Why are only 2a-7 money market mutual funds eligible to sell assets to the PSPVs?
The MMIFF is designed in large part to provide liquidity to money market mutual funds. The Federal Reserve’s decision to establish the MMIFF hinges importantly on the key role money market mutual funds play as a source of short-term credit for financial and nonfinancial corporations. Other types of U.S. money market investors may become eligible investors over time.
