Through the money market operations, corporations & financial intermediaries are able to manage their financial affairs more efficiently & economize their money holdings.Idle funds can be used by those who need them for business or production. MONEY MARKET IN THE PHILIPPINES -the introduction by the Central Bank of the Treasury Bill Market & the consequent organization of the National Association of Government Securities Dealers (NAGSD) in 1966 marked the formal beginning of money market in the Philippines.In 1965 an Investment bank, together with 43 companies,organized the first inter-company submarket in the country. -the money market is a market of short-term funds. There are three principal participants in the money market: the seller, borrower or issuer of short-term financial instrument, the buyer or lender, & the dealer or broker who acts as an intermediary.
Posted on: Sun, 06 Oct 2013 12:02:48 +0000
Trending Topics
Recently Viewed Topics
© 2015