> Cash and cash equivalents refers to the line item on the balance sheet that reports the value of a company's assets that are cash or can be converted into cash immediately.
> Cash equivalents include bank accounts and marketable securities such as commercial paper and short-term government bonds.
> Cash equivalents should have maturities of three months or less.
Don't know specifics on FTX/Alameda but this is probably normal to a degree for banks/brokers or just any regular business?
> Cash and cash equivalents refers to the line item on the balance sheet that reports the value of a company's assets that are cash or can be converted into cash immediately.
> Cash equivalents include bank accounts and marketable securities such as commercial paper and short-term government bonds.
> Cash equivalents should have maturities of three months or less.
Don't know specifics on FTX/Alameda but this is probably normal to a degree for banks/brokers or just any regular business?