Treasury Today: A new alternative to bank deposits and MMFs
A Treasury Today feature on Kevin Cook's case for short-term cash products as the first genuinely new product in cash management since money market funds emerged in the 1970s.
The short-term space for corporate treasurers is quite limited; the effort required to move beyond bank deposits and MMFs sees to that. But a new platform aims to bring a few more colors to the palette.
Innovation in the short-term space, for corporates at least, is rare. That’s why, for treasurers, the idea of a short-term cash product is one that will surely have eluded most. In fact, until June 2018 short-term cash products didn’t even exist, says Kevin Cook, CEO and co-founder of TreasurySpring.
By establishing “simple, transparent and standardized exposure to a new universe of single-name, investment grade money-market investments”, he believes short-term cash products represent the first material new product innovation in the cash management space since money market funds (MMFs) were developed in the 1970s. It’s a bold claim.
Read more at Treasury Today
TreasurySpring’s blogs and commentaries are provided for general information purposes only, and do not constitute legal, investment or other advice.
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