Retail scheme borrowing is limited to temporary redemption liquidity, subject to asset-based caps and a maximum duration. Borrowing by retail schemes is permitted only for temporary liquidity needs connected with redemption. The borrowing must not exceed twenty per cent of ... Summary
Retail scheme borrowing is limited to temporary redemption liquidity, subject to asset-based caps and a maximum duration.
Borrowing by retail schemes is permitted only for temporary liquidity needs connected with redemption. The borrowing must not exceed twenty per cent of the scheme's assets under management and cannot remain outstanding for more than six months.
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