most funds adopt t+1 or t+2 redemption system to stabilize market transactions, while some funds provide T+ quick redemption service, and fund companies advance funds to realize T+ redemption, usually out of their own pockets or applying for credit lines from banks, and bear the cost of overnight rate.

The regulatory authorities recognized the quick redemption of money market funds and the compliance of managers or other relevant institutions in providing advance payment services in the quick redemption business.

however, the notice issued by the regulatory authorities requires the institution to sort out the products that provide T+ quick redemption service, design a stress test plan according to its own situation, and establish an appropriate model to evaluate the liquidity and financial pressure of its T+ quick redemption service products.