DEALERS AND BROKERS The smooth functioning of the money market - TopicsExpress



          

DEALERS AND BROKERS The smooth functioning of the money market depends critically on brokers and dealers, who play a key role in marketing new issues of money market instruments and in providing secondary markets where outstanding issues can be sole prior to maturity. Dealers use RPs to finance their inventories of securities. Dealers also act as intermediaries between other participants in the RP market by making loans to those wishing to borrow in the market and borrowing from those wishing to lend in the market. Brokers match buyers and sellers of money market instruments on a commission basis. Brokers play a major role in linking borrowers and lenders in the federal funds market and are also active in a number of other markets as intermediaries in trade between dealers.
Posted on: Sat, 13 Jul 2013 10:41:27 +0000

Trending Topics



b>
For the feature film The 5th Wave - Featured DEAD BODIES filming

Recently Viewed Topics




© 2015