SEMINAR ON MONEY MARKET INSTRUMENTS

Contents
INTRODUCTION
INSTRUMENTS OF MONEY MARKET
A. OLD INSTRUMENTS
B. NEW INSTRUMENTS
LATEST INSTRUMENTS
NEED OF INSTRUMENTS
MAJOR PARTICIPANT OF INSTRUMENTS
CONCLUSION
REFERENCES

MEANING OF MONEY MARKET
As per RBI definitions," A market for short term financial asset that are close substitute for money, facilitates the exchange of money in primary and secondary market”
The money market is a mechanism that deals with lending and borrowing of short term funds (less than one year).
A It does not actually deal in cash or money but deals with substitute of cash like trade bills, promissory notes,& government papers which can converted into cash without any loss at low transaction cost.[/color]