Professional Documents
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Chap 3 - MM
Chap 3 - MM
At maturity:
bank buys back fin. instrument
Bank customer
bank payback $$$
(principal + interest)
Instruments of MM
NIDs
BAs
MGS
REPO
TBs
BNBs
Cagamas bonds & notes
Khazanah bonds
YIELD VS DISCOUNTED INSTRUMENTS