Finance

Treasury Bill A Treasury bill is principally an instrument of short-term borrowing by the Government maturing in less than one year. Treasury bills are issued…

The money market is a market for short-term funds which deals in monetary assets whose period of maturity is up to one year. These assets…

Financial markets play an important role in the allocation of scarce resources in an economy by performing the following four important functions. Mobilization of Savings…

Concepts of Financial Markets Banks and financial markets are opposing intermediaries in the financial structure, and give households a choice of where they want to…

The purpose of a financial exchange is to facilitate trading in the securities for which it was created, and this it does by establishing a…

Islamic bonds or finance is governed by Islamic rules and principles (Shariah) which, inter alia, prohibit the payment of interest (Riba). Shariah also forbids the…

A number of so-called retail bonds exist in a number of countries of the world. As the name suggests, they are bonds, i.e. have a…

Global bonds are bonds that are issued and traded in two or more markets but are denominated in the currency of one of the markets. This…

Eurobonds are bonds that are issued in countries other than the country of the currency in which they are denominated. For example, the Kenyan government…

Foreign bonds are bonds issued by foreign entities (usually governments and parastatals) in local currency. They are foreign from the point of view of the…