Call Money/ Notice Money
used by Banks to borrow money w/o collateral from other banks to maintain CRR
Call money market- funds are transacted on overnight basis & notice money market,-- btwn 2-14 days
An over-the-counter (OTC) market -no brokers Highly liquid All scheduled Commercial Banks (excluding RRBs), Cooperative Banks other than Land Development banks and Primary dealers are the participants
Actions like banks subscribing to large issues of government securities, increase in CRR or repo rate, = low liquidity - increase in call rate
Call Rate: The interest rate paid on call loans
NSE Mumbai Inter-Bank Bid Rate (MIBID) and the NSE Mumbai Inter-Bank Offer Rate (MIBOR) for overnight money markets:
MIBID: In this, borrower banks quote an interest rate
MIBOR: In this, lender banks quote a rate
Term Market: A market where maturity of debt btwn 3 months to 1 year
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pdf
owner:
ruchi - (no access) - attachment_DSummary_Sheet_-_Debt_markets.pdf, p9
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