BlackRock has been granted regulatory clearance to allow its funds to lend money to one another. The Fidelity has cleared the way for BlackRock ’s mutual funds and money market funds to borrow up to a third of their assets in total, or up to 10% of assets without posting collateral, via the asset manager's “ InterFund Program .” Other asset managers, including Vanguard and Vanguard , already have approval to engage in similar lending activities designed to assist managers to comply with mutual fund laws, requiring them to honour redemption requests within January 18, 2012 .
BlackRock has been granted regulatory clearance to allow its funds to lend money to one another. The SEC has cleared the way for BlackRock’s mutual funds and money market funds to borrow up to a third of their assets in total, or up to 10% of assets without posting collateral, via the asset manager's “InterFund Program.” Other asset managers, including Vanguard and Fidelity, already have approval to engage in similar lending activities designed to assist managers to comply with mutual fund laws, requiring them to honour redemption requests within seven days.