To provide a link to detail documentation of CS Lucas accounting treatments for Money Market Instruments.
WHY IS THIS IMPORTANT?
Accounting for Money Market instruments can be complex and various alternative approaches are available. This document summarized the various alternatives and provide links showing detail journals and computation.
ABOUT MONEY MARKET INSTRUMENTS
Money Market transactions are characterised at investment or borrowing of a principal amount at the start and a redemption comprising full principal with interest on maturity. These transactions may be rolled over to new transactions or pre-terminated. On roll over, there may be partial uplift of principal amount; or top-up with additional principal amount.
LIST OF ACCOUNTING TREATMENTS – MONEY MARKET
|Money Market||Money Market Deposit at Average Rate||Click Here|
|Money Market Loan at Average Rate||Click Here|
|Money Market Loan Rollover – Partial||Click Here|
|Money Market Withholding Tax – Net||Click Here|
|Money Market Withholding Tax – Gross||Click Here|
|Money Market Loan Rollover – Full||Click Here|
|Money Market – Deposit – Negative Interest Rate||Click Here|
|Money Market – Loan – Negative Interest Rate||Click Here|
|Money Market Loan at Spot Rate||Click Here|
|Money Market Loan at Spot Rate – Alt||Click Here|
FREQUENTLY ASKED QUESTIONS