NIC 6431—Activities of money market funds

Where 6431 sits

1. L Financial and insurance activities
2. 64 Financial service activities, except insurance and pension funding
3. 643 Activities of trusts, funds and similar financial entities
4. 6431 Activities of money market funds

Contains 1 narrower code

• 643100 Issuing of certificates of deposit, money market mutual funds, commercial paper and other activities of money market funds

What 6431 includes

• This class includes activities of money market funds, i.e., collective investment schemes that raise funds by issuing shares or units to the public, of which the proceeds are invested primarily in short-term assets, i.e., assets with a remaining maturity of 1 year or less. Their units may be regarded as close substitutes for deposits.

What 6431 excludes

• Activities of non-money market investment funds, see 6432

6431 in other systems