(11)

‘public debt constant net asset value MMF’ or ‘public debt CNAV MMF’ means an MMF: that seeks to maintain an unchanging net asset value (NAV) per unit or share; where the income in the fund is accrued daily and can either be paid out to the investor or used to purchase more units or shares in the fund; where assets are generally valued according to the amortised cost method and where the NAV is rounded to the nearest percentage point or its equivalent in currency terms; and that invests at least 99,5 % of its assets in instruments referred to in Article 17(7), reverse repurchase agreements secured with government debt referred to in Article 17(7) and in cash;

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Source: EUR-Lex (Cellar) · retrieved 2026-10-30 · Text as adopted (Official Journal); later amendments are not incorporated in this text.