Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Auction Technique
Auction is the most common method to sell Government Securities. Other methods include tap sales, syndication and book building process. Presently many countries do not allow the direct participation of all investors in an auction. Instead, they are permitted to participate in the auctions through authorized intermediaries like banks and Primary Dealers (PDs). Actually, the investor base that participates in the auction process is determined by the practical situation of the process and in some cases the controlled investor base determines the evenness in the auction techniques and combinations. Discriminatory price auction is one of the options due to which the investors keep away because of the winners curse. The disadvantage is that there is a danger of irresponsible bidding and uniform collusion.
One cannot say which is better: discriminatory or uniform price auction. A combination, that is, discriminatory auction with a ceiling can be considered as important in this context, as it reduces the winners curse.
Usually the central bank does not participate in auctions, but if the situation necessitates, it has to take part in the auctions without competing with other bidders. Sometimes the central bank is involved in buying Government Securities on its own and sometimes it is compelled to do so. In countries such as Indonesia and Peru, the laws eliminate the participation of central bank in primary auctions and in countries like Malaysia, Philippines and Hungary the central banks restrict themselves from participating in the primary market.
#
What is the matching principle of working capital financing? What are the advantages of following this principle? The matching principle is while short-term financing is employe
In structured products like mortgage-backed and assets-backed securities, the cash flows include both principal repayment and interest. The complication arises wh
Explain the conditions under which the forward exchange rate will be an unbiased predictor of the future spot exchange rate. Answer: the conditions when forward exchange rate
Calculate the price of Winnebago stock (Winnebago has no debt so this is the market value of the firm seperated by the number of common shares outstanding.) from the cashflows you
Max Z = 107x1+x2+2x3 Subject to 14x1+x2-6x3+3x4=7 16x1+x2-6x3 3x1-x2-x3 x1,x2,x3,x4 >=0
Checklists or questionnaires Audit firm will have a standard list of control questions. Audit staff can quickly ascertain which if any, are in operation by the client. There
A trade is assessed on the basis of its performance. Performance can be defined as the expected total return over and above the investment horizon of the trade. T
i need help writing a paper on a healthcare organization and reviewing its financial operations based on data available from 6 sources
Explain Dual Currency Bond A dual currency bond is a straight fixed-rate bond that is issued in one currency and pays coupon interest in that similar currency. At maturity, th
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd