Status: You are viewing the version of the handbook as on 2016-10-03.

weighted average maturity

    21(in accordance with the definitions section in CESR's guidelines on a common definition of European money market funds) a measure of the average length of time to maturity of all of the underlying securities in a fund weighted to reflect the relative holdings in each instrument, assuming that the maturity of a floating rate instrument is the time remaining until the next interest rate reset to the money market rate, rather than the time remaining before the principal value of the security must be repaid.