money market instruments definition

Money Market Instruments in India

Money Market Instruments in India RBI allowed the issue of CPs in 1989. The CP is a short-term negotiable instrument, consisting of usance primary notes with a fixed maturity, indicating the short-term obligation of an issuer. Companies as a means of raising the short-term debt issue it. It is issued at a discount to face value basis but can also be issued in interest-bearing form. The issuer prom...

Money Market Definition

Money Market Definition The money market is a market for overnight to short-term money, and for a short-term fund and the financial asset that are close substitutes for money Short term in Indian context means a period up to one year. Close substitute for money means any financial asset, which can be quickly converted into money. The major participants in this market are the commercial banks, the ...

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