1. Introduction to Money Markets

Demarcation: the action of fixing the boundary or limits of something ↩︎

Eurocurrency in this context has nothing to do with the European common currency (EUR) but is a often employed term to refer to international markets. In particular it refers to borrowing and lending in a currency outside of the borders to whom the currency belongs. For instance, a HKD deposit that is traded between two banks in London. ↩︎

Paper and other terms: Another term that may be used to refer to some money market instruments is bills of exchange ↩︎

Reason for using days: the exact number of days is required to calculate the interest payable to the lender ↩︎

Financial institution A business entity that provides service as an intermediary for different types of financial monetary transactions ↩︎

Investment banks, underwriters, and other different types of financial entities managing investments ↩︎

Banks, building societies, credit unions, trust companies, and mortgage brokers ↩︎

Insurance companies and pension funds ↩︎

Central banks and municipalities in some jurisdictions ↩︎