Money Market Debt Register Claims (MMDRC)

Money market debt register claims or MMDRCs (German: Geldmarkt-Buchforderungen or GMBF, French: Créances comptables à court terme or CCCT) are debt certificates which are issued by the Swiss federal government. Interest is paid out to investors who lend the government money through MMDRCs at a fixed rate.

Unlike government bonds, loans received by the government through MMDRCs are not converted into securities, but are simply recorded as debt obligations in a ledger. MMDRCs can be traded much like securities.

See also: Public Bond

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