PayPal customers' cash exposed to illiquid assets

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PayPal customers' cash exposed to illiquid assets

12-03-2007, 11:04 AM,

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mandy Offline

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PayPal customers' cash exposed to illiquid assets

Quote:Illiquid assets in a portfolio investing the cash of eBay Inc customers surged 39 percent in the third quarter, exposing them to a larger chunk of troubled corporate debt, U.S. regulatory filings show.

The money market fund of PayPal, eBay's online pay service, invests cash parked by Internet shoppers in a portfolio that holds $1.63 billion in illiquid assets, or 5.5 percent of total holdings, according to the filings. That's up from $1.17 billion, or 4.6 percent of holdings, in the second quarter...

full article: http://biz.yahoo.com/rb/071130/ebay_payp....html?.v=1

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