptocurrency, NFT, Finance, FCA, Money market fund, Lexical analysis, Ecosystem, Growth, Money

At a demonstration at Digital Assets Week in London yesterday, Ownera, TomNext and Archax executed a live production trade of a Money Market Fund, distributed via the Archax digital platform, across the Ownera FinP2P network in token form.

Key Points: 
  • At a demonstration at Digital Assets Week in London yesterday, Ownera, TomNext and Archax executed a live production trade of a Money Market Fund, distributed via the Archax digital platform, across the Ownera FinP2P network in token form.
  • Through the TomNext software, clients will be able to access yield bearing money market funds intra-day, enabling investors to benefit from tokenized access to this asset class.
  • Behind the scenes, Archax deployed an Ownera “sell-side router” connected to TomNext’s “buy-side router” – giving Archax global distribution while giving the TomNext software access to tokenized assets.
  • This interoperability model will enable institutions to give their clients online access to a growing number of diversified tokenized investment opportunities from across the world.

Money market funds stress tests – overall resilience whilst LVNAVs exceed threshold in liquidity and credit risk scenarios

Retrieved on: 
Sunday, June 11, 2023
MMF, National, Money market fund, COVID-19, ESRB, European Securities and Markets Authority, European Systemic Risk Board, European Central Bank, Risk, ECB, ESMA, Money, Calibration, Security (finance), Risk management, EU

Money market funds stress tests – overall resilience whilst LVNAVs exceed threshold in liquidity and credit risk scenarios

Key Points: 
  • Money market funds stress tests – overall resilience whilst LVNAVs exceed threshold in liquidity and credit risk scenarios
    The European Securities and Markets Authority (ESMA), the EU’s financial markets and securities regulator, has published an article on the results of the Money Market Funds (MMFs) stress tests reported to ESMA.
  • The results show that liquidity and credit risks would be the most impactful for MMFs, in the context of the adverse scenario.
  • The different redemption scenarios tested however show the capability of MMFs to meet redemption requests under adverse circumstances, despite a calibration reflecting the intensity of the March 2020 stress episode.
  • In the article ESMA also highlights the relative proximity of the LVNAV 20 bps threshold, which would be exceeded in the liquidity and credit risk scenarios.

BAB, Inc. Reports Year-ended 11/30/22 Results

Retrieved on: 
Wednesday, February 15, 2023
BABB, Money market fund, Forgiveness, Marketing, Travel, Paycheck Protection Program, BAB, Big Apple, OTCQB, Tax, Cryptocurrency

Income from operations for fiscal 2022 is $608,000 compared to $542,000 in 2021.

Key Points: 
  • Income from operations for fiscal 2022 is $608,000 compared to $542,000 in 2021.
  • The increase in fiscal 2022 income before interest, other and taxes in 2022 was $66,000, or 12.2%.
  • The tax provision expense was $176,000 for the year ended November 30, 2022 compared to $119,000 for the year ended November 30, 2021.
  • Total operating expenses for the year ended November 30, 2022, were $2,679,000 versus $2,530,000 for the year ended November 30, 2021.

BAB, Inc. Reports Year-ended 11/30/21 Results

Retrieved on: 
Wednesday, February 9, 2022
BABB, GLOBE, BAB, Income, Paycheck Protection Program, Money market fund, Tax, Big Apple, OTCQB, Marketing, Animal, COVID-19

Income from operations for fiscal 2021 is $542,000 compared to $233,000 in 2020.

Key Points: 
  • Income from operations for fiscal 2021 is $542,000 compared to $233,000 in 2020.
  • The tax provision expense was $119,000 for the year ended November 30, 2021 compared to $300,000 for the year ended November 30, 2020.
  • Total operating expenses for the year ended November 30, 2021, were $2,530,000 versus $2,138,000 for the year ended November 30, 2020.
  • The Companys stock is traded on the OTCQB under the symbol BABB and its web site can be visited at www.babcorp.com .

MatchPoint Connection Establishes NIL Marketing Fund as the Compliant Solution to Risky Collectives

Retrieved on: 
Tuesday, January 18, 2022
Licensing (Sports), Other Sports, Sports, Consulting, Marketing, Communications, Professional Services, Football, University, Education, Technology, Save the Tiger Fund, Fund, NCAA, Documentation, NIL, Money market fund, Athlete, Inflection point, Industry, Louisiana State University, Marketing, Compliance, LSU, University, Online gambling, Tutoring

By partnering with businesses and athletes, MatchPoint is building the first named Marketing Fund for LSU student-athletes, called the Tiger Fund.

Key Points: 
  • By partnering with businesses and athletes, MatchPoint is building the first named Marketing Fund for LSU student-athletes, called the Tiger Fund.
  • MatchPoints Marketing Fund allocates large marketing spends for NIL deals on behalf of its clients.
  • We are thrilled to launch the first Marketing Fund through our innovative platform, MatchPoint CEO/President Brian Oliver said.
  • To get involved in the MatchPoint Marketing Fund, contact [email protected]
    View source version on businesswire.com: https://www.businesswire.com/news/home/20220118006008/en/

KryptoDEX Launches on Cronos

Retrieved on: 
Wednesday, November 24, 2021
WETH, Non-fungible token, UI, Airdrop, Time, Domain Developers Fund, Marketing, KRX, Program, FTM, Money market fund, BNB, Celo, UTC, Efficiency, NFT, WBTC, Ecosystem, DEX, PLX, Treasury, Rest, CLX, Cryptocurrency, Online shopping

KryptoDEX will aggregate CronaSwap and VVS.finance at the beginning and will expand further to other DEXes at Cronos.

