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!
182-Day T-Bills
Following the Sukhamoy Chakravarty Committee recommendations, in November, 1986, 182-day T-bills were introduced in order to develop the short-term money market and also to provide an additional avenue for the Government to raise financial resources for its budgetary expenditure. Initially, these were the first type of treasury bills to be auctioned on monthly basis without any rediscounting from the RBI. Thus, the first step of market oriented discount rate has come into existence. The state governments and provident funds were not allowed to participate in these auctions. To impart an element of flexibility, the Central Bank was not announcing the amount in advance. The market participants were allowed to bid the amount and price of their choice. The authorities would determine the cut-off discount rate and the amount of T-bills sold in an auction. They were issued with a minimum lot size of Rs.1 lakh and multiples thereof. These auctions were monthly in the beginning but later in 1988, they were made fortnightly. These bills were eligible securities for Statutory Liquidity Ratio purpose and for borrowing under standby refinance facility of the RBI. The 182-day T-bills had an interest rate that was relatively market determined and this made it possible for the development of a secondary market for it. Nevertheless, till 1987, 182-day T-bills market could not emerge as an integral part of the money market. These bills were discontinued and in place of which 364-day T-bills emerged.
In April, 1998, these bills were reintroduced in order to obtain a continuous yield curve for a period of one year. These bills were again discontinued from May, 2001 up to March, 2005. These bills were reintroduced with effect from April, 2005.
Cash Management: - Cash management comprises maintaining optimum cash balance and efficient collection and disbursement of cash. Methods or else Devices of Cash Management: - Th
Concepts of Cost of Capital 1. Explicit Cost And Implicit Cost The explicit cost of any source of finance may be described as the discount rate that equates the current v
QUESTION (a) Describe briefly the main security measures to protect E-Banking systems and ensure secure E-Banking transactions. (b) (i) What is a digital certificate? (ii
Normally, the cash flows from mortgage backed and assets-backed securities are obtained on monthly basis. Therefore, the yield calculated would be on a monthly ba
1. Discuss the various techniques of inventory management for efficient working capital management. 2. Discuss the importance of dividend decisions. What is MM theory of div
I am trying to solve this formula: 2/10, net 30. In the book I am reading they have 2% x 360 ------- ------ = 2.04% x 18=36.72% 100-2% (30-10) I want to know how the
Problem There are two investment plans in the market whose details are given below based on which you need to decide which investment plan you need to select. Propose which inv
IFRS 3 Business combinations necessitate goodwill on gaining to be calculated at the date control is gained. The second gaining gives ROB a 75% holding and consequently control o
PAMs are so structured that the repayments resemble traditional mortgages from the lenders' point of view and resemble GPMs from the borrowers' point of view. Thi
net current asset forecast method
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: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd