State Street has improved its services for money market funds to help advisors comply with new amendments to the SEC's Rule 2a-7 regulations governing money market funds. These new capabilities should help funds to manage new liquidity, maturity and credit quality guidelines for disclosure and reporting.The new capabilities include new weighted average life calculations and a monthly portfolio of investment statements and data. State Street will also aggregate data to prepare the new Form N-MFP for SEC filing on a monthly basis. The stress tests detail fund performance in response to hypothetical market scenarios, supplying fund managers with the analytical information necessary to assess a fund's ability to maintain a stable NAV.
