Money market instruments are issued and traded in a short-term, fast-moving market, which plays an important role in international financing. Because money market instruments are used primarily by professional investors, their characteristics and their market procedures are not very well known. This course describes various money market instruments and the ways in which they are issued, traded and settled.
Types and characteristics of money market instruments
Size and segmentation of money markets
Primary market and secondary market operations
Discounted vs. interest-paying money market instruments
Characteristics and market practice for commercial paper, certificates of deposit and treasury bills
Other types of money market instruments
Calculating interest on money market instruments
Money market instruments and risk
1 day for up to 12 participants
Financial service professionals who want to have a good understanding of money market instruments.