Suez Canal Bank Money Market Fund (Al Suez Al youmi)
Provide a saving and investment pool that provide cumulated daily return on the invested cash.
Target Fund Size:250,000,000 EGP
Par Value per Certificate:10 L.E (Subscription and redemption daily until 12 p.m.)
Minimum subscription:100 certificate (No Subscription/Redemptions fees)
The most important features:
This fund offers a unique investment mix especially for cash management as it offers: liquidity (daily subscriptions and redemptions).
Daily return on the overall outstanding balance.
This fund is for both individuals and companies.