May 19th, 2015
Studypool Tutor
Abilene Christian University
Price: $25 USD

Tutor description

The first zero coupon products involving Treasury securities and having a maturity greater than one year were introduced in 1982 by Merrill Lynch and was known as Treasury Investment Growth Receipts or TIGRs

Word Count: 4684
Showing Page: 1/46
PRESENTATION ON INVESTMENT ADVISORYSERVICESDEBT MARKETByULTIMATE INVESTMENTSNurturingWealthWho are the key players in the debtand money markets in India?The above diagram provides a consolidated picture of the various players in the bond/money markets and the securities.ZCB: Zero Coupon Bond I/L bonds : Inflation linked bonds FRN : Floating rate notesWhat are Money Markets andmoney market instruments?Money markets are markets for debt instruments with amaturity up to one year.Money markets allow banks to manage their liquidity as wellas provide the central bank means to conduct its monetarypolicy.The most active part of the money market is the call moneymarket (i.e. market for overnight and term money betweenbanks and institutions) and the market for repotransactions. The former is in the form of loans and thelatter are sale and buy back agreements both areobviously not traded. The main traded instruments arecommercial papers (CPs), certificates of deposit (CDs) andtreasury bills (T-Bills).Commercial PaperA Commercial Paper is a short term unsecuredpromissory note issued by the raiser of debt tothe investor. In India corporates, primarydealers (PD), satellite dealers (SD) and financialinstitutions (FIs) can issue these notes.It is generally companies with very good ratingwhich are active in the CP market, though RBIpermits a minimum credit rating of Crisil-P2. Thetenure of CPs can be anything between 15 daysto one year, though

Review from student

Studypool Student
" Goes above and beyond expectations ! "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1827 tutors are online

Other Documents


Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors