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How are investments in the Fund treated in the Financial Statements of investors?

April 26, 2017financial statements fund investments investors treated

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How are investments in the Fund treated in the Financial Statements of investors?

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Under International Accounting standards (IAS 7), investments in the Fund are treated as “cash equivalent”. A position statement outlining the rationale for this has been prepared by IMMFA (our industry trade body) and is available for download from our dedicated website: www.swip.com/liquidity under the “Literature” section. However, we recommend that you seek confirmation from your internal and/or external audit advisers.