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Lecture Retail and merchant banking – Lecture 8

After studying this chapter you will be able to understand: Money market and financial services, what are the important instruments of Pakistan money market? Call/notice money market, inter bank transfer money, treasury bills, certificates of deposits (CD), commercial papers. | Revise Lecture 8 Revise Lecture 8 Q1: Topic of lecture 8? Revise Lecture 8 Ans 1: Money Market and Financial Services Revise Lecture 8 Q2: What are the important instruments of Pakistan money market? Revise Lecture 8 Ans 2: Call / notice money market Inter bank transfer money Treasury bills Certificates of Deposits (CD) Commercial papers Revise Lecture 8 What is treasury bill? Treasury Bill A negotiable debt obligation issued by the government and backed by its full faith and credit, having a maturity of one year or less Exempt from government and local taxes. Lecture 9 Capital Market Capital Market The capital market is the market for securities, where companies and government can raise long-term funds. It is the market in which money is lent for period longer than a year. The capital market includes the stock market and the bond market Capital Market The capital markets consists of the; Primary market Secondary market Capital Market Primary market: The primary market are where NEW . | Revise Lecture 8 Revise Lecture 8 Q1: Topic of lecture 8? Revise Lecture 8 Ans 1: Money Market and Financial Services Revise Lecture 8 Q2: What are the important instruments of Pakistan money market? Revise Lecture 8 Ans 2: Call / notice money market Inter bank transfer money Treasury bills Certificates of Deposits (CD) Commercial papers Revise Lecture 8 What is treasury bill? Treasury Bill A negotiable debt obligation issued by the government and backed by its full faith and credit, having a maturity of one year or less Exempt from government and local taxes. Lecture 9 Capital Market Capital Market The capital market is the market for securities, where companies and government can raise long-term funds. It is the market in which money is lent for period longer than a year. The capital market includes the stock market and the bond market Capital Market The capital markets consists of the; Primary market Secondary market Capital Market Primary market: The primary market are where NEW shares and bonds issues are sold (underwriting) to investors. This is also called initial public offering (IPOs) Capital Market Secondary market The secondary market are where EXISTING shares are sold and bought from one investor or speculator to another, usually on an exchange. (e.g. London stock exchange, New York stock exchange) Capital Market Secondary market In Pakistan, the capital market includes (also known as equity market) An equity market, which consists of 3 stock exchanges KSE, LSE, ISE Capital Market Functional Responsibilities of Stock Exchanges Capital Market The major function of a stock exchange is assisting, regulating and controlling business in buying, selling and dealing in securities. Obviously, the stock exchange acts as a market for the purchase and sale of listed industrial and financial securities. Capital Market Merchant or Investment Banking: Capital Market Merchant or Investment Banking: Am Investment bank is a financial institution that raises capital, .