Money Market (FC – III)
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SYBFM — SEMESTER – III
Author: Sanchita Roy
FIFTH REVISED EDITION 2022
Description
SYLLABUS
| No. | Modules / Units |
| 1 | Introduction to Money Markets: |
| ¨ Meaning of Money Market, Features of Money Market, Importance of Money Market, Role of Primary Dealers in Money Market, Development of Trade and Industry, Development of Capital Market. Smooth Functioning of Commercial Banks. Effective Central Bank Control. Formulation of Suitable Monetary Policy. Source of Finance to Government. | |
| 2 | Regulatory Framework of Money Markets: |
| ¨ Regulatory Framework of RBI, FIMMDA (Fixed Income, Money Market and Derivatives Association) and Foreign Exchange Dealers Association of India (FEDAI), conDS, NDS-OM. | |
| 3 | Money Market Instruments: |
| ¨ Conventional: Treasury Bills, Money at Call and Short Notice in the Call Loan Market, Commercial Bills, Promissory Notes in the Bill Market.
¨ Modern: Commercial Papers, Certificate of Deposit, Inter-bank Participation Certificates, Repo Instrument, Banker’s Acceptance. |
|
| ¨ Money Market Mutual Fund: Meaning, Advantages and Disadvantages, Regulatory Framework for Money Market Mutual Funds, various Money Market Funds Operational in Indian Market. | |
| 4 | Recent Developments in Money Market: |
| ¨ Integration of Unorganised Sector with the Organised Sector, Widening of Call Money Market, Introduction of Innovative Instrument, Offering of Market Rates of Interest, Promotion of Bill Culture, Entry of Money Market Mutual Funds, Setting up of Credit Rating Agencies, Adoption of Suitable Monetary Policy, Establishment of DFHI, Setting up of Security Trading Corporation of India Ltd. (STCI). |
