Money Market: -

The money market is a component of the financial markets for assets involved in short-term
borrowing and lending with original maturities of one year or shorter time frames.

OR

“The money market is a component of the financial markets for assets involved in short-term
borrowing and lending with original maturities of one year or shorter time frames. Trading in the
money markets involves Treasury bills, commercial paper, bankers' acceptances, certificates of
deposit, federal funds, and short-lived mortgage- and asset-backed securities. It provides
liquidity funding for the global financial system.”

Call money market: -

Market in which brokers and dealers borrow money to satisfy their credit needs, either to finance
their own inventory of securities or to cover their customers' margin accounts.

Interbank deposit Market: -

Commercial Bills: -

Also known as trade bills, IOUs issued by companies (usually medium sized) and usually
guaranteed ('accepted') by a bank. They pay no interest and hence are issued at a discount to
nominal value. They have varying maturities.
Certificate of Deposit: -

A certificate of deposit or CD is a time deposit, a financial product commonly offered to

consumers by banks, thrift institutions, and credit unions.

Commercial Paper: -

An unsecured and unregistered short-term obligation issued by an institutional borrower to

investors who have temporarily idle cash.

OR

In the global money market, commercial paper is an unsecured promissory note with a fixed
maturity of 1 to 270 days.

Treasury bill: -

A short-term obligation that is not interest-bearing (it is purchased at a discount); can be traded
on a discount basis for 91 days.

OR

A government obligation sold at a discount, maturing in one year or less, and pays no interest
prior to maturity.

Floating Rate: -

A floating exchange rate or fluctuating exchange rate is a type of exchange rate regime wherein a
currency's value is allowed to fluctuate according to the foreign exchange market. A currency
that uses a floating exchange rate is known as a floating currency.

OR
Refers to the condition whereby exchange rates are relatively free to change. It can also refer to
an interest rate which changes relatively quickly or frequently.

OR

A rate that will change as interest rates change.

OR

An interest rate that is not fixed and which changes according to fluctuations in the market.

Repos: -

A Repurchase agreement (also known as a repo or Sale and Repurchase Agreement) allows a borrower to
use a financial security as collateral for a cash loan at a fixed rate of interest.

OR

The rate at which the Reserve Bank lends to commercial banks.

Credit Rating: -

A credit rating estimates the credit worthiness of an individual, corporation, or even a country. It
is an evaluation made by credit bureaus of a borrower’s overall credit history.

CRISIL: -

Credit Rating and Information Services of India Ltd. (CRISIL) is India's leading Ratings,
Research, Risk and Policy Advisory Company.
ICRA: -

Acronym for Internet Content Rating Association. The ICRA reviews online content and assigns
ratings according to the type of content.

CARE: -

CARE is one of the largest international development and humanitarian organizations in the world, with
programmes in over 70 countries. The CARE International Secretariat is located in Geneva, Switzerland.

ONICRA: -

Onicra Credit Rating Agency is an individual rating agency in India. It is affiliated to the National Small
Industries Corporation Ltd. (NSIC), and the National Association of Profesional Background Screening
(NAPBS).

International Rating Agencies: -

OFHI: -