MONEY MARKET ACCOUNT EXTRA - MMAX
An account structure that gives depositors the capacity to acquire FDIC insurance on huge deposits that exceeded the insurance limit of $250,000. It lets banks to attract large depositors including the retail, commercial, and public sectors.
By using this program, banks can receive deposits way above the FDIC-insurance limit from any one retail or commercial client in money market deposits. These funds are allocated into deposit accounts among several banks in IDC’s Deposit Network. No customer can deposit more than $250,000 in any bank.
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Fourth Market
The trading of exchange-listed securities between institutions on a private over-the-counter computer network, rather than over a famous exchange s ...
Audit Department
A unit inside a company which is responsible for monitoring the procedures and accuracy of accounting functions and recording keeping within the co ...
Declaration Date
The date on which the next dividend payment is announced by the directors of a company. This statement includes the dividend's size, ex-dividen ...
Average Effective Maturity
It is a more accurate way to get the feel of the exposure of a single bond. In this case, a simple average can be a very misleading measure because ...
Hard Stop
A price level that if reached will trigger an order to sell an underlying security. Hard stops are set at a constant price and are inherently good ...
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 16:00 | Leading Index | Mar | |
| 00:45 | Trade Balance | Mar | |
| 07:00 | BOJ Core CPI | Mar | |
| 14:30 | Industrial Product Price Index | Mar | |
| 14:30 | Raw Materials Price Index | Mar | |
| 15:30 | FOMC Member Patrick T. Harker Speaks | ||
| 16:00 | Consumer Confidence | Apr | |
| 16:00 | Richmond Fed Manufacturing Index | Apr | |
| 19:40 | FOMC Member Neel Kashkari Speaks |
