Author Archives: Dr. Guru Raghavan
‘Fair play’ by credit rating agencies is the need of the hour
In the recently held G20 deliberations, there was a call for ending what is called mechanistic reliance on credit rating agencies and encouraging transparency and competition among them.
The debate on credit rating agencies is increasingly becoming...
OTC Derivatives Products – An overview
The expression ‘over the counter – OTC’ can be used to mean financial instruments that are traded between counterparties (dealers) either directly or through broker network. This operation is different from operations in centralized exchanges...
What needs to be done to arrest the falling Indian Rupee?
In every country prices are expressed in units of its currency. The value of the currency itself however can be judged only against an external reference. This reference, the exchange rate, thus becomes the fundamental price in any economy.
Exchange...
Australian money markets – An introduction
Do you know Australian Dollar is the third most traded currency in the world in 2012? In 2010 it was the fifth most traded currency in the world – behind US Dollar, Euro, Japanese Yen and Pound Sterling.
Australian Dollar is the favourite...
Structure of Money markets in India
Before getting into the topic straight away, let us revisit some of the basic features of money markets.
There is no precise definition of the money markets but the phrase is usually applied to buying and selling of debt instruments maturing...
Money Markets in United States of America
The term money market refers to the net work of corporations, financial institutions, investors and governments which deal with flow of short term capital. The money markets have expanded very vastly in the last two decades mainly on account...
Need to revisit ‘trade repositories’ our new financial markets infrastructure
No one knows exactly what the problems afflicting financial markets today. Hence, we should not be in a hurry to fix solutions beforehand and create new institutions / intermediaries / infrastructures just to make things comfortable, desirable...
Demystifying some elements of Pensions and Pension Plans
Pension is a regular payment made during a person’s retirement from an investment fund to which that person or their employer has contributed in the work life period of the person.
Typically pension fund system has four basic characteristics...
Current trends in Structured Products markets
Structured products are customized to meet specific needs that cannot be met from the standard products available in the markets and a large number of them are derivative products. They are highly multifaceted and interlinked and hence carry...
Current Trends in Equity Derivatives Market Place
Equity Derivatives fall into following four categories
Flow derivatives – vanilla, listed and OTC options, variance, futures and synthetic futures, convertibles
Delta 1 – Single Stock, Sector Swaps, ETFs, Pnotes
Exotics
Convertibles
An...
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