> For the complete documentation index, see [llms.txt](https://docs.xft.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.xft.finance/learn/flows/money-market-funds_archive.md).
# Money market funds\_archive
```
Purchase Process:
1. Institutional Client initiates Fedwire for purchase
2. Custodian receives Fedwire in clearing account
3. Global Cash Services creates case upon receipt of wire
4. TA (Transfer Agent) reconciles transaction with wired funds received
5. Treasury/Fund Accounting initiates wire from clearing to fund account
6. Custodian receives wire into fund account
Liquidation Process:
1. TA creates case for outgoing wire
2. Global Cash Services initiates wire to the client
3. Treasury/Fund Accounting initiates wire from fund account to clearing account
4. Custodian fund account wires to clearing account
5. Custodian clearing account wires to client
6. Institutional Client receives wire
```
Buying and selling
Income distribution
