To get higher returns, you have to take on a higher level of risk. But for many investors, a volatile market is too much exposure so they turn to the money market as an alternative to higher-risk investments. The money market is used extensively by large institutions and government to manage their short-term cash needs, but also individual investors have access to the market through a variety of different securities.
Cash awaiting investment both for private clients and institutions is an area where fund managers have to be financially aware. They may turn to money brokers or the banks themselves to obtain the best rates for placing term deposits or obtaining term loans. They then have to manage this cash based on events, projections and client needs going forward. There may be risks involved in placing all the money in one bank but managing this is a core part of the wealth manager’s role, and they have to be astute to that risk. The manager needs a system to control and report on these areas as and when the need arises.
rhymeSIGHT’s Money Market module is an addition to the rhymeSIGHT Banking module, where both deposits and loans can be managed as a separate entity for individual clients. As standard within the rhymeSIGHT solution, Money Market is a multi currency facility.
Features
- Rich investment desk
- Full asset servicing back office
- Operational compliance
- Integrated regulatory, client and management reporting
- Enterprise wide workflow portal
- Full business process control