Liquidity Services Money Market Fund Reform

Preparing for Money Market Fund Reform

Liquidity Services

As you assess the impact of money market fund reform on your organization, explore the resources listed on this page. Please contact us if you have any questions.

Getting Ready for Money Market Reform

Through BNY Mellon’s Liquidity DIRECTSM portal, our clients can purchase and redeem a wide array of highly-rated money market mutual funds. Read about the new features we are adding to Liquidity DIRECTSM and the operational changes you need to be aware of including handling of Floating NAV (FNAV) funds, fees and gates.

Money Market Fund Strike Times and How They Will Work

Based on the timings anticipated and published by the fund providers, prices will be assigned 1.5 – 2 hours after strike price times. The following timeline example reflects the expected post money market reform sequence of events when an investor trades in a Floating NAV fund offering 8:00 AM, 12:00 PM, and 3:00 PM strike prices1.

1 Number of strike times and actual strike times are fund dependent. Timeline for illustrative purposes only.

2 LD = BNY Mellon’s Liquidity DIRECTSM portal


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Understanding a Changing Liquidity Landscape

Sam Schwartzman, Global Head of IMG Cash Solutions BNY Mellon Markets
The 2016 liquidity space is going through a sea change due to a myriad of market and regulatory forces, especially those surrounding short-term products. Here is what investors should know to stay a step ahead.

BNY Mellon Markets’ focus is to provide expertise and solutions that help clients manage risk, address liquidity needs and drive performance. We are working closely with our clients as the industry moves toward implementing regulatory reforms. How can we help you?

BNY Mellon Capital Markets, LLC is a registered broker-dealer, is a member of FINRA and SIPC and is a wholly owned subsidiary of BNY Mellon.

Liquidity Services (except for safekeep margin balances) are not being offered and not available in Japan currently.

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