Money market distribution where money market is linked to a portfolio instrument

In such instances the money market distribution will be a cash distribution.

No cash will be matched on the distribution. The distribution amount moves from the composed contract of the portfolio instrument to the distribution control account on the working portfolio and from there it gets distributed to the clients who have units in the money market linked to the portfolio instrument as cash in the relevant client account where the money market units are held.

If there is less cash in the composed contract than the distribution amount, the distribution will not be allocated and an error message will be displayed.

Units in the ‘Composed Investor Account’ will first need to be sold to ensure enough cash is available to cover the distribution amount after which the distribution can be allocated.

Last Updated on 2 years ago by Antoinette Van Meyeren