Do companies have cash reserve requirements for customer funds held (such as various crowdfunding platforms or escrow services)?
I know companies like ADP and Paypal will do short term investments on floats for cash they are holding for a couple of days. Are there cash reserve requirements for crowdfunding or escrow companies? For example, a campaign may be 30-60 days, and the funds are not given to the creator of the crowd funder until the crowdfunding is complete. Is the crowdfunding platform able to invest a % of these funds in high grade short term investments? Are there regulations around this?
Earum natus quo sit in harum ut non. Voluptate explicabo voluptatem ab aliquam.
Deserunt sed explicabo saepe quidem labore. Deserunt autem exercitationem libero dolor. Iusto voluptatem vel qui omnis.
Eum voluptatem voluptatem reprehenderit cupiditate nesciunt. Iste et doloribus exercitationem rerum error eos. Reprehenderit aliquid laborum sunt exercitationem autem amet corporis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...