Key Points: 
  • KryptoDEX will aggregate CronaSwap and VVS.finance at the beginning and will expand further to other DEXes at Cronos.
  • With the expansion to Cronos, KryptoLAUNCH will help all good potential projects to launch on Cronos while allowing users from other chains to join with ease.
  • KryptoVAULT will provide investors the powerful tool on Cronos with automatic high compounding interest rates on their liquidity.
  • KryptoDEX has announced its first distribution program for the next year to build up initial liquidity.

BAB, Inc. Reports Results for 3RD Quarter FY 2021

Retrieved on: 
Thursday, October 7, 2021
BABB, Private Securities Litigation Reform Act, Income, Money market fund, BAB, COVID-19, GLOBE, Marketing, SEC, Big Apple, Restaurant, CARES Act, OTCQB, Animal

DEERFIELD, Ill., Oct. 07, 2021 (GLOBE NEWSWIRE) -- BAB, Inc. (OTCQB: BABB), announced its financial results for the third quarter ended August 31, 2021.

Key Points: 
  • DEERFIELD, Ill., Oct. 07, 2021 (GLOBE NEWSWIRE) -- BAB, Inc. (OTCQB: BABB), announced its financial results for the third quarter ended August 31, 2021.
  • Net income in 2021 includes $228,155 of non-taxable loan forgiveness from the Payroll Protection Program loan enacted under the CARES Act in 2020.
  • Total operating expenses for the quarter ended August 31, 2021, were $591,000, versus $521,000, in 2020.
  • Total operating expenses for the nine months ended August 31, 2021 were $1,803,000 versus $1,582,000 for the nine months ended August 31, 2020.

ICD Data Shows No "Run" on Prime Money Market Funds Last March

Retrieved on: 
Thursday, April 22, 2021
International Classification of Diseases, Psychopathology, World Health Organization, Money market fund, Money market, Branches of biology, Medical specialties, Economy

ICD provided trading insights to the SEC\'s Request for Comment on Potential Money Market Fund Reform Measures in President\'s Working Group Report (PWG) File No.

Key Points: 
  • ICD provided trading insights to the SEC\'s Request for Comment on Potential Money Market Fund Reform Measures in President\'s Working Group Report (PWG) File No.
  • S7-01-21 earlier this month.\nAccording to ICD Data analysis of 378 companies trading prime money market funds (MMFs) on ICD Portal between March 2 and April 8 of 2020, outflows were spread evenly over a five business-day period from March 13-19 last year.
  • ICD serves over 400 treasury organizations, across 65 industries and 43 countries.\nTo read ICD\'s full comment letter, visit ICD Resources .
  • For more information about ICD Portal, visit www.icdportal.com or contact [email protected] .\nICD is treasury\'s trusted, independent portal provider of money market funds and other short-term investments.

ESMA consults on the framework for EU Money Market Funds

Retrieved on: 
Saturday, March 27, 2021
European Union, Financial markets, Money market fund, Subprime mortgage crisis, Finance, European Securities and Markets Authority, Government agencies

26 March 2021

Key Points: 
  • 26 March 2021

    Fund Management

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, today launches a consultation on potential reforms of the EU Money Market Funds Regulation (MMFR).

  • ESMA aims to review the stress experienced by MMFs during the March 2020 crisis and assess the roles played by markets, investors and regulation, and proposes potential reforms.
  • Proposed MMF reforms

    ESMA sets out four types of potential reforms for MMFs:

    Steven Maijoor, Chair, said:

    The COVID-19 crisis has been challenging for MMFs.

  • A number of EU MMFs faced significant liquidity issues during March 2020, a period of acute stress, with large redemptions from investors and a severe deterioration in the liquidity of money market instruments.

ESMA consults on the framework for EU Money Market Funds

Retrieved on: 
Friday, March 26, 2021
European Union, Financial markets, Money market fund, Subprime mortgage crisis, Finance, European Securities and Markets Authority, Government agencies

26 March 2021

Key Points: 
  • 26 March 2021

    Fund Management

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, today launches a consultation on potential reforms of the EU Money Market Funds Regulation (MMFR).

  • ESMA aims to review the stress experienced by MMFs during the March 2020 crisis and assess the roles played by markets, investors and regulation, and proposes potential reforms.
  • Proposed MMF reforms

    ESMA sets out four types of potential reforms for MMFs:

    Steven Maijoor, Chair, said:

    The COVID-19 crisis has been challenging for MMFs.

  • A number of EU MMFs faced significant liquidity issues during March 2020, a period of acute stress, with large redemptions from investors and a severe deterioration in the liquidity of money market instruments.