A relatively low-risk short-term form of borrowing, typically maturing in 60 days or less in the U.S, often used by large creditworthy institutions as a substitute for Treasury bills, certificates of deposit, and similar instruments.
Financial futures are futures contracts based on a financial instrument. These contracts generally move inversely with interest rates.
The International Monetary Market (IMM) is a division of the Chicago Mercantile Exchange that specializes in trading futures contracts on various financial instruments including U.S. Treasury bills, foreign currency, certificates of deposit, and Eurodollar deposits.
A Money Market Fund is an open-ended mutual fund that invests in short-term, highly liquid and safe securities, providing investors with money market rates of interest. The net asset value generally remains constant at $1 per share, while the interest rate varies.
