Moneymarket:isafinancialmarketinwhichonlyshort-termdebtinstrument(maturityoflessoneyear)aretraded(notes,bonds,certificates,mortgages,leases).Characteristicsofmoneymarketinstruments •Soldinlargedenomination •Thefinancialinstrumentsmatureinoneyear(mostinstrumentmatureinlessthan120days);•havelowdefaultrisk;Typesof...
NASDAQ ¨概念:卖空(short sale) market order limit order stop order 保证金(margin) short position long position broker dealer specialist 6/28/2022 6 金融市场的定义和分类 6/28/2022 7 金融市场的工具 货币市场工具 – 短期国债(treasury bill, T-bill):discount security – 大额可转...
E.g.Mortgageinterestrates抵押贷款利率Carloanrates汽车贷款利率1.2TheBondMarketandInterestRates1.3TheStockMarketStock(P3)representsashareofownershipinacorporation.Itisasecuritythatisaclaimontheearningsandassetsofthecorporation.股票代表公司的所有权,是对公司收益和资产的索取权。Issuingstockandsellingittothepublicisaway...
Calculatethepresentvalueoffuturecashflowsandtheyieldtomaturityonthefourtypesofcreditmarketinstruments. Recognizethedistinctionsamongyieldtomaturity,currentyield,rateofreturn,andrateofcapitalgain. Interpretthedistinctionbetweenrealandnominalinterestrates.Part1InterestRateandClassificationofInterestRate1.1InterestRateInterest...
(Capital Ideas – The Improbable Origins of Modern Wall Street) 1970-1985 1970-1996 IV Tools to Help Solve Adverse Selection (Lemons) Problem Summary: Asymmetric Information Problems and Tools to Solve Them 货币市场工具 基金份额,帐户可以有限制地签支票 货币市场共同基金 Money market mutual funds ...
货币金融学financialmarketandinstitutions-米什金-英文CH11原版.ppt,Money Market Instruments: Treasury Bills Mini-Case: Treasury Bill Auctions Go Haywire In 1991, Salomon Smith Barney violated Treasury auction rules to corner the auction on an $11 billion i
3、PHLX现货期权(option on spot) 1)合约的大小; 2)到期日及最后交易日; 3)报价 4、IMM期货期权 1984年1月开始交易。 1)合约大小 与IMM期货合约大小相同; 2)美式期权 3)到期日及最后交易日 在任何时点,交易中的IMM期货期权通常有三个到期月,即最靠近现在时点的连续三个月。 由于期货期权的标的资产是IMM...
ChapterOrganisation 1.11.21.31.41.51.61.7IntroductionFunctionsoftheFinancialSystemFinancialInstrumentsFinancialMarketsImpactofGlobalisationFinancialInstitutionsSummary Copyright2003McGraw-HillAustraliaPtyLtdPPTst/aFinancialAccountingbyWillisSlidespreparedbyKayeWatson 5 1.1Introduction •Money–Mediumofexchange交换...
6、d. If you are borrowing the banks money without their knowledge, you are raising serious ethical and legal questions.,28.4 Investing Idle Cash,A firm with surplus cash can park it in the money market. Some large firms and many small ones use money market mutual funds. Firms have surplus...
米什金《货币金融学-英文第12版》PPT-第二章-金融体系概览(上)Finance