Fixed Income Markets - Debt and Bond Markets
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Indian Economy and Indian Financial System — JAIIB.
One-liners from this chapter
Free sample — 8 of 125 rapid-fire Q&A cards.
Finance fiscal deficit (Central / State governments)?
Predictable income stream (pensioners, retirees, insurers)
Bridge temporary cash mismatches (CMBs)?
Lower volatility than equity
Long-tenor infra capex (PSUs, NBFCs)?
Capital preservation (sovereign / AAA paper)
Working capital top-up (corporates)?
Asset-liability management (banks, insurers)
Capital adequacy (banks — AT1, Tier 2 under Basel III)?
SLR / IRDAI / PFRDA mandatory investment categories
Treasury Bills (T-Bills) — Issuer / Tenor / Coupon / Key Feature?
Issuer: RBI for GoI; Tenor: 91 / 182 / 364 days; Coupon: Zero-coupon (discount); Key Feature: Money-market; SLR-eligible
Cash Management Bills (CMBs) — Issuer / Tenor / Coupon / Key Feature?
Issuer: RBI for GoI; Tenor: < 91 days, flexible; Coupon: Zero-coupon (discount); Key Feature: Bridges cash mismatch; first issued 2010
Dated G-Secs — Issuer / Tenor / Coupon / Key Feature?
Issuer: RBI for GoI; Tenor: 5 to 40 years; Coupon: Fixed (semi-annual); Key Feature: Bulk of sovereign issuance
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