Your governing body must pass an ordinance or a resolution authorizing participation in IMET, then complete an IMET Account Application Form. Return the form and establish an account with an initial investment of $50,000 or more for the 1-3 Year Fund or an initial investment of $25,000 or more for the Convenience Fund.
Q:
How do I close an Account?
A:
To close an IMET account or bring the balance of an account to a 'zero balance', the participant places a call to the operations desk with the redemption instructions and informs operations to include all accrued earnings in order 'zero' the account.
Q:
What types of agencies make up the majority of IMET's investors?
A:
The great majority of our investors are Municipalities with Pension Funds being our second largest group of investors.