Definition: Money market funds (MMFs) (sub-sector)

Category: European System of Accounts (ESA)

All  financial  corporations  and  quasi-corporations, except  those  classified  in  the  central  bank  and  in  the  credit  institutions  subsectors, which  are  principally  engaged  in  financial  intermediation.  Their  business is to issue investment fund shares or units as  close  substitutes  for  deposits  from  institutional  units, and, for their own account, to make investments  primarily  in  money  market  fund  shares/units, short-term debt securities, and/or deposits. http://ec.europa.eu/eurostat/product?code=KS-02-13-269&mode=view European Union, Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013 on the European system of national and regional accounts in the European Union, Official Journal of the European Union No L 174, 26.06.2013, p. 1 - 727